ForexChief.com Review

4.152 · 47 REVIEWS
Updated: Apr 16, 2021 · Visit site  · Is this your company?

ForexChief is a forex broker. Forex Chief offers the MT4 and MT5 forex trading top platforms. ForexChief.com offers over 35 forex currency pairs, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

ForexChief.com

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $50
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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4.152 · 47 REVIEWS
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Traders Reviews

Dubai, United Arab Emirates,
Feb 3, 2020,
Registered user

Highly recommended

Service use: Live

Length of use: 3-6 Months

I have used several brokers over the years and Forexchief is the current one. I've had a good experience so far. They are quick to resolve issues for starters. There has been no issues with deposit and withdrawals via bank card.

The website did not make a good impression. Many brokers usually have this Sophisticated website,but not this one. So that’s a minus for Forexchief. Surprisingly it is a good broker. This is my 4 month using the mt4 and no serious issues. The server for mt4 and live is fast as I can read charts within seconds everytime I launch it.
 
Gabrovo, Bulgaria, currently in Czech Republic,
Jan 26, 2020,
Registered user

Service use: Live

Length of use: 0-3 Months

Hello, I have more than 7 years of experience trading forex with different brokers. Personally, I was scammed directly by a broker not sending my withdrawal 5 years ago. Since then I am more careful any time before depositing any funds to a broker, I check its Forexpeacearmy’s page. I checked here and everything seemed to be legit with withdrawals so I deposited funds and started trading.

Now I feel scammed in a completely different way, here is the story:

Firstly, I started with small lot size trades, nothing seemed to be wrong at first. But when I increased my trades lots size things completely changed.
The typical spreads on the trading instruments I was trading are:

EUR/USD - 0.8-0.9 pips
GBP/USD - 1.7-1.8 pips
XAU/USD – 40-50 pips

I realized something was wrong when I opened a 5 lots trade on EUR/USD on normal trading conditions during the European trading session where I haven’t seen spread on the pair wider than 1 pip, even I was thinking for few seconds whether to open that trade and I remember the buttons exactly stating: SELL 1.11042 BUY 1.11050 then I clicked to buy and surprisingly my trade was opened at a price of 1.11060 .The strange thing was that this price has not even appeared on the screen.

Later on, I opened another trade for selling 3 lots on GBP/USD. When I clicked the sell button the price shown was 1.31335, then I saw my position was opened 1 pip lower at price of 1.31325, this price was shown few seconds before the price of 1.31335 I clicked on.
Then it got to my mind the first trade on EUR/USD was not accidental and something was really wrong. My GBP/USD trade went well and reached it’s take profit target. Later on, 2 hours before 0:00 on Wednesday where 3-days swap is, I was opening more trades and at the end I had 3 sell positions of GBP/USD for 1.5, 0.5, 0.5 lots respectively. The 0.5 trades were executed fine, the 1.5 one was executed on the already familiar “scheme” with a worse price that the one visible to me.
My trades were opened at a price of 1.31333(1.5 lots trade), and 1.31369(2x0.5 lots trades). I have set a stop loss at a price of 1.31480 for all the trades in case of unusual movement upside. Few minutes before 0:00 I opened my trading platform and there were normal trading conditions. I wanted to remove my stoploss orders of 1.31480 just in case as normally at that time it was expected lower liquidity and spreads to go 5-6 pips wider but I could not because the market on the forexchief’s side was disabled which was really strange to me (usually brokers disable 5 minutes after 0:00). At that time, I got worried after what I have seen from my previous trades. I was waiting for 0:05 when the market will be active again so I can remove my stoploss orders but the very first second the market was opened my stoploss was immediately triggered and my positions were closed, the 1.5lots one at a price of 1.31575 the other 2 positions at 1.31489.
I could not really believe what had happened as the market opened at a price of 1.31366 with low on the candle 1.31365 and high 1.31398, at that time I was checking other brokers as well and there was 5-6 maximum 7 pips wider spread which was still far from my stoploss price of 1.31480.

