Score
xChief
Comoros|5-10 years| Benchmark D|https://www.xchief.com/
Website
Rating Index
Benchmark
Benchmark
D
Average transaction speed (ms)
MT4/5
Full License
xChief-Classic
Influence
B
Influence index NO.1
Iraq 5.04Benchmark
Speed：D
Slippage：D
Cost：D
Disconnected：C
Rollover：D
MT4/5 Identification
MT4/5 Identification
Full License
GermanyInfluence
Influence
B
Influence index NO.1
Iraq 5.04Contact
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic information
Comoros
5-10 years Regulated in Comoros Regulated in Australia Retail Forex License Appointed Representative(AR) MT4 Full License MT5 Full License Self-developed High potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Benchmark
WikiFX Data provideSources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Botswana
Nigeria
Sri Lanka
fcxchief.asia
Server Location
United States
Website Domain Name
fcxchief.asia
Server IP
172.67.140.14
-
xchief.com
Server Location
United States
Website Domain Name
xchief.com
Server IP
104.21.58.19
-
forexchief.tw
Server Location
Singapore
Website Domain Name
forexchief.tw
Server IP
54.169.31.118
Company Summary
| xChiefReview Summary | |
| Founded | 2014 |
| Registered Country/Region | Comoros |
| Regulation | MISA (Offshore) |
| Market Instruments | Forex, Metals, Commodities, Indexes, Stocks, Cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | MT4, MT5, xChief App |
| Min Deposit | 0 |
| Customer Support | Live chat, phone, email |
xChief Information
xChief (formerly ForexChief) is an online Forex and CFD trading broker that offers multiple assets for trading online via the MetaTrader4/5 platforms. Founded in 2014, its head office is in Vanuatu while other representative offices are in Singapore and Nigeria. xChief Ltd is incorporated in the Republic of Comoros.
Is xChief Legit?
xChief Ltd is a retail forex broker offshore regulated by the Mwali International Services Authority (MISA) in Comoros with the license number T2023379. Besides, xChief prioritizies the safety of client funds. If there are any losses caused by technical faults, xChief will compensate for them. It also protects clients' funds by segregating them into separate bank accounts.
Pros & Cons
xChief has several pros and cons. It offers various trading instruments, multiple account types, and user-friendly trading platforms. Besides, it also highlights the safety of client funds, and manages to protect them. What's more, it is well regulated, and it is a mature broker. However, some reports have been exposed, which says that xChief has slippage.
| Pros | Cons |
| Various trading instruments | Withdrawal issues and slippage |
| Tight spreads | Offshore regulated |
| Demo accounts | |
| MT4/5 supported | |
| No minimum deposit requirement | |
| Live chat |
Accounts
xChief offers 4 types of trading accounts: CENT account, Classic+ account, DirectFX account, and xPRIME account. Demo accounts are also available for traders.
| Account Type | Account Curency | Minimum Deposit | No-Deposit Bonus $100 | Welcome Bonus $500 |
| CENT | USD, EUR | 0 | ❌ | ❌ |
| Classic+ | USD, EUR, GBP | $10 (or equivalent) | ✔ | ✔ |
| DirectFX | USD, EUR, GBP | $50 (or equivalent) | ✔ | ✔ |
| xPRIME | USD, EUR, GBP, CHF, JPY | $2000 (or equivalent) | ❌ | ✔ |
Leverage/Spreads & Commissions
The leverage is relatively high, and for some types of accounts, it can be up to 1:1000, which means risks may also be high.
| Account Type | Max Leverage | Spreads | Commissions |
| CENT | 1:500 | From 0.9 pips | ❌ |
| Classic+ | 1:1000 | From 0.6 pips | ❌ |
| DirectFX | 1:1000 | From 0.3 pips | $/€/£2.5 |
| xPRIME | 1:1000 | From 0 pips | $/€/£/₣3/¥500 |
Trading Platforms
| Trading Platform | Available Devices | Suitable for |
| MetaTrader5 | Desktop, iOS, Android, MacOS, Web | Beginners |
| MetaTrader4 | Desktop, iOS, Android, MacOS, Web | Skilled and professional traders |
| xChief Mobile App | Mobile | All types of traders |
Deposits & Withdrawals
TxChief supports different kinds of deposit and withdrawal methods. Take the UK for example.
