Beginner’s Guide
BingX Upgraded Trial Fund Explained
BingX
2023-08-14 18:40

Dear Users,

In order to enhance user experience, BingX has upgraded the trial funds feature. It's now accessible through "My Vouchers", and relevant activation processes, transfer rules, expiration rules, and Offset Ratio have been updated. To ensure a seamless experience, we recommend updating the app to version v3.65.0 or above.

Please note:
1. Starting from 2023-08-01, BingX will no longer support the transfer of trial funds (including previously activated trial funds) between different futures accounts.
2. The new trial fund is issued in the form of voucher and adopts a new activation process, which requires users to go to My Vouchers to activate it. The activated trial funds of the old type remain unaffected and can still be used.
3. Regarding expiration time and Offset Ratio, if a user possesses both the new and old types of trial funds, redeeming the new trial funds may require you to use the existing ones first. After successful redemption, the new Offset Ratio and expiration time will be applied. If you don't redeem the new trial funds, the expiration time and Offset Ratio of your existing trial funds will remain unchanged. Specific scenarios are as follows:

 
Scenario
Redemption
1
No trial fund balance.
Redeemable
2
Has trial fund balance, the Offset Ratio for the account and vouchers is the same.
Redeemable
3
Has trial fund balance, the Offset Ratio for the account and vouchers is different, the account has no open positions or pending orders.
Yes. When redeeming, a pop-up will warn that if you redeem the new trial fund voucher, the existing trial fund balance will be taken back. The user needs to manually confirm.
4
Has trial fund balance, the Offset Ratio for the account and vouchers is different, the account has open positions or pending orders.
Not redeemable


The differences between the rules for using new and old trial funds are as follows.

Category
New Version
Old Version
Applicable businesses
Futures (includes futures copy trading):
Standard Futures Trial Fund applies to Standard Futures only
Perpetual Futures Trial Fund applies to Perpetual Futures only
Futures (includes futures copy trading):
Trial funds can be used for both Standard Futures and Perpetual Futures
Scope of application
Issued in the form of voucher and then credited to Futures account in the form of tradable assets after redemption. It can be used as margin in conjunction with users' own assets. It can also be used to offset trading losses, but cannot be used to offset trading fees.
Issued as tradable assets and can be used with the users' own assets as Futures margin and to offset losses and trading fees
Access
Trial Fund voucher: My Vouchers
Trial funds: My Assets
My Assets
How to use it
Check the Trial Fund voucher in My Vouchers 👉🏻 Click Redeem (the voucher may require completing a deposit/trading task first) 👉🏻 The trial fund is credited to the corresponding futures account 👉🏻 Use it for futures trading
View trial fund (may require unlocking by completing a deposit task) in Fund Account 👉🏻 Use it for futures trading
Activation requirement
1. No threshold: can be used directly after successful redemption
2. Has threshold: users needs to complete the deposit or trading task shown on the voucher in order to redeem them for futures funds
*Note: The deposit task only counts USDT deposits and internal transfers, and do not cover crypto purchase via P2P Buy or a credit card
1. No threshold: can be used directly
2. With a threshold: users need to meet the requirement indicated in Futures account first to be able to use it
Transfer
1. The trial fund cannot be transferred between users' Standard Futures Account and Perpetual Futures Account
2. It cannot be transferred out of Futures account
1. The trial fund can be transferred between users' Standard Futures Account and Perpetual Futures Account
2. It cannot be transferred out of Futures account
Scenarios rendering the trial fund invalid
1. Withdraw any crypto (resulting in the invalidity of all trial funds)
2. Transfer the same cryptocurrency as trial fund out of the corresponding futures account (resulting in the invalidity of the remaining trial funds in the account)
3. Fail to redeem it within the time limit (the voucher expires)
4. Fail to use it within the time limit (the trial fund expires)
5. Use it in a prohibited way and it's forfeited by the risk control system
1. Withdraw any crypto (resulting in the invalidity of all trial funds)
2. Use it in a prohibited way and it's forfeited by the risk control system
How it is offset
Trial funds and the user's own funds will be deducted proportionally. If the trial fund is insufficient, the shortfall will be covered by the user's own funds, and vice versa
Deducted prior to the user's own assets
Commission on trading fees
1. The trading volume generated by the trial funds will not result in any commission on trading fees.
2. Trial funds cannot be used to offset trading fees.
1. The trading volume generated by the trial funds will not result in any commission on trading fees.
2. Trading fees offset with trial funds aren't eligible for commissions

For more information on process and rules of the new trial fund, please refer to BingX Tutorial | What Is Trial Fund.

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