What ForexChief is offering
ForexChief gives new clients a $100 no deposit bonus, so you can try live trading without putting your own money into the account first. The bonus is claimed through the ForexChief app once you have verified your identity.
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It is a useful way to test the broker’s conditions, but it is not instant money. There is a large turnover requirement before profits can leave the account, so it pays to understand the rules first.
Bonus registration link: $100 Forex No Deposit Bonus
Offer at a glance
| Term | Detail |
|---|---|
| Bonus amount | $100 |
| Deposit needed | None |
| Eligible accounts | MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+ (standard only) |
| Not eligible | Cent accounts |
| Where to claim | Inside the ForexChief app, after verification |
| Turnover before withdrawing profit | USD 10,000,000 |
| Duration | Unlimited |
| Strategies | Any strategy and trading robots allowed |
How to claim it
- Open a standard account of one of these types: MT4.DirectFX, MT4.Classic+, MT5.DirectFX or MT5.Classic+.
- Download the ForexChief app and finish the verification process there.
- In the app, go to the bonuses and credits section and pick the “No Deposit Bonus” option.
- Select the MT4 or MT5 standard account that should receive the money and confirm.
- The $100 is added automatically once verification is complete.
Only the account holder can request the bonus, and only from inside the app. You can also reach the bonus page here: ForexChief $100 no deposit bonus in the app.
Conditions and withdrawal rules
The bonus is for standard accounts only. Cent accounts cannot receive it, so choose your account type carefully at the start.
The key condition is turnover. Trading profit can be withdrawn only after the turnover on the account reaches USD 10,000,000. ForexChief counts the turnover of each order as the sum of two transactions: the one that opens the position and the one that closes it.
After that target is reached, the $100 can be withdrawn without further restrictions, according to the broker. Because the target is very high relative to the bonus, most traders should see this offer mainly as a risk-free way to test the platform.
Pros and cons
- Pro: no need to fund the account with your own money.
- Pro: quick verification and automatic crediting in the app.
- Pro: no time limit, and expert advisors are permitted.
- Con: the USD 10,000,000 turnover target is demanding.
- Con: cent accounts are excluded and the claim must be made in the app.
About the broker
According to the original article, ForexChief has been providing services for 9 years. ForexChief Ltd. (Company Number No14777) is described as licensed by the VFSC as a Dealer in Securities (Principal’s license) and as a member of the Financial Market Association. Check these details yourself on the regulator’s public register.
Things to check before you sign up
- Confirm on the official ForexChief website that the offer and its terms are still current.
- Work out how many trades you would need to reach the turnover target.
- Read the full bonus terms, including any rules on abuse or multiple accounts.
- Keep in mind that leveraged trading can lose money quickly, even when starting with a bonus.
Conclusion
The ForexChief $100 no deposit bonus is an easy way to explore live trading at no upfront cost. The catch is the large turnover requirement before profits can be taken out. Treat it as a test drive, and verify the latest terms with the broker before you start.
FAQ
Can I use a cent account for this bonus?
No. The bonus can only go to a standard MT4 or MT5 account of the listed types.
Where do I request the bonus?
Inside the ForexChief app, in the bonuses and credits section, after your verification is finished.
When can I withdraw profit?
Only after your account turnover reaches USD 10,000,000, counting both the opening and closing transaction of each order.
Are trading robots allowed?
Yes. The broker says any trading strategy and robots are welcome.
