1. What is Trial Fund?
Trial Funds are issued as tradable assets in BingX and can be used with a user's own assets as Futures margin or to offset losses and trading fees. When used for offsetting fees, Trial Funds will be deducted prior to a user's own assets. Trial Funds can't be withdrawn. However, users can withdraw the profit generated from using Trial Funds.
2. How to use Trial Funds?
Step One: Access Trial Funds. APP: Go to Homepage -> My Assets -> Futures -> Standard Futures, and click on any coin to view the corresponding Trial Fund; WEB: Go to My Assets -> Futures. The Trial Fund information will show in the currency list.
Step Two: Click “Use” on the Trial Fund to enter the Standard Futures or Perpetual Futures trading page. Trial Funds will be deducted prior to a user's own assets to offset losses or trading/funding fees for Futures trades. Trial Funds can be used as position margin in the same way as a user's own assets.
3. Trial Fund terms and conditions
Trial Funds will be deducted prior to a user's own assets to offset losses or trading/funding fees for Futures trades. Trial Funds can be used as position margin.
Trial Funds cannot be transferred to Fund Account or withdrawn, and they cannot be used for currency conversion or grid trading.
Before Trial Funds are fully consumed, any withdrawal would result in the removal of the remaining Trial Funds.
If the removal of remaining Trial Funds results in an insufficient maintenance margin for your positions, you need to close your open positions to avoid forced liquidation and then try withdrawal.
Some Trial Funds need to be activated within the validity period before they can be used.
For Trial Funds that need activation, users need to deposit an amount in USDT which is greater than or equivalent to the face value of the Trial Fund before being able to use it.
If a user has received multiple Trial Funds in different futures accounts at different times, the user will need to deposit a one-off amount in USDT that is greater or equivalent to the sum of all Trial Funds combined for successful activations. The Trial Funds cannot be activated separately. Example: If a user has two Trial Funds that require activations which are 20 USDT and 40 USDT in his/her futures accounts, he/she will need to deposit at least 60 USDT to unlock them altogether.
- It's prohibited to use Trial Funds for matched orders, self-dealing, opening reverse positions, and any other ill-intentioned purposes. In the event of any malicious operation aforementioned, BingX shall deal with the relevant accounts.
- The Trial Fund can be transferred between the Standard Futures Account and the Perpetual Futures Account and will be transferred before users' own assets.
Note: Any users involved in unfair activities to reap Trial Funds will be held accountable for any losses incurred by their actions. BingX reserves the right to the final interpretation of the Trial Fund.