This caused me a loss of 435.36 Euro(for these 3 positions) in such a unethical way. I can provide pictures for those who does not believe such thing can really happen, 2 minutes I was watching the screen thinking how this happened as after it did the spread was only 5-6-7 pips wide.

Then few minutes later the price went higher and was trading above 1.31400 with the maximum on the 1-minute candle - 1.31441, there was just a short 1-second spike to 1.31382 I decided to open a new sell position of 3 Lots(to regain my wrongfully closed by them positions) the price shown when I clicked was 1.31432 and as you may guess my was opened on the lowest possible price of 1.31382 which was another instant loss of 5 pips or around 135 Euro on my account.
Somehow my position survived and took it’s take profit target. I was thinking of stopping trading until I find out what is going on but there was another trading opportunity for me on xau/usd so I continued trading gold. There the things were not so bad, btw I have started trading gold at first with low lot size(that’s why I had the impression everything was alright). Actually, most of the times the thing with the different price on xau/usd persisted but not on a such demonstrative way like with EUR/USD and GBP/USD. In around 70% of the cases I was still getting worse price with around 15pips higher out of the typical spread of 40-50 pips(when I was trading at first with low lot size there was not such a problem). I clicked to buy on price of 1561.25 and my position was opened at price of 1561.41 at that time the buttons were stating: SELL 1560.82 and BUY 1561.25(43 pips spread) but in reality, it was 59 pips spread.

This is the WORST trading experience I have ever had, as I mentioned in the beginning I traded with different brokers and I also traded on such volumes, with the other brokers when a trade could not be executed at the price I clicked on it just does not execute or I was questioned if I want to open the position on the new price(which could be worse or better for me).
The fact is that I have done more than 100 trades with forexchief and I have NEVER gotten a better price than the one I clicked to open the position but ALWAYS a worse one.

From both of my trading accounts I have traded total of 44.3 lots eur/usd, 24.7 gbp/usd, 39.6 xau/usd. If we make a simple calculation of the total traded lots to the typical spread we will see this amounts to around 355 Euro(Eur/usd) + 400Euro(gbp/usd) + 1600Euro(xau/usd) = 2355 Euro. I say nothing about it as this money is taken in a legal way, the way it should be BUT I am so disappointed from the fact apart from this amount they have taken additional 40%(roughly estimated) just from the spreads providing you ALWAYS worse price, also not accounting this 435.36 Euro from my wrongfully closed trades.

It made me a good impression in the beginning checking the reviews in here when somebody was unhappy with Forexchief’s services they were responding within few days’ timeframe solving trader’s issues. Now I am waiting for Forexchief’s response to my case as apart from the financial loss it caused me also an emotional harm experiencing this terrible trading conditions.
Anyway, I am optimistically looking for a fair compensation from what I have experienced and continues future trading with them with no issues.
 
Reply by ForexChief submitted Jan 29, 2020:
Dear achkatabg

In case of Market Execution mode, the price of execution can be different then the price you saw in the terminal in moment of the deal. If you want to avoid any slippage completely, then just try to use Limit orders.

BR
ForexChief Representative
İstanbul, Turkey,
Jan 18, 2020,
Registered user

Broker was patient with me

Service use: Live

Length of use: 0-3 Months

Well, Forexchief has finally cleared the air. I did not understand the margin requirement in the start and sorry for this. I take it back that Forexchief is liar. Everything is fine now.

Jan 9, 2020 - 1 Star Still same response from broker. They said I can change my leverage to 1:1000, which I don't see there. I want the broker to know I have given them 1 star for poor service. My real account number is 1160145. FPA please update my review. Thanks.

Jan 7, 2020 - 1 Star Liars. My name is Ahmed. I opened an account and deposited $3000, since I was promised a higher leverage. The broker said 1:1000 leverage is allowed but I am not able to access it. Chat support said I can only use 1:200 on my trades. I still don't understand why and no real solution for me.

