A referral code is an attribution string. This page says what it does and refuses to dress it up as an edge.
Reviewed by Devendra Damani. Figures rebuilt 2026-08-27. Cost model sourced from Moon's own documentation, linked inline.
It attributes your signup to this site, which is how the site is paid. Moon operates a referral programme and applies whatever welcome terms are current for a referred account in your jurisdiction at the time you open it.
It does not reduce the 1% opening fee. It does not change the rolling fee charged every 8 hours. It does not raise the leverage available to you, and it does not move your max loss price, which sits one part in the leverage away whether you arrived through a code or not.
Anyone telling you a referral code improves your pricing is describing a different product. The multiplier you pick is the variable that decides the outcome, and no code touches it.
This page carries no specific bonus figure, no rakeback percentage and no deposit match. Third-party sites quote all three. None of them is documented by Moon, welcome terms change without notice during a beta, and a stale bonus number on an affiliate page is a lie with a timestamp on it. Moon shows you the current terms at signup. Read those.
The 1% opening fee is charged on your wager and not on your leveraged exposure, so it is flat across the ladder and already about as cheap as this product gets. It also costs 1% of the distance to your max loss price at every rung. There is no discount available on the part that actually costs you, which is the room between entry and liquidation.
Monetary incentives tied to trading are restricted or prohibited for retail clients in several jurisdictions. Retail contracts for difference in the EU and the UK are capped far below the leverage discussed on this site, and inducements of this kind are treated as a prohibited monetary benefit. The referral block and the maximum selectable leverage are gated per country, and where the gate closes this code is not displayed at all.
| Region | Max leverage shown | Referral shown | Basis |
|---|---|---|---|
| EU / EEA retail | 5× equities, 2× crypto | No | ESMA retail CFD intervention; inducement restrictions |
| United Kingdom retail | 5× equities, crypto restricted | No | FCA retail CFD rules; crypto derivatives ban |
| United States | Not offered | No | Retail CFDs not permitted |
| Rest of world | Per venue | Yes | Venue terms; local law |
This table is the configuration this site enforces. It is not legal advice and it is not a statement of what Moon permits. Moon decides who it accepts. Check your own jurisdiction before you deposit anything.
Moon states that a bet cannot take an account below zero, and that a position closes once it has lost an amount equal to the wager. So the wager is the loss. At 1000× that arrives after a 0.100% move, which is not a long wait, but it arrives and then stops.
That is a genuine difference from a margin account, where an adverse gap can leave a balance owing. It is also the reason the multiplier is survivable to write about at all. The risk is not the size of the loss. It is the speed and the certainty of it.
Loss capped at the wager: placing your first bet. Liquidation at one part in the leverage: how leverage works.
Indicative example based on third-party market data. Moon's reference price, spread, fees, settlement and liquidation rules may produce a different result.
Code MAXBONUS. It attributes the signup. It does not change the maths.
Open Moon with MAXBONUSMAXBONUSMarketMoves 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. That commission does not change what the tables say. The cost model on this page was rebuilt in August 2026 after a review found it overstated Moon's opening fee, and correcting it made Moon look cheaper, not dearer. See the affiliate disclosure and the methodology.