LeveX affiliate program review: up to 70% on the banner, 30% everywhere else

LeveX’s affiliate landing page prints “Up to 70%” of the exchange’s profits from referred trades. Every other LeveX document we could find says 30%: the affiliate FAQ, which repeats “a 30% commission on LeveX’s profits from your clients’ trades” as the answer to six of its seven questions, and the exchange’s own guide for KOLs and influencers of 26 June 2025, which builds its worked example on 30%. No page publishes a ladder between the two numbers. The affiliate agreement (effective 23 October 2023, displayed under a 30 March 2026 label) adds a 10% share of sub-affiliates’ commissions, credits commission “once each trade is processed”, protects earned commission from rate changes, and names its counterparty only as “the operator of Levex Trading Platform”. We read all of it, the fee table, the user terms, Singapore’s company register and Canada’s money-services register on 5 October 2026. Our score is 5.5/10.

Who runs the program

LeveX is a spot and perpetual-futures exchange that, by its own account, launched on 1 October 2023. Its About page claims “511K+” community members, fees “as low as 0.0060%” and proof of reserves above 100%, and describes a founding team of “veteran crypto exchange builders” without naming anyone. The affiliate program is a separate application-based scheme at affiliates.levex.com: apply, get approved, receive a link. The application form asks for a name, username, email, password and country, says joining is free and requires a LeveX trading account.

The company page is the only place LeveX names a legal entity: LEVEX TECHNOLOGIES PTE. LTD., director Harvey Liu, UEN 202521967D, 3 Fraser Street #4-23A, DUO Tower, Singapore 189352. We looked the UEN up in ACRA’s open dataset of registered entities: a live private company limited by shares, incorporated 21 May 2025, four officers, registered at that address under activity code 62021, Singapore’s code for software and application development. That matches the role LeveX gives it, “development and technical maintenance of the LeveX platform”. The same page then says the exchange is “operated by a global group of companies, with entities supporting various aspects of platform development, user support, and strategic operations across multiple jurisdictions”, and names none of them. The affiliate agreement’s definitions clause says “Levex” means “the operator of Levex Trading Platform”. So the company you can verify is twenty months old and builds the website; the company that owes you commission is unnamed.

Two outside sources put the exchange in Panama. CoinGecko’s exchange page says LeveX was “established in 2023 and is registered in Panama”, and the Trustpilot profile, which LeveX claimed on 2 April 2025, gives Panama as its contact country. LeveX’s own pages never mention Panama. On regulation the exchange is candid: its General Questions page, updated 30 April 2025, answers “Is LeveX regulated?” with “At the moment, LeveX is not subject to the regulatory oversight of any specific country or regulatory authority”, and its compliance page offers an email address for regulators and no licence number.

CoinGecko’s regulation line nevertheless reads “Money Services Business (MSB) – Canada”, with the site’s own caveat that its regulatory data is compiled with AI assistance. We downloaded FINTRAC’s money services business registry and found one match: LEVEX FINTECH CANADA LTD., registration M23429912, status Registered, first approved 27 July 2023, expiring 10 March 2028, incorporated in British Columbia on 19 May 2023, services “Foreign Exchange” only, website “Not available”, with a Vancouver address. Nothing on levex.com claims that registration, the entry lists no website, and FINTRAC’s own registry page says registration “does not indicate that FINTRAC endorses or licenses the business”. A name match in a registry is not a licence for a derivatives exchange, and we do not count it as one.

For scale, CoinGecko reported about $13.7 million of 24-hour spot volume across 125 coins and 148 pairs on 5 October 2026, with a Trust Score of 7/10 and a “Low” liquidity assessment. LeveX’s proof-of-reserves page showed a last audit of 1 October 2026 08:50 UTC with reserve ratios of 103% for BTC, 122% for ETH and 101% for USDT, and a published Merkle root; DefiLlama, which tracks the wallet addresses LeveX publishes, showed $8.44 million of total assets. Those are the exchange’s own ratios over the exchange’s own liabilities figure; no outside auditor is named.

