BigoMex is a user-friendly cryptocurrency contracts trading platform with a clear goal: provide easy-to-use and secure trading services to investors. Most of the crypto trading platforms currently available in the market are usually very confusing and complicated to use for newcomers.
BigoMex wants to change that with different features. For example, the platform is offering an interactive tutorial for traders to have a clear understanding of the market. Additionally, with a demo account, new traders could easily test their strategies and improve over time.
In this BigoMex review, we will share with you all the information you should have about why this platform is among the most user-friendly in the market. Furthermore, the platform is registered in Singapore under ACRA. In the United States, the exchange is supervised by the MSB.
Why BigoMex Trading Platform is User Friendly?
As we mentioned before, BigoMex wants to provide trading services to clients from all over the world. However, the goal is to make it user-friendly rather than complicated. The crypto and financial markets manage difficult terminology, which is certainly confusing for traders.
This is why they have decided to release a wide range of features that make the BigoMex trading platform extremely suitable for newcomers and traders.
User-Interactive Step-by-Step Trading Tutorial
The first point we need to mention is related to its user-interactive step-by-step trading tutorial. With it, users can get access to valuable resources related to trading terminology, platform features and more.
For example, some of the topics users can find using BigoMex Contracts Trading Tutorial include the following:
- What is contracts trading?
- What is long/short?
- What is margin?
- What is leverage?
- How profit is calculated?
Demo Trading Account
The second feature the platform added is a demo trading account. With it, users do not need to be worried about losing their funds. Indeed, they can use the demo account in order to test their strategies, learn how to use the platform and get used to digital assets and their fluctuations.
Most cryptocurrency trading platforms do not offer demo accounts. This is why we took that into consideration for this BigoMex review.
Simplifying menus and making the whole platform intuitive is also one of the main aspects of this BigoMex review. The entire crypto contracts platform has been built taking into account how easy it is for users to manage it.
The trading panel makes it possible for users to understand how to handle the contracts they want to buy and sell. Rather than thinking about how to use the platform, traders can focus on their trading strategies and their implementation.
Start Trading With Just 2 USDT
If you do not want to risk a lot of money but you still want to trade crypto contracts, we know that most of the trading platforms do not offer the possibility to trade with small amounts. Indeed, there is usually a minimum amount needed to trade.
For example, some platforms require users to trade with at least 10 USDT or 20 USDT. This is why having a 2 USDT minimum margin would let users trade and get experience in the market without being worried about losing massive amounts of money.
It is worth mentioning that the 2 USDT margin can be used to trade with up to 100x leverage. In that way, a 2 USDT position with 100x leverage allows us to handle 200 USDT.
Simply Trade 17 Trading Pairs
Users can also start trading and handling different trading pairs. If you do not like to trade the same asset, then this is the right platform for you. This BigoMex review takes into consideration the trading pairs available on this platform.
With an offering of 17 different USDT trading pairs, it makes it easier for users to handle a wide range of digital assets.
Simple Trading Fees
The trading fees are also very simple. While some exchanges have very complicated and different fee schemes, BigoMex worked in order to offer users a one-time fee that is charged once the position gets closed.
Moreover, there is no force liquidation on this platform and users can also reduce their losses through stop-loss or take-profit positions.
Promotions and bonuses are also important for users. Through these promotions, users can earn unique rewards and enjoy their experience using the platform. Some exchanges focus only on their trading solutions, however, BigoMex is also sharing with users some of the best promotions offered by exchanges right now.
BigoMex Reduces Users’ Trading Costs
The exchange is also offering unique trading solutions that lower traders’ costs. In this way, they can get more for their money and have a wide range of opportunities to trade in the market.
Perks and Bonuses
There are some perks and bonuses that can be used to deduct their margin up to 25%. In this way, it is possible to use a lower margin for a position with higher leverage. Furthermore, BigoMex offers users trading fee deductions. This helps traders become more efficient when trading. The lower the fees, the easier it is for traders to become profitable. In some cases, the fees could be reduced by up to 50%.
The exchange is also offering a bonus package that would help you get a 268 USDT trading bonus. This can be the best way to start trading in this crypto contracts platform. You can deposit funds and get an additional USDT amount that would help you open larger positions and get a larger exposure to digital assets.
New trading bonuses could be promoted by the platform at any time. This is why it becomes important to follow the latest announcements made by the exchange.
One of the most interesting services offered by the platform is the possibility to mine USDT. Through its Captain Miner solutions, users can mine USDT. Although USDT cannot be mined (it is generated by iFinex), traders can earn rewards on a daily basis.
Users can double and increase their USDT rewards by doing simple tasks. For example, if they share the exchange link on social media they get extra points. Moreover, if the trader uses one of the trading solutions offered by the exchange they can also increase their USDT rewards over time.
No First-Deposit Reward
Finally, it is worth mentioning in this BigoMex review that users do not need to deposit money first to be rewarded. This is one of the main differences with other competitors. By simply creating an account and using the exchange they can already be eligible to earn rewards.
Of course, these rewards get potentiated if a deposit is made by traders. Thus, using the exchange could be one of the best ways of lowering investors’ trading costs.