ForexChief reviews, forexchief reviews.

Forexchief reviews


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

Free forex bonuses


ForexChief reviews, forexchief reviews.


ForexChief reviews, forexchief reviews.


ForexChief reviews, forexchief reviews.

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


Forexchief reviews


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


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


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


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


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


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


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


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



Forexchief


Forexchief - is an international brokerage company providing trading services on the forex in 2014. The brand is owned by forexchief forexchief ltd., operating in accordance with the license dealer in securities, issued by the financial services commission in vanuatu (VFSC), the company's head office is located in singapore. Forex trading is based on the model of STP / NDD, eliminating conflicts of interest between traders and dealing center, as well as significantly improves the terms of trade due to the high speed order execution and tight spreads. However, this model is valid only for accounts MT4.Classic + and MT4.Directfx, on application cent accounts do not appear on the interbank market, the second party to the transaction is a dealer. Besides forexchief broker offers the following trading conditions:



  • The minimum deposit - $ 1;

  • Leverage up to 1: 400;

  • Market spreads from 0 pips;

  • Total absence of re-quotes;

  • Segregated account;

  • Allowed scalping and trade advisors.



Broker forexchief


Forexchief the company provides the following services:



  • Trade on forex (40 currency pairs and 2 metals);

  • Trade through the most popular trading platform MT4;

  • Supported mobile trading;

  • No deposit bonus - welcome bonus $ 20;

  • Bonuses for the turnover;

  • Copy service transactions;

  • A weekly analytical reviews;

  • Trader's library;

  • Technical support;

  • Affiliate program.



Conclusions


Thus, forexchief is a promising young broker, who in the future can take its rightful place among the other brokerage firms. Of the minuses company registered in an offshore zone, so VFSC license can not be regarded as a pledge of reliability of the broker. The company also forexchief no instruments for investment, such as the PAMM-account or asset management, and the number of trading instruments are not so much. On the other hand, the company forexchief ltd. Understands that enter the market and take its place, it is necessary to provide competitive trading environment, attractive for traders, and is successfully deal with it. No minimum deposit, tight spreads, high speed performance, the existence of cent accounts and STP / NDD model - all this makes trading in forex is very attractive. If we analyze forexchief reviews on various resources, it can be concluded that the broker successfully cope with the tasks assigned to commit - the deal opens quickly spreads do not widen, the terminal does not hang, money derived without delay. However, different quotes from other brokers, but it's all because of various liquidity providers. In general, forexchief broker deserves attention.



Advanced platforms


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


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


Trading credits


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


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


Turnover bonuses


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


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


Copy trading


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


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


Partnership


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


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


Liquidity provider


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


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


Regulated & licensed


Metatrader 4 and 5


Wide range of contracts


Aggregated liquidity


Bonus programs


Partnership


Bonuses and promotions



  • Analog of "bonus for deposit"

  • Increase the amount of funds in the account

  • Opportunity to receive up to 20,000 USD

  • Perpetual and interest-free

  • The profit can be withdrawn without restrictions

  • No hidden conditions, can be opt out anytime



  • Analog of rebates and cashback

  • Progressive remuneration scale

  • Credited automatically

  • Can be withdrawn anytime without restrictions

  • Excellent opportunity for additional income



  • The bonus is credited automatically upon the first deposit

  • The maximum bonus is equal to $500

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

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

  • Welcome bonus has unlimited duration


Account types


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


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


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


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


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


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


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


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


Deposit and withdrawal


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


Company news


Analytics


Quotes


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



Forexchief review


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 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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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.Com review


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


ForexChief.com


ForexChief.com


Broker details


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

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

Live discussion


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Let other traders know if this service is worth checking or should be avoided.


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


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


Reply by forexchief submitted jan 20, 2021 dear mamary


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



Форекс чиф (forex chief): отзывы реальных трейдеров и независимые оценки, описание


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Общая информация о forexchief



  • Статус: рекомендованный брокер

  • Год основания: 2014

  • Регуляция и юрисдикция: dealer in securities (principal’s license) выданная комиссией по финансовым услугам VFSC

  • Партнерская программа: есть

  • Особенности компании:



  • Адрес: 1276 kumul hwy, 1st flr govant bldg, port vila, vanuatu

  • Телефон: 8 800 500-79-54

  • E-mail: [email protected]


Торговые условия forexchief



типы счетов: MT4.Directfx, MT4.Classic+, cent-MT4.Directfx, cent-MT4.Classic+, MT5.Directfx, MT5.Classic+, cent-MT5.Directfx, cent-MT5.Classic+
минимальный размер счета: 50 USD
минимальный размер сделки: 0.01
спреды: рыночный от 0 пунктов
способы расчетов: банковский перевод, visa/mastercard, bitcoin, QIWI wallet, яндекс.Деньги, webmoney, skrill, neteller, perfect money
ПО для торговли: metatrader 4, metatrader5
инвестиционные программы: копирование сделок
бонусы и конкурсы: есть
BITCOIN ФОРЕКС БРОКЕР НЕТ

О компании forexchief


Мы рады представить вам обзор компании forexchief, в котором выясним, что же из себя представляет компания и расскажем о преимуществах данного брокера, а также вашему вниманию forexchief отзывы, чтобы вы могли оценить его надёжность и понять forexchief развод или нет?


