Forexchief review

In my journey to find a good broker that offers high leverage, I chose forexchief.

Best forex bonuses

It is regulated by the ifsc. This regulation is not as good as the u.S or a.U. But I am not easily fooled by top regulations, a broker who wants to screw you will do, and these days the regulatory agents don't help us traders. So what is the use choking myself with bad trading conditions from highly regulated brokers. Besides, they will never offer 1:1000 leverage as forexchief does, no will they give me low spreads as I get now. So traders like myself have to sacrifice regulation to get my leverage needs as long as the broker has a long history of integrity and good reputation. Forexchief ticked all my requirements. Am in 100%, and right now I am enjoying my trades, ripping the profit off the market I think forexchief is perfect for both experienced and inexperienced forex traders. There is the beginner account type, and then there is the expert account type. Mt4 is the most friendly trading platform here, if you want to go higher, you can use the mt5. Both versions are available with forexchief. They thought of everything to suit all kinds of traders. Lastly, there is no restriction of trading strategies. Scalping, hedging, news trading are all allowed. Perfecto

Forexchief

Company forexchief ltd.

Founded in 2014

Online since 2015

Offices in

Bitcoin

Bitcoin cash

Credit/debit cards

Ethereum

Fasapay

Litecoin

Local bank transfer

Neteller

Perfect money

QIWI

Ripple

Skrill

Tether (USDT)

Unionpay

Webmoney

Wire transfer

Yandex.Money

Euro

Great britain pound

Japanese yen

Russian rouble

Swiss franc

United states dollar

Arabic

Bengali/bangla

Chinese

English

Hindi

Indonesian

Portuguese

Russian

Spanish

Ukrainian

Account types:

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:1000

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:1000

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:1000

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:1000

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:400

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:400

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:400

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Forex 1:400

Gold & silver 1:200

CFD 1:50

Oil 1:100

Metals 1:200

Energies 1:100

Cryptocurrencies 1:10

Reviews

66 reviews of forexchief are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

I think forexchief is perfect for both experienced and inexperienced forex traders. There is the beginner account type, and then there is the expert account type. Mt4 is the most friendly trading platform here, if you want to go higher, you can use the mt5. Both versions are available with forexchief. They thought of everything to suit all kinds of traders. Lastly, there is no restriction of trading strategies. Scalping, hedging, news trading are all allowed. Perfecto

This broker offers one of the best trading servers I have ever seen. It is freaky fast even on news trading. They provide good opportunities for market analysis. Once you login to the mt4, the charts are turned on instantly as if you never left.

Some other servers would take a few minutes to load, but not this one. Many of my colleagues were surprised when I showed them. Only a few brokers have this kind of server that is fast and no regular freezing. More success for me

All key information about forexchief is present on their website. This is an honest broker with no hidden charges. Some of the issues I had was because I did not read through the account type pages to know what features are present in each account type. Forexchief is perfect for me. My advice to anyone is to make sure to ask questions before doing anything. I have access to 1:1000 leverage here. No issues

I have been trading with forexchief for the last 2 years and got a lot of support from opening accounts, document verification and trading consultation. If the spread is larger and it was not as promised, they reimburse with the spread charged or widened, funding and withdrawing are smooth without any hassles. Overall a decent broker and good support.

This is a very professional broker to use. The staff on chat department is amazingly good and has vast knowledge of forex. She answers all my questions with precision and patience. This is the first impression that made me register and started trading with forexchief. Every other thing is fine as well. All I hear about the broker giving 1:1000 leverage and big bonuses is actually true.

I have used other trading tools like ctrader before, it was okay. But I learned forex with mt4, so it was nice to finally find a broker with mt4 and mt5 that is really good on spreads and leverage. Forexchief offers excellent service and low trade commission.

Trading forex from hungary is made easy for me by forexchief. They have three good payment systems and work well with my country and I am treated well as an elite client. I love the attention the broker gives to traders with small or big investment. First, the website is easy to navigate, deposit is easy, withdrawal is fast. Trading is smooth and fruitful with this broker. I look forward to many years of making profit.

Forexchief amazing broker, efficient team! They are very helpful with their customers, and if anyone looking for a good broker I think forexchief is the best choice.

This is a broker with offshore regulation, but I am very much impressed with their services. My first deposit was 2000$, and then another 8000$ after all was well. So right now I have approx 14k used with this broker. I made 2k withdrawals last week. All is well, and all is fast. I love it here.

Not bad for a broker outside the EU and U.S. In fact, I noticed forexchief has better execution of order, less slippage and requotes. Also stop orders are triggered perfectly. I use bank transfer for deposit and withdraw, more comfortable, but not as fast as other payment methods. Still, I get my funds within 48 hours most times. I will continue to use this service longer than I planned

This is one of the best brokers I have used since I started trading. I like the fact that they want me to succeed. They don't cancel my profit or do regular checkups on my trades, which was a serious issue with another broker. The forexchief mt4 server is one of the fastest I have used. It is really nice to use a broker that supports you all the way.

