ForexChief Featured Broker
Fxdailyinfo.com- Time: 12 August 2022 12:51 PM
| 🏦 Min. Deposit | 10 |
| 🛡️ Regulated By | Dealer in Securities (Principal’s License) issued by VFSC |
| 💵 Trading Cost | USD 4 |
| ⚖️ Max. Leverage | 1000:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4, MT5 |
| 💱 Instruments | Bonds, Stock CFDs, Forex, Futures, Indices, Metals |
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 protected], [email protected], [email protected] | |
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 |
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
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).