Master Trader Specific Terms

Last Updated: 26 February 2026

These Master Trader Specific Terms (“Master Trader Specific Terms”) shall apply to all users participating as Master Trader in the Copy Trading Services available on the Trading Platform. 

All capitalised terms and references used in these Master Trading Terms that are defined and construed in the Flipster Terms of Use (the “Terms of Use”) but are not defined or construed in these Master Trading Terms shall have the same meaning and construction in the Terms of Use. For the avoidance of doubt, where a term is defined in the Terms of Use and in these Master Trading Terms, the definition provided in these Master Trading Terms shall (for the purposes of these Master Trading Terms only) apply. 

The terms in these Master Trading Terms shall be supplemental to and are to be read together with the relevant application form submitted by you to us in requesting to participate as a Master Trader (“Application Form”), Terms of Use and Copy Trading Specific Terms. In the event of any conflict or inconsistency between the terms in these Master Trading Terms, Terms of Use, Application Form, or Copy Trading Specific Terms, the terms in these Master Trading Terms shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise.

Unless otherwise expressly agreed by us in writing, this version of these Master Trader Specific Terms shall replace and supersede all previous versions of these Master Trader Specific Terms that may have been accepted by you or otherwise made available on the Trading Platform. 

By applying for, or continuing to act as, a Master Trader, you acknowledge that you have read, understood, and agreed to be bound by these Master Trader Specific Terms, Terms of Use, Copy Trading Specific Terms, and other applicable policies on the Trading Platform. 

General Risk Disclosure

Our Trading Platform provides access to Derivatives on cryptocurrencies. Futures are leveraged products which are complex and may not be suitable for inexperienced investors. Please also refer to clause 20 of our Terms of Use for full disclosure on all the risks related to the use of the Trading Platform.

  1. Definitions and Interpretation

1.1 The following definitions are applicable to the terms of these Master Trading Terms:

  • “Fee Rate” means any percentage rate applicable to Profit Share, Fee Commission, or other benefits, as determined by us from time to time and recorded in our systems. 

  • “Master Trader” means a user whose trading activities may be followed or copied by other users (“Copiers”) through their usage of our Services.

1.2. The headings of each provision in these Master Trading Terms are inserted for convenience only and shall not affect the construction of these Master Trading Terms. Expressions in the singular form shall include the plural and vice versa, and all references to the masculine genders shall include the female and neuter genders and vice versa.

1.3. The words “include” or “including” shall be deemed to be followed by “without limitation” or “but not limited to” whether or not they are followed by such phrases or words of like import, and “otherwise” shall not be construed as limited by words with which it is associated.

2. Eligibility and Ongoing Requirements

2.1. To be eligible to participate and continue participating as a Master Trader, you must first complete and submit the Application Form, which must be approved by us. Upon approval of your participation as a Master Trader, you must, at all times: 

2.1.1. be an existing user of our Trading Platform who has successfully completed all applicable KYC and verification requirements; 

2.1.2. use the Copy Trading Services in compliance with these Master Trader Specific Terms, Copy Trading Specific Terms, and the Terms of Use; and 

2.1.3. satisfy the ongoing performance and compliance considerations set out in this Clause 2.

2.2. Without creating any guarantee or entitlement, we may, as part of our ongoing review of your suitability to act as a Master Trader, take into account whether you have, over any rolling 30-day period: 

2.2.1. maintained a net positive return on investment (“ROI”), calculated as ROI = (Total Profit and Loss / Peak Capital) x 100%, as determined by Flipster; and 

2.2.2. achieved a turnover rate of at least 100x, calculated as Turnover Rate = (Total Trading Volume / Peak Capital), where Peak Capital means the highest Master account balance during the period, as determined by Flipster.

2.3. All calculations of Total Profit and Loss, Peak Capital, ROI, turnover, fees, profits, Fee Rates, and related metrics shall be made by Flipster, and such calculations shall be final and binding in the absence of manifest error. 

2.4. The rolling 30-day assessment periods described above shall commence immediately upon your onboarding as a Master Trader. 

