How to Become a Trader
Users can apply to become a trader on BitMax by following these steps:
- Complete KYC 2 Verification
- Go to [Account] - [Copy Trading] - [Follow Me Trade]
- Click on [Trader Application] to submit your info and wait for review.
The review will be completed within 1-3 business days.
Note: Users who have subscribed to other traders CANNOT apply to become a trader.
How to Set up Subscription
After the trader’s application is approved, the trader will be able to set a subscription fee via [Account] - [Copy Trading] - [ Follow Me Trade]. Each term of subscription runs for 30 calendar days.
Traders can enable or disable the Subscription function at any time. When traders choose to disable the function, users will not be able to subscribe to them.
After a user is approved by the platform to become a trader, the system will start to calculate the transactions and returns of the trader's futures account from the time of approval. The calculated information will be displayed and publicly available on the website.
Settlement of Subscription Fee for Traders
Traders will be eligible to set and collect the subscription fee. The subscription fee will be calculated starting from the last settlement day date and will be settled and distributed on the 25th of each month. A portion of the subscription fee will be deducted as commissions.
How to Disable Subscription Function
Traders can choose to disable the Subscription function. Afterwards, the system will automatically discontinue the auto renewal of subscriptions for the trader's subscribers. The trader can also apply to disactivate the Trader function after the period of subscriber’s subscription expires.
Referral Rules for Copy Trading
Referral rules for copy trading are the same as the current Referral Program on BitMax.io. ONLY when subscriber registers on BitMax.io via the trader's Personal Referral Link, will the trader be eligible for receiving portion of the subscriber's trading commission as part of Referral Program.