Name: BingX
Brand: BingX

BingX offers spot, derivatives, and copy trading services to traders, and it won the “Best Exchange Broker” award from TradingView in 2021. This exchange was founded in 2018, and it has since grown to operate in over one-hundred countries. According to the company’s bio, it seeks to make itself the “peoples’ exchange” by connecting users with expert traders on an engaging, well-integrated platform. BingX places a heavy emphasis on social trading, and it offers extensive copy trading features to its clients. Read through this in-depth review to learn more.

Pros and Cons

Pros

Copy Trading Platform Available
Demo Account Available
High Leverage For Certain Assets
Well-Integrated Platforms

Cons

No U.S. Investors Permitted

Recommended For

BingX is great for cryptocurrency traders of all experience levels, but we think that new traders (or any trader who wants to copy trade) will get the most out of signing up with this exchange. There are extensive copy-trading features, which allow you to mirror the trades of experts (we will discuss this more a few sections below). Additionally, there are user support features such as:

Beginner’s Guide. This guide is similar to other “how-to” resources seen at similar brokers and exchanges. The BingX Beginner’s Guide goes through a basic tutorial about the fundamentals of using the platform and trading crypto. New traders will appreciate this in-depth resource.
Help Center. At https://bingx.com/en-us/help/?ch=investing, there is a “Help Center” where you can input your question and be directed to the appropriate answer. Questions cover everything from password changes to verification, and this is a useful stop before calling BingX customer support.
BingX Verify. This feature is definitely a highlight of this exchange, and we’re sure it has saved quite a few BingX clients from getting scammed. BingX Verify lets you enter a domain name, Telegram ID, or email address to determine whether that address belongs to a verified, legitimate BingX representative. If it does not, the exchange will let you know. That way, you won’t give out any information to someone pretending to work for the company in an attempt to steal your data.

BingX’s copy trading access, combined with its support features, indicate that this exchange is very welcoming towards new traders.

Regulated By

DCE (Australia)
Money Services Business (United States & Canada)

Account Options

Broker Type Cryptocurrency Broker
Minimum Deposit 1USDT
Forex Majors Spread N/A
Scalping N/A
Hedging N/A
Free Demo Account Yes
Traders From USA No

Top Features

Spot Trading. With this feature, you can trade popular digital assets in just a few minutes. Spot trading is accessible via the BingX website, so you can begin working the market right from your browser. When you spot trade, you buy/sell crypto in real time with the aim of making a profit.
Convert. BingX describes this as the “easiest way to trade.” This feature is available for BTC, ETH, and USDC. You can convert crypto into USDT at https://bingx.com/en-us/exchange/?ch=investing.
Standard & Perpetual Futures. As mentioned, BingX offers derivatives trading, a service you can access at https://bingx.com/en-us/futures/forward/BTCUSDT/?ch=investing. You can trade both standard and perpetual futures, and, according to BingX, perpetual futures are best-suited to more experienced traders, while standard futures are easier to manage (comparatively).
Grid Trading. Grid Trading is a new feature from BingX. This 24/7 automatic trading bot captures any profits that take place. The platform has approximately 90,000 users, and you can create a spot or futures grid with this social trading network. Grid Trading is an example of how BingX is an excellent social platform.
Copy Trading. With BingX copy trading, you can copy the trades of successful, proven traders. There are different types of traders to copy, from those that are “trending” to more conservative traders. You can choose from futures and spot grid traders, and, if you have a good track record, you can even apply to become a copied trader.
New User Rewards. There are a few bonuses exclusive to new traders with this exchange. First, you can get a “New User Reward” where you claim 125USDT at no cost. There is also a 60% APY and Free Risk Earn Reward, as well as other deposits, trading gifts, and bonuses. You can access the full list of new user rewards at https://bingx.com/en-us/mission/?ch=investing.
Copy Feed. This copy trading feature is a news feed that allows you to access the latest trends from influencers and top traders. It is part of the BingX social trading network, and it is akin to a 24/7 streaming feed you might see at a more traditional broker.