Торговая марка forexchief принадлежит компании forexchief ltd., регистрационный номер 14777, учреждённой по законодательству республики сингапур. Базовой концепцией проекта является создание универсальной площадки для онлайн-трейдинга валютными контрактами и драгоценными металлами на условиях «margin trading». В основу технологической инфраструктуры проекта заложена модель STP/NDD, позволяющая не только избежать конфликта интересов между компанией и клиентом, но и в целом повысить качество сервиса за счет узких спредов и высокой скорости исполнения торговых приказов.


В качестве базовой платформы forexchief предлагает metatrader 4 – самую популярную торговую платформу для форекс-трейдинга. Отдельно стоит обратить внимание институциональных клиентов, предоставляющих брокерские услуги, на STP-шлюз, интегрированный в metatrader 4 и позволяющий с минимальными трудозатратами подключить ликвидность через обычный торговый счет на платформе metatrader 4.


Особое внимание компания уделяет технической стабильности торговых серверов и программному обеспечению, которое предоставляется клиенту для проведения операций. Технологии, разработанные для агрегации ликвидности, также как и система их администрирования базируются на кластерных решениях, что позволяет поддерживать высокий уровень надёжности при нестандартных нагрузках (особенно в случае большого количества клиентских приказов, поступающих на торговый сервер в момент публикации экономических новостей).


В линейке типов счетов forexchief присутствуют «центовые» счета (cent-MT4.Directfx и cent-MT4.Classic+), баланс которых превышает баланс стандартных счетов в 100 раз. Так, например, если трейдер пополняет центовый счет на 100 USD, то в случае успешного завершения перевода на счет будет зачислена сумма в размере 10 000 (т.Е. В 100 раз больше), поскольку валютой счета в данном случае является USD cents. «центовые» счета являются незаменимым инструментом как для новичков, чей опыт пока не позволяет инвестировать ощутимый капитал, так и для профессионалов, целью которых является отладка и тестирование торговых роботов в реальных рыночных условиях. Также данный тип счет дает возможность комплексно протестировать уровень дилинга в компании, при этом не рискуя крупным депозитом.


Важно отменить, что на контрагентов выводятся только клиентские ордера размером от 1000 ед. Базовой валюты, что соответствует 0.01 лота на счетах MT4.Directfx и MT4.Classic+. Таким образом, для всех ордеров, размер которых ниже 1000 ед. Базовой валюты, компания выступает в качестве дилера («второй стороны» сделки).


Благодарим вас за то, что прочитали обзор брокера forexchief. Очень надеемся, что наш обзор и отзывы о forexchief пользователей рейтинга будут для вас полезными.



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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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


Forexchief - is an international brokerage company providing trading services on the forex in 2014. The brand is owned by forexchief forexchief ltd., operating in accordance with the license dealer in securities, issued by the financial services commission in vanuatu (VFSC), the company's head office is located in singapore. Forex trading is based on the model of STP / NDD, eliminating conflicts of interest between traders and dealing center, as well as significantly improves the terms of trade due to the high speed order execution and tight spreads. However, this model is valid only for accounts MT4.Classic + and MT4.Directfx, on application cent accounts do not appear on the interbank market, the second party to the transaction is a dealer. Besides forexchief broker offers the following trading conditions:



  • The minimum deposit - $ 1;

  • Leverage up to 1: 400;

  • Market spreads from 0 pips;

  • Total absence of re-quotes;

  • Segregated account;

  • Allowed scalping and trade advisors.



Broker forexchief


Forexchief the company provides the following services:



  • Trade on forex (40 currency pairs and 2 metals);

  • Trade through the most popular trading platform MT4;

  • Supported mobile trading;

  • No deposit bonus - welcome bonus $ 20;

  • Bonuses for the turnover;

  • Copy service transactions;

  • A weekly analytical reviews;

  • Trader's library;

  • Technical support;

  • Affiliate program.



Conclusions


Thus, forexchief is a promising young broker, who in the future can take its rightful place among the other brokerage firms. Of the minuses company registered in an offshore zone, so VFSC license can not be regarded as a pledge of reliability of the broker. The company also forexchief no instruments for investment, such as the PAMM-account or asset management, and the number of trading instruments are not so much. On the other hand, the company forexchief ltd. Understands that enter the market and take its place, it is necessary to provide competitive trading environment, attractive for traders, and is successfully deal with it. No minimum deposit, tight spreads, high speed performance, the existence of cent accounts and STP / NDD model - all this makes trading in forex is very attractive. If we analyze forexchief reviews on various resources, it can be concluded that the broker successfully cope with the tasks assigned to commit - the deal opens quickly spreads do not widen, the terminal does not hang, money derived without delay. However, different quotes from other brokers, but it's all because of various liquidity providers. In general, forexchief broker deserves attention.





So, let's see, what we have: forexchief reviews will help you to chose the right broker. All pros and cons in forexchief reviews. At forexchief reviews

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