Bexplus Review – Is This Platform A Worthy Choice?

About Bexplus

Bexplus is a global crypto derivatives and copy trading platform established in late 2017. Currently, Bexplus focuses on entry-level digital currency investments and provides BTC, ETH, ADA, DOGE, and XRP perpetual contracts for futures trading with up to 100x leverage. They do not, however, provide spot trading or crypto services other than perpetual contracts and copy trading.

Bexplus Derivatives Trading

As mentioned above, Bexplus only supports perpetual contracts for BTC, ETH, ADA, DOGE, and XRP, which is a little disappointing, but the trading interface is quite nice. The various panels are well-designed and easy to read and their charts are powered by TradingView.

You’ll be able to choose between market or limit orders, but they, unfortunately, don’t have an option for a predetermined take profit or stop-loss to be added to your orders—you’ll have to add them after your order is already placed. A rather unique feature they do have, however, is a trading simulator for those interested in practicing their trading ideas via an identical interface. 

Copy Trading

A lot of brokers have been adding copy trading features, but it still remains relatively unique and useful for those less experienced with trading. Through Bexplus’ copy trading, you can search for and follow tons of traders, view their trading history and performance, and choose to copy their actual trades according to your own parameters.

If you only want to trade a portion of their position or adjust your stop-loss or take profit according to your risk tolerance, you can, which is helpful and important for anyone unwilling or unable to weather the volatility or risk some of the copyable traders can.

Bexplus Mobile App

Bexplus’ mobile app is excellent and affords you all the same capabilities as the desktop counterpart including the trading simulator.

Viewing charts and placing orders is easy and doesn’t seem clunky or confusing and they even include a news tab, which I found to be a very useful inclusion for an on-the-go platform. Given the simplicity of their desktop version and the limited number of markets and services they offer, the app is incredibly simple. If you are using their platform, the mobile app is a must.

Bexplus Fees

The fee structure for Bexplus is very simple and reads as follows: BTC 0.075% service fee, ETH 0.095%, ADA 0.121%, DOGE 0.135%, and XRP 0.135%.

Interest Wallet

If you like to chase yield, you can transfer BTC to Bexplus’ wallet account to earn interest. Their BTC wallet is an offline storage system encrypted with multi-signature technology. All BTC stored in the wallet will be highly secured and protected and pay up to 21% annualized interest. All you have to do is deposit BTC to the trading account after login, transfer your BTC to the wallet account, and type in the BTC amount and click submit to finish the transfer.

Bexplus Blog

If you click on Bexplus’ ‘Blog’ tab from the homepage, you’ll be taken to a feed with tons of articles on price predictions, crypto explanations, ‘how to buy’ walkthroughs, and much more. The articles themselves are quite detailed, but the topics are a little basic so it probably won’t be suited for crypto or trading veterans. Nevertheless, it’s a great way to start learning if you are new to the space.

Customer Support on Bexplus

Bexplus has a very useful and organized help center filled with tons of pictures and detailed walkthroughs of everything they offer—they even have a cryptopedia if you just want to learn. It’s very easy on the eyes and all the pictures have highlighted boxes and arrows to make the step-by-step walkthroughs incredibly easy to follow.

If the help center isn’t quite doing the job or you don’t feel like scrolling through it, you also have the option of using the live chat via the pop-up seen on the bottom right of the page. When you first submit your questions in the live chat, you’ll receive near instant responses via their AI that will forward you all the relevant information pertaining to your questions. And if you’d prefer to speak to a human, you can choose to ‘get in touch’ and send an email directly to support.

Conclusion: Bexplus Review

While Bexplus has an extremely user-friendly platform, the absence of spot trading or other services and the severely limited number of markets for their derivatives trading will make it a hard sell to many traders or crypto enthusiasts. The copy trading element and interest wallet will perhaps make it stand out, but it’s hard to say if that will be enough to warrant using their platform over others like BingX, which has dozens more markets, spot trading, and copy trading. If you only like to trade a few markets and those are the few markets Bexplus supports, it might be worth using, especially if you enjoy their interface and want to take advantage of the wallet interest they offer.

Overall, Bexplus is a nice platform and has some features that may be enticing, but its lack of markets, spot trading, or services other than copy trading leave it a bit underwhelming compared to its competition. As always, I’d encourage everyone to check it out and get a feel for the platform first hand, but there are better options out there in my humble opinion.