Copy Trading Agreement
BitFrog Copy Trading Service Agreement
This BitFrog Copy Trading Service Agreement (hereinafter, this “Agreement”) is entered into by and between the BitFrog platform (hereinafter, “BitFrog”, “the Platform”, “we”, “us”) and the user of the copy trading services (hereinafter, “Copy Trading User”, “you”). This Agreement sets out the specific terms and conditions applicable to BitFrog’s copy trading services.This Agreement is a supplement to the BitFrog Platform User Agreement and, together with it, forms the overall agreement governing your use of BitFrog products and services.Before using the BitFrog copy trading service, you should carefully read and fully understand all provisions of this Agreement, especially those related to risk disclosure, limitation of liability, and disclaimers. By clicking “Agree”, “Next”, “Enable Copy Trading”, or by actually using the copy trading service, you are deemed to have read, understood, and agreed to be bound by all terms of this Agreement.In the event of any inconsistency between this Agreement and the BitFrog Platform User Agreement, the bolded or specially indicated provisions of this Agreement shall prevail with respect to matters relating to copy trading.
1.1 Definitions
Unless otherwise indicated by the context, the following terms shall have the meanings given below:
Copy Trading Service / Copy Trading: A service under which users, through the BitFrog platform, allocate part or all of their trading capital or live trading account to automatically replicate the trading behavior of a designated trader or strategy, based on certain rules, proportions, or parameters.
Copy Trading User / Copy Trader / you: A user who has enabled and uses the Copy Trading Service on BitFrog to replicate the trading activities of other traders.
Trader / Signal Provider: A live trading account holder or strategy provider who publicly displays their trading performance on BitFrog and allows other users to follow or copy their trading behavior.
Live Trading Account: An account that you hold with a third-party exchange (including but not limited to OKX, Binance, Bybit, etc.) or with certain on-chain protocols (such as Hyperliquid, where applicable), which is connected to BitFrog via API or other authorization methods.
Copy / Mirror: The process by which BitFrog, according to preset rules, automatically executes corresponding trading instructions (including but not limited to opening, closing, increasing, or reducing positions) in your connected account based on trading actions that occur in a Trader’s live trading account.
Copy Ratio / Capital Allocation Rules: The parameters set by you for each Trader, including but not limited to capital allocation, leverage, maximum single-trade size, maximum total capital, maximum drawdown thresholds, and other relevant settings.
1.2 Scope of Application
1.2.1 This Agreement applies to all copy trading–related functions you may use on the BitFrog platform, including but not limited to:
Copy trading of live accounts on centralized exchanges;
Strategy-based copy trading on Web3 / on-chain protocols (where applicable);
Automatic trade execution based on signals or strategies provided through BitFrog.
1.2.2 For matters not expressly addressed in this Agreement, the BitFrog Platform User Agreement, Risk Disclosure, Privacy Policy, and other applicable rules shall apply, with priority given to the most specific rules applicable to the Copy Trading Service.
2.1 General
This risk disclosure is a supplement to the risk disclosures contained in the BitFrog Platform User Agreement and any other relevant risk statements. Before deciding whether to follow any particular Trader or strategy, you should carefully assess your own financial condition, risk tolerance, and investment objectives. Copy trading is highly speculative and may lead to significant losses, including losses that exceed the capital used by the copied Trader or your own anticipated risk capacity.
2.2 Specific Risks
You expressly acknowledge and accept the following non-exhaustive risks:
(1) Automated Execution Risk
Copy trading is an automated trading mechanism. Once you enable copy trading and set the relevant parameters, the system may automatically open, close, increase, or reduce positions on your behalf without requiring you to manually confirm each order. You may incur substantial floating losses or even liquidations before you become aware of such positions.
(2) Performance Divergence Risk
Even if the Trader you follow is profitable, your actual performance may differ substantially due to, including but not limited to:
Different initial capital amounts between you and the Trader;
Different copy ratio, maximum single trade limit, and overall capital limit settings;
Minimum trade size constraints at exchanges or protocols that prevent full replication of small trades;
Differences in actual execution prices, slippage, fees, funding rates, and rebates;
Your manual intervention, such as closing positions, adjusting size, stopping copy trading, or changing parameters;
The Trader depositing/withdrawing funds or moving assets, which changes the base capital used for calculating performance.
