Company Profile, forexchief account types.

Forexchief account types


The company pays special attention to the technical stability of the trading servers and software that is provided to the client for trading operations.

Huge forex bonuses


Company Profile, forexchief account types.


Company Profile, forexchief account types.


Company Profile, forexchief account types.

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). 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.


Company profile


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.


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).


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).



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


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


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.


If you are looking for a decent broker that gets the job done, forexchief is the real deal. This is a small broker but have built a good reputation here. I love it. I am doing this review due to personal experience of 1 year as a trader with this broker. With it comes to finances, they are committed to making sure I get my money at exactly when I need. No issues when it comes to my money. My last withdrawal was done last month. I am planning another by the end of this month


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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 – 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 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


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 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 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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5 Pips A Day


5 pips A day


Get my free forex robot!


Sign up now and receive instant access to my free forex robot download with over 40 technical indicators and 11 candlestick patterns built in. *please use a real email address as you will be sent the download link*


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Pages



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  • Forex trading tool ratings

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  • Forex signal ratings

  • Forex trading course reviews

  • Forex trading course ratings

  • Contact me

  • Privacy policy

  • Terms & conditions


Categories



  • Forex brokers

  • Forex robots

  • Forex signals

  • Forex trading courses

  • Forex trading guides

    • Forex analysis

    • Forex basics

    • Forex indicators

    • Forex strategies

    • General trading

    • Trading psychology

    • Trading software



  • Forex trading systems

  • Forex trading tools


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  • What are the challenges faced by bitcoin and its users and need to be overcome?

  • Forex robotron review

  • Forex cyborg review

  • Forex scalping EA review

  • Forex flex EA review


All information on the forex geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the forex geek and any authorized distributors of this information harmless in any and all ways. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. 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. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.



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 – 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 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


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 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 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


Best forex robots


Forex Robotron


Forex robotron


Forex Cyborg


Forex cyborg


Forex Flex EA


Forex flex EA


Forex Scalping EA


Forex scalping EA


5 Pips A Day


5 pips A day


Get my free forex robot!


Sign up now and receive instant access to my free forex robot download with over 40 technical indicators and 11 candlestick patterns built in. *please use a real email address as you will be sent the download link*


Best forex brokers


Pepperstone


IC markets


Pages



  • Best forex robots 2021

  • Forex robot reviews

  • Forex robot ratings

  • Free forex robot download

  • Best forex brokers 2021

  • Forex broker reviews

  • Forex broker ratings

  • Compare forex brokers

  • Forex trading system reviews

  • Forex trading system ratings

  • Forex trading tool reviews

  • Forex trading tool ratings

  • Forex signal reviews

  • Forex signal ratings

  • Forex trading course reviews

  • Forex trading course ratings

  • Contact me

  • Privacy policy

  • Terms & conditions


Categories



  • Forex brokers

  • Forex robots

  • Forex signals

  • Forex trading courses

  • Forex trading guides

    • Forex analysis

    • Forex basics

    • Forex indicators

    • Forex strategies

    • General trading

    • Trading psychology

    • Trading software



  • Forex trading systems

  • Forex trading tools


Recent posts



  • Bitcoin VS forex – which one is the best option

  • Cedarfx lends support to combat climate change

  • Cedarfx review

  • Bitcoin exchange: what to consider for choosing the right bitcoin exchange?

  • The different methods to acquire bitcoin

  • What are the challenges faced by bitcoin and its users and need to be overcome?

  • Forex robotron review

  • Forex cyborg review

  • Forex scalping EA review

  • Forex flex EA review


All information on the forex geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the forex geek and any authorized distributors of this information harmless in any and all ways. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. 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. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.



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


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 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


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


ForexChief Review: Trading Platforms


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


Social trading


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


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: 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 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: 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


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.



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


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


Sorry for my english, i'm not a native speaker, so it's not ideal.


I need to tell to everybody that this broker is not so good, as you can see for a first view.


I trade with forex chief for a 6 months, and it looks like everything is nice. But than I want to withdraw my money, and support team explain me, that I have to pass verification by sending different documents.


