BingX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Yes
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Yes
Our Evaluation of BingX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BingX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.03 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BingX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
BingX exchange provides services for novice and experienced traders and also investors at a very high level. All key assets are available for trading, the fees are generally low and the trading platform based on TradingView is simple to use.
Brief Look at BingX
BingX exchange was established in 2018 and is one of the largest international platforms for trading cryptocurrencies. The exchange provides you with an opportunity to trade in the spot market; there is conversion and grid trading and also standard and perpetual futures. BingX provides services in 100 countries; users can trade Bitcoin and all major altcoins; there is no exchange with fiat money (but there is USDT, which is tied to the US dollar). The exchange awards several starting bonuses, including no deposit bonuses. A social trading platform with transparent rating is a special advantage of the exchange. It is a simple and effective method for earning passive income for novice investors.
- BTC, and also ETH, USDT, XRP, DOGE, BNB and other popular altcoins are available for trading.
- Clients can trade in the spot market, and earn on conversion and grid trading.
- The exchange offers passive income options through the social trading platform.
- Some of the lowest fees in the market (the average daily spread is 0.04%).
- Simple, user-friendly mobile app with a trading platform based on TradingView.
- The company is officially registered in the US, Canada, Australia and EU (Estonia).
- Customer support works promptly in the 24/7 mode.
- No leverage is offered for spot trading, traders have to rely on their own funds.
- With low trading fees, some withdrawal fees are rather high (for example the fee is 20 USDT for USDT-ERC20).
- Customer support is available via email and live chat, but the broker does not have a call center.
TU Expert Advice
Financial expert and analyst at Traders Union
BingX has been operating for four years. Over this period, there have not been any unresolved conflicts with clients; the platform has not been hacked and there have not been insider leaks of user data. The exchange is 100% stable. Comprehensive testing of the website and the app, including by dynamic criteria at a peak workload, did not show any weaknesses and performance drawdowns. The app is intuitive, at the level of top standard.
As for the trading conditions, BingX has spot, conversion, grid trading and derivatives (perpetual and standard futures). Leverage is not offered for any type of trading. The standard fee for BTC/USDT is 0.050% for maker and 0.100% for taker (discounts are offered from time to time). The spread is floating, with an average value of 0.04% for the majority of assets (0.01% for some assets). In terms of the assets, the broker offers access to trading Bitcoin and all top altcoins, including ETH, XRP, BNB, DOGE and others. The base asset is USDT; all the rest assets are traded with it; the fees are charged in USDT and the deposits are converted in USDT.
There are no issues with withdrawals – all cryptocurrency wallets are accepted.
The fees are fixed and are based on the withdrawal option. For example, the fee for USDT-TRC20 is 1 USDT and for USDT-OMNI – 28 USDT. These are average indicators in the market or slightly higher than average. The trading fees, however, are average or lower than average. Overall, it can be said that BingX offers standard trading conditions.
There are separate fees for the copy trading service and they depend on the asset and signal provider. The profitability of top providers can reach 2400%+, which allows passive investors to earn great money. Based on the summary of factors, the broker can be recommended.
BingX Summary
| 💻 Trading platform: | Proprietary, based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, USDT, USDC |
| 💵 Replenishment / Withdrawal: | Cryptocurrency wallet, other cryptocurrency exchange |
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Commission: | No |
| 🔧 Instruments: | Market |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Cryptocurrencies |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Yes |
| 🎁 Contests and bonuses: | Yes |
Despite that BingX generally has average trading conditions in the market, in terms of the fees, it is one of the best brokers. It is more beneficial to trade on this platform than the majority of competitors. And if you use the TU rebate services, the benefit becomes even bigger.
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laipiotojas 
GB London 
Expressprofitsfx is an amazing broker. Very trustworthy. You're safe with them. I didn't see any issues with them. Even for beginners, it is easy to use, and the customer service live chat is quick in replying. I would recommend it. Visit the site and click on the WhatsApp logo in the site to contact company support if you want to make amazing profits in trading or kindly write to them through their official ExpressprofitFX@fastservice.com
Expressprofitsfx is an amazing broker. Very trustworthy. You're safe with them. I didn't see any issues with them. Even for beginners, it is easy to use, and the customer service live chat is quick in replying. I would recommend it. Visit the site and click on the WhatsApp logo in the site to contact company support if you want to make amazing profits in trading or kindly write to them through their official ExpressprofitFX@fastservice.com
Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From 4$ | Yes |
In order to understand how beneficial BingX fees are, they need to be compared to its closest competitors. The results of the comparison are in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$4 | |
|
$20 | |
|
$0.1 |
Investment Options
Investment Programs, Available Markets, and Products of the Crypto Exchange
BingX offers copy trading as an investment option. It is a separate page on the website and in the app featuring top traders of the platform. They allow users to copy their decisions to their own accounts.
For example, an experienced trader decided to buy BTC for USDT, and then sell USDT for BTC at a profit, once the rate changes. Another trader can connect to his account through copy trading and repeat the same step. This way the other trader will also earn a profit and pay a small fee in return.
Copy trading – the specifics of the investment mechanism
Copying trades is beneficial for traders and investors of all levels. For some, it is an additional income and for others – the main income source. If a trader is successful, he can offer other traders to use his strategy and repeat his decisions.
There are no traders who always win. However, if the 30-day profit of a player is positive, it speaks about his experience and professionalism. The decisions of such market players can be trusted. There are traders on BingX with return on investment at 1000%+, 2000%+ and higher. They are also not successful all the time, but they do close the majority of trades at a good profit. It is important for an investor to know everything about a trader he decided to copy. The platform provides the following information about signal providers:
Account assets;
Cumulative profit and loss;
30-day profit rate;
Maximum drawdown;
Number of followers.
Detailed profit rate is shown on the 30-day chart. You can view the trades a trader made, which pairs, amounts and the result. It allows you to get a full picture not only about the level of the player, but also about his favorite strategies and their effectiveness.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BingX Affiliate Program
The company offers an affiliate program to legal entities providing brokerage services in the cryptocurrency market. The main advantage of the program is beneficial fees.
Up to 60% rebate. Trading fees for standard contracts – 0.045%, for perpetual swap – 0.02% (maker) and 0.03% (taker). Also, the broker’s clients get a 100 USDT welcome bonus after registration. The partners are provided with full support of the platform, a personal manager, exclusive backend and other benefits.
User Satisfaction