Insurance Program Advantages:
1.
Withdraw your profits at any time, without restrictions.
2.
In case you lose your account, 30% of your initial deposit will be credited to your account.
3.
The insurance comes with a drawdown possibility and can be withdrawn without restrictions after meeting the required trading turnover. Also, its profit can be withdrawn at any time.
4.
The Insurance Program has no time limit, allowing you to take advantage of its benefits indefinitely.
5.
All trading strategies and robots are accepted.
How to enable the Insurance program?
Sign up and open a DirectFX or xPRIME account.
Complete the verification process.
Fund your Trading Account with a minimum of $2000.
Request the activation of 30% Insurance plan through a Ticket or your Account Manager.
Terms and Conditions
- Insurance is available only for the following account types: DirectFX or xPRIME;
- In order to activate the "Insurance 30%" plan, your account’s eligibility must be verified by xChief;
- A minimum deposit of $2000 must be made to be eligible for the "Insurance 30%" plan;
- The Insurance can only be activated when the aforementioned deposit is made by the client;
- Currently, the program can be active on only one Trading Account at a time;
- In the event of an "Account loss", xChief resets your account balance to 30% of your initial deposit amount, allowing you another opportunity to trade. The profit can be withdrawn at any time, and after fulfilling the required trading turnover, you can withdraw the entire insurance amount. The necessary trading turnover to release the insurance amount is calculated using the following formula:
-
Required Turnover (in Lots) = The Insurance Amount (30% of the Initial Deposit Amount) ÷ 10
Example:
If you deposit $2000, activate the "Insurance 30%" plan, and lose your account, xChief provides you with $600 with a drawdown possibility, which can be withdrawn after completing the required Turnover. The Turnover required to release the deposited amount is calculated through the following formula:
Required Turnover (per Lots) = 600 ÷ 10 = 60 Lots
- Note: The calculation of Trading Turnover to release the insurance amount is done only based on the orders on Forex and Metal items. Also, only those orders that are open for at least 180 seconds and comply with the MTP conditions mentioned on the contract specification page are counted as turnover;
- If you decide to cancel the Insurance, you will not be able to re-enable it;
- The "Insurance 30%" plan is valid up to $10,000;
- Activating the "Insurance 30%" plan renders you ineligible to receive any promo and bonuses;
- By activating this insurance program, you agree that xChief reserves the right to deactivate it at any time without providing a reason.
