To start trading on Binance Futures through Quantower platform, you need to open an account and create an API Key and Secret Key. In this guide, we will show you step-by-step how to set up the connection, change margin type and leverage size.
Fill in the account registration form with your email and safe password. Click on Create account and you will receive a verification email shortly. Follow the instructions in the email to complete your registration.
Once you are on the Binance Futures page, you should be able to see the first two characters of your email address associated with your account in the top right corner.
Click on the logo of your account and in the Settings section select API Management. Create a new API Key (if you don't have it) and save it.
Once you will create an API key, please click on the Wallet menu and select Futures section. After confirming the opening of a futures account, an additional option will appear for your key, which is called Enable Futures.
Please activate it and after you can connect to Binance Futures in Quantower
Launch Quantower platform and open Connections Manager. Select Binance Futures in the list and select the type of connections — INFO or TRADING mode.
For trading, please enter your API Key and Secret Key.
First, you need to register a new account on Binance exchange, that wouldn’t be connected with any referral previously. In order to do this, please follow the https://accounts.binance.com/en/register link and fill in the registration form.
To clear your saved cookies in the Chrome browser, you should proceed to the “Site information block” and follow the “Cookies section”
Now select each group of cookies and press the “Remove” button. When there will be no cookies in the list, please, press the “Done” button. Now you should refresh your registration page and make sure that the “Referral ID” field is empty.
When you’ve created a new account with the Binance exchange you may log in using your new credentials via the Quantower terminal and start using all of its premium features for free.
Once you created a new account with Binance Spot, Binance Futures, please login to the platform in trading mode with your API Keys. After that, open Account Info panel and check that the field Full license is Enabled.
Binance Futures allows you to trade various instruments and manually change the leverage for each one. To change it, open the Symbol Info panel and select the necessary symbol. At the bottom of this panel there is a Leverage field where you can change the value and apply it by clicking the Enter button.
Binance offers two types of margin for futures trading:
Cross Margin Mode: Share your margin balance across all open positions to avoid liquidation. In the event of liquidation you risk losing your full margin balance along with any remaining open positions.
Isolated Margin Mode: Manage your risk on individual positions by restricting the amount of margin allocated to each. If the margin ratio of a position reached 100%, the position will be liquidated. Margin can be added or removed to positions using this mode.
All trades made during the active session of the platform can be displayed on the chart, as well as in the Trades panel. To display trades for previous days, you need to activate the option "Load user trades history" in the connection settings.
One Position mode means that traders can only hold positions in one direction under one contract. If you open a short position, anticipating that the price will go down in the longer timeframe, but in the meanwhile wanted to open a long to do a trade for a shorter time frame. You are unable to open positions in both directions at the same time. Opening positions in both directions would result in canceling one another out.
Multiple Positions mode means that traders can hold positions in both long and short directions at the same time under the same contract. For example, you could now hold both long and short positions of the BTCUSDT contract at the same time.