Forex Chief Review,Looking for something?
Forexchief is very reliable, Forexchief is very reliable. The platform is practically one of the best; charting can be done through the mt4, which I am sticking with for now. Response time for 17 reviews for Forex Chief, stars: 'Forexchief broker is a decent one in my opinion because I have experienced a lot of improvements since I started trading with this broker. Overall my 25/04/ · Again, this is not to say that Forex Chief is the worst broker out there or a scam. It is nearly impossible for a broker to be a scam when it has provided its registration and regulation Forexchief demo account was smooth, I made % profit in two months. I replicated it on a live account and made %, which is not bad because there must be a difference. I did that with How does this happen? Well, there are bad brokers out there that simply want your broker funds for themselves. They will do anything in their power to earn this money. Your funds can get ... read more
This section is prepared from the office of the ForexChief Currency Strategist. This market analysis can be a good way to help inspire trade ideas. I would make sure to check any signals with my own analysis for additional confirmation. ActivTrades are one of my top choice when it comes to market analysis.
This tool calculates the spread, pip value and swap values when the account type, currency, trade volume and trading instrument are inputted. This tool can help a trader to make calculated risks before placing their trades. I think this is handy for when you are in a hurry and need to quickly and easily perform some calculations to plan your trades.
I was pleased to see that the broker has some educational content which can help those of you who are new to trading. There are 29 economic articles on the website. The articles look at the different economies of nations like USA, Britain, Australia, China, Japan, etc. Also, there are articles on currencies, crypto trading , forex trading, fundamental and technical analysis, US shares, investing in Gold and Oil, etc.
The articles are short, precise and easy to understand. If you want that little bit more, IronFX have a greater selection. There are 7 articles introducing a novice to forex trading. The articles cover the basics, brokers, psychology and tips for beginners. There are 13 articles on forex strategies which discusses trading strategies such as scalping, pivot point, trend finder, Fibonacci, etc. ForexChief chose to discus 23 indicators which it sees as the best.
Some of them are Bollinger bands, Hull moving average, stochastic oscillator, Zigzag indicator, Moving average, etc. If you want access to individual stocks , then you may want to consider a broker such as RoboForex instead.
With ForexChief, you can choose to trade over 60 instruments including:. There is a great selection of accounts to choose from depending on what trading conditions work best for you. There are up to 8 account types available that depend on the platform of choice; either MT4 or MT5. Every account can trade all the instruments and market execution is used on all orders. All MT4 accounts have a maximum leverage of while all MT5 accounts have a maximum leverage of These are quite favourable conditions, especially if you are looking for tight spreads and commission free trading.
Yes, the leverage is very high but it is also risky, so please make sure you know what leverage is and how it works before trading any leverage positions. If you are specifically looking for higher leverage, InstaForex also have available to eligible clients. The average spread for the EURUSD is 0. Cent accounts are not available as swap free accounts.
Swap free accounts are available on request from verified standard accounts. Only Muslim clients are eligible. Swap free accounts are limited to 27 currency pairs and 2 metals. ForexChief charges a fixed commission for positions that are open for more than 2 days.
Demo accounts are freely available without any risks to the trader. These enable users to test the different trading platforms and practice trading strategies before opening a real trading account. I think this can be a good way to see if the broker has suitable trading conditions for your strategies before even thinking about making a commitment. ForexChief client support desk operates from the different offices of the broker. A convenient way to quickly reach the support team is through web chat, WhatsApp, Skype, Viber, Telegram and Facebook.
Not many brokers operate 7 days a week. The support team can also be reached via phone lines and email. On social media, ForexChief is on Facebook, Twitter and Instagram. I appreciate how the ForexChief team have taken the time to reply to feedback online, both positive and negative. I am impressed with the good variety of funding options that the broker accepts.
In strict compliance with its Anti-Money Laundering policy, ForexChief has adopted a cashless settlement policy. Cash deposits are rejected and no third-party deposits or withdrawals. You can make deposits and withdrawals in various quick and easy ways including:.
