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.

, Georgia.

With Forexchief I no longer had to wait 5 days to get withdrawal done. I had a rough time with Forexchief when it comes to withdrawing my money. The last time was a very serious argument. Every other trade offers from forexchief is okay. But I am mostly grateful for fast withdraw of money.

, China.

Very good broker excellent technical service helped me a lot with bots and scripts, has low commission

, Dublin.

So I finally found a broker that has an easy login process. Which means when I login to Forexchief mt4 platform I am instantly online. It takes less than 5 seconds to get online and start reading charts.

This process was a nightmare with my previous broker. Also forexchief charts are very stable and quick to display for fast analysis. If you looking for a very fast execution broker, Forexchief meets the mark.

This means I get to do quick trades with even lower spreads. I give forexchief 5/5 for order execution

, China.

When I left university, a friend recommended me to use the forexchief broker and I really do not regret it, they have given me an excellent quality service and I have seen my finances grow little by little every day, they have very good tools such as their signal system that Lets be alert to take the best opportunities.

, Malta.

I have a long list of points to talk about this broker, but I'll just keep it short. I want to thank Forexchief for a successful year of Forex trading. The customer service has been awesome, solving issues quickly. I juggle between mt4 and mt5 for technical reasons, for this am glad there is both platform for flexibility.

Deposit and withdrawal works perfectly fine. There have been some set backs on a few occasions but it usually gets resolved.

Spreads are low and there is leverage up to 1:500 for real. This is a broker with offshore license that I have confirmed to be real, offering very good conditions better than the ones i have used.

I pray 2020 will be a good trading year as well. Happy holidays.

, 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.

, Nigeria.

I used Forexchief for over 7 months before I took a break from trading. I am back now and I still chose to use this broker because of their low spreads and awesome customer service. So, this is my first choice among the brokers I have used.

, 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.

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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.