After that I create a withdrawal request and waiting my money for 3 weeks till now.


I'm not sure that I can got my money back, because every time I ask support team about my money-they answered that I should wait a bit more.


Be careful with this broker.


What they offer is exactly what is written in their website. I have noticed the spreads are even lower. There have been a couple of platform freezing when there is important economic news update. Still, my overall experience with the broker is positive. I am a part time trader so I don't do many trades. I prefer waiting for critical news events and take advantage of the rush. They offer 1:400 maximum leverage and their execution speed is damn fast.


I'm trading with forexchief for 3 years, didn't got any problem till now. They providing fast withdrawal system and low spread. You can try this.


We believe that forexchief has the best order execution time on the market. It’s very difficult to believe that you have faced with delay 15 sec… please provide us orders number, so we could check your words in reality


Basically, I liked their spreads. Perhaps this is all that can be said about their advantages. What has spoiled my trading is their enormous delays in execution that made almost nothing out of my strategy. It is terribly irritating to order a trade and watch about 15 seconds until it opens. When it is finally opened, there is already comparatively considerable loss. This happens time by time so all you get is disappointment instead of effective trading. I am a fan of short term trades but such problems with execution speed makes such brokers disgusting for me. While order closing, execution is not much faster and slippage gives hits. I am disappointed with this company.


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Forex brokers lab


BROKERS with LOW SPREADS


ASIC REGULATED BROKERS


BROKERS with MINIMUM DEPOSIT


BEST FOREX BONUSES


Regulators : VFSC


Cryptocurrencies: YES


Minimum deposit: $100


Maximum leverage: 1:400


Spreads: low


My score: 2.6


Today, I’m going to introduce you to forexchief. The broker established in 2014 and based 1276 kumul hwy, 1st flr govant bldg port vila, vanuatu. Forexchief has offices in switzerland, singapore, south africa and nigeria.


Furthermore, forexchief is an offshore broker and I will give more info about it in the regulation section.


In this forexchief review, you will learn is forexchief scam or not. Moreover, what are the account types of the broker? How good is forexchief trading conditions such as spreads, leverage, minimum deposit and bonuses?


Don’t open a trading account before reading the most detailed forex chief review on the internet!


Forexchief regulation and investor protection


As I said on the first part of the review, forexchief is an offshore broker and licensed by the vanuatu financial services commission as a dealer in securities (principal’s license).


The company behind the broker is forexchief ltd. (company number 14777).


Whereas, the vanuatu license may be partly acceptable but it is not giving much confidence. For reason of that, I can say the minimum capital requirements.


I think forexchief have chosen to register in vanuatu because of the minimum capital requirement is only $2,000.


It doesn’t cover any compensation when clients have a complaint against the broker. Also, it is hard to seek legal recourse when the broker based offshore.


After talking about the regulation let’s continue with another section.


Account types and spreads


Forexchief offers its clients four account types. These are MT4.Directfx, MT4.Classic+, cent-MT4.Directfx, and cent-MT4.Classic+. You can choose also the MT5 version there are not any differences between them.


As you see in the table below, each account can be opened with a minimum deposit of $100 (or equivalent) in the following currencies – USD/CHF/GBP/EUR/JPY.


Account type minimum deposit maximum leverageminimum trade sizeaverage spreads (& commission)
MT4.Directfx$1001:4000.010.4 pips +$15 per 1 mln. USD
cent-MT4.Directfx$1001:4000.010.4 pips + $15 per 1 mln. USD
MT4.Classic+ $1001:4000.010.7 pips
cent- MT4.Classic+$1001:4000.010.7 pips

There are differences in spreads among account types. The cent-MT4.Classic+ and MT4.Classic+ accounts have no commission. Spread for the MT4.Directfx and cent-MT4.Directfx accounts start from 0 pips; and for others, from 0.3 pips.


Commission for the MT4.Directfx and cent-MT4.Directfx is $15 per 1 mln. USD.


