Flipster: perpetuals, spot fees, copy trading, custody and access

Flipster’s public product menu combines crypto perpetuals, spot, traditional-market reference contracts, copy trading and yield programs. The core global experience is a custodial account with website and mobile access. Product availability, the legal counterparty and the collateral exposed to trading need to be considered separately.[1]

Representative perpetual specifications

The trading guide illustrates BTC leverage up to 150 times, but that is not a universal account or position limit.[11]

Position brackets reduce maximum leverage as exposure rises and increase maintenance margin. In isolated mode, order-tier checks use entry-based value while maintenance risk follows mark price; cross-margin tier checks also use mark value. The account’s actual bracket and symbol rules govern.[14]

TradFi sessions vary by symbol. During a non-tradable session the guide blocks new trades, position changes and adjustments to margin, leverage or TP/SL; pending orders can still be cancelled, while trigger orders are cancelled. Mark price is frozen and some funding settlements are deferred. The guide expressly says liquidation is not disabled, so a closed session should not be treated as universal protection against cross-account liquidation.[16]

Copy trading and exit behavior

Fixed ratio sizes a follower’s trade by the follower-to-master balance ratio. Fixed multiplier instead multiplies the master’s position size directly, with a published range of 0.01–100 times. The multiplier is not the leverage setting. Insufficient margin makes the copied order fail rather than shrinking it automatically. The applicable leverage ceiling is the lower of the master’s setting and the follower’s asset-category cap.[20]

Copy liquidation is assessed against the follower’s own wallet. Different entry prices, charges and margin can liquidate a follower earlier than the master. Liquidation of one copied position does not automatically terminate the subscription, so later trades may still be copied unless an exit or other system condition ends it.[19]

The September 2026 VIP ladder uses 30-day volume or 24-hour average assets. The maker column is expressly futures-only; it should not be assigned to spot maker orders. The taker column covers spot and futures.[8]

For a hypothetical 10,000-USDT fill at the basic futures tier, a maker execution costs 2 USDT and a taker execution costs 6 USDT. Two equal-notional taker fills cost 12 USDT before funding and price movement. Fees follow executed notional, not the amount posted as margin.[8]

The copy service describes a high-watermark calculation: previously lost value must be recovered before fresh profit sharing applies. Settlement is weekly, with the June guide naming Monday 00:00 UTC, and exit settles the outstanding amount. Trading Bonus cannot be used as copy margin. A master’s historical return is therefore not the follower’s net result.[18][17]

The documented funding route is crypto deposit after identity verification. Select the asset and network in the account, use its current deposit address and include any required memo or tag. Credit follows network confirmation and internal processing; a transaction visible on a block explorer can still require support if the account has not been credited. No current direct bank/card funding route was established.[27]

Flipster’s fee page states no platform deposit charge and no internal-transfer charge; sending-network costs can still arise. Withdrawal fees can change with network conditions and are shown in the withdrawal interface.[7][28]

The tariff and older withdrawal FAQ still contain some assets removed by the July notice. Their presence is not evidence that deposits remain available. These dated operational notices take precedence for route availability; the charge table above deliberately omits the removed assets and the USDT Arbitrum route closed on 22 October.[34][38]

Flipster publishes a proof-of-reserves display with token balances, reserve ratios and a Merkle verification route. The retrieved page left its audit-time field blank, so the displayed ratios are not presented here as a dated attestation. Its 1:1 custody and daily-verification statements are company claims. Reserve holdings alone do not establish complete liabilities, legal segregation, an auditor’s solvency opinion or an insurance entitlement.[22]

The accessible current legal entry point did not establish the global account’s insolvency priority or contractual segregation. Those terms should be obtained for the actual account entity. A separate Dubai entity’s licence and an app security feature do not answer who owns or may use a global customer’s assets if the operator fails.[3]

The security guide documents authenticator codes, passkeys, advanced login checks, an email anti-phishing code and trusted-device review on web and app. It asks users to retain the authenticator recovery key. These are account-access controls; the reviewed materials do not establish a guaranteed lost-device recovery time or a published per-customer insurance limit.[31]

The restriction page updated 23 September 2026 applies to current nationality and/or residence. It includes the United States, UAE, Singapore, China and numerous other countries. Poland is restricted except for users onboarded before 23 January 2026. The absence of a country from these examples does not establish unrestricted access: the complete list and the requested product still need to be checked.[5]

The global UAE restriction remains published despite a separately identified Dubai company appearing in VARA’s register. The record is evidence of that company’s permission, not confirmation that a global account may ignore its exclusion list or that every global perpetual is approved locally. Establish the local onboarding route and contract before relying on the Dubai licence.[5][6]