Forexchief allows me to sell my signals to subscribers around the world and I can choose if I want to copy the movements of other more experienced investors, that is a very positive aspect of them

I think every trader out there should use forexchief. There is flexible account types to accommodate any kind of trader. I use a micro and standard account. There is no fixed spread, only variable. I do like fixed spread, but the variable spreads seems more advantageous and far lower than fixed spreads. There is no deposit fee.

In my journey to find a good broker that offers high leverage, I chose forexchief. It is regulated by the ifsc. This regulation is not as good as the u.S or a.U. But I am not easily fooled by top regulations, a broker who wants to screw you will do, and these days the regulatory agents don't help us traders. So what is the use choking myself with bad trading conditions from highly regulated brokers. Besides, they will never offer 1:1000 leverage as forexchief does, no will they give me low spreads as I get now. So traders like myself have to sacrifice regulation to get my leverage needs as long as the broker has a long history of integrity and good reputation. Forexchief ticked all my requirements. Am in 100%, and right now I am enjoying my trades, ripping the profit off the market

I like being able to copy transactions through social trading, which is very useful for me because I can make the same entries or analyze them for later entries, the withdrawal of funds is convenient and fast.

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Forexchief.Com review

Forexchief is a forex broker. Forex chief offers the MT4 and MT5 forex trading top platforms. Forexchief.Com offers over 35 forex currency pairs, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Broker details

deposit methods:

bank wire, VISA, mastercard, advcash, alipay, bitcoin, fasapay, local bank transfers, neteller, perfectmoney, qiwi, skrill, unionpay, webmoney

withdrawal methods:

bank wire, VISA, mastercard, advcash, alipay, bitcoin, fasapay, local bank transfers, neteller, perfectmoney, qiwi, skrill, unionpay, webmoney

Live discussion

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Traders reviews

Not everyone reads instructions. I was hoping you will have this account without me asking to get swap free. My previous broker had this. Well, I am glad I was able to get swap free afterward. Thank you.

Jan 16, 2021 - 2 stars hello, my name is umeh, I am dropping this review so others may be careful when choosing this broker. If you want to use forexchief because they claim to give a swap-free account, don't do it. It is deceit on the broker's part to claim on a website that they have a swap-free option. I even asked customer service to confirm this before registration. I have the transcript of the chat in case the broker denies this. I have already deposited money with this broker but I cannot trade anymore because they did not give me an option for swap-free. I don't see the need to talk to anyone because I know they're going to keep playing me around. I have already put in a request to change the broker. I need a broker that offers swap-free unconditionally. I think any trader deserves the right to choose whether to use such an option or not. It is better forexchief removes this info from the website so that traders do not be deceived. I wonder what else is a lie.

Reply by forexchief submitted jan 20, 2021 dear mamary

It looks like you didn't read carefully the conditions. To get swap-free option you need to send request via ticket and wait confirmation from dealing dep.

Forexchief reviews

On-line since: 2014
country of origin: singapore
regulation: VFSC
payment options: wire transfer, visa, mastercard, yandex.Money, webmoney, qiwi wallet, skrill
minimum account size: $1
minimum lot size: 0.01
leverage: up to 1:400
spreads: from 0 pips

The broker is owned by the forexchief ltd company and offers online trading services to natural and legal persons on the STP/NDD model.

Forexchief provides safe access to trades through the most popular metatrader4 platform that is also available for mobile devices on android and ios.

The client can choose one of the four account types: MT4.Directfx, MT4.Classic+, cent-MT4.Directfx, and cent-MT4.Classic+. Each account can be opened with a minimum deposit of $1 in the following currencies – USD/CHF/GBP/EUR/JPY/RUB. It is possible to trade 40 currency pairs and 2 metals. The maximum leverage is up to 1:400, the stop out level is 30%, there is no re-quotes for each account type, and the minimum deal size is 0.01 lots. Bonuses and trading credits are available to the clients. Besides, expert advisors and scalping are allowed with the company.

The accounts also have some differences. The cent-MT4.Classic+ and MT4.Classic+ accounts have no commission. Spread for the MT4.Directfx and cent-MT4.Directfx accounts starts from 0 pips; and for others, from 0.3 pips.

The broker offers two bonuses: welcome bonus and turnover bonuses, which amount depends on orders closed within a week.

There are metaquotes trading signals that allow clients to successfully copy trading deals of professional traders. Besides, clients can become providers of trading signals.

You can read the latest reviews on forexchief in the comments section.

Forexchief review

Forexchief is an online forex and CFD trading broker that offers multiple assets for trading online via the metatrader platforms. The broker allows multiple trading strategies, various account payment options and features multiple account types. Training resources to help traders increase their knowledge. There are also some additonal trading tools provided. Despite this, they are lacking in trading instruments and regulation could be improved.

