Dear Users,

Thank you for using BingX's CFD trading service. To help you experience BingX CFD trading with a lower barrier, BingX is launching the CFD credits feature. Please read this document carefully before use to fully understand the usage rules, reclaim mechanism, and related considerations for CFD credits.

1) What Are CFD Credits

CFD credits are trading benefits issued by the BingX platform to eligible users. Their sole purpose is to increase the available margin in your CFD account and expand your position-opening capacity.

1. Core features overview

* The credits amount itself does not increase or decrease due to trading PnL. All trading losses, fees, and swap fees are deducted from your account balance, and the credits amount remains unchanged — unless a reclaim condition is triggered.
 

3) Scope of Application for Credits

Credits apply only to BingX CFD trading, covering the following assets: metals, stock indices, forex, and commodities. Not applicable to: Spot trading, USDⓢ-M Perp Futures, Coin-M Perp Futures, standard futures, wealth management products, and other services.

* Specific tradable assets are subject to what is shown on the trading page.

4) Rules for Using Credits

1. How to claim

Credit Vouchers are issued through BingX platform events or task rewards. After completing the corresponding event requirements, you can claim them on the event page or in the Task Center. After claiming, you can view the Credit Voucher's face value and expiration time on the "My Vouchers" page.

2. Redemption conditions

After claiming a Credit Voucher, you must meet the following conditions to redeem it:

CFD account balance ≥ 50 USDx (threshold subject to the specific event's requirements).

Credits are credited to your account immediately after redemption. To confirm the expiration time, go to "My Vouchers" to check.

3. Redemption confirmation prompt

When redeeming, the system will display a confirmation window. Review the following points before clicking "Redeem":

• Credits can only be used as margin in CFD trading. They cannot be withdrawn or transferred.
• Profits generated from trading with credits can be withdrawn.
• After a Credit Voucher expires, any unused credits will be automatically reclaimed.

   * By clicking "Redeem", you confirm that you have read and agree to the Credits Usage Instructions.

4. Stacking rules

• An account can hold multiple Credit Vouchers at the same time, each with its validity period calculated independently.
• The maximum balance of credits per account is 5,000 USDx. If your current credit balance has already reached the maximum at the time of redemption, you will not be able to redeem a new voucher. You will also receive a system notification that the redemption has failed. A new voucher cannot replace an existing active voucher, regardless of whether the new voucher's face value is higher or lower than the existing active voucher's face value.
• Each Credit Voucher can only be redeemed once.

5) How Credits Work

1. Core account formula

After receiving credits, the following account metrics will change (all amounts are denominated in USDx):

Total equity = account balance + unrealized PnL (uPnL) + credits - frozen amount

Available margin = total equity - occupied margin

Margin ratio = total equity / occupied margin x 100%

Transferable amount = Max [ total equity - credits - (margin multiplier x occupied margin), 0 ]

* Margin multiplier explanation: trading day = 1, non-trading day = 2.

3. How credits actually work

Credits count toward total equity, so they can:

• Increase your available margin, letting you open more positions.
• Raise your margin ratio, lowering your liquidation risk.

Credits do not count toward the transferable amount, so:

• You can only transfer or withdraw your own funds. Credits cannot be withdrawn.

4. Account risk warning colors

• < 100%: High risk, red
• ≥ 100% and < 600%: Medium risk, orange
• ≥ 600%: Low risk, green

5. Fee deductions

In CFD trading, the following fees are always deducted from your account balance first, and never from your credits:

• Trading losses
• Commission (charged under ultra-low spread mode, not charged under zero fee mode)
• Swap fee

Credits are never used to offset any fees, and they are not reduced by trading losses.

6) Credits Validity Period

• Each Credit Voucher has its own validity period, calculated from the time of redemption, with expiration accurate to the second (UTC+8).
• Multiple credits each have their own independent validity period and are reclaimed one at a time upon expiration. Unexpired credits are not affected.
• The system will notify you before expiration via email, in-site notifications, and app push notifications. Make sure notification permissions are turned on.
• Once expired, the system automatically reclaims the credits, and this is irreversible and cannot be extended.

* After expired credits are recovered, your total equity and margin ratio will decrease. If you hold open positions at that time, this may trigger liquidation. After receiving an expiration reminder, we recommend evaluating your account risk in advance and reducing your positions or adding funds as needed.