Commission structure

Here is every rate LeveX publishes for this program, with where it appears:

Document, read 5 October 2026	Direct rate	Sub-affiliate	Base named
Affiliate landing page	“Up to 70%”	10%	“LeveX profits from your network’s trades”
Affiliate FAQ	30%	10%	“LeveX’s profits from your clients’ trades”
KOL guide, 26 June 2025	30%	10%	“LeveX’s profits generated by traders who join through your link”
Affiliate agreement, clauses 5.1 to 5.5	“the Applicable Commission Ratio”, unstated	10% of the sub-affiliate’s commission	Referrals’ fees after discounts and “Other Fees”

The FAQ is a strange document. Its seven questions include “Is there a minimum payout threshold?”, “Are there any promotional materials?” and “Can I earn commissions on my own trading activity?”, and six of them get the identical answer about 30% and 10%. That is a template filled in once, not six policies, so the only information it carries is the number. The number is consistent with the KOL guide, which was written nine months after the program launched and never mentions 70%. Clause 5.3 of the agreement says “the latest Applicable Commission Ratio for each level can be found on the Affiliate Program page”, and that LeveX “may, in its absolute sole discretion, adjust the Applicable Commission Ratio based on the number of Referrals you bring in and/or the total trading volume” they generate. The program page shows one level and one ceiling. The honest reading is that 30% is what an approved affiliate gets, and anything above it is negotiated.

“Profits” is defined by clause 5.1, and it is narrower than fees. Commissions are “calculated by Levex in its absolute sole discretion, taking into account the fees paid by your Referrals and the commission ratio applicable to you, after deducting the trading fee discount offered by Levex to a certain group of customers or Other Fees”, where Other Fees are costs “incurred by your Referrals due to the use of third-party trading tools, bonuses received by the Referrals, or other costs incurred by the Referrals during actual trading”. A referred trader who claims a welcome bonus, which the registration FAQ advertises at up to $40,000 in futures credit, is therefore reducing your base before the percentage applies.

The percentage is applied to a fee schedule that is already low. The Fees & Conditions page lists, for an account with no VIP level, 0.0200% maker and 0.0600% taker on futures and 0.1000% both ways on spot. Silver, the first VIP level, needs either $1,000,000 of 30-day volume or a $1,000 account balance, and cuts the futures taker fee to 0.0500%; Ultimate ($200,000,000 or a $3,000,000 balance) charges 0.0060% and 0.0300%. The page advertises “up to 94% discount on trading fees at Ultimate tier”. The $1,000 balance route means a large share of real traders will sit at Silver or above from their first deposit. LeveX’s own KOL guide illustrates the consequence: a referral trading $1,000,000 a month at the VIP 1 maker fee of 0.02% pays about $200 in fees, and “your 30% share would generate $60 monthly”.

Per 1,000 USDT of referred volume	Fee at standard tier	At 30% (FAQ)	At 70% (banner)
Futures, taker	0.60 USDT	0.18 USDT	0.42 USDT
Futures, maker	0.20 USDT	0.06 USDT	0.14 USDT
Spot, either side	1.00 USDT	0.30 USDT	0.70 USDT
Futures, taker, Silver tier	0.50 USDT	0.15 USDT	0.35 USDT
Futures, taker, Ultimate tier	0.30 USDT	0.09 USDT	0.21 USDT

These figures are before clause 5.1’s deductions, so they are ceilings for each row. To earn 100 USDT a month at the documented 30%, your referrals need to pay about 333 USDT in net fees, which is roughly 555,000 USDT of standard-tier futures taker volume or 1,110,000 USDT at the Ultimate tier. The sub-affiliate 10% is 10% of the sub-affiliate’s commission, not of their referrals’ fees: if a sub-affiliate earns 300 USDT, you receive 30 USDT. Clause 5.4 only creates a sub-affiliate when one of your referrals applies for and is granted affiliate status themselves. There is no CPA, hybrid or cap in any public document.

