ForexChief’s Turnover Rebates and Trading Credits

Do you want to make the most of your trading experience? Are you an active trader searching for ways to boost your income? If so, ForexChief brings you two fantastic promotions to help you achieve just that. With Turnover Rebates and Trading Credits, trading becomes a more rewarding experience. Let’s explore into the details!

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Turnover Rebates – Rewarding Your Trading Activity

ForexChief’s Turnover Rebates operate much like a cashback service, designed to reward active traders for their trading turnover. What sets this apart is its automatic operation. At the end of each week, the system calculates the trading turnover you’ve generated. Then, the appropriate reward is credited directly to your trading account. There’s nothing you need to do to claim them, making it a simple and straightforward process.

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The standout features of ForexChief’s rebates are:

Transparency:

No hidden or secret terms and conditions to catch you out. Everything is laid out clearly for your understanding.

Progressive Rates:

The rebate rate scales up progressively. The more you trade, the more you earn back!

Weekly Payments:

Enjoy weekly payments. At the end of each trading week, the rebates are calculated and credited.

Unrestricted Withdrawals:

You can withdraw the rebates credited to your trading account at any time. There are absolutely no restrictions.

The rebates are available for numerous account types including MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+, and cent-accounts. The trading turnover is calculated in USD and includes every deal of position opening and closing. Only closed orders contribute to the trading turnover.

What’s exciting is that the more active you are, the higher the rebate rate. For instance, a weekly trading turnover of up to 100 million USD will get you a rebate of 3 USD per 1 million USD. For turnovers between 100 million and 500 million USD, the rate is 7 USD per 1 million USD. For turnovers exceeding 500 million USD, the rate climbs to an impressive 10 USD per 1 million USD.

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Trading Credits – A Boost to Your Equity

Trading Credits are an innovative way to enhance your trading power. They are termless and interest-free, effectively serving as Equity for forex trading. The only requirement to qualify for a trading credit is an account replenishment with your own funds. The credit amount could be up to 70% of your deposit, boosting your trading potential significantly.

Here’s how it works: Say you make a deposit of 1000 USD and choose to receive 10% as a trading credit. In this scenario, your account will be credited with 1100 USD, with 100 USD reflected in the Credit field. This increases your trading power and potential profits.

There are a few key points to remember:

• The sum of active trading credits across all your accounts cannot exceed 20,000 USD (or the equivalent in another currency).
• Trading credits cannot be used in a ‘drawdown’ situation. If ‘Equity’ becomes equal or less than ‘Credit’, the trading credit will be automatically canceled.
• Once a trading credit is canceled, all positions are forcibly closed (Stop Out).

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Supercharge Your Trading with ForexChief’s Promotions

ForexChief’s Turnover Rebates and Trading Credits promotions offer exciting ways to augment your trading earnings. These features are designed with you, the trader, in mind. They aim to enhance your trading journey, rewarding your activity and investment.

So why wait? Take your trading to the next level with ForexChief’s exclusive promotions!

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FAQs to summarze the content

What are Turnover Rebates?

Turnover Rebates work like a cashback service, allowing active traders to earn additional income for the trading turnover made. They are automatically calculated and credited to your trading account each weekend.

What account types are eligible for Turnover Rebates?

Turnover Rebates are available for MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+, cent-MT4.DirectFX, cent-MT4.Classic+, cent-MT5.DirectFX, and cent-MT5.Classic+ account types.

How is the trading turnover calculated for the rebates?

The trading turnover is calculated in USD and includes every deal of position opening and position closing.

When are the rebates credited and can they be withdrawn?

The rebates are credited once a week at the weekends and can be withdrawn at any time without any restrictions.

Are there any conditions that prevent the accrual of Turnover Rebates?

Yes, if an MT account has an active No Deposit Bonus, then Turnover Rebates are not accrued or paid.

What are Trading Credits?

Trading credits are termless and interest-free funds that can be used as Equity for forex trading. They are received upon account replenishment with your own funds, up to 70% of the deposit.

Which account types can receive Trading Credits?

Trading Credits are available for Classic+, DirectFX, and xPRIME account types.

Is there a limit to the total amount of active Trading Credits?

Yes, the sum of active trading credits across all accounts of one client cannot exceed 20,000 USD (or equivalent in another currency).

What happens if ‘Equity’ becomes equal to or less than ‘Credit’?

In such a situation, the trading credit will be automatically canceled, and all positions are forcibly closed (Stop Out).

How can I remove the withdrawal restriction linked to active Trading Credits?

To remove the withdrawal restriction, you need to cancel active trading credits. This can be done in the Trading credits section of the Personal Area.