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ForexChief

ForexChief Featured Broker

ForexChief

  • Overall Rating
  • 5.0/5.0

🏦Min. Deposit


$100


🛡️Regulated By
💵 Trading Cost


USD 4


⚖️Max.Leverage


                1:500



💹Copy Trading





🖥️Platforms
💱Instruments 
 

ForexChief Overview

International offices

Office No.3, CNM Building, 1st floor, Port Vila, Vanuatu, Representative office: 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526

Broker Type

STP/NDD

Broker Status

Independent Broker

Accept U.S Clients

No

Live Chat

Yes

Phone

+65 3159 3652, +234 903 079 5364

Fax

No

Email

info@forexchief.com, marketing@forexchief.com, partnership@forexchief.com

Website Languages

English, Spanish, Portuguese, Russian, Chinese, Bangla, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean, Urdu, Malay, Hindi and More

ACCOUNT INFORMATION

Free Demo Account

Yes                                                                                                                                                                                                    

Min. Deposit

$10

ECN account

Yes

Account Currencies

USD, CHF, GBP, EUR, JPY

Maximum Leverage

1:1000

Minimal Order Volume

0.01

Segregated accounts

Yes, for all accounts

Swap-free Accounts

Yes

MAM/PAMM accounts

Yes

Managed account

Yes

Interest on margin

Yes

Deposit/ Withdraw Options

 

Bank wire, Debit/Credit card, Neteller, Skrill, FasaPay, Local Payment means in: Indonesia, Malaysia, Bangladesh, Pakistan, Nigeria, Thailand, India and More

TRADING TERMS

Trading Platforms

MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, HFM Platform for Android, HFM Platform for iOS

Precision pricing

5 digits

Type of Spread

Fixed/Variable

Commission

Yes

Lowest spread on EURUSD

0.0 pips

Scalping

Yes

Hedging

Yes

Expert Advisors

Yes

One-click execution

Yes

OCO orders

Yes

Mobile Trading

Yes

Web Trading

Yes

Gold, Silver

Yes

CFDs

Yes

Other Trading Instruments

Yes

Promotion

No Deposit Bonus $100,  Welcome Bonus up to $500

Trading Contests

Trading Credits

ForexChief Regulated & Licensed

Licensed by VFSC as Dealer in Securities. Member of FMA.

MetaTrader 4 and 5

Platform MetaTrader 4/5, 8 account types, 5 account currency (USD,EUR,GBP,CHF,JPY).

Wide range of contracts

Forex, Metals, Commodity, Indices, Stock, Crypto CFDs

Aggregated liquidity

Tight spreads from 0 pips. STP/ECN. No dealers and no Requotes.

Partnership

CPA for each client up to $300.

Subsequent «eternal» remuneration for the turnover.

Bonuses

No Deposit Bonus.

Welcome Bonus $500.

Turnover Rebates.

Company Profile

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).

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