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ForexChief review
ForexChief


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 The Bonus can be withdrawn without restrictions after the completion of trading turnover.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 1983)
Author of ForexChief: Jason K. | Date 2019-02-27
My experience with forexchief has been optimal, its leverage system is coupled to different tastes, on the other hand, its transactions are made quickly, I like the way it works.
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Author of ForexChief: AleBG | Date 2019-02-18
I think they are a serious company, I retired by skrill, it has a fast and friendly system, I have felt comfortable with them, they will not have high dividends, but if they are reliable... I think that's the most important thing, because in the world of currency transactions, there are many scammers who want to hunt new in this world.
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Author of ForexChief: Orim | Date 2019-01-22
I am so embarrassed of myself for being too naive and being fooled by ForexChief but I have to write this review to serve as a warning for other aspiring traders out there. ForexChief hooked me by offering a $100 bonus for opening an account. At first look, their terms and conditions doesn't seem to have anything wrong in it but if you read it over and over again, you'll realize that you're agreeing to be scammed by this broker. They made it using the bonus. It was impossible to withdraw any profit from the bonus if I wouldn't deposit. When I deposited $100, they said that they are cancelling the bonus but they can't disclose the reason. Then after that, they still did not allow me to withdraw my funds even though it already came from me. It has been 4 months already and still there's nothing.
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Author of ForexChief: Representative ForexChief | Date 2019-02-06
Dear Orim , We would appreciate if you prove your words or at least, that you are our client , maybe your account or transaction numbers. Otherwise it looks like the unfair competition from the paid inventor . Best regards, Representative ForexChief.
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Author of ForexChief: Fredrick JR | Date 2018-12-25
The broker is working fine for me. This is my 5th week trading with Forexchief and I have withdrawn money twice via skrill. The least I can do is write a review as well.
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Author of ForexChief: Fred Madini | Date 2018-12-24
There is absolutely nothing wrong with the broker. They even have lower spreads than I expected. Their Mt4 server is fast and withdraw process is very good to me. I am working on an honest review of this broker on my website next month.
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Author of ForexChief: pipnono | Date 2018-11-09
During trading in ForexChief since 3 months ago, I never have a trading problem while deposit and take my profit. I opened real account with them in pair EUR/USD and they set profit about 5% to 20%. But when I increase my deposit amount more then their minimum account size, I just feel very heavy by the floating spreads that run from 0 pips to almost 10 pips. Even the market is quiet, there is no significant news but the spreads keep floating. Horrible, I should have known better about ForexChief before make deposit again here.
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Author of ForexChief: Representative ForexChief | Date 2018-11-18
Dear pipnono, We would appreciate if you prove your words or at least,that you are our client ,maybe your account or transaction numbers . Otherwise it looks like the unfair competition from the paid inventor. Best regards, Representative ForexChief .
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Author of ForexChief: Cuhina_TL | Date 2018-08-30
I've been dealing with ForexChief 23 days. Last week they blocked my account and send me an email that they due to system abuse they block my account. The main issue was I opened an order on USD/CHF pair and closed with the 41 pips profit less than 5 minutes. They said if I wanted to keep trading on their system I would have to hold trades for at least 5 minutes. If they do not allow scalping then they might able to cancel this trade but why they disable my account. Does it make any sense? I have around $350 in this account. I am very worry about it.
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Author of ForexChief: Representative ForexChief | Date 2018-11-18
Dear Cuhina_TL, We would appreciate if you prove your words or at least, that you are our client , maybe your account or transaction numbers. Otherwise it looks like the unfair competition from the paid inventor . Best regards, Representative ForexChief.
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Author of ForexChief: AleeAnees | Date 2018-04-25
Nowadays I have left ForexChief and afraid to deal with them in a Classic plus account. Also, I think my $200 investment isn't safe, As I had lost $72 due to the horrible MT4 terminal. I am preferring auto-trading, But suddenly the platforms hang for 5 to 10 minute, so my expert advisors/EAs failed to works. While manual trading is also impossible with them, As no order executed on time. Finally, I am unable to trade with them and withdrawn my rest investment. Really my trading experience was too bad with ForexChief.
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Author of ForexChief: Representative ForexChief | Date 2018-11-18
Dear AleeAnees, We would appreciate if you prove your words or at least,that you are our client ,maybe your account or transaction numbers . Otherwise it looks like the unfair competition from the paid inventor. Best regards, Representative ForexChief .
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Author of ForexChief: Representative ForexChief | Date 2018-03-16
Dear AhmedNashy, We would appreciate if you prove your words or at least,that you are our client ,maybe your account or transaction numbers . Otherwise it looks like the unfair competition from the paid inventor. Best regards, Representative ForexChief .
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Author of ForexChief: Representative ForexChief | Date 2018-03-16
Dear Inkesterio89, We would appreciate if you prove your words or at least, that you are our client , maybe your account or transaction numbers. Otherwise it looks like the unfair competition from the paid inventor . Best regards, Representative ForexChief.
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