Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 1000:1 |
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Minimum to Open Live: | $50 |
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Established: | 2014 |
Address: | 1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu |
Contact: | info@forexchief.com, +65 3159 3652 |
Regional offices: | |
Regulators: | VFSC #14777 |
Prohibited countries: |
Trading platforms: | MT4, MT5 |
Mobile Trading: | Yes |
ECN: | Yes |
Currencies: | (40+) |
Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
CFD: | (15+) Gold, Silver, Stock Indexes, Oil, Other Commodities |
EAs/Robots: | Yes |
News Spike Trading: | Yes |
Scalping: | Yes |
Deposit Methods: | Bank Wire, VISA, MasterCard, AdvCash, Alipay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney |
Withdrawal Methods: | Bank Wire, VISA, MasterCard, AdvCash, Alipay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney |
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Traders Reviews
Cent Accounts are penalized
Service use: Live
Length of use: 3-6 Months
For example Bank Deposits SEPA minimum 500 USD.
For withdrawals, fees are not properly explained in the Help. Things are left undefined. For example:
For swift:
0.1%, min. 15 USD, max. 50 USD (or equivalent in another currency).
Use of Credit/Debit cards are also expensive.
2%, min. 5 USD/5 EUR

Thats correct, the minimum amount for SEPA bank wire is 500 EUR, but please note ForexChief do not take any fee, so commission is 0% for deposit and withdrawals.
For SWIFT there is commission, up to $50 for withdrawals.
Cards fee is 2% for withdrawal because of payment service providers have expensive commission for this option. Also you can find Crypto methods inside Personal Area, which is 0% fee for both side.
BR
ForexChief Representative
Highly recommended
Service use: Live
Length of use: over 1 Year
2 years good experience
Service use: Live
Length of use: over 1 Year
Secondly Forexchief is a no nonsense broker, they don't joke with safety of traders. My account managers always send me tips on how to protect my capital and how to apply proper money management rule on each trade. Their customer service agents are very nice as well.
Other features of this broker include fast withdrawing of money to bank account. Mt4 and mt5 is available with fast server. This is a review of my experience so far after 2 years. Thank you
I have Swap Free Account now
Service use: Live
Length of use: 0-3 Months
Jan 16, 2021 - 2 Stars Hello, my name is Umeh, I am dropping this review so others may be careful when choosing this broker. If you want to use Forexchief because they claim to give a swap-free account, don't do it. It is deceit on the broker's part to claim on a website that they have a swap-free option. I even asked customer service to confirm this before registration. I have the transcript of the chat in case the broker denies this. I have already deposited money with this broker but I cannot trade anymore because they did not give me an option for swap-free. I don't see the need to talk to anyone because I know they're going to keep playing me around. I have already put in a request to change the broker. I need a broker that offers swap-free unconditionally. I think any trader deserves the right to choose whether to use such an option or not. It is better Forexchief removes this info from the website so that traders do not be deceived. I wonder what else is a lie.
Reply by ForexChief submitted Jan 20, 2021 Dear MaMary
it looks like you didn't read carefully the conditions. To get swap-free option you need to send request via Ticket and wait confirmation from dealing dep.
BR
ForexChief Representative
Thank you !
Service use: Live
Length of use: 0-3 Months
Dec 25, 2020 - 1 Star My name is Lukas. I have trader with Forexchief since June. Here is account 1816588. I like the broker very well because it give me profit many times. But I am sad for them taking money from my account that I not understand why. I see money they take at right hand side of order all the time. I like the use of the broker trading, but I am hate them stealing money from my profit all time. I don't want that. Changing this broker so I want friends to know this
Reply by ForexChief submitted Dec 30, 2020 Dear Rocky1
Your account type is DirectFX, where you pay fee for each deal. Please read carefully conditions for each type of account, which described on the website:
https://www.forexchief.com/trading-conditions/account-types/
BR
ForexChief Representative
Excellent service
Service use: Live
Length of use: 0-3 Months
Best Forex Brokar For Everyone
Length of use: 3-6 Months
account cent
Service use: Live
Length of use: 3-6 Months
for withdrawals no problem always goes well at this broker .. thank you
Easy Peasy
Service use: Live
Length of use: 0-3 Months
There are certain things that make Forexchief even better. The broker gives me 1000:1 leverage; I only use it when I get a very strong signal. One has to be careful using high leverage, but it is good to have the option at all times. I could barely get 1:25 from my previous broker due to strict regulation. Thankfully I am free from those strict rules. Forex is fun and more profitable with a broker that gives lower spreads and takes lower fees.
I'll definitely recommend this broker to anyone looking for something good without stress. Registration, verification, and deposit all within 24 hours. I never knew that brokers outside my country could be this good. I love it
Frequently Asked Questions
Is ForexChief a good broker?
Unbiased traders reviews on ForexPeaceArmy is the best way to answer if ForexChief is a good broker. https://www.forexpeacearmy.com/forex-reviews/13623/forexchief-forex-brokers
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent ForexChief community discussions: https://www.forexpeacearmy.com/community/tags/forexchief/
Is ForexChief regulated?
Forex Chief is registered in Vanuatu and regulated by Vanuatu Financial Services Commission under license 14777.
What is the minimum deposit for ForexChief?
The minimum deposit to open an account with ForexChief is $50 for all available MT4 or MT5 accounts.
What is the maximum leverage for ForexChief?
The maximum leverage for ForexChief is 1000:1 for all available MT4 accounts and 400:1 for all avaiable MT5 accounts.
Does ForexChief permit hedging and scalping?
Yes. Hedging and scalping are both allowed in ForexChief, as well as Expert Advisor.
How do you get ForexChief bonus?
How to get the welcome bonus on ForexChief?
- Sign up and open standard trading account.
- Choose “Enroll Welcome Bonus” on the replenishment form.
- Complete operation and make sure the bonus is credited to account.
- Complete the required turnover and withdraw the bonus and all profit.
Service use: Live
Length of use: over 1 Year