Reply by ForexChief submitted Jan 13, 2020 Dear Ahmed



Seems you did not see the rules on the website about leverage up to 1000.

https://www.forexchief.com/trading-conditions/margin/



Please read carefully and try to trade using demo-account at least some time... for understanding how it works. Hope it becomes clear



BR

ForexChief Representative
 
Johannesburg, South Africa,
Jan 3, 2020,
Registered user

Update to " Scammed and disappointed!"

Service use: Live

Length of use: over 1 Year

I apologise for the time taken to respond. My issue was resolved with Forex Chief. As I had stated in my last review, I have been using Forex Chief for just over a year, I had no reason not to trust them. What happened to them was an honest mistake on their part. They resolved my problem almost immediately after I had clarified my complaint to them.

Dec 16, 2019 - 1 Star I'm really disappointed by this broker. I've been using Forex Chief for about a year now. I've recommended the broker to other people and I had never had any reason to not trust them until today.

I had pending orders on CADCHF pair in Forex Chief as well as other brokers. I noticed that my orders had been triggered on Forex Chief , however on other brokers the orders on the same positions were not triggered and the charts (on the same timeframe) look completely different. They triggered my trades fraudulently. I have pictures to prove it.

Jul 19, 2019 - 5 Stars Haven't had any issues, They respond to my concerns on time . Best broker I've ever used.

Reply by ForexChief submitted Dec 18, 2019 Dear Wandz



As we explained there was a technical failure from liquidity provider side, we are sorry for inconvenience, your positions were corrected to remove the losses



BR

ForexChief Representative
 
Timisoara, Romania,
Dec 19, 2019,
Registered user

Very satisfied

Service use: Live

Length of use: 0-3 Months

My issue is solved. I was given a swap-free account and payment I received. I have put money in the new account, there is no more charge on trades like before. Thanks Forexchief. Cheers!

Dec 13, 2019 - 2 Stars I am new Forex trader with little experience. I am Islam religion. I open account with Forexchief broker three weeks ago and start trading. My problem with them is when I saw a fee charge on my account I was an angry because my Islam does not agree with interest fees on banking. I am not happy with this broker. The chat people cannot help me too. My name is Rohny, account number is 1167205. Pardon My English. I have put withdraw for all my money, but they delay.

Reply by ForexChief submitted Dec 17, 2019 Dear slobodan.mirsan



If you leave open position to the next day, you’ll be charged “swap”, which is usual thing according client agreement, but for muslim clients ForexChief provides swap free accounts. If you'd like to add such option you just need to send relevant request.



Regarding withdrawal request it was successfully processed within a day according time specified on the website in section "Deposit and Withdrawal"



BR

ForexChief Representative
 
Quebec, Canada,
Oct 18, 2019,
Registered user

Good beginner broker.

Service use: Live

Length of use: 6-12 Months

I have to say ForexChief is a very nice broker but they have some problems that they could work on. I would mostly recommend this broker for beginners and smaller accounts and I will explain why.

First the good, there is a lot to like here. The customer service was nice and quick. They have a nice selection of accounts with both cent and classic accounts both with MetaTrader 4 and 5. Withdrawal was fast and I had my funds in my Skrill account in less than 12h and their inner exchange rate could not be better. I must admit that I was skeptical at first since I used the old Welcome bonus of 100$. I was expecting them to find an excuse not to pay me but everything was fine.

Now for the part that's not so great. I need to say first that none of this is game breaking. The biggest problem is slippage, sometimes my trades would close in a small loss with ForexChief when other brokers would close in profit (both trades where close at the same time and used the same EA). This only happened in sharp movements however and wasn't much of an issue since it rarely happened. At least not with the small lot size I used most of the time. The second problem was with execution. When using larger lot size like 0.5 it could take up to a few seconds to open the order. This is not a big problem if you don't do scalping but it's definitely something to keep in mind.

I definitely recommend ForexChief but if you plan to use a larger lot size you should keep the delay and slippage and mind.
  1 trader has found this review helpful
Ogun, Nigeria,
Sep 21, 2019,
Registered user

Nice broker!!

