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

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.
UAE, United Arab Emirates,
Aug 4, 2021,
Registered user

Impressive conditions

Service use: Live Length of use: 3-6 Months
One of the things I can say that separates Forexchief from many brokers like it is their simplicity. I registered 4 months ago to use 1:1000 leverage at the time. Yes, one can get up to that, but I reduced mine to 1:200. From funding, trading to withdrawal. Everything works fine. Only thing I am not happy with is that i did not get welcome bonus for my first deposit.
1 trader has found this review helpful
Reply by ForexChief submitted Aug 9, 2021:
Dear Kimzqueen

We provide Welcome Bonus and No Deposit Bonus, please check Promo section on the website, there you will find instruction how to get them.

ForexChief Representative
feni, Bangladesh,
Jul 27, 2021,
Registered user


Length of use: 0-3 Months
dear FPA LOGIN TO METATRADER 4: 1259838 i got welcome bonus form my account full verified by phone call & documents i made profit near 400+they gave terms 50 lot i fill up it in 1 month hard try but they. i requested for withdrawal just only for 46$ by pm money account .today i seen my account is blocked & hunt & scam with my hard ALL earn money.
1 trader has found this review helpful
Reply by ForexChief submitted Jul 29, 2021:
Dear sayedbd

According to the rules of the bonus you were requested “ID confirmation photo”, upload the file in the Personal Area as requested, then you will be able to use No Deposit Bonus.

ForexChief Representative
NG, Nigeria,
Jul 16, 2021,
Registered user

Easy to trade forex and crypto

Service use: Live Length of use: 0-3 Months
Very convenient platform. Registration and verification process was smooth. 3 weeks testing period was enough for me. Did my first withdrawal and was sent in 6 hours precisely. I like this broker.
Caxias, Brazil,
Jul 5, 2021,
Registered user

High slippages

Service use: Live Length of use: 0-3 Months
When I started operating in the broker all orders were perfectly valid. But when I hit about 10% of profits strange things started happening in my account, like: trades weren't closed and my orders were validated at over 15 pips (150 points) from where the price was.

I contacted the support and they said that the chart that appeared to me was not the same chart where my trades were held. What is the point of presenting a different chart?

The conclusion I have reached is that if you are looking for a serious broker run away from ForexChief, because if you profit strange things will happen to your account just as it happened to me.
1 trader has found this review helpful
Reply by ForexChief submitted Jul 7, 2021:
Dear JeovaneReges

When you trade right after midnight in moment of poor liquidity, certainly you should be ready for slippages. We had explained your team that unfortunately we do not have LPs who will cover such trades by non-market price in moment of poor liquidity. But we are sure you understand this clearly when you try to catch spikes on the poor market.

We really doubt you find some broker who can manager such deals by price requested, but if you find it please let us know and we will add them in our LPs pool, thanks

ForexChief Representative
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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.