2.5. We reserve the right to amend, supplement, modify, or replace the eligibility criteria and performance considerations set out in this Clause 2 at any time, with or without prior notice. Where reasonably practicable, we will endeavour to provide advance notice of material changes to you. 

3. Benefits and Commercial Entitlements 

3.1. Subject to your continued compliance with these Master Trader Specific Terms and any applicable requirements, you may be eligible for the following benefits:

3.1.1. Profit Share: You may receive a profit share calculated as a percentage of your followers’ net profits from copy trades executed by copying you, calculated using a high watermark methodology and paid weekly in USDT. The applicable percentage shall be the Fee Rate as determined by us from time to time.  

3.1.2. Fee Commission: You may receive a commission calculated as a percentage of your followers’ net trading fees attributable to copy trades executed by copying you, paid weekly in USDT. The applicable percentage shall be the Fee Rate as determined by us from time to time. 

3.1.3. Your profile and trading performance/metrics may be displayed on our Trading Platform and featured in campaigns or promotional materials, subject to our discretion. 

3.2. Benefits, including any Fee Rate, are not guaranteed and may vary depending on performance, follower activity, market conditions, and other factors. 

3.3. Flipster reserves the right to amend, reduce, suspend, or remove any Benefits at any time, with or without prior notice. Where reasonably practicable, we will endeavour to provide advance notice of material changes to you.

3.4. Any percentage rates, rewards, benefits, profit share, fee commission, or similar information displayed on the Trading Platform, marketing materials, or any public interface are indicative only and may not reflect the Fee Rate at any given time. The Fee Rate shall be determined solely by us and will be recorded in our systems. 

3.5. We may, at our sole discretion and at any time, impose, adjust, cap, or override the Fee Rate, whether on a general or individual basis, with or without prior notice. 

4. Profit Share Calculation

4.1. Profit share is calculated on a per follower, per Master Trader basis using a high watermark mechanism and the Fee Rate determined by us and recorded in our systems in effect at the time of relevant calculation, as recorded in our systems. Under this mechanism: 

4.1.1. any profit share is payable only on net profits that exceed a Copier’s prior highest cumulative net profit achieved while copying you; 

4.1.2. losses or drawdowns below a prior high watermark do not generate negative profit share or clawback of previously paid profit share, subject to Clause 4.3 below. 

4.2. An illustrative example is set out below (for reference only):

4.2.1. Week 1: A Copier earns net profits of 500 USDT. The high watermark is 500 USDT. Profit share payable: Fee Rate (for illustration purposes only, 15%) x 500 = 75 USDT. 

4.2.2. Week 2: The Copier’s cumulative net profit is now 400 USDT. No profit share is payable as the high watermark from Week 1 has not been exceeded.  

4.2.3. Week 3: The Copier’s cumulative net profit increases to 800 USDT. The high watermark increases by 300 USDT. Profit share payable: 15% x 300 = 45 USDT. 

4.3. All rewards remain subject to adjustment, withholding, or clawback in the event of fraud, abuse, error, market manipulation, system malfunction, or breach of these Terms.

4.4. In the event that at the time of settlement of profit share or rewards, a Copier’s account is closed, frozen, suspended, restricted, or otherwise inaccessible, or has insufficient balance from which to deduct the whole of the relevant rewards amount that such Master Trader is eligible for, the distribution of the relevant rewards to such Master Trader shall be at our sole discretion.  

4.5. You shall not enter into any arrangement with Copiers or third parties for payment, fees, rebates, or compensation outside the Trading Platform in connection with your activities as Master Trader, including for the provision of signals, or copy trading strategies and services.

4.6. The Fee Rate used for any calculation shall be determined by us in our sole discretion and shall be final and binding in the absence of manifest error. 

4.7. Notwithstanding the foregoing, we reserve the right to correct any calculation, including any Fee Rate applied, in the event of any system error, technical issue, or manifest error, including by making retroactive adjustments to any Profit Share, Fee Commission, or other rewards. 

