XChief $500 Welcome Bonus

Overview of the Welcome Bonus

XChief provides a **100% matching deposit bonus** of up to **USD 500** on your first qualifying deposit. The bonus is automatically credited when you check “Enroll Welcome Bonus” on the deposit page.

According to ReviewBrokers, profits from trades using the bonus are withdrawable without limitations once conditions are met. The bonus itself becomes withdrawable after reaching the required trading turnover.

How to Claim & Activate

1. Register and open a trading account (Standard / permissible account types).
2. Complete verification / KYC as required by the broker.
3. Make your first deposit and during the deposit process, **check “Enroll Welcome Bonus”** so the bonus is credited. (Minimum deposit requirement applies.)
4. Receive bonus automatically — the bonus amount is added to your credit. After that, trade and satisfy turnover requirement for full benefit.

Eligibility & Account Types

• The Welcome Bonus is offered to **new clients** depositing for the first time.
• Eligible account types include **Classic+, DirectFX**, or **xPRIME** accounts.
• The first deposit must meet a **minimum amount** (often $50 or equivalent) to be eligible
• Bonus is credited only once, and the amount cannot exceed USD 500 (or equivalent).

Key Terms & Turnover Requirement

• The bonus is initially **non-withdrawable**; profits can be withdrawn if conditions are met.
• Bonus becomes withdrawable only after achieving **Required Turnover = Bonus in USD × 50,000**
• Trading turnover counts both opening and closing legs of all trades. The sum of all turnover across positions is considered.
• If equity falls to or below the bonus credit level (i.e. bonus “drawdown” threshold), the bonus may be canceled and positions forcibly closed.
• With an active Welcome Bonus, withdrawal availability is limited:

  Available withdrawal = Free Margin – Welcome Bonus – deposit amount for which bonus was given.

• You can cancel (opt out) the Welcome Bonus in your account area; then the withdrawal restrictions are removed (bonus amount deducted).

Worked Examples

• Example 1: Deposit $200, receive $200 bonus → Required Turnover = 200 × 50,000 = $10,000,000 (in USD turnover) → You trade until turnover is met, then withdraw bonus & profits.
• Example 2: Deposit $500, receive $500 bonus (maximum) → required turnover = 500 × 50,000 = $25,000,000 → once done, bonus + profits withdrawable.

Pros & Considerations

Pros

• Automatically credited bonus on first deposit — no manual claim.
• Profits are withdrawable (if conditions are met).
• Unlimited duration — no expiry listed in the promo page.

Considerations

• Turnover requirement is extremely high (Bonus × 50,000).
• Bonus can be canceled in drawdown situations — you risk losing positions if equity drops.
• Withdrawal restrictions while bonus is active limit access to funds.
• You must choose “Enroll Welcome Bonus” during first deposit, or you won’t receive it.

FAQ

Is this bonus available for deposit > $500?

No — the maximum matching bonus is capped at **USD 500**.

Can I withdraw profits before meeting turnover?

Yes — profits from your trades may be withdrawable already (depending on margin), but the **bonus itself** cannot be withdrawn until turnover requirement is satisfied.

What happens if I lose positions and drop equity below bonus?

In such a “drawdown scenario,” the bonus may be canceled and positions forcibly closed.

Can I cancel the bonus?

Yes — you may cancel it in your account’s Personal Area; doing so removes the withdrawal restrictions (bonus amount is deducted).

Disclaimer

Trading leveraged instruments carries significant risk of capital loss. This article is for informational purposes only and not financial advice. Bonus conditions, availability, and terms can change at any time; always consult XChief’s official “Welcome Bonus” page and latest terms before participating.

References

• XChief – Welcome Bonus up to $500 (official)