Forex Chief is offering a “Turnover Rebates” promotion that allows traders to receive automatic, weekly refunds on completed transactions.
The Promotion has ended. Please note that the information of the ended Promotions and events maybe outdated.
For the latest xChief’s Promotions and events, please refer to its main introduction page. xChief’s main introduction page is here.
- “Turnover Rebates” Promotion
- Terms and Conditions for Rebates
- Accounts Compatible with Turnover Rebates
Trade and receive discounts on completed transactions. All automated, payment every weekend, and no withdrawal limits.
“Turnover Rebates” Promotion
In addition to supporting traders with a constantly updated and well-structured trading environment, Forex Chief never ceases to amaze its customers by offering extremely advantageous promotions and initiatives. Among these, certainly the most unique and interesting is the Turnover Rebates.
A promotional offer very similar to the classic Cashback service that allows customers who regularly invest to receive Rebates on completed transactions. No request will be necessary to access the promotion, it will be activated automatically. This is how it works: based on the transactions made during the week, the Rebates will be calculated and credited to the participant’s account every weekend.
- No hidden rules, transparent and easy-to-understand terms and conditions.
- Progressive scale discount rates. The higher the volume of investments, the greater the discount received.
- Prompt Rebates credit every weekend.
- Complete absence of MTP.
- Withdrawals without any restrictions.
Receive Rebate from ForexChief
Terms and Conditions for Rebates
As mentioned, the regulation that allows access to the promotion is simple and free of hidden terms or conditions. The customer (usually active, regularly trading) will receive the Rebates automatically and will not have to make any request to take advantage of the offer.
- The accounts compatible with the offer are: MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+, cent-MT4.DirectFX, cent-MT4.Classic+, cent-MT5.DirectFX, cent-MT5.Classic+.
- Each Rebates will be credited to the participant’s account at the close of each trading session, once a week on weekends.
- The rebates calculation is based on the value of the transactions made during the week: Monday 00:00:01 – Friday 23:59:59 (server time);
- Trading turnover will be calculated in USD and will include both opening and closing transactions.
- Only closed orders will be considered valid for the rebate calculation on trading turnover.
- All opening and closing transactions of a position will be added to the trading turnover.
- Example for MT4 account:
The customer opens a position and buys 1 lot EURUSD (1 lot = 100,000 EUR) at a price of 1.3452 and closes at 1.3542. As a result, the trading volume will be USD = (100 000 * 1.3452) + (100 000 * 1.3542) = 269 940 USD. - Example for MT5 account:
The trader opens a position by buying 1 lot EURUSD (1 lot = 100,000 EUR) at a price of 1.3452 but does not close the position. The trading volume will be USD = (100 000 * 1.3452) = 134 520 USD. - The “Turnover Rebates” promotion is not compatible with other promotions offered by the broker. Therefore, if there are active bonuses in the customer’s account, the transactions made will not be considered valid for the refund calculation.
The refunds that each customer can get vary with the weekly investment volume. Consequently, the more investments made during the period, the higher the rate at which the refund amount will be calculated:
Transactions Made (USD) | Rate for Calculation |
---|---|
Up to 100,000,000 | 3 USD per 1 million USD |
From 100,000,000 to 500,000,000 | 7 USD per 1 million USD |
Over 500,000,000 | 10 USD per 1 million USD |
We would like to clarify that any interested trader can receive additional information about the refund calculation by clicking on their ID in the Personal Area. The customer can withdraw the credited amounts at any time and without any restrictions.
Trade to get Cashback from ForexChief
Accounts Compatible with Turnover Rebates
Among the accounts available with Forex Chief, the customer can choose the following to access the promotion: MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+, cent-MT4.Classic+, cent-MT4.DirectFX, cent-MT5.DirectFX, cent-MT5.Classic+.
