Profit-Sharing is our top method of automated trading that allows you to copy expert traders & receive 100% identical results.
The Profit-Sharing method has benefits over regular copy-trading; you will only pay a success fee when you have reached new profitable highs on these positions.
In this Article:
❗ Before connecting to a Profit-Sharing service, please be sure to review: Understanding Profit Sharing
Add funds to your account
There are two ways to funds your Zignaly Exchange Account; by sending your funds from an exchange or crypto wallet or Purchasing Crypto through Changelly (a third-party provider).
To send your funds from your current exchange or crypto wallet, select My Exchange Account, then click on the Deposit button.
Select the coin you wish to deposit to Zignaly.
Make sure you have the correct network selected for this coin.
This will generate an address for you for this specific coin. It will be your personal address to deposit any of these coins (ex. USDT) into your Zignaly exchange account.
Proceed to your previously established wallet or exchange account.
Follow their guidelines to withdraw your coin.
Enter your generated Zignaly address for this coin and network into their 'send to' specifications.
Now you are ready to connect to a Profit-Sharing service & start trading!
Check out this article for more detailed steps of depositing funds into your account: Zignaly Deposit
Connect to a Profit-Sharing Service
Tips when choosing a Profit-Sharing Service:
Look at long-term statistics, a trader that has shown continuous results.
How informative are they on their trader profile page? Do they provide details of their strategy, why it succeeds, what drawdown is to be expected?
Have they provided updates on their Zignaly 'feed' section or have an active community (discord, telegram)
Does this strategy fit with what you are looking for? Some prefer more conservative strategies, and others are more open to high-risk/reward strategies.
Take a look at the Profit-Sharing marketplace to view all available Profit-Sharing Services.
Choose a Profit-Sharing trader.
You will see the trader's success fee on the trader box if they are trading Spot or futures & previous return results.
*Previous results do not guarantee future performance
Click VIEW TRADER to open their profile page.
Select ‘Copy this Trader.’
Allocate your funds Enter the amount you wish to allocate from your balance *This amount will be locked into the profit-sharing service
Be sure that:
Your Zignaly exchange account has the funds needed to cover this allocated amount.
Your available fund is the same as the trading quote (USDT/BTC/BUSD/ETH)
Choose if you would like to Withdraw or Reinvest the profits.
(losses are always "reinvested")
Reinvest this into your allocated amount OR Withdraw this amount from this Copytrading service back into your Zignaly exchange as available funds
Confirm your understanding that this amount will be locked into this Profit-Sharing service.
Confirm your understanding that when disconnecting, You will only be able to withdraw your investment once the trader closes all open positions. More information here.
Risk: In the case of futures accounts, the capital not used in the positions acts as Margin and is the collateral asset of the leverage used in each position. This means that your funds could be lost in their entirety even if you are not yet participating in any trade & if the service becomes liquidated.This only affects strategies that use leverage, and that at the time you connect to the service have committed positions with high drawdown levels.See this article, for more information about liquidations and margins.
Confirm your understanding of this risk.
Select ‘Transfer Funds’
🏁 That's it! Just wait for the next position to be opened by your Profit-Sharing trader 😉
New positions will appear on your dashboard. Select 'Analytics' to view your accounting details
If you would like to know more about the analytics in Profit Sharing, take a look at this video: