✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the Forex Chief broker, is a Forex and CFD broker. Is Forex Chief really recommended to make an investment? Or is it better not to invest with this company?
We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: ForexChief Ltd
As to its location, the broker mentions being based in: Vanuatu.
If we analyze the regulation of the broker: because Forex Chief is licensed in Vanuatu, although in our opinion this is not even a regulation, it is an unregulated broker.
If now we go on to analyze account types offered by Forex Chief, we note that it offers 4 types of account: the MT4.DirectFX Account, the MT4.Classic + Account, the cent-MT4.DirectFX Account and the cent-MT4.Classic + Account.
MT4.DirectFX account: Minimum initial deposit of $ 100, leverage up to 1: 400, market execution, floating spread from 0 pips, more than 60 trading instruments available, scalping allowed, outstanding bonds.
MT4.Classic + account- Minimum initial deposit of $ 100, leverage up to 1: 400, market execution, floating spread from 0,3 pips, more than 60 trading instruments available, scalping allowed, circulation bonuses, no commission.
cent-MT4.DirectFX: Minimum initial deposit of $ 100, leverage up to 1: 400, market execution, floating spread from 0 pips, more than 60 trading instruments available, scalping allowed, circulation bonuses, no commission.
cent-MT4.Classic +: Minimum initial deposit of $ 100, leverage up to 1: 400, market execution, floating spread from 0,3 pips, more than 60 trading instruments available, scalping allowed, circulation bonuses, no commission.
You can see even more features about the account types of the Forex Chief broker (click here. to see the image in full size) in the following image:
All the platforms to operate that Forex Chief offers are: MT4 and MT5.
We will now analyze the different resources and aids for the trader that Forex Chief provides on its website.
Forex Chief provides the following aids or resources to traders or interested parties: news summaries and analysis (although in English), news about economic events of interest (also in English), some instrument charts, forex calculator, information and basic explanation about the products offered, forex market schedules, also some other articles although they are in English, so we will not take them into account.
Other information about Forex Chief
Some more information in case you want to contact the company, or see its website for yourself.
Website: www.forexchief.com/en/
Telephone: +41 44 505 1495, +65 3159 2107, +234 802 625 4508
Email: [email protected]
>>> Valuation on Forex Chief <<
Ending with this section, in our opinion Do we believe that the Forex Chief company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: although we have not been able to find complaints or negative evaluations about Forex Chief, it is a broker based in a "not serious" country (Vanuatu) and that does not have a regulation Therefore, we do not recommend it, we always recommend operating with regulated companies, and regulated in countries where the regulation is strict and serious.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”188 ″]
I like its low commission about Forexchief because it adapts to my investment style since I don't like to take significant risks and I like to be calculative regarding my finances.
Hi Jolie, thank you for sharing your experience with Forex Chief. This broker is a SCAM, many clients have complained about many irregularities and fraudulent actions to lose all the clients' money. We recommend caution since we are talking about an unregulated broker based in countries like Vanuatu, we consider it extremely DANGEROUS. We have had complaints from several customers who tell us that they do not return the money and that it is a SCAM.
regards
I like forexchief because it has a wide variety of technical analysis that allows me to get the most out of the assets that I have invested and leave a good profit margin.
I like forexchief because it has a wide variety of technical analyzes that allows me to get the most out of the assets I have invested and leave a good profit margin.
Hi Adelaine, thank you for sharing your experience with Forex Chief. We recommend caution since we are talking about an unregulated broker based in countries like Vanuatu, we consider it extremely DANGEROUS. We have had complaints from several customers who tell us that they do not return the money and that it is a SCAM.
regards
I started investing in Forexchief on the recommendation of a friend. I like their platform, their low commission and intuitive but effective tools. I can also purchase more tools in their FreeLancer purchasing system.
Hi Ava, thank you for sharing your experience with Forex Chief. We recommend caution since we are talking about an unregulated broker based in countries like Vanuatu, we consider it extremely DANGEROUS.
regards
I liked Forexchief because of its good liquidity, it has a good spread and a bonus system for movements, and its low commission allows me to make small investments because I don't like making risky movements.
Hi Kelly, this broker doesn't look good, bad or no regulation in Vanuatu, I don't think it is reliable, you will know when you request your withdrawal and you will know if they comply.
Greetings.
I like Forexchief because it has a wide variety of technical analyzes that allow me to get the most out of the assets I have invested and leave a good profit margin.
At the moment I am only testing the demo account and I think it is a good broker to invest in because its tools are very fluid and effective, I would like it to have more payment methods.
Hi Inez, thank you for sharing your experience with Forex Chief. If you have more information about the company, we ask you to share it with us, especially if it is information that you think could help other people by investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
regards
I like forexchief because it allows me to request commercial loans without deadlines and interest, so I feel relieved to be able to pay little by little and according to my possibilities, that is why I use this broker
Hello Marco, thanks for sharing your experience with Forex Chief. Even if you have had a good experience with Forex Chief, we would never recommend it, since we are talking about an unregulated broker based in very unsafe countries, such as Vanuatu, among other negative characteristics of Forex Chief.
regards
Forexchief is a very professional broker, I have felt good using it so far, I already made some withdrawals for skrill and they were done quickly, I think I will continue with them because you can configure your account depending on the type of transactions you want to make and change the tools.
Hi Peggy, thanks for sharing your experience with Forex Chief. We recommend you caution since we are talking about an unregulated broker based in countries like Vanuatu, we consider it extremely DANGEROUS.
regards
I like that forexchief allows me to have in its app and web platform a detailed history of all my orders, transactions, among others ... that is great not to have many complications to make my detailed inquiries
Hi Robin, thanks for sharing your experience with Forex Chief. If you have more information about the company, we ask you to share it with us, especially if it is information that you think could help other people by investing with this company.
Do you have numbers, contact names, emails from which you have been contacted?
regards
Their mt5 platform caught my attention because it has integrated virtual hosting which is very useful to me since I need to access my account and tools from anywhere.
Hello Herbert, thank you very much for sharing your experience Forex Chief. Do you have numbers, contact names, emails?
regards