What are Free Long/Short Positions?

LeveX offers eligible users the exciting opportunity to try futures trading with a Free Long/Short Position. This lets you open a position on a supported asset without any upfront investment. You can choose to go long (expecting the price to rise) or short (expecting the price to fall).

How to Claim Your Free Position:

• New User Bonus: Simply register for a LeveX account and receive a free position worth $10 (including leverage) to get you started!
• First Deposit Match Bonus: New users can receive a 100% trading position match on their first deposit, up to 5000 USDT.
• Exclusive Partner Promotions: Participate in affiliate campaigns with our partners and unlock Free Long/Short Positions as a reward.

Frequently Asked Questions (FAQ):

• Leverage: The leverage for these positions is fixed (e.g., 20x or 50x) and cannot be adjusted to manage risk.
• Position Choice: You have the flexibility to choose either a Long position (betting on a price increase) or a Short position (betting on a price decrease).
• Profits: Any profits generated from your Free Long/Short Position are credited directly to your futures account and can be withdrawn.
• Initial Margin: The initial margin provided for the Free Long/Short Position is forfeited after closing the position, regardless of profit or loss. This essentially acts as the "free" portion of the trade.
• Opening Costs: There are no additional fees to open a Free Long/Short Position for eligible users.
• Trading Symbol Selection: You can choose the specific cryptocurrency you want to trade with your Free Long/Short Position.
• Long vs. Short Positions:
  • Long Position: You buy a future contract, hoping the price of the underlying asset will rise. If the price increases, you profit.
  • Short Position: You sell a future contract, expecting the price of the underlying asset to fall. If the price decreases, you profit.
• Free Position Limit: You can only have one active Free Long/Short Position at a time. Once closed, the free portion is forfeited, and you can claim a new one through the available methods mentioned above.