| Deposit Methods | Fees | Time | Currency |
| SWIFT | 0% | Up to 5 days | EUR, GBP |
| Crypto | 0% | Up to 8 hours | BTC, ETH, LTC, XRP, USDT, USDC |
| Perfect Money | 1.99% | Instantly | USD, EUR |
| Withdrawal M ethods | Fees | Time | Currency |
| SWIFT | 1%, min.€50/£50 | Up to 5 business days | EUR, GBP |
| SEPA | €25 | Up to 3 business days | EUR |
| Debit/Credit Card | 2%, min.$5/€5 | Up to 7 business days | USD, EUR |
| Crypto | 0% | 1 business day | BTC, ETH, LTC, XRP, USDT, USDC |
| Perfect Money | 0.5% | 1 business day | USD, EUR |
Customer Service
xChief provides customer services to its clients, and it has unique contact options in the headquarter as well as representative offices.
| Vanuatu Contact Info | |
| Phone | +65 31593652 |
| info@xchief.com | |
| marketing@xchief.com | |
| partnership@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | 1st Floor, CNM Building, Port Vila, Vanuatu |
| Singapore Contact Info | |
| Phone | +65 31593652 |
| asia@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526 |
| Nigeria Contact Info | |
| Contact Options | Details |
| Phone | +234 9030795364 |
| nigeria@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | Suite 319 Rock of Ages Mall Jabi, Abuja, Nigeria |
FAQs
Is xChief regulated?
Yes, it is regulated by the MISA.
Does xChief offer demo accounts?
Yes.
What trading platforms does xChief have?
It supports MT4, MT5, and xChief APP.
What is the minimum deposit for xChief?
The minimum deposit is 0.
Keywords
- 5-10 years
- Regulated in Comoros
- Regulated in Australia
- Retail Forex License
- Appointed Representative(AR)
- MT4 Full License
- MT5 Full License
- Self-developed
- High potential risk
- Offshore Regulated
News
News WikiFX Broker Assessment Series | Is xChief Legit or a scam?
xChief (formerly known as Forex Chief) is a forex broker located in Mwali, regulated by Reg.number HY00923433 the Mwali International Services Authority (MISA). xChief, It was founded in 2014.
2024-03-18 19:09
News Changes to the trading schedule on November 23-24, 2023
Forexcheif broker wishes to inform traders that trading schedule alterations will be implemented on November 23-24, 2023, in observance of the Thanksgiving holiday in the United States. The broker is therefore requesting their users to kindly take this information into account while conducting your transactions.
2023-11-27 14:10
News WikiFX report: Ex-Japan Forex Chief Sees Kuroda Standing Firm Despite Weak Yen
Bank of Japan Governor Haruhiko Kuroda won’t change his ultra-low interest rate policy in the coming quarters, even though he’ll come under political pressure to do so over the weak yen, according to one of the country’s former chief currency officials.
2022-04-19 15:51
News 30+ Reasons to Choose ForexChief
ForexChief have been providing services for 7 years! ForexChief started its activity in 2014 and is a well-known brand now.
2021-12-15 18:31
Review 23
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FX2293563965
Iraq
I cannot withdraw profits from this clearly fraudulent broker.
Exposure
12-04
ergil27
Turkey
I had 415 USD in my account, suddenly my account was reset. It is not reliable, do not deposit money.
Exposure
2023-09-21
blueink
Iraq
After I used a bonus without deposit, which is a unable-to-withdraw bonus, my profits increased by more than $256. The next day, the account returned to $100. I contacted to them, but they denied it. I demanded my profits which fulfilled the condition of this bonus, and I did not get benefit from anything.
