These Terms of Use (“Lead Copy-Trader Terms”) govern your participation as a Lead Trader in the Copy Trading Service (“Service”) offered by BloFin.com (“BloFin”, “we”, “us”). By applying to become a Lead Trader and using the Service, you have read, understood, and agree to be legally bound by these Lead Copy-Trader Terms, including any revisions as may be published by us at any time and from time to time. You acknowledge that you have also read and understood any additional documents or terms referred to or incorporated into these Lead Copy-Trader Terms. If you do not understand and accept these Lead Copy-Trader Terms in their entirety, you should cease to apply as a Lead Trader (as defined below). These Lead Copy-Trader Terms are supplemental to and shall be read together with our Terms of Use (the “Terms of Use”) and BloFin Copy Trading Service Agreement available online athttps://support.blofin.com/hc/en-us/articles/7038589148431-Blofin-Copy-Trading-Service-Agreement. All terms and clauses contained in the Terms of Use are incorporated by reference unless expressed otherwise. In the event of any conflict or inconsistency between these terms, the order of precedence shall be first the Lead Copy-Trader Terms, the BloFin Copy Trading Service Agreement and then the Terms of Use. By accepting these Lead Copy-Trader Terms, you confirm that you fully understand and unconditionally accept any and all risks associated with your participation in the Copy Trading Service. BloFin shall not be liable for any associated risks or adverse outcomes.

 

 

 

3.1 Complete BloFin’s application process, including providing accurate information for review and approval. Approval is at BloFin’s sole discretion and may involve a Suitability Assessment.

 

3.2 BloFin will review your application based on internal policies, including performance thresholds (e.g., minimum assets under management, win rate, or historical returns).

 

3.3 Upon approval, you may process the trading at the normal interface of the BloFin Platform. If there is any order or trade which is placed after the Lead Trader attaining his/her Lead Trader qualification, any completion of such an order or trade shall trigger a notification sent to any user who has subscribed to Copy Trading Services and chosen to copy or follow the order or trade initiated by the respective Lead Trader, and the user can then copy or follow the order or trade at the market value available to him/her.

 

3.4 A Lead Trader can access the records of his/her orders and/or trades which have been copied or followed by other user(s) under the Copy Trading Services at the designated portal of the BloFin Platform.

 

3.5 The designated portal for the Copy Trading Services can show all the orders and transactions happened in a Lead Trader’s account in detail or as a summary. On the BloFin Platform, a Lead Trader can access details of every order or trade, and a brief summary of all the orders and/or trades.

 

3.6 Upon commencing his/her trading as a Lead Trader, the Lead Trader pre-set the limits of gains or losses for every order or trade to be conducted. To ensure the quality of any order or trade to be copied or followed, regardless of whether there shall be a gain or loss, or no gain or loss, recorded, a Lead Trader is restricted from arbitrarily choosing the market value, and the quantity to be transacted shall be capped at the maximum value of the Digital Assets available at his/her account for the order or trade.

 

3.7 A Lead Trader shall have certain restrictions on trading its Digital Assets when his/her activities have been designated to be copied or followed by other users.

 

3.8 A Lead Trader has to strictly follow the requirements imposed by BloFin on any order or trade to be copied under the Copy Trading Services.

 

3.9 A Lead Trader shall not simultaneously act as both a Lead Trader and a Follower under the Copy Trading Services and may participate only in one such capacity at any given time.

 

BloFin sets up a profit sharing scheme to incentivize Lead Traders. A Lead Trader obtains a certain percentage of profit sharing from any user subscribing to Copy Trading Services who copy(ies) or follow(s) the Lead Trader's order or trade. Any user who copies or follows such order or trade of a Lead Trader shall be obliged to share certain percentage of his/her gain obtained from such copied or followed order or trade with the Lead Trader.

 

5.1 Responsibilities

 

5.2 Choosing to become a Lead Trader is a user's personal choice, and does not constitute a contractual relationship between a Lead Trader and BloFin as neither employees, partners, intermediaries, contractors, etc. Lead Trader understands and confirms that he/she bears all the liabilities, responsibilities and risks that may be involved in becoming a Lead Trader and BloFin does not assume any liability, responsibility, loss, and damages, whether as a direct or indirect consequence as a result of any behaviour of any Lead Trader.

 

5.3 Lead Trader agrees to abide by all applicable laws and regulations of any applicable jurisdiction. Lead Trader shall bear all the corresponding liabilities and responsibilities for their actions as a Lead Trader on BloFin Platform. In addition, a Lead Trader undertakes not to violate the legal rights and interests of any user or any other third party. If BloFin suffers any loss or damage, regardless whether it being direct, indirect, special, consequential in nature, due to any behaviour of any Lead Trader, BloFin has the sole and absolute right to claim against the Lead Trader through any legal or other means.

