Diverse Follow FAQ
1. What is Diverse Follow?
Diverse Follow is an advanced copy trading feature offered by BYDFi that allows investors to follow multiple traders simultaneously, automatically replicating their trading strategies.
This helps diversify investment portfolios, reduce risks, and leverage the expertise of professional traders.
You can choose to:
- Become a trader: Share your strategies and allow others to follow.
- Become a follower: Follow one or more outstanding traders to diversify your investments.
2. What are the requirements to become a Diverse Follow trader?
- Complete KYC verification.
- Must not be following other traders at the same time.
- Each trader can only register one account for Diverse Follow.
- Self-introduction must not include advertisements or promotional content.
3. Does my Diverse Follow account share funds with my contract trading account?
No. Diverse Follow accounts are independent from contract trading accounts.
4. Why haven’t I received my profit-sharing yet?
BYDFi settles profit-sharing daily at 11:00 AM (UTC+8).
Profits are calculated based on all closed follower trades between 08:00 AM (UTC+8) of the previous day and 08:00 AM (UTC+8) of the current day.
đź“Ś If followers still have open trades, profit-sharing will not be distributed until all positions are closed.
5. Why didn’t the trader receive the estimated profit shown on the page?
Profit sharing is only generated when a trader’s order is profitable.
👉 Losing orders do not generate profit sharing.
6. What is the profit-sharing percentage for traders?
The default BYDFi profit-sharing ratio is 10%.
7. Which wallet receives the trader’s profit?
Profit-sharing is distributed to the trader’s Default Perpetual Wallet.
8. Why did a trader’s number of followers suddenly decrease?
If a follower’s account equity is ≤ 0 and no trades have been copied for 14 consecutive days, the system will automatically cancel the following relationship.
9. Can traders use One-Way Mode for Diverse Follow trading?
No. Traders must use Hedge Mode to participate in Diverse Follow trading.
10. How can a trader increase the maximum number of followers?
By increasing equity in their contract account, traders can unlock higher follower limits.
11. What if I want to follow a trader, but their follower capacity is full?
You can set a Follow Reminder.
When the trader’s follower count drops below the maximum limit, you’ll receive a notification so you can start following immediately.
12. Why did my Diverse Follow attempt fail?
Possible reasons include:
- Trader’s status revoked, relationship ended
- Trader manually removed the follower
- Trader’s margin allocation limit reached
- Trader’s copy order limit reached
- Trader’s order partially filled
- Follower’s margin balance insufficient
- Exceeded trading pair follow limit
- Follow amount smaller than the minimum required
- Follow amount larger than the maximum allowed
13. If a trader’s status is revoked and they reapply, will history be retained?
Yes. The platform retains all trading and follow history, even if the trader reapplies.
14. Can a trader whose status was revoked still receive profit from closed trades?
Yes. Profit sharing is only based on trade results and is not affected by trader status.
15. Why is the COPY wallet visible in my assets page but not on the trading page?
The COPY wallet is only displayed for trader accounts on the trading page.
If you’re not a trader, it will not appear there.
16. What causes the system to automatically cancel a follow relationship?
- The trader has not opened a position for 21 consecutive days
- Your account balance is ≤ 0 and you have not copied trades from that trader for 14 consecutive days
- 5 consecutive failed follow attempts
17. Why can’t I see Diverse Follow orders in the “Current Positions” section?
- The “Current Positions” section does not show Diverse Follow trades. Please check the Diverse Follow Center.
- On older versions of the app, you can find them under the “Current Copy Trades” tab.
- On the latest app version, the “Current Copy Trades” tab has been removed. All orders are now consolidated in the Diverse Follow Center.
