Bitmex Trading Account – Review, Types, Process, Benefits, Charges & more
Bitmex Trading account is one of the great market offerings, which lets you take on the stock market with a storm.
Trading accounts are the gateways of trading in the forex market, just like they are for stock trading.
Furthermore, the broker also provides the demo account which is indeed a requirement of major traders.
Beginners or otherwise, the Bitmex online trading facilities lookout for the need of every trader.
This article basically states everything regarding the demo account and the trading account as well.
We have also included why they would be your perfect companion while trading in the forex market. Check the type of trading account the company offers
Bitmex Trading Account and Benefits
Here you get to know about Bitmex Trading Account & its various benefits –
- The Bitmex trading account tends to come with several features which are pretty helpful for professional traders.
- One doesn’t need to worry as Bitmex online trading also offers a trial version of the web portal. It is known as Bitmex Testnet.
- The trading account offers leverage up to at least 100x.
- Bitmex trading account also claims to support anonymity from the order book.
- The best part about the Bitmex trading account is that it offers excellent liquidity and customer support.
- Traders choose the Bitmex trading account as it charges competitive fees and pays as per the current rebate in the market.
Fill up the Form – Open Forex Trading Account Now!
Bitmex Trading Account Charges
|Trading Account Charges|
|Account Type||Standard account|
|Initial Deposit||0.0001 XBT|
|Spread||BTC 0.1%, ETH 0.1%|
As there are multiple accounts, the charges are also numerous. There are several charges related to trading which a trader needs to incur.
One needs to glance through almost all the costs to make the best decision as per their budget.
Even though there isn’t any maximum deposit, but one has to pay the minimum deposit as per the account type they choose.
Besides that, the traders also have to pay for the commission per lot on the basis of the Bitmex trading account they hold.
The spread charges are also applicable as per the account type. Generally, the swap charges are waived off, but traders need to check accordingly.
They have to further check for pricing and trading instruments they can trade-in. Furthermore, there are some other conditions that a trader needs to be aware of at the time of trading.
Types of Bitmex Trading Account
|Types of Trading Account|
|Trading Desk Type||No|
|Min Deposit||0.0001 XBT|
|Suitable for beginners||Yes|
|Suitable for professionals||No|
|Suitable for scalping||No|
|Suitable for daily trading||No|
|Suitable for Weekly trading||No|
|Suitable for swing trading||No|
Hence these are the trading account types which a trader can find on Bitmex.
Bitmex Standard account – The beginners can open this account as it features basic rates and tools.
The minimum deposit account is 0.0001 XBT. Traders also have to pay a commission to trade under the standard account.
The spread levels include BTC 0.1%, ETH 0.1%. The leverage available is 1:100.
Bitmex Account Opening and Trading Process
The online trading process is relatively easy, and it is just like stock trading, where one has to open an account. By downloading them, the traders can start trading in no time.
Open Bitmex Trading Account
- The first thing that traders need to do is open a demo account.
- Traders can then see a pop up which they can fill in quickly and submit.
- Once they fill in the details, traders need to start with the EYKC process, which they need to verify their identity.
- The company will open an account for traders once they verify the details. Hence traders can get their login details.
Bitmex Login Process
- Traders can choose web trading and use an online trading platform by just logging in.
- On the flip side, traders can also choose to use the mobile app if they want to trade while they are on the go. After downloading the app, they can log in using the details.
Download and Setup
- The traders need to download the terminal as they need, or they can download the app from the respective app store if they want to trade on the go.
- Traders can use the demo account to explore the trading account and learn how they can place orders.
- When it comes to placing orders, the traders can use the buy and sell orders.
Bitmex Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
The trading account offers a plethora of features to the traders, including VPS services. The traders can ace their trading with the hedging features.
Besides that, the account also offers API services. These features are indeed a boon to traders. Even though the platform doesn’t offer any guaranteed stop-loss orders it offers OCO traders.
Also, there are trailing SP/TP features that help traders ace their investment.
Bitmex Trading Account – Conclusion
Bitmex is undoubtedly one of the best trading platforms available currently in the market as it offers at least 100x leverage on a few products.
It means traders can buy at least 100 bitcoins of contracts with only a single bitcoin. But traders need to be careful as with high leverage; accelerated profit also comes accelerated loss.
The exchange is quite famous for its perceptual contracts, but it runs only on bitcoins.
Besides charging competitive fees, the trading account also offers the best possible security to traders. Bitmex is undoubtedly a fantastic option for traders.
Bitmex Online Trading – FAQs
Here are various FAQs related to Bitmex Online Trading & Trading Account –
Does Bitmex provide Online Trading?
Yes, Bitmex allows one trade in the forex market through its demo trading account besides live trading account.
It will enable traders to trade in several trading accounts. Bitmex is undoubtedly for everyone, from beginners to professionals.
What are the Commission Charges in Bitmex?
The commission might be or might not be applicable for traders. The commission charged mainly depends on the kind of account a trader tends to hold.
It means the trading account decides if they have to pay commission or no.
Does Bitmex provide Demo account Trading?
Yes, Bitmex offers a demo account for trading, and traders can learn trading after trying their hands-on trading here.
Is trading Free at Bitmex?
When it comes to trading here, there are several charges available here, but the demo account is entirely free.
If one chooses to trade with Bitmex, they must keep a minimum account balance even though there aren’t any opening charges.
What is Spread at Bitmex?
The spread available at Bitmex includes BTC 0.1%, ETH 0.1%. One can choose the account, and then the spaces will be applicable.
Is Bitmex safe for trading?
Yes, Bitmex is relatively safe for trading, and due to which a plethora of users choose to trade on it besides being satisfied.
The trading account seems to be quite popular among all traders, including beginners and traders.
Thanks to its promptness, one can start trading in no time. Above all, traders shouldn’t stress while trading on Bitmex as it is pretty secure and sound.
Does Bitmex provide Spot Metals Trading?
Yes, Bitmex now allows traders to trade in spot metals besides currency pairs. Even though it is constant the price tends to vary from account to account.
Before a trader seals the deal they must check the pricing.
Does Bitmex provide Stock Trading?
Yes, Bitmex allows traders to trade in stocks. Also, the traders can get almost everything as per their needs when it comes to trading.
But to start trading the traders need to have a Demat account from a legal broker.
What are Spot Metals Trading Charges at Bitmex?
The pricing for spot metals is mainly decided by the company. The trading fees fall somewhere between 0.075%.
But traders must know they can vary from account to account.
Does Bitmex provide Trading Tips?
Yes, Bitmex offers trading tips to traders through their website. The platform allows traders to perform some basic analysis on their investment options.
Additionally, they can also get expert trading besides that.
Fill up the Form – Open Forex Trading Account Now!
Most Read Articles
|Forex Trading – Know Everything|
|Forex Broker – Know Everything|
|Why Trade in Forex?|
|How to Trade Forex?|
|Forex Trading Strategies|
|Forex Trading Tips|
|Become a Successful Forex Trader|
|Best Forex App|
|Top Forex Broker|
|Best Forex Trading Books|