Dear BingX Users:

Since the copy trading function was launched on BingX, it has become very popular in the BingX community. Due to the limited copy trading resources, the system will protect the rights and interests of BingX copy trading users through the following solutions for violative use of copy trading services.

Copy Trading Resources Description:

  1. The copy trading system helps a large number of users follow traders to place orders. At the same time, it will consume a lot of market liquidity in a short timeframe. Due to the limited market depth, as the number of copy traders increases, the copy trading amount that each user can follow with will be correspondingly decreased.
  2. Regardless of platform regulations, some users register multiple accounts for copy trading, consuming a lot of copy trading resources. To better provide stable copy trading services for the majority of users, the system will strictly implement the following latest terms of use: Some accounts have been reported by users and the system has found violations of copy trading operations.

 

Solutions for Violations

Violations are as follows:

  1. Obtaining copy trading qualifications through deception
  2. Using multiple accounts for copy trading

 

The platform will perform the following processing on the violative copy trading accounts:

  1. If an account obtains copy trading qualification through deception operation: forbidden to use the copy trading function
  2. If a user creates multiple accounts for copy trading: forbidden to use the copy trading function

 

Kind Reminder: For the above mentioned violative copy trading accounts, we will notify you in advance by an internal notification. If you have any questions, please contact customer support or submit an application in advance. The application must include the following information: KYC and video authentication.

 

The BingX team is committed to creating a user-oriented, fair and comfortable trading environment with the ultimate experience, and will make its best efforts to this end. We encourage users to participate in the construction of a high-quality trading environment and resist illegal operations.

Risk Warning:

Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.

BingX Operation Team

2020/10/24