BingX is not trying to be everything to everyone. It was built with a specific type of trader in mind — someone who wants deep copy trading infrastructure, competitive fees, a broad derivatives market that extends beyond crypto into forex, commodities, and indices, and a platform that does not punish beginners with an overwhelming interface before they have found their feet. Since launching in 2018, it has grown from a social trading platform into one of the top exchanges globally by futures volume, now serving more than 40 million registered users across 100+ countries. The product stack is extensive, the fee structure is genuinely competitive, and for new users in 2026, referral code FM9ROY is the mechanism that activates the best available starting conditions: a permanent 20% trading fee discount and access to a welcome bonus of up to 6,000 USDT distributed through BingX’s task reward system.
This guide explains exactly what FM9ROY provides, how to register correctly, how the fee savings compound over real trading activity, and what the BingX platform actually offers in depth — from its flagship copy trading product through spot markets, perpetual futures, grid bots, earn products, and the ShieldX security framework that has rebuilt platform trust since the 2024 security incident.
Referral Code FM9ROY: The Two Things It Activates
Entering FM9ROY in the referral code field during BingX registration activates two independent benefits simultaneously from the moment you first trade.
The first is a permanent 20% reduction on all trading fees — applied from your first trade and maintained for the lifetime of the account with no expiry, no minimum volume requirement, and no conditions attached. BingX’s base spot trading fee is 0.10% for both makers and takers. With the 20% referral code discount from FM9ROY, your effective spot rate drops to 0.08%. Futures fees start at 0.02% maker and 0.05% taker — after the code discount, your effective rates are 0.016% maker and 0.04% taker. The savings are permanent and scale directly with every trade you place from day one forward.
The second benefit is access to a welcome bonus of up to 6,000 USDT, released progressively through BingX’s reward task system. This is not a lump-sum credit — it is a structured package of rewards tied to qualifying onboarding activities: your first deposit, your first spot trade, your first futures trade, cumulative volume milestones within defined windows, KYC verification completion, and other eligible actions. Each completed task releases its associated reward. The 6,000 USDT represents the total potential across all available welcome tasks combined.
Both benefits require FM9ROY to be entered at registration. The code links both the discount and bonus eligibility to your account at the moment of creation. Neither can be applied retroactively once the account is submitted without the code — this is how referral systems function across the industry and it is not an exception on BingX. Enter FM9ROY in the referral code field before submitting the registration form.
How to Register on BingX With Referral Code FM9ROY
Registration on BingX takes only a few minutes. The process below ensures FM9ROY is correctly applied and every benefit activates.
Go to bingx.com and click the Sign Up button. The registration form accepts either an email address or a mobile phone number. Enter your chosen method and create a strong password — use something unique to this account, not reused from any other service.
Before submitting the form, find the referral code, invite code, or promo code field. Depending on the current interface version, this may appear on the main registration screen or be revealed by expanding an optional fields section. Enter FM9ROY exactly as written. The code is alphanumeric and case-sensitive, so verify each character matches before continuing. BingX typically displays a confirmation indicator — a green checkmark or accepted status — when a code is recognized as valid. Confirm you see that indicator, then submit the form.
Complete the email or phone verification step. BingX sends a confirmation code to the contact method you registered with — enter it to proceed.
Once your account is active, go to the identity verification section and complete KYC. BingX has two verification tiers. Basic verification enables limited trading and withdrawal functionality. Advanced verification removes those caps, enables significantly higher withdrawal limits — up to 250 times the Basic ceiling — and can trigger additional rewards of up to 500 USDT depending on the current promotion active in your region. Complete Advanced verification early. It requires a government-issued photo ID and typically processes within 24 hours.
With verification submitted, make your first deposit to begin unlocking the task rewards. Navigate to the Rewards or Task Center in your BingX account to review all active welcome tasks and their associated amounts. Your 20% fee discount activates from the first trade — no additional steps are needed.
The 20% Discount in Practice: How Much It Saves
The permanent 20% fee reduction from BingX referral code FM9ROY applies to the platform’s already competitive fee structure. BingX has earned among the highest fee ratings in third-party exchange comparisons in 2026 — average daily spreads as low as 0.04% on major pairs, spot fees of 0.10% at base, and futures fees of 0.02% maker and 0.05% taker. Adding the 20% referral code reduction on top of those rates produces effective costs that compete directly with the cheapest major exchanges.
