If you’re considering opening a bonus-style trading account, the GatesFX Deposit Bonus Account is one of the more aggressive offers out there. Below is a breakdown of what it offers, how it works, who it’s for, and what you should watch out for.
New to GatesFX? Read our full GatesFX review for platform, fees, and withdrawal details before choosing the Deposit Bonus account.
How it Works
- When you fund this account, GatesFX gives you a 100 % credit bonus. For example: deposit $500 → trade with $1,000 in available funds.
- The bonus acts as additional margin, meaning you can take larger positions or hold more exposure than your initial cash balance.
- It’s available on two platforms: MetaTrader 5 and the broker’s proprietary platform TradeLocker.
- Key specs (as per the broker): spreads “from 0.0 pips,” commission of US$15 per round-trip per lot, leverage up to 1:500, and minimum deposit from US$10.
For spreads, commissions, and real user feedback, see our full GatesFX review update.
Who This Account Is Suited To
- Traders with smaller starting balances who want a boost in buying power.
- Traders curious about testing the TradeLocker platform (if you’re looking for something other than standard MT5).
- Traders comfortable managing risk: when margin is enhanced, risk can scale up too.
Important Bonus Conditions & Risks
- To convert the bonus credit into a withdrawable “balance” (or to make the bonus meaningful beyond just margin), you usually need to meet certain trading-volume requirements. GatesFX states: “The credit bonus can be converted to balance and be withdrawn once the required lots have been traded.”
- Profits made using the bonus are fully withdrawable at any time (that’s a good feature).
- A major caveat: If your equity drops below 120% of the credit amount, the bonus will be removed. Example: If you get a $500 bonus credit, and your equity (initial deposit + credit + profit/loss) falls below $600, you could lose the bonus.
- Bonus accounts often come with additional implicit risks: larger margin = larger exposure; bonus terms may change; platforms or broker conditions may shift.
- Be sure this bonus is compatible with your trading style (scalping vs swing vs long term), instrument set, and risk tolerance.
Pros & Cons Summary
✅ Pros:
- Doubling of account size (via bonus) => more leverage or position size for given capital.
- Low minimum deposit (US$10) lowers barrier to entry.
- Availability on MT5 + an alternative (TradeLocker).
- Profits withdrawable (good) and bonus convertible if conditions met.
⚠️ Cons / Things to Watch:
- The condition of “equity drops below 120% of bonus → bonus removed” introduces a solid risk margin you need to monitor.
- Just because “spreads from 0.0” is advertised doesn’t mean that’s the everyday cost; commissions ($15 per lot) and real-world spread variability matter.
- High leverage = higher risk of quick losses; bonus amplifies that.
- Regulation or broker reliability: Always check the broker’s regulation status, credibility, withdrawal experience of other traders.
- Bonus terms may change; always read the current terms & conditions.
Final Thoughts
If you’re a trader with modest capital who wants to amplify your trading power and you understand the risks (especially around margin, equity floors and bonus removal), the GatesFX Deposit Bonus Account could be a strategic fit. On the other hand, if you’re risk-averse, trading large capital, or you prefer ultra-tight regulation and minimal “bonus” hooks, this might not be the first choice.
Treat the bonus as extra margin support, not as “free money”. Use disciplined risk management, test with smaller positions, monitor your equity vs bonus thresholds, and always verify current terms before proceeding.