ForexChief Review 2021

ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.

ForexChief is broker that gives traders access to CFD, Forex, Cryptocurrency and Stocks. Traders that like the MetaTrader platforms can choose between both the MetaTrader4 and MetaTrader5 platforms at ForexChief.

In terms of features offered to traders, ForexChief has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.

ForexChief also gives traders access to 5 cryptocurrencies: BTC, BCH, ETH, LTC and XRP.

ForexChief is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

ForexChief Summary

ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.

Ratings

30%
Trust
66%
Instruments
85%
Features
BonusNone
InstrumentsCFD, Forex, Crypto, Stocks
Demo Account
Min. Deposit$10
Min. Trade0.01 lots
Regulated ByVFSC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.

Leverage1:1,000
FTSE Spread80
GBPUSD Spread0.9
Oil Spread12
Stocks Spread50

Forex Trading

ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5.

GBPUSD Spread0.9
EURUSD Spread0.4
EURGBP Spread0.9
Assets40

Cryptocurrency Trading

ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.

SpreadVariable
CoinsBTC, BCH, ETH, LTC, XRP

Payment Methods

ForexChief accepts the following payment methods:

  • Wire Transfer
  • Bitcoin Payments
  • Credit Card
  • UnionPay
  • Skrill
  • Neteller
  • Webmoney
  • Perfect Money
  • Debit Card
Risk Warning – Your capital is at risk

FAQ

Is ForexChief Safe?

In our review we gave ForexChief a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that ForexChief is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does ForexChief Accept PayPal?

No, ForexChief does not accept PayPal payments.

Is ForexChief Halal?

Yes, ForexChief does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does ForexChief support?

With ForexChief you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.

Is ForexChief Regulated?

Yes, ForexChief is regulated by VFSC.

The fact that ForexChief is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.

ForexChief vs Other Brokers

If you want to compare ForexChief with other brokers, use the detailed comparisons below.

ForexChief vs
ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.