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xChief Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.xchief.co..., the company's legitimate regulatory information ComorosMISARetail Forex License, AustraliaASICAppointed Representative(AR) to enhance the security of the company's address Floor 21, 60 Margaret Street, Sydney, NSW 2000, Australia

xChief Forex Broker

Basic Information

Registered Region
Comoros
Operating Period
--
Company Name
xChief Ltd
Abbreviation
xChief
Company employee
--
Customer Service Email Address
marketing@xchief.com
Contact Number
+6180936512
Company Website
Company address
Floor 21, 60 Margaret Street, Sydney, NSW 2000, Australia
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

Company profile

xChiefReview SummaryFounded2014Registered Country/RegionComorosRegulationMISA (Offshore)Market InstrumentsForex, Metals, Commodities, Indexes, Stocks, CryptosDemo Account✅LeverageUp to 1:1000SpreadFrom 0 pipsTrading PlatformMT4, MT5, xChief AppMin Deposit0Customer SupportLive chat, phone, emailxChief 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.ProsCons Various trading instrumentsWithdrawal issues and slippageTight spreadsOffshore regulatedDemo accountsMT4/5 supportedNo minimum deposit requirementLive chatAccounts xChief offers 4 types of trading accounts: CENT account, Classic+ account, DirectFX account, and xPRIME account. Demo accounts are also available for traders.Account TypeAccount CurencyMinimum DepositNo-Deposit Bonus $100Welcome Bonus $500CENTUSD, EUR0❌❌Classic+USD, EUR, GBP$10 (or equivalent)✔✔DirectFXUSD, EUR, GBP$50 (or equivalent)✔✔xPRIMEUSD, EUR, GBP, CHF, JPY$2000 (or equivalent)❌✔Leverage/Spreads & Commissions The leverage is relatively high, and for some types of accounts, it can be up to 1:1000, which means risks may also be high.Account TypeMax LeverageSpreadsCommissionsCENT1:500From 0.9 pips❌Classic+1:1000From 0.6 pips❌DirectFX1:1000From 0.3 pips$/€/£2.5xPRIME1:1000From 0 pips$/€/£/₣3/¥500Trading PlatformsTrading PlatformAvailable Devices Suitable for MetaTrader5Desktop, iOS, Android, MacOS, WebBeginnersMetaTrader4Desktop, iOS, Android, MacOS, WebSkilled and professional tradersxChief Mobile AppMobileAll types of tradersDeposits & Withdrawals TxChief supports different kinds of deposit and withdrawal methods. Take the UK for example.Deposit MethodsFeesTimeCurrencySWIFT0%Up to 5 daysEUR, GBPCrypto0%Up to 8 hoursBTC, ETH, LTC, XRP, USDT, USDCPerfect Money1.99%InstantlyUSD, EURWithdrawal M ethodsFeesTimeCurrencySWIFT1%, min.€50/£50Up to 5 business daysEUR, GBPSEPA€25Up to 3 business daysEURDebit/Credit Card2%, min.$5/€5Up to 7 business daysUSD, EURCrypto0%1 business dayBTC, ETH, LTC, XRP, USDT, USDCPerfect Money0.5%1 business dayUSD, EURCustomer Service xChief provides customer services to its clients, and it has unique contact options in the headquarter as well as representative offices.Vanuatu Contact InfoPhone +65 31593652Email info@xchief.commarketing@xchief.compartnership@xchief.comSupport Ticket System ✔Online Chat 24/7Website Language EnglishCompany Address 1st Floor, CNM Building, Port Vila, VanuatuSingapore Contact InfoPhone +65 31593652Email asia@xchief.comSupport Ticket System ✔Online Chat 24/7Website Language EnglishCompany Address 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526Nigeria Contact InfoContact Options DetailsPhone +234 9030795364Email nigeria@xchief.comSupport Ticket System ✔Online Chat 24/7Website Language EnglishCompany Address Suite 319 Rock of Ages Mall Jabi, Abuja, NigeriaFAQs 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.

Rating Index

CENT

Minimum Deposit
--

xPRIME

Minimum Deposit
$2000 (or equivalent)
How to login to xChief?
XCHIEF Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a XCHIEF Account Registering for an account with XCHIEF is a straightforward process that allows you to start trading on their platform. Follow these detailed step

  

xchief Forex Broker - Complete Information Guide

  

1. Overview of the Broker

  xchief, formerly known as ForexChief, is a prominent online brokerage firm that specializes in forex and CFD trading. Established in 2014, the company is headquartered in Fomboni, Comoros, with additional offices in various locations, including Dubai and Singapore. xchief operates as a private entity, catering primarily to retail clients and offering services to institutional investors as well.

  Since its inception, xchief has achieved significant milestones, including the expansion of its trading platform offerings and the introduction of various account types to meet the diverse needs of its clientele. The broker has built a reputation for providing competitive trading conditions, including high leverage options and a wide range of trading instruments.

  xchief operates under the umbrella of xchief Ltd, which is affiliated with the Mwali International Services Authority (MISA). The business model is primarily focused on retail forex trading, but it also accommodates institutional clients through its advanced trading solutions.

