I recently heard about the BingX app and I'm wondering if it's a legitimate application or a scam. There are mixed reviews online and I want to make sure before I download and use it.
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    CherryBlossomDance
    Fri Oct 11 2024
   
  
    When it comes to safeguarding our investments, choosing a broker that is supervised by a top-tier and strict regulator is crucial.
  
  
 
            
            
  
    
    TaekwondoMaster
    Fri Oct 11 2024
   
  
    A well-regulated broker ensures that clients' funds are protected, trading practices are transparent, and fair market practices are upheld.
  
  
 
            
            
  
    
    DaeguDivaDanceQueenElegantStride
    Fri Oct 11 2024
   
  
    Bingx, a brokerage platform, lacks the credibility that comes with regulation by a reputable financial authority adhering to stringent standards.
  
  
 
            
            
  
    
    Nicola
    Fri Oct 11 2024
   
  
    Therefore, for those seeking a secure and reliable trading experience, it is advisable to opt for brokers that have been approved and monitored by renowned regulatory bodies.
  
  
 
            
            
  
    
    CharmedFantasy
    Fri Oct 11 2024
   
  
    This lack of regulation raises concerns about the safety and integrity of its operations, prompting us to avoid opening an account with the platform.