Service use: Live

Length of use: 0-3 Months

Hello, my name is Solomon, I had some issues with this broker after I made a deposit and my account was not credited due to an error in transfer. I want to confirm that the said money was sent back to my bank account. My bank explained everything to me that credit card errors refund takes time to be reverted. I got the funds back within a period of 7 days. I made deposit again and it went through, my account was funded and I have since started trading. So I want to make it clear that there was no foul play by the broker. In fact I am impressed with their platform and trading conditions. Its a nice and straight forward broker. I won't fail to write here if any issues arises.

Sep 11, 2019 - 2 Stars 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.

Reply by ForexChief submitted Sep 15, 2019 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
 
abuja, Nigeria,
Jul 7, 2019,
Registered user

Very Professional Broker

Service use: Live

Length of use: 3-6 Months

Few days ago I was angry with the broker regarding fund withdraw and I wrote about it here. I would like to also publicly say that I was at fault. I later saw the company message on my spam folder. I am sorry, I actually did input a wrong digit on my account number. I uploaded a new document as well. I received money to my bank account on Friday evening. Everything has been perfect with this company until this misunderstanding on my part. I give this broker 5 star rating for the way it was handled professionally. I will continue trading with Forexchief for sure. Thanks to FPA for a great platform as well.

Jul 1, 2019 - 1 Star Forexchief has been an excellent broker in terms of their trading conditions, but I don’t know what is going on right now. My account number is 1077938 MT4 Directx. I started trading with Forexchief three months ago with a starting capital of $6300. After a series of consecutive profits, I decided to withdraw money.

I placed a withdrawal request of $2300 two weeks ago via bank transfer, but I have not received my money till now. The time expired and withdrawal was automatically cancelled. I don’t understand, maybe it was due to banking holidays, but am not sure. I have submitted my passport for verification and I did not use any trading robots or violated any rules. So to be sure, I placed another request on Tuesday last week, but still no response. The money did not even leave my trading account up till now. I have sent emails regarding the issue but no response. If the withdraw amount is too large, at least the company should reply my email and explain things to me.

Reply by ForexChief submitted Jul 3, 2019 Dear temitopefx



As we mantioned in your ticket in the Personal Area, at the first time you have specified wrong bank account number (if you click to Operation ID in the Payment History you will find there appropriate comment). Also at the second time we've found your documents has expired and you were asked to updalod fresh passport (coz you know about AML rules of the banks), once you did it, the transfer was succefuy procced. We expect you should already received the payment or it should be within 1-2 days



BR

ForexChief Representative
 
Pakistan, Pakistan,
Jun 30, 2019,
Registered user

They do not admit their fraud.

Service use: Live

Length of use: 0-3 Months

Forexchief lounch the bonus compain for just to earn money from peoples.as we can see privious reviwes of peoples who getted this bonus and complete the conditions but forexchief dont want to pay him. When they register their case here then broker pay their money.
My case is same like them but broker dont want to pay me still.my case and there replies are here.
1.i ask why you give me the bonus after cancel this permotion.
Reply. You scan old qr code and get bonus by fraud.
2. I ask what is fraud in it.while you provide the code and ask me to scan .and i scan the code and you add the bonus.
Reply. You scan old qr code and get bonus by fraud
3. I ask why you not update you system for not adding the bonus by scaning qr code.
Reply. We update and qr code not shown in member area and you scan old qr code.
4. I ask why you not update system for not adding bonus by scaning any qr code old or new.
Reply. You have to get fresh qr code and to scan it.
5. I ask why you not telling me after adding the bonus that this bonus added by mistake.
Reply. We dont know that time you getted this bonus at 13.6.19
6. I ask you support checked my trading history.how can it possible that they checked my history and not know about bonus date?
Reply . They dont know about it.
7. I ask now who getted the spreads and commossion of my trading nearly 400 $ and who getted my profit 105 $ if bonus was wronge added.
Reply. It does does not matter.you get the bonus fraudly.
8. I ask if i get it fraudly why you not remove it when you checked my trading history.
Reply. We dont check bonus adding date.
9.i ask you genrate thw code. You add the bonus. I trade at your server. You get the spreads and commission and at withdrawal time you steel all my money why not tell me during trading.while your managers check every account at every trade.and your support also checked my trading history.
Reply. You get the bonus after the offer ended.
.
Dear this broker give me the bonus by scaning old qr code. They know about this that i get this bonus by mistake. But they not inform me during my trading and earn commisdion and spreads silently but at withdrawal time steel all my money by telling this offer ended.
Fraud and fake broker.

