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ForexChief review

On-line since: 2014
Country of origin: Singapore
Regulation: VFSC (Vanuatu)
Payment options: bank transfers, credit cards Visa, MasterСard, e-wallets Yandex.Money, WebMoney, Qiwi Wallet, Skrill
Minimum account size: $1
Minimum lot size: 0.01 lots
Leverage: up to 1:400
Spreads: from 0 pips

About company:

Founded in 2014, ForexChief is an offshore broker working on STP/NDD model and licensed by the Vanuatu Financial Services Commission as a Dealer in Securities. It has offices in Singapore and Moscow and offers trading in forex and precious metals markets on the MetaTrader 4 platform. Vanuatu offers a variety of tax benefits, such as no income tax, no capital gains tax, and no inheritance tax. Besides, registration process for forex and binary brokers is fast and low cost.

The company assures that it guarantees the safety of customer funds by segregation of clients’ and ForexChief’s accounts.

ForexChief offers its clients 2 basic commission-free account types (MT4.Classic+ and cent-MT4.Classic+, and 2 accounts types with tighter spreads (from 0 pips), and commission (MT4.DirectFX and cent-MT4.DirectFX).

All account types provide leverage up to 1:400, the opportunity to trade in micro lots and require minimum deposit of $1.The owner of any account can copy successful traders’ operations and sell their own trading signals.

Like most brokers, ForexChief supports the most popular trading platform, MetaTrader 4 (MT4) available as desktop and mobile versions.

It earned its reputation due to its ease of use and various useful functions that allow the traders not only to make transactions but also to analyze market dynamics, to automate their trades via a wide range of expert advisors and to back-test their strategies.

This broker offers the $20 Welcome No Deposit Bonus. The Bonus can be withdrawn without restrictions after the completion of trading turnover.

ForexChief Ltd provides traders with the opportunity to earn extra income by participating in affiliate programs White Label and Ib Pro.

ForexChief offers its clients several payment methods: bank wire transfer, credit/debit card, and payment systems (Skrill, WebMoney, Yandex.Money, and Qiwi).

ForexChief 3/10 (votes 1980)
Comments Interested in other brokers?
Author of ForexChief: Kosofe@Fx | Date 2018-03-07
ForexChief must be the worst forex broker ever I have traded. I have opened a Standard account 3 months ago with 200$. At first, all was well and I managed to grow to 445$. On 19 February, I placed a withdraw request of 300 using e-wallets Yandex, until now they did not processed When I contact their live chat they informed me they hold my $250 because they found unusually activity on my account. I ask them to provide specific reason holing my money but they refuse to provide it. This is totally unbelievable! Avoid this broker at all cost.
Author of ForexChief: pipmakaron | Date 2017-12-13
2 month ago, my friend invited me to join ForexChief because he has trading in ForexChief and feel this broker totally fulfilled all of his expectations. He said, they gives first deposit a bonus of $30 totally for free and with no restrictions as well as all services they have. A week after that, I open my trading account and make my first deposit, I got the bonus and make my next deposit in the other day. But there is something terribly wrong with ForexChief, first I manage to keep my profit grow and earned about 15% in a a weeks. But the problem is, the spreads get widened during news but i think this is normal, their spreads is floating. And during these time I have face almost 10 time slippage which is unacceptable. This is a bad sign so before I lose to much money, I immediately closed my account and it was the best thing I did.
Author of ForexChief: Inkesterio89 | Date 2017-12-11
Opened a live account with ForexChief just one month back. Last week I was in profit of $426 trading on Gold. When I notice market goes against me and I decided to close my position and surprise I could not close it . For the time spending for my call to dealing service, I lost all my profit and closed position - $76. When I contact with their support they said it is problem with my computer, so funny! However I other platforms are working well on it. I am changing to a new forex broker as soon as possible.
Author of ForexChief: AhmedNashy | Date 2017-11-06
I prefer auto-trading with ForexChief broker in an MT4.Classic plus account since March 2017. But yesterday they blocked my account and give me a short message that my account has been investigated due to the automated trading. So now I have to open another account and trying their manual trading But In manual, I am unsatisfied with their MT4 platform performance. Every Trades of I have given them high spread but the execution of the signals didn't receive on time. Also I am unable to withdraw my profit via Neteller. I call the support but they are lazy and unprofessional. So I want to leave them for this worst trading experience.
Author of ForexChief: YılmazFx | Date 2017-09-12
ForexChief broker is my trading partner in the market. Really I am satisfied with their MT4 platform in an MT4.Classic plus account. where I find perfect executions with multiple analytical tools, indicators, and real market charts. I prefer their 0.7 pips low spreads which are adjustable with me, even has no additional costs for the advanced and professional auto-trading tools. Sometimes I also trade by the WebTrader platform if I stay outside from my Desktop PC. Till now I have been deposited $100 via e-wallets Skrill. If I faced any kind of problems then I call the support and they instantly solved my issue. Sometimes I visit ForexChief youtube channel to enlarged my forex trading knowledge which I need. There are available analysis and signals, Market Reviews, Free FX Signals, Technical Analysis, economic Calendar and so many things which gave me knowledge. I say ForexChief is the 100% professional broker and I want to thanks them for good trading experience.
Author of ForexChief: Okolo | Date 2017-08-17
Forexchief are good when it comes to their customer representatives, but when you start trading Forex, you understand that you have a little chance to earn here. It seems that you deal with bucket shop. This was my experience on forex chief platform, traded major currency pairs with $200, and I was unable to make a significant profit, platform will not stop from freezing.
Author of ForexChief: Wisia | Date 2017-06-16
Working with this company has been a good experience. I am client since 2015 and I have to say that all services, especially trading terms provided, are excellent to generate earnings in just a few months. I started with a deposit of $150 and managers got contact to me very fast. They explained me all process of work with them and encouraged me to take its online courses in order to be more prepared to trade in forex market. Also, they gave me a bonus of $60 as an initial help. The trading platform they manage is easy to use with several servers to choose, so my trading is very fluently.

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