xChief is a renowned online trading platform that offers a range of bonuses to its clients. In this article, we will explore two exciting bonuses offered by xChief: the $100 No Deposit Required bonus and the $500 Welcome Bonus.
Direct Promotional Link $100 No Deposit Required plus $500 Welcome Bonus
These bonuses are designed to enhance your trading experience and provide you with additional funds to boost your trading activities. Let's dive into the details of each bonus and learn how you can benefit from them.
$100 No Deposit Required Bonus
The $100 No Deposit Required bonus is a fantastic opportunity offered by xChief to its new clients. With this bonus, you can start trading without using your own funds. Upon sign-up and successful account verification, xChief will credit your account with a $100 bonus, completely free and with no deposit required. This allows you to try out the platform's services and test your chosen trading strategy without any financial commitment.
Advantages of the $100 No Deposit Required Bonus
There are several advantages to availing the $100 No Deposit Required bonus at xChief:
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Start trading without using your own funds: With this bonus, you can enter the exciting world of trading without risking your own money. It provides a risk-free opportunity to explore the platform and try out different trading strategies.
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Quick verification process: The verification process to receive the bonus is swift and hassle-free. Once your account verification is successfully completed, the $100 bonus will be automatically credited to your xChief mobile application.
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Use your bonus credit at your leisure: There is no time limit or restrictions on using the bonus credit. You can utilize it according to your trading preferences and strategies.
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Withdraw the bonus after meeting the required turnover: Once you have met the required turnover, which is calculated based on your trading activities, you can withdraw the $100 bonus without any restrictions.
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Compatible with various trading strategies: The $100 No Deposit Required bonus is compatible with any trading strategy, including the use of trading robots. You have the freedom to explore different approaches and implement your preferred trading techniques.
How to Claim Your $100 No Deposit Required Bonus
To claim your $100 No Deposit Required bonus at xChief, follow these simple steps:
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Sign up and open a trading account on the xChief platform.
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Complete the verification procedure to ensure a smooth bonus claim process.
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Install the xChief mobile application on your device to receive the bonus automatically.
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Fulfill the required trading turnover to become eligible for withdrawing the $100 bonus.
Terms and Conditions
To ensure a fair and transparent bonus system, xChief has established certain terms and conditions for the $100 No Deposit Required bonus:
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The bonus is available only for the following account types: DirectFX and Classic+.
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The xChief mobile application must be installed, and the verification procedure must be completed to claim the No Deposit Bonus.
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Within the application, navigate to the "Bonuses and Credits" section and choose the "No Deposit Bonus" option. Select the appropriate account through which you would like to receive the bonus.
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The $100 bonus can be withdrawn only after the trading turnover on the account has reached USD 10,000,000. The trading turnover is calculated based on the total turnover amount of opening and closing orders.
Examples:
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BUY 1 lot EURUSD at a price of 1.1257 and close at 1.1283. Trading turnover for this order = (100,000 * 1.1257) + (100,000 * 1.1283) = 225,400 USD.
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SELL 5 lots USDJPY at a price of 109.806 and close at 109.352. Trading turnover for this order = (500,000 * 1) + (500,000 * 1) = 1,000,000 USD.
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BUY 3.5 lots GBPUSD at a price of 1.2978 and close at 1.2985. Trading turnover for this order = (350,000 * 1.2978) + (350,000 * 1.2985) = 908,705 USD.
- The maximum withdrawal amount after meeting turnover conditions is $100. When withdrawing $100 for the first time, the entire profit will be debited from the account.
Examples:
If a trader closed 42 lots of EURUSD, which exceeds the required turnover of 10,000,000 USD, and the account balance becomes USD 250, the trader will be able to withdraw only $100. The remaining $150 will be removed from the account.
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An active No Deposit Bonus account functions as a standard trading account and can be replenished without restrictions. However, withdrawals from your funds are only permitted while the bonus is active and the required turnover is not yet completed.
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If you have claimed the No Deposit Bonus, you can still claim the $500 Welcome Bonus through another trading account.
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The No Deposit Bonus is not available in the following countries: Angola, Bangladesh, Benin, Botswana, Cameroon, Côte d'Ivoire, Congo, Cuba, El Salvador, Ethiopia, Ghana, Honduras, Kenya, Madagascar, Malaysia, Morocco, Mozambique, Namibia, Nigeria, Nicaragua, Pakistan, South Africa, Somalia, Sri Lanka, Swaziland, Togo, Zambia, Zimbabwe, Venezuela, Uganda, Uzbekistan.
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It is strictly prohibited to claim the No Deposit Bonus again using a new registration. Additionally, claiming the bonus is not allowed if a relative or a close person has already received such a bonus. By receiving the No Deposit Bonus, you agree to xChief's right to cancel the bonus and any profit obtained through it at any time, without stating a reason.