The maximum leverage is up to 1:400 and minimum order size is 0.01 lot for all accounts. Besides, expert advisors and scalping are allowed with the broker.


Trading platforms


Forexchief provides the metatrader 4 platform which is the most popular platform among the brokers and traders.


Also, the metatrader 5 is available which the new version of the MT4 is. You can use both platforms on desktop, ios and android devices.


So, the reasons why MT4 is so popular are intuitively understandable interface, embedded programming language MQL 4, a wide variety of indicators and tools for technical analysis, direct market access through MT4 bridge technology.


However, MT5 has the MQL5 programming language, code base technical indicators database, strategy tester, application store, a wide range of tools for DMA/STP.


Trading instruments


Forexchief offers 50+ forex pairs, metals, commodity cfds, stock, index and cryptocurrencies. Precious metals are silver, gold, palladium and platinum. Commodities are brent crude oil, US natural gas and WTI crude oil.


The cryptocurrencies offered by forexchief are bitcoin, bitcoin cash, ethereum, litecoin and ripple.


Customer service


Honestly, I didn’t like the website, www.Forexchief.Com, of the broker design. It looks like very amateur. I think the designer wanted to compare it to the financial times website.


Despite the website does not give a positive impression, they have a variety of live chat options. While many brokers don’t offer live chat, these options are a massive advantage for forexchief.


The website supports english, russian, indonesian, chinese, spanish and more.


Company Profile, forexchief account types.


Forexchief bonus


The broker offers two bonuses: welcome bonus and turnover bonuses.


Forexchief’ welcome no deposit bonus $100 allows you to check the company’s services and test the trading strategy chosen. You can get no deposit bonus forex on your account automatically, no personal documents for verification required.


Of course, there are terms and conditions and forexchief have created a complete video-tutorial for you, which explains in details the whole procedure of obtaining the forexchief bonus.


Turnover bonus allows active traders to earn additional income in the form of weekly rewards for trading turnover. The program operates in automatic mode and does not require any actions in the personal area for activating this service.


By the end of each week, weekly trading turnover is calculated, and the appropriate bonus is credited to the trading account. The bonus program’s distinctive advantages are its lack of secret terms and conditions, progressive rates, weekly payments, lack of MTP, and unlimited withdrawal.


You can see the examples, bonus terms and conditions here.


Deposit and withdrawal methods of forexchief


There are a variety of deposit and withdrawal options offered by forexchief. Deposit options are bank wire transfer, local transfers (china, indonesia, and nigeria), credit / debit cards, electronic payments such as bitcoin, skrill, neteller, webmoney, perfectmoney, fasapay and qivi wallet.


ForexChief deposit


It is good to have these kinds of deposit and withdrawal methods for this broker. Because many other offshore brokers don’t provide as much as forexchief.


Transfer time of the withdrawal methods should be better. It takes 3-5 business day when you use bank wire transfer. It takes 3 business day with credit / debit cards and 1 business day e-wallets systems.


Also, there are commission and fees some methods. You can check them on the picture above.


If you want to deposit and withdraw your account without any problem I recommend to trade with a broker who is in my top forex brokers list.


Conclusion


Unfortunately, my impressions about forexchief are not positive at all. While account types, trading conditions, withdrawals and deposit options are positive, on the other hand, my main concern with the broker is loose regulation.


I would advise you to trade a forex broker who licensed in UK, or cyprus for instance, where regulation is strict and there are compensation schemes, which will protect your money if your broker becomes bankrupt.


At the end of my word, you can check out the pros and cons of the broker on the bottom of the page.



Forexchief – welcome bonus $100


Forexchief


Promotion name: welcome no deposit bonus $100


How to get:
1. Open a standard live account (MT4.Directfx or MT4.Classic+).
2. Install on your mobile device the welcome bonus application from app store or google play.
3. Scan the QR code located in the personal area.


Withdrawal requirements:
in order to withdraw the bonus and profits you must obtain trading turnover of at least 10,000,000 USD (50 round turn lots). Maximum profit that you can withdraw is $100.


More information:
the welcome bonus has unlimited duration.
It is strictly prohibited re-getting welcome bonus.


