The xChief Ltd 100% Forex Withdraw-able Welcome Bonus Offer matches your first deposit with a bonus of up to $500, and the bonus can be withdrawn once you meet a required trading turnover. For traders who want more capital to work with, that structure is worth understanding in detail before you claim it. This guide explains what the offer includes, how to claim it, the account types it applies to, and the turnover and withdrawal rules that determine when you can access your money.
xChief also promotes a separate $100 no-deposit bonus through its direct promotional link. That offer has its own conditions and is not covered here. If you are comparing bonus types in general, our forex no deposit bonus and deposit bonus pages explain how the two models differ.
What the Welcome Bonus Offers
The welcome bonus is equal to 100% of your deposit, up to a maximum of $500 or its equivalent in your account currency. A $200 deposit, for example, would receive a $200 bonus, giving you $400 of trading capital. The promotion is described as valid for an unlimited duration, though you should confirm the current wording on the xChief website before depositing.
The main features described in the promotion are:
- Bonus size: 100% of the deposit, capped at $500 (or the equivalent in your account currency).
- Withdrawable bonus: Unlike many promotions, the bonus can be withdrawn once the turnover requirement is met, together with any profits.
- Strategy flexibility: The promotion states that trading robots and a range of strategies, including scalping and arbitrage, can be used. Check the full terms for any limits on specific trading styles.
- Fast onboarding: The promotion highlights a straightforward verification process, though verification timing depends on the documents you provide.
How to Claim the Welcome Bonus
Claiming the bonus depends on selecting the right option during your first deposit. The bonus is not applied automatically to any deposit; you must choose it at the time you fund your account. The steps are:
- Register and open an eligible account. Sign up with xChief Ltd and open one of the account types listed in the terms (Classic+, DirectFX or xPRIME).
- Select "Enroll Welcome Bonus" on the replenishment form. This must be done with your initial deposit. The minimum deposit to qualify is $50.
- Confirm the credit. After the deposit is processed, check your account to verify the bonus has been credited and that the amount matches 100% of your deposit, within the $500 cap.
- Meet the turnover, then withdraw. Once the required turnover is reached, you can withdraw the bonus and profits, subject to the withdrawal rules explained below.
Eligibility and Key Terms
The terms set out several conditions that determine whether you qualify and when you can withdraw. Read these carefully:
| Term | What the promotion states |
|---|---|
| Eligible accounts | Classic+, DirectFX or xPRIME |
| Minimum deposit | $50 |
| Bonus amount | 100% of deposit, up to $500 or equivalent |
| Required turnover | Welcome Bonus in USD × 50,000 |
| Profit withdrawal | Profits can be withdrawn at any time, subject to the withdrawal restriction below |
How the Turnover Requirement Works
Turnover is the total value of all deals used to open and close positions. The required turnover is calculated as the bonus in USD multiplied by 50,000. This is the most important number to understand before you claim, because it can be very large relative to the bonus itself.
For example, a $200 bonus requires $10,000,000 in turnover (200 × 50,000). According to the promotion, this equals 44 lots of EURUSD in MetaTrader. A $500 bonus, the maximum, would require $25,000,000 (500 × 50,000).
Turnover is calculated on both the opening and closing legs of each trade, using the notional value of the position. Three examples from the terms illustrate the method:
- 1 lot EURUSD (opened at 1.1257, closed at 1.1283): (100,000 × 1.1257) + (100,000 × 1.1283) = 225,400 USD.
- 5 lots USDJPY (opened at 109.806, closed at 109.352): (500,000 × 1) + (500,000 × 1) = 1,000,000 USD. The USD base currency means each leg is counted at 1 per unit.
- 3.5 lots GBPUSD (opened at 1.2978, closed at 1.2985): (350,000 × 1.2978) + (350,000 × 1.2985) = 908,705 USD.
Because a single round-turn trade generates a relatively small turnover, reaching the requirement typically means a high volume of trading over time. Plan your position sizes and holding periods with that in mind.
Drawdown and Stop Out Rules
The bonus cannot be used in a drawdown situation. If your equity falls to or below the credit amount, the Welcome Bonus is automatically canceled and all open positions are forcibly closed (stop out). Using the terms' own example, a trader who deposits $500 and receives a $500 bonus would trigger cancellation if equity drops to $500.
Withdrawal Restrictions While the Bonus Is Active
While a bonus is active, the amount you can withdraw is limited. The terms calculate it as:
Available for withdrawal = Free Margin − Welcome Bonus − Deposit amount for which the Welcome Bonus was given
You can remove this restriction by canceling the Welcome Bonus in your Personal Area. Only the bonus amount is deducted in that case, and you regain full control over your remaining funds. Cancelling forfeits the bonus, so weigh this against your trading plan before doing it.
Practical Tips Before You Claim
- Calculate your required turnover before depositing, using the bonus amount × 50,000.
- Check your Personal Area regularly for the required and current turnover figures.
- Keep a buffer of free margin well above the bonus amount to avoid a stop out.
- Confirm the current terms on the xChief website, since promotions can change.
- Compare with other offers on our forex brokers review page before choosing a broker.
Conclusion and Key Takeaways
The xChief Ltd 100% Forex Withdraw-able Welcome Bonus Offer can add up to $500 to your trading capital and allows the bonus to be withdrawn once the turnover requirement is met. The most important points to remember are the 50,000× turnover multiplier, the $50 minimum deposit, the need to select the bonus option at deposit, the drawdown cancellation rule, and the withdrawal limit while the bonus is active.
Bonuses always come with terms and conditions, including trading volume and withdrawal rules. Read the full terms on the xChief website before claiming, and make sure you understand how they apply to your trading style. Trading leveraged products involves a high level of risk, and you should only trade with funds you can afford to lose.
FAQ
What is the xChief Ltd Forex Withdraw-able Welcome Bonus?
It is a welcome bonus equal to 100% of your first deposit, up to $500 or its equivalent. The bonus can be withdrawn after you meet the required trading turnover.
What is the minimum deposit to qualify?
The minimum deposit listed in the terms is $50. You must select "Enroll Welcome Bonus" on the replenishment form during that initial deposit.
How much trading turnover is required?
The required turnover is the bonus amount in USD multiplied by 50,000. For example, a $200 bonus requires $10,000,000 in turnover.
Can I withdraw profits while the bonus is active?
Profits can be withdrawn at any time under the terms, but while a bonus is active, withdrawals are limited by the formula of free margin minus the bonus and the related deposit. Canceling the bonus in your Personal Area removes that restriction.
What happens if my equity falls to the bonus amount?
If equity falls to or below the credit amount, the bonus is automatically canceled and all open positions are forcibly closed (stop out).
Which account types are eligible?
The promotion applies to Classic+, DirectFX and xPRIME accounts. Confirm eligibility on the xChief website before depositing.