Dear MEXCers,
Adhering to our principle of "Users first, changing for you," and to enhance your trading experience, MEXC Futures Copy Trade now offers Cross Margin Mode for both traders and followers.
- Traders: Traders do not need to configure their Copy Trade settings. They can select any margin mode (e.g., Cross Margin) when trading futures to lead trades.
- Followers: In the Copy Trade settings, users can choose from three margin modes: "Isolated Margin," "Cross Margin," and "Follow Trader's Margin Mode".
Steps for Followers to Configure Copy Trading:
1. Go to the Copy Trade homepage and select a trader -> Click [Copy Trade]
2. Select "Cross Margin," "Isolated Margin," or "Follow Trader's Margin Mode" and click [Confirm] to complete the setup.
Follower Configuration Guide:
In Copy Trade settings, followers have three margin mode options, as detailed below:
- Isolated Margin Mode: The follower will use isolated margin mode regardless of whether the trader uses isolated or cross margin mode.
- Cross Margin Mode: The follower will use cross margin mode regardless of whether the trader uses isolated or cross margin mode.
- Follow Trader's Margin Mode: If the trader uses isolated margin mode, the follower will use isolated margin. If the trader uses cross margin mode, the follower will use cross margin. If the trader changes margin mode, the follower’s margin mode will change accordingly.
Introduction to Cross/Isolated Margin Modes in Copy Trade:
Copy Trade Cross Margin Mode: In Cross Margin Mode, the entire balance of the copy trading account serves as margin to maintain the position, helping to avoid liquidation. In this mode, if the net assets of the copy trading account are insufficient to meet the maintenance margin requirements for the position, forced liquidation will be triggered. If the position is liquidated, all funds in the copy trading account will be lost.
Copy Trade Isolated Margin Mode: In Isolated Margin Mode, each copy trade position and its margin are independent. If the maintenance margin for a specific position is insufficient, only that position will be liquidated, while other copy trading positions and funds in the copy trading account remain unaffected.
Notes:
- When a trader changes the margin mode (e.g., from isolated to cross margin), followers may fail to sync this adjustment, especially if there is an open position, resulting in a copy trade failure. If a copy trade fails due to mismatched margin modes, the system will notify the user, who can then either add funds or close the position and reattempt the copy trade.
- If the trader uses cross margin while the follower uses isolated margin, the follower might face liquidation even if the trader does not. Followers should decide independently whether to adjust their margin mode for copy trading.
- For users already following a trader: The default margin mode is set to [Isolated]. To change it, go to [My Traders] page and switch margin mode.
- For new followers of a trader: The default margin mode is set to [Follow Trader's Margin Mode]. To adjust the margin mode, you can switch it when starting to follow a trader.
Enjoy trading on MEXC.
The MEXC Team
14 November 2024
