# Bonuses

**Bonuses** can be obtained by participating in various Margex marketing campaigns, competitions, events and through special offers. The amount of Bonus funds received will depend on the unique rules and conditions of each separate campaign. The Bonus balance is reflected at the top of the [Wallet](https://margex.com/app/wallet) page.

## **How Bonuses Work**

After closing a position, **up to 50%** of [trade fees](https://help.margex.com/help-center/margex/margex-fees#trade-fee) and [funding](https://help.margex.com/help-center/margex/margex-fees#funding) incurred for the trade will be reimbursed from the Bonus balance and credited to the Wallet balance of the corresponding collateral coin.

Your Bonus balance will be reflected at the top of the Wallet page:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FEjp5hbOJ4MaZ9TqCuqD8%2FBonus%20Balance.png?alt=media&#x26;token=f65ed4f0-273b-4038-804f-742cda97f9a1" alt=""><figcaption></figcaption></figure>

If Bonus balance is 0, any trade fee/funding costs will be accordingly deducted from the trade’s [Margin](https://help.margex.com/help-center/leverage-trading-guide/how-leverage-works).

All bonus rebates are reflected in the ‘Details’ column of the Transaction History on the Wallet page, as ‘Bonus rebate’ type transactions:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2F9qidjdgxsVa2wklLjtuZ%2FBonus%20rebate.png?alt=media&#x26;token=c3fb3c35-7c57-4d0e-840e-7c11f7be5716" alt=""><figcaption></figcaption></figure>

{% hint style="success" %}
Bonuses are automatically converted from USD into the corresponding collateral coin when a bonus rebate occurs.
{% endhint %}

Bonuses can also be deducted automatically from the bonus balance when [withdrawing](https://help.margex.com/help-center/wallet/withdraw/how-to-withdraw) funds. The estimated amount of bonuses to be deducted when initiating a withdrawal will depend on the withdrawal amount in relation to the trader's total account balance across all collateral coins.

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2F0JJpxuvlXrP60OKGshSH%2FWithdraw%20Bonus.png?alt=media&#x26;token=7bc701fd-9f0a-4964-9859-eaaca53c1c94" alt="" width="524"><figcaption></figcaption></figure>

## **Sign-up Bonus**

The **Sign-up bonus** is aimed at providing traders the opportunity to try out the platform with reduced fees.

When registering an account on Margex, a $50 bonus can be claimed in the [Promo Code](https://margex.com/app/wallet/promo-codes) Storage:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2Fj03FEYuZbbZ9RHwTLMj6%2FStorage.png?alt=media&#x26;token=b9428da9-11c5-4eb5-b107-2204e168ef40" alt="" width="563"><figcaption></figcaption></figure>

## **First Deposit Bonuses**

The **First deposit bonus** is  for a trader’s first [deposit](https://help.margex.com/help-center/wallet/deposit) equivalent to $100 in the deposited coin/token.

Once a qualifying deposit has been completed, the bonus can be claimed in the [Promo Code](https://margex.com/app/wallet/promo-codes) Storage:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2Fj03FEYuZbbZ9RHwTLMj6%2FStorage.png?alt=media&#x26;token=b9428da9-11c5-4eb5-b107-2204e168ef40" alt="" width="563"><figcaption></figcaption></figure>

This bonus can only be claimed once.

{% hint style="info" %}
**The First Deposit Bonus** is only claimable in the first 7 days after the account registration. After the 7 days mark, any deposits made to the account would not be considered eligible for the bonus and no bonus will be credited to the bonus balance regardless of the deposited amount.
{% endhint %}