In 2022, such a phenomenon as “copy trading” gained a lot of publicity. Demand began to give birth to supply and new copy trading platforms began to appear like mushrooms. We have carefully selected good platforms and one of them is Bingx. We trade and conduct our copy trading on this cryptocurrency platform!
Bingx copy trading platform – what makes it better than others?
Why did our gaze stop at this platform? Here you need to consider all the small “ticks” so that one big PLUS is formed.
Trading volumes
If trading volumes are low on the cryptocurrency exchange, it makes no sense to start a large-scale project, because:
• There will not be enough liquidity to fully enter the position at the required price
• The stop order will be triggered much further from the declared mark (usually the stop order is closed on the market. If there is not enough liquidity at a certain price, the stop order will be closed at the next mark, where there will be liquidity)
• Exiting the position will be difficult (again due to low liquidity).
Of course, if you trade for $50, all this does not matter. However, if you form copy trading from many participants, some of them may have problems.
Though, Bingx passed the first test. At the time of writing, the Bingx crypto exchange ranks 4th in terms of volume (futures trading). This is quite enough for a large copy trading community!
Security
Security in the cryptocurrency field is a relative concept. One should always remember about risk diversification. However, Bingx has been around since 2018. This cryptocurrency exchange has licenses to work with cryptocurrencies in Canada, the USA, Australia, Estonia and Lithuania.
In addition, the Bingx cryptocurrency exchange was audited by Certik and received the status of a trusted exchange.
Number of subscribers
A maximum of 100 followers can join in copy trading on Binance. In copy trading on Bitget, the maximum is 225 (and this is if you are approved for such a limit). There are no subscriber limits in copy trading on Bingx. This is important because it takes away the extra mechanical work of repeating transactions. And extra work is an increase in the probability of mistake.
Convenience of position management
In addition to the convenient interface of the Bingx cryptocurrency exchange, there is an equally convenient mobile application for copy trading. With the help of this application, you can comfortably manage positions by moving limit orders.
No verification required
Not everyone wants to officially show their personality. The Bingx copy trading platform allows you to withdraw up to $50,000 during the day without verification. If account verification is required for copy trading on Binance – Bingx copy trading works without verification.
Any deposit can participate in copy trading
Due to the unlimited number of followers on the Bingx platform, it does not make sense to set deposit limits for those who are eligible to join copy trading. Therefore, this cryptocurrency exchange will be comfortable for both a person with $100 and $100,000.
A large number of tools for trading
All cryptocurrency pairs that are traded on Binance futures can also be traded on Bingx copy trading! For example, Bitget has a limit on the number of cryptocurrencies for copy trading.
These are not all the advantages and attractions of the Bingx copy trading platform. You can see a more detailed overview of the exchange in our video overview:
Bingx copy trading: How to join
Registration on the Bingx platform
In order to make the start of work with the Bingx copy trading platform as pleasant as possible, new users are given interesting bonuses. But, to get them, you must first register on the Bingx exchange using the link:
REGISTER ON BINGX
Join copy trading accounts
We maintain two trading accounts on the Bingx copy trading platform:
MEDIUM-TERM ACCOUNT
LONG-TERM ACCOUNT
Clicking on the link above will take you to our two trading accounts. We recommend signing up for both accounts and splitting the deposit between them. After clicking the “Copy trade” button, you will see the following window:
In this window, you need to enter the risks that you are ready to take on your deposit. To do it correctly and thoughtfully, please read our recommendations:
SETTING UP A MEDIUM-TERM ACCOUNT
SETTING UP A LONG-TERM ACCOUNT
That’s all! No more need to copy our trade!
We trade on the basis of our GENERAL STRATEGY. This strategy includes three trading styles: Long-term, medium-term and short-term. There is the lack of short term trading on Bingx! You can join it on another copy trading platform that we have checked – Bitget.