5. Nature of Relationship

5.1. You, as a Master Trader, acknowledge and accept that:

5.1.1. Your status as a Master Trader does not create an employment, agency, partnership or other fiduciary relationship with us; 

5.1.2. You shall bear all responsibilities, risks and liabilities for their trading activities, and we assume no responsibility for your decisions or performance; and 

5.1.3. You are not acting as a licensed or regulated investment adviser, portfolio manager, asset manager, or financial professional in connection with our Services. Nothing in these Master Trader Specific Terms shall be construed as authorising you to provide regulated financial advice or investment services.  

5.2. Only users who have applied to participate as a Master Trader and who are expressly selected and approved by us in our sole discretion shall be eligible to act as Master Traders on the Trading Platform. 

5.3. Acceptance as a Master Trader shall be effective only upon our issuance of a written notification sent to the email address registered to your Account. For the avoidance of doubt, no approval, representation, or confirmation communication through any other channel or medium shall be valid or binding. 

5.4. Submission of an application, satisfaction of any stated eligibility criteria, or any prior communications with us do not constitute or imply acceptance. We are under no obligation to approve any application, and approval shall not be deemed granted unless and until you have received the written email confirmation described above. 

5.5. We reserve the right, at our sole discretion and at any time, to increase, decrease, suspend, or otherwise modify the number of Master Traders participating on our Trading Platform, and further reserve the right to admit, restrict, suspend, or remove any Master Trader accordingly. You acknowledge and agree that you have no expectation of continuity, renewal, minimum term, or ongoing participation as a Master Trader, and that your status may be modified or withdrawn at any time in accordance with these Master Trader Specific Terms. 

5.6. You acknowledge and agree that any promotion, communication, or disclosure of your status as a Master Trader to your own audience, community, or other third parties is undertaken solely at your own initiative and discretion. Such activity shall not be deemed to be conducted on our behalf pursuant to any incentive, arrangement or coordination with us, or as part of any joint marketing, co-branding, referral or promotional programme on the Trading Platform. Nothing in these Master Trader Specific Terms creates or shall be deemed to create any agency, partnership, joint venture, representative, or similar relationship between you and us. 

5.7. You are solely responsible for ensuring that any promotion, endorsement, referral, solicitation or other communications relating to your Master Trader Status or the Trading Platform complies with all applicable laws, regulation and regulatory guidance in each jurisdiction in which such activity is accessible or directed, including any rules governing financial promotions, influencer marketing, paid endorsements, advertising, consumer protection, and disclosure of commercial relationships. Without limiting the above, you shall not represent that you are authorised to provide regulated financial or investment advice or services, nor imply that any promotion is made on our behalf or with our approval. 

5.8. Without prejudice to any other rights and remedies, any breach of this clause may result in the restriction, suspension, or termination of your Master Trader status and any related privileges in accordance with these Master Trader Specific Terms.

6. Conduct and Compliance Obligations

6.1. You must act in good faith, must not make false or misleading promotional statements or guarantees of profit, and must comply with applicable laws, these Master Trading Terms and the Terms of Use. 

6.2. You acknowledge that the Trading Platform may apply monitoring, restrictions, suspension or termination of Master Trader status if you engage in prohibited, abusive, deceptive or manipulative behaviour (e.g., carry-forward losses beyond set thresholds, cross-account trading, inflating results, excessive leverage abuse, and coordinated manipulation). 

6.3. You shall not promote, market, or solicit our Services in any jurisdiction where copy trading, signal provision, portfolio management, or similar activities require licensing or regulatory approval unless such requirements have been satisfied. You are solely responsible for ensuring that your communications and promotions comply with all applicable financial promotion, advertising, and consumer protection laws in the jurisdictions where your communications and promotions are published.

6.4. You must promptly disclose to us any actual or potential conflict of interest, including trading on behalf of third parties, operating managed accounts, or receiving any direct or indirect remuneration that could reasonably be expected to influence your trading behaviour or representations to Copiers. 

7. Trading Restrictions

7.1. Master Traders may have certain trading restrictions imposed on digital assets in their Account when copy trading is enabled.

7.2. We may establish minimum eligibility, performance, drawdown, leverage, or risk-management thresholds as conditions for obtaining or retaining your Master Trader status. Failure to meet such thresholds may result in restriction, suspension, or termination of your participation in our Services. 

