ForexChief Broker Review 2022

Time to shape a stable trading career with the highly regulated ForexChief, With innovative trading platforms along with a wide range of trading accessories it's undoubtedly in your power to shine bright in your online trading career. Catch the complete ForexChief review now.

ForexChief

Regulated by (VFSC)

Overall Rating

5
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Introduction

ForexCheif is one of the widely known names among all the brokerages across the trading sphere. Possessing a lot of live trading accounts, the brokerage was fabricated back in 2014 and is located at Vanuatu while being regulated by VFSC under license number #14777.
 

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 are based on cluster solutions, where a high level of reliability under abnormal loads can be maintained.
 

Now, let's get a closer look at how the broker has won several awards as well as gained a HUGE takeover.

Broker Details

  • Minimum Trade Size: 0.01
  • Maximum Leverage: 1000:1
  • Minimum to Open Live: $10
  • Established: 2014
  • Address: 1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu
  • Contact: info@forexchief.com, +65 3159 3652
  • Regional offices: Nigeria, Singapore
  • Prohibited countries: USA
  • Trading platforms: Desktop, Mobile, MT4, МТ5
  • Web Trading: Yes
  • Mobile Trading: Yes
  • Currencies: (40+)
  • Cryptocurrencies: Yes
  • CFD: (15+) Gold, Silver, Stock Indexes, Oil, Other Commodities
  • EAs/Robots: Yes
  • News Spike Trading: Yes
  • Scalping: Yes
  • MAM: No
  • PAMM: Yes
  • ZuluTrade: No
  • Deposit Methods:

    Bank Wire (Bank Transfer), VISA, MasterCard, AdvCash, Alipay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney

  • Withdrawal Methods:

    Bank Wire (Bank Transfer), VISA, MasterCard, AdvCash, Alipay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney

Trading Conditions

ForexChief is offering three types of trading accounts to the retail market traders which include:


ForexChief broker offers various trading account types including; Direct, Classic, and Cent. Minimum deposit requirements across all accounts are $10 or equivalent currency. Base currencies vary between accounts but include USD, EUR, CHF, GBP, and JPY. Live/real account features include:
 

  • Direct Account
  • Classic Account
  • Cent Account


Note: The minimum trading volume is 0.01 lots and which is accounted for by all the trading accounts provided by ForexChief.


Besides, it's the spreads, available assets, and deposit amounts that make the actual variations between the trading accounts provided by ForexChief.


A minimum amount of 10 USD is required for the micro and ECN accounts. On the other hand, the PRO trading accounts require a minimum deposit amount of 500 USD.


Note: ForexChief also provides Islamic swap-free accounts so that Muslims all across the globe don't have to face any halal or haram-related delusions while trading.


Besides, ForexChief is known for providing up to 0 spreads, and living up to that expectation they are providing around 0.7 pips for EUR/USD, 2 pips for XAU/USD, 3.5 pips on NAS100, 3.1 pips for BTC/USD.

Apart from that, you'll also be getting fixed spreads accounts for MT4 trading accounts. As per the leverage, it's up to 1:100o for currency trading.

Products

ForexChief is not only known worldwide for its safe and secure trading environments, there's more to it than meets the eye!


As they also offer a wide range of market assets to trade on except cryptocurrencies which is undoubtedly a major drawback. But on the bright side the renders:


Metals: Speculate on silver and gold prices


Commodities: Crude oil and natural gas energies


Forex: 40+ major, minor and exotic currency pairs


Indices: trade global indices including FTSE 100, DAX40, Nasdaq, and S&P 500


Cryptocurrencies: 4 popular digital currency/USD pairs including Bitcoin, Ethereum, and Litecoin.


Stocks: trade shares of some of the world’s top companies including Amazon, Apple, Microsoft, and eBay


Access to assets varies by account type!

Regulation

ForexChief one of the best brokerages of the current time is empowered by one of the tightest regulatory bodies VFSC
itself. Besides, the brokerage is regulated under license number  #14777 which is operational at 1276 Kumul Hwy, 1st-floor Govant Bldg, Port Vila, Vanuatu.
 

Hold on a bit.. that’s not it!


Additionally, the broker does comply with client fund segregation and protection against technical faults. However, it may be more difficult to gain access to compensation through companies not licensed within your local jurisdiction. Levels of compensation are unclear, each case is to be reviewed separately.

Platforms

When it comes to trading platforms, ForexChief literally comes top of the list with their wide range of trading platforms which obviously includes:
 

  • MetaTrader4 
  • MetaTrader5
  • WebTrader


Let's break it down in a bit...


The MT4 trading platform is probably the most flexible and easy-to-use trading platform out there. It will give you access to use your personalized EA's, 30+ trading indicators, advance charts, and graphs, market trends, and much more!


Note: ForexChief only provides the MT4 trading platform to their non-EU clients.


