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    Differences Between Master Traders and Followers in Copy Trading
    bybit2024-10-26 16:39:39

    To optimize your copy trading experience on our platform, it's crucial to comprehend the contrast between the roles of Master Trader and Follower. This article aims to provide you with  a comprehensive summary of the unique features associated with each role, presented in a user-friendly tabular format. Whether you identify as a Master Trader or a Follower, this guide will assist you in understanding the features and making well-informed choices to accomplish your trading objectives.






    General

     

    Master Trader

    Follower

    Account Used for Copy Trading

    Derivatives Account (Standard Subaccount) or

    Unified trading Account (UTA users)

    Funding Account

    Transfer Method

    Manual Transfer In and Out

    Manual Transfer In and Auto Transfer Out

    Investment Assets


    USDT


    For UTA user, traders can use multiple collaterals as margin assets. 

    USDT

    Supporting Trading Pairs

    USDT Perpetual Contract


    Read More

    Trading Pair Supported on Copy Trading

    USDT Perpetual Contract


    Read More

    Trading Pair Supported on Copy Trading

    Identity Verification (KYC)

    Individual Identity Verification Lv.1 or Business Verification is required

    Individual Identity Verification Lv.1 or Business Verification is required

    Asset Requirement

    The minimum initial funds required for Master Trader applications is 100 USDT.



    Read More

    How to Become a Master Trader

    The minimum investment amount is 50 USDT. Master Traders can set the minimum required investment amount for their followers. 






    Order Placement & Order Type

     

    Master Trader

    Follower

    Perpetual Trading

    Place Entry Orders

    Supported

    Not Supported

    Place Exit Orders

    Supported

    Supported, can be set from User Center

    Place TP/SL Orders

    Supported

    Supported, can be set from User Center


    (Not Supported if Master Trader enabled Forced Sync)

    Place Trailing Stop Orders

    Supported

    Supported, can be set from User Center

    Place MMR Close Orders

    Supported for Master Traders with Unified Trading Account


    Read More

    Maintenance Margin Rate (MMR) Close Order

    Not Supported

    Place Partial Close Orders

    Supported. Master Traders can manually enter any quantity to close a position, subject to a minimum order size. 

    Supported but with limitations. 


    For example, Follower A has copied a position, built up by three (3) entry orders: A, B, and C, with quantities of 100, 200, and 300 respectively.


    In the case of this merged position (A+B+C), Follower A can only partially close the position with quantities of 100 (Order A), 200 (Order B) or 300 (Order C).


     Follower A will not be able to manually enter any other closing quantity. If there is only one (1) entry order for the position, the Follower can only close the entire position. 

    API Access

    Supported


    Master Trader can access the V5 API documentation here or connect to third-party API tools integrated with Bybit. 

    N/A

    Auto-margin Replenishment (AMR)

    Supported

    Follow Master Trader’s settings.


    The AMR icon is illuminated if your Master Trader has enabled it under Isolated Margin mode. 

    Manual Margin Replenishment

    Supported

    Not Supported

    Entry Order Type

    Market, Limit or Conditional Order

    Market Order

    Close Order Type

    Market, Limit or Conditional Order

    Market Order


    Investment Parameter Settings

    N/A

    Required


    Read More

    Copy Mode and Parameter Settings (Copy Trading) 

    Trading Bot 

    Create Bot for Copy Trading

    Supported


    Only Futures Grid Bot is currently supported in Copy Trading


    Not Supported 


    Followers have the option to copy Master Trader bot’s from the Copy Trading Settings. 

    Edit Bot Parameters

    Only allowed to edit parameters below:

    • Edit TP/SL 

    • Invest more

    • Withdraw profits 

    Can set TP/SL for copied bot

    Terminate Bot

    Supported

    Supported

    View Trading Bot details

    Can view the bot created for Copy Trading from Tools → Trading bot page or Copy Trading →  My Copy Trading page.

    • Can only view the copied trading bot from Copy Trading → User Center (Follower).
    • To create your trading bot, followers can go to the Tools → Trading bot page.






    Commonly Asked Trading Functions 

     

    Master Trader

    Follower


    Reduce the Risk of Liquidation

    i) Utilize lower leverage or manually replenished funds to the position when trading in the Isolated Margin Mode.


    ii) Increase the available balance by adding funds when operating in Cross Margin Mode.

    i) If you are in Cross Margin Mode, you may manually increase your investment funds.


    ii) If you are in an Isolated Margin Mode, you may opt for lower leverage via fixed Leverage or custom Leverage options.

