xChief ForexChief Ltd.
ForexChief broker service review. Providing high-quality and inexpensive forex services.
Recommended Contents
xChief Current Promotions
The following is a list of promotions currently offered by xChief (ForexChief Ltd.).
What is xChief?
xChief is an online Forex and CFD broker that provides high-quality and inexpensive forex services to individuals and legal entities based on modern technologies in the field of online trading.
In addition, special attention in the project is paid to working with institutional clients who strive to provide their traders with the best trading conditions due to high liquidity and low spreads.
Services are provided by xChief Ltd. (registration number 14777) operating under a Dealer in Securities (Principal’s License) issued by the Vanuatu Financial Services Commission under Section 4, subsection (1) (a) of The Dealers in Securities ( Licensing) Act [CAP. 70].
To make transactions with foreign exchange contracts and metals, the company’s clients are offered the most popular trading platform in the field of forex trading – MetaTrader 4/5.
In addition, the line of account types contains “cent” accounts, the balance dimension of which allows them to be used not only to reduce investment risks but also to test trading conditions in general.
Go to xChief’s Official Website
Why traders choose xChief?
There are many reasons to choose xChief as your main Forex broker, such as the following.
- Regulated broker
- Regulated broker with financial license.
- MetaTrader 4/5 platform
- MetaTrader 4/5 platform, 8 account types, 6 account currencies (USD, EUR, GBP, CHF, JPY).
- Wide range of trading instruments
- Currency, Metals, Energy, Stock indices.
- Aggregated liquidity
- Aggregated liquidity and spreads from 0 pips. Instant processing of ECN / STP orders.
- Bonus programs
- Trade Credits, Turnover Bonuses, Welcome Bonus $500.
- Affiliate program
- CPA payouts up to $ 300. “Perpetual” payments for turnover up to $ 15 per 1 million USD turnover.
- Deposit and withdrawal of funds
- Segregation of client funds, Protection against negative balance, 0% commission, Wide range of payment systems.
Despite the maximum loyalty to each client, the project is primarily aimed at experienced traders, whose knowledge and skills allow taking full advantage of the advantages that xChief offers.
Nevertheless, given the high risks in Forex operations, the company also offers “cent” accounts for beginners, which, on the one hand, allow avoiding large financial losses, and on the other hand, make it possible to fully experience the complexity of working with real money.
xChief’s Trading Account Types
Connecting additional providers, squeaking for new solutions, and developing improvements for the liquidity aggregation technology are the current priorities in the development of the project.
| Account Type | MT4 DirectFX | MT4 Classic+ | pamm-MT4 DirectFX | pamm-MT4 Classic+ | cent-MT4 DirectFX | cent-MT4 Classic+ |
|---|---|---|---|---|---|---|
| Trading Platforms | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 |
| Required Minimum Deposit | $50 | $50 | $100 | $100 | $50 | $50 |
| Account Currency | USD, CHF, GBP, EUR, JPY | USD, CHF, GBP, EUR, JPY | USD, EUR | USD, EUR | USD, CHF, GBP, EUR, JPY | USD, CHF, GBP, EUR, JPY |
| Maximum Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:1000 | 1:1000 |
| Execution Model | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| Minimum Spread | 0.0 pips | 0.3 pips | 0.0 pips | 0.3 pips | 0.0 pips | 0.3 pips |
| Trading Commission | $1.5 per lot | None | $1.5 per lot | None | $1.5 per lot | None |
| Re-quotes | None | None | None | None | None | None |
| Contract Size | 100,000 units | 100,000 units | 100,000 units | 100,000 units | 100,000 units | 100,000 units |
| Stop Out Level | 30% | 30% | 30% | 30% | 30% | 30% |
| Tradable Markets | 60+ Forex, Metals, Energy, Indexes, Crypto | 60+ Forex, Metals, Energy, Indexes, Crypto | 60+ Forex, Metals, Energy, Indexes, Crypto | 60+ Forex, Metals, Energy, Indexes, Crypto | 42 Forex, Metals | 42 Forex, Metals |
| Minimum Trading Volume | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum Trading Volume | 100 lots | 100 lots | 100 lots | 100 lots | 100 lots | 100 lots |
| Maximum Number Of Simultaneous Orders | 500 | 500 | 500 | 500 | 200 | 200 |
| Maximum Simultaneous Trading Volume In Total | Unlimited | Unlimited | Unlimited | Unlimited | 1000 lots | 1000 lots |
| Use of EAs | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Scalping Strategy | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Trading Credits | Available | Available | Unavailable | Unavailable | Available | Available |
| Bonus Program | Available | Available | Unavailable | Unavailable | Available | Available |
| Welcome Bonus $500 | Available | Available | Unavailable | Unavailable | Unavailable | Unavailable |
| Islamic Swap Free Account | Available | Available | Unavailable | Unavailable | Unavailable | Unavailable |
| Signup Pages | OpenMT4 DirectFX | OpenMT4 Classic+ | Openpamm-MT4 DirectFX | Openpamm-MT4 Classic+ | Opencent-MT4 DirectFX | Opencent-MT4 Classic+ |
In addition to the standard steps in brand promotion among the target audience, the company aims at close B2B cooperation with major players to sell its liquidity based on the created high-tech infrastructure.
1. MT4 Direct FX account type
The main account type in the xChief line of trading accounts, aimed at experienced traders.
