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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 The Bonus can be withdrawn without restrictions after the completion of trading turnover.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 1988)
Author of ForexChief: Niko Jilch | Date 2022-11-15
I say, ForexChie has poor execution on the Mt4 platform and their service is the worst. Also, their spread doesn’t suitable for scalpers. As Always my position went slippage and I found a fake price quote, which is a different rate from the live market. So I have decided to withdraw my money and I think investing is risky with the ForexChie broker.
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Author of ForexChief: Segoro | Date 2021-10-14
Like to trade with ForexChief, they are one of the reliable brokers with a good connection, and they could provide good trading facilities for traders who have joined with them. They prepare everything well, ForexChief is equipped with features that support trading in the technology era like today. I could trade anywhere by using my smartphone because their feature in a smartphone is excellent, their connection is good and it makes me always get profit when trading using a smartphone, so I don't need to bring a laptop everywhere I go to keep watching the market anytime, very efficient. Thumbs up for ForexChief.
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Author of ForexChief: Operax | Date 2021-10-05
Honestly, ForexChief’s server has huge delays when executing an order. Disconnected with platform is usually. Their price feed and chart is totally different from other brokers. I complaint many times, but they say that its technical problem. I am looking for broker with better spread to do scalping trades.
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Author of ForexChief: Tasos | Date 2021-07-27
The payment transactions at ForexChief are very efficient. I have been with this broker for a few years already so I made a number of withdrawals and deposits as well. The transaction duration takes only up to 48 hours and there are no hidden charges at all.
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Author of ForexChief: Sean | Date 2020-09-22
I have been trading with ForexChief for six months and they always provide the best service. I can say that trading with ForexChief is very profitable because they have a good trading platform with fast execution and low spreads. They have minimum $1 account size, which was affordable for me and I finally earned stable profit. I've calculated my profit since I joined them, it's been around $1000. They also process my withdrawal requests fast, I always get the money within 3 hours via MasterCard with no commission fees they take. As far as I know, ForexChief is an honest broker.
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Author of ForexChief: Oliver | Date 2020-08-13
Still the hardest possible broker in the world to withdraw from. I also noticed that this broker has the most huge spreads. I won't recommend them to anyone. I feel dissapointed trading in this broker because their spread is too high and didn't suitable with my money.
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Author of ForexChief: Othinel | Date 2020-06-09
I used ForexChief five months ago they are very bad broker. In important news event, I have just experienced upto 120 pips spike on several trades. Also during news time, they started to block the possibility to close my position when it was a making profit. So I advice do not use this broker. I waste my five months with ForexChief broker.
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Author of ForexChief: Crisanto | Date 2020-05-07
This broker is absolutely nothing. No trading contests for all traders. Lacks a lot of good indicators traders could use. In this case if you have a system with exotic indicators, chances are this broker is not for you. I have been trading with them and continuously lost $227 dollars for above issue. They always delay my payment when I requested a withdrawal through Qiwi.
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Author of ForexChief: Naomi Fuller | Date 2020-04-14
It seems to me that one of the things that I think is most valuable about forexchief is its data encryption, I am quite careful with the security of my accounts and that gives me the peace of mind that I need to operate with confidence.
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Author of ForexChief: Erin Richards | Date 2020-02-17
When I started my forexchief demo account I realized how versatile it is to invest in dollar cents accounts, to gain enough confidence to start making larger investments little by little, and multiply my income.
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