I found the trading conditions to be very competitive, with flexible account types and convenient payment options.
Through modern technologies, the broker is able to aggregate prices from liquidity providers to offer tight spreads, low fees and good execution speeds. The provided MT4 and the MT5 platforms are versatile, fast and suitable to meet the needs of most traders. I do think there is some room for improvement. This will help its clients with constant market updates, daily news and expert analysis. The assets index is also very small compared to competitors who offer thousands of trading instruments.
There are many industry professionals and experienced traders that would not trade with offshore regulated brokers. Therefore, I really feel that ForexChief could benefit greatly from seeking regulation from other reputable regulators in addition to that of VFSC. If that does not bother you, then you may want to see what the demo account has to offer to get a feel for their services. Alternatively, please see our list of best trading brokers for some alternative options.
ForexChief is an online forex broker that offers multiple assets for trading on the MetaTrader platforms. The broker allows multiple strategies, various payment options and features multiple account types. Training resources as well as some trading tools are provided. Richard Montana Richard has many years of experience in broker research, testing, analysis and reviews.
He knows what to look for through years of trading himself with different brokers and listening to the feedback of others. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.
Home Online Broker Reviews ForexChief Review. ForexChief Review Richard Montana August 2, Table of Contents. Visit Broker Visit Broker. MetaTrader Platforms.
MetaTrader 4 MT4 Platforms. MetaTrader 5 MT5 Platform. About the Author. Review Methodology For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.
This site uses cookies to improve your user experience. ACCEPT Read More. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website.
We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Necessary Necessary. Necessary cookies are absolutely essential for the website to function properly. Aside from bank wire, most deposits are credited instantly.
It can take 24 hours to 3 business days for funds sent through bank wire transfer to clear in the trading account, depending on the exact location of the sending bank. There is a 1. The remaining payment methods offer fee-free deposits. Conditions state that withdrawals must be processed back to the original payment method. If an account was funded by card, then the amount of the deposit must be refunded back to that card and any profits can be withdrawn through bank wire. The broker does offer a few fee-free withdrawal options, but many of the methods are charged a fee of at least 0.
Bank Wire Methods : 0. There are no fees on Indonesian local transfer or Nigeria local transfers. It takes approximately 1 business day for the broker to finishing transferring withdrawals back to electronic payment methods i.
Skrill, Neteller, Bitcoin, etc. There is a business day waiting period for card withdrawals. It takes 2 business days for withdrawals to be processed back to Indonesia local transfer and Nigeria local transfer, business days for Bank SEPA transfers, and business days for regular bank wire transfers. Support is in the office from — UTC , Monday — Friday. The contest is only active for two weeks, so any new traders will likely be too late to take part in the current offer. However, the broker does seem to update their offers periodically.
The bonus can only be withdrawn once the required trading turnover has been reached. Both Cent accounts are excluded. Trading Credits: These credits can be used as equity when trading. Turnover Bonuses : This promotion rewards traders with weekly rewards for trading turnover. The greater the trading turnover for the target week, the higher the net bonus will be. This promotion cannot be combined on accounts with the Welcome Bonus. Rewards are given for the biggest profit and the highest turnover.
Educational resources tackle the history of forex trading, the first steps traders should take, a handful of articles related to trading, information based on multiple strategies Pivot Point, Trend Finder, Fibonacci Forex Strategy, etc. We do wish that the broker would place more importance on providing entry-level information and that video tutorials, e-books, and other learning resources would be added to the website.
Still, this broker does manage to provide several more options than many of its competitors. From there, one would need to fill in a few quick personal details — name, country, city, phone number, and email address in order to finish registration. Although the support hours are average, the broker also provides several different contact methods, including LiveChat, Skype, WhatsApp, Telegram, Viber, Facebook, phone, and email.
