1. What Is Futures Copy Trading Loss Coverage?
1.1 Loss Coverage is a voucher issued by the official platform, allowing users to experience futures copy trading.
1.2 After activation, the Loss Coverage voucher can be used to offset losses incurred on the covered position when the lead trader closes the position.
| Distribution Method | Directly issued by the official platftom and manually claimed by users |
|---|---|
| Loss Coverage Amount & Unit | Denominated in USDT. The coverage amount is subject to official settings. |
| Validity Period | Loss Coverage is valid until a specified expiration date (e.g., August 10, 2025). |
| Trader Restrictions | Depending on how it is obtained, Loss Coverage may apply to a designated lead trader or all lead traders. Each user may use only one Loss Coverage voucher per lead trader. |
| Mode Restrictions | Available only in Smart Mode. Take-profit and stop-loss settings are not supported while using Loss Coverage |
2. How to View Loss Coverage
Path: App Home (top-left Profile) - [Vouchers] - [Available Vouchers] - [Copy Trading Loss Coverage]
3. Usage & Compensation Rules
3.1 Within its validity period, Loss Coverage can be used for copy trades with the designated lead trader.
3.2 Loss Coverage only applies to the first position opened after successful activation while following the lead trader.
3.3 Compensation applies only to losses incurred on that covered position due to the lead trader closing the position.
3.4 If you stop following the lead trader after activating Loss Coverage, the voucher will automatically become invalid, and coverage will terminate.
4. Important Notes
Q1: Why did my Loss Coverage become invalid after claiming it?
A1: Loss Coverage must be used within its validity period. Please activate it for copy trading before it expires. Once activated, it will remain valid for the covered position regardless of the original expiration date.
Q2: Why was my covered position at a loss, but I did not receive compensation?
A1: Compensation only applies to losses caused by the lead trader closing the position:
a. Manual: The lead trader manually closes the position, and you follow the close.
b. Forced: The lead trader's position is liquidated or forcibly closed due to uncontrollable factors, and you follow the close.
A2: Losses caused by other situations are not eligible for compensation, including but not limited to:
a. You manually stop following the lead trader.
b. After you follow the lead trader, no position is opened, or the lead trader terminates the copy relationship.
- The Loss Coverage is now available on the app, with the web version coming soon. Stay tuned!
5. Disclaimer
5.1 If malicious behavior, such as wash trading or fraudulent attempts to obtain platform rewards is detected, the platform reserves the right to take strict action against the involved accounts.
5.2 Gate reserves the final interpretation rights of Copy Trading Loss Coverage.
