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Pros

Well-integrated copy trading platform that allows users to mirror successful traders.
Offers a free demo account for users to practice trading without financial risk.
High leverage options available for certain assets, enhancing potential returns.

Cons

No trading access for U.S. investors, limiting availability for a significant market.
Reports of inadequate customer support and technical issues, such as balance visibility on TradingView.
Concerns about regulatory compliance and security transparency, raising potential risks for users.

BingX broker Accounts

BingX Account Types

BingX offers a single standard account type for its users, which provides access to the platform's core features, including spot trading, margin trading, and social trading. There are also advanced options for users who complete the Know Your Customer (KYC) verification process, which allows access to additional features such as futures trading and higher leverage limits. The platform does not currently offer multiple distinct account types like some other exchanges.

BingX Broker Account Opening Process

To open an account with BingX, follow these steps:

  • Visit the BingX Website: Go to bingx.com.
  • Click on 'Register': Find the 'Register' button on the homepage and click it.
  • Choose Registration Method: Select either to register using your email or mobile phone number.
    • If using a phone number, choose your country code, enter your phone number, and create a password. Agree to the terms of service and click 'Register'.
    • If using an email, enter your email address, create a strong password, agree to the terms, and click 'Register'.
    • Verification: Enter the verification code sent to your email or phone number to complete the registration.
    • Start Trading: Once registered, you can log in and begin trading on the platform.
    • For more detailed information about the account opening process, visit BingX Account Opening.

      Sources:

      • BingX Review 2024 - Investing.com
      • BingX Open Account

BingX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
BingX Account