9.7/10
(82 qualified reviews)
US Traders
  • Bonus offers
  • Trading contests
  • Free education
  • Personal manager
  • Managed accounts
  • Affiliate program
  • Islamic accounts available
  • Company ForexChief Ltd.
  • Founded in 2014
  • Online since 2015
  • Offices in
    • Nigeria
    • Singapore
    • South Africa
    • Switzerland
    • Vanuatu
  • Payment options
    Show payment options Hide payment options
  • Demo platforms
    • MetaTrader 4
    • MetaTrader 5
  • Account currencies
    Show account currencies Hide account currencies
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    • Ministry of Finance and Economic Management (Vanuatu), 14777
  • Website available in
    Show website languages Hide website languages
  • Support available in
    Show support languages Hide support languages
  • Support methods
    Show support methods Hide support methods
  • Trading server time zone EET
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.3
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $15
  • Commission (one-way) for CFD per 1 std. lot $15
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:1000
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.6
  • Minimum spread on EUR/USD, pips 0.3
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:1000
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.3
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $15
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:1000
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.6
  • Minimum spread on EUR/USD, pips 0.3
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:1000
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.6
  • Minimum spread on EUR/USD, pips 0.3
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:400
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 5
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Special notes MT5 hedging accounts available.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.3
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $15
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:400
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 5
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Special notes MT5 hedging accounts available.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.6
  • Minimum spread on EUR/USD, pips 0.3
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:400
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 5
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Special notes MT5 hedging accounts available.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.3
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $15
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:400
    • Gold & silver1:200
    • CFD1:50
    • Oil1:100
    • Metals1:200
    • Energies1:100
    • Cryptocurrencies1:10
  • Trading platforms
    • MetaTrader 5
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs (of which exotic) 62 (12)
  • Special notes MT5 hedging accounts available.
View contract specifications

Reviews

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

, Finland.

I decided to use Forexchief after seeing a couple of good reviews on earnforex. I needed a new broker where I can connect my mt4 robot without issues. From the start till now, I have received professional service from these guys. They are quick to pick up chat calls and emails. The server is faster than my previous broker, which is an added advantage. I have no complaints for now, I am a happy customer.

, Austria.

I trade with Forexchief because of its popularity on a particular forum I use. Many of the users are fixated on this broker. It is no surprise since they made registration and trading very easy. Minimum balance make room for small capital traders.

The trading conditions are favorable to small traders as well. Cheap trading, low spreads and no slippage execution is the reason I remain with this broker. It offer excellent services.

, forum.

The quality of service and trading conditions from Forexchief makes it among the best brokers on the market. I think this broker is under promoted, under rated too.

I am surprised it is not as popular as Interactive brokers. In addition, the speed of transferring funds to and from a bank account is reassuring. I like the structure in place. 

, Austria.

I signed up with Forexchief following a recommendation from my wife. My wife is an expert trader, I think she learned it while sitting at home doing nothing. Now she makes half of what I do from home. It's incredible. I am now involved too and it's been a thrilling experience. Forexchief has made everything very easy. We withdraw money with ease, same with deposit. I have recommended this broker to many of my colleagues. If you are reading this, I think you should give it a shot

, Italy.

I am a feminine forex trader with a very diverse trading style. Thankfully all my strategy sits well with Forexchief. I have made a number of successful withdrawals, all delivered in short time, without burdensome fees. The customer service treats me well, as I am familiar with some of them now. I hope this good relationship continues for a long time.

, Brazil.

Forexchief spread is very good. I am mostly trading USDJPY and EurUsd, where the spreads are 0.1 most of the time. Another good feature is the mt4 fastness. I open trades without re quotes or delays. The consistency of the platform executing orders at light speed is noteworthy. These two things are very important to me. Hence I will continue to use this broker as long as they continue this wonderful service.

, Denmark.

Many brokers offer instant deposit, but Forexchief does not charge a fee for it. When it comes to traders, there is nothing like spread manipulation or stop loss hunting, everything runs well. If you know how to trade and have a good plan, you will succeed with this broker.

, Mongolia.

If you are a new trader and need a broker who offers a micro account for practice purpose, this is it. Forexchief allows me to trade in cents, and as low as 0.01 micro lot size. I was also given a 500% bonus, which added to my practice money. This is on a live account. It is better to practice on a live account. This is the real deal

, Turkey.

I am very satisfied with Forexchief. They have given me very good trading conditions and withdrawal made via bank wire transfer usually processed within 48 hours. Their customers is always available and helpful. I truly recommend this broker. 

, Australia.

I think Forexchief is perfect for both experienced and inexperienced Forex traders. There is the beginner account type, and then there is the expert account type. Mt4 is the most friendly trading platform here, if you want to go higher, you can use the mt5. Both versions are available with Forexchief. They thought of everything to suit all kinds of traders. Lastly, there is no restriction of trading strategies. Scalping, hedging, news trading are all allowed. Perfecto 

, Nuuk, Greenland.

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

, Spain.

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

, Finland.

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.

, Belarus.

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.

, Sweden.

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. 

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.