ForexChief
ForexChief Broker Overview
Here is every key fact about ForexChief in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | ForexChief |
|---|---|
| Broker name | ForexChief |
| Foundation year | 2014 |
| Headquarters | Unit 5, Level 24, 8 Jurong Town Hall Road, Singapore, 609434 |
| Country | Vanuatu |
| Telephone | +65 3159 3652 |
| Email / Skype | info@forexchief.com |
| Regulated by | — |
| Type of broker | ECN/STD |
| Min. deposit | $10 |
| Max leverage | 1:400 |
| Min. spreads | 0.1 Pips |
| Funding methods | Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin |
| Withdrawal methods | Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin |
| Base currencies | USD |
| Languages | English, Chinese, Indonesian, Vietnamese, Thai, Malaysia, Arabic and More |
| Trading platforms | MetaTrader4, MT4 for iPhone and iPad, MT4 for Android, MetaTrader5, MT5 for iPhone and iPad, MT5 for Android |
| Tradable instruments | Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✗ No |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | $100 Forex No Deposit Bonus |
| Promotion | $500 Forex Deposit Bonus |
In simple words: traders get MetaTrader4 and MT4 for iPhone and iPad, spreads from 0.1 Pips, leverage up to 1:400 and a $10 minimum deposit. New clients can also check the current $500 Forex Deposit Bonus. Tradable markets include Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs.
Is ForexChief Safe? Regulation and Company Details
ForexChief does not list a regulator on its profile, so treat it as an unregulated broker.
Regulation
No regulator is listed on the broker profile.
Head office
Unit 5, Level 24, 8 Jurong Town Hall Road, Singapore, 609434 (Vanuatu)
Client funds
The broker does not list segregated client accounts.
Track record
In business since 2014. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:400.
ForexChief Trading Conditions
Spreads and commissions
ForexChief spreads start from 0.1 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:400, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader4
Desktop platform
MT4 for iPhone and iPad
Mobile platform
MT4 for Android
Mobile platform
MetaTrader5
Desktop platform
MT5 for iPhone and iPad
Mobile platform
MT5 for Android
Mobile platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
ForexChief Account Types
ForexChief offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $10 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at ForexChief
ForexChief supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
ForexChief Bonus and Promotions
Bonuses are a big reason traders search for ForexChief. Availability depends on your country and the account type.
- $500 Forex Deposit Bonus — the current promotion for ForexChief clients. Check the volume rules before you claim it.
- Yes — welcome offer for new accounts.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official ForexChief website before accepting any offer.
ForexChief Pros and Cons
Pros
- $500 Forex Deposit Bonus
- Low $10 minimum deposit
- Spreads from 0.1 Pips, ECN/STD execution
- MetaTrader4 and MT4 for iPhone and iPad and more platforms
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
- 7 deposit and withdrawal methods
Cons
- No segregated client accounts
- Bonus comes with trading-volume rules
How to Open a ForexChief Account
- RegisterFill in your name, email, country and phone number on the ForexChief sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4 / MT5).
- Fund and tradeDeposit from $10 with your preferred method, claim any eligible bonus, then log in and start trading.
About ForexChief
Regulated & Licensed
Licensed by VFSC as Dealer in Securities. Member of FMA.
MetaTrader 4 and 5
Platform MetaTrader 4/5, 8 account types, 5 account currency (USD,EUR,GBP,CHF,JPY).
Wide range of contracts
Forex, Metals, Commodity, Indices, Stock, Crypto CFDs
Aggregated liquidity
Tight spreads from 0 pips. STP/ECN. No dealers and no Requotes.
Partnership
CPA for each client up to $300.
Subsequent «eternal» remuneration for the turnover.
Bonuses
Welcome Bonus $500.
Turnover Rebates.
Company Profile
ForexChief Ltd. (Company Number №14777) is licensed by the Vanuatu Financial Services Commission as a Dealer in Securities (Principal’s License) pursuant to Section 4, subsection (1) (a) of The Dealers in Securities (Licensing) Act [CAP. 70] as amended. The basic concept of the project is creation of a unique platform for online trading in currency contracts and precious metals on conditions of Margin Trading. The foundation of the project's technological infrastructure is built on the STP/NDD model avoiding not only a conflict of interest between the company and the client, but also, in general, increasing service quality by means of narrow spreads and high speed trading order execution.