For a transfer problem, retain the asset, network, amount, transaction hash and account history. For an execution issue, retain order and position identifiers, the time and the requested remedy. Published chat availability does not establish telephone dealing authority, an execution service-level guarantee or an automatic right to reverse a fill.[27][32]

A current global complaint-response deadline and independent ombudsman route were not established from the accessible contract materials. A regulatory complaint about a Dubai account must concern the Dubai entity and its covered activity; it should not be assumed to provide recourse for an unrelated Panama contract.[3]

The inspected VARA record also lists CMA registration CMA-VASP-1000000-0061. Its activity description and named entity are the scope of the verified statement. The record does not itself establish a global derivatives licence or migrate the Panama account into Dubai.[6]

The December 2024 notice moved non-Polish international users from Prex to Panama-incorporated Flipster Corp from 30 December. It said continuing platform use accepted the migration and directed users who declined to support for termination. The legal counterparty changed even though the notice described continuity of the platform and support teams.[4]

The Android listing updated 11 October 2026 identifies Flipster Corp as developer, displays 500,000-plus downloads and carries operator claims of more than one million users and USD193 billion-plus annual perpetual volume. The annual period and active-user definition are not specified. Downloads, registered users and traded notional are different measures; these figures are scale context, not an independently audited ranking.[2]

Operator

Flipster Corp

Exchange model

Centralised

Service scope

Spot, perpetuals and ancillary copy/earn products.

Client types

Retail clients

Pricing publication

Public and quoted pricing

Funding scope

Crypto transfers on supported networks. USDT Arbitrum support ended on 22 October; a five-network deposit-address update is scheduled for 5 November 2026.

Custody and asset handling

Custodial balances; reserve disclosure does not establish insolvency priority.

Client eligibility

Global nationality/residency exclusions; separate local route checks.

Support

Website/app chat and published support request routes.

Authorisation and registration scope

Dubai FZE licence is distinct from the Panama global account.

Exchange metadata checked 29 Oct 2026Source 5Source 27Source 1Source 4Source 22Source 6Source 38Source 40

Order persistence, collateral and funding

The generic time-in-force article explains fill-or-kill as a market concept, but identifies Flipster’s own market execution as IOC and limit execution as GTC. It does not establish an extra user-selectable FOK order. A browser closing or a lost connection is not a documented cancellation request.[12]

The June guide documents market, limit and trigger orders, partial/full closes, position reversal, TP/SL and one-way or multi-position modes on web and app. It does not establish complete feature parity or chart-layout synchronisation between devices. Separately, current production API permissions, withdrawal authority and rate limits were not established from the reviewed public materials.[11]

Funding uses position quantity multiplied by mark price and the applicable funding rate. Only positions held at the settlement timestamp participate. For illustration, 10,000 USDT of mark-value exposure at a hypothetical positive 0.01% rate costs a long 1 USDT for that settlement. The base interest component displayed in a specification is not necessarily the final funding rate.[39]

Scheduled suspensions can override normal order handling. In its September 2026 KIOXIA split adjustment, Flipster announced that all open orders, including TP/SL, would cancel while positions stayed open and were rescaled. Trading and order changes were unavailable during the stated window. This is a dated example, not a claim that the same interruption is still in progress.[36]

Earn, incentives and account records

Standard Earn uses 24 random daily balance snapshots and a variable rate. USDe Earn is described as a promotional arrangement with Ethena; minting or redemption uses an external-wallet process. Dynamic Earn instead exposes funds to an underlying strategy. Its public page did not supply current product balances or APRs in the retrieved view, so no live yield or universal redemption time is quoted.[25][24]

The June Narsil terms make rewards variable and non-guaranteed, allow delays or adjustments and place token/protocol losses on the participant. The token may deviate from its subscription value.[23]

Older Dynamic Earn documentation names Ignight and IGNUSDT; its 0.25% instant-redemption charge is not treated as the current Narsil tariff.[26]

Position history records entry and closing times, symbol, direction, margin mode, leverage, size, average prices and realised result. P&L history offers daily UTC and hourly device-local views. These views should be reconciled with transfers, funding and fees; a downloadable complete ledger or jurisdiction-ready tax report was not established.[32][33]

No current general inactivity-charge schedule or automatic dormancy/deactivation threshold was established from the accessible terms. That is not a claim that an unused account is free forever. Account termination, outstanding positions, bonus forfeiture and withdrawal eligibility are separate matters to resolve with the operator before closure.[3]