GMX Referral Code (kickback) - Save 20% on Trading Fees

If you're planning to trade on GMX, the GMX Referral Code "kickback" is promoted online as offering 20% off trading fees. However, GMX's current official referral documentation does not confirm a 20% trader discount for this code. The current official documentation lists trader discounts of 5% for Tier 1 and 10% for Tier 2 and Tier 3 referral codes.

GMX Referral Code: "kickback"
​Advertised Discount: 20% OFF
​Current Official Referral Discounts: 5%–10%, depending on referral tier
​Platform: GMX

kickback is a referral code promoted for GMX traders. Referral codes connect traders with GMX's referral program and can provide a discount on eligible position fees. GMX explains that the referral code is stored when a trader uses a valid referral link and creates an eligible order.

The 20% discount claim is an advertised claim, not something currently confirmed by GMX's official documentation. Therefore, users should check the discount displayed by GMX before placing a trade.

GMX is a decentralized trading platform that supports cryptocurrency swaps and leveraged perpetual trading. Trades are executed through blockchain-based smart contracts rather than a traditional centralized exchange.

GMX's current fee documentation states that most markets charge a 0.04% or 0.06% position fee, depending on whether the trade improves or increases the long/short open-interest imbalance.

Visit the official GMX trading interface and connect your compatible crypto wallet.

Use the referral link associated with the code kickback so that the referral code can be stored for your wallet.

Connect the wallet you intend to use for trading.

GMX states that the referral code is written on-chain when the trader creates their first order with a valid registered code, provided they don't already have a referral code assigned.

Before submitting your order, check the fee displayed by GMX.

If the applicable referral discount is shown correctly, complete your trade after reviewing all associated costs.

The advertised 20% discount would theoretically reduce an eligible fee by one-fifth.

For example, if an eligible trading fee were $100:

$100 × 20% = $20 savings

$100 − $20 = $80 fee

However, GMX's current official documentation lists 5%–10% trader discounts depending on referral tier, so the above 20% example should not be treated as a guaranteed GMX discount.

GMX has several types of costs, and a referral discount does not necessarily apply to all of them.

GMX documents fees including:

The current standard position fee for most markets is 0.04% or 0.06% of position size.

GMX also states that affiliate rewards are earned on position fees, not swap fees, deposit or withdrawal fees, borrowing fees, or funding fees.

GMX's current referral documentation provides different trader discounts depending on the referral tier.

The referral program has also been updated for Arbitrum, while GMX states that trader discounts for existing tiers remain unchanged.

This is why the 20% figure in the title should be considered an advertised promotion rather than an independently confirmed current GMX rate.

A valid GMX referral code can reduce eligible position fees according to the applicable referral tier.

GMX's referral system records referral relationships on-chain, allowing eligible traders to receive the associated discount.

Even a 5% or 10% reduction can reduce costs for traders who frequently open or close leveraged positions.

GMX displays applicable trading costs before order execution, allowing traders to review the expected fee before confirming a position.

No. This is the most important point.

The code "kickback" is promoted online as providing 20% off, but GMX's current official documentation does not verify a 20% trader discount. GMX currently documents 5% and 10% trader discounts depending on referral tier.

Always check the actual discount and final fee shown in the GMX interface before submitting an order.

The referral code featured here is "kickback."

It is advertised online as providing 20% off, but GMX's current official documentation does not confirm a 20% trader discount. Current documented referral discounts are 5% for Tier 1 and 10% for Tier 2 and Tier 3.

Referral discounts apply to eligible position fees. They should not be assumed to apply to borrowing, funding, swap, or network fees.

Use the referral link associated with kickback before making your eligible GMX order. GMX records a valid referral code when the first qualifying order is created.

GMX states that changing an existing trader referral code is normally a separate user action requiring a signed referral-code change transaction or relay message.

No. Referral discounts only reduce eligible fees. Leveraged cryptocurrency trading carries substantial risk, and a fee discount does not protect against trading losses.

The GMX Referral Code "kickback" is promoted as a way to save 20% on trading fees, but GMX's current official documentation indicates that referral discounts are presently 5% for Tier 1 and 10% for Tier 2/3, rather than a confirmed 20%.

If you plan to use kickback, verify the referral code and the actual discount displayed by GMX before placing your trade. Also remember that referral discounts generally concern eligible position fees and do not automatically eliminate other trading costs.