How does the 200 bonus work on Vault Markets?

Anyone used the Vault Markets 200% bonus account? Kindy share how this account works and if the Vault Markets 200 bonus is legit, thanks in advance

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@hosea_makelele - 4 months ago

Vault Markets 200 bonus is not going to be part of your margin, and to get the bonus you must open the Vault Market 200% bonus account type which comes with 500x leverage and R500 minimum deposit.

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@emma_durban - 4 months ago

Vault Market 200 bonus account does not support drawdowns. The margin is calculated on the balance only, not the equity. Once the balance in your Vault Markets 200 bonus account has been depleted, all trades will close.

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@emma_durban - 4 months ago
Quoted - emma_durban

Vault Market 200 bonus account does not support drawdowns. The margin is calculated on the balance only, not the equity. Once the balance in your Vault Markets 200 bonus account has been depleted, all trades will close.

After trading with the Vault Markets 200 bonus, you can withdraw any realized profits by performing an internal transfer from the bonus account to your wallet, then initiating the withdrawal from the wallet.

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@chaka_muanzi - 4 months ago

The bonus is 200% of your deposit so if you deposit $100 you get a $200 bonus and your balance becomes $300.

With this $300, you can open several trades but be careful to only open quality trades because if the trades become losers, the bonus does not act as margin so you get stopped out pretty quick.