1. What is a Futures Position Voucher?
The Futures Position Voucher is a special benefit provided by Phemex. Users can obtain it for free by participating in platform events. This voucher allows users to trade futures without using their own funds, helping them get familiar with trading while also having the chance to earn profits.
2. How to View and Use Futures Position Voucher?
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Check Your Rewards: Go to Rewards Hub > My Rewards to view your available vouchers.
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Open a Position: Click “Open Position” to activate your exclusive trading position.
3. Rules for Using the Futures Position Voucher
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View Voucher Details: Check the voucher amount, expiration date, source of reward, and pairs that are supported.
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Use It in Time: The voucher will expire if not used, but once used, there is no time limit on the position.
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Market Price Entry: A position is automatically opened at the current market price.
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Cover Fees: The voucher can be used to cover funding fees, trading fees, and losses.
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Profits Can Be Withdrawn: Any profits earned from the voucher can be withdrawn.
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Fund Distribution Upon Closing:
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Profits will be credited as cash to your futures account.
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The remaining margin will be credited as a Futures Trading Bonus, valid for 30 days.
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Limited Maximum Loss: The maximum possible loss is capped at the Bonus amount provided.
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Order Failure Handling: In rare cases where an order fails, the margin will be refunded as a Bonus to your futures account.
4. Restrictions on Using the Futures Position Voucher
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Cannot be combined with other funds. If the selected trading pair already has an open position or pending order or is in liquidation, the voucher cannot be used.
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Only one voucher per position—multiple vouchers cannot be stacked.
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Single-use only—a voucher cannot be reused after being used.
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Only market price close is supported. Take-profit/stop-loss and closing positions default to the entire position and cannot be modified.
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Isolated margin mode is used by default, and additional margins cannot be added.
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Leverage cannot be adjusted.
Want to learn how to use the Futures Position Voucher? Check out our user guide to get started and enhance your trading experience!
