1. Overview
BingX is committed to creating a fair and transparent trading environment for our valued users. To achieve this goal, we have formulated regulations for the use of vouchers. These regulations are created to assist users in the proper use of Trial Fund vouchers, Bonus vouchers, Rebate Vouchers and Copy Trading Subsidy Vouchers, thereby preventing any improper trading activities.
We advise all users to carefully read and adhere to these regulations before using vouchers to protect their interests and rights. BingX will monitor users' trading activities and commit to take appropriate and necessary measures upon detecting any anomalies to uphold the platform's trading order.
2. Introduction and Usage Guidelines for Vouchers
BingX provides users with various forms of vouchers, such as Bonus, Rebate Voucher, Trial Fund, Copy Trading Subsidy Voucher, and more. Here's an introduction to the vouchers and their usage guidelines:
2.1 Bonus
Bonus vouchers can be used as margin when trading Standard Futures, but they're not available for withdrawals. However, users can withdraw the profits generated from using Bonus vouchers. The voucher allows users to experience Futures trading with zero risk, with losses covered by BingX.
How to use Bonus:
(1) Bonus vouchers have a validity period, please use them before expiry.
(2) Each Bonus voucher can be used once in a Standard Futures trade only.
(3) The orders placed with a Bonus voucher will be closed automatically after 24 hours. If you want to manually close the order, please do so in advance.
(4) Some Bonus vouchers can only be unlocked and used after meeting the specified trading volume (including leverage). The specific requirement on the voucher shall prevail.
(5) Please take note of the leverage limit on the Bonus voucher. It cannot be used if your order exceeds the leverage limit.
(6) Trading pairs that support using Bonus vouchers might vary or be adjusted from time to time. The information displayed on the Bonus page shall prevail.
(7) In case of any violation in obtaining or using Bonus, BingX will conduct a rigorous review and impose penalties such as account suspension.
2.2 Rebate Voucher
Rebate Vouchers are used to offset trading fees. Upon completing a trade using the Rebate Voucher, users can receive a refund on the trading fees.
How to use Rebate Voucher:
(1) Rebate Vouchers are used to refund the trading fees incurred during trading.
(2) Rebate vouchers are only applicable to autonomous trading in Spot, not applicable to Copy Trading, Grid Trading or trading using Bonus.
(3) Spot: Trading fees are only charged for filled orders. Limit orders pending execution are not included.
(4) Standard Futures: Trading fees are only charged at the time of closing. Therefore, there will not be any fee rebate for open positions.
(5) The “Max. Rebate upon Order” is for reference only. The actual amount shall prevail.
(6) The amount and expiry of the Rebate Voucher can be viewed in "My Vouchers". Unused voucher will become invalid after expiry.
(7) Rebate Voucher is excluded from referral commissions and orders placed with virtual USDT (VST).
2.3 Trial Fund
You can view the Trial Fund voucher in My Vouchers and click "Redeem" (May require users to complete a deposit or trading task to unlock), the Trial Fund will be issued to corresponding futures account and you can use it in futures trading.
How to use Trial Fund:
(1) It's prohibited to use Trial Funds for hedging, self-dealing, and reversing positions.
(2) Trial Funds cannot be transferred out of the account or withdrawn, and they cannot be used for Convert, Grid Trading, and more.
(3) Trial Fund has a validity period for redemption and usage. It will expire if not used within the specified timeframe. The information displayed on the relevant page shall prevail.
(4) Transferring funds may render all Trial Funds invalid, which may lead to forced liquidation of positions using Trial Funds or the inability to maintain open orders using Trial Funds. Therefore, please handle the positions and orders first before transferring.
(5) If any malicious behaviors or attempts to reap the Trial Fund are detected, BingX reserves the right to take necessary measures against the accounts involved.
2.4 Copy Trading Subsidy Voucher
When copiers use Subsidy Vouchers in Copy Trading, in the event of losses, they will receive subsidies equivalent to the maximum value of the Subsidy Voucher after settlement.
