xChief review: Broker opens registration for 23rd round of Gold Whale trading contest
xChief has launched registration for the 23rd round of its monthly “Gold Whale” contest, an initiative that blends real-market trading with competitive prize incentives. The program, which has become a recurring opportunity for active traders, offers a total prize pool of $5,000, distributed among 20 winners based on trading performance.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The contest is designed to accommodate a wide range of trading styles, allowing participants to use discretionary strategies, algorithmic systems, or trading robots without restriction. All prize funds are paid in cash and may be withdrawn immediately.
A flexible competition designed for real traders
The “Gold Whale” contest provides traders with a structure that mirrors live-market conditions while adding the appeal of financial rewards. Key contest features include:
- $5,000 prize pool shared among 20 winners
- Any trading strategies and robots/EA allowed
- Prizes withdrawable without restrictions
- Ability to stop participation at any time without losing accrued funds
To enter, traders must open or use an existing MT4.DirectFX or MT4.Classic+ USD account that is new, free of trading history, and not activated with promotional credits. A minimum deposit of $100 is required to qualify.
Participants must complete at least 10 trades during the contest period. Rankings are determined using xChief’s official formula:
Return = (Net Profit / Sum of Deposits) × 100
Winners receive:
1st place: $1,000
2nd place: $750
3rd place: $500
4th–10th places: $250
11th–20th places: $100
The company notes that hedging across different accounts, enabling swap-free mode, or maintaining multiple accounts simultaneously is prohibited and may lead to disqualification.
xChief promotes the contest as a way for traders to challenge themselves while gaining experience in a competitive environment. The firm highlights that deposits and withdrawals can be made freely throughout the contest and that participation can be renewed with a new account upon request.
Read also: xChief receives prestigious award at Smart Vision Egypt 2025
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