This provides traders with several instant options and makes contacting support less of a hassle. Vanuatu Office General Questions: info forexchief.
com Marketing Department: marketing forexchief. com Partnership: partnership forexchief. Like many other regulated brokers, Forex Chief appears to ban clients located in the United States. Fortunately, the US Virgin Islands is an option on the list and traders would be able to select this option to bypass the restriction.
Forex Chief is a global foreign exchange broker that is regulated by the VFSC. Four account types are available, offering starting spreads from 0 — 0. Different pricing models are offered, where traders can use an account with higher spreads in exchange for zero commissions, or take advantage of the better spreads while paying commission costs. Traders can also choose between the MT4 and MT5 platforms, with support for micro tradable lots.
Forex Chief provides funding options through several payment providers, including bank wire, cards, and several electronic payment methods like Bitcoin, Skrill, etc. Fee-free withdrawals are offered on some local transfers and Bitcoin, but the remaining payment methods do charge commissions on withdrawals.
Support representatives are available on weekdays via several instant contact methods and social media platforms, as well as through phone and email. The website provides some educational information and tools, although this section could do with more entry-level resources. This is enough to to test the broker, if it is done on a micro account.
Yes the broker has a micro account where one can trade 0. Spreads are tight and slippage rare. This is a lovely broker. I found Forexchief in when I was looking for a broker with very low spreads and commission. Also I needed a broker with a business model I can trust. Since the broker is paid by commission, they do not trade against me.
I have had my measure of success with this broker for three years now and I hope it continues for a longer time. Save my name, email, and website in this browser for the next time I comment.
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Forex Chief has a consumer rating of 4. Consumers satisfied with Forex Chief most frequently mention trading conditions.
Forex Chief ranks rd among Currency Trading sites. Forexchief broker is a decent one in my opinion because I have experienced a lot of improvements since I started trading with this broker.
Overall my trading involvement includes around three years of using a micro account. It comes up with a good leverage amount although there are also many other account types too. I am using MT4 which is a very responsive platform. What i enjoys a lot is the spreads which are easy to reconcile against profits. I made a total deposits of EUR and made a lot of profits. When I asked for withdrawals, they asked, me to pay more which I refused and my account was closed the next day.
They stopped responding to mails and calls. I am just glad I have all my money back from them. Products used: Same company Forexchief. very good. I have been using Forexchief for a while now. Transparency is one of their strong qualities.
While some brokers fail to give you all the necessary info, Forexchief made a simple website that is easy to navigate and find all you need to know. From day one I have been comfortable with their mode of operation. Even though they are not regulated by big agencies, I feel at ease with my funds. No issues whatsoever. Forexchief is an ECN broker with No dealing desk system. There are two similar platforms to choose from; mt4 and mt5, where one is more advanced.
Both platforms work well and run across the same server. The live servers never fail, execution and stop orders work with great speed. When compared to some offshore broker I've used, this broker is doing a damn good job. Forexchief definitely deserves to be among the top best brokers.
I don't wish they are from the u. S or UK because I'm sure those brokers can't provide half the quality I get from Forexchief. Leverage as high is cannot be provided under strict regulation. So I appreciate Forexchief offering this good trading conditions and still remains reliable and fair to us.
I like the broker. The highest leverage is , and there is variable spreads, which quite low most of the time. I don't have issues trading on mt4. Withdrawing money is fast as well. I am a day trader with little capital. But I fee confident with this broker.
Forexchief offers the good old mt4 and leverage up to This is just what I need and I was able to use some of my automated programs which I created. The spreads are low enough for me. This is one my top broker list. The broker has many withdrawal options and it is why it's preferred by my team from different countries.
We are excited to be working with Forexchief. Been using this broker with Mt5 for a few weeks now and can report that they are a quality broker. I've been trading for over 5 years and have used many brokers in Futures and Forex and can say that their spreads are in line with the best brokers. On top of that they have the lower end with commissions. So if you combine these 2 factors I would argue they the have the best trading conditions available to retail traders. I joined Forexchief in I recall the deposit was quick and till date the withdrawal is fast.
