ForexChief in 30 seconds
ForexChief is an independent STP/NDD forex broker founded in 2014 and licensed by VFSC Vanuatu. Its main selling points are a $10 minimum deposit, spreads from Floating from 0 pips on EUR/USD and leverage up to 1:1000 on MT4 & MT5.
It suits small-account traders, cost-sensitive traders, scalpers and Expert Advisor users.
Broker Information
Company details, support channels and the languages the ForexChief website supports.
| Internationa offices | Office No.3, CNM Building, 1st floor, Port Vila, Vanuatu, Representative office: 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526 |
|---|---|
| Broker Type | STP/NDD |
| Broker Status | Independent Broker |
| Accept U.S Clients | No |
| Live Chat | Yes |
| Phone | +65 3159 3652, +234 903 079 5364 |
| Fax | No |
| info@forexchief.com, marketing@forexchief.com, partnership@forexchief.com | |
| Website Languages |
Account Information
What you need to open an account, which currencies you can hold, and how you can fund it.
| Free Demo Account | Yes |
|---|---|
| Min. Deposit | $10 |
| ECN account | No |
| Account Currencies | USD, CHF, GBP, EUR, JPY |
| Maximum Leverage | 1:1000 |
| Minimal Order Volume | 0.01 |
| Segregated accounts | Yes |
| Swap-free Accounts | Yes |
| MAM/PAMM accounts | PAMM |
| Managed account | No |
| Interest on margin | No |
| Deposit/ Withdraw Options |
Trading Terms
Platforms, pricing, permitted strategies and the markets you can trade with ForexChief.
| Trading Platforms | |
|---|---|
| Precision pricing | 3/4/5 digits |
| Type of Spread | Fixed/Floating |
| Commission | Standard and MAX No, Nano account 6 USD/lot |
| Lowest spread on EURUSD | Floating from 0 pips |
| Scalping | Yes |
| Hedging | Yes |
| Expert Advisors | Yes |
| One-click execution | Yes |
| OCO orders | No |
| Mobile Trading | Yes |
| Web Trading | Yes |
| Gold, Silver | Yes |
| CFDs | Yes |
| Other Trading Instruments | Yes |
| Promotion | Forex No Deposit Bonus $100 and Welcome Bonus up to $500 |
| Trading Contests | Yes |
ForexChief Pros and Cons
What we like
- Very low $10 minimum deposit
- Spreads from Floating from 0 pips on EUR/USD
- Both MT4 and MT5 on desktop, web and mobile
- Scalping, hedging and Expert Advisors allowed
- Swap-free accounts
- Free demo account to practise first
What to watch
- Leverage up to 1:1000 can wipe out small accounts fast
- Does not accept U.S. residents
- Commission: Standard and MAX No, Nano account 6…
Is ForexChief Safe and Regulated?
According to its profile, ForexChief is dealer in Securities (Principal’s License) issued by VFSC. Licensed brokers must follow capital, reporting and client-money rules set by their regulator, which gives traders an extra layer of protection.
How to keep your risk low
- Start with the free demo account, then fund a small live account.
- Withdraw profits regularly instead of building a large balance at one broker.
- Use leverage of 1:100 or lower until you have a tested strategy.
- Check the licence on the VFSC Vanuatu register before depositing.
How to Open an ForexChief Account
Register
Click Open Live Account and sign up with your name, email and phone number.
Verify
Upload an ID document and proof of address to complete KYC verification.
Choose a platform
Pick MT4 or MT5, your account currency (USD, CHF, GBP, EUR, JPY) and your leverage.
Fund & trade
Deposit from $10 with a card, e-wallet or bank wire, then log in and place your first trade.
ForexChief Bonus and Promotions
Our listing records Forex No Deposit Bonus $100 and Welcome Bonus up to $500 and regular trading contests at ForexChief. Bonuses usually come with trading-volume conditions and cannot always be withdrawn, and promotions change often — always read the current terms on the broker's site first.
Looking for free credit without depositing? See our updated forex no deposit bonus list or the latest forex deposit bonus offers.
Who Is ForexChief Best For?
Small-budget traders
A $10 deposit and 0.01 lot trades let you go live with very little capital.
Scalpers & EA users
Spreads from Floating from 0 pips and full Expert Advisor support suit fast strategies.
Islamic traders
Swap-free accounts remove overnight interest charges.
ForexChief vs Similar Brokers
How ForexChief compares with other featured brokers on ForexAllNews.
ForexChief FAQ
Is ForexChief a regulated broker?
Yes. Dealer in Securities (Principal’s License) issued by VFSC. Always confirm the licence on the regulator's own register.
What is the ForexChief minimum deposit?
The listed minimum deposit is $10. That makes ForexChief one of the lowest-cost ways to open a live forex account.
What is the maximum leverage at ForexChief?
ForexChief offers leverage of up to 1:1000. High leverage magnifies both profits and losses, so beginners should use a much lower ratio.
Which trading platforms does ForexChief offer?
MetaTrader4, MT4 for iPhone and iPad, MT4 for Android, MetaTrader5, MT5 for iPhone and iPad, MT5 for Android and More.
Does ForexChief accept US clients?
No. ForexChief does not accept clients from the United States.
Does ForexChief allow scalping, hedging and Expert Advisors?
Scalping: allowed. Hedging: allowed. Expert Advisors: allowed.
Does ForexChief offer swap-free Islamic accounts?
Yes. Swap-free accounts are available for traders who cannot pay or receive overnight interest.
Does ForexChief have a bonus?
Our listing records the promotion "Forex No Deposit Bonus $100 and Welcome Bonus up to $500" and trading contests. Bonus offers change often, so always check the current terms on the ForexChief website before depositing.
Risk warning: Forex and CFD trading with leverage carries a high level of risk and may not be suitable for all investors. You could lose more than your initial deposit. Broker details on this page come from our listing and may change — confirm all conditions on the official ForexChief website before trading.