Forex Brokers

ForexChief

ForexChief Ltd. is a broker licensed by the Vanuatu Financial Services Commission and adopts the execution model of STP/NDD.

ForexChief Ltd. is a broker licensed by the Vanuatu Financial Services Commission and adopts the execution model of STP/NDD.

Security Analysis

ForexChief currently only accepts the offshore supervision of Vanuatu VFSC. Please note that the supervision of foreign exchange trading activities by offshore regulators is not strict, which means that the safety of ForexChief clients' funds may not be effectively protected. Investors should use ForexCheif, a foreign exchange trading platform, with caution.

Financial Instruments

ForexChief provides investors with trading products in popular financial markets, including major foreign exchange currency pairs, minor currency pairs, exotic currency pairs, spot metals, commodities, stock indices, and cryptocurrencies.

Account & Leverage

ForexChief's MT4 & MT5 trading platform has four different accounts. The account types of the MT4 trading platform are mainly MT4 direct foreign exchange account (MT4.DirectFX), MT4 classic+ account (MT4.Classic+), cent-MT4 direct foreign exchange account (Cent-MT4.DirectFX) and cent-MT4 classic+ account ( Cent-MT4.Classic+). The minimum deposit is $50 or the equivalent currency, and the trading leverage is as high as 1:1000. The account types of the MT5 trading platform are mainly MT5 direct foreign exchange account (MT5.DirectFX), MT5 classic+ account (MT5.Classic+), cent-MT5 direct foreign exchange account (Cent- MT5.DirectFX) and cent-MT5 classic+ account ( Cent-MT4.Classic+). The minimum deposit for the account is $50 and the trading leverage is up to 1:400.

Spread

In the MT4 direct foreign exchange account (MT4.DirectFX), the minimum spread for EURUSD is 0 pips, the minimum spread for Gold USD and Silver USD is 0 pips, the minimum spread for British crude oil is 1.4 pips, and the minimum spread for US crude oil is 1.2 pips with a trading commission of $15 per million dollars ($15 per 1 mln. USD). In the MT4 Classic+ account (MT4.Classic+), the minimum spread on EURUSD is 0 pips, the minimum spread on Gold USD is 9 pips, and the minimum spread on Silver USD is 2 pips, and there is no transaction commission.

Trading Platform

ForexChief provides traders with market-leading and well-received MT4, MT4 iPhone & Android & iPad version, and MT5, MT5 iPhone & Android & iPad version to meet the wide range of needs of users.

Deposits

ForexChief supports a variety of deposit and withdrawal methods, including bank transfer SWIFT, bank transfer SEPA, local bank transfer, credit/debit card, China UnionPay, Skrill, NETELLER, WebMoney (0.8% fee for deposit, up to $50 /EUR), FasaPay, Perfect Money (1.99% fee for deposits). Users pay a 2% fee for withdrawals via credit/debit card, 1% for withdrawals via Skrill, and 1.9% for withdrawals via NETELLER.

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