To enhance our users' experience, BingX has been upgrading the Trial Fund feature since 2023-08-01. The upgrade is now completed. Learn more about the latest activation process, transfer and expiration rules, and Offset Ratio in "My Vouchers". Following this upgrade:
A. Starting from 2023-08-01, the new Trial Fund and previously activated Trial Funds can no longer be transferred between different futures accounts.
B. The new Trial Fund is issued in the form of a voucher to My Vouchers and require "Redeem" first for usage. Previously activated Trial Funds can be used as usual.
C. If a user holds both the new and old Trial Funds, they may need to use up the old Trial Funds before they can redeem the new Trial Fund (voucher). After successful redemption, the new Offset Ratio and invalidity rules will be applied. Opting not to redeem the Trial Fund voucher will leave the old Trial Fund unaffected.
D. Starting from 2023-10-12, the new Trial Fund and previously activated Trial Funds can no longer be used to offset trading fees.
Visit BingX Tutorial | What Is Trial Fund to learn more about the rules and procedures of the new Trial Fund.
1. Redeem the New Trial Fund
| Scenarios | Requirements |
| Redeemable | No old Trial Fund balances. |
| User has old Trial Fund balances with the same Offset Ratio as the new Trial Fund. | |
| Redeemable. Users are required to manually confirm the removal of the old Trial Fund balances. | User has old Trial Fund balances with a different Offset Ratio as the new Trial Fund. However, there are no open positions or pending orders using the old Trial Fund. |
| Not redeemable | User has old Trial Fund balances with a different Offset Ratio as the new Trial Fund. However, there are open positions or pending orders using the old Trial Fund. |
2. Comparison of New and Old Trial Funds
2.1 View Trial Fund
Old Trial Fund: View in "My Assets".
New Trial Fund: View in "My Vouchers" and can be obtained through events.
2.2 Unlock Trial Fund
2.2.1 Unlocking Process
Old Trial Fund: Issued as assets to Futures Account (may require users to complete a deposit task to unlock) → Used when trading futures.
New Trial Fund: Introduces "Redeem" process in "My Vouchers". View the Trial Fund voucher → Click "Redeem" (May require users to complete a deposit or trading task to unlock) → Trial Fund issued to corresponding futures account → Used when trading futures.
2.2.2 Unlocking Requirements
Both new and old Trial Funds are divided into two types, those with thresholds and those without thresholds. Their unlocking requirements differ slightly.
Old Trial Fund: Trial Fund without a threshold can be used directly in the Fund Account. Trial Fund with a threshold require completing the specified deposit or trading task on the Futures Account before using.
New Trial Fund: Trial Fund vouchers without thresholds can be redeemed and used directly. Trial Fund vouchers with thresholds require completing the specified deposit or trading task shown on the voucher before redeeming.
2.3 Use Trial Fund
2.3.1 Scope of Use
Both new and old Trial Funds can be used in futures trading (including Copy Trading) but with different scopes.
Old Trial Fund: No restrictions on futures trading type. It can be used for both Perpetual Futures and Standard Futures.
New Trial Fund: Categorized into Standard Futures Trial Fund and Perpetual Futures Trial Fund. It can only be used in its respective type of futures trading.
2.3.2 Offsetting Types and Process
Old Trial Fund: Can be used to offset trading losses and trading fees before users' own assets.
New Trial Fund: Can offset trading losses but not trading fees. It will be deducted proportionally alongside users' assets. If the Trial Fund is insufficient, the remaining amount will be deducted from users' assets.
2.3.3 Transfer Rules
Old Trial Fund: Can be transferred between Standard Futures Account and Perpetual Futures Account, but cannot be transferred out of Futures Account.
New Trial Fund: Cannot be transferred between Standard Futures Account and Perpetual Futures Account, and cannot be transferred out of Futures Account.
2.4 Invalidity Rules
Old Trial Fund will become invalid under the following scenarios:
A. When a user attempts to withdraw the Trial Fund, resulting in the invalidity of all Trial Fund.
B. When a user uses Trial Fund in a prohibited way, resulting in a removal by the risk control system.
New Trial Fund will become invalid under the following scenarios:
A. When a user attempts to withdraw the Trial Fund, resulting in the invalidity of all Trial Fund.
B. When a user transfers the Trial Fund out of the respective Futures Account, resulting in the invalidity of all Trial Fund in the corresponding futures account.
C. When a user fails to redeem the Trial Fund voucher within the time limit or the Trial Fund has expired.
D. When a user uses Trial Fund in a prohibited way, resulting in a removal by the risk control system.
If you have any questions, please contact our 24/7 online support.