ForexChief Detailed Review 2023
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ForexChief Detailed Review 2023

A Trusted Forex Broker

ForexChief Ltd. (Company Number №14777) is licensed by the Vanuatu Financial Services Commission as a Dealer in Securities (Principal’s License) pursuant to Section 4, subsection (1) (a) of The Dealers in Securities (Licensing) Act [CAP. 70] as amended. The basic concept of the project is creation of a unique platform for online trading in currency contracts and precious metals on conditions of Margin Trading. The foundation of the project's technological infrastructure is built on the STP/NDD model avoiding not only a conflict of interest between the company and the client, but also, in general, increasing service quality by means of narrow spreads and high speed trading order execution.

As the basic platform, ForexChief offers MetaTrader 4/5 - the most popular trading platform for forex trading. Separately, institutional clients who offer broker services should pay attention to the STP-gate integrated into MetaTrader 4/5 that can connect liquidity through a regular trading account on MetaTrader 4/5 platform with minimum labor input.

The Company pays special attention to the technical stability of the trading servers and software that is provided to the client for trading operations. The technologies developed for liquidity aggregation as well as the system of their administration is based on cluster solutions, where a high level of reliability under abnormal loads can be maintained (especially where there is a large number of client orders coming to the trading server when economic news has been published).

The line of ForexChief account types has "cent" accounts (cent-MT4.DirectFX, cent-MT4.Classic+, cent-MT5.DirectFX and cent-MT5.Classic+), whose balance exceeds that of standard accounts hundredfold. This way, for instance, if a trader refills a cent account with USD 100, and that transfer is successfully completed, the amount of 10,000 (i.e. 100 times more) will be credited to the account, since USD cents is the account currency in this case. "Cent" accounts are an indispensable tool, both for beginners, whose experience does not allow them to invest significant capital, and for professionals, whose goals are fine tuning and testing trading robots in real market conditions. Also, this type of account provides an opportunity to have comprehensive testing in dealing with the company, and not risking a large deposit.

It is important to note that only client orders with the size from 1,000 units of the base currency, which corresponds to 0.01 of a lot on MT4.DirectFX, MT4.Classic+, MT5.DirectFX and MT5.Classic+ accounts, will be transmitted to counterparties. This way, for all orders whose size is below 1,000 units of the base currency, the Company acts as a dealer (the "second party" of the transaction).

💰 Account currency:USD, EUR
🚀 Minimum deposit:From $200
⚖️ Leverage:Up to 1:1000 (Max account)
💱 Spread:Average spread for EUR/USD is 0.0 pips (Nano), from 1.2 pips (standard)
🔧 Instruments:Currency pairs (60+), CFDs on stocks (70+), indices (10), metals (4), energy resources (5)
💹 Headquarters:
Office No.3, CNM Building, 1st floor, Port Vila, Vanuatu, Representative office: 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526

We have been providing services for 9 years! ForexChief started its activity in 2014 and is a well-known brand now.

ForexChief Ltd. (Company Number No14777) is licensed by VFSC as a Dealer in Securities (Principal's license) and is a member of the Financial Market Association.

The company undergoes a mandatory annual financial audit.

Providing the most popular Forex trading platforms MetaTrader 4 and MetaTrader 5.

Providing clients a universal platform for trading over 60 Instruments: Currency Pairs (Majors, Minors, and Exotics), Precious Metals (Gold and Silver), Energies (Crude oil and gas, including WTI and Brent), Stock indexes (10 leading stock indices), Cryptocurrencies (Bitcoin, Bitcoin Cash, Litecoin, Etherium, and Ripple), Stocks.

Client-based growth and development, with constant updating of accounts, and the addition of new trading instruments in demand by traders.

Availability of Standard and Cent Accounts such as MT5.DirectFX, MT5.Classic+, Сent-MT5.DirectFX, Сent-MT5.Classic+, MT4.DirectFX, MT4.Classic+, Cent-MT4.DirectFX and Cent-MT4.Classic+.

 Existence of Islamic Accounts (Swap-free).

Providing Investment Accounts (PAMM accounts) that unite investors and traders from all over the world and allows investors to earn without having to trade.

Possibility of free training in real market conditions by opening any number of Demo Accounts.

Using STP/NDD technology, which implies the broker does not interfere with the execution of financial operations to withdraw funds.

Servers are located in Frankfurt, London, Ireland, Bahrain, Singapore, which improves the quality of the client's trading terminal connection.

