ForexChief $100 Free Sign-up Bonus plus $500 Deposit Bonus

The Ultimate Guide to Forex Bonuses Unlocking the Power of Sign-up and Deposit Bonuses

Are you a trader looking to maximize your potential profits in the Forex market? If so, you're in luck! In this comprehensive guide, we will explore the world of Forex bonuses and how they can supercharge your trading experience.

Direct Promotional Link $100 Sign-up Bonus plus $500 Welcome Bonus

Specifically, we will delve into the enticing offers of ForexChief, including their $100 Forex Free Sign-up Bonus and the lucrative Forex Welcome Bonus of up to $500. By the end of this guide, you will have a clear understanding of how to leverage these bonuses to your advantage and take your trading to new heights.

What is a Forex Bonus?

Before we dive into the specifics of ForexChief's bonuses, it's important to understand what a Forex bonus is and how it works. In simple terms, a Forex bonus is a promotional offer provided by Forex brokers to attract new traders and incentivize existing ones. These bonuses come in various forms, such as sign-up bonuses, deposit bonuses, no-deposit bonuses, and more. They provide traders with additional funds to trade with, boosting their trading capital and potentially increasing their profits.

ForexChief's $100 Forex Free Sign-up Bonus

One of the most enticing offers from ForexChief is their $100 Forex Free Sign-up Bonus. This bonus is designed to give new traders a head start in their trading journey without the need to make an initial deposit. Here's everything you need to know about this exciting opportunity:

No-Deposit Bonus Advantages

1. Start trading without using your own funds: With the $100 Forex Free Sign-up Bonus, you can immediately start trading without risking your own money.
2. Quick verification process to receive the bonus: ForexChief has streamlined the verification process to ensure that you receive the bonus swiftly and hassle-free.
3. Automatic credit of $100: Once your account verification is successfully completed, the $100 bonus will be automatically credited to your account within the intuitive xChief mobile application.
4. No time limit: Unlike many other bonuses, there is no time limit to use your bonus credit. You can utilize it at your leisure and implement your chosen trading strategy.
5. Withdraw $100 with no restrictions: After meeting the required turnover, you can withdraw the $100 bonus without any restrictions, allowing you to enjoy the fruits of your trading success.
6. Embrace any trading strategies and robots: ForexChief welcomes all trading strategies and allows the use of trading robots, providing you with the freedom to explore different approaches in the Forex market.

How to Claim Your Bonus

Claiming the $100 Forex Free Sign-up Bonus is a straightforward process. Follow these simple steps to get started:

1. Sign up and open a trading account with ForexChief.
2. Complete the verification procedure, ensuring that all necessary documentation is submitted.
3. Install the xChief mobile application to receive the bonus automatically.
4. Fulfill the required trading turnover, and once achieved, you can withdraw the $100 bonus.

Terms and Conditions

To ensure a fair and transparent trading environment, ForexChiefhas outlined certain terms and conditions for the $100 Forex Free Sign-up Bonus. Here's what you need to know:

1. Eligible account types: The $100 bonus is available for the DirectFX and Classic+ account types.
2. Verification procedure: The xChief app must be installed, and the verification process must be successfully completed to claim the No-Deposit Bonus.
3. Bonus claim process: Within the xChief mobile application, navigate to the "Bonuses and Credits" section and select the "No-Deposit Bonus" option. Choose the appropriate account to receive the bonus.
4. Required turnover: To withdraw the $100 bonus, the trading turnover on the account must reach USD 10,000,000. The trading turnover is calculated as the total turnover amount of two transactions: the opening and closing of an order.

Examples:

Let's delve into a few examples to understand the turnover calculation:

1. BUY 1 lot of EURUSD (1 lot = 100,000 EUR) order opened at a price of 1.1257 and closed at 1.1283. The trading turnover for this order would be (100,000 * 1.1257) + (100,000 * 1.1283) = 225,400 USD.

2. SELL 5 lots of USDJPY (1 lot = 100,000 USD) order opened at a price of 109.806 and closed at 109.352. The trading turnover for this order would be (500,000 * 1) + (500,000 * 1) = 1,000,000 USD.

3. BUY 3.5 lots of GBPUSD (1 lot = 100,000 GBP) order opened at a price of 1.2978 and closed at 1.2985. The trading turnover for this order would be (350,000 * 1.2978) + (350,000 * 1.2985) = 908,705 USD.

4. Maximum withdrawal amount: After meeting the turnover conditions, the maximum withdrawal amount for the $100 bonus is $100. However, when making the first withdrawal, the entire profit will be debited from the account.

Examples:

Let's consider a scenario where the trading turnover exceeds $10,000,000:

A trader closes 42 lots of EURUSD, resulting in a trading turnover that exceeds 10,000,000 USD. Simultaneously, the account balance becomes USD 250. In this case, the trader will only be able to withdraw $100, as the remaining $150 will be removed from the account.

1. MT account functionality: An MT account with an active No-Deposit Bonus functions as a standard trading account and can be replenished without restrictions. However, during the active bonus period, only withdrawals from your own funds are permitted.

2. Welcome Bonus eligibility: Claiming the No-Deposit Bonus does not restrict you from claiming the $500 Welcome Bonus. However, the Welcome Bonus must be claimed through a separate trading account.

