1. Types of Commission Rebate Violations
Rebate Arbitrage Protection Mechanism
When a user frequently performs short-term open-and-close trades in the same futures market, the platform will identify high-frequency arbitrage behavior based on the following two criteria:
Identification Based on Trading Volume Proportion:
- If the trading volume of orders opened and closed within 3 minutes exceeds 70% of the user's total trading volume in that market on a single day;
- Or, if the trading volume of orders opened and closed within 1 minute exceeds 50% of the user's total trading volume in that market.
Identification Based on Number of Orders:
- If the number of orders opened and closed within 3 minutes exceeds 70% of the user's total number of trades in that market on a single day;
- Or, if the number of orders opened and closed within 1 minute exceeds 50% of the user's total number of trades in that market.
Supplementary Note:
To prevent volume brushing for rebate arbitrage, the platform will include "same-direction re-opening within 1–3 minutes after closing a position" in the above two statistical criteria.
Example:
If a user closes a short position and then opens another short position within 3 minutes, it will trigger the risk control logic for consecutive same-direction orders.
However, if the direction is different (e.g., closing a short → opening a long), the risk control will not be triggered.
Order Batching in a Short Timeframe
If trades are placed in bulk and closed within an extremely short period, or if a large number of orders are opened and closed in rapid succession, the platform will regard this as abnormal trading behavior.
- Commission Rebates will be discounted accordingly, with the most severe cases resulting in zero rebate for affected orders.
Multi-Account Wash Trading
If multiple accounts are discovered to be trading against each other to generate fraudulent Commission Rebates, the platform will:
- Immediately revoke all rebate eligibility;
- Ban or restrict the related accounts.
Fake Registrations and SMS Verification Abuse
Using virtual phone numbers or SMS tools to mass-register accounts for Commission Rebate or promotions will result in:
- Account freezing;
- Recovery of any improperly obtained rewards.
Use of Unauthorized Trading Tools
Accounts using unauthorized scripts, bots, or modified API interfaces will have:
- All Commission Rebates revoked;
- Trading permissions restricted.
2. Commission Rebate Distribution Policy
- BitTap encourages genuine trading activity and will not penalize users for legitimate short-term strategies;
- The system automatically detects suspicious activity and may trigger manual review when necessary;
- If a user disputes the handling of their Commission Rebate, they may submit an appeal within 7 days, and the platform will verify the case individually.
3. Agent Cooperation Terms
- Agents are responsible for ensuring that their referred users engage in compliant trading behavior;
- If multiple violations are found under an agent's network and are not promptly addressed, BitTap reserves the right to:
- Terminate the Commission Rebate relationship with the violating users;
- Suspend or adjust the agent’s rebate tier;
- Restrict the agent’s ability to bind new users.
4. Notes
- All Commission Rebate activity is subject to the platform’s automated detection and manual review systems;
- Users may provide reasonable explanations and file appeals for reinstatement;
- BitTap reserves the final interpretation rights regarding violations and will continue to optimize its policies and mechanisms.
The BitTap Team
June 2025