Forexchief review, pros & cons

Access to trade online via the powerful MT4 & MT5 platforms

Up to 8 account types to accommodate all kinds of traders

Multiple payment options including bitcoin

Efficient customer support team available through multiple channels

Limited assets; no stock cfds

Offshore regulation

Incomprehensive market news & analysis

No USA traders allowed

In this detailed forexchief review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Forexchief is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including forexchief.

Forexchief review: summary

Forexchief is a licensed dealer of securities on a mission to provide quality and affordable forex and CFD trading services over the internet. Founded in 2014, its head office is in vanuatu while other representative offices are in switzerland, singapore and nigeria. The broker offers a modest 60 assets for trading online via the MT4 and MT5 platforms.

Forexchief review: broker features

Forexchief sources its pricing from large banks, investment companies and major market makers. The brand’s internal ‘liquidity aggregator’ technology selects the best prices and streams it to the traders via the metatrader platforms. This way, forexchief offers good trade execution speeds, competitive spreads, reduced slippage and negligible rejections.

The broker allows multiple trading strategies and trading styles. The full features of the MT4 and MT5 platforms are utilized including social trading, VPS purchase, trading signals and more.

Forexchief review: regulation

Forexchief ltd is incorporated in the republic of vanuatu. It is authorized and regulated by the vanuatu financial services commission (VFSC).

Forexchief review: broker regulation

All deposits made by clients are kept in special segregated bank accounts and are not mixed up with forexchief’s funds. The transfers done through e-wallets are not left in the digital wallets; rather, they are transferred to the segregated accounts. This is to ensure total safety of clients’ funds. The segregated funds should not be used by the broker to settle its debts or run its own operations no matter the situation.

In its ‘anti-money laundering’ (AML) policy document, forexchief asserts that it is against money laundering and will combat any ploy to use its services to conceal illegally acquired wealth. All clients are verified using ‘know your customer’ (KYC) procedures. This involves the scanning and uploading of a ‘proof of address’ and a ‘proof of identity’. The broker also constantly verifies all suspicious transactions and uses technology to verify the business reputations of its clients.

Forexchief has also implemented the secured socket layer (SSL) technology which protects clients’ funds by keeping off intruders and cyber criminals who may want to steal clients important information or identity. SSL encrypts all user data before transmission over the internet.

Forexchief review: countries

This information is not available on the forexchief website. It is safe to say that they do not accept clients from the USA due to lack of regulations. Some forexchief broker features and products mentioned within this forexchief review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Forexchief review: trading platforms

The metatrader 4 (MT4) platform was developed in 2005 by ‘metaquotes software corporation’. It is so far the most widely used trading platform among forex traders all over the world. Its simple interface, speed, scalability and versatility endear it to most traders. With the inbuilt MQL4, traders can script, test and deploy expert advisors (eas); which are softwares used to automate strategies.

The platform is replete with tools for trading and analysis of the markets. The MT4 platform also supports social trading and acquiring of indicators, eas and trading tools from the metatrader market.

Forexchief provides the MT4 as a windows desktop application and also as a mobile app available for android and ios devices.

This platform was developed in 2010 by the same metaquotes software corp. It was designed to replace MT4, so, it has more tools and capabilities than MT4 does. The MT5 platform was built with the same physical interface as MT4, although both softwares are not cross compatible. Therefore apps developed for MT4 will not run in MT5 and vice versa.

MT5 also supports social trading, eas, technical analysis as well as fundamental analysis. Forexchief’s MT5 is downloadable as a windows desktop application and also as a mobile app on ios and android devices.

Here are some of the features of MT5 with respect to MT4:

Charts can be displayed on 21 timeframes as against 9 timeframes found in MT4.

The economic calendar is exclusive to MT5.

38 inbuilt technical indicators while MT4 has 30.

6 pending orders can be placed on MT5 while only 4 are available on MT4.

Charts can be analyzed with 44 drawing tools while MT4 has only 24.

The EA strategy tester in MT5 supports multiple currency testing at the same time.

Forexchief review: trading tools

This service is embedded into the MT4 and MT5 trading platforms. Traders (investors) can automatically copy the trades of other traders. A list of the signal providers is available. Investors can view their profiles, trade statistics and performance history before settling for one or more. The signal provider earns a commission from his copiers if they make a profit. It should be strongly emphasised that past results are by no means any indication of future performance and you should be very aware of the significant risks involved when trading online.

Forexchief review: social trading

Market analytics

The analytical review section consists of articles focusing on global news affecting economies, markets and financial instruments. It also looks at technical analysis of some selected assets. The articles use diagrams and charts to illustrate the main points. This section is prepared from the office of the forexchief currency strategist.

Trader’s calculator

This tool calculates the spread, pip value and swap values when the account type, currency, trade volume and trading instrument are inputted. This tool can help a trader to make calculated risks before placing their trades.

Forexchief review: trader’s calculator

Forexchief review: education

There are 29 economic articles on the website. The articles look at the different economies of nations like USA, britain, australia, china, japan, etc. Also, there are articles on currencies, bitcoins, forex trading, fundamental and technical analysis, US shares, investing in gold and oil, etc.

