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▶ Subaccount Guidelines (Institutional Account)

Pedro
  • Updated

The subaccount feature allows you to trade through multiple accounts. You can use it to clearly divide your trading strategies and manage your assets more efficiently under your main account.

On WOO X, each verified main account can create up to ten subaccounts on the account page. The sub-accounts will share the same trading fees and benefits according to the staking tier of your main account.

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Benefits of having a Subaccount

  • Independent trading strategies:
    Provides independence to experiment with various trading strategies at the same time for GUI and API trading. This allows you to track your strategies more accurately.

  • Transfer and deposit funds free:
    Easily transfer funds between your main account and your Subaccount wallets. You can also deposit to the subaccount directly for your risk management. Note: Withdraw from Subaccount is not available now, please transfer to the main account for withdrawals.

  • Combined benefits:
    Trading fee:  Share the same fee structure based on the staking tier.

Main account

Your verified main account can create up to ten subaccounts to manage the trading strategies. Please see the information below for your main account:

    • Create and edit the setting of subaccounts:
      You can switch between accounts to access, view, and transfer funds to the various subaccounts. Each subaccount has its own WOO X UID but shares the same email account as the main account.

    • Security Features:
      Your subaccounts will inherit the security status of your main account. If you enable a trading password on your main account, all your subaccounts will follow the same rules.

    • Only the main account has access to:
      The security page - Your subaccounts will inherit these settings.
      Withdrawing funds - The system will check the margin ratio and balance (credits) of the main account for withdrawals.

Subaccount

How to create Subaccounts and API for your Subaccount?

First, log in to your main account. Click the account page, and choose subaccounts and API at the top.

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On the subaccount page, you will find the option to create a new subaccount and transfer funds.

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To create the subaccount, please fill in the information:
a) Subaccount Name (Mandatory)
b) Notes (Optional)

Once you have created a subaccount, it will be shown in your account management panel. You can view the UID and account value of your different subaccounts.

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To create the API for your account, please click Management to create the API on this page. For security reasons, WOO X needs to verify your 2FA (Main account) to create the API Key.

Frequently Asked Questions (FAQ)

  • How do I transfer funds between my main and subaccounts?

Funds can be easily transferred by clicking Transfer on the “Subaccounts and API” page. You can select the account you would like to transfer funds to. Once the transfer is confirmed, the “Transfers” section will show the transfer record.

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  • How do I access my subaccount?

There are four ways to switch to your different accounts:
a. Click the switch icon on the top-right
b. Choosing from the menu on your account panel
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c. You can switch to the assigned account on the “Wallet” page.

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d. For managing all your accounts, we suggest you go to the "Subaccount and API (LINK)" page to get full access.

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  • Can I delete my subaccount?

    Not currently, WOO X doesn’t support this feature yet.

  • Can I set up the different leverages for my accounts?

    Yes, the default setting for each new subaccount is pure spot mode. If you need margin trading, please enable it from the account page in the “Spot margin” tab.

  • Can I download the order history for my subaccounts?

    Yes, please go to the “account” page - “Orders” - “Download History”. You will be able to download the last 90 days of history. Kindly note that the order history is separate for all accounts, you need to switch to specific accounts to see the relevant order history.

  • Can I create a subaccount through API?

    No, WOO X doesn’t support this feature yet. Please log in to WOO X and create the account from the “account” page. We will gradually optimize and roll out more services

  • What are the rate limits for subaccount API trading?
    Per account (Main/Sub):2/Sec/Per Symbol
    All accounts (Main+Sub): 10/Sec/All Symbols

Kindly note that WOO X has not supported the full functions yet, please refer to our website for creating, editing, and transferring funds for subaccounts.

If you have any further questions, feel free to contact WOO X Support. We are happy to help

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