One more rate exists, and it belongs to a different scheme. Since 17 July 2025 every LeveX account has a retail referral program paying “up to 30% commission on trading fees” in USDT. Its FAQ lets the referrer split the 30% with the friend as a fee discount, pays “in real-time”, allows withdrawal from 1 USDT, and limits earnings to “12 months from their registration date”. Up to 10 links per account (the launch post said 20), and the link guide warns that “once created, referral codes cannot be changed”. Note the base: the retail scheme pays a share of gross trading fees; the affiliate program pays a share of “profits” after deductions. A publisher who is offered the affiliate program at 30% should ask what, per 1,000 USDT of referred volume, they would have made on the retail code instead, and whether lifetime beats twelve months of a bigger base.

Attribution and cookies

The agreement defines a Referral as “a person who becomes our user using your Affiliate Links and/or the Affiliate’s Referral Code”. The landing page promises “lifetime commissions on new active traders”. Nothing published states a cookie duration, a first-click or last-click rule, whether a code can be attached to an existing account, or what happens when someone clicks on one device and registers on another. Lifetime describes what happens after registration is credited to you, not how long an unconverted click stays yours.

Identity checks are split in two directions. The registration FAQ (dated 7 October 2023) says KYC “isn’t mandatory for account creation”, and the withdrawal guide of 22 May 2025 requires “completed identity verification if withdrawing larger amounts”. The user agreement says the opposite in its identity section: “before you sign up, you must provide a photograph showing you holding your identity document in front of your chest”. No KYC milestone is required of a referred user before their fees count toward commission. Tracking runs through LeveX’s own portal; clause 3.3 promises it will show clicks, referrals, their trading volume and commissions “pending and paid out”. Clause 3.4 makes that display “final, conclusive and binding” unless you dispute it “within 10 working days together with supporting evidence”. We did not open an account or test a link.

Payouts

Clause 5.6: commission “will be paid in the cryptocurrencies based on the trades made by your Referrals and will be credited to your Affiliate Account once each trade is processed”. That is a credit, in whatever asset the fee was charged in, to an account on the exchange. The KOL guide describes the cash side: “LeveX pays affiliate commissions monthly based on the previous month’s trading activity”, and “commission payments typically process within the first week of each month, with detailed breakdowns showing earnings from direct referrals and sub-affiliates separately”. The landing page’s “monthly recurring revenue shares” fits that. So the first payment after a referral’s first trade arrives, at best, in the first week of the following month.

What is not published for affiliates: a withdrawal minimum, a settlement currency, the supported chains, the transfer fee, or the maximum time a compliance review can hold a balance. The FAQ’s “minimum payout threshold” question gets the 30% template answer. Once the money is in a LeveX account it is subject to the exchange’s ordinary withdrawal rules: the guide shows the per-asset minimum, network fee and daily and monthly limits only inside the withdrawal form, and the deposits and withdrawals FAQ says funds “usually take about 20 to 30 minutes to reach your receiving wallet after processing”. The clock starts after processing, and the reviews below are about what happens before it.

The terms that bite

The agreement displays “Mar 30, 2026” in its page header above “Effective Date: October 23, 2023”; the copy on the affiliate portal carries the same effective date under an “Oct 26, 2023” label. The text is the 2023 contract. Its clauses, in the order an affiliate will meet them:

• Eligibility, clause 2.2. You must not live “in a jurisdiction which restricts or is illegal for you to participate in the Affiliate Program, use or access the Platform”, and the application requires a trading account. The exchange’s own banned-country list therefore applies to you as well as to your readers.
• Traffic rules, clause 4.2. No bidding on “Levex” or related terms in any search engine, no LeveX domain as a display URL, no unsolicited email, no statements “on the rate of return, risks or success”, and no traffic redirected from “pages similar to levex.com”, imitation social accounts or “any unofficial third-party URLs”. The last phrase is broad enough to catch an ordinary landing page; get it defined in writing before buying display inventory from a network such as Coinzilla.
• Clawback, clauses 4.2, 4.4 and 11.4. Self-trading or multi-account commission can be adjusted or “traced” after payment; any breach of clause 4 lets LeveX “retain, reclaim, and/or trace any Commission already paid to you”; and if any of your referrals’ activity is “deemed suspicious”, LeveX “may withhold payment of the Commission(s) until it verifies the relevant transactions” and, on a finding of fraud or breach, “recall any Commissions that have already been paid out”. A referred customer’s conduct can cost you paid commission.
• Rate changes, clauses 5.2 and 10.2. Changes to your ratio and to “the Commission” do not apply retroactively to commission “earned or will be earning prior to such change”. This is the contract’s best clause and it is rarer than it should be. It does not stop clause 10.1, which lets LeveX “vary the terms of the Affiliate Agreement at any time for any reason”, or clause 5.3, which lets it move your level.
• Termination, clause 11. LeveX may “terminate the Affiliate Program at any time for any reason”. Termination for breach forfeits “any outstanding Commission”; otherwise commission earned before termination is paid “up to the termination date”.
• Self-promotion, clause 5.7. No commission on your own trading. The KOL guide says the program’s self-trading terms “aren’t publicly specified”, which tells you the marketing team did not read the contract either.
• Governing law, clause 12.6. Singapore. The user agreement the affiliate agreement incorporates chooses the laws of England and Wales, arbitration at the Hong Kong International Arbitration Centre, and a one-year deadline to bring any claim. Singapore is also on the list of countries whose residents LeveX refuses.