The library section of the website contains articles on history of forex, trading strategies, indicators, trading schedule and beginners’ first steps. The articles are short and precise.

There are 7 articles introducing a novice to forex trading. The articles cover the basics, brokers, psychology and tips for beginners. There are 13 articles on forex strategies which discusses trading strategies such as scalping, pivot point, trend finder, fibonacci, etc. The ‘best forex trading indicators’ section has 23 articles discussing different technical indicators and how they work. Forexchief chose to discus 23 indicators which it sees as the best. Some of them are bollinger bands, hull moving average, stochastic oscillator, zigzag indicator, moving average, etc.

Forexchief review: trading education

Forexchief review: trading instruments

The following instruments are available for trading:

40 forex currency pairs (exotic, minor & major FX crosses)

10 indices

3 energies

5 cryptocurrencies

2 metals

Forexchief review: trading accounts & fees

There are up to 8 account types available to forexchief clients. The accounts depend on the platform of choice; either MT4 or MT5. For all accounts, the minimum deposit is $50 and the size of a lot is 100,000. Every account can trade all the instruments and market execution is used on all orders. All MT4 accounts have a maximum leverage of 1:000 while all MT5 accounts have a maximum leverage of 1:400

Here are the account types:

Directfx: the spread starts from 0 pips and commissions of $1.5 per lot per side is charged on every trade. The average spread for the EURUSD is 0.4 pips.

Classic+: the spread is from 0.3 pips and no commissions are charged. EURUSD average spread is 0.7 pips.

Cent-MT4.Directfx: the spread starts from 0 pips and commissions of $1.5 per lot per side is charged on every trade.

Cent-MT4.Classic+: the floating spreads starts from 0.3 pips and no commissions are charged.

Directfx: the floating spreads starts from 0 pips while the commission is $3 per round lot.

Classic+: the floating spreads starts from 0.3 pips and no commissions are charged.

Cent-MT5.Directfx: the floating spreads starts from 0 pips while the commission is $3 per round lot.

Cent-MT5.Classic+: spread starts from 0.3 pips and no commissions are charged.

Cent accounts are not available as swap free accounts. The base currency of cent accounts is the ‘cent’, that is; $0.01 or €0.01 as the case may be. Swap free accounts are available on request from verified standard accounts. Only muslim clients are eligible. Swap free accounts are limited to 27 currency pairs and 2 metals. Forexchief charges a fixed commission for positions that are open for more than 2 days.

Demo accounts are freely available without any risks to the trader. These enable users to test the different trading platforms and practice trading strategies before opening a real trading account.

As broker fees can vary and change, there may be additional fees that are not listed in this forexchief review. It is imperative to ensure that you check and understand all of the latest information before you open a forexchief broker account for online trading.

Forexchief review: customer service

Forexchief client support desk operates from the different offices of the broker. A convenient way to quickly reach the support team is through web chat, whatsapp, skype, viber, telegram and facebook. The chat representatives are available 24/7. The support team can also be reached via phone lines and email. On social media, forexchief is on facebook, twitter and instagram.

Forexchief review: deposit & withdrawal

In strict compliance with its anti-money laundering policy, forexchief has adopted a cashless settlement policy. Cash deposits are rejected and no third party deposits or withdrawals.

Here are the payment options available to forexchief clients:

Bank wire transfer: this payment method takes 2-3 days depending on the banks involved. There are no deposit fees but the withdrawal fee is 0.1%, minimum of $15 and maximum of $50. Withdrawals can take up to 5 bank working days.

Local transfer: this method is available in nigeria and indonesia. There are no deposit or withdrawal fees. Deposits are credited to the trading accounts within 24 hours while withdrawals can take up to 2 working days.

Bank SEPA transfer: this method is only available to european clients. There are no deposit charges but the withdrawal fee is 0.1%, minimum of €10 while the maximum charge is €40. It takes a maximum of 3 bank working days to complete a SEPA transaction.

Credit/debit card: all major cards are accepted and the deposits are processed instantly. There are no deposit fees but withdrawals are charged at 2%, minimum of $5. Withdrawals take 2-7 business days before it reflects in the client’s card.

Electronic payments: the methods accepted are skrill, neteller, advanced cash, webmoney, perfect money, fasapay and QIWI wallet. All deposits are processed instantly. Deposit charges of 1.99% and 0.8% ($50 maximum) are charged for perfect money and webmoney respectively while other methods are free. For withdrawals, 1% is charged for skrill, advanced cash and QIWI, 0.5% is charged for fasapay and perfect money, 1.9% is charged for neteller and 0.8% ($50 maximum) is charged for webmoney withdrawals.

Bitcoin: this is the only cryptocurrency accepted. Deposits are completed after 6 confirmations. 1.5% is the deposit fee while withdrawals are free. Transactions are completed within 24 hours.

