Dear Phemex users,
Phemex is excited to unveil our new Copy Trading feature. With this cool new functionality, users will be able to follow our platform’s top traders and copy their trades! Through this process, users will be able to learn and possibly profit from Phemex’s best traders. At Phemex, the first iteration of our copy trading page will allow users to spectate other top traders, follow them, and sort them by different metrics such as total balance, total P&L, Monthly ROI, and monthly P&L. Future iterations will add more automated copy trading capabilities. High-performing users can also currently apply to become top traders and begin building a following.
In celebration of our Copy Trading launch, we’re hosting a Top Trader Competition and giving away some cool prizes. Simply go to the event landing page to join and then trade linear contracts for a chance to grab hefty trading bonuses and social media exposure.
How It Works
- Register and create a Phemex account if you don’t have one already
- Go to the event page to join this trading competition.
- Trade linear contracts on Phemex during the campaign period. At the end of the contest, all participants will be ranked on PnL basis and the top 50 finishers will win rewards.
- Ranking is determined by PNL. Trading volume during competition period must reach $20,000 USD to be eligible to enter leaderboard
- If a user invites a new registrant to join this contest, who then reaches the top 50 leaderboard position, then the inviter will enjoy double PNL for the event
- Campaign Period: 0:00 UTC on July 19 – 0:00 UTC on July 29, 2022
- Winner Notification & Prize Distribution: Aug. 1, 2022
Rewards – Top 50 participants ranked on PnL basis
- At the end of campaign period, the top 3 finishers will each receive $500 in contract trading bonus, gain 20% increase in copy trading commissions, and enjoy social media exposure
- Participants who rank 4th to 50th will receive $100 contract trading bonus each
Terms and Conditions
- Users are only eligible to participate with a single account. If we detect multiple accounts with the same IP addresses or UIDs, all offending accounts will be disqualified.
- The following actions will result in immediate disqualification: batch account registration, profits from market manipulation, self-dealing or wash trades.
- Only main-accounts are allowed in this competition, sub-accounts will not be counted.
- Only the trading of linear contracts will be counted towards the PnL for this competition. Inverse contracts are not counted.
- Users in the following regions/countries India, Venezuela, Indonesia, Bangladesh, Pakistan, Philippines and Vietnam are eligible to participate or receive bonuses from the event only if they meet the requirement of $20,000 USD worth of trade on Phemex during the campaign period.
- Phemex reserves the right to make any final and binding amendments to these rules.
- Winner notification and prize distribution will occur within 5 days after the end of event
- If you invite a friend to join this contest during the event period, and this friend ends up on the top 50 leaderboard, then your event PNL will be doubled and your own ranking will likely rise.
- This competition will reveal our platform’s strongest Top Traders, allowing for our copy trading feature to be competitive and user-friendly.