ForexChief Turnover Rebates work like a Cashback service and allow active traders to earn additional income for the trading turnover made.
It works automatically and you don’t need to do anything to get them. Each weekend the trading turnover you’ve made during the week is calculated and the appropriate reward is credited to the trading account.
Distinctive advantages of rebates from ForexChief are the lack of secret terms and conditions, progressive scale of the rates, weekly payments, lack of MTP, and no restrictions for withdrawal.
December 31, 2023
All Active Traders
- The amount rebate is paid once a week at the weekends after the trading session closed. It is calculated based on the trading turnover made during the week: Monday 00:00:01 – Friday 23:59:59 (server time).
- Turnover Rebates are 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+.
- The higher the weekly trading turnover, the higher the rate for calculating the rebate amount:
|Trading turnover, USD||Rate for calculation|
|Up to 100,000,000||3 USD per 1 million USD|
|100,000,000 to 500,000,000||7 USD per 1 million USD|
|Over 500,000,000||10 USD per 1 million USD|
How to calculate trading turnover:
- The trading turnover is calculated in USD and includes every deal of position opening and position closing
Example for MT4 account:
- BUY 1 lot EURUSD (1 lot = 100 000 EUR) position was opened at a price of 1.3452 and then closed at 1.3542. Trading volume in USD = (100 000 * 1.3452) + (100 000 * 1.3542) = 269 940 USD
- Only closed orders will be added to the trading turnover.
Example for MT5 account:
- BUY 1 lot EURUSD (1 lot = 100 000 EUR) position was opened at a price of 1.3452 and wasn’t closed. Trading volume in USD = (100 000 * 1.3452) = 134 520 USD
- Every single deal of position opening and position closing will be added to the trading turnover.
How to get Turnover Rebates:
- You can get detailed information related to the Rebate calculation by clicking on its ID in the Personal Area.
- Rebates credited to the trading account can be withdrawn at any time without restrictions.
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- For more discussion and information, please feel free to contact us below:
– Skype: fxvnpro
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Bonus Terms and Conditions:
- General Terms and Conditions apply.
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