ForexChief Review

Please disregard my previous review. Turned out to be a problem with my bank and also some broker conditions I didn’t put into consideration. All is not solved and I am in good standing with Forexchief. I haven’t had any issue with the broker, so it remains the best for me. Thanks

Feb 10, 2023 - 2 Stars I made payment via bank card, in my name. Now I want to withdraw and the broker said they can't process withdrawal to my bank. This is ridiculous and unacceptable. How else am I going to get my money? I need a solution to this right now. I have been sending message and they keep saying the same thing over and over again. This is my first withdraw and already having issues. My account is 1331215

Reply by ForexChief submitted Feb 14, 2023 Dear Sehar

According to the rules first you must refund deposit back to the same card, then you will be able to use other options to withdraw

BR
ForexChief Team

This is the third broker I have used in 3 years. It’s my 6th month with the broker and I am very happy to leave a review here. As a trader, your success depends on your skills and the broker you use. Some broker tends to frustrate your effort with ridiculous trading conditions and stringent rules. Forexchief has made things very easy. One of the fastest I have used. It is also very fast to make a deposit when you are about to hit margin call. In some cases I was given free credit to support my margin. The management understands. I will continue to use this broker until I feel otherwise. Thank you!

I left Forex for a while and came back to Forexchief as the last broker I used. So far, all my withdrawals has been processed without issues as long as it's through the same channel used for funding.
However, it's not as fast as it used to be for local bank withdrawal. They can improve on that because they have been doing it better before.
Secondly, the spreads are higher than they used to be before I took a break. It's still better than most brokers in Nigeria though.

I will continue to use them and recommend them as long as they keep processing payments without issues.

Sep 25, 2021 - 2 Stars I initially gave them 5 stars but current experience shows they are not worth 5 stars.
Any broker that will always have one reason or the other to cancel your withdrawal is a big no for me. It's creates an atmosphere of anxiety and uncertainty in your trading.
I have used both local bank transfer and Advanced cash to make deposit with Fxchief. I have also used advanced cash to make a withdrawal before.
I requested for a withdrawal yesterday and it was turned down. They said I should use local bank transfer. What's the point of having different withdrawal methods if one can't use them? The Advanced Cash account I requested withdrawal with was the exact one I used for a previous deposit.
I headed straight to Local bank withdrawal only to see a comment attached that local bank transfer could take up to 7 business days. What sought of nonsense is that? If there should be any faster method outside of e-wallet it should be local bank transfer.
This is making me doubt their sincerity as a broker.

Jul 22, 2021 - 5 Stars Forexchief has one of the best spreads I have seen in this Forex business. Trade executions are fast also, zero requote and a very responsive customer care. Withdrawals are very fast too. However, there are still room for improvement, like sending a mail prior to withdrawals and a mail after withdrawal. Overall, they are a good broker to trade with.

Reply by ForexChief submitted Sep 27, 2021 Dear Fxmaiah

According to Client agreement if replenishing of the trading account was done by way of various payment systems, the withdrawal can be done only through those payment systems proportionally to amounts deposited.

Also in case if the payment has come by bank wire, then according to the rules to withdraw you must use the same bank account, from which deposit has come.

BR
ForexChief Representative

The spreads of this broker at night are more than 2000 points, while you will not see this on the chart. They explain this by low liquidity, I think they are blatantly lying. I have not seen any broker with such a large spread.

This is my worst broker in 10 years of trading!

I have to warn about this broker. The deposit availability by credit card, can change from one day to the other. It's not reliable. I could not make any payment since yesterday by credit card.They recommend as replacement other dubious scamming payment providers as PerfectMoney, WebMoney, Fasapay. It was not possible before and during CPI inflation news to make a deposit there, because credit card payments were not available suddenly. So it seems, that their payment systems have zero redundancy, if one payment system which coincidentally is not available when or before big news arrive.
Very big coincidence that this happens when big movements in USD are to expect :-))) They brought me in a bad situation now and it's not known, if or when credit card payments are again available. So be careful, if you don't want to lose your money with this broker. This is a NO GO for a broker, that you cannot rely that you cannot make deposits on the usual way by credit card suddenly. And this broker does also not warn, that their deposit systems will not be available. You will find out as a surprise. Not good and very bad experience for me.

Forexchief has lots of assets to trade and has always been a smooth broker to trade with. The only reason I decided to switch to this broker was because my previous broker didn’t accept my EA. I understand that many brokers are always skeptical about scalping EAs. I found this broker and it was good for it. More so, Forexchief is a good broker that always kept to their promise of fast withdrawal.

