Effective as of August 1st, 2026
PLEASE READ THESE COPY TRADING TERMS AND CONDITIONS CAREFULLY. BY ENABLING, ACCESSING OR USING THE COPY TRADING FEATURE, WHETHER AS A LEAD TRADER OR AS A FOLLOWER, YOU AGREE TO BE LEGALLY BOUND BY THESE TERMS.
These Copy Trading Terms and Conditions (the “Copy Trading Terms”) are entered into between You and BITVAL EXCHANGE (“BITVAL”, “We”, or “Us”) and govern Your access to and use of the copy trading functionality made available on the Platform (the “Copy Trading Service”).
These Copy Trading Terms supplement, and form an integral part of, BITVAL’s Terms and Conditions (the “General Terms”) and the Privacy Policy. Capitalised terms used but not defined in these Copy Trading Terms have the meaning given to them in the General Terms. In the event of any conflict between these Copy Trading Terms and the General Terms in relation to the Copy Trading Service, these Copy Trading Terms shall prevail to the extent of the inconsistency.
I. DEFINITIONS
When used with capital letters, the terms listed below have the following meaning:
“Copy Trading Service” means the functionality of the Platform that enables a Follower to automatically replicate, in whole or in part, the trading activity, orders or positions of a Lead Trader, in accordance with parameters selected by the Follower.
“Lead Trader” means a User who elects to make their trading activity available to be copied by Followers through the Copy Trading Service.
“Follower” means a User who elects to copy the trading activity of one or more Lead Traders through the Copy Trading Service.
“Copy Settings” means the parameters selected by a Follower for copying a Lead Trader, including without limitation the amount of Funds allocated, the copy ratio, and any stop-loss, take-profit or maximum-loss limits made available by the Platform.
“Profit Share” means any percentage of a Follower’s net realised profits that may be payable to a Lead Trader in respect of copied trades, as displayed on the Platform.
“Isolated Follower Wallet” means the dedicated sub-account or wallet in which a Follower’s Funds allocated to copying a particular Lead Trader are held and ring-fenced. Each copy relationship is maintained separately, so that the Funds, positions and results of one copy relationship are isolated from, and not affected by, any other copy relationship or the Follower’s other balances.
“Profit Watermark” means the high-water mark mechanism applied to the calculation of Profit Share. A Profit Share applies only to net new realised profits generated above the highest level of realised profit previously reached in a copy relationship. Where losses are incurred, no Profit Share becomes payable until those losses have been recovered and the previous high-water mark has been exceeded.
“Slippage Limit” means the maximum price deviation, as configured by the Follower or applied by the Platform, beyond which a copied Order will not be executed. Where the market price moves beyond the Slippage Limit, a copied Order may be stopped or partially filled, and no position will be opened in respect of the unfilled portion.
II. ELIGIBILITY AND ACCESS
1.1 The Copy Trading Service is available only to Users who hold a valid User Account in good standing and who are not located or resident in a Prohibited Jurisdiction.
1.2 We may, at our sole discretion and without prior notice, restrict, condition or withdraw access to the Copy Trading Service, in whole or in part, for any User, category of Users, or jurisdiction, including where required by applicable law, regulation, sanctions or our internal risk and compliance policies. In particular, the Copy Trading Service or certain of its features may be restricted or unavailable to Users located or resident in the EU.
1.3 You must satisfy any minimum balance, minimum allocation, or other eligibility criteria displayed on the Platform in order to enable and maintain the Copy Trading Service.
III. NATURE OF THE COPY TRADING SERVICE
2.1 The Copy Trading Service is an execution-only, automated tool that enables a Follower to replicate the trading activity of a Lead Trader. When You enable copying of a Lead Trader, You authorise the Platform to automatically place, modify and close Orders and positions in Your User Account that correspond to the trading activity of the selected Lead Trader, in accordance with Your Copy Settings, without seeking Your confirmation for each individual Order.
2.2 The Copy Trading Service does not constitute, and shall not be construed as, investment advice, a personal recommendation, portfolio management, or any solicitation or offer to buy or sell any Virtual Currency. We do not assess the suitability or appropriateness of the Copy Trading Service, of any Lead Trader, or of any copied trade, for You.
2.3 The decision to enable the Copy Trading Service, to select any Lead Trader, to determine Your Copy Settings, and to allocate any Funds, is made solely by You, on Your own initiative, at Your own discretion and at Your own risk.