(3) Differences in Trading Environment
Due to differences among exchanges, on-chain protocols, and account tiers (fee discounts, VIP levels, etc.), the following may occur:
Certain products or trading pairs may not be available in your account;
Margin rules, leverage limits, and liquidation mechanisms may differ;
Order book depth and slippage may differ.
As a result, you may not be able to replicate the Trader’s execution environment or actual performance on a one-to-one basis.
(4) Trader-Related Risks
The Trader you follow may not be a professional investor. Their performance may be influenced by luck, short-term speculation, heavy leverage bets, or poor risk management. BitFrog does not warrant or represent the professionalism, stability, or risk control capability of any Trader. You should independently evaluate the Trader’s historical performance and risk profile.
(5) Technology and System Risks
These include, but are not limited to:
Exchange or node outages preventing orders from being placed or closed;
API communication errors, rate limiting, or latency, leading to delayed or failed copy orders;
System upgrades, maintenance, or network issues on BitFrog that cause interruptions or delays in service.
(6) Extreme Market Conditions
Under extreme market conditions, low liquidity, flash crashes, or sudden spikes, copy trading may suffer from severe slippage or inability to execute, resulting in:
Significant differences between your execution price and the Trader’s recorded price;
Force liquidations, margin calls, or auto-deleveraging by exchanges or protocols;
Triggering of exchange risk-control mechanisms and position reductions.
2.3 No Asset Management Relationship
You fully understand and accept that using the Copy Trading Service does not amount to delegating investment management or asset management to BitFrog or to any Trader. All trading decisions are deemed to be made by you, based on your independent choice to follow a given Trader or strategy. All profits and losses arising therefrom are solely at your own risk.
3.1 Authorization and Execution
3.1.1 When you enable the Copy Trading Service and connect your exchange or on-chain account, you authorize BitFrog, within the scope of the parameters you set, to:
Automatically execute trading instructions in your account that are broadly aligned in direction and instrument with the Trader you follow;
Automatically adjust positions, including opening, closing, increasing, or reducing positions;
Execute forced position reductions or stop-copy actions when your configured risk control parameters are triggered (where such features are enabled).
3.1.2 During the copy trading process, BitFrog is not required to obtain your separate verbal or written consent for each order, and the system will act based on your pre-configured settings.
3.2 Scope and Limitations of Copying
3.2.1 As a general rule, copy trading adheres to the following principles:
No Backfilling of History: Positions or historical orders already existing in the Trader’s account before you begin following are typically not replicated in your account;
From Now On: After you start copying, the system only synchronizes subsequent new opening and closing activities of the Trader;
If you change copy parameters, pause copying, or stop following a Trader, subsequent execution will follow the latest effective settings.
3.2.2 Some or all trades may not be executed in your account under the following circumstances:
Your available balance or margin is insufficient to open positions according to the set ratio;
The order size falls below the minimum trade size required by the exchange or protocol;
The order size exceeds your configured single-trade or total capital limits;
The instrument is unavailable or restricted in your jurisdiction or account;
API authorization has expired or been revoked, or risk controls (including rate limits, account freezes, or compliance flags) prevent execution.
3.2.3 To achieve the most consistent replication of the Trader’s behavior within the permissible scope, you authorize BitFrog to allocate and adjust your available funds in your connected account in accordance with the copy ratio and capital limits you have set.
3.3 Manual Intervention and Divergence
3.3.1 During copy trading, you may at any time:
Manually close or partially close any position created by copy trading;
Manually increase or reduce the size of a position;
Adjust the copy ratio, maximum capital limit, or other parameters;
Pause or stop copying a particular Trader.
3.3.2 Once you manually intervene in a position, the subsequent floating profit and loss, closing price, and overall performance of that position may differ significantly from that of the Trader. All resulting consequences are solely your responsibility.
3.4 Execution and Slippage
3.4.1 Extreme market conditions, insufficient depth, and differences in matching rules between exchanges may cause:
Significant differences between your execution price and the Trader’s execution price;
Partial fills or complete failure of your orders;
Different triggering and execution behavior for stop-loss, take-profit, or trigger orders.
3.4.2 You acknowledge and agree that slippage and execution differences are normal phenomena in copy trading and do not constitute a breach of contract or system failure by BitFrog.
