Smart Copy Mode is an advanced copy trading mode in the Phemex Contract Copy Trading module. In this mode, the system replicates the Trader's positions at a 1:1 ratio, including trade direction, leverage multiplier, and margin mode, allowing Copiers to replicate the Trader's trading strategy as closely as possible.

How It Works

When a Trader opens a position, Smart Copy Mode automatically calculates and executes the corresponding order for the Copier based on the Trader's position ratio:

• Direction Sync: When the Trader goes long, the Copier automatically goes long; the same applies for short positions

• Leverage Sync: The Copier's leverage multiplier will match the Trader's

• Margin Mode Sync: Automatically matches the Trader's margin mode (Cross/Isolated)

• Position Ratio Sync: Maps the Trader's capital utilization ratio at a 1:1 ratio based on the Copier's investment amount

Key Advantages

• One-Click Copy: Simply set your investment amount — no need to manually configure leverage, margin, or other parameters

• Strategy Replication: 1:1 replication of the Trader's trading decisions for maximum strategy fidelity

• Risk Isolation: Copy trading positions operate independently from manual trading positions

• Capital Protection: Investment amounts are managed independently, reducing the risk of over-leveraging when following multiple Traders

How to Use Smart Copy Mode

1. Select a Trader on the Contract Copy Trading page and click "Copy"

2. Select Smart Copy Mode

3. Set your investment amount

4. Confirm and start copy trading

FAQ

Q: Why is my entry price and liquidation price different from the Trader's?

Although Smart Copy Mode replicates the Trader's positions at a 1:1 ratio, the entry price and liquidation price may differ due to:

• Slippage: There is a slight time delay in executing copy orders. During high market volatility, the actual execution price may differ from the Trader's

• Investment Amount Differences: When the calculated order quantity is below the platform's minimum trading unit, the system will execute at the minimum quantity, causing the actual position ratio to slightly differ from the Trader's

Due to deviations in entry price and margin ratio, the Copier's liquidation price will also differ from the Trader's. In extreme market conditions, it is possible for one party to be liquidated while the other is not.

Q: Why is my PnL ratio different from the Trader's?

Due to slight differences in entry price and position ratio, the Copier's PnL performance will differ slightly from the Trader's. This is normal and expected behavior.

Q: Can I switch copy trading modes during an active copy?

Switching modes during an active copy is currently not supported. To switch, please cancel the copy trade, close all positions, and set up a new copy with the desired mode.

Q: How are my funds handled after I cancel a copy trade?

After canceling the copy trade and fully closing all positions, the remaining investment amount will be automatically released back to your contract account.

Q: Why is my opening margin amount too low or too high?

Smart Copy Mode calculates the order amount proportionally based on the Trader's capital utilization ratio. If the Trader's margin is small, the Copier's margin will be correspondingly small. If the Copier's investment amount is low and the calculated order quantity falls below the platform's minimum trading unit, the system will open a position at the minimum quantity, which may result in a higher-than-expected margin ratio.

Q: The Trader partially closed a position — why wasn't my position closed?

Copiers close positions proportionally based on the Trader's close signals. However, if a position was not successfully copied during the opening phase (e.g., due to slippage or insufficient funds), the Trader's close action for that position will not trigger a close for the Copier.