20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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BingX Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Trading features:
- Yes
Summary of BingX Crypto Exchange
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 ranks 129 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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this post may contain references to products from our partners. Here's an explanation for
How We Make Money.
We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
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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.
| 💰 Account currency: | BTC, ETH, USDT, USDC |
|---|---|
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | No |
| 🔧 Instruments: | Market |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with BingX:
- 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.
👎 Disadvantages of BingX:
- 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.
Evaluation of the most influential parameters of BingX
Geographic Distribution of BingX Traders
Popularity in
14.9%
VE
11.2%
RU
4.3%
IN
3.1%
AR
3%
IR
2.9%
MX
2.9%
TW
2.6%
PE
2.5%
EG
42.6%
Others
User Satisfaction i
36 comments
Total score:
Share your experience
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laipiotojas
6 weeks ago
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
niniek
7 weeks ago
magesbanu
10 weeks ago
Gytisvil
13 weeks ago
unais788
16 weeks ago
asif_arain
19 weeks ago
Responses to a comment
BiwashKhatiwada to
asif_arain
13 weeks ago
youss123
20 weeks ago
Expert Review of BingX
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.
Latest BingX News
17.03.2023
BingX, a cryptocurrency exchange, has announced a partnership with MetaTrader 5, a trading platform that allows users to trade Forex, stocks, and futures
Dynamics of BingX’s popularity among
Traders Union’s traders, according to 2023 data
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.
Important!
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.
Trading Conditions for BingX Users
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.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 Trading platform: | Proprietary, based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, USDT, USDC |
| 💵 Replenishment / Withdrawal: | Cryptocurrency wallet, other cryptocurrency exchange |
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Spread: | No |
| 🔧 Instruments: | Market |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Cryptocurrencies |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Yes |
| 🎁 Contests and bonuses: | Yes |
Broker comparison table of trading instruments
| BingX | Bybit | MEXC | Binance | BitGet | XT.com | |
| Forex | No | No | No | Yes | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
BingX Commissions & Fees
Information
The trading fees in the spot market are 0.050% for maker, and 0.100% for taker. The trading rate is 0.075% (with discount – 0.045%); the rate for copy trading is the same (but even lower with the discount – 0.0375%). The calculation of the trading fee is based on the following formula: trading volume x trading fee rate (one time). The average spread is 0.04% or 0.1% depending on the pair. Where there is a spread in long/short position, the fee for standard contract is calculated this way: Current price x (1 + Spread Ratio). Deposit fee is not charged; withdrawal fee depends on the withdrawal option.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From 4$ | 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 |
| BingX | $4 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2018 |
| Registration address | Singapore, Central Region |
| Official site | https://bingx.com/ |
| Contacts |
Email:
support@bingx.com,
|
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FAQs
Do reviews by traders influence the BingX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BingX you need to go to the broker's profile.
How to leave a review about BingX on the Traders Union website?
To leave a review about BingX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about BingX on a non-Traders Union client?
Anyone can leave feedback about BingX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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