ForexChief has developed its own stream aggregation architecture that allows the company to have a significant reduction of spread sizes, slippage sizes, and percentage of refused orders. This way, the technological solutions developed to allow the Company to provide services as a Liquidity Provider for each forex broker interested in a stable stream of quotes and qualitative execution of orders.

Possibility of using all trading strategies, including scalping, and any tools, as well as Arbitrage.

Market-oriented and narrow spreads, on some accounts from zero pips, and average spread for EURUSD 0.4 pips.

Working with a minimum transaction of 0.01 standard lots, including Cent Accounts.

Maximum leverage of 1:1000.

Hedging or Netting position accounting system.

Providing advanced solutions to control and reduce trading losses through protection against negative balance.

Forex No Deposit Bonus of $100.

Up to $500 Welcome Bonus provided upon deposit.

Turnover Rebates (Cashback) with a progressive remuneration scale.

Trading credits up to 70% of the amount of all deposits, provided by the company.

24-hour Online support 7 days a week in English, and in different languages such as Indonesian, Spanish, Arabic, Chinese, Hindi, Bengali, Urdu, Farsi, Italian, French, Portuguese, Russian, Ukrainian (at certain hours), through various social networks as Live Chat, phone, WhatsApp, Viber, Telegram, Instagram, Facebook, Skype, WeChat, email, and ticket.

Affiliate Program «IB Pro»:

Remuneration according to the CPA model up to $300 for each attracted client;

Subsequent «eternal» remuneration for the client’s turnover calculated on a progressive scale the higher the turnover, the higher the remuneration.

White Label Program, which allows the partner to create his own Investment company using existing ForexChief technological infrastructure at a low cost.

An easy registration and verification procedure, and a user-friendly Personal Area that allows the client to enter the market as quickly as possible and start earning.

Traders can open additional accounts in the Personal Area, manage funds on Trading Accounts, and keep free funds on Transitory accounts in USD or EUR.

Different convenient Deposit and Withdrawal methods through electronic payment systems such as Cryptocurrencies, WebMoney, Perfect Money, NETELLER, Skrill, Advanced Cash, FasaPay, etc.

Instant internal transfer between clients' accounts.

Providing proprietary mobile application in order to invest and manage your accounts wherever you are.

Possibility to view weekly analysis, forecasts, and Forex news on Instagram and Facebook.

Existence of Library tab on the company’s website – including useful information about trading and working on the currency exchange.

Forex Promotions and Forex Bonuses

Forex No Deposit Bonus – $100 free bonus powered by ForexChief. It is the best way to check the company’s services and test your trading strategy chosen. You will get the No Deposit Bonus automatically inside the ForexChief mobile application, once account Verification is successfully completed.

Forex Welcome Bonus – a bonus which is equal to 100% of the first deposit, but does not exceed $500. It is credited automatically. The Profit can be withdrawn without any limitations, and the bonus itself can be withdrawn after required trading turnover completed.

We understand how difficult to attract investments even if you are a Guru in trading. So probably, we could help you bring your trading ideas to life. If you are an experienced trader with good trading history, this promo is for you! Create a new Investment Fund and get the first investor with $1000.

Are you looking for something more than you found on our website? Then probably we can offer you some additional services. We call it the “Special Trader Package” comprising several features, which we believe can bring valuable advantages to the daily work of each trader.

Macbook, iPhone,  iPad, Airpods, Apple watch, Cap, T-shirt, Flashdisk, Mug and other souvenirs for active traders! Unfortunately, at this moment Souvenirs are available only in few countries: India, Indonesia, Iran, Malaysia, Nigeria, Ghana, Benin, Vietnam. We are working to make them available in all other regions!


Vanuatu, Port Vila

Headquarters: Office No.3, CNM Building, 1st floor, Port Vila, Vanuatu

Office hours: Monday-Friday, from 10:00 to 17:00 (UTC+11)

E-mail (General questions): [email protected]

E-mail (Marketing department): [email protected]

E-mail (Partnership): [email protected]


Representative office:

2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526

Office hours: Monday-Friday, from 10:00 to 18:00 (UTC+8)

Telephone: +65 3159 3652

E-mail: [email protected]

Nigeria, Abuja:

Representative office: 6a Embu street, off Aminu Kano Crescent, Wuse 2, Abuja, Nigeria

Office hours: Monday-Friday, from 09:00 to 17:00 (UTC+1)

Telephone: +234 903 079 5364

E-mail: [email protected]

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