  

2. Regulation and Compliance Information

  xchief is regulated by two primary authorities: Mwali International Services Authority (MISA) and the Australian Securities and Investments Commission (ASIC). The specific regulatory details are as follows:

  • MISA License Number: T2023379
  • ASIC License Number: AFSR No. 001312104

  The regulatory framework provided by MISA allows xchief to operate as an international brokerage and clearing house, although it is important to note that the oversight is not as stringent as that of top-tier regulators like the FCA or ASIC. The company ensures client funds are held in segregated accounts, thus providing a layer of security for traders.

  xchief adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures to prevent fraud and ensure a secure trading environment. These regulations require clients to verify their identities by providing valid identification documents and proof of address.

  

3. Trading Products and Services

  xchief offers a diverse range of trading products, making it an attractive option for traders looking to explore various financial instruments. The main categories of products available include:

  • Forex: The broker provides access to over 70 currency pairs, including major, minor, and exotic pairs.
  • CFDs: xchief offers trading in various CFDs, including indices, commodities, stocks, and cryptocurrencies. This allows traders to speculate on the price movements of these assets without owning the underlying instruments.
  • Cryptocurrencies: The platform supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, enabling traders to capitalize on the volatility of the crypto market.

  xchief is committed to regularly updating its product offerings to meet the evolving needs of its clients. The broker also provides retail trading services, with options for institutional clients available upon request.

  

4. Trading Platforms and Technology

  xchief provides access to two of the most widely used trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are known for their user-friendly interfaces and robust features, making them suitable for traders of all experience levels.

  • MetaTrader 4 (MT4): This platform is ideal for forex trading and offers a variety of technical indicators, charting tools, and automated trading options.
  • MetaTrader 5 (MT5): Designed for more advanced trading, MT5 includes additional features such as more pending order types, an economic calendar, and enhanced backtesting capabilities.

  In addition to desktop applications, xchief also supports mobile trading through its proprietary app, allowing traders to manage their accounts and execute trades on the go. The broker utilizes an STP (Straight Through Processing) model, ensuring rapid order execution and minimal slippage.

  xchief also supports API access for algorithmic trading, making it easier for traders to implement automated strategies.

  

5. Account Types and Trading Conditions

  xchief offers several account types tailored to different trading preferences and experience levels:

  • Standard Account: Requires a minimum deposit of $10, with spreads starting from 1.5 pips and commission-free trading.
  • ECN Account: This account type offers tighter spreads starting from 0.2 pips, suitable for high-volume traders, with a minimum deposit of $500.
  • VIP Account: Designed for professional traders, this account requires a higher minimum deposit of $5,000 and offers the lowest spreads and priority customer support.
  • Cent Accounts: Ideal for beginners, allowing traders to start with smaller amounts while gaining real trading experience.

  Leverage options vary by account type, with maximum leverage reaching up to 1:1000. The minimum trade size is 0.01 lots, and the broker does not impose overnight fees for certain account types.

  

6. Fund Management

  xchief provides a variety of deposit and withdrawal methods to facilitate easy fund management. The available options include:

  • Deposit Methods: Bank transfers, credit/debit cards, and various e-wallets such as Skrill, Neteller, and cryptocurrencies like Bitcoin and Ethereum. The minimum deposit requirement varies by account type, starting from $10.
  • Withdrawal Methods: Clients can withdraw funds using the same methods as deposits, with most withdrawals processed within one business day. The broker does not charge withdrawal fees, although third-party fees may apply.

  The processing times for deposits and withdrawals ensure that clients have quick access to their funds, enhancing the overall trading experience.

  

7. Customer Support and Educational Resources

  xchief is committed to providing excellent customer support through multiple channels, including:

  • Support Channels: Email, live chat, and telephone support.
  • Service Hours: Support is available 24/5, covering major trading hours.
  • Multilingual Support: The support team is proficient in various languages, including English, Spanish, Arabic, and Russian.

  In addition to customer support, xchief offers educational resources designed to help traders improve their skills. These include ebooks, video tutorials, and market analysis reports. The broker also provides tools such as economic calendars and trading calculators to assist traders in making informed decisions.

  

8. Regional Coverage and Restrictions

  xchief primarily serves clients globally, with a focus on emerging markets. However, the broker does not accept clients from certain jurisdictions, including the United States, North Korea, Syria, and Iran. The company has established regional offices in several countries to enhance its service offerings and client support.

  In summary, xchief is a versatile forex and CFD broker that offers a range of trading products and services, competitive trading conditions, and a user-friendly trading environment. While it operates under offshore regulation, it provides various security measures to protect client funds and personal information. Traders should carefully consider their individual needs and risk tolerance when choosing to trade with xchief.

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Latest Reviews

FX1061954056

FX1061954056

Nigeria

I’m extremely satisfied with the services provided by xchief, their professionalism,expertise and personalized approach from their customer support make my whole trading experience seamless and stress-free

Positive

06-28

Nicolas Navarro

Nicolas Navarro

Authenticated

Argentina

This broker offers forex, CFD, and cryptocurrency trading. It stands out for its commission-free accounts, low spreads, and intuitive trading platform. It provides welcome bonuses, PAMM accounts for investment, and copy trading services.

Positive

06-25

FX2119292289

FX2119292289

Argentina

It works perfectly, everything is great, I made a lot of money

Positive

06-24

xChief Forex Broker has an overall rating of 5.92, Regulatory Index 5.87, License Index 5.95, Business Index 7.63, Software Index 9.10 Risk Control Index 0.00.