ForexChief Review

4.08 • 71 REVIEWS
Updated: Mar 31, 2023
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. Please read ForexChief Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $10
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

Trading Instruments

Currencies: (40+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (115+) Gold, Silver, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

PAMM: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AdvCash, Alipay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AdvCash, Alipay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney
4.08 • 71 REVIEWS

Traders Reviews

Dhaka, Bangladesh,
Jan 20, 2018,
Registered user

this is a good broker that I could recommend

My Forex Experience: I have started my Forex life with forexchief with their No Deposit Welcome Bonus worth of 100 USD. But I failed to received the money as my account became zero when TO was 8.4 m instead of 10 m (their requirement to get the Bonus). Then I deposited a small money (210 USD) that grow upto 938, and then become zero. However, as I am a newbie I do not mind of losing that money. Now, I am much more less aggressive on my trading.

About the Broker: I have been using this broker for last four months. I have a very pleasant experience with them. Their Deposit and withdraw is very quick. I made 06 times Neteller deposits and 02 times Neteller withdraws, very fast execution.

Live Support: Not that good. Not very experienced may be. I had trouble with Mobile Phone MT4 platform. But the customer service failed to solve. Anyway, I have solved that problem by reinstalling the MT4 platform.

Suggestion about trading credit:
They have 50% TRADING CREDIT THAT one have to choose during the first time deposit and can remove at any time. But, suggestion is : credit should be available at anytime based on the Balance or equity of the portfolio. And, withdraw/ remove of credit should be on fraction basis. Like I have deposited 500 USD and get 250 USD as credit. I would like to reduce my credit to 200 USD (remove 50 USD credit) but their system does not allowed that. On the other hand, I have deposited 500 USD but did no choose any credit but at some point I would like to get the credit (based on portfolio) that also not possible.

IN A NUT SHELL: this is a good broker that I could recommend.
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.
Dhaka, Bangladesh,
Aug 3, 2018,
Registered user

I like this broker.

I'm trading with ForexChief for 3 years, didn't got any problem till now. They providing fast withdrawal system and low spread.
1 trader has found this review helpful
Indonesia, Indonesia,
Nov 17, 2018,
Registered user

Excellent broker throughout history, order execution is very fast and without requere and slipage, and good support services make me like trading in my own shop, success continues for forexchief
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.
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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 $10 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 and 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.