Now that we have explored the $100 No Deposit Required bonus, let's move on to the $500 Welcome Bonus.
$500 Welcome Bonus
The $500 Welcome Bonus is an attractive offer provided by xChief to new clients upon their initial deposit. This bonus is automatically credited to your account with the first deposit and can significantly enhance your trading capital, giving you a head start in your trading journey.
Advantages of the $500 Welcome Bonus
The $500 Welcome Bonus at xChief offers several advantages to traders:
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Swift and easy verification process: Getting verified to receive the Welcome Bonus is a smooth and efficient process, allowing you to start trading with the bonus quickly.
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Automatic bonus credit: The Welcome Bonus is automatically credited to your account when you make your first deposit, eliminating the need for manual bonus activation.
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Enjoy a bonus of up to $500: The amount of the Welcome Bonus is equal to 100% of your initial deposit, up to a maximum of $500. This bonus provides a substantial boost to your trading capital.
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Withdraw the bonus and profits at your leisure: Once you have achieved the required trading turnover, you can withdraw both the Welcome Bonus and any profits you have made without limitations or restrictions.
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Compatibility with various trading strategies: The Welcome Bonus can be used in conjunction with any trading strategy, including scalping and arbitrage. You have the freedom to implement your preferred trading techniques.
How to Claim Your $500 Welcome Bonus
To claim the $500 Welcome Bonus at xChief, follow these steps:
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Sign up and open a standard trading account on the xChief platform.
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Choose the "Enroll Welcome Bonus" option on the replenishment form during your initial deposit. The minimum deposit required to claim the Welcome Bonus is $50.
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Complete the deposit process, ensuring that you have selected the "Enroll Welcome Bonus" option.
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Once the deposit is successful, check that the Welcome Bonus has been credited to your account.
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You can withdraw profits at any time, and after achieving the required turnover, you can also withdraw the Welcome Bonus without any restrictions.
Terms and Conditions
To ensure fair and transparent utilization of the Welcome Bonus, xChief has specified certain terms and conditions:
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The Welcome Bonus of up to $500 is available for the following account types: Classic+, DirectFX, or xPRIME.
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The Welcome Bonus must be claimed during the initial deposit of at least $50. Select the "Enroll Welcome Bonus" option on the replenishment form.
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The bonus amount is equal to 100% of the deposit sum, up to a maximum of $500 (or its equivalent in the account currency).
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While profits can be withdrawn at any time, the Welcome Bonus can be withdrawn only after meeting the required trading turnover. The turnover is calculated using the formula: Required Turnover = Welcome Bonus in USD * 50,000.
Example:
If a trader deposits $200 and receives a Welcome Bonus of $200, the required turnover would be $10,000,000 (200 * 50,000), which is equivalent to 44 lots of EURUSD in MetaTrader.
- The trading turnover is calculated as the total turnover of all deals for opening and closing positions.
Examples:
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BUY 1 lot EURUSD at a price of 1.1257 and close at 1.1283. Trading turnover = (100,000 * 1.1257) + (100,000 * 1.1283) = 225,400 USD.
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SELL 5 lots USDJPY at a price of 109.806 and close at 109.352. Trading turnover = (500,000 * 1) + (500,000 * 1) = 1,000,000 USD.
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BUY 3.5 lots GBPUSD at a price of 1.2978 and close at 1.2985. Trading turnover = (350,000 * 1.2978) + (350,000 * 1.2985) = 908,705 USD.
- The Welcome Bonus cannot be used in a "drawdown" situation and will be automatically canceled if the equity falls equal to or below the credit. In such cases, all positions will be forcibly closed (stop out).
Example:
If a trader makes a deposit of $500 and receives a Welcome Bonus of $500, and the equity drops to $500 (the value in the credit field), the Welcome Bonus will be automatically canceled, and all positions will be forcibly closed (stop out).
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If there is an active Welcome Bonus on the account, the sum of funds available for withdrawal will be limited and calculated using the formula: Available for withdrawal = Free Margin - Welcome Bonus - Deposit amount for which Welcome Bonus has been given.
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You can remove the withdrawal restrictions by canceling the Welcome Bonus in the Personal Area at any time. In this case, only the bonus amount will be deducted.
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Detailed information about the Welcome Bonus, including the required and current turnover, can be found in the Personal Area.
Now that you have a clear understanding of both the $100 No Deposit Required bonus and the $500 Welcome Bonus, you can make an informed decision regarding which bonus suits your trading goals and preferences. Remember to carefully review the terms and conditions associated with each bonus before proceeding. Enjoy your trading journey with xChief and take advantage of these exciting bonus opportunities!