Then there are two platform documents, both linked from the affiliate agreement, both displayed under the same “Mar 30, 2026” page label, with different banned-country lists:

Document	Stated version	“Prohibited Countries”
User Agreement	25 October 2024	United Arab Emirates, North Korea, Cuba, Sudan, Syria, Iran, Crimea, mainland China, Indonesia, Singapore, Venezuela, United States
Terms of Use	26 October 2023	The same twelve, plus “Europe” and “United Kingdom”

Both lists are “non-exclusive and … subject to change, at any time”. The older document says “Europe”, not the EU or the EEA. Until LeveX withdraws one of the two or confirms in writing which governs, a publisher with European or British readers is promoting an exchange whose own terms may refuse them. The user agreement also lets LeveX restrict an account “not accessed in over one year” and close a dormant account after a notice to withdraw; an affiliate whose account exists only to receive commission should log into it. The affiliate agreement contains no negative-carryover clause because it has no monthly net-revenue model to carry over, and no promise that clause 5.1’s deductions cannot push a month’s figure below zero.

What affiliates report

The Trustpilot profile for levex.com, read on 5 October 2026, shows 3.6/5 from 13 reviews: 77% five-star, 8% three-star, 15% one-star, six of them in the past twelve months, and the profile flags that LeveX has not replied to either of its two negative reviews. The sample is small and it is about the exchange, not the affiliate program; we found no dated report of unpaid LeveX affiliate commission anywhere.

The two one-star reviews describe the same sequence. One, posted 19 September 2026, says an account was placed under review in late July, asked for a video, told for weeks that the case was with the “Risk Control Team”, then on 10 September informed that the account had “violated Terms of Service”, was permanently restricted and that nothing further could be withdrawn, while about 6,200 USDT remained visible in it; the reviewer says position-closing was also blocked during the review. The other, posted 14 August and updated 13 September 2026, says an account was flagged, support repeated “we don’t have the exact ETA timeline” for over a month, and the account was then blocked for a terms violation. A third review, three stars, posted in January 2026 under the heading “Scammers” and updated 20 July, says the reviewer did withdraw everything “after verification; the wait time was 2–3 days” and that order books are thin; LeveX replied to that one, calling the verification step “common practice across exchanges”. The five-star reviews praise sign-up speed and support.

These are traders’ accounts, not verified transactions, and none concerns an affiliate balance. They matter because clause 5.6 puts your commission in an account governed by the same compliance process, and because a publisher’s readers will go through it. Test the whole path before scaling: one referral, one credited commission, one withdrawal to a wallet you control, and a note of how many days the three took.

LeveX against the alternatives

The fair comparison is per unit of referred volume, because percentages of different fee schedules are different amounts of money. Each row uses the venue’s published standard futures taker fee and its documented entry rate; LeveX gets two rows, one for each number it prints.