How to use Copy Trading Subsidy Voucher:
(1) Only copiers can use the Subsidy Voucher. It is not applicable for traders.
(2) If the copied order results in profits, there will be no subsidies issued.
(3) Copy Trading Subsidy Voucher is applicable for use in Copy Trading, and applies to all types of Copy Trading.
(4) The Subsidy Voucher will be settled upon its expiry. Please use your Subsidy Voucher as soon as possible to get the most out of it.
(5) The Subsidy Voucher will be settled automatically in the following scenarios: The voucher expires; users stop copying; the TP/SL is triggered; the requirement to use the voucher is not met after the user reduces the copy trading funds; the trader ceases copy trading; the user is removed from the trader's copier list.
(6) The Subsidy Voucher is settled automatically by the system, and you'll be notified in the Message Center accordingly. View the details in the asset records.
(7) Please note that there may be a minimum amount requirement for Copy Trading funds to use the Subsidy Voucher. Please ensure the requirement is met when setting the funds.
For more information, please refer to: BingX Tutorial | What Are BingX Rewards
3. Measures for Violation of Vouchers
(1) Participating in the same event multiple times, repeatedly obtaining vouchers without genuine trades for the event.
(2) Exploiting the platform's mechanism, product, or event loopholes to obtain vouchers maliciously.
(3) Concealing the user's identity or related activities to maliciously obtain vouchers.
(4) Obtaining vouchers without genuine or with minimal trades, using frequent deposits and withdrawals or other form of activities.
Once the above violations are verified, BingX will permanently disqualify the user and their associated accounts from participating in events and obtaining vouchers. BingX reserves the right to impose additional measures as deemed necessary.
BingX strictly prohibits users from participating in events or obtaining vouchers through any violations, including but not limited to:
(1) Participating in events and obtaining vouchers with multiple associated accounts.
(2) Engaging in wash trading or volume manipulation.
(3) Bulk signups, with abnormal information for individual or multiple associated accounts.
(4) Using Bonus for wash trading, engaging in abnormal trading activities detected across multiple accounts, or obtaining abnormal profits from events.
(5) Account is signed up for in regions outside the scope of the event.
Once the above violations are verified, BingX will permanently disqualify the user and their associated accounts from participating in events and obtaining vouchers. BingX reserves the right to impose additional measures as deemed necessary.
3.3 BingX's Measures for Handling Violations When Using Vouchers
- Disqualification and forfeiture of the vouchers: Disqualify violators from obtaining vouchers, and forfeit all issued vouchers.
- Freezing of the account: Immediate freezing of the violator's account, followed by an investigation into their trading activities.
- Profit forfeiture: Forfeit all illicit profits obtained by the violator.
- Account ban: For severe violations, BingX reserves the right to ban the violator's account.
- Restrictions on funds and events: Depending on the type of violation, restrictions on funds or events, or freezing of funds may be imposed during the period where abnormal trading activities are detected.
- Asset confiscation: Confiscate the illicit profits obtained through violations, including but not limited to the remaining assets in the account.
- Restrictions on deposits and withdrawals: Restrict deposits and withdrawals for violating accounts.
- Restrictions on trading: Restrict position opening and closing, may conduct forced liquidation if necessary.
- Restriction on accessing website: Restrict or suspend violator's access to BingX's official website.
- Request for trading report: Request violators to provide reports on their trading activities.
- Other necessary measures: Take other appropriate measures according to the product rules of the exchange and specific circumstances.
4. Disclaimer
While accessing BingX services, users shall comply with local laws and regulations and BingX rules, consent to the fact that their trading conducts will be regulated and supervised by the exchange, and exercise conscientious trading. BingX has the right to seek any remedy against any abnormal trading behavior to the extent permitted by the law, including but not limited to restricting trading activities of the offending account. BingX shall not bear any responsibility for any economic loss incurred from violation of the rules provided herein. BingX reserves the right to the final interpretation of the rules.