“XChief charges no deposit/withdrawal fees” is a true statement — but only partly. There’s one important fee many traders completely overlook until they come back to their account after a long period of inactivity: an inactivity fee. This article works through every common misconception about costs at XChief, including this hidden fee.
Myth 1: “XChief charges no fees at all”
The truth: XChief doesn’t charge a direct deposit or withdrawal fee — both are listed at 0% from the broker’s side. This is accurate. But “no deposit/withdrawal fee” doesn’t mean “no other fees whatsoever.” Specifically, XChief applies an inactivity fee: $20 after 6 months of no trading activity, then a further $20 each month the account remains inactive. This is a fee not every broker in the industry applies, and it’s a specific point of difference from Weltrade or Valetax analyzed in earlier articles, neither of which has public evidence of this kind of fee.
Myth 2: “The inactivity fee is just a threat, it’s not actually deducted”
The truth: This is a dangerous misunderstanding. An inactivity fee is a common mechanism across the financial industry in general (not just forex) meant to offset the cost of maintaining a non-revenue-generating account — most brokers that apply this fee genuinely deduct it on the published schedule, not just an unenforced term on paper. At XChief, if you don’t trade for 6 consecutive months, the account is charged $20, and continues being charged $20 every month after that until the balance hits zero or you resume trading.
Myth 3: “I can leave money in my XChief account indefinitely without doing anything”
The truth: Precisely because of the inactivity fee mechanism above, this is a costly misconception if you plan to pause trading for a long period (e.g., taking a few months off for personal reasons). If you know in advance you won’t trade for 6 months or more, consider withdrawing most of your balance beforehand, leaving only the minimum necessary amount, or placing a small periodic trade to keep the account “active” — as long as that strategy doesn’t create unwanted additional risk.
Myth 4: “Withdrawals at XChief are as slow as other offshore brokers”
The truth: Quite the opposite — this is a genuine strength of XChief. Most withdrawal methods are processed within 24-48 hours, significantly faster than the 3-5 days common at many other Tier-3 offshore brokers. Bank card withdrawals specifically usually take 1-2 business days. This is one of the few areas where XChief genuinely outperforms brokers in the same licensing segment.
Why do brokers apply an inactivity fee at all?
From the broker’s operational standpoint, every open account — whether trading or not — still consumes infrastructure cost (data storage, KYC/AML compliance, standby customer support). With hundreds of thousands of inactive accounts accumulating over time across the whole system, an inactivity fee is how brokers offset part of this cost, while also encouraging customers to either close an unused account or resume trading. This isn’t unusual behavior or a red flag specific to XChief — it’s common practice across the financial services industry in general, and even some traditional banks apply a similar mechanism to inactive accounts.
Myth 5: “The only cost of trading is the spread”
The truth: Depending on account type, additional commission can apply (DirectFX: $2.50/lot/side; xPRIME: $3/lot/side) plus overnight swap fees (unless using a swap-free Islamic account). For stock CFDs on xPRIME specifically, there’s also a separate overnight financing fee distinct from regular forex swap — a cost layer that new traders moving from forex to stock CFDs easily overlook.
Myth 6: “High leverage on MT4 is always better than lower leverage on MT5”
The truth: Higher leverage (1:1000 on MT4 versus 1:400 on MT5) doesn’t automatically mean “better” — it just means the ability to open a larger position with the same margin, along with faster liquidation risk if the market moves against you. If you need features only available on MT5 (like the xPRIME account with its expanded product range), accepting a lower maximum leverage is a reasonable price to pay for that access, not a disadvantageous trade-off.
Myth 7: “The withdrawal method doesn’t affect the actual fee”
The truth: While XChief doesn’t charge a fee, intermediary payment providers (banks, e-wallets, blockchain networks) can absolutely apply their own. For crypto specifically (BTC, USDT, ETH), the network fee fluctuates based on the timing of the transaction and network congestion — a cost outside the control of both XChief and the person withdrawing.
Myth 8: “A balance in an inactive account will be preserved forever if I don’t withdraw it”
The truth: This is exactly what does NOT happen under XChief’s inactivity fee policy. If you leave an account untraded for over 6 months, the balance starts being deducted $20, then continues at $20 per month — if this goes on long enough without intervention, the balance can hit zero entirely just from accumulated inactivity fees, not from trading losses. This is a real scenario that has happened to a fair number of traders at various brokers with similar policies across the industry, not just XChief.
Myth 9: “A deposit promotion doesn’t affect withdrawals”
The truth: Like most forex brokers, if XChief has a deposit promotion or welcome bonus active when you register, these programs typically come with a minimum trading-volume requirement before the bonus or related profit can be withdrawn. Always read a specific program’s terms carefully before joining, rather than assuming every amount in the account is as freely withdrawable as your original deposit.
A note for traders withdrawing to Vietnam
For traders based in Vietnam, bank transfer or USDT are usually the most accessible methods. Vietnamese banks may apply their own fee for receiving international transfers, plus a possible deduction through an intermediary SWIFT bank — ask your own bank directly about their fee schedule before estimating the final amount you’ll receive.
Summary table: fact vs. myth
- No direct deposit/withdrawal fee at XChief — true, but there’s an inactivity fee of $20/6 months then $20/month.
- The inactivity fee is just a threat — false, it’s genuinely deducted on schedule.
- Withdrawals are as slow as other offshore brokers — false, XChief processes faster than average (24-48 hours).
- The only cost is the spread — false, there’s also commission (DirectFX/xPRIME), swap, and stock CFD financing fees.
More frequently asked questions
How do you avoid the inactivity fee if you need a long break from trading? Withdraw most of your balance before pausing, leave only the minimum amount, or contact support to confirm the current policy before deciding.
Does the inactivity fee apply to demo accounts? No, this fee only applies to real, funded live accounts, not to practice demo accounts.
How do you confirm the exact fees for your account? Check directly inside XChief’s Client Portal, or contact live chat with a specific question, since fee policy can be updated over time.
Does the Cent account get charged the same inactivity fee as the others? Inactivity fee policy usually applies uniformly across all real trading accounts regardless of type, but confirm directly, since some brokers have a specific exception for Cent accounts given their typically very small balances.
Is there a way to make the system count an account as “active” without real trading? Don’t try to game this rule with artificial trades that serve no real purpose — many brokers have terms banning “trading purely to avoid a fee” and may treat this as a violation of the terms of service. The safest approach is still to withdraw your funds or accept the fee if you genuinely need a long pause from trading.
Now that you understand the full fee structure, ready to try XChief? The complete fee schedule is published in the client area after registering.
XChief currently has a welcome offer for new accounts for a limited time — terms may change, check directly when you register.
The fee information in this article is for reference at the time of writing and may change according to XChief’s policy — always confirm the latest terms directly on your own account. This is not investment advice. Learn more at FXM680’s Forex Academy.