<h3>How does Copy Trading work?</h3>Experienced traders trade on Bidsbee and accumulate statistics of their trades that prove that they are efficient. After the required statistical data is collected, and if it demonstrates that the trader can be useful to the community, the trader’s profile becomes available for subscribing.&nbsp;There is a list of such traders. You can view their profiles, have a look at their statistics on their traders, and pick those whom you want to follow.To start copying a trader, you need to do the following:<ul><li>Pick the trader whose strategies you want to follow</li><li>Buy a subscription to the trader.</li><li>Activate the Copy Trading option and set up its parameters.</li></ul>Once you pick a trader and subscribe to them, their orders will automatically be copied into your account.&nbsp;Note please that to start using the Copy Trading functionality, you have to make sure that:<ul><li>You shall have an account on the same exchange the selected trader uses.</li><li>Your funds shall be kept in the same currency the selected trader uses. The currency can be checked in the trader’s profile.&nbsp;</li><li>Your balance shall be at least $100 or equivalent. The minimum transaction is limited to $50, the maximum is not limited.&nbsp;</li></ul>These details are important to consider. Otherwise, your orders on the exchange may be blocked as erroneous.&nbsp;Note, please, that you can copy as many traders on as many exchanges as you wish for spot trading, but for futures trading, you can copy orders of one trader only and only on one exchange.&nbsp;

Copy trading is a tool developed for those who want to trade and earn without any trading experience or knowledge. Inexperienced users can subscribe to professional traders and copy their trades.

What is Bidsbee copy trading feature?

Copy trading is a functionality designed to help novice traders start earning on crypto trading. To start using this functionality, you need to choose a Master trader and subscribe to them. After that, the orders of the trader will be copied proportionally to your account. Proportionally means that all the orders will be placed in a volume calculated in proportion to the trader’s balance and the deposit limit that you’ve set.&nbsp;To choose the right trader to copy, please check their statistics and performance at Bidsbee. Make sure their strategy is suitable for you. Only then, subscribe to the trader.Here are some points to pay attention to when picking a trader to copy:<ol><li>The number of followers: The more users are subscribed to the trader, the higher the probability of earnings. &nbsp;</li><li>ROI (Return on Investment): It shows the efficiency of the trader’s activities. &nbsp;</li><li>PnL: the trader’s profits and losses. &nbsp;</li><li>Subscription fee: You can subscribe to Bidsbee in-house traders for free and to other Master traders - for a monthly fee that is set by each trader.&nbsp;</li></ol>You can click on the trader’s card for more data about his trading activities. Along with ROI and PnL for the last week, you can check:<ol><li>Risk level</li><li>Runtime</li><li>AUM (assets under management)</li><li>Trading platforms&nbsp;</li></ol>Further, you can also check such parameters as:<ol><li>Accuracy of trading for the last week (7D accuracy): This value shows the ratio between money-making and money-losing orders. It shows the level of success of trading and the accuracy level of the strategy selected by the trader. If the accuracy level is below 50%, it means that the trader loses more money than they earn at the moment. However, it doesn’t mean that the trader is bad. With one successful order, they can cover all the losses. So, if you like other indicators, we recommend waiting to see the trader’s performance further and decide whether you still want to subscribe to this specific trader. &nbsp;</li><li>Maximum drawdown: The maximum observed loss after a series of losing trades for a specific period. &nbsp;</li><li>Sharpe ratio: Sharpe ratio is a measure of a trading strategy performance. It is calculated as a difference between the return of a trading portfolio and the risk-free return, divided by the standard deviation of the portfolio’s returns. The Sharpe ratio allows us to compare the return and its risk, and its main idea is that a trader shall be compensated for the additional risks he undertakes. In other words, if you compare two traders with the same profitability level, it is better to follow a trader whose Sharpe ratio is higher (it means that he risks less). &nbsp;</li><li>Sortino ratio: Sortino ratio is a modification of the Sharpe ratio with the difference that the Sortino ratio uses only the standard deviation of the negative returns as its risk measure. A high Sortine ratio signals that a trading strategy of a selected trader is efficient.</li></ol>Note, please, that you can view the open orders and open positions of a selected trader only after you have subscribed to the trader.

To choose a trader to copy, check their statistics and performance on Bidsbee. The following data is important: the number of subscribers, PnL, ROI, the risk level, among others.

How do I choose a trader to copy?

