Forex Chief Broker Review

Author By Jeffrey Cammack
Updated: March 1, 2021
Overall Rating
3.12 3.12 / 5
🏦  Min. DepositUSD 50
🛡️  Regulated By
💵  Trading Cost 
USD 19
⚖️  Max. Leverage1000:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Alert0 of retail investor accounts lose money when trading CFDs with this provider
Last updated on 1 Mar 2021
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on Forex Chief

🏦  Min. DepositUSD 50
🛡️  Regulated By
💵  Trading Cost 
USD USD 19
⚖️  Max. Leverage1000:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
100001/ 5
Trading Conditions
1110.503.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
100001/ 5
Education & Research
1110.503.5/ 5
Assets Available
111104/ 5
Customer Service
111115/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
USD, CHF, GBP, EUR, JPY
Number of FX Pairs
39
Crypto Pairs
5
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
15 USD / lot
EUR/USD
0.40 pips
GBP/USD
0.90 pips
USD/JPY
0.60 pips
Negative Balance Protection

Company Details

Company Name
ForexChief Ltd.
Founded
2014
Website Language
English
Support Language
English
Office Locations
Switzerland, Singapore, Nigeria, Vanuatu

Pros

  • Great platform choice
  • Low minimum deposit
  • 24/7 customer service
  • Good range of accounts

Cons

  • Extreme leverage
  • Expensive withdrawals
  • High commission
Alert0 of retail investor accounts lose money when trading CFDs with this provider
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