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ForexChief review

ForexChief review: regulation (No), minimum deposit 10, leverage up to 1:400, platforms and current bonuses.

Open account
Minimum deposit10
Max. leverage1:400
Spread from0.1 Pips
Founded2015

Trading conditions

Broker type
ECN/STD
Minimum deposit
10
Maximum leverage
1:400
Minimum spread
0.1 Pips
Platforms
MetaTrader4, MT4 for iPhone and iPad, MT4 for Android, MetaTrader5, MT5 for iPhone and iPad, MT5 for Android
Instruments
Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs
Account currencies
USD

Bonuses

No deposit bonus
$100 Forex No Deposit Bonus
Welcome bonus
Yes
Other promotions
$500 Forex Deposit Bonus

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
No
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More
Withdrawal methods
Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More

Company

Regulation
No
Founded
2015
Country
Vanuatu
Address
Unit 5, Level 24, 8 Jurong Town Hall Road, Singapore, 609434
Publicly traded
Yes
Website languages
English, Chinese, Indonesian, Vietnamese, Thai, Malaysia, Arabic and More
Phone
+65 3159 3652
Email or Skype
[email protected]

ForexChief pros and cons

Pros

  • Regulated by No
  • Low minimum deposit: 10
  • Raw spreads from 0.1 Pips
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account

Cons

  • Conditions and bonuses can differ by regulated entity

ForexChief FAQ

Is ForexChief a safe and regulated broker?

ForexChief was founded in 2015 and is regulated by No. Your protection depends on which ForexChief entity opens your account.

What is the minimum deposit at ForexChief?

The minimum deposit at ForexChief is 10. Payment providers may set their own minimum amount.

What is the maximum leverage at ForexChief?

ForexChief offers leverage up to 1:400. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does ForexChief offer a no deposit bonus?

Yes. ForexChief offers a no deposit bonus: $100 Forex No Deposit Bonus. Bonus terms change often, so confirm them on the broker's website.

Which trading platforms does ForexChief offer?

ForexChief supports MetaTrader4, MT4 for iPhone and iPad, MT4 for Android, MetaTrader5, MT5 for iPhone and iPad, MT5 for Android. Mobile trading is available.

Does ForexChief allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does ForexChief offer an Islamic (swap-free) account?

Yes. ForexChief offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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ForexChief – $100 Forex No Deposit…Open account