IS6FX introduces exchange account for converting bonuses to cash
Convert bonus into cash according to trading volume
IS6FX has unveiled an innovative exchange account—dubbed the EX account—that is set to transform bonus utilization in trading.
Traditionally, bonuses provided by brokers were usable only as margin, locking funds that could not be withdrawn.
With the new EX account, traders now have the ability to convert these bonuses into cash immediately after closing a position, thereby unlocking the funds for withdrawal. This pioneering solution aims to offer traders more flexibility and, potentially, help to minimize trading losses by making bonus funds readily accessible.
How it works
Under the EX account system, bonuses are automatically converted to cash upon the closure of a trade. This conversion mechanism ensures that traders can access bonus funds as real, withdrawable cash, instead of being tied up as collateral or margin.
How to convert bonuses:
1. Open an EX account.
2. Deposit to EX account and get 100% bonus.
3. Trade with an EX account.
4. According to trading volume convert bonus into cash.
However, the process is not without risk. If the unrealized losses on a position exceed the account balance, any bonus associated with that position will be reset to zero—a safeguard that may trigger a stop-out. This feature is designed to maintain account integrity while encouraging prudent trading strategies, as it forces traders to manage their positions carefully to avoid losing bonus funds.
Market implications and future outlook
The launch of the EX account represents a significant step forward in trading account innovation. By enabling immediate conversion of bonuses into cash, IS6FX is addressing a longstanding limitation in the industry.
Traders who have traditionally viewed bonuses as a temporary boost to margin can now leverage these funds in more versatile ways, potentially reducing trading losses and enhancing liquidity.
Read also: OKX launches new Trade and Earn Campaign with 500,000 KAITO prize pool.