 

Any order that results in a loss for 7 consecutive days and exceeds 30% is determined to be a carry order; Should the proportion of users who are forced to liquidate exceeds a certain percentage out of the total users who follow the corresponding orders, as determined by BloFin from time to time, the order may be determined as a carry order.

If a Lead Trader with orders frequently opens positions, reaches the maximum number of orders per day for 7 consecutive days, and the transactions result in no obvious profit, and the number of users who copy orders reaches a certain proportion, BloFin may determine such circumstances to be fee-swiping behaviour.

If the Follower of a Lead Trader with a single trade always had a low income, but received more profit, BloFin will intervene in the screening and may determine that the user maliciously obtains the profit.

If a Lead Trader or Follower commits the aforesaid violations, depending on the seriousness of the circumstances, BloFin may, under its absolute sole discretion, assert certain penalties against him/her including, but not limited to, account foreclosure, order withdrawal, freezing of related funds, and restitution of illegally obtained funds.

 

6.1 Trades are executed at market prices and may be subject to slippage, latency, or minimum order sizes.

6.2 BloFin may cancel, roll back, or close trades if they pose risks, involve fraud, or violate rules.

6.3 BloFin may, under its absolute sole discretion, assert certain penalties against him/her including, but not limited to, account foreclosure, order withdrawal, freezing of related funds, and restitution of illegally obtained funds.

6.4 Certain assets or trading pairs may be restricted during copy trading.

 

 

7.2 We will take reasonable steps to monitor the performance of every Lead Trader under these Lead Copy-Trader Terms, as well as the performance of the different trading strategies under the Lead Copy-Trader Terms. We reserve the right to suspend, terminate, or disable, including without limitation: (a) any Lead Trader from being followed under the Lead Copy-Trader Terms; and (b) any trading strategy from being followed under the Lead Copy-Trader Terms. In these cases, any open trades entered into as a result of Lead Copy-Trader Terms or arising therefrom will be closed.

 

7.3 In the event your Lead Trader status is terminated, BloFin may, at our sole discretion, impose penalties on you, including, but not limited to, account foreclosure, order withdrawal, freezing of related funds, and restitution of illegally obtained funds for any reason whatsoever.

 

7.4 We reserve the right to terminate the Lead Copy-Trader Terms at our absolute sole discretion, including without limitation, if you no longer meet the criteria to be classified as a Lead Trader and we feel that you are no longer appropriate to participate in the Lead Copy-Trader Terms, or it is not feasible to let you be a Lead Trader as a result of any Applicable Laws.

 

7.5 On termination of the Copy Trading Services, open trades entered into as a result of the Copy Trading Services will be closed.

 

7.6 If BloFin announces the early termination of these Lead Copy-Trader Terms, we shall use our best endeavour to notify you, but we are not under any obligations to do so.

 

8.1 You shall take each and every possible step to protect BloFin and its affiliates from any damages or Losses arising from your use of the Service or other actions related to your BloFin account; otherwise you shall be liable to BloFin for any and all Losses.

 

8.2 You hereby agree to release BloFin and its affiliates from liability for any and all Losses, and you hereby agree to defend, indemnify and hold BloFin and its affiliates harmless from any claim or demand (including reasonable legal fees) made or incurred by any third party against BloFin arising from or arising out of your breach of these Lead Copy-Trader Terms, your improper use of this Service, your violation of any laws or regulations of applicable jurisdiction(s) or the rights of a third party and/or the actions or inactions of any third party to whom you may grant permission to use your BloFin account or access our website, software, and/or system for BloFin (including any network and servers used to provide any of this Service) operated by us or on our behalf, or any of these Services on your behalf.

 

The Lead Trader acknowledges and agrees that no information provided by BloFin, notwithstanding whether included in these Lead Copy-Trader Terms or any other document or statement, shall be deemed as business, legal, financial or tax advice. The Lead Trader may and should consult their own business, legal, financial or tax advisers regarding especially, inter alia, the Lead Trader’s particular opportunities, risks, obligations or further costs arising from the reception of and in connection with Digital Assets under this Service. BloFin is not your broker, dealer, agent or consultant. The Lead Trader acknowledges and agrees that for any transactions or other decisions or activities through which you use any BloFin Services, BloFin does not have a fiduciary relationship with or fiduciary duty towards you. No communication or information provided by BloFin to you, notwithstanding whether included in these Terms or any other document or statement, shall be deemed, considered or interpreted as investment, business, legal, financial, tax, trading, or any other type of advice. You shall determine whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial condition and risk tolerance, and you shall be solely responsible for any and all Losses or liabilities. You should consult your own business, legal, financial or tax advisors regarding especially, inter alia, your particular opportunities, risks, obligations or further costs arising from using this Service. BloFin does not make any recommendations to you regarding whether to buy, acquire, sell, transfer or hold any Digital Assets. Before making a decision to buy, sell, transfer or hold any Digital Assets, you shall conduct due diligence and consult your financial advisor. BloFin shall not be responsible for your decision to buy, sell, transfer or hold digital assets based on the information provided by BloFin.

