ForexChief
Contact
xChief Ltd, Suite 925, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines
Regulatory & Licensing Information:
-
- Regulatory Authority: Vanuatu Financial Services Commission (VFSC)
- License Number: 14777
- Status: Active
Verification:
- Broker's Claims: ForexChief asserts that it is authorized and regulated by the VFSC, ensuring compliance with regional financial standards.
- Verified Information: Independent reviews confirm ForexChief's regulatory status with the VFSC. However, it's important to note that the VFSC is considered an offshore regulator, which may not provide the same level of oversight as top-tier regulatory authorities.
Regulatory Warnings:
- Issuing Body: None
- Date of Warning: Not applicable
- Details: There are no known regulatory warnings against ForexChief.
Client Feedback
ForexChief has received mixed reviews within the trading community. Some clients appreciate the broker's competitive spreads, fast execution speeds, and diverse account types. However, concerns have been raised regarding the broker's regulatory status and the level of client protection provided
Tags:
REGULATED BROKER , FOREX TRADING , MT4 , MT5
Account & Cost
| Trading Platforms | MT4,MT5 |
|---|---|
| Minimum Deposit | $1 |
| Deposit Options | Bank Transfer, Credit/Debit Card, E-wallets (e.g., Neteller, Skrill), Cryptocurrencies |
| Withdrawal Options | Bank Transfer, Credit/Debit Card, E-wallets (e.g., Neteller, Skrill), Cryptocurrencies |
| Max Leverage | Up to 1:500 |
| Minimum Trade Volume | 0.01 Cent Lot |
| Margin Call Level | Not specified |
| Stop Out Level | Not specified |
| Commission | NA |
| Spread Type | Floating, starting from 0.9 pips |
| Account Currencies | USD, EUR |
| Trading Instruments | 35+ Forex pairs, Metals |
| Special Promotions | N/A |
| Additional Features | NA |
| Customer Support | Available via phone, email, and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT4,MT5 |
|---|---|
| Minimum Deposit | $10 |
| Deposit Options | Bank Transfer, Credit/Debit Card, E-wallets, Cryptocurrencies |
| Withdrawal Options | Bank Transfer, Credit/Debit Card, E-wallets, Cryptocurrencies |
| Max Leverage | Up to 1:1000 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | Not specified |
| Stop Out Level | Not specified |
| Commission | NA |
| Spread Type | Floating, starting from 0.6 pips |
| Account Currencies | USD, EUR,GBP |
| Trading Instruments | 50+ Forex pairs, Metals, Commodities, Indices |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | Available via phone, email, and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT4,MT5 |
|---|---|
| Minimum Deposit | $50 |
| Deposit Options | Bank Transfer, Credit/Debit Card, E-wallets, Cryptocurrencies |
| Withdrawal Options | Bank Transfer, Credit/Debit Card, E-wallets, Cryptocurrencies |
| Max Leverage | Up to 1:1000 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | Not specified |
| Stop Out Level | Not specified |
| Commission | $5 Per lot |
| Spread Type | Floating, starting from 0.3 pips |
| Account Currencies | USD,EUR,GBP |
| Trading Instruments | 150+ Forex pairs, Metals, Commodities, Indices, Stocks, Cryptocurrencies |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | Available via phone, email, and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT4,MT5 |
|---|---|
| Minimum Deposit | $2000 |
| Deposit Options | Bank Transfer, Credit/Debit Card, E-wallets, Cryptocurrencies |
| Withdrawal Options | Bank Transfer, Credit/Debit Card, E-wallets, Cryptocurrencies |
| Max Leverage | Up to 1:1000 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | Not specified |
| Stop Out Level | Not specified |
| Commission | $6 per lot |
| Spread Type | Floating, starting from 0.0 pips |
| Account Currencies | USD, EUR, GBP, CHF, JPY |
| Trading Instruments | 150+ Forex pairs, Metals, Commodities, Indices, Stocks, Cryptocurrencies |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | Available via phone, email, and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
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