Exposure
02-26
Mayaz Ahmad
Bangladesh
A client has reported that this broker charge high slippage on orders which is expected to bring profits for the clients.
Exposure
2021-08-09
Mayaz Ahmad
Bangladesh
A client has his account blocked after he requested withdrawal of a petty amount.
Exposure
2021-07-30
FX2620371122
Indonesia
The withdrawal process is slow and the balance is becoming less. The fund hasn’t been credited to my account, albeit successful process.
Exposure
2020-08-17
JeepLee
United Kingdom
Hello guys! I've recently been dabbling in the numerous trading waters offered by ForexChief. Their platform comes equipped with the MT4 and MT5, which definitely adds a feel of familiarity. But what stood out for me was the variety of market instruments - metals, commodities, crypto, and more! It certainly adds a dynamic feel to the trading journey. Just a heads-up though, their regulation comes from an offshore body, so careful navigation is advised. At the end of the day, remember to enjoy the waves but also respect the currents. Safe trading!
Neutral
2023-12-04
噯緈緈
United Kingdom
I've been trading in forexchief for about two months, and for now everything is OK. However, I see some exposures on wikifx... is forex chief a scam? should I withdrawal all my money to avoid possible scams??
Neutral
2023-02-16
Hà Lực
Vietnam
Trading conditions on this platform seems quite attractive… but when I tested its demo account, the spreads on the eur/usd pairs as high as 4 pips, I just cannot accept such high spreads, and I’ll choose another alternative.
Neutral
2022-11-23
™妖♠孽
Venezuela
From the beginning things were normal, because the trading was normal, there were no serious slippages, the speed of withdrawals was reasonable... But recently the situation has changed!! Serious and negative slippage started to emerge, and withdrawals are a long time coming.
Neutral
2022-11-21
FX4260336797
Brazil
Guys I am satisfied with the services of this company. They give good trading conditions and I have no problems with withdrawal of money.
Positive
12-13
FX1678510646
Malaysia
Hello everyone. Today I withdrew money for the first time. The withdrawal request was processed very quickly. I am satisfied. Good company.
Positive
11-26
FX3833261503
United Kingdom
Trading with this broker has been a smooth experience so far. Spreads are decent, and withdrawals are processed without delays. The platform works well, though I wish there were more tools for analysis. Overall, it’s a good choice for those looking for straightforward trading.
Positive
10-16
Germer
Hong Kong
xChief, now that's a platform with some serious market instruments! And when it comes to customer support, they're on it like white on rice. Quick, friendly, and always there to help. Give them a try, you won't regret it!
Positive
07-23
BenjamínFer
Chile
Not a bad broker. I have been trading with this company for quite a long time. Everything is fine
Positive
06-26
Paul Schmidt
Germany
I've been trading with xChief and am overall satisfied. Although they lack strong regulatory oversight, they fulfill their commitments and offer competitive trading conditions comparable to well-known brokers. Despite some drawbacks, the service is reliable, and I haven't faced major issues with execution or withdrawals. I'm pleased with their performance and would recommend them to other traders.
Positive
06-13
Esto
Finland
Not bad. Not bad. They withdraw money without a problem. There are no trade barriers or restrictions. Everything is fine
Positive
05-22
Doris Huntington
Netherlands
Trading isn't exactly my expertise, but I've found a rewarding avenue to grow my wealth by entrusting it to skilled account managers through this company. Over the past three months, I've experienced a steady flow of returns.
Positive
05-08
Clintti
Netherlands
I love xCheif!!! They offers a $100 welcome bonus. I used this platform and it is super fits me! Having been trading with xCheif for two weeks, great stability, good spreads and fast execution. I feel very lucky that I chose this amazing broker! ❤❤❤
Positive
04-28
Asamoa
South Africa
Just received another withdrawal. The company is doing alright so far. Trading conditions are decent, and their support is responsive. So far, so good. Let's see how it goes from here.
Positive
04-26