Distinctive features of this account are tight spreads without “markups” and a brokerage commission, the size of which is calculated based on the volume of the transaction at a rate of $ 15 per 1 million USD.
Open xChief’s MT4 Direct FX account
2. MT4 Classic Plus account type
A classic account type with a “floating” spread, where there is no commission for transactions.
Client orders are executed in the “Market Execution” mode, while the standard speed of execution of trade orders on the server is in the range of 100-150 ms (in normal market conditions).
Open xChief’s MT4 Classic Plus account
3. Cent MT4 Direct FX account type
“Cent” account, the balance sheet dimension of which exceeds the standard one by 100 times.
Otherwise, this type of account is completely identical to MT4 Direct FX accounts.
These accounts will be convenient for clients who wish to test MT4 Direct FX on a “cent” analog.
Open xChief’s Cent MT4 Direct FX account
4. Cent MT4 Classic Plus account type
“Cent” account, which differs from MT4.Classic + only in balance dimension.
Otherwise, these account types are identical.
Being an intermediate step between a demo account and a real standard account, cent-MT4 Classic + allows you to comfortably switch from “virtual” trading to working with real money.
xChief Ratings And Reviews
xChief's Rate
xChief In The News
xChief Company Profile
xChief, the FX global gateway offers you tight spreads from 0 pips and STP & ECN execution..
| Regulations & Licenses | |
|---|---|
| Company | ForexChief Ltd. |
| Founded | 2016 (8 years) |
| Country Base | Republic of Vanuatu |
| Headquaters | 1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu |
| Traders Rating | |
| Supported Platforms | |
| Maximum Leverage | 1,000:1 * |
| Crypto-Currencies | Not Available |
| Negative Balance | Offer Negative Balance Protection |
| Client Funds Safety | Segregated |
| Deposit Methods | |
| Withdrawal Methods |
Company Categories
Disclaimer about leverage:
Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.
xChief FAQ
Everything you need to know about xChief (ForexChief Ltd.).
ForexChief Introduces Swap-Free Islamic Accounts ForexChief Ltd., a renowned brokerage in the online forex market, is introducing Islamic Accounts, also known as swap-free accounts. This introduction is in response to the demand of traders whose religious beliefs prohibit the use of interest rates of global curre...
ForexChief Trading Platforms, Mobile App, and Tools ForexChief, an internationally acclaimed Forex broker, offers its clients an array of advanced and user-friendly platforms, applications, and trading tools. These platforms cater to various operating systems, including Windows, iOS, and Android, enabling traders...
ForexChief's Turnover Rebates and Trading Credits Do you want to make the most of your trading experience? Are you an active trader searching for ways to boost your income? If so, ForexChief brings you two fantastic promotions to help you achieve just that. With Turnover Rebates and Trading Credits, trading becom...
What is ForexChief? Established in 2014, ForexChief Ltd. is a pioneer in the world of online currency trading and precious metals, renowned for its advanced technological infrastructure built on the Straight Through Processing (STP) / No Dealing Desk (NDD) model. This ensures there's no conflict of interest betwe...
How to open ForexChief's FX trading account? Go to ForexChief's Official Website; Click on "Open a Live Account" button; Complete the account opening form; Receive account information from ForexChief; Log in to ForexChief's client portal from the Official Website. The account opening procedure with For...
xChief is committed to enhancing your trading experience through a variety of bonus promotions designed to suit every type of trader. From newcomers looking for a no-risk start to experienced traders aiming to maximize their strategies, the bonus offerings provide valuable opportunities to enhance trading efficie...
xChief Ltd, with registration number HY00923433, operates under the stringent regulatory oversight of the Mwali International Services Authority. This reputable authority has granted xChief a comprehensive license as an International Brokerage and Clearing House according to the International Companies Act of 20...
xChief has meticulously crafted a range of account types to cater to the varying needs of the trading community. These accounts include CENT, Classic+, DirectFX, and the flagship xPRIME. Each account type is tailored to distinct trader profiles, from beginners to institutional clients, providing specific fea...
xChief offers a versatile lineup of account types tailored to meet the diverse needs of the trading community. These accounts, named CENT, Classic+, DirectFX, and xPRIME, each have distinct features suited to different trader profiles ranging from beginners to seasoned institutional clients. This article exp...
Leverage is a powerful tool in forex trading, allowing traders to increase their exposure to the market without committing large amounts of capital. At xChief, a diverse range of leverage options is provided across various account types to cater to different levels of risk tolerance and trading strategies. T...
xChief Ltd, registered under the Mwali International Services Authority, is a licensed International Brokerage and Clearing House offering an array of forex services through advanced online trading technologies. Catering predominantly to experienced traders while also accommodating beginners with 'cent' accounts...
xChief supports a variety of withdrawal methods, each tailored to offer convenience and meet the diverse needs of all clients globally. These options ensure that traders can access their funds efficiently and securely. Withdrawal Options and Procedures Bank Transfers SWIFT Transfer Currencies: USD, C...
xChief is a distinguished broker in the financial markets, offering a broad range of services for trading Forex, metals, commodities, indices, stocks, and cryptocurrencies. With robust platforms and flexible account types, xChief caters to various traders from beginners to professionals, providing tailored tradi...
When engaging in forex trading, one of the pivotal aspects that attract or deter potential traders is the minimum deposit requirement. At xChief, the strategy behind minimum deposit thresholds is tailored to cater to a wide spectrum of traders, from novices to professionals, ensuring accessibility and a supporti...
