Risk Do not exceed 20x leverage. It will kill you. Everything above it liquidated on every market tested here.

Promo codes, and what each one actually gives you

You will not find a bonus, a deposit match or free credit behind any of the 5 referrals here, because not one platform documents one. 3 of them state a benefit their own documents confirm, 2 do not, and what you pay to open moves more money than any of them.

You are choosing between 5 referral arrangements, and 3 of them give you a benefit the platform's own documentation confirms. 1 describes something without publishing the numbers behind it and 1 publishes nothing at all, so each row states which of those three you are looking at rather than letting a claim pass as a checked figure.

Check how the arrangement reaches you before you check what it gives. 2 of the 5 want a code typed at sign-up and 3 bind from the link you arrive on, so if you open an account on one of those 3 without the link you cannot attach the arrangement afterwards and nothing you do inside the account will recover it.

every referral arrangement, and which ones are confirmed

PlatformCodeWhat it givesConfirmed Detail
MoonMARKETthe platform publishes nothingnot confirmedMoon code detail
HyperliquidNEWBONUS4% discount on trading fees for the first $25M of volumeconfirmed 2026-08-28Hyperliquid code detail
Ostiumlink only, no code to typeReferrers earn 'Bonuses', a percentage of the scores earned by traders they refer, across five referrer tiers set by all-time referred volume (the platform's claim)not confirmedOstium code detail
Gains Network (gTrade)link only, no code to typeReferrals receive 5% of protocol fee revenue, paid from the Governance Fund shareconfirmed 2026-08-28Gains Network (gTrade) code detail
Avantislink only, no code to type5% referral rebateconfirmed 2026-08-28Avantis code detail

MarketMoves earns a commission when a reader opens an account through a link on this page. It costs the reader nothing and does not change the figures shown. Platform registry 2026-08-28a, reviewed through 2026-11-28. Every cost here is an opening cost, and 3 of the 5 platforms publish no rate for holding, so none of these figures contains the cost of holding a position open.

the terms no referral will change for you

A referral moves at most one line of a fee schedule, and the 5 platforms set your ceiling, your loss cap and what you are charged to hold identically whether your account arrived through a referral or not. Read those columns before the code column, because they are the ones that decide your outcome.

PlatformOpening rateCeiling Cost to open $100 at 10x Loss capped atCarry rate
Moon1.0% on wager1000x$1.00wagerunpublished
Hyperliquid0.045% on notional40x$0.43isolated marginpublished
Ostium0.03% to 0.1% on notional200x$0.30 to $1.00collateral per tradepublished
Gains Network (gTrade)0.012% to 0.06% on notional1000x$0.12 to $0.60collateral per tradeunpublished
Avantis0% to 0.045% on notional500x$0.45collateralunpublished

the best discount here gives you $0.02 back on one opening

Hyperliquid runs the only percentage discount on an opening fee across the 5 platforms, 4 per cent off a rate of 0.045% of notional, which works out at 0.0018% of the exposure you open. On a $100 stake at 10x it takes what you pay from $0.45 to $0.43, so you keep $0.02, carried to four decimal places here because two would round it away entirely.

Now weigh that against where you open. Opening cost at 10x across the platforms pricing that leverage level spans $0.88, which is 49 times the discount, and the two fee bases cross at 23.1x taker and 69.4x maker, past which a rate on notional costs you more than a flat rate on the stake. Weigh it against how hard you push and the gap widens again, because a stake lost at a leverage level the excursion data does not support costs you $100, or 5,556 times that same discount.

what 2 of the 5 arrangements have not confirmed

Ostium, Moon between them give you no figure you could check for your side of the arrangement. Where a platform describes something without publishing the numbers behind it you get the description labelled as the platform's own claim, and where a platform publishes nothing you are told nothing. Each detail page names which term is unconfirmed, then tells you which terms hold regardless.

1 of the 5 have a dated commercial record behind the code

Moon carries a dated record covering the terms a code page is really asked about: whether a welcome bonus exists, whether fees come back to you as rakeback, how many other codes are published for the same platform, where the VIP ladder starts, how you fund the account and what nobody publishes at all. Each of those terms is labelled on the detail page with whether the platform documents it, an affiliate page reported it, or nobody publishes it.

The other 4 platforms have no such record here yet, so their pages carry the fee schedule, the ceiling and the loss cap and stop there. That is a gap in coverage rather than a judgement about the platforms, and until the record exists you are better served by the review page for each one than by anything a promo-code page could claim.

Moon

Type MARKET at sign-up, benefit not confirmed, and you pay 1.0% of wager to open.

the Moon code page

Hyperliquid

Type NEWBONUS at sign-up, benefit confirmed, and you pay 0.045% of notional to open.

the Hyperliquid code page

Ostium

Arrive on the link, benefit not confirmed, and you pay 0.03% to 0.1% of notional to open.

the Ostium code page

Gains Network (gTrade)

Arrive on the link, benefit confirmed, and you pay 0.012% to 0.06% of notional to open.

the Gains Network (gTrade) code page

Avantis

Arrive on the link, benefit confirmed, and you pay 0% to 0.045% of notional to open.

the Avantis code page

Platform registry 2026-08-28a, reviewed through 2026-11-28. Every figure below is computed from each platform's own published terms.

Figures on this page were rebuilt 2026-09-16 by the MarketMoves editorial desk, from the sources named in the methodology. Nothing here is a forecast, and none of it is advice.