2.4 We do not endorse, guarantee, recommend or verify the identity, competence, strategy, performance or conduct of any Lead Trader. Any performance information, rankings, statistics or historical returns displayed on the Platform are provided for informational purposes only, may not be independently verified, and are not a reliable indicator of future results.
IV. BECOMING A FOLLOWER; OBLIGATIONS AND ACKNOWLEDGEMENTS
3.1 To use the Copy Trading Service as a Follower, You must: (a) hold a verified User Account in good standing that meets the eligibility criteria in Section II; (b) select one or more Lead Traders made available on the Platform; (c) configure Your Copy Settings, including the amount of Funds You allocate, Your copy ratio, and any Slippage Limit and risk limits made available; and (d) confirm and activate copying. Becoming a Follower does not require Our prior approval and, subject to eligibility and Your Copy Settings, copying begins automatically upon activation.
3.2 Funds You allocate to copy a Lead Trader are held in an Isolated Follower Wallet for that copy relationship. You may add to or reduce Your allocation, adjust Your Copy Settings, or pause or stop copying at any time through the Platform.
3.3 By using the Copy Trading Service as a Follower, You acknowledge and agree that:
(a) copied trades are executed automatically and may occur at any time, including when You are not logged in, and You remain responsible for all Orders, positions, fees and losses arising in Your User Account as a result of copying;
(b) execution of copied trades may differ from the Lead Trader’s own trades due to timing, slippage, available balance, price movement, funding rates, leverage, liquidity, technical latency or Your Copy Settings, and We do not guarantee identical execution or outcomes;
(c) You are responsible for monitoring Your copied positions and for setting and adjusting Your own risk parameters, including any available Slippage Limit, stop-loss or maximum-loss limits, and for ceasing copying at any time; and
(d) all applicable trading fees, funding costs, and any Profit Share displayed on the Platform will apply to Your copied activity.
3.4 You may stop copying a Lead Trader at any time through the Platform. Ceasing to copy may not automatically close positions already opened in Your User Account unless You so elect or as otherwise specified on the Platform; You remain responsible for managing and closing such positions.
V. BECOMING A LEAD TRADER; OBLIGATIONS AND ACKNOWLEDGEMENTS
4.1 Becoming a Lead Trader is subject to eligibility and to Our prior review and approval. Eligible Users may apply through the Copy Trading Service by completing the Lead Trader application.
4.2 As part of the application, You must configure and submit the public terms on which Followers may copy You, including: (a) Your public display name; (b) Your desired Followers cap (the maximum number of Followers permitted to copy You); (c) Your Profit Share percentage, which must be within the minimum and maximum limits made available on the Platform (currently between 1% and 50%); (d) the minimum and maximum follower investment amounts You will accept; (e) a strategy summary describing Your market, leverage, holding time and risk style; and (f) any social media or public profiles You provide for verification. You are responsible for the accuracy of all information You submit, and the strategy summary and public-facing information must not be false, misleading, or contain any guarantee of profit.
4.3 Review may take up to 7 (seven) days, and We may ask You to adjust or amend Your application. In reviewing an application, We may consider Your account standing, trading history, risk discipline, available performance data, the public profiles You provide, and any other factors We consider relevant, and We may request additional information. Approval is granted at Our sole discretion, and We may approve, decline, or approve subject to conditions (including capacity or allocation limits).
4.4 As a condition of acceptance, You must stop following and cease copying every other User that You currently copy before Your application can be approved. While acting as a Lead Trader, You may not simultaneously act as a Follower of another Lead Trader unless expressly permitted by the Platform.
4.5 You acknowledge and agree that, once approved, Your derivatives account will be followed in its entirety. All eligible trading activity in that account will be made available to be copied by Followers, and You may not selectively exclude individual trades from being copied except through the parameters made available on the Platform.
4.6 Once approved, Your eligible trades become available to be copied by Followers up to Your Followers cap, and defined performance statistics relating to Your activity become visible to prospective Followers. Followers may receive partial or skipped entries where their copy limits or Slippage Limit apply, and You acknowledge that copied execution may therefore differ from Your own. We may review, limit, suspend or revoke Lead Trader status at any time based on conduct, performance, risk or compliance considerations.
4.7 You shall not use the Copy Trading Service to engage in any manipulative, deceptive, abusive or fraudulent conduct, including without limitation market manipulation, wash trading, the dissemination of false or misleading information, or any strategy designed to profit at the expense of Followers otherwise than through bona fide trading.
