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.
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:
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.
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:
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.
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.
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.
xchief offers several account types tailored to different trading preferences and experience levels:
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.
xchief provides a variety of deposit and withdrawal methods to facilitate easy fund management. The available options include:
The processing times for deposits and withdrawals ensure that clients have quick access to their funds, enhancing the overall trading experience.
xchief is committed to providing excellent customer support through multiple channels, including:
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.
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.
Nicolas Navarro
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
Argentina
It works perfectly, everything is great, I made a lot of money
Positive
06-24
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