xChief offers online brokerage services across 6 asset classes with no minimum deposit requirements. It also provides a copy trading service, DirectFX, with an entry barrier of $200. However, the broker doesn't provide services to US clients.
xChief provides maximum leverage up to 1:1000. Also, traders should note that the broker operates under MISA and FSCA regulations, neither of which is considered a strict Tier-1 supervisory authority.
xChief (Company Introduction and Regulation)
xChief Ltd, operating under the brand name xChief, is licensed by the Mwali International Services Authority (MISA) in Comoros. MISA is an offshore regulatory body that does not bring much safety to the deal.
Here are what you need to knowabout the broker branches:
Entity Parameter | XCHIEF LTD | XCHIEF ZA (PTY) LTD |
Regulation | MISA | FSCA |
Regulation Tier | N/A | 2 |
Country | Comoros | South Africa |
Investor Protection Fund / Compensation Scheme | Insurance 30% of Deposit (up to $10,000) | Insurance 30% of Deposit (up to $10,000) |
Segregated Funds | Yes | Yes |
Negative Balance Protection | Yes | Yes |
Maximum Leverage | 1:1000 | 1:1000 |
Client Eligibility | International (except restricted regions) | South Africa |
However, the company offers two main safety schemes for client funds, including segregated accounts and financial guarantees against technical faults. Key features of ForexChief:
- MetaTrader Integration
- Diverse Account Types
- MISA approved with the license number T2023379
- Tight spreads from 0.0 pips
- Over 150 financial instruments
ForexChief Broker Table of Specifications
By combining regulatory compliance with advanced technology and a client-centric approach, xChief aims to position itself as a trustworthy and efficient trading partner.
Broker | xChief (ForexChief) |
Account Types | Cent, Classic+, DirectFX, xPRIME |
Regulating Authorities | MISA, FSCA |
Based Currencies | USD, EUR |
Minimum Deposit | $0 |
Deposit Methods | Bank Transfers (Swift), PerfectMoney, Cryptocurrencies |
Withdrawal Methods | Bank Transfers (Swift, SEPA), Perfect Money, Cryptocurrencies, Credit/Debit Cards |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | Copy Trading, Investment accounts |
Trading Platforms & Apps | MT4, MT5, Proprietary platform |
Markets | Forex, Stocks CFDs, Indices CFDs, Crypto CFDs, Commodities, Metals |
Spread | Variable based on the account type |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | N/A / 30% |
Trading Features | Trading Calculator, Copy Trading, Economic Calendar, Market Analysis |
Affiliate Program | Yes |
Bonus & Promotions | Referral, Welcome Gift, No-Deposit Bonus, GOLD Whale Contest |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Chat Bot, Phone, Telegram Helpdesk |
Customer Support Hours | 24/7 |
xChief Account Types
The Forex broker offers various account types, including "cent" accounts with a 100x balance multiplier, catering to both novice and experienced traders. Key features of xChief accounts:
Features | Cent | Classic+ | DirectFX | xPRIME |
Min Deposit | $0 | $10 | $50 | $2,000 |
Currency | USD, EUR | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP, CHF, JPY |
Max Leverage | 1:500 | 1:1000 | 1:1000 | 1:1000 |
Execution Mode | Market | Market | Market | Market |
Min Order Size (Lots) | 0.01 | 0.01 | 0.01 | 0.01 |
Commission (Based Currency) | 0 | 0 | 2.5 | 3 |
Spread | From 0.9 pips | From 0.6 pips | From 0.3 pips | From 0.0 pips |
Instruments | 35+ Forex, Metals | 50+ Forex, Metals, Commodities, Indexes, Stocks, Crypto | 150+ Forex, Metals, Commodities, Indexes, Stocks, Crypto | 150+ Forex, Metals, Commodities, Indexes, Stocks, Crypto |
Swap-Free | No | Yes | Yes | Yes |
xChief Upsides and Downsides
When considering ForexChief as your Forex and CFD broker, weighing both the advantages and potential drawbacks is essential.
Pros | Cons |
More than ten years of experience in the trading industry | Lack of license from tier-1 regulators |
Diverse trading platforms (MT4/5, mobile trading) | Limited selection of instruments |
STP/NDD technology | Lower leverage options than some of the competitors (1:1000) |
Various bonuses, promotions, and loyalty programs | Some negative reviews regarding withdrawals |
24/7 multilingual customer support | - |
Registration and Verification on xChief
ForexChief has streamlined its registration and verification process to provide a seamless onboarding experience. KYC verification is mandatory for most deposit and withdrawal options. You can deposit and withdraw up to $2,000 only viacryptocurrency without verification.
