ForexChief - Review and Rating of a Forex Broker

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Логотип ForexChief
ForexChief Rating by voting: 75.03
Vote:
Reviews:132
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Reviews about ForexChief

27.06.2020
I like forexchief's low commission because it adapts to my investment style because I do not like to take significant risks and I like to be calculating about my finances.
04.06.2020
I invested in forexchief because I like to work from home and it is the broker that I liked the most because you have rewards for making good weekly transactions, its low commission also helps you get started.
18.05.2020
forexchief allows me to preorder my orders and that opens up the possibility of automatic trading, the truth is that I get up early to work and I don't have much time to trade on the day so I leave my orders and follow up on the app
24.04.2020
I like to think that we all have the option of being successful, so I did not refuse to try the forexchief broker when they recommended it to me, start with very little, to minimize losses and now that I have been practicing ordering and managing the deposit for a while , withdrawal of funds and handling of the platform I feel that it will go very well, I am happy with its operation
15.04.2020
At the moment I am still testing your demo account and it seems to me a broker with good trading signals. I am struck by their low commission, good technical support and the ability to sell my successful transactions.

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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