Thank you for responding and attending to my problems. Well, I got the bonus now and I have swap free account. Please be fast in attending to customer query next time. Either, I can now trade with Forexchief.

Dec 2, 2022 - 2 Stars I stumbled on this broker here two weeks ago, and because I was still looking for a broker I could trust for my trades, I decided to enroll. I registered a demo at first, before going live. First of all, I was pissed that I did not get the welcome bonus as promised on their website. What is more frustrating is that there is no Swap-free account. This is rather not a friendly broker. I didn't bother with it, I moved on to the next.

Reply by ForexChief submitted Dec 10, 2022 Dear Jovana

To get No deposit Bonus $100 you just need to complete couple simple steps, please find instruction on the website
https://www.forexchief.com/services/promo/no-deposit-bonus/

Regarding swap-fee (Islamic accounts), you can find such option on the website
https://www.forexchief.com/trading-conditions/swap-free/

If you need a help, please contact our Support Team 24/7 in live chat on the website. Have a nice weekend!

BR
ForexChief Team

I made a post about forexchief some days ago. Well, I checked the file I sent again and it was the blurry one. I sent a clearer document and my account is now verified and withdrawal is done. I was too quick to make a bad post here. I was just angry; please I want Forexpeacearmy to make this change to my review.

Aug 31, 2022 - 2 Stars My name is Nicholas, I have account with Forexchief 310354. I have been using this broker for about 6 months and I never made any complains. I have colleagues who use this broker and they recommended it. It is actually a broker that offers convenience when it comes to trading. But what is the use of it if they won’t let me withdraw my profit. I sent an email and they said I need to submit my documents in order to get verified. Well, this is understandable. I have done this and they won’t verify my account. The excuse they gave several times is that the document is not clear enough. Wtf, I know what I sent and it is clear. This broker might just be scam if they won’t let me withdraw. Stay far away from them. Broker Response: Dear trader, we have checked your document and we are still not satisfied with the quality as your name and address is not visible enough. Please upload another document.

Reply by ForexChief submitted Sep 1, 2022 Dear Nicholas
Please just take a phone and make good photo of your ID (both sides), thats all compliance team is asking. Then send files to backoffice or upload them in the Personal Area. Thanks!
BR
ForexChief Representative

Please add to my review. I just realized that it wasn’t the broker that charged a fee. It was because I used ERC20. I didn’t know the fee was this high. I’ll use TRC20 next time. My apologies for the misunderstanding. Thank you for the good service you render.

Aug 17, 2022 - 2 Stars I really do like this broker, fast orders, low spread, high leverage and all that, very good. But what annoys me right now is the fact is that I got charge about $30 for deposit when I was told that there are no charges by my referral. How can I deposit $200 and I have to pay $30 in charges. This is not right. I don't think I can make a deposit again. Well wrote this review here so that everyone can be aware before using them. My account number is 2203452. I registered few weeks ago, but I have been using the demo. My first time making a deposit and I got charge this high amount.

Reply by ForexChief submitted Aug 19, 2022 Dear Francokan

We noticed you made a deposit via USDT (ERC20). Your wallet must have charged a fee for this transaction, please confirm this from your cryptocurrency wallet. ForexChief did not charge a fee for your deposit.

BR
ForexChief Representative

This might look like an ordinary broker, but I can assure you that they are better than many of the brokers you see today. I say this because trading successfully requires these things; Perfect/fast execution, low spreads, no market manipulation, ability to accept EAs, low spread and fast withdrawal. I get all these from Forexchief and I am sticking to this broker for a very long time. You can be sure that they have the best services. I like it. I still think they need to add other trading platforms, Meta Trader is very common but some of us have used others, hence the flexibility. I have made several withdrawals and never had any issues

I’ve had the MT4DirectFX account on Forexchief platform for 2 years; so it is time to leave a review for the broker. It has been a period of success since I started using their MT4. I can say this is a broker that doesn’t trade against its traders, unlike what many of them do to us. I get my orders executed exactly how I want it and the prices I want. The orders are quickly filled with little or no slippage. I have done several huge withdrawals to my crypto wallet without any red flags. All the processes on this platform are easy and smooth. Nothing beats trading with a broker that makes things easy. I can say over and over again that this is an awesome broker.