As the basic platform, ForexChief offers MetaTrader 4/5 - the most popular trading platform for forex trading. Separately, institutional clients who offer broker services should pay attention to the STP-gate integrated into MetaTrader 4/5 that can connect liquidity through a regular trading account on MetaTrader 4/5 platform with minimum labor input.
The Company pays special attention to the technical stability of the trading servers and software that is provided to the client for trading operations. The technologies developed for liquidity aggregation as well as the system of their administration is based on cluster solutions, where a high level of reliability under abnormal loads can be maintained (especially where there is a large number of client orders coming to the trading server when economic news has been published).
The line of ForexChief account types has "cent" accounts (cent-MT4.DirectFX, cent-MT4.Classic+, cent-MT5.DirectFX and cent-MT5.Classic+), whose balance exceeds that of standard accounts hundredfold. This way, for instance, if a trader refills a cent account with USD 100, and that transfer is successfully completed, the amount of 10,000 (i.e. 100 times more) will be credited to the account, since USD cents is the account currency in this case.
"Cent" accounts are an indispensable tool, both for beginners, whose experience does not allow them to invest significant capital, and for professionals, whose goals are fine tuning and testing trading robots in real market conditions. Also, this type of account provides an opportunity to have comprehensive testing in dealing with the company, and not risking a large deposit.
It is important to note that only client orders with the size from 1,000 units of the base currency, which corresponds to 0.01 of a lot on MT4.DirectFX, MT4.Classic+, MT5.DirectFX and MT5.Classic+ accounts, will be transmitted to counterparties. This way, for all orders whose size is below 1,000 units of the base currency, the Company acts as a dealer (the "second party" of the transaction).
ForexChief Review: key facts
ForexChief is an ECN/STD broker, established in 2014, based in Vanuatu. It is regulated by No. Trading conditions at ForexChief include a minimum deposit of 10, leverage up to 1:400, spreads from 0.1 Pips.
Clients can trade on MetaTrader4, MT4 for iPhone and iPad, MT4 for Android, MetaTrader5, MT5 for iPhone and iPad, MT5 for Android, in the web browser and on mobile. Available markets: Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs. Account base currencies: USD.
ForexChief offers a free demo account, Islamic accounts, swap-free accounts, mini accounts, VIP accounts and managed accounts. Trading rules: hedging and scalping are allowed, news trading is allowed. Deposits can be made by Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More.
Withdrawals are available via Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More. Current offers — welcome bonus: Yes; no deposit bonus: $100 Forex No Deposit Bonus; other promotions: $500 Forex Deposit Bonus. Bonus terms can change, so always check the conditions before you deposit. The website is available in English, Chinese, Indonesian, Vietnamese, Thai, Malaysia, Arabic and More.
ForexChief FAQ
Is ForexChief regulated?
Yes. ForexChief is regulated by No.
What is the minimum deposit at ForexChief?
The minimum deposit at ForexChief is 10.
What is the maximum leverage at ForexChief?
ForexChief offers leverage up to 1:400. Leverage may be lower depending on your country and account type.
What are the spreads at ForexChief?
Spreads at ForexChief start from 0.1 Pips.
Which trading platforms does ForexChief offer?
ForexChief offers MetaTrader4, MT4 for iPhone and iPad, MT4 for Android, MetaTrader5, MT5 for iPhone and iPad, MT5 for Android.
Does ForexChief offer an Islamic (swap-free) account?
Yes, ForexChief offers Islamic swap-free accounts.
Does ForexChief have a demo account?
Yes, ForexChief offers a free demo account.
How can I deposit money with ForexChief?
ForexChief accepts Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More.
When was ForexChief founded?
ForexChief was established in 2014 and is based in Vanuatu.
How do I withdraw money from ForexChief?
Withdrawals at ForexChief are possible via Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More.
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose ForexChief?
ForexChief earns 5.0/5 — a $10 entry cost, MT4 / MT5 platforms and a track record since 2014.
ForexChief suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
