How to get started? The gradient section in color shows how much you can borrow, in addition to your available funds, to trade based on your account’s available margin. Switching it on will prompt you to accept the Terms. The transparent section indicates your available funds that can be used directly to make any trade without borrowing. Note margin trading supports limit. Conditions if that is not already done. Spot, from the order form, you’ll find an Enable Margin toggle. Drag the little white dot over the slider. Edit order quantity, order value, and price (if placing a limit order) by entering the expected amount into the text field.

For information on how your margin calculation works, please refer to the Margin Rules page. Click ‘Confirm’ to proceed. As you move the white dot along, the informational text below the slider bar will show your borrowing amount over your account’s maximum borrowing limit. Please refer to the Margin Rules page for all the applicable coins. Loans tab under the associated virtual asset. The margin toggle would not be actionable for coins where negative balances are not available. Please check this website for the latest risk parameters. After sending your order details, you’ll get a trade confirmation pop-up containing details of your trade. If a user borrows 1,000 USDT at 12:05 PM and repays at 14:15 PM, the interest owed is 0.06501 USDT.

The platform also provides a Futures Bonus, which offers rewards whenever you join BloFin’s campaigns and promotions. Similar to MEXC, BloFin only offers futures trading. For example, the highest tier, VIP 5, has a 0% maker fee and only a 0.035% taker fee. The fees are a bit on the high side, with a 0.02% maker fee and a 0.06% taker fee. But if you hold many assets and/or have a large trading volume, you can enjoy big discounts as a VIP user. Whether you’re a new trader or a seasoned one trying out new strategies, you can use the platform’s demo trading feature.

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The platform’s wealth of features and products is great for traders of all experience levels, but can be confusing if you’re a complete beginner. Then, switch to Pro once you’re more experienced to view advanced trading features and tools such as price analysis charts. The good news is that its mobile app features Lite and Pro modes. You can engage in discussions with other traders to expand your knowledge and sharpen your trading skills. You’ll also get a wealth of information that will keep you up-to-date on the platform’s features, trading tips, and more via the Binance Square social media platform. If you’re a beginner, you can choose Lite mode, which offers a simplified interface.

While the desktop interface is perfect for trading as it gives you a more expansive view of the chart, Margex has iOS and Android apps that let you trade on the go. The platform offers both margin and futures trading. Now let’s talk about fees. Margex has a maker fee of 0.019% and a 0.06% taker fee with no discounts regardless of your trading volume. In terms of leverage, you can get up to 100x depending on the asset, putting Margex on par with larger exchanges on our list.