4.1 Services Provided “As Is”
To the maximum extent permitted by applicable law, BitFrog provides all services, including the Copy Trading Service, on an “as is” and “as available” basis and does not make any express or implied warranties regarding the quality, stability, profitability, or fitness for a particular purpose of the Platform or services. You bear all risks associated with the use of the services.
4.2 Limitation of Liability
To the fullest extent permitted by law, BitFrog shall not be liable for any of the following losses arising out of or in connection with your use or inability to use the Copy Trading Service:
Trading losses, loss of profit, or opportunity costs;
Data loss, information leakage, or business interruption;
Losses caused by failures at third-party exchanges, on-chain protocols, or network service providers;
Execution anomalies, delays, or failures due to technical faults, system maintenance, network latency, API rate limits, or similar causes;
Any indirect, incidental, punitive, or consequential damages.
If applicable law requires BitFrog to bear liability for damages, then the total aggregate liability of BitFrog to you under the Copy Trading Service shall not exceed the total amount of service fees you have actually paid to BitFrog for the Copy Trading Service during the three (3) consecutive months immediately preceding the event giving rise to such liability, and shall exclude any trading fees, liquidation losses, or other costs paid to third-party platforms.
4.3 No Responsibility for Traders/Strategies
4.3.1 BitFrog is not responsible for any behavior, decisions, trading frequency, or risk management practices of any Trader or strategy, including but not limited to:
Heavily leveraged one-sided positions or speculative bets;
Excessive trading, short-term scalping, or high-frequency behavior;
Ignoring risk control and exceeding the Trader’s own risk tolerance;
Cross-platform arbitrage or frequent asset transfers that distort reported performance.
4.3.2 You retain full discretion and duty of care as to whether to follow any Trader or strategy. BitFrog shall not be liable for any direct or indirect loss arising from your decision to follow a particular Trader or strategy.
4.4 Platform Supervision and Enforcement Rights
To maintain orderly operations and protect users, BitFrog reserves the right to supervise and manage the Copy Trading Service, including but not limited to:
Monitoring historical performance of Traders and marking risk indicators;
Taking measures such as warnings, restricted visibility, suspension, or delisting of copyable status for Traders suspected of violations, market manipulation, abuse, or misrepresentation of performance;
Freezing, restricting, or terminating services for accounts suspected of using copy trading for money laundering, cashing out, illegal fundraising, pyramid schemes, or other illegal activities, and reporting to regulatory or judicial authorities as necessary;
In the event that BitFrog identifies significant technical or compliance risks in the Copy Trading Service, BitFrog may temporarily suspend or permanently discontinue part or all of the copy trading features and may take reasonable risk-control measures on existing positions (such as forced stop-copy actions, user notifications to close positions, etc.).
5.1 No Investment Advice
Any information displayed on BitFrog relating to Traders—including but not limited to performance curves, win rates, drawdowns, risk scores, strategy descriptions, historical records, and leaderboards—is for informational purposes only and does not constitute a promise of future returns or a recommendation of any Trader or strategy.
5.2 Past Performance Not Indicative of Future Results
Good historical performance by a Trader or strategy does not imply similar future performance. Changes in market conditions, capital size, trader psychology, or strategy effectiveness can cause actual future performance to deviate significantly from historical data.
5.3 No Guarantee of Matching Returns
BitFrog makes no representation or warranty that:
You will achieve returns equal to or similar to those of the Traders you follow;
Copy trading will reduce your overall investment risk or increase your returns;
Copy trading results will necessarily outperform your own independent trading.
5.4 Independent Decision-Making Responsibility
You may use the information and tools provided by BitFrog (including copy trading features) as a starting point for your own independent research and investment decision-making. However, you must not treat them as a substitute for your own judgment or as a financial product or investment advisory service. All orders executed via copy trading are deemed to be made by you voluntarily, and you are solely responsible for all resulting profits and losses.
5.5 Amendments
BitFrog reserves the right to revise this Copy Trading Service Agreement and related rules in light of business needs and changes in applicable laws and regulations, and will publish such revisions via Platform announcements or other appropriate means. Your continued use of the Copy Trading Service after such publication shall be deemed your acceptance of the revised Agreement.
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