If you are an expert trader, you may be wondering how you can monetize your expertise on Bidsbee.&nbsp;The first step is to register on Bidsbee, reply to all the questions from our questionnaire, and fill up your public trader profile. After that, wait till we check all the information and verify your account.<h3>Important details:</h3><ul><li>You need to trade through Copy trading, since only orders created in the Copy trading menu will be displayed in your trading statistics.&nbsp; &nbsp;</li><li>You need to be aware that your followers can either trade through the Terminal or follow you (or any other chosen trader in copy trading) and copy the trades. Two actions can’t be done simultaneously.</li></ul><h3>FAQs</h3>Is the Bidsbee platform safe?&nbsp;We are following Binance and auditors’ recommendations, and we only need the permission to trade with your API key for spot and futures trading. We can’t make any manipulations with your funds, only trading. The requests will be sent from our IP addresses. Your API key is stored on Amazon servers, and the process of their storage is audited by top crypto audit company Hacken.What benefit will I get trading with Bidsbee?&nbsp;You can set any subscription fee you want for users to copy your trades: you get 85% from each subscription, Bidsbee takes 15% as a fee. Bidsbee engages and onboards new users who will follow your Master trader’s account.When and how can I withdraw the money I’ve earned from subscriptions?&nbsp;You will need to send the payment request to your Master trader account. Please note that it can be approved only if you traded for 1 month.&nbsp;<h2>How to Fill in the Master Trader Profile&nbsp;</h2>Click on the Profile button in the upper right corner and then on Become a Master trader:<figure class="image image_resized" style="width:50.11%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_1_2b004e6ace.jpg" alt="How to become a Master trader 1.jpg"></figure>Click Add now to add your API key:<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_2_7dc51a2b4e.jpg" alt="How to become a Master trader 2.jpg"></figure>Choose the exchange and add the API key:<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_3_5fa30a9eb7.jpg" alt="How to become a Master trader 3.jpg"></figure><figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_5_44aa217cb9.jpg" alt="How to become a Master trader 5.jpg"></figure>After adding the API key, get back to Become a Master trader button:<figure class="image image_resized" style="width:49.8%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_6_e58ba122eb.jpg" alt="How to become a Master trader 6.jpg"></figure>After that, click Details to fill in the data about yourself as a Master trader:<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_7_2dc5b84a6f.jpg" alt="How to become a Master trader 7.jpg"></figure>Click Next and write the price for the subscription you’d like to set for the user to pay monthly to copy your trades:<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_8_57c62871ff.jpg" alt="How to become a Master trader 8.jpg"></figure>Choose the API key for trading and click Add. Click Verify to submit your profile:<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_9_3e49f223da.jpg" alt="How to become a Master trader 9.jpg"></figure>Click Yes.<figure class="image image_resized" style="width:49.8%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/How_to_become_a_Master_trader_10_7330405b32.jpg" alt="How to become a Master trader 10.jpg"></figure>The next step is to wait for the Bidsbee admin to verify your account.After the verification, you will see new buttons in the Copy trading menu.&nbsp;Beware that your statistics will be displayed only if you start trading in Copy trading (this option will appear once you’re approved by Bidsbee admin). You’ll need to trade using Copy trading functionality for your followers to be able to copy your trades.<img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/last_65382189e7.png" alt="last.png">

To become a Master trader, fill in our questionnaire to get verified. After that, you can fill in your public trader account. 

Initially, your account won’t be open for users. We will take some time to collect your statistics that later will be displayed to users and enable them to make informed decisions. Once there is enough data about your trading activities, your profile becomes available for followers to subscribe to.


How to become a Master trader on Bidsbee?

