9.6/10
(69 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

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

, Bangladesh.

ForexChief amazing broker, Efficient team! they are very helpful with their customers, and if anyone looking for a good broker I think ForexChief is the best choice.

, Estonia.

This is a broker with offshore regulation, but I am very much impressed with their services. My first deposit was 2000$, and then another 8000$ after all was well. So right now I have approx 14k used with this broker. I made 2k withdrawals last week. All is well, and all is fast. I love it here.

, Australia.

Not bad for a broker outside the EU and U.S. In fact, I noticed Forexchief has better execution of order, less slippage and requotes. Also stop orders are triggered perfectly. I use bank transfer for deposit and withdraw, more comfortable, but not as fast as other payment methods. Still, I get my funds within 48 hours most times. I will continue to use this service longer than I planned

, Argentina.

This is one of the best brokers I have used since I started trading. I like the fact that they want me to succeed. They don't cancel my profit or do regular checkups on my trades, which was a serious issue with another broker. The Forexchief mt4 server is one of the fastest I have used. It is really nice to use a broker that supports you all the way.

.

Forexchief allows me to sell my signals to subscribers around the world and I can choose if I want to copy the movements of other more experienced investors, that is a very positive aspect of them

, Singapore.

I think every trader out there should use Forexchief. There is flexible account types to accommodate any kind of trader. I use a micro and standard account. There is no fixed spread, only variable. I do like fixed spread, but the variable spreads seems more advantageous and far lower than fixed spreads. There is no deposit fee.

, Nuuk, Greenland.

In my journey to find a good broker that offers high leverage, I chose forexchief. It is regulated by the ifsc. This regulation is not as good as the u.s or a.u. But I am not easily fooled by top regulations, a broker who wants to screw you will do, and these days the regulatory agents don't help us traders. So what is the use choking myself with bad trading conditions from highly regulated brokers. Besides, they will never offer 1:1000 leverage as Forexchief does, no will they give me low spreads as I get now. So traders like myself have to sacrifice regulation to get my leverage needs as long as the broker has a long history of integrity and good reputation. Forexchief ticked all my requirements. Am in 100%, and right now I am enjoying my trades, ripping the profit off the market

, USA.

I like being able to copy transactions through social trading, which is very useful for me because I can make the same entries or analyze them for later entries, the withdrawal of funds is convenient and fast.

, Australia.

If you are looking for a decent broker that gets the job done, Forexchief is the real deal. This is a small broker but have built a good reputation here. I love it. I am doing this review due to personal experience of 1 year as a trader with this broker. With it comes to finances, they are committed to making sure I get my money at exactly when I need. No issues when it comes to my money. My last withdrawal was done last month. I am planning another by the end of this month

, Greece.

I have this feeling of safety with Forexchief. They are not heavily regulated, but from my experience they don't play with trader’s money. Profits are always intact and withdrawing it is easy and fast. I have a friend who has been using the broker long before I registered. He told me he has no experience any issues. This gave me confidence to use Forexchief and all is true. I will trade with their mt4 for a long time

, Estonia.

I moved my account to Forexchief due to high spreads from my former broker I used. I see that Forexchief spreads on EURNZD is 0.5 on the average, but on HF it was 6pips. That is too much. Forexchief spread is far lower. Apart from the low spread I get from this broker, my profit making has doubled since the start. It’s like my previous broker did not want me to succeed. Forexchief also process my profit withdraw faster. This is a good broker to use and I am happy to be a member. I have also posted this review on earnforex review blog, since that was where I found Forexchief.

, Netherlands.

I continued with Forexchief because my trading style is a good match for them. I would recommend them highly to anyone who is swing trading, or using any trading approach that depend on fractions of a pip for success. The spreads are really tight. Forexchief data feed is stable during news events (e.g. NFP) whereas my previous broker would lock up, jump around, and give me strange fills. I love this broker to be honest.

, Serbia.

I opened a account with Forexchief last year. I went on a break in May due to the pandemic, but I resumed last month. So I've been trading with them long enough to recommend their services. The broker is always quick to help sort out issues. I am sure this is one of the best brokers I've used. Sometimes I get less than 1 pip spread on EURUSD, which is great. Then trading fee is low.

, Andorra.

We are a group of traders from Europe. Forexchief is our second broker. I want to recommend it for serious trading. We do high volume traders and due to the stability of this broker, we have done large transaction in and out.

Transparency is a strong quality and we value it. Kudos to the Forexchief team, you deserve a 5 star review here.

, Georgia.

7 years of trading and I've only used two brokers. Forexchief is the current broker I am using. I am very diligent when it comes to choosing broker. Due to my criteria and volume of trades, I chose Forexchief. I am not disappointing i did. 12 months of service to me and I am glad I picked another good broker to use for a long time.

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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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