8. Prohibited Conduct

8.1. Master Traders further acknowledge and accept that the following are strictly prohibited and shall constitute a material breach of these Master Trading Terms:

8.1.1. Manipulative or Misleading Conduct: You shall not engage in any manipulative, deceptive, or abusive trading activity, including but not limited to wash trading, cross-account trading, or other practices intended to artificially inflate trading volume, profit, or ranking metrics; inflate or misrepresent performance indicators such as rate of return, win rate, or turnover rate through non-genuine transactions or repeated position openings and closings without legitimate purpose; or conduct trading activities for external motives unrelated to genuine market strategy, including coordinated trading or trading intended to influence referral, bonus, or promotional programs.

8.1.2. Misrepresentation or False Promotion: You shall not make, publish or disseminate any false, misleading or exaggerated statements regarding trading results, performance or profit potential; promise, guarantee or imply fixed, stable, or risk-free profits to attract Copiers; represent, directly or indirectly, any trading strategy or content as investment or financial advice, whether on or outside the Trading Platform; or make any representation to Copiers regarding Fee Rates, fees, or rewards that is inconsistent with the information displayed on the Trading Platform.

8.1.3. Improper Use of Trading Platform: You shall not operate, control or otherwise use multiple accounts to manipulate exposure, rewards or follower metrics; engage in any form of self-copying or mutual copying between Master Traders that results in artificial or circular trades; or abuse any referral, rebate or incentive mechanism provided by the Trading Platform to create non-genuine trading activity or distort performance results.

8.1.4. Communication and Representation: You shall not use usernames, nicknames or profile descriptions that contain personally identifiable information, contact details, or any content that could be construed as investment or financial advice; share, publish or promote trading results, profit data or other copy trading information in unofficial channels (including Telegram, Discord or other social media) without our prior written approval; or make any statement or representation, publicly or privately, that may mislead users or adversely affect the goodwill or reputation of us, our affiliates or the Trading Platform.

8.1.5. Trading Conduct and Risk Management: You shall manage open positions responsibly and shall not maintain positions where unrealised losses exceed thirty percent (30%) for seven (7) consecutive days without taking appropriate risk-mitigation actions; shall not withdraw all or a substantial portion of their available balance immediately after opening significant positions where such action may increase liquidation risk to Copiers; shall not trade any restricted, unsupported or prohibited digital assets under the Copy Trading Service; and shall not attempt to circumvent, manipulate or interfere with the Trading Platform’s risk management systems, leverage limits or order constraints, including through the use of APIs, automated tools or similar mechanisms.

8.1.6. External Relationships. You shall not enter into any external arrangement with Copiers for account management, strategy replication, compensation, or advisory services relating to trades executed by you on the Trading Platform. 

9. Confidentiality

9.1. You shall keep any Confidential Information strictly confidential and shall not use it except for purposes of participating as a Master Trader.

9.2. “Confidential Information” means these Master Trader Specific Terms, your performance metrics (unless used by us in accordance with Clause 12 below), rewards structure, any non-public information, or any information which is indicated to be confidential information disclosed to you in connection with the Copy Trading Services or in your capacity as a Master Trader. 

10. Audit, Monitoring, and Data

10.1. You acknowledge that the Trading Platform may audit, inspect, review, or analyse your trading activity, account relationships, and published communications (if any) relating to your usage of our Services. We may further require you to provide information or explanations reasonably necessary for compliance, risk management, internal investigations, or in response to regulatory inquiries. 

11. Enforcement and Remedies

11.1. We reserve the sole discretion and right to suspend, disqualify or permanently terminate your participation in the Copy Trading Service; cancel or roll back any orders or trades executed by you that have been copied by Copiers; adjust, remove or restrict your visibility, ranking or public profile within the Trading Platform; withhold, adjust, or revoke any rewards, rebates or other payments otherwise due, including where such amounts arise from adjusted or disputed Fee Rates; and/or take any additional actions as we may deem necessary to protect the interests of the Trading Platform, its users or any third parties, including pursuing recovery of damages or other remedies under applicable law.