My first complain about the broker was not approved. In case you guys decide to publish my review, please here is the update. I was operating the wrong account. Forexchief was able to help me switch to Mt4Direct account that is eligible for the bonus. I have the bonus, so I take back every bad thing I have said about the broker. I made a deposit today, it was fast with bitcoin. They have easy deposit methods, but I think bitcoin is faster for me. For now, I give it 5 star for helping me and being patient despite my tantrums.

Jun 7, 2022 - 1 Star Well, I just registered with this broker, and I find that they are liars. I actually found them on a forum, their banner was there, and they advertise that they give 100$ bonus and 500% bonus. Guess what, I registered and they didn’t give the bonus. In fact, customer service said I am not eligible. No other reason given. If they cannot be honest in their adverts, imagine what they would do with your money. This is not a good first impression.

Be aware from this broker manipulate price when you take big lots above 5 lot and spreads suddenly changed to more than 10 pips untill stopout . Example I had a big trade with EURJPY spreads 1.6 it's suddenly changed 3.3 and 7.2 but AUDJPY was 1.7 chfjpy 1.7 gbpjpy 2.5 means that time no news or no event only scam clients specially they target indian clients by illegal UPI deposit ( to a fake company name maxmy creations) also ICICI bank which is third party account purely scam no security for indian Clients. Offshore regulation useless VSFC .

Feb 15, 2022 - No Rating Finally I got fund by forex chief thanks I miss understand them I ask sorry

Feb 12, 2022 - 1 Star My money deduction from traction account and not credited to bank 
I think finally I got scammed indian clients be safety exit this broker as soon as possible USD1181130
54.90$

Reply by ForexChief submitted Feb 14, 2022 Dear Joshi

you sent withdrawal request 4152 INR (54.90 USD) at saturday 12th Feb

and received the payment by bank at monday 14th Feb

as you were explained bank payments don't work in weekends, so you got money at monday

Have a nice week!

BR
ForexChief Representative

This is another review to clarify the issue. I had two similar emails and I was looking at the wrong one. The confirmation code has been there all along. Please accept my apologies. I have been able to login to my account. I made a withdrawal. Hello traders, this is a good broker to use, everything has been smooth so far. Highly recommended. Thanks

May 19, 2022 - 2 Stars Hello, my name is Jonathan, I am registered with Forexchief. Just to be sure please check my account number on 1087564. Look, I am not that new to Forex, but I have been using this broker for just 2 months. I think it is best I post this here so that they will take me seriously.
I have never logged out of my account since I created it. Always used the mt4. I already have $237 in profit. I know it is not much, but this means a lot to me. I have not placed a withdrawal yet. So, two days ago, I don’t know what went wrong, but I was logged out of my mt4. I tried to login but my password wasn’t working anymore. I decided to reset my password, maybe I have forgotten it since I never used it more than once.
Till this very moment, this broker has not sent me code to reset it. I told customer service I want to withdraw my funds; maybe they decided to lock me out. They claim they send the code, I don’t see the code. This is a very bad broker after all. Stay away guys

Reply by ForexChief submitted May 20, 2022 Dear Jonathan

as you know you can reset/change MT password inside your Personal Area, just choose section "Change Account Password". If you get enabled 2FA Google Auth then you'll get OTP inside google app, otherwise it will come by email. Please be sure you check spam folder. Also you can contact support team to get some help, choose Live Chat on the website.
Have a nice day!

BR
ForexChief Representative

Please update my review for Forexchief. The withdrawal has gone through. I am sorry I didn’t understand the message you sent at first. Like I said, everything looks good. This was a mistake from my end. I have no issues your platform. I have been making money with you guys and I really appreciate the good services. I give you 5 stars for your patience and understanding.

Apr 28, 2022 - 1 Star My name is Aaron, my account is 1072291. I have been using Forexchief for 2 years. All this time I deposited via my bank card and withdraw profit to my bank account. Everything looks good, until recently when I decided to make deposits via Bitcoin. I understand the rules that I have to withdraw to my Bitcoin account. I made a huge profit of $732 recently and decided to withdraw via Bitcoin. My withdrawal didn't go through, because they said I provided wrong information. We have been at this for 5 days now. I feel the broker does not want to give me my money so I am here because I need help getting money from this broker. help!!!

Reply by ForexChief submitted May 2, 2022 Dear Youssef

Please check the comment inside your declined transaction, you specified wrong BTC address. Just repeat withdrawal request with correct BTC address. Have a nice week!

BR
ForexChief Representative