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This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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ForexChief reviews

6/10 (votes 2636)

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On-line since: 2014
Country of origin: Singapore
Regulation: VFSC
Payment options: wire transfer, Visa, MasterCard, Yandex.Money, WebMoney, Qiwi Wallet, Skrill
Minimum account size: $1
Minimum lot size: 0.01
Leverage: up to 1:400
Spreads: from 0 pips

The broker is owned by the ForexChief Ltd company and offers online trading services to natural and legal persons on the STP/NDD model.

ForexChief provides safe access to trades through the most popular MetaTrader4 platform that is also available for mobile devices on Android and iOS.

Trading accounts

The client can choose one of the four account types: MT4.DirectFX, MT4.Classic+, cent-MT4.DirectFX, and cent-MT4.Classic+. Each account can be opened with a minimum deposit of $1 in the following currencies – USD/CHF/GBP/EUR/JPY/RUB. It is possible to trade 40 currency pairs and 2 metals. The maximum leverage is up to 1:400, the stop out level is 30%, there is no re-quotes for each account type, and the minimum deal size is 0.01 lots. Bonuses and trading credits are available to the clients. Besides, expert advisors and scalping are allowed with the company.

The accounts also have some differences. The cent-MT4.Classic+ and MT4.Classic+ accounts have no commission. Spread for the MT4.DirectFX and cent-MT4.DirectFX accounts starts from 0 pips; and for others, from 0.3 pips.

Bonuses

The broker offers two bonuses: Welcome bonus and Turnover Bonuses, which amount depends on orders closed within a week.

Trading signals

There are MetaQuotes trading signals that allow clients to successfully copy trading deals of professional traders. Besides, clients can become providers of trading signals.

You can read the latest reviews on ForexChief in the comments section.

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Comments about broker

Asryil trader

review ForexChief

19-04-22

I don't like ForexChief's client support. The client supports are not helpful, and they couldn't sort out issues about the trading account. It does not give a good impression to me because when I called them, they promised to sort it out, but they did not. For this reason with no assistance from their support, So I closed my account at this broker. I don't see any other future business with them.

Vipul trader

review ForexChief

27-10-21

I deposit money to my trading account using my Yandex wallet. So far, the transactions are going smoothly. My trading activities are also great because of the stable platform and tight spread.

Roger trader

review ForexChief

27-07-21

Forex Chief broker is the worst broker I've ever trade with. They are not providing good services for the clients. Their platform is not working correctly, I have experience crashes and freezing too often. I have called their support team regarding that trouble, but they simply ignore it. I have no idea what kind of broker this is. I regret to join them. Now, I still have a balance in my account. I want to withdraw all the balance and close my account at this broker for sure. Never trade with them. Trading with them is only wasting time and money.

Jeffery T trader

review ForexChief

25-04-21

After a year of trading with Forexchief mt4 I can now say I am truly impressed.

Emmy Santos trader

review ForexChief

25-02-21

ForexChief platform is perfect for me, As it executed timely on the live price, While their spread is low and it helps me to do scalping trade. Besides I have customized the platform with an EA, it works well so far. Till now I've withdrawn about $500 profit. So I say ForexChiefis a profitable platform for scalper traders.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

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