9.4/10
(46 qualified reviews)
US Traders
  • Bonus offers
  • Trading contests
  • Free education
  • Personal manager
  • Managed accounts
  • Affiliate program
  • 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 $100
  • 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
    • Forex1:400
    • 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 $100
  • 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 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 $100
  • 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 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 $100
  • 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 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 $100
  • 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 $100
  • 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 $100
  • 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 $100
  • 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

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

, Indonesia.

I like forexchief its low commission because it adapts to my investment style because I do not like to take significant risks and I like to be calculating in terms of my finances, that keeps my mind out of danger of overwhelming me.

, Skopje.

Registration was very easy with Forexchief. My account manager walked me through the process of adding funds to my account and setting up my mt4. Am already impressed with their services in less than 5 weeks. Am glad I selected this broker. I am working hard to grow my account, hopefully I'll get to cash out my profit soon.

, Ogun NG.

Hello, My name is Solomon, and I had an issue with Forexchief. There was an error in credit card deposit and my account was not credited. It turned out to be a bank error. I want to confirm that everything has been resolved. I have been refunded and I have successfully deposited money to my account. I am now trading with the broker and all is going well. I am pleased with their platform and trading conditions. I am also pleased with their customer agent who was nice and patient with my rants. Thanks

, Singapore.

Dear Solomon

As we explained you before, the payment was declined by bank acquirer, its not on our side. Then we have contacted with processing team and as we believe funds should have been already returned to your card.

BR

ForexChief Representative

, Ogun NG.

My name is Solomon and I have been using Forexchief demo for a while now. So two days ago I decided to step up my game by registering a real account and made a deposit of $250 by my bank Master debit card.

During the deposit there was an error. Before I could think of trying again, my bank account was debited, which means money has gone to Forexchief account, but my trading account remained blank for hours. I contacted Forexchief and they claimed the transaction did not succeed. How come my account is debited. Where is my money?

I called my bank and they said I should contact Forexchief. Is this broker a cheat? It's been two days now and my trading account is blank, my money is nowhere to be found. I need my money back. This broker is bad for business.

, Delta.

I got a welcome bonus of $500 without even funding my account. it's amazing, since I have been trading with it for three weeks now. I trade micro lots only, 0.01 precisely. I have traded with one other broker but lost my money. This is my second trial and am glad I have not taken any risk with my own money.

The platform operates smoothly, no freezing and my orders are executed fast. I will deposit more money once I feel am ready to do so. Am grateful for the welcome bonus.

, Singapore.

I like working with forexchief has many training materials, if I do not solve my doubts there I can go to the thematic forum and also implement various suggestions to invest successfully as the market moves, it is great!

, Venezuela.

I am a firm believer that we all have the option of being successful, so I did not close to the idea of trying the forexchief broker when they recommended it to me, I started with very little, to minimize losses and now that I have been practicing how to order and handle the deposit.

, Europe.

Hello! How are you? My experience with the broker has been good, I regret not being able to qualify for the initial bonus, but its low commissions and the ease of assigning orders make me want to continue with them, I made my first withdrawal and everything in order. I will briefly summarize my experience with Forexchief, I like the functionality of its mt4 platform and the speed with which orders, charges, deposits and investments flow, another thing that helps me is its leverage system to boost my movements.

, Singapore.

Dear Allah daad.

As we said you many times, Welcome Bonus $100 was closed at 11June 2019, and official news is placed on website

https://www.forexchief.com/about/news/welcome-bonus-500-06-2019/but using technical vulnerability you've got the bonus at 13 June 2019,after date when promotion is jver ..of course bonus was cancled ( and not just becouse company has such right ) but becouse such promotion WAS CLOSED at 11JUNE 2019lf you like bonuses so much, you cfn take Welcom Bonus $500.

Best regards, Representative ForexChief.

, Europe.

With forexchief I have a lot of tools and learning material that make me improve my investment skills day by day and that only means more money in my account, which is great.

, Pakistan.

My name is allah daad and i am 46 year old man and in forex trading since last 11 years.