Information about the broker:
forexchief is a broker licensed by the vanuatu financial services commission. The broker has offices in vanuatu, switzerland, singapore and nigeria.


Promotion valid: the promotion is over.


Do you recommend this bonus?


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72 COMMENTS


I like that forexchief allows me to have in its app and web platform a detailed history of all my orders, transactions, among others … that is great not to have many complications to make my detailed inquiries


I like the forexchief affiliate program, it allows me to have a constant income, and this broker does not have an mtr, that is, it has no minimum opening or closing price, which seems to me to be something of the most advantageous to work comfortably.


I like forexchief because it has a wide variety of technical analysis that allows me to get the most out of the assets I have invested and leave a good profit margin.


Although it could be improved, it seems to me that forexchief is a super complete and intuitive broker, it has tools with a very low margin of error and it is appreciated.


When I started my forexchief demo account I realized how versatile it is to invest in cent accounts, to gain the confidence to start making bigger investments little by little, and multiply my income.


Forexchief has an MT4 / 5 platform that according to what I have been researching is quite popular in the market, I have been using their mobile terminal for ios and androit, so I stay active no matter where I am.


I like that forexchief thinks about its users and keeps them informed with economic and financial news within the terminal, that helps a lot when making decisions, regarding what is invested and what is not invested.


I like their platform, it is modern and easy to understand, the tools they provide are very up-to-date even in their app. I am with them for their low commission and for their ideal commercial credits for when I see good investment opportunities


From forexchief I would like to highlight its indicators, scripts, robots and utilities, accurate as well as easy to understand, I have already been able to withdraw through neteller quickly and safely


I feel very comfortable working with forexchief and I can do practically everything from the app, ideal for following up and keeping an eye on opportunities.


I like to think that we all have the option of being successful, so I did not refuse to try the forexchief broker when they recommended it to me, I started with very little, to minimize losses and now that I have been practicing ordering and managing the deposit for a while , withdrawal of funds and handling of the platform I feel that it will go very well, I am happy with its operation


I am a trader and entrepreneur I like to study ways to grow my money and it can be said that with forexchief I have learned to make good decisions thanks to your commercial signals, your technical support has also been very useful to me.


I like that when I open the forexchief app I can make transactions directly from the graph of the trading instrument, which seems really practical when I want to manage my orders


I like to invest 10% of my earnings in forexchief because I like to be proactive in my finances, also with the tools that it provides me it makes it much easier to make my entries


Excellent tools and scripts, useful as well as accurate help me a lot to make my posts


Hello everyone, I will give you my experience with the forexchief broker, at the beginning I was disappointed that I did not qualify in the initial bonus, but I kept working it, its leverage system was what hooked me, I still use it and it has become a great ally of my finances.


I like the forexchief app that has access to all the forex brokers that are licensed by the company metaquotes, to consult them on the comfort of my smartphone


So far I have been deposited $ 100 through skrill’s electronic wallets. If I faced any kind of problem or didn’t understand something, I just contacted the helpdesk and they quickly solved my problem. Sometimes I visit the youtube channel of forexchief to expand my knowledge of forex trading that I need, since I am something new … there are analysis and trading signals, market reviews, free FX signals, technical analysis, economic calendar and many things that gave me knowledge, I think forexchief is a very professional agent


My opinion on forexchief is positive, I have been able to use my trading bots with them, the MQL4 built-in programming is the most recommended by experts to generate trading signals and trading robots.


When I started with forexchief I qualified for the welcome bonus and it is something that helped me a lot when making better tickets, besides the low commission is something that helps me generate income when I make low entries.


I like to be sure when it comes to investing and because I like to have a demo account to make transactions in cents, it gives me the security I need when investing in my main account. It is possible to say that it is a broker that fulfilled my expectations


I like forexchief because it has a wide variety of technical analyzes that allow me to take full advantage of the assets I have invested and leave a good profit margin.


