Conversation with Gemini
In the copy trading operations on Binance, I closed three trades where their data was zero except for the invested amount, as if they had not fulfilled my request. When liquidating or returning my investment, it comes with a discount of nine USDT. The question is, if it seems they did not use the separation of copy trading since in other cases the values were changing either as a loss or as a gain, how is it that I received a discount of nine USDT? I would appreciate your comments on this.
Hello, I understand your concern when seeing those trades closed at zero with an unexpected discount. It is true that in Copy Trading operations, one would expect to see the variation in the investment value reflecting gains or losses.
There are several possible reasons why you might be seeing this discount of 9 USDT on those three specific trades, even if apparently no trading activity was reflected:
Platform fees: Although the trades may not have executed as you expected, Binance could apply fees for the attempt to execute the trade or for using the Copy Trading service itself. These fees are sometimes deducted even if the order is not completed or is closed immediately.
Leader trader fees: Some lead traders may charge a fee for copied trades, even if these do not result in gains for the copy trader. This fee may have been applied upon closing the trade.
Slippage: Although you mention that the values were at zero, it is possible that a small slippage occurred at the moment of closing. Slippage is the difference between the expected price of a trade and the price at which it is actually executed. Even a small slippage in multiple trades could accumulate to that discount of 9 USDT.
Technical or synchronization errors: Although less likely