Is Forexchief Broker SCAM?

To Son of Nature,

ForexChief broker is one of several brokers originating from an offshore country. According to the information we received, this broker from Vanuatu has been established since 2014. The regulation obtained by this broker is only a regulation from its country of origin, namely VFSC (Vanuatu Financial Services Commission). However, this broker has expanded its offices to Singapore and Russia.

Because it is still categorized as a new-incomer broker, the information that can be obtained about this broker is still very limited. This broker offers forex trading and several precious metals with the MetaTrader 4 platform. For financial transactions, this broker accepts deposit or withdrawal payments via: bank wire, credit/debit card, e-wallet, Fasapay, Webmoney.

In conclusion, as a newcomer, the credibility of this broker is still not further discussable. However, you can still try trading on the broker, with the note that the funds you use are not too large.

Hopefully it can help.

I have been trading on ForexChief since 2015 with no problems.

I did make a small deposit of only $1000, but every week I made withdrawals averaging $500 safely, and until now ForexChief broker still has no problems with payments.

ForexChief broker is like a ladder for me to trade forex without capital.

Initially got to know them from a $100 welcome bonus, then participated in a contest and won 2nd place, getting a $300 prize, and now my balance is over $700 starting from NDB.

Fast withdrawals and good order execution make me more comfortable trading on their platform. And the most important thing for me when choosing a broker, they actively monitor client complaints on the largest forex forum, ForexPeaceArmy.

One example is as follows, a representative from ForexChief responded to a client on the forum.