Forexchief review: payment options

Forexchief review: account opening

It takes only a few minutes to open a trading account with forexchief. First, visit the official website and click on the ‘open a live account’ button. The form below displays.

Forexchief review: broker sign-up form

Fill the form and click on the ‘continue’ button. On the next screen, you are prompted to confirm your email address by entering the confirmation code sent to your registered email and the one-time password sent to your phone number. After confirmations, choose a trading platform, account type, position accounting system and base currency. ‘registration is completed’ boldly displays on the screen along with login credentials and the details of the new account. You can then login to the personal area, download the chosen platform, make a deposit and commence trading online.

Forexchief review: conclusion

Forexchief broker is regulated by the VFSC of the republic of vanuatu which is an island nation in the south pacific ocean. The broker affirms that clients’ funds are held in segregated accounts and that it is committed to the AML policy.

Through modern technologies, the broker is able to aggregate prices from liquidity providers to offer clients competitive spreads and execution speeds. The MT4 and the MT5 platforms are versatile, fast and suitable to meet the needs of most traders. Forexchief’s choice of multiple accounts is commendable especially the ‘cent accounts’ which are very helpful to new traders.

Forexchief could do more by partnering with third party research firms like trading central, dow jones, claws & horns, etc. This will help its clients with constant market updates, daily news and expert analysis. The assets index is also very small compared to competitors who offer thousands of trading instruments. There is no education centre with well structured training courses, training videos and student’s progress monitor.

Forexchief could also develop its own proprietary trading platform and trading tools or metatrader plugin tools. Most industry professionals and experienced traders would not trade with offshore regulated brokers. Forexchief could benefit greatly from seeking regulation from other reputable regulators in addition to that of VFSC.

Forexchief is a client focused broker providing multiple account types, multiple payment options and popular trading platforms. However, the broker needs to do a lot in order to match the stiff competition among online forex and CFD brokers. See our list of best online brokers for alternative options.

Trading with complex financial instruments such as stocks, futures, currency pairs, contracts for difference (CFD), indexes, options, and other derivative financial instruments involves a high level of risk and is not suitable for all categories of investors. You must realize that there is a probability of partial or complete loss of your initial investments and you should not invest facilities that you can’t afford to lose. Until you begin to carry out trading transactions, make sure that you fully realize the risks associated with this type of activity.

Min $50 deposit

Forexchief is an online forex & CFD broker that offers multiple assets for trading on the metatrader platforms. The broker allows multiple strategies, various payment options & features multiple account types. Training resources as well as some trading tools are provided.

Advanced platforms

Popular trading platform metatrader 4/5 developed by metaquotes, including a mobile terminal for ios and android operating systems.

MQL4/5 programming language, a wide variety of tools for technical analysis, trading signals, and VPS service.

Trading credits

Deposit funds in your account and get a trading credit up to 50% of the amount deposited.

Trading credits are termless and interest-free, and can be used as guarantees when effecting transactions.

Turnover bonuses

Turnover bonuses are analogues of rebates or cashback. Earn up to $10 for 1 mln. USD of the trading turnover.

Progressive remunirations scale, bonuses are credited automatically and can be withdrawn immediately without any restrictions.

Copy trading

Copy trades of successful traders in the automatic mode or sell your trading signals to subscribers all over the world.

The service was developed by the metaquotes company and was integrated into the metatrader client terminal.

Partnership

CPA (cost-per-action) remuneration up to $300 for each attracted client.

Subsequent «eternal» remuneration for the referrals turnover calculated on a progressive scale - up to

Liquidity provider

Open new opportunities for your brokerage company with forexchief aggregated liquidity.

Effective B2B solution that allows you to offer competitive terms to the most demanding clients on the basis of developed technological infrastructure.

Regulated & licensed

Metatrader 4 and 5

Wide range of contracts

Aggregated liquidity

Bonus programs

Partnership

Bonuses and promotions

Analog of "bonus for deposit"

Increase the amount of funds in the account

Opportunity to receive up to 20,000 USD

Perpetual and interest-free

The profit can be withdrawn without restrictions

No hidden conditions, can be opt out anytime

Analog of rebates and cashback

Progressive remuneration scale

Credited automatically

Can be withdrawn anytime without restrictions

Excellent opportunity for additional income

The bonus is credited automatically upon the first deposit

The maximum bonus is equal to $500

The bonus can be withdrawn after performing the required turnover. The profit can be withdrawn without restrictions

Trading robots and any strategies are allowed, including scalping and arbitrage

Welcome bonus has unlimited duration

Account types

This is the main account type in the line of forexchief trading accounts designed for experienced traders. The distinctive features of this account are narrow spreads without "markups" and a broker fee, whose amount is calculated as based on the transaction volume at the rate of $15 for USD 1 mln.

This is a classic account type with a "floating" spread that has no transaction fee. Client's orders are executed in "market execution" mode, while the standard speed of trading order execution on the server is in the range of 100-150 msec (under regular market conditions).