It is recommended that you include the currency exchange icon or pair for when we are operating it is easier for us users, that is my observation of forexchief


Making entries is very comfortable with forexchief because of the simplicity of its interface and I can quickly connect even when the connection is low, it has good leverage and very useful tools.


The function of the metatrader 4 application for ios allows the broker to receive the information in real time from the financial markets, that is very useful for me, that’s why I use forexchief.


I think it is important that forexchief gives me access in your app and web platform a detailed history of all my orders, transactions, among others … that is fantastic not to have many complications to make my detailed inquiries and then fill my journal of investment movements.


Am new to forex and forexchief was my first broker. Why I choose them I don’t know but their 500$ attracted me. So I deposited $500 and got another 500$ free as bonus. They said I can withdraw it anytime. I was not interested in withdrawing yet, just want to trade and make profit. So after a few profit I placed withdraw form, and I got money in 10 hours. This is my first testimony. Very fast broker in everything


Thank you for this review. I did not know this until I read your comment. I deposited $200 and I got $400 in my account balance. The terms are easy to withdraw with this new bonus. I love it. My colleagues made very positive comments about forexchief, that is why I decided to trade with them. They were right all along.


I created a demo account out of curiosity and it should be noted that I do not expect that I had such good advice, I think to create a main account after practicing a little how to make my movements when investing, and try everything that forexchief has to offer me.


One of the positive aspects that I have been able to observe in forexchief, in the time that I have been using it is that they give you, in addition to the demo account, several types of options to choose from, between the mt4 / 5, classic or with a different aspect .


Nothing is more important in the investment of currencies than having an agent that provides serious and reputable support, which helps to make decisions with a cold mind and with less worries, so I use forexchief, it keeps me moving forward day by day.


Great bonus from a nice broker. I remember using this bonus back then. It was given to me after following the procedure. No ID needed. I have been using forexchief mt4 since then and its been perfect. I love and highly recommend this broker.


With my MT5 forexchief account, I was able to use a full range of commercial assets, currencies, spot metals, cfds on stocks, raw materials, among others … I can check this in the “single window” mode before investing or taking any action with my funds


The mt4 forexchief application allows me to track all my investments in real time, no matter where I check it, when I leave the university or in the comfort of my home, that is definitely a plus.


You have the possibility to sell your successful transactions as commercial signals, I feel very safe with forexchief because the withdrawal of money is fast and without problems.


I am starting with this broker, I have seen different opinions, I have not yet retired, but it seems that the leniency is legal, I recommended this agent in an economy forum that I frequent and at this moment I do not see anything strange. I opened a classic account


You have the possibility to sell your successful transactions as commercial signals, I feel very safe with forexchief because the withdrawal of money is fast and without problems.


I have got the bonus today. They allowed me to trade with it. There are no issues so far. I love this broker because they are true to their promises and have very good platform.


I’ve been with forexchief for 3 months, and I thought that their technical service is very attentive. Another thing I liked was the light, fast vps service with which I can access my information quickly from anywhere. I just need the internet.


What I like about the forexchief app is that it has access to all the forex brokers that are licensed by the metaquotes company, to consult them in the comfort of my smartphone


I think it is a good broker to start with because it gives you comfort when making decisions, that I think is an important commercial signal, technical support and tools available to have detailed information of commercial movements.


I got the bonus pretty faster than I expected. I thought I would have to submit documents first. I only scanned the QR code on my page and the bonus appeared in my account. It was awesome. 100USD just like that. I have been trading with that money; I have lost and gained, but yet to withdraw profit. Overall, the broker is a very nice platform to trade. Cool


Iam sure they are scam when i made $700 they block my account and cut my profit


Hello, I am trading with the bonus as well. I have made $200 profit and the broker told me I am free to withdraw the money. I have not withdrawn yet because I want my margin to remain at this level and grow it from there. My friend who introduced me was able to withdraw his money and he showed my proof before I agreed to use the bonus. Can you tell me what message they sent you?


Operating in intangible transactions such as, for example, investing in electronic currencies is a delicate matter and lends itself to many scams, forexchief has shown me that they are people of confidence and that at all times they are there to answer the doubts of their users.