 

Any links of third-party websites in BloFin Services do not mean that BloFin endorses any products, services, information and disclaimers provided therein, and BloFin does not guarantee the accuracy of the information contained therein. BloFin shall not be liable for any losses caused by your use of such third-party products and services. In addition, BloFin has no control over the terms or privacy policies of third-party websites. If you use this Service, you acknowledge and agree that you know, understand and agree to all the terms of service, privacy policy (or policies) and relevant transactional and operational rules (as amended from time to time) of the third-party websites. BloFin and each third-party website are independent legal entities, and this Agreement shall not constitute any form of agency, partnership or cooperative relationship between the parties. BloFin and each third-party websites shall be responsible for their respective claims, debts and disputes arising from the performance of their respective contracts and agreements.

 

11.1 This agreement shall be governed by, and construed in accordance with, the laws of England and Wales.

 

11.2 You acknowledge and agree that in the event of any dispute, controversy, difference or claim, including the existence, validity, interpretation, performance, breach or termination of this Lead Copy-Trader Terms or any dispute arising out of or relating to this Lead Copy-Trader Terms (“Dispute”), the parties shall first refer the Dispute to proceedings at the Hong Kong International Arbitration Centre (“HKIAC”) under the HKIAC Administered Arbitration Rules in force when the Notice of Arbitration is submitted. The law of this arbitration clause shall be Hong Kong law. The seat of arbitration shall be Hong Kong.

 

If the Dispute has not been settled upon the signing of a settlement agreement within ninety (90) days following the filing of a request for mediation, such Dispute shall be referred to and finally resolved by arbitration administered by the HKIAC under the HKIAC Administered Arbitration Rules in force when the notice of arbitration is submitted. The law of this arbitration clause shall be the laws of the Hong Kong Special Administrative Region of People’s Republic of China (“Hong Kong”).

 

The number of arbitrators shall be one, who shall be jointly appointed by the parties. If both Parties fail to agree on the appointment of the arbitrator within 2 months of the date of the Notice of Arbitration, then HKIAC shall appoint an arbitrator for the purpose of this clause. The arbitration proceedings shall be conducted in English.

 

You agree that BloFin shall not be required to give general discovery of documents, but may be required only to produce specific, identified documents which are relevant and material to the outcome of the Dispute.

 

Any arbitral award shall be final and binding upon the parties hereto and shall be enforceable in any competent court which has jurisdiction.

 

The parties shall bear their own attorneys’ fees and costs of arbitration unless otherwise ordered by the arbitrator. The parties shall share the arbitrator fees and expenses equally.

 

12.1 BloFin reserves the right to unilaterally modify these Terms (including the aforementioned contents) if necessary. Such modification may happen at any time without prior notice. If any changes are made, the revised contents may be posted on the BloFin's website or other application of the Platform. Please regularly check the latest information posted therein to inform yourself of any changes. Your continued use of or access to the Service following the posting of any changes constitutes acceptance of those changes. If you do not accept the revised content, please stop using the Services.

 

12.2 You shall carefully read this these Terms and applicable Legal Documents. If there is anything that you do not understand in these Terms and/or any document referred to herein, you should contact BloFin and seek clarification. Unless otherwise instructed by BloFin, any formal communication and document transfer between you and BloFin shall be undertaken through email. You may also be able to contact BloFin though online customer service portal as a form of informal communication. Any formal communication between you and BloFin should, unless otherwise agreed, be made in the English language. In the event of any discrepancy between the communication in English and that in a foreign language, the English version shall prevail. In the event of any discrepancy between any formal and/or informal communications and the Agreement, the Agreement shall prevail. Please address emails to “BloFin” at the following email: [email protected]

 

12.3 If any provision of these Terms is held by a judicial body with competent jurisdiction to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not be affected or impaired in any way. However, if any provisions of these Terms shall be invalid, illegal or unenforceable under any such applicable law in any jurisdiction, it shall, as to such jurisdiction, be deemed modified to conform to the minimum requirements of such law, or if for any reason it is not deemed so modified, it shall be invalid, illegal or unenforceable only to the extent of such invalidity, illegality or limitation on enforceability without affecting the remaining provisions of these Terms, or the validity, legality or enforceability of such provision in any other jurisdiction.

  

12.4 No failure or delay by BloFin in exercising any right, power or remedy it is entitled to under these Terms or by stipulation of law or regulation shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise of such rights, power or remedies. 

 

12.5 BloFin has the sole and final discretion of interpretation of these Terms.