xChief review: Registration opens for 24th round of Gold Whale trading contest
xChief has announced the opening of registration for the 24th round of its monthly Gold Whale trading contest, continuing its strategy of combining live trading activity with competitive incentives. The contest offers traders the opportunity to compete for a shared cash prize pool while trading under standard market conditions.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
Designed as an ongoing monthly event, the Gold Whale contest distributes a total prize fund of $5,000 among 20 winning participants, rewarding traders based on performance rather than trading volume alone. According to xChief, the initiative is aimed at both active retail traders and strategy-focused participants seeking measurable returns in a competitive environment.
Contest structure and key features
The Gold Whale contest allows participants to trade freely using any strategies or expert advisors (EAs), with no restrictions on trading style. One of the distinguishing features of the competition is that all prize money is immediately withdrawable, with no lock-up periods or volume requirements attached.
Participation is flexible, with traders able to exit the contest at any time without forfeiting accrued funds. The minimum deposit required to enter is $100, and participants must execute at least 10 trades during the contest period to remain eligible.
Performance is ranked using a return-based formula:
Return = (Net Profit / Sum of Deposits) × 100,
where net profit includes both realized and unrealized gains or losses. Winners are determined by the highest return percentage rather than absolute profit.
Prize distribution ranges from $1,000 for first place to $100 for positions 11 through 20, with intermediate awards allocated to runners-up.
Participation rules and account requirements
To enter, traders must use a newly opened or eligible live account meeting specific criteria. Accepted account types include MT4.DirectFX and MT4.Classic+, denominated in USD, and without active bonuses or trading credits. Only one contest account may be used at a time, though traders can re-enter in future rounds upon request and account removal.
Hedging across accounts and swap-free services are prohibited, and xChief reserves the right to disqualify participants at its discretion.
xChief and trader engagement
xChief positions the Gold Whale contest as part of its broader focus on trader engagement, flexibility, and transparent competition. By allowing unrestricted strategies and immediate withdrawals, the broker emphasizes accessibility and performance-driven rewards.
As registration opens for the latest round, the contest underscores xChief’s continued use of trading competitions as a tool to attract and retain active traders in a crowded brokerage landscape.
Previously, we reported that xChief introduced a $100 no-deposit bonus designed to allow new users to explore the platform’s trading environment without investing personal funds.
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