There is now up to leverage. From the website you'll have a good dashboard to monitor your account activities. Customer service is quick to resolve issues and sometimes call you to follow up.
If you are looking for some serious broker to trade, I think you should use this broker. The customer service is top notch. Trading platforms very great. Fast withdrawals directly to your bank. Ever since I have been with Forexchief everything have been great and even improved my trading with their daily analysis on some certain pairs and that has made me very profitable for the past few months. Tip for consumers: You won't need another broker.
Their spreads on majors are really low, but exotic could do better. Well, I am not expecting to have it all. Besides, I am really happy with Forexchief and recommend it to everyone looking for micro trading.
I have been with Forexchief since and it has been a fantastic experience. I have also recommended it to my friends who are now trading happily with the broker. Anyone would love Forexchief the moment they make their first trade.
The broker does not trade against anyone, and all your strategy including stop loss and take profit would be executed as you want it. No killing slippage. You have to respect what this company has built to help and facilitate traders to increase their money. This is a really good broker. Forexchief is a friendly broker that I am very cool with. My money is definitely in good hands and secure. I visited the office here in Singapore and had a good chat with some of the workers. At least I know where to go to if any problem arises.
There is wide variety of assets to trade. From currency to cryptocurrency to CFDs. The spreads are good enough for me. There is different assets to trade including cryptocurrency. I am also able to use leverage for currency pairs and on commodities Only a few brokers offer this. Trading with Forexchief for 6 months has been very fruitful.
I am a new trader and Forexchief is my first broker ever. Many of my friends in Forex have been complaining about their brokers not allowing them to withdraw and also making them lose money. I don't have such a bad experience. Forexchief has been faithful to me and I have invited many of my friends to use it.
This is a very good option. I've been a long time trader and for the past 7 months been with Forexchief. This is easily one of the best brokers I have used. It is so much easier to trade and withdraw my profit to my bank. I use debit card for deposits and bank transfer for withdraws. News trading is my strategy and Forexchief offers great trading conditions for success. Forexchief is one of the good brokers in Europe that offers decent trading conditions and great customer service.
I finally found this broker that offers both Forex and cryptocurrency trading all in one platform. Spreads are low and commission is reasonably low. This is a 5 star broker for sure.
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Forex Chief Review – Everything Seems Great But Then. . .,Got Scammed?
25/04/ · Again, this is not to say that Forex Chief is the worst broker out there or a scam. It is nearly impossible for a broker to be a scam when it has provided its registration and regulation How does this happen? Well, there are bad brokers out there that simply want your broker funds for themselves. They will do anything in their power to earn this money. Your funds can get 17 reviews for Forex Chief, stars: 'Forexchief broker is a decent one in my opinion because I have experienced a lot of improvements since I started trading with this broker. Overall my Forexchief is very reliable, Forexchief is very reliable. The platform is practically one of the best; charting can be done through the mt4, which I am sticking with for now. Response time for Forexchief demo account was smooth, I made % profit in two months. I replicated it on a live account and made %, which is not bad because there must be a difference. I did that with ... read more
S or UK because I'm sure those brokers can't provide half the quality I get from Forexchief. Customer service is quick to resolve issues and sometimes call you to follow up. Since the broker is paid by commission, they do not trade against me. If a broker allows you to make money without issues, then it's a good broker. I think this can be a good way to see if the broker has suitable trading conditions for your strategies before even thinking about making a commitment. I have been familiar with this broker almost since its appearance. First is the ease of doing business.
S or UK because I'm sure those brokers can't provide half the quality I get from Forexchief. Therefore, apps developed for MT4 will not run in MT5 and vice versa. Jonathan E. This shows forexchief is good to use, they don't trade against forex cheif review. Each account is available in an MT4 or MT5 version, so traders would simply need to select the account based on the platform version they would prefer, forex cheif review. Swap free accounts are limited to 27 currency pairs and 2 metals.
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