Program	Documented rate	Standard futures taker fee	Per 1,000 USDT taker volume	Settlement published
LeveX, FAQ and KOL guide	30% of profits	0.06%	0.18 USDT, before deductions	Credit per trade; paid monthly, first week
LeveX, landing page	“Up to 70%”	0.06%	0.42 USDT, if granted	Same
Ourbit	50% of fees	0.04%	0.20 USDT	Daily, 10:00 UTC+8
BloFin	40% at Level 1 (quarterly test)	0.06%	0.24 USDT	Hourly, USDT
Flipster	Retail 25%; “up to 60%”	0.06%	0.15 USDT retail; 0.36 at 60%	Not published
KCEX	100% (campaign)	0.01%	0.10 USDT	Hourly

At its documented rate LeveX pays less per unit of volume than Ourbit or BloFin’s entry tier and more than KCEX; at the banner rate it would pay the most of the six. The difference between the two LeveX rows is the whole decision, and it is the one thing the public pages do not settle. Against that, LeveX has a clause the others lack, the written promise that rate changes are not retroactive, and the slowest documented payment cycle of the group. Ourbit publishes a daily settlement and carries an FCA warning; BloFin publishes a three-tier ladder and makes you re-qualify every quarter; see the linked reviews for the rest. Our exchange affiliate comparison sets ten larger programs on the same axes.

Verdict

Our score is 5.5/10. On the brief’s rubric for a new exchange, LeveX publishes a rate (30%, in two places), promises lifetime attribution, protects earned commission from rate changes and runs a live proof-of-reserves page with a dated audit, and we found no affiliate non-payment report. It pays monthly rather than weekly, publishes no affiliate payout minimum or currency, names no commission debtor, has no regulator by its own statement, lists two incompatible banned-country sets, and carries two September 2026 complaints about balances held through open-ended compliance reviews. The banner’s 70% earns nothing in this score because nothing documents it.

We would run a content placement for LeveX only after four things arrive in writing from the affiliate team: the legal name of the entity paying commission, the rate and a worked calculation of “profits” for one real trade, the payout currency, chain, minimum and schedule, and a statement of which banned-country list governs. Paid acquisition needs all four and a completed test withdrawal first.

FAQ

What is the LeveX affiliate commission?

The affiliate FAQ and LeveX’s June 2025 KOL guide both say 30% of LeveX’s profits from your referrals’ trades, plus 10% of what your sub-affiliates earn. The landing page says “up to 70%” and no document explains how to reach it. “Profits” means fees after LeveX deducts fee discounts, bonuses and third-party tool charges, per clause 5.1 of the agreement.

How does the LeveX affiliate payout work?

Clause 5.6 credits commission to your affiliate account in the cryptocurrencies your referrals traded, once each trade is processed. LeveX’s KOL guide says payments are made monthly, within the first week of the month, for the previous month’s activity. No minimum, currency, chain or fee is published for affiliates; the exchange’s ordinary withdrawal limits and verification apply once the money is in your account.

Is the LeveX affiliate program legit?

The program is real: a live application, a public contract dated October 2023, a public FAQ and a portal. The only company LeveX names, LEVEX TECHNOLOGIES PTE. LTD., exists in Singapore’s register and is described by LeveX as its technology company, not as the operator. LeveX says it is not regulated anywhere. We found no report of unpaid affiliate commission; we found two September 2026 Trustpilot reports of trading balances locked after compliance reviews.

What is the difference between LeveX referral and affiliate?

Every account has the retail referral program: up to 30% of referred trading fees, paid in USDT in real time, claimable from 1 USDT, shareable with the friend as a discount, and limited to 12 months per referred user. The affiliate program is by application: 30% of “profits” after deductions, for life, credited per trade and paid monthly, with sub-affiliate income and a negotiable ceiling. The retail base is gross fees; the affiliate base is net.

Does LeveX offer lifetime attribution?

The landing page promises “lifetime commissions on new active traders” and nothing in the agreement limits the duration. No cookie window or click-priority rule is published, and clause 11.1 lets LeveX end the program at any time for any reason, paying commission earned up to that date.

Can LeveX affiliates send UK or European traffic?

Not safely. LeveX’s Terms of Use (26 October 2023) list “Europe” and “United Kingdom” among its prohibited countries; its User Agreement (25 October 2024) lists the same twelve other places and omits both. Both documents are live and linked from the affiliate agreement. Until LeveX states in writing which governs, treat European and British readers as excluded.

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