Read through the following sections for a detailed xChief sign-up tutorial.
#1 Visit xChief Website
Head to the official xChief website and click on the “Register” button located on the homepage.
#2 Complete the Sign-Up Form
Fill in these details of yours:
- Full name
- Country of residence
- Phone number
- Email address
Accept the terms and proceed.
#3 Confirm Your Email
A confirmation code will be sent to your email.
Copy the code and enter it in the registration form to verify your identity.
#4 Choose Account Settings
Select your desired account type, platform (MT4/MT5), base currency, and leverage.
Click “Open Account” to proceed.
#5 Access Your Trading Dashboard
Log into your personal area using the credentials you created and begin setting up your trading environment.
#6 xChief Account Verification Process
After registering with xChief, users can access the platform’s complete suite of financial services by completing the verification procedure.
The xChief verification is structured into three straightforward steps to confirm account authenticity.
#1 Access the xChief Identity Verification Section
Begin the verification process on xChief by:
- Logging into your dashboard;
- Navigating to the “Profile” section.
#2 Upload Your Identity Document
Provide one of the accepted forms of identification:
- Passport
- National ID card
Supported file formats include JPG, PNG, PDF, or GIF.
#3 Submit a Verification Selfie
Take a clear selfie while holding your ID in front of your face and upload it. This step confirms that the document belongs to the account holder.
If your initial KYC attempt is rejected, xChief may request verification via the mobile app:
- Download the xChief Broker app from your device’s app store;
- Log in using your registered email and verification code.
Navigate to Profile and select “Verify Your Identity” and select your document type:
- Passport
- ID card
This step guarantees that your device’s camera is properly utilized for precise document capture and verification. Once you select the type of ID, carefully follow the mobile instructions:
- Capture a clear photo of the front side of your document
- Capture a clear photo of the back side of your document
- Take a selfie holding the document for identity confirmation
Verification is usually completed within about one hour, after which your account profile will be fully activated and ready to use all platform features.
xChief Trading Platform Offerings
We must discuss the trading platform, in this stage of the xChief broker review. The company provides a comprehensive suite of trading platforms, from MetaTrader 4 to a proprietary mobile app, to cater to the diverse needs of its client base.
MetaTrader 4 (MT4)
- Desktop
- Web
- MT4 Android
- MT4 iOS
MetaTrader 5 (MT5)
- Desktop
- Web
- MT5 Android
- MT5 iOS
xChief Mobile App
ForexChief Broker Fees and Commissions
xChief has significantly reduced trading spread sizes, slippage sizes, and the percentage of refused orders due to its exclusive aggregation architecture. Trading costs vary across various account types, as you see below.
Features | Spread | Commission |
Cent | From 0.9 pips | $0 |
Classic+ | From 0.6 pips | $0 |
DirectFX | From 0.3 pips | $2.5 |
xPRIME | From 0.0 pips | $3 |
The broker also charges Swap/Rollover fees on positions held overnight, which vary based on the instrument.
Swap (Rollover) Fee at xChief
xChief’s overnight swap rates vary per instrument and are precisely shown in its Trader’s Calculator.
For example, AUDCAD has a swap-short of 0.11 pips (≈ 0.80 USD) and swap-long of –0.94 pips (≈ –6.82 USD). Similarly, EURUSD shows different swap-point values per its calculation tool.
Here are important official highlights:
- xChief provides a live Trader’s Calculator that displays both “Swap Short” and “Swap Long” values in pips and USD for each symbol;
- For XAUUSD (Gold), xChief applies a swap-short of +21.2 USD and a swap-long of –3 USD per lot;
- A swap-free (Islamic) account option exists, but only for specific instruments and account types;
- If a swap-free position remains open for more than 7 days, xChief will automatically convert it back to standard swap conditions.
Non-Trading Fees at xChief
xChief’s non-trading fees are relatively limited, but the broker does apply certain operational charges. The most notable is the USDT (TRC20) withdrawal commission, which depending on blockchain load.
The broker also states that some administrative fees may apply under specific conditions, even though no fixed inactivity fee is publicly listed.
