ForexChief - Review and Rating of a Forex Broker

Позиция в рейтинге:
7
Логотип ForexChief
ForexChief Rating:
3.8
Vote:
Reviews:138
86
4
48

Reviews about ForexChief

16.10.2020
I like forexchief because it has a wide variety of technical analysis that allows me to get the most out of the assets that I have invested and leave a good profit margin.
01.10.2020
I like that forexchief allows me to upload my own tools and bots, it also allows me to make my entries and follow them through the app, I can have my funds at any time and withdraw them quickly.
11.09.2020
I like to invest 10% of my earnings in forexchief because I like to be proactive in my finances, and with the tools it provides, it makes it easier for me to make my entries.
24.08.2020
At the moment I am only testing the demo account and it seems to me that it is a good broker to invest in because its tools are very fluid as well as effective, I would like it to have more payment methods.
29.07.2020
I like how the foexchief broker works since they have a fairly modern mt4 platform and with a refined operation, which allows me to work comfortably and without the inconvenience of those brokers who do not bother to maintain their platforms.

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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