BingX’s Copy-trading Subsidy Vouchers will allow Users to Recover Losses

BingX's new subsidy vouchers for copy trading are designed to help users protect themselves from potential losses.

Copy trading is a branch of social trading, where one trader's positions are copied by another trader's account when they are opened or closed. This can be either automatic or manual – and it's up to an individual to decide how they would like to approach copy trading. Before you start copy trading, it's important that you have carried out your own analysis on a position or particular market before you commit real capital to it. Remember that even if you are following the methods of an experienced trader, your capital is still at risk. BingX, the leading social trading exchange, has become the first crypto platform to introduce copy trading subsidy vouchers. These help to cover losses for users.

The new subsidy vouchers for copy trading are designed to help users protect themselves from potential losses. As long as the user activates the copy trading subsidy vouchers, BingX will compensate any losses in the copy transaction (within the denomination of the card and coupon). This voucher works as a safety net and allows users to enter and exit positions with popular coins like BTC, ETH, MATIC, LUNC, OP, STG, PSG, ADA, SHIB, DOGE, CHZ, and IDO without the fear of incurring losses on their trades.

How does copy trading work?

Copy trading works by relying on social networks and social trading systems. When one trader opens a position, they can broadcast this information to other traders on the network, who can then decide whether they want to open the same position – or their automated trading systems can do it without additional input from the trader.

Often, the primary trader who broadcasts their positions has experience in the underlying market – and the copy traders might lack experience in this specific market, or they might be entirely new to the financial markets as a whole.

Elvisco Carrington, PR and Communications Director, BingX said:  "Copy trading is our unique product offering and we are always looking to improve beginners' trading experience. With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses. By pioneering new products that directly benefit traders, BingX can maintain its record for innovation."

Features of BingX

One of the main reasons BingX gets all the limelight is the basket of additional vital features it promises to offer. Essentially, it provides perpetual contract trading and a selection of isolated and cross margin. The platform's derivative options cover digital assets and other financial instruments, including FOREX, global indices, and commodities. All these instruments are available to speculators and traders.

About BingX

With the growing availability of digital trading exchanges, choosing the best cryptocurrency exchange can sometimes become an arduous task. So many exchanges are available on the market. Multiple factors allow beginners to be familiar with the charting interface, platform features, trading pairs, security, customer support, and fees that determine exchange quality.

BingX is one such trading exchange widely used in Asia that provides a safe, secure, and fast trading derivatives platform. Founded in 2018, BingX is a crypto copy trading exchange that offers spot, derivatives, and copy trading services to more than 100 countries worldwide with over 3 million users. BingX connects users with expert traders and the platform in a safe, simple, and transparent way. BingX also allows free demo trade for users who are new to investing in Crypto.

Having gained regulatory licenses in Canada, the USA, Lithuania, and Australia and recently being given the best rating by CertiK for asset and trading security, BingX is giving back to the community. BingX also consistently updates new coin prices on top of existing popular coins like Bitcoin prices & Ethereum prices.