On the other hand, the MT5 is available for all traders and it is known as the next-gen platform through its prominence performance and speed accuracy. In the MT5 you'll be getting 8+ pending orders, 44+ analyses, various trading indicators, trading calendars, trends, and much more!


Moving on, ForexChief also provides a web trader platform that is customized for both MT4 and MT5 trading platforms. Additionally, you'll also be getting access to cTrader which is specially designed for Forex and CFD trading. The platform contains 26+ trading charts, up to 70 types of technical indicators, more than 28 timeframes, and much more!

Mobile Trading

When it comes to mobile trading apps, ForexChief has opened a door to new possibilities. How?


Well, the CEO of ForexChief has ensured that they will provide a personalized trading app that goes by the name "ForexChief Mobile Platform" along with their other trading apps. In addition, they provide both the MT4 and MT5 trading platforms in their mobile trading app.


And guess what, the trading app is loaded with awesome and effective trading features including several trading indicators, technical analysis, one-touch execution, time frames, copy trade, social trade, economic calendar, and much more!


Apart from that, the mobile trading app of ForexChief comes with multi-language support along with a user-friendly and easy-to-use interface.

Bonus & Promotion

Like many other regulated brokerages, ForexChief also provides various trading bonuses from time to time. At certain time periods, ForexChief is providing 100% no deposit trading bonuses to its clients across the trading sphere.
 

Be sure to participate in all of them!

Deposits & Withdrawals

ForexChief is well aware of the fact that providing multiple transaction methods is quite significant. ForexChief does not charge a fee for deposit payments, except for some electronic solutions.
 

Third-party bank charges or exchange fees may apply. Minimum deposit requirements are $10 or equivalent currency under all account types. Base currencies vary between accounts but include USD, EUR, CHF, GBP, and JPY. 

 

Funding methods vary by local jurisdiction and include:
 

  • Bank Wire Transfer: 1-2 business day processing
     
  • Debit/Credit Cards & China UnionPay: instant processing
     
  • Electronic Payments: Skrill, Neteller, WebMoney (0.8% fee) and Perfect Money (1.99% fee)
     
  • Cryptocurrency: 8 digital currency coins including BTC and ETH. Processing after 3 confirmations completed
     
  • Local Transfer Solutions: includes Malaysia online banking and Mexico local solutions, instant transfer time withdrawals
     

On the other hand, withdrawals must be made back to the original payment method:
​​​​

  • Cryptocurrency: 1 day processing time, no charge
     
  • Bank Wire Transfer: 2 business day processing, no fee
     
  • Local Transfer Solutions: 2-7 business day processing, no charges
     
  • Credit/Debit Cards: 2-7 day processing time, minimum 2% commission, and $5 fee
     
  • Electronic Payments: Skrill (1 day processing, 1% charge), Neteller (1 business day transfer, 1.9% commission and $1 fee), WebMoney (0.8% commission), Perfect Money (0.5% commission)


Personal detail verification is required for credit/debit cards and bank transfer methods.

Customer Support

Reliable customer support is a must-have feature for a brokerage company in order to stay at the top of the race. Bearing that in mind, ForexChief also fabricated a 24/7 superactive customer support protocol.


Which can be accessed via a live chat system along with phone and email communication. And that's not all, their customer support comes with multi-language support including English, Portuguese, Spanish, German, Italian, and French.


Here's the contact info, in case you might need to contact them:


Phone number: +65 3159 3652 
Email address:  info@forexchief.com 

Research & Education

Forex education materials are a great way to find your way through this unstable at the same time volatile trading industry.
 

As it can help you to stay up to date with a lot of things. Respecting the significance of educational materials, ForexChief is committed to providing an effective and diverse learning center.


Where you'll find out numerous webinars, blog posts, analysis, trading tips, guide books, video tutorials, and whatnot! It is well organized and also made in using a user-friendly perspective.


So, the beginners could get a hold of everything that's been going on!


That's not all, for exclusive research purposes, you'll be given access to Forex calculators along with economic calendars.

Comparison

Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.

frequently asked questions

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Faraz Nigam

Faridabad , India
2022-03-02 05:16:45

Good Broker

  • Service use : Live
  • Length of use: More Than 1 Year

Have to admit that ForexChief creates good opportunities for the novice. But they should concentrate on deposit and withdrawal.

James M. Correia

Estcourt , South Africa
2022-02-21 10:28:49

  • Service use : Live
  • Length of use: More Than 1 Year

For me, Fresh forex worked as a reliable broker for many years by providing safe and secure funds. It also upgrades their features pretty now and then, which I also like.

Joshua M. Mosley

Kokstad , South Africa
2022-02-18 12:58:27

  • Service use : Live
  • Length of use: More Than 1 Year

ForexChief is a profitable deal for partnership programs. It provides so many opportunities for both traders and partners. Wish to stick with it.