Trading Accounts & Conditions
All types of accounts offer leverage of up to 1:400 and the possibility of trading with micro lot sizes and do not require a amount of initial deposit.
Indeed, the services offered by ForexChief seems appealing: There is no requirement to make an initial deposit. (However be aware that, in order to perform transactions the required amount of funds is required to be in the trading account.) Furthermore trading charges for all types of accounts add up at an average 0.7 pip per standard amount for the USD/EUR pair and most brokers have spreads in the range of 1.0 to 1.5 pips on this pair.
The Company. Security of Funds
In 2014, the company was founded. ForexChief operates as an off-shore broker authorized with the Vanuatu Financial Services Commission as an agent in Securities (Principal’s License). The company is headquartered located in Singapore in Singapore and Moscow and provides trading in both forex and precious metals through MetaTrader 4. MetaTrader 4 .
Vanuatu (formerly called Vanuatu (formerly known as New Hebrides Islands) offers numerous tax advantages including there is no tax on income, capital gains tax, nor inheritance tax. In addition, the registration process for binary brokers and forex is quick and inexpensive which is the reason Vanuatu is so well-known.
Additionally, the capital requirements in Vanuatu are quite small, at $2000.
We believe that offshore-regulated brokers must be generally avoided regardless of the claims they make because the regulations and rules for them are extremely inadequate, if at all. We recommend you choose an forex broker that is licensed in UK or Cyprus for example, where regulations are strict and compensation plans are in place that will safeguard your funds in the event that your broker goes under.
Trading Platform
Like many brokerages, ForexChief supports the most well-known platforms for trading, MetaTrader 4 (MT4), available as mobile and desktop versions.
It gained its fame because of its ease of use and a variety of beneficial functions that enable traders to not only conduct transactions but also to study market trends, automate their trades with a broad variety of Expert Advisors (EAs) and to test their strategies back.
Promotion
This broker gives a welcome bonus of $20. Bonus No Deposit. The Bonus or the Profit is withdrawn after the trading volume on 1,000,000 USD for the account.
Methods of Payment
ForexChief provides its customers two payment options that include credit/debit card, as well as electronic wallets Skrill, WebMoney, FasaPay and Qiwi.
Conclusion
ForexChief is another broker offshore licensed in Vanuatu that provides trading online on the MT4 platform. Our primary concern is its lack of regulation, but its services are appealing.
| ForexChief Summary | |
|---|---|
| ForexChief Details | Information |
| Regulators | |
| Country |  Singapore |
| Base Currencies | USD |
| Type Of Brokers | STP, NDD |
| Trading Platform | Desktop, Mobile, MT4 |
| Established Year | 2015 |
| Website Language | English |
| US Clients | |
| ForexChief Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.1 |
| Commission | |
| Fixed Spreads | |
| ForexChief Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Wire transfer |
| Acc Withdrawal Methods | Wire transfer |
| ForexChief Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| ForexChief Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:400 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | 1 USD |
| Islamic Account | |
| ForexChief Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| ForexChief Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +41 44 505 1495 |
| info@forexchief.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | 1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu. |
