ForexChief - Review and Rating of a Forex Broker

8
Логотип ForexChief
ForexChief Rating by voting: 75.03
Vote:
Reviews:127
80
4
43

Reviews about ForexChief

17.02.2020
Very good broker is easy to use and with good tools, especially the scripts which I learned to use optimally thanks to technical support, it is also easy to make withdrawals.
19.01.2020
I think it is a safe broker because I have already been able to withdraw through skrill, it fits my needs and allows me to increase my earnings, I would like it to have more payment methods but I suppose that over time they will be adding more.
10.01.2020
When I do a graphical analysis of the market I can do them using seven time frames: minute, five minutes, fifteen minutes, half an hour, hour, four hours, day, gives many facilities in that regard.
23.12.2019
It is very good the forexchief platform has all the tools to do your analysis, and it is an application that you can use very easy, it is the best to make very intuitive trading I am using the account in cents and I think to change it to normal.
13.12.2019
I enjoy learning day by day about life as an independent investor, forexchief has served me as a commercial ally since my beginnings, with its instructive articles and enlightening tools on market movements.

General information about ForexChief

  • Status: Recommended broker
  • Founded in: 2014
  • Regulation and jurisdictio: Dealer in Securities (Principal’s License) issued by Vanuatu Financial Services Commission (VFSC)
  • Affiliate Program:
  • Special Features:
  • Contact Data:
    Unit 5, Level 24, 8 Jurong Town Hall Road, Singapore, 609434
  • Official website: http://www.forexchief.com/

ForexChief Trading Conditions


Types of Accounts:
Minimum account: none
Minimum lot: 0.01
Spread: market from 0 pips
Payment options: QIWI, Wire Transfer, Yandex.Money
Trading Software: MetaTrader 4
Investment Programs:
Bonuses and Contests:
BITCOIN FOREX BROKER NO

About ForexChief

ForexChief is a trademark owned by ForexChief Ltd., registration number 14777, incorporated under the laws of the Republic of Singapore. The basic concept of the project is to create a universal platform for online trading in currency contracts and precious metals on the terms of Margin Trading. Technological infrastructure of the project is based on the STP/NDD model allowing not only to avoid conflict of interests between the company and the customer, but also to offer a service of a higher quality due to narrow spreads and extra-fast orders execution.

As a base platform, ForexChief offers MetaTrader 4 - the most popular trading platform for Forex trading. Inaddition, it is worth paying the attention of institutional clients providing brokerage services to the STP gateway integrated in MetaTrader 4 and allowing to connect liquidity through a regular trading account on MetaTrader 4 platform with minimal labor costs.

The company pays special attention to the technical stability of trading servers and software offered to traders. Technologies developed for liquidity aggregation, as well as their administration system, are based on cluster solutions, which allows maintaining a high level of reliability under unusual loads (especially in case of numerous client orders sent to the trading server while publication of economic news).

ForexChief also offers “cent” accounts (cent-MT4.DirectFX and cent-MT4.Classic +), and their balance exceeds the balance of standard accounts by 100 times. So, for example, if a trader deposits 100 USD to a cent account, then in case of a successful trade, an amount of 10,000 (i.e. 100 times more) will be credited to the account, since the account currency in this case is USD cents. “Cent” accounts are an indispensable tool both for beginners, whose experience does not yet allow them to invest tangible capital, and for professionals whose goal is to debug and test trading robots under real market conditions. Also, this type of account allows to comprehensively test the level of dealing in the company, without risking a substantial deposit.

It is worth mentioning that only client orders of 1000 base currency or higher are performed to counterparties, and it corresponds to 0.01 lot on MT4.DirectFX and MT4.Classic + accounts. Thus, for all orders below 1000 base currency, the company acts as a dealer ("second side" of the transaction).

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