4.8 You shall not make, publish or imply any guarantee of profit or any misleading statement concerning Your performance, strategy or the Copy Trading Service, whether on or off the Platform, including in Your strategy summary or on any linked social media profile.
4.9 A Profit Share (also referred to as Profit Share), where applicable, shall be calculated and settled as displayed on the Platform, subject to the Profit Watermark. We may withhold, adjust or reverse any Profit Share where we reasonably suspect breach of these Copy Trading Terms, the Platform Rules, or applicable law.
VI. FEES, PROFIT SHARE AND SETTLEMENT
5.1 The fees applicable to the Copy Trading Service, including trading fees, funding costs and any Profit Share, are those displayed on the Platform from time to time. Any Estimated Fee displayed is provided for informational purposes only and is not binding, as set out in the General Terms.
5.2 Any Profit Share payable to a Lead Trader is calculated on net realized profits and is subject to the Profit Watermark. No Profit Share is payable on profits that merely recover previous losses; a Profit Share accrues only on net new realized profits above the previous high-water mark of the relevant copy relationship.
5.3 We may introduce, vary or remove fees applicable to the Copy Trading Service at our discretion, in accordance with the General Terms. By continuing to use the Copy Trading Service after any change takes effect, You accept the revised fees.
VII. RISK DISCLOSURE AND ACKNOWLEDGEMENT
6.1 You acknowledge and accept that trading in Virtual Currencies, including through the Copy Trading Service and in respect of leveraged products such as margin and futures, involves a high degree of risk, is highly volatile, and may result in the partial or total loss of Your Funds. You should not allocate Funds to the Copy Trading Service that You cannot afford to lose.
6.2 Past performance of any Lead Trader is not indicative of future results. Copying a Lead Trader does not reduce, and may increase, the risks of trading, including because copied leveraged positions may be liquidated.
6.3 You are solely responsible for evaluating the merits and risks of using the Copy Trading Service and of copying any particular Lead Trader. You confirm that any decision to use the Copy Trading Service is taken on Your own initiative and independent judgement.
VIII. LIMITATION OF LIABILITY
7.1 To the maximum extent permitted by applicable law, We shall not be liable for any loss, damage, cost or expense arising out of or in connection with the Copy Trading Service, including without limitation: (a) the acts, omissions, strategy, performance or conduct of any Lead Trader; (b) the selection by a Follower of any Lead Trader or Copy Settings; (c) differences between a Lead Trader’s trades and copied trades, including as to timing, price, slippage or execution; (d) liquidation of copied positions; (e) any interruption, delay, latency, error or unavailability of the Copy Trading Service; or (f) any decision made by You in reliance on performance data displayed on the Platform.
7.2 Nothing in these Copy Trading Terms excludes or limits any liability that cannot be excluded or limited under applicable law. The limitations and exclusions of liability, and the indemnity, set out in the General Terms apply equally to the Copy Trading Service and are incorporated herein by reference.
IX. SUSPENSION, MODIFICATION AND TERMINATION
8.1 We may, at our sole discretion and without prior notice, suspend, modify, limit or discontinue the Copy Trading Service, any Lead Trader’s participation, or any User’s access to the Copy Trading Service, in whole or in part, including where required by law, regulation or our risk and compliance policies, or where we reasonably suspect a breach of these Copy Trading Terms or the Platform Rules.
8.2 We may automatically pause or cease copying, and take reasonable steps in respect of open copied positions, where a Lead Trader ceases activity, where risk thresholds are breached, or where the Copy Trading Service is suspended or withdrawn.
8.3 Suspension, modification or termination of the Copy Trading Service shall not affect any rights or obligations accrued prior to such action, including any fees, Profit Share or losses attributable to copied activity.
X. GENERAL
9.1 These Copy Trading Terms shall be governed by and construed in accordance with the laws of Panama, without regard to its conflict of law provisions, consistent with the General Terms. Any dispute arising out of or in connection with the Copy Trading Service shall be resolved in accordance with the dispute resolution provisions of the General Terms.
9.2 If any provision of these Copy Trading Terms is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. Our failure to enforce any provision shall not constitute a waiver of that provision.
9.3 We may update or amend these Copy Trading Terms from time to time in accordance with the amendment provisions of the General Terms. The current version will be published on the Platform, and Your continued use of the Copy Trading Service after the effective date of any change constitutes acceptance of the amended Copy Trading Terms.
9.4 These Copy Trading Terms, together with the General Terms, the Privacy Policy and the Platform Rules, constitute the entire agreement between You and Us in relation to the Copy Trading Service.
