On-line since: About company: Founded in 2014, ForexChief is an offshore broker working on STP/NDD model and licensed by the Vanuatu Financial Services Commission as a Dealer in Securities. It has offices in Singapore and Moscow and offers trading in forex and precious metals markets on the MetaTrader 4 platform. Vanuatu offers a variety of tax benefits, such as no income tax, no capital gains tax, and no inheritance tax. Besides, registration process for forex and binary brokers is fast and low cost. The company assures that it guarantees the safety of customer funds by segregation of clients’ and ForexChief’s accounts. ForexChief offers its clients 2 basic commission-free account types (MT4.Classic+ and cent-MT4.Classic+, and 2 accounts types with tighter spreads (from 0 pips), and commission (MT4.DirectFX and cent-MT4.DirectFX). All account types provide leverage up to 1:400, the opportunity to trade in micro lots and require minimum deposit of $1.The owner of any account can copy successful traders’ operations and sell their own trading signals. Like most brokers, ForexChief supports the most popular trading platform, MetaTrader 4 (MT4) available as desktop and mobile versions. It earned its reputation due to its ease of use and various useful functions that allow the traders not only to make transactions but also to analyze market dynamics, to automate their trades via a wide range of expert advisors and to back-test their strategies. This broker offers the $20 Welcome No Deposit Bonus. The Bonus can be withdrawn without restrictions after the completion of trading turnover. ForexChief Ltd provides traders with the opportunity to earn extra income by participating in affiliate programs White Label and Ib Pro. ForexChief offers its clients several payment methods: bank wire transfer, credit/debit card, and payment systems (Skrill, WebMoney, Yandex.Money, and Qiwi).
3/10
(votes 1991)
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xChief provides good cent accounts. I like this. My trading robots work very well on these cent accounts.
I've been trading with this company for six months, and so far, I haven't experienced any major issues. There were a few minor technical glitches, but the support team handled them promptly through live chat.
I've had a generally positive experience with xChief. While the broker isn't perfect and lacks stringent regulation, it consistently meets its obligations and provides competitive trading conditions. Their service quality rivals that of many popular broker. I haven't faced any major issues with trading or withdrawals.
The company has its pros and cons, but it stands out as more appealing compared to its competitors. I have withdrawn money multiple times without any issues.
So, I've been using the xChief platform for a while now, and I gotta say, it's not too shabby. Placing orders is a breeze - like, instant. And when it comes to scalping, it's smooth sailing with their EA. The fixed spread works in my favor, which is always a plus. I can withdraw my cash on the same day without any hassle. Overall, I'm pretty satisfied with xChief.
I have been using this broker for many years now, never had any problems, withdrawal has never been a problem and the support is always good, I don't want another broker yet.
I say, ForexChie has poor execution on the Mt4 platform and their service is the worst. Also, their spread doesn’t suitable for scalpers. As Always my position went slippage and I found a fake price quote, which is a different rate from the live market. So I have decided to withdraw my money and I think investing is risky with the ForexChie broker.
Like to trade with ForexChief, they are one of the reliable brokers with a good connection, and they could provide good trading facilities for traders who have joined with them. They prepare everything well, ForexChief is equipped with features that support trading in the technology era like today. I could trade anywhere by using my smartphone because their feature in a smartphone is excellent, their connection is good and it makes me always get profit when trading using a smartphone, so I don't need to bring a laptop everywhere I go to keep watching the market anytime, very efficient. Thumbs up for ForexChief.
Honestly, ForexChief’s server has huge delays when executing an order. Disconnected with platform is usually. Their price feed and chart is totally different from other brokers. I complaint many times, but they say that its technical problem. I am looking for broker with better spread to do scalping trades.
The payment transactions at ForexChief are very efficient. I have been with this broker for a few years already so I made a number of withdrawals and deposits as well. The transaction duration takes only up to 48 hours and there are no hidden charges at all.
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