BingX has upgraded Coin-M Perpetual Futures, offering users an enhanced experience with Isolated Margin Mode and Trigger Order.

Isolated Margin Mode: Each position's margin is solely used for that position, allowing you to limit each position's margin amount to reduce overall risk.
Trigger Order: You'll be able to plan trading in advance and achieve automatic take-profit and stop-loss without the need to monitor the market in real-time.

*For the best app experience, please upgrade it to version 4.18.5 or above (release times may vary across app stores, please be patient).
Note: Please update to the latest app version to view orders and positions in Isolated Margin Mode (download the latest app version from our website).

Isolated Margin Mode

1. What is Isolated Margin Mode?

In Isolated Margin Mode, a certain amount of margin is allocated to a single position so the risk is segregated from other positions. In the event of forced liquidation, the trader will only lose the entire margin of that position.

Example:
Let's assume that User A holds 0.1 BTC in his/her Coin-M Perpetual Futures Account. Then, User A selects Isolated Margin Mode and uses 0.01 BTC as margin with 10x leverage to open a position.If the market fluctuates greatly, resulting in the position to be liquidated, only 0.01 BTC will be lost (excluding fees). In Cross Margin Mode, the entire account balance is used as margin and shared across cross-margin positions, leading to a loss of 0.1 BTC upon liquidation.

2. Usage Guide

a. Switch the margin mode to Isolated Margin Mode.

b. Select leverage and set up position amount.

c. Add/reduce margin:
After successfully opening a position, select the corresponding position under the "Position" tab, click the pencil icon next to "Margin" to enter the "Adjust Margin" page, and follow the instructions to add or reduce margin.

3. FAQ

a. Can I switch between Cross Margin Mode and Isolated Margin Mode for an open position?
You cannot switch it for an open position or a pending order.

b. Can I adjust leverage in Isolated Margin Mode?
Yes, you can adjust leverage in Isolated Margin Mode. However, after adjustment, the margin for the current position will be recalculated, so be aware of changes to the liquidation price.

c. What is the major difference between Isolated Margin Mode and Cross Margin Mode?
In Cross Margin Mode, the entire account balance is used as margin and shared across cross-margin positions; while in Isolated Margin Mode, a position's margin is only used for that position.

Trigger Order

1. What is Trigger Order?

Trigger orders allow you to preset a condition to be triggered, along with the trigger price and amount. Once the market price reaches the condition, the preset order will be automatically executed at the preset order price and amount.

Example:
User A holds a long position for BTCUSDT of 100 Cont, with an average position price of 70,000 USDT. Believing that 68,000 USDT is a significant support level, the user sets a stop-loss (SL) using trigger order to avoid greater losses in case that the price drops below this level.
The trigger price is set at 68,000 USDT, the order price at 67,990 USDT, and the number of cont at 100. When the market price reaches 68,000 USDT, the system places a limit order at 67,990 USDT.

2. Term Definitions

Trigger Price: When the Last Price or Mark Price reaches the Trigger Price that you set, the order will be triggered and be sent to the order book for matching at the order price.
Order Price: This refers to price that the order will be executed after the trigger order is triggered. You can choose market price or set a limit price as order price.
Amount: It refers to the amount that will be executed after the trigger order is triggered. You can choose Cont or the specific coin as the unit.

3. Usage Guide

a. Select Trigger as the order type on the Coin-M Perpetual Futures trading panel.

b. Set your desired trigger price, order price and amount.

c. After placing it, you can check it in Open Orders or Order History.

4. FAQ

a. Why hasn't my order been triggered even though the market price has reached the trigger price I set?
Trigger orders may fail to be triggered due to price limits, insufficient account balance, network anomalies, system upgrade and other factors.

b. Is a successfully placed trigger order guaranteed to execute?
Not necessarily. Whether the order can be executed depends on market conditions and account balance.

c. Will my funds be frozen after setting a trigger order?
No, trigger orders will not freeze account assets.