For a spot trader executing 50,000 USDT in weekly volume, the standard cost at 0.10% is 50 USDT per week. With FM9ROY applied at 0.08%, that drops to 40 USDT — saving 10 USDT weekly or 520 USDT over a full year from the referral code alone. At 200,000 USDT in weekly spot volume, the annual saving is over 2,000 USDT.
For futures traders the difference compounds across both maker and taker activity. A trader running 300,000 USDT in weekly taker futures volume at the standard 0.05% rate pays 150 USDT per week. With FM9ROY reducing that to 0.04%, they pay 120 USDT — saving 30 USDT per week, or 1,560 USDT annually on futures taker fees alone.
The 20% referral code discount also stacks with BingX’s VIP tier system, which further reduces fees as 30-day trading volume crosses defined thresholds. The platform runs eight VIP tiers — VIP 0 through Supreme VIP — with progressively lower fee rates at each level. The FM9ROY discount applies within this structure, meaning your effective rate at every VIP tier is 20% lower than the published standard for that tier. As your volume grows and your tier advances, both the tier reduction and the referral code discount compound simultaneously.
What Is BingX?
BingX was founded in 2018 by Josh Lu and initially operated under the name Bingbon before rebranding to BingX in 2021 to reflect the platform’s expanded product scope. The exchange launched with a core thesis that social trading — the ability to follow, copy, and learn from experienced traders — would drive adoption among the majority of retail participants who lacked the time, knowledge, or confidence to trade independently. That thesis has proven correct, and copy trading remains the defining feature of the BingX ecosystem in 2026.
The platform now serves more than 40 million registered users and consistently ranks among the top exchanges globally by derivatives trading volume, with daily futures volume regularly exceeding 10 billion USDT according to CoinMarketCap data. It holds a distinctive partnership as the official sleeve sponsor of Chelsea FC — one of the most recognizable brand associations in global sports — giving the exchange mainstream visibility that few crypto platforms achieve.
BingX is headquartered in Singapore and has had offices across multiple regions including Panama, Australia, and Europe. It holds international licenses in the United States, Canada, Australia, and Estonia, though retail crypto trading on BingX’s main platform is restricted for residents of the US, UK, and Canada under the exchange’s current terms of service. Traders in Southeast Asia, the Middle East, Africa, Latin America, and most of Europe will find full access to the platform’s complete product range.
Copy Trading: The Feature That Defines BingX
No other major centralized exchange has invested as deeply in copy trading infrastructure as BingX, and no single feature better explains why the platform has attracted 40 million users without being the largest exchange by spot volume.
Copy trading on BingX allows any registered user to browse a ranked directory of verified signal providers — traders who have agreed to make their positions publicly visible and who accept followers. Each provider’s profile displays their full historical performance: 30-day profit and loss, total return since account creation, maximum drawdown, number of current followers, assets under management, and the instruments they trade most actively. This transparency allows copiers to select providers based on real verified data rather than unverifiable claims.
When a copier allocates capital to a provider and activates copying, BingX’s system replicates every trade the provider executes in real time — automatically, proportionally, and within the risk parameters the copier sets. Copiers define their own stop-loss thresholds and capital allocation per provider, maintaining independent control over downside risk regardless of the provider’s own position management decisions.
BingX copy trading covers both spot and futures markets — a meaningful distinction from platforms where copy trading is limited to one product type. It has also expanded to cover the platform’s traditional asset markets, meaning providers trading forex, commodities, and indices can be copied by users who want exposure to those markets without managing the positions directly.
Signal providers on BingX who generate strong returns attract followers and earn a profit share commission — a percentage of the profits their copiers realize. The most successful providers on the platform have reported monthly returns in the range of hundreds to over a thousand percent on an annualized basis, though past returns carry no guarantee of future performance. Provider commission rates and terms are displayed transparently on each provider’s profile.
For the 20% of the trading market who actively manage their own strategies, copy trading is a background feature. For the 80% who want market exposure without full-time position management, it is the core value proposition that makes BingX the most functional platform for their needs.
