Pros / Cons of popular margin trading / futures platforms in Vietnam

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The appearance of a lot trading margin / futures in Vietnam has been bringing fierce competition and thereby improving their services gradually.

And to evaluate that, today we will write a review of the pros / cons of each platform, from which readers can make easier choices.

If you are committed to playing, you should read this article carefully. (The list below does not distinguish in order offline)

Looking for more information: What is Margin Trading?

# 1 Snapex floor

It can be said that Snapex is the pioneer in creating trend of futures in Crypto market. They debuted during June 06 and have been growing non-stop.

Registration link: https://blogtienao.com/go/snapex (bouns up to 100 $)

Advantages:

  • Only play the big coins: BTC, ETH, XRP, BCH, LTC, ADA, EOS, ETC to avoid price manipulation.
  • The interface is very simple, and smooth. Very suitable for newbies.
  • Very low spread and have SNAP to deduct transaction fees.

(Spread is the difference between the long and the short price, For example, if the long / short price difference of BTC is $ 5, then when you are long or short, you will lose 3-5% if you use leverage x100)

Defect:

  • Pretty high fee: 0.15%, Overnight charge is also high (0.045%)
  • Often lag when there is signal. Take Profit (profit) max 500%

Small tips: You can use SNAP as FEE to deduct 50% of transaction fee. That means the transaction fee will be reduced to 0.075% when opening and closing orders. How to reduce? Read the FEE section of this lesson What is Snapex nhé

A new account created by default you can easily have $ 100k trading volume, for example, type 10 orders $ 100 x100.

At that time you will have 4400 SNAP ($ 44) by pressing the button as shown, after finishing you just have to create a new account and continue. (Please follow the link above to get free advice from the mod margin offline)

# 2 Bityard floor

Only launched around 04/2020 but will be a formidable opponent with other floors because of their vision and direction.

Registration link: https://blogtienao.com/go/bityard (bouns up to 258 $). In detail, you can read through the floor What is bityard. Or you can read the summary below

Advantages:

  • The interface is nice, easy to use, supports most of the top coins, and may add many other altcoins.
  • Enthusiastic technical and consulting team, willing to listen to customers for modification.
  • Very low spread.

Defect:

  • New born so support is still slow.
  • APP is not perfect so slightly sweet, probably due to new birth.
  • High FEE: 0.15% and an overnight charge of 0.045%. However, they are offering a fee reduction program that can last for 3-12 months. Fee is currently 0.1% (0.05% when opening and 0.05% of closing orders)

# 3 LMT (Letmetrade)

LMT is a trading platform with many professional features. Registration link: https://blogtienao.com/go/lmt (bouns up to 100 $)

Details you can see at the post: What is LMT?

Advantages:

  • The interface for mobile and desktop is very standard, very easy to use, supports spot exchange, margin, and futures as well.
  • Support multiple coin top, leverage up to x125. Take Profit (profit) max 1000%
  • Support LMTP reward (point to reduce transaction fee)
  • There is Copytrade support, no overnight fees.

Defect:

  • High fee: 0.075% (still cheaper than the above 2 ku)
  • Spread is high. However, it is difficult to know, sometimes I see the spread of $ 2, sometimes the difference of $ 5-10, so it is not clear when.

# 4 Bingbon floor

Registration link: https://blogtienao.com/go/bingbon

Advantages:

  • Play also Crypto, Stocks, Forex, Gold + Oil.
  • Very low transaction fee of 0.045% (in promotion, their actual fee is 0.075%).
  • Support copytrading

Defect:

  • The spread is quite high, $ 5-20 difference depending on the situation.

# 5 Binance Futures

Binance Futures Is a product of Binance exchange (the world's top 1 exchange for Crypto, very popular in Vietnam)

Registration link: https://blogtienao.com/go/futures (giảm 10% fee giao dịch)

Advantages:

  • Very low fee: 0.036%
  • Support many top coins, and many other altcoins
  • Support leverage up to 125x, there are 2 modes Cross and Isolated

Defect:

  • Support via ticket should take a long time.
  • There are stubborn kill killers, maybe even kill your capital.

# 6 Bybit floor

Bybit floor is an exchange futures contract Large cryptocurrencies in the world. Registration link: https://blogtienao.com/go/bybit (bouns up to 90 $)

Advantages:

  • Is a reputable exchange in the world, has a large trading volume, so easy to match orders
  • Very low spread and fee of about 0.075%.
  • App runs smoothly, with little lag.

Defect:

It is quite new in Vietnam so support is also sweet, this problem admin thinks they will improve in the future.

Conclude

Every guy has his own unique feature. Hopefully through this article, you can choose and use it correctly. Some guys are high fee but low Spread and vice versa.

So you feng shui with any guy then whipped him. Use any of them, use that and remember to register for the bta link to support. And remember that BTA always has 1 group chat support, 1 free signal channel for who is bta's ref: https://t.me/BTA_Margin_Trading

There are also many other floors that BTA has not yet updated, BTA will gradually learn and update for you in this article. And here is the summary of margin floor board:

NumberFloor NameFairyRegistrationEvaluate
1Snapex0.15%Registration Link7/10
2Binance Futures0.04%Registration Link7/10
3LMT floor0.075%Registration Link7/10
4Bingbon0.045%Registration Link7/10
5Bityard floor0.1%Registration Link7/10
6Bybit floor0.075%Registration Link7/10
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