ForexChief Review

4.051 • 70 REVIEWS
Updated: Mar 5, 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
4.051 • 70 REVIEWS

Traders Reviews

São Paulo, Brazil,
Apr 13, 2022,
Registered user

Good services, fast orders and quick withdrawal

Service use: Live Length of use: 0-3 Months
I signed up with Forexchief after a recommendation from a friend few weeks ago. I wanted a broker that I can use cryptocurrency as a payment method and also trade a few of the pairs offered. This broker has the BTCUSD, ETHUSD, XRPUSD and some stocks that I am interested in. I did two withdrawals a week ago, two days apart. I got fund within a few hours to my Bitpay account; I consider this fast in comparison with two other brokers I have used. So am I impressed with this broker? YES! I have no issues at all. All trades are executed at good speed, no re-quote. I won't write much at this time, still more years to work with these guys; hopefully things will remain the same or better. I want to recommend this broker to anyone looking
Varna, Bulgaria,
Mar 29, 2022,
Registered user

I’ll recommend this broker any day

Service use: Other Length of use: 0-3 Months
Forexchief offers pure ECN account with flexible spreads. I have compared with other brokers and I verified that the spread on many major pairs is lower. But one cannot judge a broker by the good trading conditions alone. If there is conflict of interest, you are bound to lose money no matter how hard you try. Please stay away from brokers that trade against you. With low spreads, high leverage, fast orders and quick payments, Forexchief makes my top list. They might not be on the general top list, but as long as I trade comfortably and withdraw my profit, I don’t care. I’ll recommend this broker any day.
Abj, Nigeria,
Feb 14, 2022,
Registered user

More than Average, Easy to trade with

Service use: Live Length of use: 3-6 Months
There is so much one can do with a very fast broker. Forexchief offers mt5 and mt4, with very fast servers. I use a no-requote account, although orders are open at high or lower prices than intended, but it doesn't hurt most of the time. The spreads are really tight. I have made profit of $1233 so far. Keep up the good work.
Abj, Nigeria,
Oct 12, 2021,

Really impressed

Service use: Live Length of use: 0-3 Months
I set up a demo account with Forexchief two months ago. I used the demo for two weeks and every thing was okay. During the time, customer service did great, helped me a lot with newbie questions. I opened a live account afterward, with $200. Started small and I was able to make profit. I still use Forexchief because they offer good conditions for trading. I don’t have experience with other brokers, but as along as I’m successful with this one, I keep trading. While many of my friends complain about services from their brokers, I don’t worry. I have recommended this broker to a few. Fast withdrawal is also a bonus point. It’s a 5 star broker for me. My name is Desmond.
NG, Nigeria,
Sep 12, 2021,
Registered user

Still Preferred

Service use: Live Length of use: over 1 Year
I returned to use this broker after a short break from Forex. Some things have changed. The spreads are lower and funding is now very fast. Forexchief treated me well 2 years ago despite the difficulty we get from my country. Two months into trading again and I am already making good profit. Order execution speed is perfect as usual.
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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.