<h3>How to choose the right trader for copy trading</h3>Copy trading is a functionality designed to help novice traders start earning on crypto trading. To start using this functionality, you need to choose a Pro trader and subscribe to them. After that, the orders of the trader will be copied proportionally to your account. Proportionally means that all the orders will be placed in a volume calculated in proportion to the trader’s balance and the deposit limit that you’ve set.&nbsp;To choose the right trader to copy, please check their statistics and performance at Bidsbee. Make sure their strategy is suitable for you. Only then, subscribe to the trader.Here are some points to pay attention to when picking a trader to copy.<ol><li>The number of followers: The more users are subscribed to the trader, the higher the probability of earnings.&nbsp; &nbsp;</li><li>ROI (Return on Investment): It shows the efficiency of the trader’s activities. &nbsp;</li><li>PnL: the trader’s profits and losses. &nbsp;</li><li>Subscription fee: You can subscribe to Bidsbee in-house traders for free and to other Pro traders - for a monthly fee that is set by each trader.&nbsp;</li></ol>You can click on the trader’s card for more data about his trading activities. Along with ROI and PnL for the last week, you can check:<ol><li>Risk level</li><li>Runtime</li><li>AUM (assets under management)</li><li>Trading platforms&nbsp;</li></ol>Further, you can also check such parameters as:<ol><li>Accuracy of trading for the last week (7D accuracy): This value shows the ratio between money-making and money-losing orders. It shows the level of success of trading and the accuracy level of the strategy selected by the trader. If the accuracy level is below 50%, it means that the trader loses more money than they earn at the moment. However, it doesn’t mean that the trader is bad. With one successful order, they can cover all the losses. So, if you like other indicators, we recommend waiting to see the trader’s performance further and decide whether you still want to subscribe to this specific trader. &nbsp;</li><li>Maximum drawdown: The maximum observed loss after a series of losing trades for a specific period. &nbsp;</li><li>Sharpe ratio: Sharpe ratio is a measure of a trading strategy performance. It is calculated as a difference between the return of a trading portfolio and the risk-free return, divided by the standard deviation of the portfolio’s returns. The Sharpe ratio allows us to compare the return and its risk, and its main idea is that a trader shall be compensated for the additional risks he undertakes. In other words, if you compare two traders with the same profitability level, it is better to follow a trader whose Sharpe ratio is higher (it means that he risks less). &nbsp;</li><li>Sortino ratio: Sortino ratio is a modification of the Sharpe ratio with the difference that the Sortino ratio uses only the standard deviation of the negative returns as its risk measure. A high Sortine ratio signals that a trading strategy of a selected trader is efficient.</li></ol>Note, please, that you can view the open orders and open positions of a selected trader only after you have subscribed to the trader.

To check the trader’s deals, pick the trader, and subscribe to them. There, you will be displayed all details on the trader’s deals.

How can I check traders’ deals?

<h3>How to manage Copy Trading transactions</h3>Once you have subscribed to a preferred trader and set your limits, all your trader’s orders become available for viewing.&nbsp;<ul><li>If you haven’t selected a trader yet, please read <a href="https://docs.google.com/document/d/1O_tJ5WlP9A--z1QZeTA6jShqHBJH6RNCeb07n_PDYaE/edit#heading=h.uahcrgl354vz">here</a> about how to choose the right trader.&nbsp; &nbsp;</li><li>If you have picked a trader to follow but haven’t subscribed to him, feel free to check <a href="https://docs.google.com/document/d/1i6RfBo_19-tpB93mber62lZbzsvV6z1XcsLKCCdUZnc/edit">here</a> how to do it.&nbsp; &nbsp;</li><li>If you have selected your preferred trader and subscribed to him but don’t know how to activate and set up Copy Trading, check <a href="https://docs.google.com/document/d/1e0fmM-ESEeOr5Y3Ww3TrlHSl-cr7IA1k67CAcKPJc64/edit">here</a>.&nbsp;</li></ul>Now, you can track all the trader’s orders. To do so, open the trader’s profile, and there, you can see the trader’s statistics: risk level, PnL, ROI, accuracy, maximum drawdown, Sharpe ratio, and Sortino ratio, among others.&nbsp;To check your open orders, move to the Trading terminal, click on Spot trading, and find the Open orders tab. There, you can view your orders, including copied orders, and manage them. If you want to check Futures orders, instead of the Spot trading tab, click on the Futures trading tab. There, right below the graph, you can see the Open orders tab, where you can view and manage all your open Futures orders.&nbsp;The status of each order in your account (the left column):<ul><li>If you see the warning Copy Trading is not connected, it means that the service is not connected or not set up. &nbsp;</li><li>If the Missed status is displayed, it means one of the following:<ul><li>Insufficient balance on your account on the connected exchange;</li><li>The set amount on the Take Profit/Stop Loss is lower than the balance permitted by the exchange. This error occurs when Take Profit and Stop Loss step targets are lower than the minimum permitted for a transaction on the connected exchange platform;</li><li>You have reached the total order amount you have set. &nbsp;</li></ul></li><li>The Error status means that an error occurred when the order was being processed. To find out about the error details, hover the mouse over the status. If the reason for the error is not indicated, or if the error continues to occur, please get in touch with us by sending an email to <a href="mailto:support@bidsbee.com">support@bidsbee.com</a>, or contact us via our Help Center.&nbsp; &nbsp;</li><li>The In progress status means that the order was copied and is in the process of completion. &nbsp;</li><li>The Completed status means that the order was copied and closed.</li></ul>To stop copying orders, move to your Copy trading section, pick the trader whose orders you want to stop copying, and click the Stop Limit button. You can stop copying the orders of a selected trader at any time. However, this action will stop copying new orders only, while all orders copied earlier will be completed.&nbsp;To cancel an active order, move to the Trading Terminal tab, click on Spot trading or Futures trading, depending on the order type you want to cancel, move to Open orders, pick the order you want to cancel, and proceed with the cancellation by clicking on the X button.&nbsp;Note, please, that using the Copy Trading functionality doesn’t guarantee a constant flow of income. To maximize the income from your trading activities, it is important to select the right trader.&nbsp;