The distinctive features of each individual account are as follows:
Features | MT4.DirectFX | MT4.Classic+ | MT5.DirectFX | MT5.Classic+ | cent-MT4.Classic+ | cent-MT4.DirectFX | cent-MT5.DirectFX | cent-MT5.Classic+ |
---|---|---|---|---|---|---|---|---|
Platforms available | MetaTrader4, iOS Trader, Android Trader | MetaTrader4, iOS Trader, Android Trader | MetaTrader5, iOS Trader, Android Trader | MetaTrader5, iOS Trader, Android Trader | MetaTrader5, iOS Trader, Android Trader | MetaTrader5, iOS Trader, Android Trader | MetaTrader5, iOS Trader, Android Trader | MetaTrader5, iOS Trader, Android Trader |
Minimum deposit required | $10 (or equivalent) | $10 (or equivalent) | $10 ( or equivalent) | $10 (or equivalent) | $10 (or equivalent) | $10 (or equivalent) | $ 10 (or equivalent) | $10 (or equivalent) |
Available currencies per account | US Dollar, CHF, Pound Sterling, Euro, Japanese Yen | US Dollar, CHF, Pound Sterling, Euro, Japanese Yen | US Dollar, CHF, Pound Sterling, Euro, Japanese Yen | US Dollar, CHF, British Pound Sterling ,Euro, Japanese Yen | US Dollar, CHF, Pound Sterling, Euro, Japanese Yen | US Dollar, CHF, Pound Sterling, Euro, Japanese Yen | US Dollar, CHF, Pound Sterling, Euro, Japanese Yen | US Dollar, CHF, Pound Sterling, Euro, Japanese Yen |
Maximum leverage | 1:1000 (1:5 for crypto) | 1:1000 (1:5 for crypto) | 1:1000 (1:5 for crypto) | 1:1000 (1:5 for crypto) | 1:1000 (1:5 for crypto) | 1:1000 (1:5 for crypto) | 1:1000 (1:5 for crypto) | 1:1000 ( 1:5 for crypto) |
Execution type | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
Position accounting system | Hedging | Hedging | Hedging or netting | Hedging or netting | Hedging | Hedging | Hedging or netting | Hedging or netting |
Spread | Floating from 0 pips | Floating from 0.3 pips | Floating from 0 pips | Floating from 0.3 pips | Floating from 0.3 pips | Floating from 0 pips | Floating from 0 pips | Floating from 0.3 pips |
Requotes | None | None | None | None | None | None | None | None |
1 lot size (Forex) | 100 000 | 100 000 | 100 000 | 100 000 | 100 000 | 100 000 | 100 000 | 100 000 |
Stop Out | 30% | 30% | 30% | 30% | 30% | 30% | 30% | 30% |
Margin call | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% |
Available Contracts | Over 150 Forex, Metals, Commodities, Indices, Stocks, Cryptocurrencies | Over 150 Forex, Metals, Commodities, indices, stocks, cryptocurrencies | Over 60 Forex, metals, commodities, indices, stocks, cryptocurrencies | Over 60 Forex, metals, commodities, indices, stocks, cryptocurrencies | 40+ Forex, Metals | 40+ Forex, Metals | 40+ Forex, Metals | 40+ Forex, Metals |
Minimum order size (lots) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) |
Maximum order size (lots) | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Maximum number of open orders | 500 | 500 | 500 | 500 | 200 | 200 | 200 | 200 |
Total volume of open positions (lots) | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Expert Advisors | Available | Available | Available | Available | Available | Available | Available | Available |
Scalping | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Revenue discounts | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Islamic account | Yes | Yes | Yes | Yes | No | No | No | No |
It’s important to know that the maximum leverage available varies based on the instrument selected for investments and the capital deposited by the trader. To know in detail each offered leverage, simply visit the dedicated page on the official website.
Go to ForexChief’s Official Website
For more information, please inquire to xChief Official Website Official Website directly. In order to participate to the Promotion, you must have a xChief Account. If you haven't opened an account yet, please open one from here for Free.
xChief official website is here.
Please click "Introduction of xChief", if you want to know the details and the company information of xChief.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...