This is a "cent" account, whose balance span exceeds that standard hundredfold. Otherwise, this account type is completely identical to the MT4.Directfx. These accounts will be suitable for those clients who want to test MT4.Directfx on its "cent" counterpart.

This is a "cent" account that is different from MT4.Classic+ only by its balance span. Otherwise, those account types are identical. As it’s an intermediary stage between a demo-account and a real standard account, the cent-MT4.Classic+ allows users to make a comfortable transition from "virtual" trading to operation with real money.

The basic option for professionals in the line of forexchief trading accounts. Stable high liquidity, narrow spreads without «markups», the minimum brokerage commission on the transaction volume ($15 for 1 million USD) allows to effectively use all advantages of MT5 trading terminal and «one click trading» technology.

Classic trading account with a "floating" spread without deals fee. Full access to all MT5 functions, «market execution» mode, average speed of ordering does not exceed 100-150 msec (in conditions of a stable market). The optimal solution for professional systems with the modeling of profitability using the floating spread method without taking into account commission costs.

«cent» analog MT5.Directfx, the balance dimension of trading account is 100 times larger. Accounting for trading results in cents is beneficial for beginners, who can not risk large sums, and professionals who perform testing or optimization of trading systems or methods of management

"cent" version of MT5.Classic+ with a low level of risk. Guarantees maximum of practical experience at minimal costs. It is recommended for all systems based on floating spread without deals commission. Provides a comfortable transition from demo trading and small deposits to a full trading account.

Deposit and withdrawal

Wide range of payment systems, 0% commission, negative balance protection, segregation of client funds

Company news

Analytics

Quotes

Risk warning: trading with complex financial instruments such as stocks, futures, currency pairs, contracts for difference (CFD), indexes, options, and other derivative financial instruments involves a high level of risk and is not suitable for all categories of investors. You must realize that there is a probability of partial or complete loss of your initial investments and you should not invest facilities that you can't afford to lose. Until you begin to carry out trading transactions, make sure that you fully realize the risks associated with this type of activity.

Forexchief review

Founded in 2014 with its head office in vanuatu, forexchief is a licensed dealer of securities that offers forex and CFD trading services with multiple assets for trading online via the metatrader platforms. The broker offers a modest 60 assets for trading across different asset classes such as forex, indices, energies, cryptocurrency, and metals. They allow multiple trading strategies, various account payment options, and multiple account types, providing quality trading conditions with good execution speeds, competitive spreads, reduced slippage, and negligible rejections.

Forexchief review – broker features

Forexchief review introduction

In this forexchief review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including forexchief.

Forexchief platforms & tools

Forexchief review – trading platforms

Forexchief provides clients with the MT4 platform, which was developed in 2005 by metaquotes software corporation and is so far the most widely used trading platform. It has a simple interface and features good speed, scalability, versatility, and the inbuilt MQLQ, which aids traders to deploy expert advisors (eas) for automated trading.

Forexchief review – social trading

The broker also provides the MT5 platform, which is very similar to the MT4 platform but has more features and extended capabilities. Both the MT4 and MT5 platforms are downloadable as a window desktop application and also as a mobile app on ios and android devices. The broker also offers clients some additional trading tools, such as social trading, market analysis, and trader’s calculator.

Forexchief review – trader’s calculator

Forexchief research & education

Forexchief websites are loaded with economic and educational articles. The articles cover a vast range of topics, including the economies of nations, bitcoins, forex trading, technical analysis, trading strategies, technical indicators, and more.

Forexchief review – trading education

Forexchief trading accounts

The broker offers the following different account types:

Directfx: the spreads start from 0 pips and an average EURUSD spread of 0.4 pips.

Classic+: spreads start from0 pips.

Cent-MT4.Directfx: spreads starts from 0 pips.

Cent-MT4.Classic+: floating spreads start from 0 pips.

Cent-MT5.Directfx: floating spreads from 0 pips.

Cent-MT5.Classic+: spreads starts from 0.3 pips.

For all the accounts, the minimum deposit is $50 and the lot size is 100,000. Swap-free islamic accounts are available on request. The demo accounts are freely available for traders who wish to test the different trading platforms & strategies before opening a real account.

Forexchief account funding

Forexchief has adopted a cashless settlement policy in accordance with its anti-money laundering policy, so cash deposits and third party deposits are rejected. The payment options available to forexchief clients are as follows: bank wire transfer, local transfer, bank SEPA transfer, credit/debit card, electronic payment, and bitcoin.

The deposit and withdrawal fees and the processing time depend on the payment method used.

Forexchief customer service

Forexchief client support desk operates 24/7 from the different offices of the broker and can be reached conveniently via web chat, telephone lines, and email. They are also on social media platforms, such as facebook, telegram, whatsapp, viber, and skype.

Forexchief regulation

Forexchief ltd is incorporated in the republic of vanuatu, and they are authorized and regulated by the vanuatu financial services commission (VFSC).