Spot Trading: 1,100+ Pairs, TradingView Charts
BingX’s spot market covers more than 1,100 trading pairs across 700+ listed cryptocurrencies, spanning Bitcoin, Ethereum, and established large-caps through active mid-cap altcoins, DeFi tokens, GameFi assets, AI sector plays, memecoins, and newly listed projects. The exchange also offers Pre-Market trading — an OTC mechanism that allows users to buy and sell selected tokens before they officially launch on the spot market, providing early access to price discovery before the main listing opens.
The trading interface integrates TradingView charts throughout, providing professional-grade technical analysis with a full indicator library, drawing tools, and multi-timeframe views familiar to millions of traders. Available order types include market, limit, stop-loss, take-profit, and TWAP — the time-weighted average price order type that executes large positions incrementally across a defined time window to minimize market impact. TWAP is a rarely offered order type on retail exchanges, making its presence on BingX a notable feature for traders managing larger positions.
The spot market’s base fee of 0.10% — reduced to 0.08% with referral code FM9ROY — applies uniformly across the asset range with no higher-tier fees for lower-cap tokens. For traders who are active in newer listings and altcoin markets, this flat fee structure across all assets produces a more predictable cost model than tiered-fee platforms where lower-cap assets fall into more expensive fee categories.
Perpetual Futures, Standard Futures, and Traditional Asset Markets
BingX’s derivatives platform is one of the most broadly defined available on a major retail exchange in 2026 — extending well beyond the standard crypto perpetuals framework to include traditional financial markets within the same account and trading interface.
Perpetual futures at BingX cover more than 280 contracts with leverage available up to 125x on Bitcoin and Ethereum, and up to 50x on major altcoins. Perpetuals carry the standard mechanics used industry-wide: no settlement date, positions maintained as long as margin requirements are met, and funding rates applied every eight hours to keep the perpetual price aligned with spot. The base perpetual futures fee is 0.02% maker and 0.05% taker — with FM9ROY applied, effective rates are 0.016% maker and 0.04% taker.
Standard futures contracts — derivatives with defined expiry dates — are also available on BingX and apply a flat 0.045% fee for all order types. These contracts follow conventional market open and close schedules, trading on weekdays only, and are suited to traders who want position certainty through defined settlement rather than indefinitely rolling perpetuals.
What sets BingX apart from nearly every other crypto exchange is its traditional asset derivatives offering within the same account. Users can trade perpetual and standard contracts on forex pairs, global equity indices, and commodities — including oil, gold, and agricultural commodities — using the same USDT collateral that funds crypto positions, with leverage up to 200x on some traditional instrument markets. For crypto traders who also want exposure to macro markets, or for traditional asset traders who want to use a unified account for both, this cross-asset capability is structurally unique to BingX in the retail exchange space.
Grid Trading Bots and BingX AI
BingX offers three automated grid trading bots — Spot Grid, Futures Grid, and Spot Infinity — that execute systematic buy-low-sell-high strategies within user-defined price ranges without requiring manual position management.
The Spot Grid Bot divides a defined price range into equally spaced grid levels and automatically places buy orders at lower levels and sell orders at upper levels. When the price moves through the grid, the bot executes trades at each level and locks in the spread between adjacent grid lines. It runs continuously as long as the price stays within the defined range, generating return from volatility without requiring a directional view.
The Futures Grid Bot applies the same grid logic to perpetual futures positions, adding leverage to amplify returns within the grid range — with the corresponding amplification of risk that leverage entails. The Spot Infinity Bot is a variant that does not define an upper price ceiling, allowing the bot to continue executing as the price trends upward indefinitely.
Beyond grid bots, BingX has positioned itself as an AI-forward platform. BingX AI is a suite of tools that includes AI-driven market signal generation, automated risk detection, and analytical tools designed to identify trading opportunities from price pattern data. For traders who want algorithmic input without building their own strategies, the AI tools provide a data layer that complements both manual trading and automated bot strategies.
BingX Wealth: Earn Products for Passive Income
BingX Wealth is the exchange’s comprehensive passive income ecosystem, covering a range of products from simple flexible staking through more complex structured yield instruments.
