# Promo Codes

**Promo codes** are unique codes found on social media channels, blogs, in trading forums and other sources, granting the user special bonuses.

If you have a promo code that you want to redeem, simply navigate to the **Promo Code** tab in your [Wallet](https://margex.com/app/wallet/promo-codes):

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2Fv5CtUAoUUtLIccWlnrVZ%2FPromo%20Code.png?alt=media&#x26;token=10d4bf8a-f6cd-43fb-9e66-8d602f6fe893" alt="" width="563"><figcaption></figcaption></figure>

### Promo Code Types

There are several types of promo codes available on Margex:

<details>

<summary><strong>Standard Promo Codes</strong> <em>(click to expand)</em></summary>

These promo codes can be activated at any time (while valid) and do not require any additional actions:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FE8MXpFBBkumZS0G23jNH%2FNo%20Conditions.png?alt=media&#x26;token=e7133ef7-6166-47df-adef-fe36d47c3e17" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary><strong>Conditional Promo Codes</strong> <em>(click to expand)</em></summary>

Some promocodes may have unique conditions/requirements. For example, if activating a deposit bonus type promo code you can additionally choose which of your deposits you wish to apply the promo code to:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FzJvTfpGkNXq0fl9WhO8n%2FConditions.png?alt=media&#x26;token=774bbc0e-7c96-47b9-8b10-703da7e58eec" alt=""><figcaption></figcaption></figure>

As seen in the image - this promo code provides up to a 100% deposit bonus (up to a maximum of $1000 bonus) based on the selected deposits that meet the promo code conditions.

</details>

<details>

<summary>Loss Coverage Promo Codes <em>(click to expand)</em></summary>

These types of promo codes allow user to compensate a defined amount of funds from the negative PnL of trades that are eligible for coverage (i.e. opened and closed within a certain time period, leveraged using a certain collateral, etc.)

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FwX1Fb6BtTAvvkvNh9pXh%2FLoss%20coverage%20promo.png?alt=media&#x26;token=da2c4d80-0ff9-4ec6-a0b8-7c7f328d19ac" alt=""><figcaption></figcaption></figure>

When activating such a promo code, if all usage conditions are met, a list of applicable positions will appear in the corresponding field on the right. After applying to these positions, a fixed cumulative amount of funds will be credited from the selected deals to the user's corresponding collateral wallet balance.

Once everything is set, you'll see the amount **you'll receive** at your wallet address in the corresponding field, as referenced in the screenshot.&#x20;

{% hint style="success" %}
It is important to note the following conditions:

* Such promo codes are one-time use only
* The compensated amount is **cumulative** (i.e., is a sum of Realized PnLs of all the selected positions) and could be limited to a certain **number of deals.**
  {% endhint %}

</details>

{% hint style="warning" %}
Any deposit, transaction, or trade that has been used to claim a promo code cannot be used to activate a promo code again.\
\
For example, it is not possible to apply 2 separate promo codes (or use the same promocode) to a single deposit/transaction/trade if it has already been used to claim a different promo code previously.
{% endhint %}

### Promo Code Storage and History

The promo code **Storage** tab reflects all promo codes that you have entered but have not yet claimed.\
\
For example if you have entered a promo code but do not meet the conditions of this promo code - it will be reflected in your Storage and can be claimed at a later time (until the expiry date):

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FVe6PrnT6Ru8Ulj9XO9Ed%2FStorage.png?alt=media&#x26;token=12dd9869-bf08-48d4-94c8-cc3cc72036e8" alt="" width="563"><figcaption></figcaption></figure>

The promo code **History** tab reflects historical details of your activated and claimed promo codes and any corresponding transactions that occurred on your account:

<figure><img src="https://163304092-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FM0u2JKWHQTXEH82Px1eQ%2Fuploads%2FRCIrl30cRR0cgYAy4FWs%2FHistory.png?alt=media&#x26;token=a279eac0-514f-4eef-82dc-addbed682a1b" alt=""><figcaption></figcaption></figure>