    Switch Copy Mode During Copy Period

    (Smart Copy <> Advanced Copy)

    N/A

    Not Supported


    Followers can only reset the copy mode after canceling copy and re-copy a Master Trader.

    Leverage Alignment With Master Trader’s

    N/A

    It is normal that the Follower’s leverage differs from Master Trader’s if the Master Trader reduces the leverage used, and the Followers have insufficient available balance to meet the increased margin requirement despite Follow Trader's Leverage on Copy Trading settings. 


    To align the leverage, please increase your investment funds and go to Copy Trading settings, click on Configure Settings.


    Note that the alignment will not be executed if your available balance is insufficient to meet the lower leverage level. Review your settings and leverage after making any changes.

    Follow Master Traders

    Accounts with Master Trader status are not permitted to follow other Master Traders directly.


    However, if you want to invest in other Master Traders as a Follower, you can create a Subaccount.


    Read More

    How to Get Started with a Standard Subaccount

    Yes, Followers have the ability to follow multiple Master Traders simultaneously. Both Main Account and Subaccount support the Followers feature. 

    Adjust Investment Fund

    Yes, you can manually transfer funds in or out of your Derivatives Account.

    Yes, you can head to the Copy Trading User Center and go to your Master Trader list to increase investment funds to the respective Master Trader.


    Master Traders can set a minimum investment requirement ranging from 50 USDT to 1000 USDT. Reducing investment to below this minimum is restricted. You will be able to see the specific minimum amount set by your Master Trader on the parameter setup window → Investment column.



    For quick access to your funds, unfollow the Master Trader, close all positions, and any remaining balance will be credited to your funding account.

    Switch Display Order Price

    Master Trader has the option to switch between displaying the order price or the average entry price for a position in  Master Trader Center → Orders.

    No, the average entry price (AEP) of the position is displayed by default.

    Increase Follower Cap

    Yes, Master Traders have the option to unlock up to a maximum of 500 additional exclusive Follower slots for invitees. 


    Read More

    How to Invite or Manage Your Follower (Master Trader)

    N/A






    Other Product Attributes / Noteworthy Features

     

    Master Trader

    Follower

    Profit Sharing

    Cadet or Bronze:10%

    Silver: Customizable up to 12%

    Gold: Customizable up to 15%

    Whitelist: Customizable up to 99%

    The profit earned by Followers through CopyTrading is subject to a profit-sharing arrangement.


    Read More

    Copy Trading: Profit Sharing Explained

    Subscribe

    A Master Trader is not allowed to subscribe to other Master Traders.

    Followers can subscribe to their preferred Master Trader. Each Master Trader can accommodate up to 1,000 subscriptions.

    Waitlist

    A Master Trader is not allowed to join other Master Traders' waitlists.

    Once a slot to join the Master Trader becomes available, this function will promptly notify users on the waitlist via email.


    The number of users on the waitlist will be displayed exclusively in the Master Trader's profile when their Followers reach maximum capacity.


    There is a maximum limit of 1,000 waitlist slots for each Master Trader.

    Master Trader's Personal Settings

    Master Trader

    Follower

    Edit Profile Picture, Nickname and Bio Description

    Supported in User Center → Personal Settings


    Please note that nickname and profile picture can only be changed once every 180 days.

    N/A

    Follower Whitelist

    Supported in User Center → Personal Settings

    If Master Trader has enabled 

    the whitelist of Followers, only Followers whose UIDs have been added to the Master Trader whitelist can copy the Master Trader.

    Strategy Protection

    Supported in User Center → Personal Settings

    If Master Trader enabled Strategy Protection, only Whitelisted users and Followers can view Master Trader’s trades and asset info.

    Hide Location

    Supported in User Center → Personal Settings

    N/A

    Signal Protection

    Supported in User Center → Personal Settings

    If Master Trader enabled Signal Protection, only Followers can subscribe and receive Master Trader Trading Signal.


    If disabled, any user can subscribe to the Master Trader. 

    Hide Automated Strategy

    Supported in User Center → Personal Settings

    N/A

    SyncMaster

    After enabling Forced Sync, followers will no longer be able to modify their copy-trading parameters for Perpetual Trading. 


    If Forced Sync is not enabled, Followers can modify copy-trading parameters when they follow, and your settings will only serve as recommended parameters for the Followers.


    For more information, please refer to SyncMaster Features (Copy Trading).

     

    If you have any other inquiries, please refer to the FAQs or submit a ticket to our Customer Support by clicking here.



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