What is a Position Voucher?
- A Position Voucher is a trading incentive provided by BloFin that allows users to open futures contract positions without using their own funds. The voucher is only applicable to futures positions and cannot be used for Copy Trading or Bot Trading. Each Position Voucher can only be used once.
Benefits of Position Voucher
- Users can open a futures position without using personal funds.
- Profits earned from the position can be withdrawn after closing.
- Simple and intuitive — perfect for beginners exploring futures trading.
How to use it?
- Each Position Voucher can only be used for one futures position. It does not support Copy Trading or Bot Trading.
- The voucher specifies the allowed futures trading pair and leverage. Users only need to choose the buy/sell direction to open a position.
- The position will be placed at market price under isolated margin mode with buy/sell direction.
- The position can only be closed at market price.
- Leverage cannot be adjusted after opening.
- Some Position Vouchers have a countdown timer after opening. When the countdown ends, the position will be automatically closed.
- If a Position Voucher is partially filled due to market volatility, the voucher will still be considered used and will not be restored.
- Users can view positions opened with Position Vouchers on the Positions page.
Terms and Conditions
- Expired Position Vouchers that have not been used will become invalid.
- Position Voucher funds cannot be transferred to other accounts. Any profits generated will be automatically deposited into the futures account.
- If BloFin detects any misuse, such as bulk registration or malicious exploitation, we reserve the right to disqualify the account and recover any distributed vouchers.
- BloFin reserves the right to modify or cancel the Position Voucher program at any time without prior notice.
- Positions opened by Position Vouchers do not support TP/SL settings.