Learn also about the differences between BingX Standard Futures and Perpetual Futures.
How to Start Futures Trading on BingX?
A futures is a derivative trading product that can hedge risks and magnify returns through leverage.
In futures trading, you can participate in and profit from market price fluctuations by going long or short on a futures trading pair.
If you choose to go long, you are buying the futures and predicting that its price will rise in the future.
If you choose to go short, you are selling the futures, predicting that its price will fall in the future.
2. The difference between BingX standard futures and professional futures
| Difference | Standard Futures | Perpetual Futures |
|---|---|---|
| Suitable for | Beginners | Professionals |
| Margin Type Support | USDT-Margined contracts; Support Coin (such as BTC)-Margined contracts | Support USDT |
| Order Type | Market Order, Trigger Order | Limit Order, Market Order, Trigger Order |
| Position Management | Each order is managed independently | Multiple orders are combined into “position” for easy management |
| Trading Fee | Proprietary trading: 0.045%
Copy trading: 0.045% |
Taker (executed instantly): 0.040%
Maker (pending orders): 0.020% |
| Leverage | 1-150x | 1-125x |
3. How to start futures trading on BingX?
On the BingX futures trading platform, you can also use leverage when going long or short to hedge risks or profit from volatile market conditions.
You can follow the steps below to start trading on the BingX futures platform.
3.1 Standard futures Transactions
Step 1: Select a futures trading pair, such as BTC/USDT
Step 2: Select the position mode, “Isolated Mode” or “Cross Position Mode”
Step 3: Select the opening direction, “Long” or “Short”
Step 4: Select the order method, “Market Order” or “Plan Order”
Step 5: Set the leverage multiple, if you choose high leverage, please read the risk disclosure of margin trading
Step 6: Transfer the margin, transfer USDT or the underlying currency (such as BTC ETH) from the capital account to the standard futures account as the margin, and enter the amount of principal you choose to trade
Step 7: Click Advanced Settings to set Take Profit and Stop Loss
Step 8: Click “Open Long/Call” or “Open Short/Put” to place an order
Step 9: After opening a position and placing an order, click “Order” to view the order details
3.2 Professional futures Trading
Step 1: Select a futures trading pair, such as BTC/USDT
Step 2: Select the position mode, “Isolated Mode” or “Cross Position Mode”
Step 3: Select the opening direction, “Long” or “Short”
Step 4: Select the order method, “Market Order”, “Plan Order”, “Limit Order”
Step 5: Set the leverage multiple, if you choose high leverage, please read the risk disclosure of margin trading
Step 6: Set the counterparty price, set the take profit and stop loss
Step 7: Transfer the margin, transfer USDT from the capital account to the professional futures account as the margin, and enter the amount of principal you choose to trade
Step 8: Click “Buy to open long” or “Sell to open short” to complete the order
Step 9: After opening a position and placing an order, click “Order” to view the order details
Please check BingX official website or contact the customer support with regard to the latest information and more accurate details.
BingX official website is here.
Please click "Introduction of BingX", if you want to know the details and the company information of BingX.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...