3. Restricted countries: 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, and Uzbekistan.

4. Bonus abuse: It is strictly prohibited to claim the No-Deposit Bonus again using a new registration. Furthermore, if a relative or close person has already received the bonus, claiming it again is not allowed. However, please note that ForexChief reserves the right to cancel the bonus and any associated profits without stating a reason.

With a clear understanding of the $100 Forex Free Sign-up Bonus, let's now explore the enticing Forex Welcome Bonus of up to $500 from ForexChief.

ForexChief's Forex Welcome Bonus up to $500

ForexChief offers a generous Welcome Bonus of up to $500, providing traders with a significant boost to their trading capital. Let's dive into the details of this bonus and how you can benefit from it:

Welcome Bonus Advantages

1. Swift verification process: ForexChief ensures a quick and seamless verification process, allowing you to access the Welcome Bonus promptly.
2. Automatic bonus credit: Upon making your initial deposit, the Welcome Bonus will be automatically credited to your account. No additional steps are required.
3. Up to $500 bonus: Depending on your deposit amount, you can receive a Welcome Bonus equal to 100% of your initial deposit, up to a maximum of $500.
4. Withdrawable bonus and profits: Once you achieve the required trading turnover, you can withdraw both the Welcome Bonus and any profits you have made without limitations.
5. Trade with freedom: The Forex Welcome Bonus allows you to utilize trading robots and implement various trading strategies, including scalping and arbitrage.

How to Get the Welcome Bonus

Getting started with the Forex Welcome Bonus is a simple process. Follow these steps to unlock this lucrative offer:

1. Sign up and open a standard trading account with ForexChief.
2. During the deposit process, select the "Enroll Welcome Bonus" option on the replenishment form.
3. Complete the deposit operation, ensuring that the bonus is credited to your account.
4. Trade with confidence, knowing that you can withdraw profits and the bonus after achieving the required turnover.

Terms and Conditions

To ensure fair and transparent trading practices, ForexChief has established certain terms and conditions for the Forex Welcome Bonus. Here are the key details:

1. Eligible account types: The Welcome Bonus is available for the Classic+, DirectFX, and xPRIME account types.
2. Bonus claim process: To claim the Welcome Bonus, you must select the "Enroll Welcome Bonus" option during the initial deposit process. The minimum deposit required to be eligible for the bonus is $50.
3. Bonus amount and limits: The Welcome Bonus is equal to 100% of the deposit sum, up to a maximum of $500 or its equivalent in the account currency.
4. Required turnover: While profits can be withdrawn at any time, the Welcome Bonus can only be withdrawn after meeting the required trading turnover. The turnover is calculated using the formula: Required Turnover = Welcome Bonus in USD * 50,000.

Example:

Suppose a trader deposits $200 and receives a Welcome Bonus of $200. The required turnover would be $10,000,000 (200 * 50,000), equivalent to 44 lots of EURUSD in MetaTrader.

1. Trading turnover calculation: The trading turnover is calculated as the total turnover of all deals for opening and closing positions.

Examples:

Let's explore a few examples to illustrate the turnover calculation:

1. BUY 1 lot of EURUSD (1 lot = 100,000 EUR) position opened at a price of 1.1257 and closed at 1.1283. The trading turnover for this order would be (100,000 * 1.1257) + (100,000 * 1.1283) = 225,400 USD.

2. SELL 5 lots of USDJPY (1 lot = 100,000 USD) position opened at a price of 109.806 and closed at 109.352. The trading turnover for this order would be (500,000 * 1) + (500,000 * 1) = 1,000,000 USD.

3. BUY 3.5 lots of GBPUSD (1 lot = 100,000 GBP) position opened at a price of 1.2978 and closed at 1.2985. The trading turnover for this order would be (350,000 * 1.2978) + (350,000 * 1.2985) = 908,705 USD.

4. Bonus cancellation in "drawdown" situations: The Welcome Bonus 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:

Suppose a trader deposits $500 and receives a Welcome Bonus of $500. If the equity drops to $500 (the value in the credit field), the Welcome Bonus will be canceled automatically, and all positions will be forcibly closed (stop out).

1. Withdrawal restrictions: If there is an active Welcome Bonus on the account, the funds available for withdrawal will be limited. This is calculated using the formula: Available for withdrawal = Free Margin - Welcome Bonus - Deposit amount for which Welcome Bonus has been given.

2. Cancelling the Welcome Bonus: To remove withdrawal restrictions, you can cancel the Welcome Bonus in the Personal Area at any time. In this case, only the bonus amount will be deducted.

3. Detailed information: You can find detailed information about the Welcome Bonus, including the required and current turnover, in the Personal Area.

With the knowledge of both the $100 Forex Free Sign-up Bonus and the Forex Welcome Bonus up to $500, you're well-equipped to make informed decisions and maximize your trading potential with ForexChief.

Conclusion

In conclusion, Forex bonuses, such as the $100 Forex Free Sign-up Bonus and the Forex Welcome Bonus up to $500 from ForexChief, present an excellent opportunity for traders to enhance their trading experience. These bonuses provide additional funds, increase trading capital, and allow traders to explore different strategies with ease. By understanding the terms and conditions associated with these bonuses, you can make the most of your trading journey and optimize your potential profits. Sign up with ForexChief today, claim your bonuses, and embark on a rewarding trading adventure!