Forexchief review summary

Forexchief is a client-focused broker providing multiple account types, multiple payment options, and the popular MT4 and MT5 trading platforms with competitive spreads and execution speeds. The broker is regulated by the VFSC of the republic of vanuatu.

It is worth mentioning that some of the trading products and services in this forexchief review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the forexchief broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Forexchief

Spreads

Liquidity

Commissions

Support

Regulation

Features

MT4 and MT5 trading platforms

A good selection of educational resources

Multiple payment options including bitcoin

Different classes of tradable assets

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Forexchief review 2021

Forexchief ltd. (company number №14777) is licensed by the vanuatu financial services commission as a dealer in securities (principal’s license) pursuant to section 4, subsection (1) (a) of the dealers in securities (licensing) act [CAP. 70] as amended. The basic concept of the project is creation of a unique platform for online trading in currency contracts and precious metals on conditions of margin trading. The foundation of the project’s technological infrastructure is built on the STP/NDD model avoiding not only a conflict of interest between the company and the client, but also, in general, increasing service quality by means of narrow spreads and high speed trading order execution.

Start year:2014

Country of origin:vanuatu

Regulation:VFSC #14777

Payment options:bank wire, VISA, mastercard, advcash, alipay, bitcoin, fasapay, local bank transfers, neteller, perfectmoney, qiwi, skrill, unionpay, webmoney

Minimum account size:$50

Minimum lot size:0.01

Leverage:from 1:1000

Spreads:from 0 pips on EUR/USD

Regulation and license

Company name: forexchief ltd. Registration number:14777, license:dealer in securities (principal’s license) issued by VFSC, legal address:1276 kumul hwy, 1st flr govant bldg, port vila, vanuatu

Trading platform

As the basic platform, forexchief offers metatrader 4/5 – the most popular trading platform for forex trading. Separately, institutional clients who offer broker services should pay attention to the STP-gate integrated into metatrader 4/5 that can connect liquidity through a regular trading account on metatrader 4/5 platform with minimum labor input.

The company pays special attention to the technical stability of the trading servers and software that is provided to the client for trading operations. The technologies developed for liquidity aggregation as well as the system of their administration is based on cluster solutions, where a high level of reliability under abnormal loads can be maintained (especially where there is a large number of client orders coming to the trading server when economic news has been published).

Trading accounts

The line of forexchief account types has “cent” accounts (cent-MT4.Directfx, cent-MT4.Classic+, cent-MT5.Directfx and cent-MT5.Classic+), whose balance exceeds that of standard accounts hundredfold. This way, for instance, if a trader refills a cent account with USD 100, and that transfer is successfully completed, the amount of 10,000 (i.E. 100 times more) will be credited to the account, since USD cents is the account currency in this case. “cent” accounts are an indispensable tool, both for beginners, whose experience does not allow them to invest significant capital, and for professionals, whose goals are fine tuning and testing trading robots in real market conditions. Also, this type of account provides an opportunity to have comprehensive testing in dealing with the company, and not risking a large deposit.

It is important to note that only client orders with the size from 1,000 units of the base currency, which corresponds to 0.01 of a lot on MT4.Directfx, MT4.Classic+, MT5.Directfx and MT5.Classic+ accounts, will be transmitted to counterparties. This way, for all orders whose size is below 1,000 units of the base currency, the company acts as a dealer (the “second party” of the transaction).

Segregation of client’s funds

Forexchief uses the generally accepted mechanism of dividing a client’s and its own funds on bank accounts. The use of this model is not only the obligatory requirement set by financial regulators but is also an integral instrument for protection of investors from broker’s insolvency.

Under no circumstances can the company use clients’ funds kept at special bank accounts for its operating activities. Moreover, in order to support unconditional solvency, forexchief does not transfer clients’ funds to liquidity providers’ accounts, and uses its own funds to carry out counterparties’ margin requirements, when placing clients’ orders to the market.

Forexchief review 2021

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our ratings list of forex brokers, the traders union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the top 5 on our objectively ranked list:

Summary of forexchief trading company

Вђњforexchiefвђќ ltd. Вђ“ is the company that offers its online-trading services with several instruments popular among forex players, including currency pairs and precious metals. This broker works with metatrader 4 trading terminal. Вђњforex chiefвђќ company is the regulated broker and has dealer in securities license issued by VFSC supervisor. You should also pay special attention to вђњforexchiefвђќ bonus program.

We work exclusively with the accounts opened through traders union.

Forexchief latest comments 2021

The reviews by customers of the forexchief indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the brokerвђ™s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of forexchief published on the website in 2021 are verified and confirmed by traders union as reliable comments by real traders.

I liked the possibility of buying more tools and applications to facilitate decision making, I think it is something very essential for people who start in the world of commerce.

I feel comfortable with forexchief because I like its system and platform adapts to my needs, I started using it because of the low commission and the possibility of using any tool that I find convenient.

