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. offers over 35 forex currency pairs, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

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:, +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
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

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


ForexChief Representative
Nairobi, Kenya,
Jun 20, 2018,

I discovered ForexChief only a few days ago and already have made recommendations to a few people. I have to say it is the least hassle free account opening process I have seen. The $100 bonus is genuine and they promptly credited it to my account although I lost it all due to my own trading errors.

They don't force you to trade with high leverage or high lots to lose the bonus either like other brokers. I have not withdrawn anything from them yet, but am confident about their services. They seem really professional. I will add review once I get a position to withdraw or ask those I have recommended to post their comments if they get to withdraw.
Rangpur, Bangladesh,
Nov 25, 2020,
Registered user

Fully verified

Service use: Live

Length of use: 0-3 Months

Sorry for the picture quality. Thank you, my account is now verified. Hopefully we wont have any problems going forward.

Nov 17, 2020 - 2 Stars I have been looking for a decent broker like Forexchief, finally found and I have registered an account 5400875. I actually registered through a link from here. I started with a demo account and now I am happy with it and moved to a live account. All things easy as of now. I had this bad experience from a broker called piggy fx; the moment I wanted to withdraw money they asked me to verify my identity. I sent documents and was rejected for no bloody reason. Thankfully my whole money was 56 usd. So I walked away.
Due to this experience, I want to verify my identity with Forexchief before doing any transactions. I have sent all documents and I am still waiting for them to verify data. Too bad it seems I have to wait a whole month to get verified. Lol... I might as well walk away.

Reply by ForexChief submitted Nov 23, 2020 Dear juliennehallina

According KYC rules we must request high quality photo or scan of the document, where all information is clearly readable. As we know once you had uploaded the appropriate file, you ve got "fully verified" status within 10 minutes.


ForexChief Representative
Pakistan, Pakistan,
May 15, 2019,
Registered user

Now found Forexchief is a good and honest and customer friendly broker

Hello all readers.
I am very thank full to forexpeacearmy to provide such a good platform for solving traders and brokeres misunderstandings.
I have post a privious review that forexchief does not clear that what conection they have found between my and another account . Now its clear that they found multidirectional trade who other trader open with same volum and at same time as i have open.
So in this case the broker is write . When they found two accounts tradind at same time and same volume then its a suspicious activity.
So i admit the errors witch was done by misunderstandings.
And i apriciat forexchief that they will give me 100 $ as good will.witch i can withdrawal.
I recomend this broker as good caring customers friendly and have goodwill for traders.
Thanx porexpeacearmy and fotexchief.

May 13, 2019 - 1 Star Forex chief is heavely wrost and little good spreads and order exicution its good.
But withdrawal and permotions they are scamers.
I have joined F.C nearly 15 days before. To test there services i have getted there 100 $ bonus. I have earned 388 $ profit. But then i come to know that i can withdrawal only 100 $ maximum after 50 lots trading. So i spent entire profit to complete trading lots. And after completing 45 lotsor 10000000 $ turnover i have remaning 293 $ equity in witch i have submit 100 $ withdrawal request. But surpriesed to show the canslation of withdrawal. They says i have getted the bonus twice.but not explain that how can they come to know that i have getted the bonus twice.any ip address match? Any device match? Any documents match? Any phone no match? .
But the reality is nothing match. But they cancel my withdrawal. I can say that this is a poor broker of vanuato with cheap regulation. They have not much money to give there traders but they just want to get money by peoples deposit. So therefore they have low spreads and 100 $ bonus to atract peoples to make a deposit.
I can say they are not a trust worthy broker.
I want to make deposit but fortunatly i have not complete funds in my skrill i have postpond deposit and now i think i am lucky.
I am still in waiting for clarification and getting the withdrawal.
My account no is 1213565.

Reply by ForexChief submitted May 17, 2019 Dear FPA admin

Client 1213565 has broken the rules because of misunderstanding and agreed with that bonuse was canceled according accepted rules. As we asked him, he sent a new comment regarding this case, could you please check and update this review, thanks


ForexChief Representative
Forex Peace Army
Review moderation team note
5 Star rating removed.