11.2. We reserve the right, at our sole discretion, to determine whether any activity, conduct or behaviour of a Master Trader constitutes manipulative, abusive, deceptive or unethical conduct under these Master Trading Terms, whether or not expressly listed above.

11.3. We may restrict or limit the visibility of your profile, strategies, or trading activity to users in certain jurisdictions for regulatory, legal, or compliance reasons, without any liability to you. 

11.4. Upon suspension or termination of your Master Trader Status, we may disable copying of your account and determine the treatment of open copied positions, including closure or other risk-mitigation measures that we, in our sole discretion, consider necessary to protect Copiers and our Trading Platform. 

11.5. To the fullest extent permitted by law, you agree to indemnify and hold harmless us, our affiliates, officers, and employees from and against any claims, losses, damages, liabilities, regulatory actions, penalties or expenses arising out of or in connection with your breach of these Master Trader Specific Terms, unlawful marketing or promotion, misrepresentations, or off-platform arrangements with Copiers.  

12. Branding and Public Communications

12.1. You shall not use the Trading Platform’s name, trademarks, or branding in any external communication, advertising, or promotional material without our prior written approval. We may require removal of any content that we reasonably consider misleading, non-compliant, or harmful. 

12.2. You hereby grant us a non-exclusive, worldwide, royalty-free, revocable license to use, reproduce, display, publish, distribute, and otherwise make available for our marketing, promotional, educational, and business development purposes any information, data, metrics, and content relating to you that is displayed or made available within the Copy Trading Services. This shall include, without limitation, your username, profile information, trading statistics, performance metrics, ranks, risk scores, and other non-confidential account attributes as presented on the Trading Platform. You acknowledge and agree that such use may include, amongst others, publication on our websites, applications, social media channels, advertising materials, and other marketing communications. Any such use shall be subject to applicable laws and regulations including data protection, financial promotion and advertising requirements, and shall not imply any endorsement, partnership, or agency relationship with you.

12.3. You irrevocably waive, to the fullest extent permitted by law, any moral rights or similar rights you may have in any content or information used pursuant to this clause, and you further waive any right to compensation, royalties, or other payment arising out of or in connection with such use. Nothing in these Terms shall be construed as implying any endorsement, partnership, agency, or joint marketing relationship between you and us. 

12.4. You shall not make any misleading, false, disparaging, or otherwise negative statements regarding Flipster or the Trading Platform. 

12.5. To the maximum extent permitted by law, we  shall not be liable for any indirect, consequential, or economic losses arising from rewards calculations or changes to the Master Trader Specific Terms and/or Copy Trading Services, including any discrepancies between displayed rates and Fee Rates, or any retroactive corrections made pursuant to these Terms.

13. Termination

13.1. These Master Trader Specific Terms shall remain effective for so long as you participate as a Master Trader for our Copy Trading Services. 

13.2. Either you or Flipster may terminate these Terms by giving not less than four (4) week’s written notice. 

13.3. Flipster may terminate these Terms immediately for any reason, including for cause, in its sole discretion. 

13.4. Without limitation, Flipster may, but is not obliged to, issue a warning and temporarily reduce, suspend, or remove Benefits if a Master Trader fails to satisfy performance considerations or other Requirements. 

13.5. Upon termination, you shall immediately cease acting as a Master Trader and shall have no further entitlement to Benefits, except as expressly determined by Flipster.  

14. Tax

14.1. You acknowledge that the receipt of any Benefits may have tax consequences.

14.2. You shall be solely responsible for determining and complying with all applicable tax obligations. 

14.3. Flipster bears no responsibility for, and shall not withhold, deduct, or account for any taxes on your behalf. You shall indemnify Flipster for any tax liability incurred by Flipster arising from your participation as a Master Trader in our Copy Trading Services.  

15. Governing Law and Dispute Resolution

15.1. These Master Trader Specific Terms, and any disputes arising out of or in connection with them, shall be governed by and resolved in accordance with the governing law and dispute resolution provisions set out in Clause 42 of our Terms of Use, which are incorporated by reference.