To make the most of your trading experience, ForexChief (Forex Code: FOREX) has launched two attractive promotions: Turnover Rebates and Trading Credits. These promotions aim to provide greater returns and enhance net equity for active traders. Below is a detailed overview of these promotions.

Turnover Rebates: Rewarding Your Trading Activity

ForexChief's Turnover Rebates work similarly to cash-back services but are more automated and transparent. At the end of each trading week, the system automatically calculates your trading volume and credits the corresponding rebate directly to your trading account. This process is straightforward, requiring no additional actions from you to receive the rebates.

Key Features

• High Transparency: All terms and conditions are clearly outlined with no hidden clauses.
• Progressive Rebate Rates: The rebate percentage increases with your trading volume. The more you trade, the higher the rebate.
• Weekly Payments: Rebates are calculated and credited to your account every weekend.
• No Withdrawal Restrictions: Rebates can be withdrawn at any time without any limitations.

Eligible Account Types: ForexChief offers turnover rebates for various account types, including MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+, and cent accounts. The trading volume is calculated in USD and includes all opened and closed trades. Only closed orders count towards the trading volume.

Rebate Rate Examples

• Weekly trading volume up to $100 million: Rebate of $3 per million dollars traded.
• Weekly trading volume between $100 million and $500 million: Rebate increases to $7 per million dollars traded.
• Trading volume exceeding $500 million: Rebate rate escalates to $10 per million dollars traded.

Trading Credits: Enhancing Your Net Equity

Trading Credits are another innovative promotion that boosts your trading capacity. They are non-expiring and interest-free, effectively increasing the net equity of your forex trading account. To qualify for trading credits, you simply need to deposit funds into your account. The credit amount can be up to 70% of your deposit, significantly enhancing your trading potential.

How It Works: Suppose you deposit $1,000 and opt to receive 10% in trading credits. In this case, your account will be credited with $1,100, with $100 reflected in the “Credit” field. This boosts your trading capacity and potential profits.

Important Points:

• The total active trading credits across all accounts cannot exceed $20,000 or its equivalent in other currencies.
• Trading credits cannot be used in a “drawdown” situation. If your “Equity” equals or falls below the “Credit,” the trading credit will be automatically cancelled.
• Once trading credits are cancelled, all positions will be forcibly closed (stop-out).

ForexChief's Turnover Rebates and Trading Credits promotions provide attractive ways to enhance your trading profits. These features are designed specifically for traders like you to reward your activity and investment.

Frequently Asked Questions

1. What are Turnover Rebates?

Turnover Rebates are similar to cash-back services that allow active traders to earn additional income from their trading volume. The rebates are automatically calculated and credited to your trading account every weekend.

2. Which 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.

3. How is the trading volume for rebates calculated?

The trading volume is calculated in USD and includes all opened and closed trades. Only closed orders count towards the trading volume.

4. When are rebates credited, and can they be withdrawn?

Rebates are credited once a week, every weekend, and can be withdrawn at any time without any restrictions.

5. Are there any conditions that prevent the accumulation of Turnover Rebates?

Yes, if the MT account has an active no-deposit bonus, turnover rebates will not accumulate or be paid.

6. What are Trading Credits?

Trading Credits are non-expiring and interest-free funds that can be used as net equity in forex trading. They are received when you deposit your own funds into the account, up to 70% of the deposit amount.

7. Which account types can receive Trading Credits?

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

8. Is there a limit on the total amount of active Trading Credits?

Yes, the total amount of active trading credits across all accounts cannot exceed $20,000 or its equivalent in other currencies.

9. What happens if the “Equity” equals or falls below the “Credit”?

In such a case, the trading credit will be automatically cancelled, and all positions will be forcibly closed (stop-out).

10. How can I remove withdrawal restrictions related to active Trading Credits?

To remove withdrawal restrictions, you need to cancel the active trading credits. This can be done in the trading credit section of the personal area.