This reviewer provided evidence to the FPA showing that he was forced to confess to rules violations he claimed he had not committed.
india, India,
Dec 14, 2018,

this broker sucks.....dont waste your money .u r going to get nothing.this broker never give withdrawl.
Reply by ForexChief submitted Feb 8, 2019:
Dear deepak , We would appreciate if you prove your words or at least, that you are our client , maybe your account or transaction numbers. Otherwise it looks like the unfair competition from the paid inventor .
Best regards,
Representative ForexChief.
afula, Israel,
Oct 7, 2020,
Registered user

so way you block me??

Service use: Live

Length of use: 0-3 Months

i didn't replay because i give you 3 examples of your slippage and you "didn't see anything" , so i realize that its useless to bring more then 100 cases , waist of time. i work with 5 more brokers with the same EA that close and open position exactly by specific parameters , so i can compere easily and see when and were there is slippage and when broker deal against you, so don't bullshit me. honest broker don't shutdown account and block traders whiteout explanation, just because they complain . 3 time i asked you why you want me to close my account , and you didn't answer me. i think its approve my case!! first time i hear that money that deposit from my bank account cant withered back to there. this one i didn't receive the answer too. at least you been honest enough to send the money fast to skrill, so its nit all negative after all :)

Oct 7, 2020 - 1 Star these ForexChief guy is unbelievable , i complain to them that i have huge slippage and that what i receive - "according Client agreement paragraph 2.7 your account and registration will be closed within 2 days. Please close all positions and withdraw all funds before account will be blocked" . i try to withdraw my money back to my bank account an she told me - "unfortunately SWIFT transfer currently is not available" . you can win with this guys!!! seriously?? i deposit 1500$ with my bank and now you tall me i have 2 days withdraw my money before you block my account, and i cant receive it back to my bank account?? what a scam broker!!

Oct 1, 2020 - 1 Star huge slippage 20-40 points . i check more then 100 trades that i did ,and almost its never buy it or close it in the right price, and there spread's never been "zero spread" always 4-5 on EUR-USD + commission . i connected to them sent them all the prof they need, and yet they "don't see it" , bad service and greedy broker. i work with another 5 brokers and this on is the worst!!!

Reply by ForexChief submitted Oct 6, 2020 Dear afula

We are very upset such unfair words(

Firstly according your request we conducted a thorough investigation of the deals you specified in the claim, and did not find such huge slippages, we’ve provided you server logs as a proof, but seems you don't care about them. All your nervous replies sounds like the same “you are bad, your slippage 40 pips, fix it!!!!” but when we asked deal/order number, where you faced with such unreal slippage.. you reply nothing.

Secondly regarding spreads, we believe we provide one of the best spreads on the market, but of course zero spreads wont be seen very often.

As conclusion with all respect we hope that you will treat the facts more carefully and responsibly, instead just look for unreasonable conflicts, as you are doing now

ForexChief Representative

Reply by ForexChief submitted Oct 7, 2020 Dear afula

You are not blocked, please be honest and confirm to everyone you received all funds within an hour after withdrawal confirmed from your side.

ForexChief Representative
Reply by ForexChief submitted Oct 9, 2020:
You gave us 3 examples and you received full investigation for all 3 examples, with full server logs, where is CLEARLY SHOWN THERE WAS NOT SLIPPAGE which you tells... like 40 pips is fantastic

Your account was not blocked, you had been trading without any restrictions and you withdrawn all funds with a profit, means full amount within an hour.

We can confirm your registration is closed now, as we explained in ticket, but speaking openly in simple words the reason is you don’t want to listen ForexChief side, you don’t care about investigation and server logs, you don’t care on Limit and TP orders (which we offered to use to avoid any kind of slippage), you respond with negative reaction to all our suggestions

ForexChief Representative
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.

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 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 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 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 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.
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.
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.
Your support told me clearly that if i have this bonus then i can withdrawal profit. And i have this bonus.
If i was not elligable for this bonus then why you give me the bonus.
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 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 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.
If they closed there offer at 11.6.19
Than why they gave me bonus at 13.6.19.
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.
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.
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.
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 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 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

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

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.

ForexChief Representative
al-Bireh, Palestinian Territory, Occupied,
Feb 21, 2021,
Registered user

Cent Accounts are penalized

Service use: Live

Length of use: 3-6 Months

Minimum Deposits for Cent Accounts can be huge and disproportionate when using some transfer methods.
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
Reply by ForexChief submitted Feb 24, 2021:
Dear TinaBikers

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.

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.

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:

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.