Chapter 4: Binance Trading Rules

Zignaly exchange uses the Binance Broker Program, and as we have mentioned in other opportunities they are sub-accounts within Binance that share exactly the same prices, liquidity, and rules as the original exchange. Only our interface allows us to add all the additional functionalities to make Profit Sharing possible.

Having the same rules as Binance we must respect the limits that the exchange sets for both Futures and Spot. Many traders are not familiar with these limits and it is very common to find related problems because of this.

💡 This article can help you with more insights to avoid possible errors.

In this Article: 

 

Binance Trading Rules for Spot:

You can find all the information in the official article on the Binance website: https://www.binance.com/en/trade-rule

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3 key aspects should be taken into account.

Min Trade Amount Min Order Size Max Market Order

This sets the minimum divisible units of each coin. This is the most frequent mistake that we find among traders who provide services in Spot because when not much capital is used and/or the services do not have so much capital under management, Dust is generated by the payment of commissions, leaving fractions without being able to sell and therefore not accounted for the position.

This causes that some positions that have an Exit Price higher than the Entry Price result in negative results when the position is closed. This leaves a number of coins that are too small to be sold.

In the version of our Profit Sharing, 2.0 will be incorporated the function that will allow to automatically change the Dust of the services, improving the experience of the trader and the users.

It is highly recommended to study the limits of the pairs we are going to use to avoid surprises and anticipate any situation. At least as long as our service does not manage large volumes of funds.

  

Binance Trading Rules for Futures:

You can find all the information in the official article on the Binance website:

https://www.binance.com/en/futures/trading-rules

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Like Spot, Binance Futures also have their own rules that traders must respect.

Min Trade Amount Min Notional Value Max. Market Order / Limit Order Qty
Similar to Spot, this is the minimum number of contracts that can be traded. With the difference that Futures do not generate the Dust that is generated in Spot, since here the currency is not purchased, but a contract that represents the value of the asset.
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