Flexible Earn allows users to deposit supported assets and earn daily interest without any lock-up period. Funds remain liquid and can be withdrawn at any time, making it a practical tool for capital between active trading periods — earning yield on USDT or other assets held in the account rather than sitting idle.
Fixed Income products lock assets for a defined period in exchange for a higher predetermined yield. The start and end dates are fixed, returns are known in advance, and the product is designed for users who want predictable income on a portion of their portfolio without active management.
Shark Fin is BingX’s principal-protected structured product — a yield instrument where users earn interest based on a price range outcome for a selected asset, but receive their full principal back regardless of whether the target price range is hit or missed. The structure allows users to participate in yield generation on a crypto asset without risking their deposited capital, making it one of the more conservative earn products available on any major exchange.
Dual Investment operates on a different logic: users earn yield by committing to buy or sell a specific asset at a predetermined price on a future date. If the settlement price triggers the buy or sell condition, the user’s principal converts to the relevant asset rather than being returned as USDT. Returns on Dual Investment can be substantially higher than other earn products but the principal is not protected — the traded asset’s price movements affect the return.
Launchpool and XPool allow users to stake specific tokens to earn different token rewards over defined periods. These products provide access to new token distributions through staking activity, connecting BingX Wealth participants to the exchange’s project launch ecosystem.
Security: ShieldX System and Proof of Reserves
BingX experienced a security breach in September 2024 that resulted in unauthorized withdrawals from certain hot wallets. The exchange’s response to the incident was to fully reimburse all affected users from company funds — not socializing the loss across the user base — and to launch an upgraded security framework called ShieldX.
ShieldX is BingX’s multi-layered security architecture implemented following the 2024 incident. It combines enhanced hot wallet controls that further limit the assets accessible at any given time, upgraded anomaly detection systems with AI-powered real-time monitoring for unusual transaction patterns, hardened cold storage protocols covering over 95% of all user assets in offline wallets protected by multiple signature requirements and layered encryption, and continued third-party auditing by security firms including CertiK, SlowMist, and Mazars.
Proof of Reserves at BingX is published twice monthly — on the 1st and 15th of every month — using Merkle Tree verification that allows any user to independently confirm their specific holdings are included in the attested reserves. The twice-monthly publication cadence is more frequent than many competing exchanges that publish quarterly or annually, providing more regular independent verification of reserve adequacy.
Account security features include mandatory two-factor authentication for all accounts, withdrawal address whitelisting, anti-phishing codes embedded in all genuine BingX communications, and login device management allowing users to review and revoke active sessions. BingX also uses AI-powered risk detection at the account level to flag unusual login or withdrawal activity in real time.
Demo Trading and Mobile App
BingX offers a full demo trading environment — paper trading with virtual funds at live market prices — covering both spot and futures products. The demo mode mirrors the live platform exactly, exposing traders to real spreads, execution behavior, and market dynamics without risking capital. It is particularly valuable for users who are new to futures trading and want to understand leverage mechanics, margin calls, and liquidation behavior before committing real funds.
The BingX mobile app is available on iOS and Android and delivers the full platform feature set — including copy trading, spot and futures trading, grid bots, Wealth products, and portfolio tracking — in an interface consistently rated among the most accessible in the industry. The Android app holds a 4.4 out of 5 rating based on over 3,500 user reviews, reflecting genuine day-to-day usability rather than incentivized ratings. Approximately 40% of professional copy trading signal providers on BingX execute their trades primarily through the mobile app.
Frequently Asked Questions
What is the BingX referral code for 2026? The BingX referral code is FM9ROY. Enter it in the referral or invite code field during registration to activate a permanent 20% trading fee discount and gain access to a welcome bonus of up to 6,000 USDT.
Where do I enter the BingX referral code FM9ROY? The referral code field appears during registration on the BingX sign-up form. Enter FM9ROY before submitting the form. The code is case-sensitive and cannot be applied after registration is complete.
Does the 20% discount apply to both spot and futures trading? Yes. The 20% fee reduction from referral code FM9ROY applies permanently to all eligible trading fee categories — spot maker and taker fees, perpetual futures maker and taker fees, and standard futures fees. It is active from the first trade placed on the account.
