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This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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ForexChief reviews

6/10 (votes 2635)

On-line since: 2014
Country of origin: Singapore
Regulation: VFSC
Payment options: wire transfer, Visa, MasterCard, Yandex.Money, WebMoney, Qiwi Wallet, Skrill
Minimum account size: $1
Minimum lot size: 0.01
Leverage: up to 1:400
Spreads: from 0 pips

The broker is owned by the ForexChief Ltd company and offers online trading services to natural and legal persons on the STP/NDD model.

ForexChief provides safe access to trades through the most popular MetaTrader4 platform that is also available for mobile devices on Android and iOS.

Trading accounts

The client can choose one of the four account types: MT4.DirectFX, MT4.Classic+, cent-MT4.DirectFX, and cent-MT4.Classic+. Each account can be opened with a minimum deposit of $1 in the following currencies – USD/CHF/GBP/EUR/JPY/RUB. It is possible to trade 40 currency pairs and 2 metals. The maximum leverage is up to 1:400, the stop out level is 30%, there is no re-quotes for each account type, and the minimum deal size is 0.01 lots. Bonuses and trading credits are available to the clients. Besides, expert advisors and scalping are allowed with the company.

The accounts also have some differences. The cent-MT4.Classic+ and MT4.Classic+ accounts have no commission. Spread for the MT4.DirectFX and cent-MT4.DirectFX accounts starts from 0 pips; and for others, from 0.3 pips.

Bonuses

The broker offers two bonuses: Welcome bonus and Turnover Bonuses, which amount depends on orders closed within a week.

Trading signals

There are MetaQuotes trading signals that allow clients to successfully copy trading deals of professional traders. Besides, clients can become providers of trading signals.

You can read the latest reviews on ForexChief in the comments section.

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Comments about broker

Rezaur Rahman trader

review ForexChief

22-12-17

Dear Traders I am a new trader in Forex Market.I have open a real account in Forexchief and Trade in One Month.I have gain some profit $100 .I withdraw and instant add my skrill account.I am very much glad for their service.Customer service is very promt response.Long live Forexchief.

mukhtar trader

review ForexChief

08-12-17

its a big scam after making 50 lots they didnt give me my money

NumLock trader

review ForexChief

24-08-17

Each broker has its pros and cons. I did not like that the welcome bonus for new users is not given to everyone. I could not get the bonus, because my phone is not suitable for this. The bonus was not important to me, but why did it happen? Now I have a real account in this company. In fairness, the terms of trade are good. I trade here without problems. In addition, the withdrawal of money is very fast, takes a few hours.

Alanare trader

review ForexChief

08-08-17

I characterize the broker as honest and decent. There are minuses, there are pros. From the pros, I can highlight their bonus program. In particular, a bonus of $ 100 for trading on Forex. Do not send documents and pass verification. Simply, the broker gives $ 100, which you can withdraw if you fulfill the conditions. The conditions are not simple, but feasible. The downside is that the broker does not accept bitcoin, which is strange and inconvenient for me.

Uraniafx trader

review ForexChief

14-06-17

I am a client of ForexChief for over a year and till now I am pleased with their services. I like the platform on Android which is user friendly . I opened a cent-MT4 Classic + account with a first deposit of 150$. The spread starts from 0.2 on EUR/USD which is one of the lowest spreads on the brokerage market. I trade Gold, Crude Oil, Sugar and currency pairs EUR/USD, USD/CHF, USD/JPY, USD/NOK, USD/DKK. During this period of trading with them I had also some inconvenient where my positions were closed during the night and I lost money, but support team re-opened them and I got also my money back. Monthly I withdraw around 1000$ with Skrill. The withdraw process takes up to 1 working day and is commission free.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

ForexChief reviews

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