Trading credits from ForexChief

Published: 13.03.2022

Bonus amount: до 50%

Available: All clients

Trade credits are perpetual and interest-free, and can be used as a guarantee when making transactions. A prerequisite for obtaining a trade loan is to replenish the account with your own funds, while the loan amount can be up to 50% of the replenishment amount.

Terms of the Trading Credits program The

Program is available for the following account types: MT4.DirectFX, MT4.Classic+, cent-MT4.DirectFX, cent-MT4.Classic+ ;
A trading credit can be obtained for each replenishment, while at the time of the operation in the Personal Account, the client has the right to specify the amount of the trading credit: 10%, 20%, 30%, 40%, 50% from the deposit amount;

When replenishing the account with USD 1,000, the trader indicated 10% as a trading credit. In this case, an amount of USD 1,100 will be credited to the account, while USD 100 will be displayed in the Credit field.

The amount of active trading credits on all accounts of one client cannot exceed USD 10,000 (or the equivalent in another currency);
A trade loan cannot be used in a "drawdown" and will be automatically debited from the account if the amount of Funds is reduced to the Loan level. Thus, if the Funds become less than or equal to the Loan, active trading credits will be debited from the account, after which all positions will be forcibly closed automatically;

The trader replenished the account with USD 10,000 and received a trading credit in the amount of USD 1,000. If the amount of Funds drops to the level of USD 1,000 (the value from the Credit field), then all active trading credits (taken into account in the Credit field) will be automatically debited from the account and open positions will be forcibly closed.

If there are active trading credits on the account, the amount of funds available for withdrawal is calculated using the formula:
Available for withdrawal = Free Margin - Credit - The amount of deposits for which active loans have been received;

In order to remove restrictions on withdrawal of funds, the client has the right to cancel the credited trading credits at any time. To do this, it is necessary to cancel active credits in your Personal Account, as a result of which the corresponding amount is debited from the trading account;
The use of credits by the client when performing trading operations does not affect the amount of commission received by the partner for the trading turnover of the attracted client.

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