When you use the copy trading features that HUMB Exchange provides, you are agreeing to follow these copy trading terms and conditions. HUMB Exchange is also referred to as HUMB, the Platform, we, us, or our. By using the Copy Trading features, you are saying that you have read, understood, and agreed to these terms as well as our main User Agreement and Risk Disclosure Statement.
1. Introduction to Copy Trading
Copy trading is a feature that HUMB Exchange offers. This feature allows users, also known as copiers, to see what other users, known as lead traders, are doing. Copiers can then choose to copy the trades of these lead traders. HUMB Exchange provides the technology to make this possible. It is only for informational and functional purposes.
2. What Copy Trading Is
- 2.1 You Are in Control: Copy trading is something you can do on your own. You decide whether to start, stop, or pause copying someone's trades.
- 2.2 Not a Managed Portfolio: Copy trading is not the same as having someone manage your investments. HUMB Exchange does not control the trades that are made in your account through this feature.
- 2.3 No Advice: Just because HUMB Exchange offers copy trading, it does not mean we are endorsing any lead trader or their strategy.
3. No Investment Advice from HUMB Exchange
- 3.1 We Do Not Validate: HUMB Exchange does not check if a lead trader's performance or strategy is accurate.
- 3.2 No Recommendations: When you see information about Lead Traders, it is not a recommendation or advice from HUMB Exchange.
- 3.3 You Must Do Your Research: Before you start copying someone's trades, you need to do your own research and make sure it is a good fit for you.
4. Risks of the Market
Virtual digital assets can be very volatile, which means their prices can change a lot and quickly.
- 4.1 Prices Can Fluctuate: Virtual digital assets can be very volatile, which means their prices can change a lot and quickly.
- 4.2 Slippage: Sometimes the price at which your trade is executed might be different from the price the lead trader got.
- 4.3 Delays: There can be delays between when a lead trader makes a trade and when you copy it.
- 4.4 Liquidity Risk: If there are not people buying or selling, it might be hard to make a trade at a good price.
5. No Guarantees of Performance
- 5.1 Past Results Do Not Guarantee Future Success: Just because a lead trader did well in the past does not mean they will do well in the future.
- 5.2 No Profit Guarantees: HUMB Exchange cannot promise that you will make a profit or avoid losing money.
- 5.3 You Could Lose Everything: Copy trading is risky. You could lose all the money you put into it.
6. Your Responsibility
- 6.1 Choose Wisely: You are responsible for choosing which lead traders to copy, based on your risk tolerance and financial goals.
- 6.2 Manage Your Money: You need to decide how much money to allocate to each copy relationship and make sure you have enough to cover any trades.
- 6.3 Monitor Your Account: You need to keep an eye on your account and can stop copying someone or close a trade at any time.
7. Lead Traders Are
- 7.1 Not Employees: Lead Traders are not employees or representatives of HUMB Exchange.
- 7.2 No Fiduciary Duty: Lead traders do not have a duty to act in your interests. They are trading for themselves.
8. Differences in Execution
- 8.1 Different Amounts of Money: If a lead trader has more money than you, they might be able to make trades that you cannot.
- 8.2 Some Assets Might Not Be Available: If you cannot trade an asset in your area, you will not be able to copy a trade that involves that asset.
9. Risks of Automated Trading
- 9.1 Trading Can Happen at Any Time: When you copy someone's trades, it can happen automatically even when you are not watching.
- 9.2 Lead Traders Can Have Losing Streaks: If a lead trader is having a bad period, you will be affected too.
10. HUMB Exchange Is Not Responsible
- 10.1 We Are a Technology Provider: HUMB Exchange is not responsible for what Lead Traders do or how they perform.
- 10.2 We Are Not Liable: HUMB Exchange will not be held responsible for any losses you might have.
11. Following the Rules
- 11.1 You Need to Verify Your Identity: To use copy trading, you need to have completed the HUMB Exchange's Identity Verification process.
- 11.2 You Must Follow Laws: You need to make sure you are allowed to use copy trading in your area.
12. Suspension and Termination
- 12.1 HUMB Exchange Can Suspend or Terminate: We can stop a Lead Trader or copy relationship at any time if we think it is necessary.
- 12.2 We Can Change or Stop the Service: HUMB Exchange can modify, suspend, or stop the copy trading feature at any time.
13. Changes to These Terms
HUMB Exchange can update these terms at any time. If we do, you will be agreeing to the terms if you keep using the copy trading feature.
14. Final Acknowledgement
By using the copy trading feature, you are saying that you understand the risks of digital asset trading and copy trading. You are taking responsibility for any financial outcomes that might happen.