9.7/10
(88 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
    • Euro
    • Great Britain pound
    • Japanese yen
    • Swiss franc
    • United States dollar
  • 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

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

, Luxembourg.

My name is Mendy. I began trading with Forexchief 7 months ago. This is my first review of the broker. I am very happy with their platform. The mt4 servers are fast and no much slippage. I also enjoy the services from customer agents. They are always helpful.

, Australia.

Forexchief offers pure ECN account and spreads. The high leverage is a plus; every traders preference is low spreads and fast orders. This broker has made sure their mt4 process orders with top speed. This is the best I have seen so far. Well done guys!!

, Mariestad.

Forexchief has a very interesting contest called "Fast Warren". In this contest, you have to deposit 100 $ as a " Cent " and trade in two-week contest with any strategy or robot. If you can make the most profit or the biggest turnover, you can get a prize of up to 2100 $. If you do not win as the first person, Don't worry !!!! they will give a prize of up to 10 people. I forgot to introduce myself, my name is George and I have been trading full time for two years and I use Price Action strategy and use Forexchief services.

, Spain.

I was introduced to Forexchief by a guy from a forum. He wouldn't shut up about the broker so out of curiosity I registered. Now I see why he is always excited about using it. Forexchief lived up to the expectations. Fast withdrawal, high leverage, fast orders and more are some of the good qualities. I also introduced some of my friends to this broker. It is all good

, Germany.

The services that brokers provide may be a little similar, but each person's experience can differentiate one broker from another. The speed of deposit and withdrawal is very important to me. Some of withdraw methods in Forexchief broker should take a one business day, but you will be very surprised when you found that these payments will be confirmed within a few hours.

, Estonia.

Forexchief is a broker that charges commission and in other options takes money via spread. It is not the counterpart of its client. This is the kind of broker that one can succeed with since it does not trade against you. In fact, Forexchief is happy to see clients make profit as this will make them keep trading and paying commissions. The issue of stop loss hunting does not exist with this broker. 

, Argentina.

I am a new trader and Forexchief is my first broker ever. Many of my friends in Forex have been complaining about their brokers not allowing them to withdraw and also making them lose money. I don't have such a bad experience. Forexchief has been faithful to me and I have invited many of my friends to use it. This is a very good option. 

, Sweden.

I don't think I can use another broker as long as Forexchief remains operational. I have such great results using Forexchief as my primary platform. Trading is easy when the orders are opened and closed exactly at your entry/exit point. No delays, no slippage that kills. My profit is always sure of when I place a good trade. There is no freezing of platform or stop loss hunting for the past few months I have used this broker. It's amazing how such an underrated broker could perform well. 

, NG.

I chose Forexchief specially for scalping and little crypto trading. I have carefully studied their trading conditions and I found them very suitable. They allow forex and crypto trading on the same platform, offer low spreads and an account without commission. A universal account is good for business. I can't say anything bad about the broker for now, as I am satisfied with their services

, 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.

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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.

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