Forex Chief is a Forex and CFD broker owned and operated by ForexChief Ltd, with an address at 1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu. Their contact phone number is +65 3163 5184 and email address is [email protected]
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ForexChief Trading Platform
Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. ForexChief broker offers the MT4 Trading platform which supports custom indicators and Expert Advisors. Their max leverage is 1:400
Withdrawal and Deposit Method
Forex Chief withdrawal and deposit methods could be carried out by the following means: Visa, Bank Wire transfer, MasterCard, Skrill, Neteller, WebMoney, Perfect Money, fasapay, Qiwi Wallet. The minimum deposit is $100
License and Regulation
Forex Chief is licensed in Vanuatu by the VFSC. The regulation by the VFSC is not as strong as popular regulators such as CySEC in Cyprus and the FCA in UK.
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Why people think it is scam?
They think that way probably because they offer deposit and no deposit bonuses. I am not a fan of bonuses anyway. I have been using Forexchief mt4 since last year and there is no issue from their end. Yes, there was some misunderstanding in terms of withdrawing funds to another payment method, but after reading their terms of services I understand I can only withdraw my money with the same payment method used when I deposited. There has been no issues with this broker in anyway.
I am using this broker as a position trader. All is fine; I have withdrawn funds a couple of times. I am impressed by the low spreads. Just a regular broker in this case.
Forexchief is as real as they get. I have been trading with this broker for a while now and my experience with them is above average. Any serious trader will be happy with their trading conditions and services. The broker has one of the fastest server in terms or filling orders.