My account with forexchief is 1215495 witch i have registered at

10.5.19 to get there 100 $ wellcome bonus for cheking there services.but when i read the rivews about this broker then i was afraid to choose it as my permanent broker.

.

But after 1 month i decide to check them by there 100 $ wellcome bonus as i have no fear to loss my money.

.

So i scan the code via aplication and they add 100 $ in my account.

I start the trading.

.

During trading i was remain in touch with there support for asking my trading turnover.

.

in 4 days i have complete there huge mountain of turnover nearly 45 lots and my remaining profit

105 $.

I have found there spreads very good.so i asked there support that i want to continue trading with them and dont want to withdrawal.

.

So they happily advice me to open a new account and submit a support ticket to transfer funds in new account.so i have done this.

.

After that i decide to check there withdrawal services so i submit a withdrawal request and update the ticket not no transfer the balance and sent withdrawal.

.

And surprised to see the reply in ticket that the bonus offer ended at 11.6.19 so i can not withdrawal. And they reset my trading account 0000 and delete all trade history.

Now the points witch i have noted, that confirm this broker as a fraud are these.

1.

If they closed there offer at 11.6.19

Than why they gave me bonus at 13.6.19.

2.

If they gave bonus by mistake then why they not writenoff it when i was trading and in touch with there support for trading turnover.

3.

When i chat with them and they checked my trading history Why there support not telling me that this offer ended and dont waist the time.

4.

When i complete turnover and asked them to transfer money in 2nd account, everything was fine.

But when i submit withdrawal request they reject the bonus.

5.

After this i asked there chat that why they not told me that i can not withdrawal and bonus ended at 11.6.19. They told me it is not possible that your withdrawl rejected and take 15 mint to confirm and they say sorry that he can not help me.

.

After that i submit a ticket and got horrible reply that i have used technical maintanence to get there bonus at 13.6.19 while offer ended at 11.6.19.

It means they called me international hacker who hacked there system for getting there bloody 100 $ bonus.strange.hahaha.

.

Now they delete my member area and not replying on live chat.

.

Now let me clear what he getted by this 100 $ bonus.

If someone loss this bonus then broker loss nothing becouse they dont sent the trades in market and it just like a demo account loss.

But when traders earn money and they found him in profit then his trades sent in markets and they earn money by spreads and commission.now only from me they have earn above 400 $ by my 45 lots trading and also take back there 100 $ and take my 105 $ profit also by creating any reason.

So they earn 505 $ only from me.

.

Now they offer 500 $ bonus instead of 100 $. Hahaha.

This is an other good trap for snatching money.Read there terms.

I explain it here.

You can not loss the bonus but only can trade.it mean you can use huge volume to trade and let your account wash fastly and when you loss reache at your own funds they writenoff ther bonus and your account washed.

You have to trade huge volume of trading with your own funds for getting withdrawal there bonus.and in this try you lost your funds. If you complete all condition then they reject your withdrawal by creating any reason.

Dont waist time . This is confirm a fraud broker.

.

I am an old trader and in forex trading from 11 years.So i advjse you dear forex traders and new comers dont choose this broker.even not get there bonuses that these are only waist of time and it will ended only in frustation and tention.

, UK.

I can not believe that people usually do not look for more options to be able to free themselves economically, I enter the forex investment in looking to improve my income and this is what I have been doing with forexchief

, Austria.

Forexchief has been very professional in handling business. I am a long term trader and so I have huge money with this broker. I am making money for sure and I am withdrawing without issues. My style of trading is straight forward, so when any issues arises with my trade it is easy to solve. For example, if there is a platform glitch and it results in losses I quickly make a file of the affected trade with time stamp and broker quickly rectifies it. They would have no choice because I have proof. It has happened only once anyway. Again, I like their professional way of handling things

, Venezuela.

I see that many prefer to use mt4, but I honestly think that the mt5 is better developed with respect to the functionality of the previous version, I have a mt5 with forexchief, it gives me a lot of financial information and news, analysis tools among others.

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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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