To cancel an order in copy trading mode, move to the _Trading terminal_ tab, and click on the _Spot trading_ or _Futures trading_, depending on what order type you want to cancel. Find the _Open orders_ tab, and click on it to view all the orders that are open. There, you will be able to cancel a selected order by clicking on the _X_ button.

How to cancel an order in copy trading mode?

<h3>How to manage Copy Trading transactions</h3>Once you have subscribed to a preferred trader and set your limits, all your trader’s orders become available for viewing.&nbsp;<ul><li>If you haven’t selected a trader yet, please read here about how to choose the right trader.&nbsp; &nbsp;</li><li>If you have picked a trader to follow but haven’t subscribed to him, feel free to check here how to do it.&nbsp; &nbsp;</li><li>If you have selected your preferred trader and subscribed to him but don’t know how to activate and set up Copy Trading, check here.&nbsp;</li></ul>Now, you can track all the trader’s orders. To do so, open the trader’s profile, and there, you can see the trader’s statistics: risk level, PnL, ROI, accuracy, maximum drawdown, Sharpe ratio, and Sortino ratio, among others.&nbsp;To check your open orders, move to the Trading terminal, click on Spot trading, and find the Open orders tab. There, you can view your orders, including copied orders, and manage them. If you want to check Futures orders, instead of the Spot trading tab, click on the Futures trading tab. There, right below the graph, you can see the Open orders tab, where you can view and manage all your open Futures orders.&nbsp;The status of each order in your account (the left column):<ul><li>If you see the warning Copy Trading is not connected, it means that the service is not connected or not set up. &nbsp;</li><li>If the Missed status is displayed, it means one of the following:<ul><li>Insufficient balance on your account on the connected exchange;</li><li>The set amount on the Take Profit/Stop Loss is lower than the balance permitted by the exchange. This error occurs when Take Profit and Stop Loss step targets are lower than the minimum permitted for a transaction on the connected exchange platform;</li><li>You have reached the total order amount you have set. &nbsp;</li></ul></li><li>The Error status means that an error occurred when the order was being processed. To find out about the error details, hover the mouse over the status. If the reason for the error is not indicated, or if the error continues to occur, please get in touch with us by sending an email to <a href="mailto:support@bidsbee.com">support@bidsbee.com</a>, or contact us via our Help Center.&nbsp; &nbsp;</li><li>The In progress status means that the order was copied and is in the process of completion. &nbsp;</li><li>The Completed status means that the order was copied and closed.</li></ul>To stop copying orders, move to your Copy trading section, pick the trader whose orders you want to stop copying, and click the Stop Limit button. You can stop copying the orders of a selected trader at any time. However, this action will stop copying new orders only, while all orders copied earlier will be completed.&nbsp;To cancel an active order, move to the Trading Terminal tab, click on Spot trading or Futures trading, depending on the order type you want to cancel, move to Open orders, pick the order you want to cancel, and proceed with the cancellation by clicking on the X button.&nbsp;Note, please, that using the Copy Trading functionality doesn’t guarantee a constant flow of income. To maximize the income from your trading activities, it is important to select the right trader.&nbsp;

Yes, you can stop copy trading at any time. To do so, move to your _Copy trading_ section, pick the trader whose orders you want to stop copying, and click on the _Stop Limit_ button. You can stop copying the orders of a selected trader at any time. However, this action will stop copying new orders only while all orders that were copied earlier will be completed.

Can I stop copy trading at any time?

