Profit-Sharing is our top method of automated trading, but how secure is it?
This is a very legitimate question to ask before investing any capital.
Let's review a few key points of Profit-Sharing & the layer of protection behind it
In this Article:
- Requires a Zignaly Exchange Account
- Funds are pooled into a separate account
- Trading management
- What if the provider stops his service?
Requires a Zignaly Exchange Account
A Zignaly Exchange account is actually a Binance account (behind the scenes).
Funds are pooled into a separate account
You will find that this balance is not displayed in the top Balance info box. Instead, you can view your allocated balance, and personal accounting for this profit-sharing service, in the dashboard analytics section.
When the trader opens a position with 1% of the capital, it takes 1% of the entire pool. This helps each user to use 1% of their funds regardless of the amount
This allows followers to have open positions under Binance min trading rules.
If it is a single pool with all the capital, can't the trader take my funds?
The safety of our users is our top priority, so it was what we had solved first. A profit-sharing main service account is a sub-account. The trader only has trading permissions, he cannot touch the funds for other reasons. Therefore, the funds are completely safe.
What if the provider stops his service?
There are many different types of trading strategies available on Zignaly. Make sure that you understand what kind of service you are connecting to and the risk involved.
Please note that past performance is not an indicator of future results.
It is a great idea to reach out to the service provider if you have any questions before investing.