What is ForexChief’s Cashback Rebate?

ForexChief’s Cashback Rebate allows active traders to receive additional income in the form of weekly rewards for the perfect trading turnover.

The program works in automatic mode and does not require any actions in the Personal Account to activate this service.

At the end of each week, the weekly turnover is calculated and the corresponding bonus is credited to the trading account.

The distinctive advantages of the bonus program are: no hidden conditions, a progressive scale of rates, weekly payments, no MTP and no withdrawal restrictions.

ForexChief’s Cashback Rebate is available for the following account types: MT4.DirectFX, MT4.Classic +, MT5.DirectFX, MT5.Classic +, cent-MT4.DirectFX, cent-MT4.Classic +, cent-MT5.DirectFX, cent-MT5.Classic +.

ForexChief’s Cashback Rebate is credited to the trading account at the end of each week, after the close of trading.

The bonus amount is calculated based on the turnover in USD made during the settlement week: Monday 00:00:01 – Friday 23:59:59 (trading server time).

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How does ForexChief’s Cashback Rebate work?

For accounts on the MetaTrader 4 platform, the perfect turnover is calculated based on the orders closed in the billing period. At the same time, the trade turnover in USD for an order is equal to the total turnover for two deals: a deal to open an order and a deal to close an order.

For example, the BUY 1 lot EURUSD (1 lot = 100,000 EUR) order was opened at 1.3452 and closed at 1.3542. Trade turnover in USD for this order = (100,000 * 1.3452) + (100,000 * 1.3542) = 269,940 USD

For accounts on the MetaTrader 5 platform, the turnover is calculated based on the deals made in the settlement period.

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How much cashback rebate can you get?

The higher the trading volume per week, the higher the rate, on the basis of which the final bonus amount is calculated:

Trading turnover in USDSettlement rate
Up to 100,000,0003 USD for 1 million USD
100,000,000 to 500,000,0007 USD for 1 million USD
More than 500,000,00010 USD for 1 million USD

When calculating the trading turnover, closed orders for all instruments available for the selected account type are taken into account;
A trader can get detailed information about the estimated amount of each bonus by clicking on its number in the Personal Account;

ForexChief’s Cashback Rebate credited to the account can be withdrawn at any time without any restrictions.

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