xChief Forex Broker

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.