9.6/10
(65 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

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

, 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.

, Turkey.

For me Forexchief is the easiest broker to trade Forex with. They are reliable ad kind. I'll recommend for CFDs, Currency and Crypto. All are available with very low spreads from what I have seen.

, Latvia.

I am new to Forex trader. One of my greatest tasks was looking for a good broker to use.

Finding an honest and trustworthy broker is really hard these days. Well, I ended up with forexchief after watching a youtube video of a pro trader and he said he trades with Forexchief. So I registered because a pro uses it, who am I not to. Fortunately for me it is an amazing broker.

I am still learning from my mentor and making small trades. Forexchief has supported me with bonus money to make my journey smooth. This is what every new trader needs; a broker that easy to open account, deposit and trade. Mt4 is simple to learn a well. One of the chat personnel has been helping me understand how the platform works.

He answers my question with patience.

In my small time with this broker, I can they value their traders. Even though my deposit was small, they treat me with respect

, Cambodia.

What really caught my attention was when a friend told me Forexchief offers up to 1:1000 on currency pairs, and up to 1:100 on commodities and cryptocurrency.

It was very easy to register. I starting trading same day. No document was required. It is 4 months now and there has been no issues with Forexchief. Good broker for me.

, Bahamas.

There are a few good things to note about Forexchief from my time trading. Funding is instant and does offer a multiple options both in deposits and withdrawal. You don’t need to verify your account before funding and withdrawing. I didn’t. They allow the use of debit card option, bank wire, skrill, neteller and others. I use Bitcoin and it can be processed the next day or up to 48 hours. You can also partake in contests weekly. I can say Forexchief is a decent broker, they do get the job done as far as currency trading is concerned.

, Venezuela.

At this moment I am satisfied with the service they have given me, they have excellent service, transactions are carried out quickly, it is easy to use and it suits my investment style.

, Bangladesh.

I like that when I open the forexchief app I can make transactions directly from the graph of the trading instrument, which seems really practical when I want to manage my orders.

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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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