7 minute read
JustMarkets vs BingX: Which Platform Is Better for You?
from JustMarkets
by Exness_India
When choosing between JustMarkets and BingX, the answer depends on what type of trader you are. If you’re looking for a traditional forex and CFD broker with regulated offerings and solid trading platforms, JustMarkets is your go-to. But if you’re more inclined toward crypto trading with social trading features and innovative tools, BingX takes the lead. Let’s dive deeper into the differences, strengths, and limitations of both so you can confidently decide which platform suits your trading needs best.
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What Is JustMarkets?
JustMarkets is a well-known online forex and CFD broker that caters to traders worldwide. It offers a wide range of assets, including forex pairs, commodities, indices, and cryptocurrencies. With MetaTrader 4 and MetaTrader 5 as its main platforms, JustMarkets supports advanced charting, expert advisors, and various order types—features professional and algorithmic traders often look for.
Founded in 2012, JustMarkets is regulated by the Financial Services Authority (FSA) of Seychelles, providing a certain level of credibility and compliance. It’s popular for its low spreads, flexible account types (including raw spread accounts), and high leverage—up to 1:3000 for certain account categories.
What Is BingX?
BingX, on the other hand, is a cryptocurrency exchange platform that specializes in crypto spot and derivatives trading. Launched in 2018, it has gained significant traction, especially among newer crypto traders, because of its simple interface and social trading features.
BingX is not just about buying and selling crypto—it allows users to copy trades from experienced traders, making it a suitable platform for beginners. While it does offer standard crypto services such as spot and perpetual trading, its standout feature is copy trading. Regulation-wise, BingX holds licenses in jurisdictions such as Lithuania and operates under a more relaxed framework compared to traditional forex brokers.
Core Differences: Regulation and Safety
JustMarkets operates under a relatively strict regulatory framework and offers fund segregation and negative balance protection, ensuring client funds are safe and secure. It’s a reliable option for users who value regulatory oversight and transparent policies.
BingX, while licensed in some jurisdictions, operates with less regulatory rigor. This is typical for many crypto platforms. While BingX has made efforts to build trust by being transparent about its operations and security measures, it doesn’t offer the same level of protection as a broker like JustMarkets.
If regulation, safety, and fund protection are critical for you, JustMarkets offers a more secure environment.
Asset Offerings: Traditional vs Crypto-Centric
JustMarkets provides access to a variety of markets including forex, indices, commodities, and crypto CFDs. However, its primary strength lies in forex trading. Traders who want access to major, minor, and exotic currency pairs will find JustMarkets extremely competitive.
BingX focuses primarily on crypto. You’ll find a wide selection of crypto coins and trading pairs, from mainstream coins like Bitcoin and Ethereum to meme coins and lesser-known tokens. BingX also offers perpetual futures contracts and a simple method to switch between spot and derivative markets.
For those who primarily want to trade cryptocurrencies and participate in copy trading, BingX is a clear winner. If you’re looking to diversify into forex or trade with high leverage on multiple asset classes, JustMarkets is more suitable.
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Trading Platforms and User Experience
JustMarkets uses MetaTrader 4 and MetaTrader 5, which are the gold standard in trading platforms. These platforms offer robust charting tools, automated trading, advanced order types, and are highly customizable. They’re ideal for traders who require precision and automation in their trading strategies.
BingX, in contrast, offers a modern web-based and mobile app interface tailored for crypto traders. The platform is designed to be beginner-friendly, with intuitive dashboards and social trading features that make following other traders easy. However, it lacks the advanced charting and automation capabilities of MetaTrader.
If you’re an experienced trader who wants control, JustMarkets provides more powerful tools. If you prefer ease-of-use and social features, BingX is better suited to your style.
Copy Trading and Social Features
This is where BingX clearly shines. The platform has built-in copy trading capabilities, allowing users to follow top-performing traders and automatically replicate their trades. This makes BingX extremely attractive for newcomers who want exposure to the crypto markets without needing in-depth trading skills.
JustMarkets also offers copy trading via third-party platforms like ZuluTrade and Myfxbook AutoTrade, but it isn’t as seamless or integrated as BingX. Setting up copy trading on JustMarkets requires additional steps and technical know-how.
So, if copy trading is important to you, especially in crypto, BingX provides a more integrated and user-friendly experience.
Leverage and Risk Management
JustMarkets offers high leverage—up to 1:3000 depending on account type and asset—which is appealing to experienced traders who want to maximize returns. However, high leverage also means higher risk. Fortunately, JustMarkets provides risk management tools like negative balance protection and stop-out levels.
BingX also provides leverage, particularly in derivatives trading, with up to 125x on some crypto pairs. But the nature of crypto markets already introduces volatility, and such high leverage can be extremely risky, especially for beginners.
In summary, both platforms offer high leverage, but JustMarkets provides better tools for managing risk and maintaining control over trading positions.
Fees and Commissions
JustMarkets offers tight spreads, especially on its ECN and Raw Spread accounts. Some accounts charge commissions per lot, while others are commission-free with slightly higher spreads. Overall, its fee structure is transparent and competitive within the forex industry.
BingX offers zero trading fees on some crypto spot pairs, which is attractive for casual traders. Derivatives trading comes with standard maker-taker fees, which are comparable to other crypto exchanges. However, fees can vary depending on market conditions and liquidity.
If you're a cost-sensitive trader looking for the lowest spreads and commissions in forex, JustMarkets has the edge. If you're focused on crypto with minimal fees for small trades, BingX might be more affordable.
Deposit and Withdrawal Options
JustMarkets supports a wide range of deposit methods including bank cards, wire transfers, e-wallets like Skrill, Neteller, and crypto payments. Withdrawal times are generally fast, and customer support is responsive.
BingX focuses more on crypto deposits and withdrawals. You can fund your account using USDT, BTC, and other popular cryptocurrencies. Fiat options are available but limited compared to JustMarkets.
For flexibility in funding and withdrawing in various currencies and methods, JustMarkets offers broader choices. BingX is more focused on the crypto-native user.
Customer Support
JustMarkets provides 24/7 customer support via live chat, email, and in some cases, phone. The response time is quick, and the support team is knowledgeable.
BingX also offers responsive support, but mostly via online ticketing and live chat. Support is generally good, but may lack the comprehensive financial expertise found in traditional brokers.
If top-tier customer service is a priority, especially for financial questions, JustMarkets holds the advantage.
Final Verdict: Which Is Better?
· Choose JustMarkets if you’re a traditional trader looking for a regulated broker, access to global markets, tight spreads, and professional tools like MT4/MT5. It’s ideal for serious forex and CFD traders who value precision and control.
· Choose BingX if you’re focused on crypto trading, want access to an easy-to-use platform, and are interested in social or copy trading. It’s better suited to beginners or crypto enthusiasts who prefer simplicity and community-driven trading.
Both platforms have their strengths, but the “better” option really depends on your trading goals. Are you here to build a serious trading career in forex and global assets? Go with JustMarkets. Are you experimenting with crypto or want to follow top traders? Try BingX.
In today’s fast-moving financial world, choosing the right platform is crucial. Think carefully about your goals, trading style, and risk tolerance—then pick the one that aligns best with your path.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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