For me a leverage system that supports me is extremely important, I enjoy that with my forexchief account, that has helped me to move forward quickly with the foreign exchange investment that is one of the companies that I proposed this year

It has a modern and intuitive platform, I have reviewed its tools and they are very good, it has good proposals as well as a bonus system per business cycle.

There comes a time where everyone learns that they must consolidate their economy if they want to become independent and grow as a person, I use the forexchief broker to boost my capital, with its system of leverage and increased assets, I can grow at my own pace and help in the difficult task to gain stability.

I feel good when I use a service and it works for me, that's why I like forexchief, it is undemanding and very collaborative, it allows me to start with little and I can keep all my resources in an effective way.

Currently we are all in one way or another interconnected, forexchief is a broker who understands that why what I like most about them is that they have a signal tool that keeps me connected to my finances at all times.

Analysis of the main features of the forex broker

Trading conditions for forexchief users

trading platform:	metatrader4, metatrader5, mobile platforms
accounts:	MT4.Directfx, MT4.Classic+, cent-MT4.Directfx, cent-MT4.Classic+
account currency:	USD / CHF / GBP / EUR / JPY
replenishment / withdrawal:	bank transfer, credit/debit card, china unionpay, crypto, skrill, NETELLER, advanced cash, webmoney, perfect money, fasapay, QIWI wallet
minimum deposit:	50 USD
leverage:	1:1000
PAMM-accounts:	yes
min order:	0.01
spread:	from 0 pips
instruments:	forex, metals, energy, indexes, crypto
margin call/stop out:	50%/30%
liquidity provider:	no
mobile trading:	mobile platforms
affiliate program:	yes
orders execution:	market execution
trading features:	no
contests and bonuses:	welcome bonus

Comparison of forexchief with other brokers

forexchief	fxpro	XM group	admiral markets UK	avatrade
trading platform	MT4	MT4, mobiletrading, MT5, ctrader	MT4, MT5, mobiletrading	MT4, MT5, iphone, ipad, android, MT4 supreme edition	MT4, mobiletrading, zulu trader, mirror trader, avatrader, AVA option
min deposit	$1	$100	$5	$200	$100
leverage	from 1:10 to 1:400	from 1:1 to 1:500	from 1:1 to 1:888	from 1:25 to 1:500	from 1:200 to 1:400
trust management	no	no	no	no	no
accrual of % on the balance	no	no	no	no	no
spread	from 0 points	from 1 point	from 1 point	from 0 points	from 0 points
level of margin call / stop out	50% / 30%	25% / 20%	50% / 20%	100% / 30%	25% / 10%
execution of orders	market execution	market execution, instant execution	market execution	market execution	instant execution
no deposit bonus	no	no	$30	no	no
cent accounts	yes	no	yes	no	yes

Broker comparison table of trading instruments

forexchief	fxpro	XM group	admiral markets UK	avatrade
forex	yes	yes	yes	yes	yes
metalls	yes	yes	yes	yes	yes
crypto	yes	no	no	yes	yes
CFD	yes	yes	yes	yes	yes
indexes	yes	yes	yes	yes	yes
stock	no	no	yes	yes	yes
ETF	no	yes	no	yes	yes
options	no	yes	no	no	yes

Contacts

registration address	1276 kumul hwy, 1st flr govant bldg, port vila, vanuatu
regulation	VFSC licence number: 14777
contacts	email: [email protected] , phone: +41 44 505 1495

The oldest reviews of the forexchief

I liked the possibility of buying more tools and applications to facilitate decision making, I think it is something very essential for people who start in the world of commerce.

Latest forex articles that may help you

Do reviews by traders influence the forexchief rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about forexchief you need to go to the broker's profile.

How to leave a review about forexchief on the traders union website?

To leave a review about forexchief, register on the traders union website or you can also leave a review through facebook.

Is it possible to leave a comment about forexchief on a non-traders union client?

Anyone can leave feedback about forexchief on multiple participating clients; however, traders union clients also receive additional payments later for working with any broker listed at the forex market.

Why is it more profitable to work with forexchief through traders union?

Because you will receive additional payments from traders union every month while all other functions on your chosen trading platform remain the same.

Traders union recommends: choose the best!

Risk disclosure:

Information on the tradersunion.Com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit.

That is why you should only invest money that you are prepared вђ” or can afford вђ” to lose at such high risks. Tradersunion.Com does not provide any financial services, including investment or financial advisory services. Also, the traders union is not a broker and does not get money for trading in the forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.

Disclaimer:

Tradersunion.Com assumes no responsibility for the consequences of the clientвђ™s trade decisions or for the possible loss of his capital caused by the use of this site or the information on it. The forex trading, as well as CFD or cryptocurrencies trading, are not for everyone and forex trading is a very risky business. Before investing, please assess your competence to trade in the forex markets and make sure you understand and appreciate all the risks, particularly in terms of leveraged trading. The information on this site is not intended for distribution, dissemination, or use by any person in any country or jurisdiction where such distribution, dissemination, or use would violate domestic legislation or regulation.

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