Dear Toobit Users,
We’re excited to introduce the latest feature in Toobit App version 1.7.2: Copy Trading with Zero Slippage. This enhancement ensures that followers can replicate pro traders' actions with greater precision, minimizing trading deviations caused by slippage.
What is Copy Trading with Zero Slippage? Copy Trading with Zero Slippage is a cutting-edge feature that allows followers to execute trades at the same price as pro traders, ensuring accuracy and reducing trading risks. This is made possible by Toobit's advanced matching engine and collaboration with over-the-counter (OTC) market makers.
How to Use the Feature:
- For new followers: Simply select your preferred pro traders on the copy trading page and activate the Zero Slippage option in the settings.
- For existing followers: Go to "My Trades" > "Editing" and enable the Zero Slippage feature.
Understanding Slippage: Slippage occurs when there is a difference between the expected price of a trade and the price at which it is actually executed. This can happen due to market volatility, low liquidity, or delays in order execution. With the "Copy Trading with Zero Slippage" feature, we aim to eliminate these gaps, offering a smoother trading experience.
Fee Structure: Activating Zero Slippage incurs a small fee per perpetual futures order, which will be deducted from your perpetual futures account. This fee is dynamic and adjusts based on market conditions. Users can review fee deductions in their transaction history.
Key Benefits:
- Enhanced Accuracy: Replicate pro traders' actions precisely.
- Reduced Risk: Avoid losses due to slippage.
- Improved Experience: Enjoy smoother and more stable copy trading.
More information, please refer to Copy Trading with Zero Slippage Explained
You can download the latest version of the Toobit App from the app store now and start exploring these new features. Happy trading!