Jun 20, 2019 - 1 Star In short My clear quistions are these.
.
1. Why you add this bonus in my account at 13.6.19 if this was closed at 11.6.19.
2. If this added by mistake by yor system then why you not cancel it when i told your support that i have 100 $ bonus and check my trading history.
3. Why your support told me that i can transfer this profit or withdrawal if i have this bonus.
4. Why you cancel my withdrawal when i complete the mountain of turnover.
5. If this bonus was fake then i have traded 45 lots at witch amount.
6. Who earn The spread and commission of my 45 lots.
7. Where is gone my profit 105 $.

Jun 20, 2019 - 1 Star I have hear this many times.but this is not the answer of my questions.
We have to decide, who is wronge in this matter.
If i am wronge then i have no write to get withdrawal.if you are wronge then you can not stop my withdrawal.
We decide now.
.
Lets see,
I have register at 10.5.19 and click at wellcome bonus.
Then you issued a barcode fore my account,( remember that you issue a barcode for my account).
And guid me that when i insatall your apliction and scan your issued code then i will get 100 $ bonus. 
So i saved that code.
.
i scan that code at 13.6.19 and you added the bonus in my account.
.
Now the issue is this,
You said you have close this offer at 11.6.19. write?
.
But you issued the barcode for my account at 10.5.19.
So i am elligiable for this bonus and you add the bonus when i scan that code.
.
Now your faults are these.
1. If you close the offer then you have to cancel all generated barcodes and to remove this offer permananly but you does not do this.
2.
Ase i mention earlier , if you give the bonus by mistake then you have to cancel it when i told you at live chat, that check my trading history and tell me my turover.But you not done this and let me free to trade.
4.
When i ask your support that i want to transfer my profit in other account to trade more then he guide to open account and submit support ticket. He even not tell me that this offer ended.
5.
Your support told me clearly that if i have this bonus then i can withdrawal profit. And i have this bonus.
6.
If i was not elligable for this bonus then why you give me the bonus.
.
So
You give me the bonus becouse i have registered the account before 11.6.19 and you issued the barcode of wellcome bonus for my account before 11.6.19. 
Therefore you give me the bonus. So why now i am not elligiable for withdrawal?.
Barcode given by you.
Bonus added by you.
You have not told me about this during my trading.
You let me free to trade and get the spread and commission perfectly and earn 505 $ by my trading.
But at withdrawal time you said bonus ended.
Now according to rules you have played with my emotions and hopes.waist my time.and make me fool.
Now what you should have to pay for all this?
.
Now its your turn to tell me my fault if you found any?