Copy Trading is a tool developed for those who want to trade and earn without any trading experience or knowledge.&nbsp;<h2>How does Copy Trading work?</h2>Experienced traders trade on Bidsbee and accumulate statistics of their trades that prove that they are efficient. After the required statistical data is collected, and if it demonstrates that the trader can be useful to the community, the trader’s profile becomes available for subscribing.&nbsp;There is a list of such traders. You can view their profiles, have a look at their statistics on their traders, and pick those whom you want to follow.To start copying a trader, you need to do the following:<ul><li>Pick the trader whose strategies you want to follow</li><li>Buy a subscription to the trader.</li><li>Activate the Copy Trading option and set up its parameters.</li></ul>Once you pick a trader and subscribe to them, their orders will automatically be copied into your account.&nbsp;Note please that to start using the Copy Trading functionality, you have to make sure that:<ul><li>You shall have an account on the same exchange the selected trader uses.</li><li>Your funds shall be kept in the same currency the selected trader uses. The currency can be checked in the trader’s profile.&nbsp;</li><li>Your balance shall be at least $100 or equivalent. The minimum transaction is limited to $50, the maximum is not limited.&nbsp;</li></ul>These details are important to consider. Otherwise, your orders on the exchange may be blocked as erroneous.&nbsp;Note, please, that you can copy as many traders on as many exchanges as you wish for spot trading, but for futures trading, you can copy orders of one trader only and only on one exchange.&nbsp;

Copy trading can be used to earn money by those who don’t have trading experience or those who have no time to trade. To benefit from the copy trading functionality, register an account on Bidsbee, connect your accounts on centralized exchanges, pick a trader and subscribe to their channel. After that, all their traders will be copied into your account.

How to use copy trading? 

To start copying Master traders, choose whether you want to copy their spot orders, futures orders, or both of them. For each trading type, you set up parameters separately.<ul><li>In the Spot Copy Trading mode, you can copy as many traders as you want.</li><li>In the Futures Copy Trading mode, you can copy one trader per exchange (e.g., for your Binance account, you can copy one trader in the Futures Copy Trading mode).</li></ul>If you want to copy the spot orders of the selected trader, proceed with the form for spot copy trading.<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/1_1edbf44ec1.png" alt="1.png"></figure>If your choice is futures copy trading, proceed with the form for futures copy trading.We will give the flow for Spot Copy Trading mode, if your choice is Futures Copy Trading, just follow the same instructions but in the Futures Copy Trading section because these flows are the same.<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/2_d8762893fc.png" alt="2.png"></figure><h2>Spot Copy Trading</h2>In the Spot Copy Trading mode, you can copy as many traders as you want.To copy the spot orders of the selected traders, provide the API key for the account you want to use for copy trading.<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/3_055e1b155f.png" alt="3.png"></figure><ul><li>If you haven’t connected API keys to your Bidsbee account, check here how to do it.</li><li>To choose a trader to copy, check the guide, and here, you can find instructions on how to subscribe to the selected trader.</li></ul><h3>Deposit amount</h3>When your exchange account is connected, proceed with setting up the copy trading account.In the Deposit amount field, indicate the sum that will be used for copying the trades of this trader. The sum of orders for copying will also be calculated based on this deposit.<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/4_5d163c645c.png" alt="4.png"></figure><h3>Limit for stop copy trading</h3>Here, you set up a limit of losses for the given trader. For example, if you set this value for $300, it means that the maximum you can lose by copying the trades of this trader is $300. When this limit is reached, you will be unsubscribed from this trader to prevent further losses.<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/5_b779da47fb.png" alt="5.png"></figure><h3>Minimum and maximum limits for an order</h3>If you want, you can set up a minimum and a maximum limit for each order. If the order exceeds the limits, it won’t be placed.To do so, move the toggle button in the On position, and indicate a maximum limit, a minimum limit, or both of them.<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/6_8d3c76974f.png" alt="6.png"></figure>Click on the Set limit button to save the settings.<figure class="image image_resized" style="width:75%;"><img src="https://bidsbee-landing-cms-eu.s3.eu-north-1.amazonaws.com/7_252af491b5.png" alt="7.png"></figure>

To start copying a Master trader, select one from the list of available traders and subscribe to him by clicking on the _Copy_ button under the trader’s profile. After that, you will be redirected to a payment page where you have to proceed with paying the subscription to the trader. If the trader selected by you doesn’t request a subscription payment, you can subscribe to him for free by clicking on the _Copy_ button.

After that, set up the copy trading functionality.

FAQ Copy trading