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
GermanyInfluence
B
Influence index NO.1
Iraq 5.04Benchmark
Speed：D
Slippage：D
Cost：D
Disconnected：AA
Rollover：D
MT4/5 Identification
MT4/5 Identification
Full License
GermanyInfluence
Influence
B
Influence index NO.1
Iraq 5.04Surpassed 68.30% brokers
Contact
Licenses
Single Core
1G
40G
Contact number
Other ways of contact
Broker Information
More
xChief Ltd
xChief
Comoros
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- The Comoros MISA regulation with license number: T2023379 is an offshore regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
WikiFX Data provide| Benchmark | D |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $2000 (or equivalent) |
| Minimum Spread | From 0 |
| Products | 150+ Forex, Metals, Commodities, Indexes, Stocks, Crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (10+) PerfectMoney WebMoney Neteller Skrill |
| Withdrawal Method | (10+) Skrill Bank transfer Neteller PerfectMoney |
| Commission | $3 / €3 / £3 / ₣3 / ¥500 1 |
| Benchmark | D |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $50 (or equivalent) |
| Minimum Spread | From 0.3 |
| Products | 150+ Forex, Metals, Commodities, Indexes, Stocks, Crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (10+) Skrill Bank transfer PerfectMoney WebMoney |
| Withdrawal Method | (10+) Neteller PerfectMoney WebMoney Skrill |
| Commission | $2.5 / €2.5 / £2.5 1 |
| Benchmark | D |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $10 (or equivalent) |
| Minimum Spread | From 0.6 |
| Products | 50+ Forex, Metals, Commodities, Indexes |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (10+) PerfectMoney WebMoney Neteller Skrill |
| Withdrawal Method | (10+) Skrill Bank transfer Neteller PerfectMoney |
| Commission | -- |
| Benchmark | D |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | No |
| Minimum Spread | From 0.9 |
| Products | 35+ Forex, Metals |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (10+) Skrill Bank transfer PerfectMoney WebMoney |
| Withdrawal Method | (10+) Neteller PerfectMoney WebMoney Skrill |
| Commission | No |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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WikiFX Data providexChief · 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.
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.
WikiFXNewsChanges 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.
WikiFXNewsWikiFX 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.
WikiFXNews30+ 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.
WikiFXReview 20
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