Jun 19, 2019 - 1 Star My name is allah daad and i am 46 year old man and in forex trading since last 11 years.
My account with forexchief is 1215495 witch i have registered at
10.5.19 to get there 100 $ wellcome bonus for cheking there services.but when i read the rivews about this broker then i was afraid to choose it as my permanent broker.
.
But after 1 month i decide to check them by there 100 $ wellcome bonus as i have no fear to loss my money.
.
So i scan the code via aplication and they add 100 $ in my account.
I start the trading.
.
During trading i was remain in touch with there support for asking my trading turnover.
.
in 4 days i have complete there huge mountain of turnover nearly 45 lots and my remaining profit
105 $.
I have found there spreads very good.so i asked there support that i want to continue trading with them and dont want to withdrawal.
.
So they happily advice me to open a new account and submit a support ticket to transfer funds in new account.so i have done this.
.
After that i decide to check there withdrawal services so i submit a withdrawal request and update the ticket not no transfer the balance and sent withdrawal.
.
And surprised to see the reply in ticket that the bonus offer ended at 11.6.19 so i can not withdrawal. And they reset my trading account 0000 and delete all trade history.
Now the points witch i have noted, that confirm this broker as a fraud are these.
1.
If they closed there offer at 11.6.19
Than why they gave me bonus at 13.6.19.
2.
If they gave bonus by mistake then why they not writenoff it when i was trading and in touch with there support for trading turnover.
3.
When i chat with them and they checked my trading history Why there support not telling me that this offer ended and dont waist the time.
4.
When i complete turnover and asked them to transfer money in 2nd account, everything was fine.
But when i submit withdrawal request they reject the bonus.
5.
After this i asked there chat that why they not told me that i can not withdrawal and bonus ended at 11.6.19. They told me it is not possible that your withdrawl rejected and take 15 mint to confirm and they say sorry that he can not help me.
.
After that i submit a ticket and got horrible reply that i have used technical maintanence to get there bonus at 13.6.19 while offer ended at 11.6.19.
It means they called me international hacker who hacked there system for getting there bloody 100 $ bonus.strange.hahaha.
.
Now they delete my member area and not replying on live chat.
.
I dont know the traders who post a nagitive rivews here and why they changed them in good rivew. I think they have done this only for money.
This broker is realy a fraud and scame broker.
.
Now let me clear what he getted by this 100 $ bonus.
If someone loss this bonus then broker loss nothing becouse they dont sent the trades in market and it just like a demo account loss.
But when traders earn money and they found him in profit then his trades sent in markets and they earn money by spreads and commission.now only from me they have earn above 400 $ by my 45 lots trading and also take back there 100 $ and take my 105 $ profit also by creating any reason.
So they earn 505 $ only from me.
.
Now they offer 500 $ bonus instead of 100 $. Hahaha.
This is an other good trap for snatching money.Read there terms.
I explain it here.
You can not loss the bonus but only can trade.it mean you can use huge volume to trade and let your account wash fastly and when you loss reache at your own funds they writenoff ther bonus and your account washed.
You have to trade huge volume of trading with your own funds for getting withdrawal there bonus.and in this try you lost your funds. If you complete all condition then they reject your withdrawal by creating any reason.
Dont waist time . This is confirm a fraud broker.
.
I am an old trader and in forex trading from 11 years.So i advjse you dear forex traders and new comers dont choose this broker.even not get there bonuses that these are only waist of time and it will ended in frustation and tention.

Reply by ForexChief submitted Jun 20, 2019 Dear Allah daad

As we said you many times, Welcome Bonus $100 was closed at 11 June 2019, and official news is placed on website

https://www.forexchief.com/about/news/welcome-bonus-500-06-2019/

but using technical vulnerability you've got the bonus at 13 June 2019, after date when promotion is over ..of course bonus was cancled (and not just becouse company has such right) but becouse such promotion WAS CLOSED at 11 JUNE 2019

If you like bonuses so much, you can take Welcome Bonus $500

BR
ForexChief Representative
 
kololi, Gambia,
Jun 17, 2019,
Registered user

poor customer support

Service use: Live

Length of use: 0-3 Months

its a little relieve seeing good comment about forexchief broker here, i have been trading with the broker for just two weeks now with the bonus and i can say the mt4 platform is cool, but zero customer support based of what have seen so far.
 
Reply by ForexChief submitted Jun 20, 2019:
Dear geezyben

We have many channels of helpdesk, including Skype, telegram, Facebook, Viber .. and others. Our support team works 24/7 with different languages. In case if the problem requires time for investigation, our team may ask you to create "Case" in Kayako ticket system. But be sure all issues will be investigated and detailed reported.

BR
ForexChief Representative

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.