Overview

Type of Broker Non-Advisory/Executionary Broker
Regulation & Licensing DCE (Australia), Money Services Business (United States & Canada)
Clients Accepted from 100+ Countries
Assets Offered 300+ Cryptocurrencies
Platforms Available Web, Mobile
Mobile Compatibility iOS, Android
Payment Types Accepted Credit Card, C2C

Account Types

	BingX Account
Features	Buy Crypto With Credit Card, Access To Copy Trading And Other Features
Account Currencies	USDT
Available Leverage	Depends On Asset
Minimum Deposit	1USDT
Commission Per Trade	0.05% Per Order For Takers, 0.02% Per Order For Makers
Decimal Pricing	N/A
Trading Instruments	300+ Cryptocurrencies
Min. Lot Size Per Trade	Depends On Asset
Spreads	N/A
Demo Account	Yes
Swap/Rollover Free	N/A
Copy Trading Support	Yes

Trading Platforms

BingX Web
BingX App

Trading and Investment Tools

One Click Trading Yes
Trade off Charts N/A
Email Alerts Yes
Mobile Alerts Yes
Stop Order Yes
Market Order Yes
Trailing Stop Order Yes
OCO Orders N/A
Limit Order Yes
24hr Trading Yes
Charting Package N/A
Streaming News Feed Yes

Compliance & Regulation

BingX is regulated by DCE (Australia) and Money Services Business (United States & Canada). As an international financial service, this institution has offices in the EU, North America, Canada, Taiwan, and Hong Kong. BingX is a subsidiary of Bing Group, which has licenses in America, Australia, Canada, and the EU.

Fees & Commissions

Rollover Fee N/A
Margin Interest N/A

Pricing

For a complete list of trading fees, go to https://support.bingx.com/hc/en-001/articles/360027240173?ch=investing. This page details fees pertaining to withdrawals, standard futures trading, perpetual futures trading, and conversion and spot trading. The crypto exchange fee rate at BingX is 0.2%.

Service Details

Supported Languages English
Customer Service By BingX
Customer Service Hours Can Submit Request At Any Time
Email Response Time Within 48 Hours
Telephone Orders No
Personal Account Manager No

Reliability & Security

According to BingX, this exchange takes reliability and security very seriously. Here are some of the measures it has incorporated to make sure its platform security, which it describes as its “lifeline,” is top-notch:

2FA Verification
Bank-Grade Custody Solutions
Regular Operation/Maintenance Reviews
Partners With SlowMist (Since 2020)
Insurance Fund Mechanism
Abnormalities Removed To Protect Clients From Volatile Currencies

For more information on BingX’s security measures, check out their blog article at https://support.bingx.com/hc/en-001/articles/6157047479193-BingX-Measures-on-Ensuring-Platform-Security-and-User-Protection?ch=investing.

User Experience

To gauge user experience with BingX, we can look at customer ratings from aggregate review sites. Here is some of the feedback we found and its source(s):

TrustPilot: 4.7/5
Cryptowisser: 3.7/5
HedgeWithCrypto: 4.2/5
CaptainalCoin: 8.2/10
Newton Advisor: 4.7/5
Facebook: 4.9/5

Final Thoughts

Overall, BingX has a lot to offer new traders who are interested in cryptocurrency trading. Its social features make it an excellent platform for copy trading, and this exchange is easy-to-use, user-friendly, and transparent.

Contact Info

Website: https://www.bingx.com

Email: account@bingx.com

Company Address:
306, Victoria House, Victoria, Mahe, Seychelles

FAQs

Q: How do I register for an account with BingX?
A: You can get started at https://bingx.com/en-us/register/?ch=investing. There are two types of registration: email and mobile phone. For both signups, you can input your referral code, if you have one.

Q: Where can I find market information with this broker?
A: At https://bingx.com/en-us/market/futures/?ch=investing, you can find market information and details with BingX. This includes information on favorites, spot, futures, new currency, and more.

Q: Does BingX offer an affiliate program?
A: Yes. If you want to become an affiliate with this broker, go to https://bingx.com/en-us/global-partner/?origin_type=homebuttom?ch=investing. There, you can apply to become an affiliate, and you will be given more information on what this social media marketing strategy entails.