Here are the main official highlights:
- USDT (TRC20) withdrawals have a variable commission system that fluctuates between $2 and $25 based on network fees;
- All the withdrawal methods throw bank transfer and debit/credit cards are including transaction fee.
xChief Payment Options
One of the strengths of ForexChief is its diverse range of payment options, catering to traders from various regions and with different preferences.
Method | Currency | Deposit Fee | Withdrawal Fee | Min Withdrawal |
SWIFT | EUR, GBP | 0% | 1% | €50 |
SEPA | Not Available | - | - | €25 |
Debit/Credit Card | Not Available | - | 2% | $5 |
Crypto | BTC, ETH, LTC, XRP, USDT, USDC | 0% | 0% | - |
Perfect Money | USD, EUR | 1.99% | 0.5% | - |
Deposit Methods at xChief Broker
xChief offers straightforward deposit options that cater to both traditional banking and digital currency users.
Clients can fund their accounts using SWIFT bank transfers or a variety of cryptocurrencies, with minimal fees and reasonable processing times.
Here are the main deposit methods:
Deposit Method | Currency | Minimum Amount | Deposit Fee | Funding Time |
Bank Transfer (SWIFT) | EUR, GBP | From 0 | 0% | Up to 5 days |
Crypto | BTC, ETH, LTC, XRP, USDT, USDC | From 0 | 0% | Up to 8 hours |
Withdrawal Methods at xChief Broker
xChief provides multiple withdrawal methods designed to suit both traditional banking and digital asset users.
Clients can withdraw funds via SWIFT or SEPA bank transfers, debit/credit cards, or cryptocurrencies, with clear fees and defined processing times.
Here are the main official withdrawal methods:
Withdrawal Method | Currency | Minimum Amount | Withdrawal Fee | Funding Time |
Bank Transfer SWIFT | EUR, GBP | Not specified | 1 %, min. €50/£50 | Up to 5 business days |
Bank Transfer SEPA | EUR | Not specified | €25 | Up to 3 business days |
Debit/Credit Card | USD, EUR | Not specified | 2 %, min. $5/€5 | Up to 7 business days |
Crypto | BTC, ETH, LTC, XRP, USDT, USDC | Not specified | 0 % | Up to 1 business day |
USDT (TRC20) | USDT | Not specified | Flexible: $2–$25 | Up to 1 business day |
Does ForexChief offer Copy Trading and Growth Plans?
The broker stands out with its copy trading and investment account options, catering to traders of all experience levels.
Copy Trading
- Allows novice traders to mirror the trades of successful investors
- Provides an opportunity to learn from experienced traders
- Offers a passive income stream for those short on time
Investment Accounts
- Managed accounts for those who prefer hands-off investing
- PAMM (Percentage Allocation Management Module) accounts available
- Varying risk levels to suit different investor profiles
- A minimum investment of $100 is required
- Only available on the Classic+ and DirectFX accounts
xChief Financial Markets
xChief offers a selection of tradable instruments across several major asset classes, totaling around 150 instruments, which is slightly fewer than many competitors. Leverage varies depending on the instrument and account equity, providing flexibility for traders.
Below is a concise summary of key instrument categories and trading conditions:
Category | Type of Instruments | Number of Symbols | Competitor Average | Max. Leverage |
Majors, Minors, Exotics | +40 | ~ 60‑100 | 1:1000 | |
Metals (CFD) | Gold, Silver | 2 | ~ 3‑5 | 1:500 |
Commodities (CFD) | Crude Oil (WTI, Brent), Gas | 3 | ~ 5‑10 | 1:50 |
Indices (CFD) | Stock Indices (10 major indices) | 10 | ~ 10‑20 | 1:50 |
Stocks (CFD) | Global equity CFDs | 100 | ~ 100‑300 | 1:2 |
Cryptocurrency(CFD) | BTC, ETH, LTC, XRP, etc. | 6 | ~ 10‑30 | 1:5 |
This range of instruments allows traders to diversify their portfolios across forex, commodities, indices, stocks, metals, and cryptocurrencies while managing risk with flexible leverage options.
