The choice of sub-accounts is ideal for institutional and corporate clients. It allows users to build separate subsidiary accounts for which they can experiment with different trading styles and strategies while still contributing to the overall volume activity of all their accounts.
After you've set up a master account, you can build as many subsidiary accounts as you want, which are all linked to the master. Each subsidiary account is similar to a small branch that functions independently of other sub-accounts while remaining under the master account's control.
Your master account serves as the command center for all of your financial transactions. If you've already upgraded your account, you will have access to create a sub-account. You will need to upgrade your account if you are unable to create sub-accounts.
This is so important for a variety of reasons. Not least among them is the fact that thanks to this structure, corporate and collective clients can easily set up operations on TRADEFADA distributing activity while maintaining full control and protection.
The way sub-accounts contribute to a trader's Fee Tier status is critical to the framework. Despite the fact that each sub-account is distinct, all sub-accounts linked to a master account contribute to a trader’s Fee Tier standing. As a result, even though you partake in a series of separate trading practices that are unrelated to one another, your accounts will benefit financially from all of them.
Below is the difference between master accounts and sub-accounts.
Your personal command center
This is also where you'll see the total account balance of all subsidiary accounts, and is shown in BTC or USD. This Command Center is where you'll find all you need to handle all of your sub-accounts in one location. You will use this page to manage and verify the sub-accounts that are linked to your master account, as well as build new sub-accounts by connecting them to email addresses that are not yet registered with TRADEFADA.
Reporting and account management
You’ll be able to have access to the balance sheets of all of your sub-accounts with the master account. This will provide you with information on transactions (withdrawal & deposits), as well as a summary of your recent account operation. Order, transaction, deposit, and withdrawal details for all accounts, including the master, are broken down by account in the Reports section of the Command Center. This is where you will find a summary for all sub-accounts.
Sub-account protection is set up in such a manner that it ensures the safety of all people involved. Each sub-account will have its own API keys that only the actual sub-account and the master account will have access to. Sub-accounts can be frozen, or only deposits can be made, balances can be transferred, and keys can be removed from the master account.
Advantages of Saving
Transactions between a master account and a sub-account take place off-chain and are therefore unrestricted.
Only master accounts are required to go through the KYC process. This ensures that when a sub-account is created, it already meets the KYC specifications and does not need to be checked.
Sub-Accounts are now only available upon request. To begin, navigate to the Sub-Accounts page. You will use the full functionality of this feature until your request has been accepted. Sub-accounts will only be attached to new accounts with email addresses that have not yet been connected to Tradefada.