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Can you tell me the typical spread for the EUR/USD currency pair on a standard BingX account?

Broker Issues
BingX
Fees and Spreads
06-04
United States
WikiFX
Reply

Based on my involvement in the trading community and my careful examination of BingX's public information, I cannot identify an official or transparent listing of typical spreads for the EUR/USD pair on a standard BingX account. In fact, BingX is fundamentally a cryptocurrency-focused platform and does not support conventional forex trading pairs, including EUR/USD. The platform offers digital assets such as Bitcoin, Ethereum, and other cryptocurrencies, as well as futures and derivatives with leverage—sometimes up to 1:125—rather than spot forex products. I believe this distinction is crucial for traders to understand. Even though BingX provides various trading instruments and features like copy trading, it does not serve as a conventional forex broker. Its platform fees are stated for crypto contracts and spot crypto transactions, but not for classic currency pairs. Furthermore, from a risk management perspective, the absence of any regulatory oversight, combined with public user complaints regarding withdrawal difficulties and customer support challenges, is a major consideration for me. In summary, if you are seeking to trade EUR/USD or other major forex pairs with well-defined spreads and regulatory assurance, I would not rely on BingX, as it does not currently offer such assets or disclose related spread information. My advice is to approach platforms without regulatory protection cautiously, especially when handling traditional forex instruments.

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