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Forex Chief

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9.0
( 2 Reviews )

Founded: 2014 Min Deposit: 10 USD

Headquarters: Vanuatu Max Lev: 1 : 1000

Risk Level I

Forex Chief claims its regulation with VFSC. No info of its websites can be found on VFSC.

Score
Business Scope
5.5
Trading Cost
9.0
Trading Platforms
9.0
Support
9.0
Licence Status

official website to be verified as no company details showed on VFSC

VFSC 14777
Contact
+65 31593652
info@forexchief.com
24/7 Client Support
Quick Response
Low Min Deposit
Deposit Bonus
Islamic Account
High Leverage
Negative Balance Protection
Multiple Trading Instruments
Multiple Base Currencies Support
Global Offices

Deposit and Withdrawal

9.0

Outstanding

10+ funding options

Features

Fast Deposit
Deposit Bonus
10+ Payment method

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Company and Service

6.0

Average

global offices & English language support

Features

24/7 Client Support
Profile
Headquarters Address
1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu
Founded 2014
Broker Type
STP,  NDD
Time Zone GMT+2,GMT+3
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android
MT5
Windows,  iOS,  Android
Contact
No Data
Others
Website Language
Arabic,  Bengali,  Chinese(Simplified),  Chinese(Traditional),  English,  Hindi,  Indonesian,  Portuguese,  Russian,  Spanish,  Ukrainian
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  Instagram,  Skype,  Telegram,  WhatsApp,  Viber,  WeChat
Supported Language
English

Related Complaints

Q&A

Hi! Do you have any informations on the leverage this broker offer to their clients?

Ben
Mauritius
22 hours ago
ANSWER Forex Chief claims to be owned and operated by ForexChief Ltd, a Vanuatu-based firm regulated by the Vanuatu Financial Services Commission (VFSC) under license number 14745. We indeed find a match result to ForexChief Ltd in VFSC.But please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of ForexChief Ltd. We would recommend exercising caution when dealing with VFSC- regulated brokers.As for what the leverage Forex Chief providing for clients, we recommend that you ask the official customer service for a more accurate answer. For more details on this broker, please check our full Forex Chief review.
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Overall Score

9.0
2 Reviews

Cost 9.0

Platforms 9.0

Deposit & Withdrawal 9.0

Customer Support 9.0

Indicates the average level of Brokers

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2 Reviews

Alan Johnson

2021-05-13 0-6 months MT4.DirectFX Account
Great broker. No trouble, the execution speed is very fast. I trade around the news and get a lot of things. There is no problem so far, I have been using the broker for about 9 months.
Sudan
Helpful
Not helpful

Mika

2021-05-11 7-12 months MT4.DirectFX Account
Fast deposits&withdrawals. I never had any problems with the broker! The spreads are very good, which is a huge advantage for me.
Czech Republic
Helpful
Not helpful
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