## BingX Overall Rating
BingX, founded in 2018, is a leading cryptocurrency exchange with over 40 million users worldwide. It is well-known for its copy trading function and plans to support TradFi (forex, gold, stocks, etc.) by 2026. It is also known for its partnerships with Chelsea FC and Ferrari
| Item | Content |
|——|——|
| Established | 2018 |
| Number of Users | Over 40 million worldwide |
| Financial License | US MSB / Canada MSB / Australia DCE / Lithuania MTR |
| Maximum Leverage | 150x (Futures) / 500x (TradFi) |
| Products | Cryptocurrency (Spot / Futures / Copy Trading) / TradFi (Forex / Gold / Crude Oil / Stocks / Indices) |
| Trading Tools | Proprietary Platform / TradingView Integration |
| Reserve Proof | 100% PoR (Audit Reports Published) |
## merit
### 1. Copy Trading Function:
Automatically copy the trades of professional traders. Even cryptocurrency beginners can start trading with professional strategies. You can also simulate with demo trading.
### 2. TradFi support allows trading of more than just cryptocurrencies
. We will fully launch the TradFi market in 2026. You can trade over 100 types of traditional financial instruments, including foreign exchange, gold, crude oil, stocks, and indices, with leverage up to 500x.
### 3. Financial licenses obtained from four countries
: US MSB, Canadian MSB, Australian DCE, and Lithuania MTR. A 100% Proof of Reserve (PoR) is also publicly available, guaranteeing the security of assets.
### 4. Fully Japanese-language compatible:
The website, app, and customer support are all fully available in Japanese. You can also purchase cryptocurrencies in Japanese yen via P2P trading.
## Disadvantages
### 1. Asset management services such as staking and lending, which lack DeFi functionality,
are not offered. If you wish to earn returns through long-term holding, you will need to use other platforms in conjunction with this one.
### 2. The quality of copy traders varies.
Traders are a mixed bag, and you need a keen eye to distinguish between good and bad ones. Carefully check their past performance and number of followers.
## User Reviews
### Positive Reviews
– "A top-level exchange in terms of both credibility and service"
– "Japanese language support available. Copy trading simulations are also possible, making it beginner-friendly"
– "Low fees for copy trading"
– "Generous login bonuses"
### Negative Reputation
– "The traders are a mixed bag; it's difficult to spot the good ones."
– "There is little transparency from the CEO and management team."
## Awards and Partnerships
– **2024**: Blockchain Life Awarded "Best Centralized Crypto Exchange of the Year"
– **2021-2023**: TradingView Awarded "Best Crypto Exchange"
– **Chelsea FC**: Official Crypto Trading Partner (2024-)
– **Ferrari**: Partnership with Scuderia Ferrari
## Account Type Comparison
| Account Type | Features | Maximum Leverage |
|———–|——|————–|
| Spot Account | Spot trading of cryptocurrencies (over 500 types) | 1x |
| Futures Account | Futures trading of cryptocurrencies | 150x |
| TradFi Account | Foreign exchange, gold, crude oil, stocks, indices | 500x |
## Transaction Fees
| Transaction Type | Maker | Taker |
|———–|——-|——-|
| Spot Trading | 0.1% | 0.1% |
| Perpetual Futures | 0.02% | 0.05% |
| Standard Futures | 0.045% | 0.045% |
* Commission discounts available upon VIP rank upgrade (SVIP: Futures Maker 0%)
## Benefits of using MoneyChat
– **Cashback**: Automatically credited for each trade
– **Additional Benefits**: OMEGA EA, AI Copy Trading, Tenkaichi Budokai, Gacha, etc.
– **Double Support**: BingX support + MoneyChat Japanese support
**Risk Warning**: Cryptocurrency trading involves risks. Please invest only with funds you can afford to lose