Something that I think is very important when I subscribe to a service is that they have clear terms and conditions, the forexchief broker is quite specific with that area, they are quite responsible and the transactions in their platform are fast and effective.


The bonus was incredibly fast to get. This is the easiest bonus I have applied for. There were no rubbish rules and regulations. Now I am trading on a live account with the $100 in my account. Awesome.


Hello edwin…
I got 100$ bonus amount.. Now I still trade live account…. Today I earned total amount $298 …
how to withdrawal of the amount?


Guide me some information please sir…
email :
aalia8iqbal@gmail.Com


They are a promising company, I have been working for 3 months and their mt4 platform, enjoying their leverage system and low commissions, I went in to test if it was worth it and they have really given me a good surprise, I have already made my first withdrawal; forexchief is a good company


I feel comfortable with forexchief because I can make my tickets and follow them from the mobile to know when to remove them, I also have most of the tools from your app.


I was able to withdraw my bonus through skrill, I suppose some have not been able to do it because they do not comply with the broker’s requirements; forexchief is a responsible broker with low commissions that in my opinion are good


May i ask, how much did you make before withdrawal and how long did it take you to make it?


Getting the bonus was so easy. I think this is the quickest bonus I have got in a long time. I am so very happy that I was able to start a live account without depositing money to the broker. As a new trader, I am slowly making progress. The bonus is real and the terms stated that I can withdraw my profit after meeting the requirements. Depositing my own money is not one of the options. Thanks to forexchief.


I have alredy withdrawn my bonus, my expirience with forexchief has been good, so far they have been responsible and i feel comfortable in their platform, i do not think it will change broker yet


How much profit is withdraw-able from the $100 bonus ?


Do not waste your time. This is a very bad company. Even if you’re tired, they do not pay back. It says a variety of reasons


I traded with these guys. They are the best i have already seen. After attaining the terms and condition, i swiftly withdrew my $100


I have just received $100 is it really working


Trade 50 lost if have profit 500$ only can withdrawal 100$?


SCAAAM DNT WASTE YOUR TIME WITH THIS SHIT


Anyone who was able to meet the withdrawal requirements and was he/she able to withdraw after that.


Spent a lot of time searching for a normal broker. With previous companies, it felt like they were not entirely honest. In the disputed moments, these brokers refer to some additional rules. Now, trading a long time on their platform, I can recommend this broker. At the moment, I do not see the prerequisites to change this brokerage company to another.


Got a bonus through QR code from the first time. I heard that not everyone can do it. Not all phone models support their application. All conditions on the bonus fulfilled. I did not withdraw money from the deposit, because I decided to continue trading with them. Now the account MT4.Directfx is opened. I use the maximum available leverage – 1: 400.


Great bonus! I was looking for a new broker, since the old one had problems. I chose a brokerage company among those who have positive reviews. I chose forex chief because it was possible to check the platform, thanks to a free bonus of $100. In the end, I checked the broker and earned $100. Two in one! I stopped on this broker. I will trade EUR/USD and USD/JPY.


I like most of all that the broker does not shake his nerves when withdrawing funds. And the rest depends on the trader. You know how to trade – you will earn, you do not know how – you will lose. Conditions are adequate, in technical terms, too, everything is fine. So I can recommend with a clear conscience.


I recently started trading. Forexchief is my first broker. I registered because of the bonus. Still conditions in general were normal. The support service answers quickly, questions are resolved without excuses and delays. You can earn even a beginner if you do everything right. Money deduced on a card some times.


I got the bonus I’ll see how far we can go


I got the bonus I’ll trade with them and see


They stollen my profit,by withdraw their self,it is scam no deposit bonus


I really like the service that forexchief has lent me, it is a modern platform, the withdrawals that I have made have been quick and its commercial signaling system has been very useful for me, besides being able to buy more tools to facilitate my work.


I was a able to withdraw the profit I made from the bonus. The broker screened my trades and allowed it, that I did not break any rule. Maybe you should have read the terms and conditions. I am still using forexchief and they have been a very good broker.


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