7) Credits Reclaim Mechanism

1. When credits are reclaimed?

When any of the following conditions is met, the system will reclaim credits:

• Own funds reach zero: when account balance + unrealized PnL (uPnL) ≤ 0, all credits are reclaimed immediately.
• Validity period expires: when a voucher expires, its corresponding amount is reclaimed immediately, regardless of whether you hold positions.
• Withdrawal / transfer: deducted proportionally (see calculation formula below).
• Negative balance: if the account balance is still negative after liquidation is completed, all credits are reclaimed in full.
• Freeze by risk control: reclaimed uniformly following the platform's risk control assessment.

Reclaim priority (when multiple conditions are triggered at the same time, they are processed in the following order): negative balance > own funds reach zero > risk control > withdrawal/transfer deduction > expiration. After reclaim, the account will be handled according to normal liquidation/negative balance rules, consistent with the platform's existing rules.

2. Proportional deduction during withdrawal/transfer

When you initiate a withdrawal or transfer, the system calculates the credits to be deducted using the following formula:

Credits deducted = min [withdrawal/transfer amount / (account balance + uPnL - frozen amount), 100%] x current amount of credits

Calculation notes:

• The frozen amount refers to the frozen portion of account balance + uPnL, and does not include the credits themselves.
• Calculations are rounded up to 2 decimal places (e.g., 90.909 → 90.91 USDx).
• Only when "transferable amount > 0" can you initiate a withdrawal/transfer, and only then does this deduction take effect.

Example:

• 500 USDx of deposit, 500 USDx of credits, +50 USDx of uPnL, 100 USDx of withdrawal request.
• Credits deducted = min (100 / 550, 100%) x 500 = 90.91 USDx
• Deducted credits are not refunded.

* Before making a withdrawal/transfer, be sure to confirm: after the withdrawal/transfer, your account balance must be > 0, and your total equity must > your total credits. Otherwise, this will trigger full reclaim of your credits and may result in liquidation.

3. How credits are handled in the event of a negative balance

When extreme market volatility causes account losses to exceed your own funds, the handling order is as follows:

• Reclaim all credits in the account (regardless of the number of vouchers or expiration status).
• Liquidation triggered.

8) Transfer Notice

If your CFD account has redeemed credits, initiating a transfer-out will trigger a pop-up notice based on your account status.

Note: Transferring in funds does not trigger a notice of credits deduction.

9) Account Assets Page

After claiming credits, you can see the following information on the CFD account assets page:

Displayed items: Total equity / Balance / Occupied margin / Available margin / Margin ratio / Unrealized PnL / Credits

Details of each item:

• Total equity: The current total value of all assets in your trading account, including your account balance, unrealized PnL, and current active credits.
• Available margin: Funds available to open new positions. Credits are included in account equity, increasing available margin. The actual available margin is calculated as the account equity minus the occupied margin for open positions.
• Credits: Credits are trading benefits provided by the platform, usable only to increase available margin in your CFD account and expand your position-opening capacity. Credits cannot be withdrawn or transferred, and cannot be used to offset fees, swap fees, or trading losses. The issuance, deduction, or reclaim of credits may affect your margin ratio and increase liquidation risk.

10) Transaction History

Credits-related operations will be recorded under a new "Credits" category in "Transaction History" with details including time, category, and amount changes. You will be notified of Credit Voucher issuance, redemption, upcoming expiration, and reclaim via email, in-site notifications, and app push notifications.

11) Scenario Examples

1. Example A: Account remains safe after credits expire and are reclaimed

2. Example B: Liquidation triggered after credits expire and are reclaimed

Recommendation: After receiving an expiration reminder, you can use the following formula to assess account safety after reclaim:

(Account balance + uPnL) / Occupied margin x 100%

If the result is ≤ 50%, reduce your position or add funds in advance.

3. Example C: Withdrawal triggers a proportional credits deduction

• 500 USDx of account balance, 500 USDx of credits, +50 USDx of uPnL, 100 USDx of withdrawal request.
• Credits deducted = min (100 / 550, 100%) x 500 = 90.91 USDx
• After withdrawal: Remaining credits = 500 - 90.91 = 409.09 USDx

12) FAQ

Q1: Can credits be withdrawn?

A: No. Credits are used only as a margin allowance and cannot be withdrawn, transferred, or exchanged. However, profits earned from trading with credits (once conditions are met) can be withdrawn.

Q2: Will trading losses consume credits?

A: No. Trading losses, fees, and swap fees are all deducted from your account balance. The credits amount itself does not increase or decrease due to PnL.

Q3: If I still have open positions when my credits expire, will the credits still be reclaimed?