ForexChief Bonus and Promotions
The broker understands the importance of incentivizing traders and offers a range of bonuses and promotions, from welcome gift to trading contests, to sweeten the deal. The most important promotional programs on xChief:
- No-Deposit Bonus: $100 to start trading without risking your capital
- Welcome gift: Boost your initial deposit by 100% up to $500
- PAMM Bonus: $1000 for new PAMM account managers
- Gold Whale Contest: Compete with other traders for a monthly $5,000 prize
- Loyalty Pro: 30% insurance on your deposit only for DirectFX and xPRIME accounts
- Affiliate Program: Earn commissions by referring new traders
xChief Broker Awards
xChief has earned several prestigious industry awards in recent years, highlighting its commitment to excellence in brokerage services.
xChief awards are both regionally (Expo) and globally (financial leadership), strengthening its reputation. These accolades reflect xChief’s ongoing innovation, customer‑focus, and strong business growth.
Here are some of the most notable awards:
- Best IBs Program at Forex Expo Dubai 2025
- Best Islamic Forex Account at Forex Expo Dubai 2025
- Top 100 Broker at Smart Vision MEFM Awards Dubai 2025
- Top 50 CEO at Smart Vision MEFM Awards Dubai 2025
xChief Customer Support
Quality customer support is the backbone of any reputable broker, and xChief seems to take this seriously. The company offers 24/7 support in 20 languages, including English, Spanish, Portuguese, Russian, Farsi, etc.
info@xchief.com | |
Phone | +65 31593652 |
Telegram Helpdesk | https://t.me/ForexChief_bot |
Chat Bot | Accessible on the official website |
Ticket | Through your client area |
ForexChief Geo-Restrictions
Being regulated by an offshore financial authority (MISA), the broker is free to provide services in almost every country across the world. However, US citizens can’t use the xChief services.
Also, some services are incorporated with geo-restrictions. For example, the Souvenir service is only available to clients from India, Indonesia, Iran, Malaysia, Nigeria, Ghana, Benin, and Vietnam.
Potential clients must verify their eligibility based on their country of residence before attempting to open an account with xChief.
xChief Broker Trust Scores
User satisfaction is one of the most important topics in this xChief broker review. Trust is paramount in the forex industry, and the company’s reputation can be gauged through various review platforms.
TrustPilot | 3 out of 5 based on 12 ratings |
3.9 out of 5 based on 94 reviews |
The ScamAdviser platform has given the ForexChief's website a 51 out of 100 Trustscore.
ForexChief Broker Educational Content
Education is key to successful trading, and xChief provides resources to help traders improve their skills. These resources cover various topics, from market analysis to trading Indicators.
- Analytics: Daily market analysis and economic calendars
- Economic Articles: Introduction to market concepts
- Investing Guides: Articles about the best Stocks, ETFs, Crypto investments, and more
- Forex Strategies: Reviews on various strategies like Pivot Point, Trend Finder, Forex Momentum, and more
- Forex Indicators: A comprehensive Introduction to the most popular Indicators like ADX, Alligator, Fibonacci, and many more
xChief in Comparison to Other Brokers
The table below is a comparison between ForexChief and some of its major competitors:
Parameter | xChief Broker | FxGrow Broker | Errante Broker | FBS Broker |
Regulation | MISA, FSCA | CySEC, MiFID, CNMV, MNB, FINANSTILSYNET, ACPR, KNF, BaFin, FI, HCMC | CySEC, FSA | FSC, CySEC |
Minimum Spread | Variable based on the Account Type | From 0.00001 pips | From 0.0 pips | From 0.0 Pips |
Commission | Variable based on the Account Type | $8 | From $0.0 | From $0.0 |
Minimum Deposit | $0 | $100 | $50 | $5 |
Maximum Leverage | 1:1000 | 1:300 | 1:1000 | 1:3000 |
Trading Platforms | MT4, MT5, Proprietary platform | MetaTrader 5 | Metatrader 4, Metatrader 5, cTrader, Mobile App | MT4, MT5, Mobile App |
Account Types | Cent, Classic+, DirectFX, xPRIME | ECN, ECN Plus, ECN VIP, Demo | Standard, Premium, VIP, Tailor Made | Standard |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 150+ | 120+ | 150+ | 550+ |
Trade Execution | Market | Market | Market | Market |
Conclusion and Final Words
xChief provides access to Forex and CFDs onStocks and Cryptocurrencies with leverage options of up to 1:1000 and tight spreads from 0.0 pips. The company also offers various promotion plans, such as $100 no-deposit bonus and 100% welcome gift of up to $500.
ForexChief offer its services through the robust MT4 and MT5 trading solutions and a proprietary mobile app. The broker has an average TrustPilot score of 3.
