What is ForexChief?

ForexChief is an online Forex and CFD broker that provides high-quality and inexpensive forex services to individuals and legal entities based on modern technologies in the field of online trading.

In addition, special attention in the project is paid to working with institutional clients who strive to provide their traders with the best trading conditions due to high liquidity and low spreads.

Services are provided by ForexChief Ltd. (registration number 14777) operating under a Dealer in Securities (Principal’s License) issued by the Vanuatu Financial Services Commission under Section 4, subsection (1) (a) of The Dealers in Securities ( Licensing) Act [CAP. 70].

To make transactions with foreign exchange contracts and metals, the company’s clients are offered the most popular trading platform in the field of forex trading – MetaTrader 4/5.

In addition, the line of account types contains “cent” accounts, the balance dimension of which allows them to be used not only to reduce investment risks but also to test trading conditions in general.

Go to ForexChief’s Official Website

Why traders choose ForexChief?

There are many reasons to choose ForexChief as your main Forex broker, such as the following.

Regulated broker
Regulated broker with financial license.
MetaTrader 4/5 platform
MetaTrader 4/5 platform, 8 account types, 6 account currencies (USD, EUR, GBP, CHF, JPY).
Wide range of trading instruments
Currency, Metals, Energy, Stock indices.
Aggregated liquidity
Aggregated liquidity and spreads from 0 pips. Instant processing of ECN / STP orders.
Bonus programs
Trade Credits, Turnover Bonuses, Welcome Bonus $500.
Affiliate program
CPA payouts up to $ 300. “Perpetual” payments for turnover up to $ 15 per 1 million USD turnover.
Deposit and withdrawal of funds
Segregation of client funds, Protection against negative balance, 0% commission, Wide range of payment systems.

Despite the maximum loyalty to each client, the project is primarily aimed at experienced traders, whose knowledge and skills allow taking full advantage of the advantages that ForexChief offers.

Nevertheless, given the high risks in Forex operations, the company also offers “cent” accounts for beginners, which, on the one hand, allow avoiding large financial losses, and on the other hand, make it possible to fully experience the complexity of working with real money.

Sign up for ForexChief

ForexChief’s Trading Account Types

Connecting additional providers, squeaking for new solutions, and developing improvements for the liquidity aggregation technology are the current priorities in the development of the project.

Account Type MT4 DirectFX MT4 Classic+ pamm-MT4 DirectFX pamm-MT4 Classic+ cent-MT4 DirectFX cent-MT4 Classic+
Trading Platforms MT4 and MT5 MT4 and MT5 MT4 and MT5 MT4 and MT5 MT4 and MT5 MT4 and MT5
Required Minimum Deposit $50 $50 $100 $100 $50 $50
Account Currency USD, CHF, GBP, EUR, JPY USD, CHF, GBP, EUR, JPY USD, EUR USD, EUR USD, CHF, GBP, EUR, JPY USD, CHF, GBP, EUR, JPY
Maximum Leverage 1:1000 1:1000 1:1000 1:1000 1:1000 1:1000
Execution Model Market Execution Market Execution Market Execution Market Execution Market Execution Market Execution
Minimum Spread 0.0 pips 0.3 pips 0.0 pips 0.3 pips 0.0 pips 0.3 pips
Trading Commission $1.5 per lot None $1.5 per lot None $1.5 per lot None
Re-quotes None None None None None None
Contract Size 100,000 units 100,000 units 100,000 units 100,000 units 100,000 units 100,000 units
Stop Out Level 30% 30% 30% 30% 30% 30%
Tradable Markets 60+ Forex, Metals, Energy, Indexes, Crypto 60+ Forex, Metals, Energy, Indexes, Crypto 60+ Forex, Metals, Energy, Indexes, Crypto 60+ Forex, Metals, Energy, Indexes, Crypto 42 Forex, Metals 42 Forex, Metals
Minimum Trading Volume 0.01 lots 0.01 lots 0.01 lots 0.01 lots 0.01 lots 0.01 lots
Maximum Trading Volume 100 lots 100 lots 100 lots 100 lots 100 lots 100 lots
Maximum Number Of Simultaneous Orders 500 500 500 500 200 200
Maximum Simultaneous Trading Volume In Total Unlimited Unlimited Unlimited Unlimited 1000 lots 1000 lots
Use of EAs Allowed Allowed Allowed Allowed Allowed Allowed
Scalping Strategy Allowed Allowed Allowed Allowed Allowed Allowed
Trading Credits Available Available Unavailable Unavailable Available Available
Bonus Program Available Available Unavailable Unavailable Available Available
Welcome Bonus $500 Available Available Unavailable Unavailable Unavailable Unavailable
Islamic Swap Free Account Available Available Unavailable Unavailable Unavailable Unavailable
Signup Pages OpenMT4 DirectFX OpenMT4 Classic+ Openpamm-MT4 DirectFX Openpamm-MT4 Classic+ Opencent-MT4 DirectFX Opencent-MT4 Classic+

