ForexChief Review
💲 Min Deposit $10
⌛ Year Established 2014
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website www.forexchief.com
🌎 Country
⚖ Max Leverage 1:1000
💰 Bonuses
👨💻 PAMM
🏆 Trading contests
📈 Managed accounts
📖 Free education
ForexChief is a well-established broker since 2014. ForexChief has a headquarter in Vanuatu. ForexChief to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by Ministry of Finance and Economic Management (Vanuatu) 14777.
Account Information
Apart from the forex demo account, this broker offers MT4.DirectFX, cent-MT4.Classic+, cent-MT4.DirectFX, MT4.Classic+, cent-MT5.Classic+, cent-MT5.DirectFX, MT5.Classic+ and MT5.DirectFX. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by ForexChief is up to 1: 1000. Meanwhile, you can open an account with a starting capital of $10.
Min Deposit
$10
Max Leverage
1:1000
Spread
Variable
Commission
$15
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $15
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Metals, Energies and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for MT4.DirectFX account, ForexChief specifically provides it with the following instruments and leverage:
💲 Min Deposit $50
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver and Metals for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for cent-MT4.Classic+ account, ForexChief specifically provides it with the following instruments and leverage:
Forex
1:1000
Gold & silver
1:200
Metals
1:200
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $15
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver, Metals and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for cent-MT4.DirectFX account, ForexChief specifically provides it with the following instruments and leverage:
Forex
1:1000
Gold & silver
1:200
Metals
1:200
Crypto
1:10
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Metals, Energies and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for MT4.Classic+ account, ForexChief specifically provides it with the following instruments and leverage:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver and Metals for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for cent-MT5.Classic+ account, ForexChief specifically provides it with the following instruments and leverage:
Forex
1:400
Gold & silver
1:200
Metals
1:200
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $15
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver and Metals for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for cent-MT5.DirectFX account, ForexChief specifically provides it with the following instruments and leverage:
Forex
1:400
Gold & silver
1:200
Metals
1:200
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Metals, Energies and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for MT5.Classic+ account, ForexChief specifically provides it with the following instruments and leverage:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $15
Instruments Traded
Besides lots of currency pair, ForexChief also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Metals, Energies and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for MT5.DirectFX account, ForexChief specifically provides it with the following instruments and leverage:
Payment Methods
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
ForexChief also provides payment with UnionPay, USD Coin (USDC), Tether (USDT), Ripple, Perfect Money, Local bank transfer, Litecoin, Ethereum, Dogecoin, Dai (DAI), Crypto Cash, Crypto, Credit/debit cards and AdvCash
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, ForexChief offers you MetaTrader 4 and MetaTrader 5.
Customer Support
Do you have any question or find any trouble related to ForexChief? If you do, you should reach ForexChief's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About ForexChief
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if ForexChief is a good broker for you or not by reviewing the criteria. In general, ForexChief provides trading service in Forex , Gold & silver , CFD , Oil , Metals , Energies and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, AdvCash, Ripple, Tether (USDT), Dogecoin, USD Coin (USDC) and Dai (DAI). The customer support is available via Email, Web form, Phone, Live chat, Skype, Telegram and WhatsApp.
The starting capital in ForexChief is $$10.
ForexChief is regulated by Ministry of Finance and Economic Management (Vanuatu) 14777. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
ForexChief is a brokerage company offering trading services for clients since 2014 with offices in Vanuatu.
3 Comments
Boroch
Feb 15 2024
A promising broker, yet there's a minor hiccup; if they accept cryptocurrency deposits, it's only logical for withdrawals to be facilitated in cryptocurrencies as well. Nevertheless, overall, I'm content with my experience with xChief broker.
Caleb Elmers
Mar 14 2024
I have been working with this company for almost a year now and trust them. It is not the best company in the world. It has its flaws. But this company looks competitive against other brokers. That's why I trade with them.
Diana Walker
Apr 12 2024
Well, my experience with the xChief platform has been alright. It does the job when I need to place orders quickly, and the fixed spread works in my favor most of the time. Scalping with the EA is decent too. One thing I do appreciate is their fast payment process - makes withdrawing money a breeze. Overall, it's not bad, but there are some areas where it could improve.