XChief Offers $100 No-Deposit Bonus for New Verified Clients

XChief, an online trading broker, has launched a no-deposit bonus promotion that provides new clients with a $100 trading bonus without requiring an initial deposit. The promotion is intended to allow users to test the platforms services and trading conditions before committing their own funds.

To claim the $100 bonus, eligible users must complete several steps:

1. Register and open a trading account.
2. Complete the full account verification process.
3. Install the XChief mobile application.
4. Claim the bonus from the “Bonuses and Credits” section within the app.

The offer is limited to two specific account types: MT4.DirectFX and MT4.Classic+. The bonus is available only once per client and only through the mobile application, after successful verification.

The $100 credited to the account can be used for trading but is subject to withdrawal conditions. To withdraw the bonus, the account must reach a trading turnover of 30 lots, calculated only on specific instruments, including major and minor Forex pairs, as well as gold (XAUUSD) and silver (XAGUSD). Only trades that meet specified minimum duration and price movement criteria are counted. These conditions are detailed in the brokers contract specifications.

Once the 30-lot requirement is met, the trader can withdraw up to $100. Any profits exceeding this amount will be removed when the withdrawal is made. For example, if an account reaches a $250 balance after fulfilling the trading volume, only $100 can be withdrawn, and the remaining $150 will be deducted.

Accounts with an active No-Deposit Bonus function as standard trading accounts and can be funded at any time. However, while the turnover requirement is still pending, withdrawals are limited to the trader's own deposited funds. The No-Deposit Bonus expires after 30 days, and both the bonus and any related profits will be cancelled if the required turnover is not met within this period.

The promotion is not available in certain countries, including but not limited to Algeria, Bangladesh, Indonesia, Kenya, South Africa, and Vietnam. A complete list of restricted regions is provided in the official terms. Additionally, the offer is limited to one use per household. Attempts to claim the bonus through multiple accounts or coordinated activity may result in cancellation of the bonus and closure of the account.

Referral partners with Silver-level status or higher may offer a No-Deposit Bonus of up to $500 to clients in any country, including those where the standard promotion is restricted. This requires coordination with an assigned personal manager.

XChiefs terms prohibit strategies deemed as “bonus hunting,” including hedging or other practices aimed solely at meeting turnover conditions. The broker reserves the right to revoke the bonus and any associated profits without prior notice if such activity is detected.

As with any promotional offer, traders are advised to carefully review all terms and conditions. While bonus programs can serve as a way to explore trading platforms, they often involve detailed rules and limitations.

Before investing, traders should:

• Verify the broker's licensing and regulatory standing in its operating jurisdiction
• Review independent broker ratings and user feedback
• Carefully read all terms related to promotions and bonus offers
• Consult financial professionals if uncertain about any offer or broker

Being cautious and informed is the best way to protect one's investment and avoid potential pitfalls in the forex and online trading markets.

Conducting due diligence before investing is crucial, and independent verification tools such as WikiFX can be instrumental in assessing the legitimacy of brokers and investment firms. The WikiFX mobile application, available on Google Play and the App Store, provides comprehensive insights into brokers' regulatory status, customer reviews, and safety ratings. By leveraging such resources, investors can make informed decisions and avoid the financial devastation caused by fraudulent schemes.