In addition to the standard steps in brand promotion among the target audience, the company aims at close B2B cooperation with major players to sell its liquidity based on the created high-tech infrastructure.

1. MT4 Direct FX account type

The main account type in the ForexChief line of trading accounts, aimed at experienced traders.

Distinctive features of this account are tight spreads without “markups” and a brokerage commission, the size of which is calculated based on the volume of the transaction at a rate of $ 15 per 1 million USD.

Open ForexChief’s MT4 Direct FX account

2. MT4 Classic Plus account type

A classic account type with a “floating” spread, where there is no commission for transactions.

Client orders are executed in the “Market Execution” mode, while the standard speed of execution of trade orders on the server is in the range of 100-150 ms (in normal market conditions).

Open ForexChief’s MT4 Classic Plus account

3. Cent MT4 Direct FX account type

“Cent” account, the balance sheet dimension of which exceeds the standard one by 100 times.

Otherwise, this type of account is completely identical to MT4 Direct FX accounts.

These accounts will be convenient for clients who wish to test MT4 Direct FX on a “cent” analog.

Open ForexChief’s Cent MT4 Direct FX account

4. Cent MT4 Classic Plus account type

“Cent” account, which differs from MT4.Classic + only in balance dimension.

Otherwise, these account types are identical.

Being an intermediate step between a demo account and a real standard account, cent-MT4 Classic + allows you to comfortably switch from “virtual” trading to working with real money.

Open ForexChief’s Cent MT4 Classic Plus account

ForexChief Ratings And Reviews

ForexChief's Rate

2.9 rating based on 23 ratings
2.9/5 23

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ForexChief Company Profile

ForexChief, the FX global gateway offers you tight spreads from 0 pips and STP & ECN execution..

* CFD Service. Your capital is at risk.
Regulations & Licenses
Company ForexChief Ltd.
Founded 2016 (8 years)
Country Base Republic of Vanuatu
Headquaters 1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu
Traders Rating
2.9 rating based on 23 ratings
2.9/5 23
Supported Platforms
Maximum Leverage 1,000:1 *
Crypto-Currencies Not Available
Negative Balance Offer Negative Balance Protection
Client Funds Safety Segregated
Deposit Methods
Withdrawal Methods

Company Categories

Disclaimer about leverage:

Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.

ForexChief FAQ

Everything you need to know about ForexChief (ForexChief Ltd.).

ForexChief's Turnover Rebates and Trading Credits Do you want to make the most of your trading experience? Are you an active trader searching for ways to boost your income? If so, ForexChief brings you two fantastic promotions to help you achieve just that. With Turnover Rebates and Trading Credits, trading becom...

ForexChief Introduces Swap-Free Islamic Accounts ForexChief Ltd., a renowned brokerage in the online forex market, is introducing Islamic Accounts, also known as swap-free accounts. This introduction is in response to the demand of traders whose religious beliefs prohibit the use of interest rates of global curre...

ForexChief Trading Platforms, Mobile App, and Tools ForexChief, an internationally acclaimed Forex broker, offers its clients an array of advanced and user-friendly platforms, applications, and trading tools. These platforms cater to various operating systems, including Windows, iOS, and Android, enabling traders...

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