A socially-driven crypto exchange blending traditional trading with advanced copy trading tools.
In This Review
Affiliate Disclosure:
Some links on this page are affiliate links. We may earn a commission if you sign up through them — at no extra cost to you.
Overview
Founded in 2018, BingX has steadily grown into a prominent global cryptocurrency exchange known for combining spot and derivatives trading with robust social and copy trading capabilities. With regulatory registrations in several jurisdictions including Lithuania, Australia, and the United States (as a Money Services Business), BingX has attracted a wide user base across Asia, Europe, and beyond.
Pros and Cons
✅Pros
-
✔ Strong focus on social and copy trading
✔ Wide range of trading products (spot, futures, bots)
✔ Low trading fees and tiered VIP discounts
✔ Regulated in multiple regions
✔ Beginner-friendly mobile and web platforms
✔ Offers demo trading and grid trading bots
❌Cons
-
✘ Lower liquidity compared to top-tier exchanges
✘ Limited institutional-grade tools
✘ KYC required for full feature access
✘ Fiat deposit options vary by region
✘ Copy trading can lead to unexpected losses
Features and Products
BingX is a social trading platform that offers spot, perpetual, and copy trading for over 700 cryptocurrencies. The core feature is its Copy Trading module, where users can automatically mirror top traders with flexible control. BingX also supports USDT- and coin-margined perpetuals, demo trading for practice, and grid trading bots. Users can access passive income via BingX Earn and participate in dual investment products.
While BingX lacks advanced DeFi tools or institutional features, its product ecosystem is comprehensive for individual traders looking for trading, automation, and social investing in one place.
Platforms and Tools
Web Platform
-
Modern interface with light/dark mode
-
TradingView integration with advanced charts
-
Grid trading bot builder and analytics
-
Copy trading portal with filters and trader stats
Mobile App (iOS & Android)
-
Copy trade, futures, and spot trading in one app
-
Push alerts, biometrics, and portfolio tracking
-
In-app tutorials and guides for new users
API & Automation
-
REST API available for bots
-
No institutional-grade WebSocket or FIX support
BingX delivers an exceptionally intuitive experience that balances simplicity for beginners with the tools intermediate traders need.
Social and Copy Trading
BingX’s flagship feature is its integrated social trading network, making it one of the best platforms for users who want to trade alongside more experienced investors:
-
Copy Trading Marketplace: Browse thousands of traders with detailed performance metrics
-
Auto Copy: Set investment amount, stop loss, and auto-unfollow rules
-
Top Trader Incentives: Earn commissions by sharing strategies
-
Transparency: Real-time stats, win rates, drawdowns, and trade history
For beginners, this opens the door to trading without deep technical analysis. For skilled traders.
⚠️ Copy trading carries risk. Past performance is not indicative of future returns. Users should apply risk limits and monitor trades regularly.
Security and Protection
BingX implements solid user protection protocols:
-
Cold Wallet Storage: Majority of user funds kept offline
-
2FA (Two-Factor Authentication): Mandatory for withdrawals
-
Anti-Phishing Codes: Custom email codes to detect scams
-
Device Management: Monitor logins and block unknown sessions
-
Regulatory Registrations: MSB license in U.S., Fintrac in Canada, etc.
As of 2025, BingX has not experienced any major hacks, and regularly undergoes internal audits and penetration testing.
Customer Support
BingX maintains a responsive customer support system:
-
24/7 Live Chat: Available on web and mobile
-
Help Center: Guides, FAQs, and product tutorials
-
Email Support: Ticket-based inquiry system
-
Telegram and Discord: Active community groups
-
Social Media Presence: Twitter, YouTube, and Reddit
While it lacks phone support or dedicated account managers, response times are generally fast and multilingual support is available.
User Experience
BingX is well-optimized for all user levels:
-
Onboarding: Smooth KYC and guided tutorials
-
Interface: Minimalist and visually appealing
-
Multilingual Support: Interface available in 15+ languages
-
Copy Trading: Great for passive investors
-
Advanced Features: Grid bots, perpetual contracts, and trading signals
While power traders might outgrow its platform, BingX is ideal for users seeking a rich yet accessible crypto trading journey.
Conclusion
BingX does a pretty good job of combining social features with crypto trading through its copy trading setup and solid selection of crypto and futures tools. It's particularly appealing if you're new to trading and want to follow what experienced traders are doing, or if you're curious about trying automated strategies like grid bots
Best For:
-
Beginners looking for guided and social trading
-
Traders interested in automated or copy-based strategies
-
Users seeking a mix of crypto and futures products in one place
Not Ideal For:
-
Institutional traders needing deep liquidity
-
Users interested in DeFi, staking, or on-chain earning
Overall Rating: 4.5 / 5
A strong platform for social crypto trading, backed by usability, security, and innovation.
Risk Warning
Trading and investing in financial instruments involves a high level of risk, including the possible loss of all your invested capital. You should only trade or invest money that you can afford to lose. The information on this website is provided for educational and informational purposes only and does not constitute financial advice. Past performance is not indicative of future results.
Affiliate Disclosure
TradingBrokerHub may receive compensation from the brokers and services featured on this website through affiliate partnerships. This may influence the products we review and write about, but does not affect our ratings or recommendations, which are based on thorough research and objective criteria. Commissions we earn help support the free content we provide.
Information Disclaimer
While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
Third-Party Links
This website may contain links to external websites that are not provided or maintained by us. We do not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites.
Regulatory Notice
Trading services and products offered by brokers featured on this site may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary. Different brokers are regulated by different authorities and may not be available in all jurisdictions.