A: Yes. Once a set of credits expires, the system reclaims it immediately, whether or not you have open positions. If your margin ratio falls below 50% after reclaim, this will trigger liquidation. Pay attention to expiration reminders in advance and manage your risk accordingly.

Q4: Why did my credits decrease after I made a withdrawal/transfer?

A: This is a normal deduction mechanism. When you withdraw or transfer funds, the system reclaims a proportional amount of credits. Deducted credits are not refunded.

Q5: Will credits be reclaimed during liquidation?

Q6: Can I hold multiple credits at the same time?

A: Yes. A single account supports stacking multiple credits, with a maximum total active credits amount of 5,000 USDx per account. Multiple credits each have their own independent validity period and are reclaimed one at a time upon expiration, without affecting the others.

Q7: Can credits be used for perpetual futures or spot trading?

A: No. Credits apply only to BingX CFD trading and cannot be used for spot, perpetual futures, standard futures, or wealth management products.

Q8: How can I avoid liquidation caused by credits reclaim?

A: We recommend: (1) turning on and paying attention to expiration reminder notifications; (2) assessing your account risk after receiving a reminder; (3) reducing your position size or closing positions early as needed; (4) adding sufficient funds of your own. You can use this formula to predict risk in advance: (account balance + uPnL) / occupied margin x 100%. If the result is ≤ 50%, you need to take action in advance.

Q9: Under what circumstances will credits be reclaimed for reasons other than expiration or withdrawal?

A: The following situations will all trigger the reclaim of credits:

• Own funds reach zero: when account balance + unrealized PnL (uPnL) ≤ 0, all credits are reclaimed immediately.
• Negative balance: if the account balance is still negative after liquidation is completed, all credits are reclaimed in full.
• Freeze by risk control: reclaimed uniformly following the platform's risk control assessment.

We recommend regularly monitoring your account risk status to make sure you have sufficient funds of your own.

Q10: I selected "Redeem", but redemption failed. Why?

A: There are two common reasons:

• The total credits after redemption would exceed the limit (5,000 USDx): if your current credits balance + the new voucher's face value > 5,000 USDx, you cannot redeem it. You can wait for your existing credits to expire and be reclaimed before trying to redeem a new voucher.
• Insufficient CFD account balance: redemption requires meeting an account balance threshold (subject to the event's requirements). Deposit or transfer in funds first, then try again.

The system will show the specific reason when redemption fails. Check the pop-up message for details.

Q11: My credits balance is close to the limit. Can I use a new voucher to replace an old one?

A: No. Credit Vouchers cannot be replaced. Regardless of the face value of a new voucher, it cannot replace an existing voucher that has already been activated. To activate a new voucher, wait for your existing credits to expire and be automatically reclaimed.

Terms & Conditions

• The platform is not liable for any consequences arising from the cancellation or reclaim of credits upon expiration, including but not limited to losses caused by insufficient margin, liquidation, order closures, or account shortfalls.
• By redeeming credits, users confirm that they have accepted and agree to comply with all terms and conditions in this article.
• Users are responsible for assessing their own risk and taking appropriate action after receiving a notification.
• The platform reserves the right to adjust the rules for issuing, using, and reclaiming credits at any time. If violations are found, the platform has the right to immediately cancel credits eligibility, and freeze or claw back related earnings.
• The system automatically reclaims credits upon expiration, without confirming this individually with each user. Even if a user does not receive a notification due to the user's network, device, email settings, or other reasons, this does not affect the system's automatic reclaim.
• BingX reserves the right to final interpretation of this announcement. This may involve rule modifications, updates to terms, or cancellations.
• Multilingual translations of the product page rules may differ. If there is any discrepancy, the English original prevails.
• Any updates to the information above will be announced separately. If you still have questions about CFD credits, contact our customer support at any time. Thank you for your understanding and support.

Risk Warning:

Cryptocurrencies are highly volatile and may involve various risks, including market risk, project risk, technical risk, and compliance risk. You may incur investment losses. Note the risks and invest cautiously. BingX will continue improving its trading experience and product services. Thank you for your support and understanding.

BingX Operation Team

2026-08-25

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Risk Disclaimer

The cryptocurrency market carries high risk. Understand the risks and invest in products you are familiar with. Before investing, carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. Consult a professional independent investment advisor before making a decision. The information on this page is for reference only and should not be considered investment advice. Past performance is not a reliable indicator of future performance. You should be aware that the market value and returns of investment products may fluctuate. You may lose the entire amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.

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