ForexChief Offers a USD 100 no-deposit bonus that can be claimed through its mobile application once a live trading account has been verified. For traders who want to test a live account without funding it from their own savings, the offer is worth understanding in detail. This article explains how the bonus is claimed, which account types qualify, what the conditions say about trading volume and withdrawals, and what to check on the broker's site before you start.
How the ForexChief USD 100 No-Deposit Bonus Works
The bonus is tied to verification. According to the offer details, the client must first install the ForexChief app, complete the verification process and open a qualifying account. Only after verification is completed successfully can the reward be claimed inside the app. The main points of the offer are summarised below.
- No deposit required: the trader does not need to fund the trading account with personal money to receive the bonus.
- Verification first: the bonus can only be claimed after the verification process has been completed successfully.
- Credit in the app: according to the offer, USD 100 is added to the app after authentication is finished.
- Open trading styles: the offer states that all trading methods and automated systems are accepted.
- No stated expiry: the offer material says the bonus has no expiration date.
A bonus like this is easiest to understand as a credit that becomes useful only when specific trading and withdrawal conditions are met. Those conditions matter more than the headline amount, and they are covered in the sections below.
Step-by-Step: How to Claim the ForexChief Bonus
The claim process is short, but the order of the steps matters. Following them in sequence avoids the most common problem, which is trying to claim before verification is finished.
- Download the ForexChief app to your device and create your client profile.
- Complete verification in the app. The bonus cannot be claimed until this step is successfully finished.
- Open a qualifying account from the eligible MT4 or MT5 list (see the table below). Cent accounts do not qualify.
- Locate the bonus section in the app. The offer material refers to a part of the page labelled "No Deposit Forex Bonus and Credits".
- Select "No Deposit Bonus", then choose the MT4 or MT5 standard account you want to use and continue.
- Check the credit once authentication is complete. The offer states that USD 100 will be added automatically.
Keep screenshots of each step and of your account confirmation. If the credit does not appear as described, contact ForexChief support with those records.
Eligible Accounts: What Qualifies and What Does Not
Eligibility depends on the account type, so check it before opening anything. The offer lists four standard account types and excludes cent accounts.
| Account type | Eligible for the USD 100 bonus? |
|---|---|
| MT4.DirectFX | Yes |
| MT4.Classic+ | Yes |
| MT5.DirectFX | Yes |
| MT5.Classic+ | Yes |
| Cent accounts (any platform) | No. The bonus can only be credited to a standard account. |
If you already hold a cent account, opening a standard account from the list above is required. Do not assume an existing account will be converted automatically.
Conditions to Check Before You Claim the Bonus
Every bonus has terms and conditions, and the USD 100 offer is no exception. Read the full terms on the broker's website before you claim. The points below are the ones the offer material highlights.
Changeover and Withdrawal Rules
The offer states that after the required changeover is completed, it is possible to withdraw up to USD 100. The same material also says that profit from an account can be withdrawn once the cumulative trading total on that account reaches USD 10,000,000. These two statements describe different withdrawal points, so you should confirm on the broker's site exactly how they interact before relying on either one.
How Trading Turnover Is Counted
Trading turnover is the running total used to measure activity on an account. According to the offer, the turnover of each order in USD is the combined sum of two transactions: one for opening the order and one for closing it. This means a single round-trip trade counts twice, and high-volume strategies will reach volume thresholds faster than low-volume ones.
Trading Methods and Automated Systems
The offer material states that all trading methods and automated systems are accepted. Even so, check whether any restriction applies to specific strategies, such as scalping or expert advisors, in the full terms. A permitted method in the summary does not always mean every trading style is treated the same way in practice.
About ForexChief: Background and Regulation
ForexChief was established in 2014, according to the broker's information. The broker states that ForexChief Ltd. (Company Number No14777) is licensed by the VFSC as a Dealer in Securities (Principal's license) and is a member of the Financial Market Association. Regulatory status can change, so verify the licence and company details on the regulator's own register before depositing or claiming any offer. Do not rely on a broker's summary alone.
If you are comparing brokers before deciding, our forex brokers review section covers broader criteria such as regulation, platforms and account types. For more context on how no-deposit offers work in general, see our guide to forex no deposit bonus offers and our list of the best no deposit bonus options.
Key Takeaways
- ForexChief Offers a USD 100 no-deposit bonus, claimable in the app after successful verification.
- Only standard MT4 and MT5 accounts qualify (DirectFX and Classic+ types). Cent accounts are excluded.
- Turnover counts both the opening and closing of each order, so volume builds quickly.
- Withdrawal rules involve both a changeover requirement and a USD 10,000,000 cumulative threshold. Confirm both on the broker's site.
- Verify the regulatory details independently before you open an account.
A no-deposit bonus can be a low-cost way to experience a live account, but it is not free money. Trading involves risk, and you can lose money, including the bonus credit, if your trades move against you. Only trade with funds you can afford to lose, and read the full terms and conditions on the ForexChief website before you claim.
FAQ
Do I need to deposit money to get the ForexChief USD 100 bonus?
No. The offer is described as a no-deposit bonus, so the trader does not need to fund the account with personal money. The bonus can only be claimed after verification is completed successfully.
Which accounts can use the USD 100 bonus?
The offer lists MT4.DirectFX, MT4.Classic+, MT5.DirectFX and MT5.Classic+ accounts. Cent accounts cannot be used, as the bonus can only be credited to a standard account.
How do I claim the bonus in the app?
After installing the app and completing verification, go to the section labelled "No Deposit Forex Bonus and Credits", select "No Deposit Bonus", then choose your MT4 or MT5 standard account and continue.
Does the bonus expire?
The offer material states that the bonus has no expiration date. Confirm this in the full terms on the broker's website, as conditions can be updated.
How is trading turnover calculated for this bonus?
According to the offer, the turnover of each order in USD is the combined sum of the transaction used to open the order and the transaction used to close it.