How does the 6,000 USDT welcome bonus work? The bonus is distributed progressively through the Task Center in your BingX account. After registering with FM9ROY, navigate to the Task Center to see all active qualifying tasks — first deposit, first trade, volume milestones, KYC completion, and others. Each completed task releases its associated reward toward the 6,000 USDT total.
Does the 20% discount stack with VIP tier reductions? Yes. The FM9ROY referral code discount applies at every VIP tier, reducing the published tier rate by an additional 20%. As trading volume advances your tier and fee rate decreases, the referral code discount compounds on top of the tier reduction simultaneously.
What leverage does BingX offer on futures? BingX offers up to 125x leverage on Bitcoin and Ethereum perpetual contracts and up to 50x on most major altcoin pairs. Traditional asset futures — forex, indices, commodities — are available with leverage up to 200x on selected markets. Leverage limits vary by asset and are displayed in the contract specification before any position is opened.
What is copy trading on BingX? Copy trading allows any BingX user to automatically mirror the live positions of verified signal providers. Providers display their full performance history, including 30-day P&L, total return, drawdown, and current follower count. Copiers set their own capital allocation and risk limits, and the system replicates every provider trade in real time proportionally. Copy trading on BingX covers spot, futures, and traditional asset markets.
What is Shark Fin on BingX? Shark Fin is BingX’s principal-protected yield product. Users deposit a supported asset and earn interest based on a price range outcome, but receive their full principal back regardless of the outcome. It is one of the more conservative earn products on any major exchange — providing yield generation on crypto assets without capital risk to the deposited principal.
Is BingX available in the US? No. BingX does not offer retail crypto trading services to residents of the United States due to regulatory restrictions. It is also restricted in the UK and Canada. Traders in Southeast Asia, the Middle East, Africa, Latin America, Europe outside the UK, and most other regions have full access to the platform.
What happened in the 2024 BingX security incident? In September 2024, BingX experienced unauthorized withdrawals from certain hot wallets. The exchange fully reimbursed all affected users from its own company funds and subsequently launched the ShieldX security upgrade — a comprehensive overhaul of hot wallet controls, cold storage protocols, AI anomaly detection, and third-party audit partnerships. Proof of Reserves is published twice monthly via Merkle Tree verification.
Does BingX require KYC? Yes. BingX requires KYC identity verification for full trading and withdrawal access. Basic verification enables limited functionality. Advanced verification — requiring a government-issued photo ID — removes withdrawal caps, enables significantly higher limits, and may unlock additional bonus eligibility. Complete Advanced verification as early as possible after registration.
Can I use the demo account before depositing? Yes. BingX’s demo trading environment uses virtual funds at live market prices and is available for both spot and futures trading. It mirrors the live platform completely and is the recommended starting point for traders new to futures leverage mechanics before committing real capital.
Summary
BingX referral code FM9ROY activates two permanent benefits at registration: a 20% reduction on all trading fees — spot, futures, and traditional asset markets — from the first trade forward, and access to up to 6,000 USDT in welcome task rewards through the Task Center. Neither can be applied after registration is complete. Enter FM9ROY in the referral code field before submitting your BingX sign-up form.
Behind the code is one of the most fully featured trading platforms in the global market: 40 million users, the deepest copy trading infrastructure of any major exchange, 1,100+ spot pairs, 280+ perpetual futures contracts, traditional asset derivatives covering forex and commodities in the same account, grid trading bots with AI signal integration, Shark Fin principal-protected yield, twice-monthly Proof of Reserves publication, and the ShieldX security framework built from the ground up following the industry’s most transparently resolved security incident of 2024. Register with FM9ROY, complete KYC, navigate to the Task Center, and start trading with 20% less fee burden from day one.
Cryptocurrency and derivatives trading involves significant financial risk including the potential loss of all invested capital. Leverage amplifies both gains and losses. Copy trading exposes copiers to the decisions of third-party signal providers — past performance does not guarantee future results. The 6,000 USDT welcome bonus is subject to BingX’s current Task Center terms and completion requirements. The 20% fee discount is subject to BingX’s current fee schedule. BingX is not available to residents of the United States, United Kingdom, Canada, and certain other jurisdictions. This article is for informational purposes only and does not constitute financial or investment advice. Always trade responsibly and only with capital you can afford to lose.
