The ForexChief broker was registered in 2014. ForexChief is registered in Vanuatu. The VFSC, the controlling body, has been overseeing Forex financial companies since 1993.
VFSC is an acronym for Vanuatu Financial Services Commissions. Due to the Fraud Prevention Act, Forex business is controlled by the Vanuatu authorities.
An example of profitable trading with ForexChief is the rapid execution of orders for sale and small spreads.
Customers are offered trading in currency pairs, precious metals, energy sources, such as black gold, indices and cryptocurrencies.
Purchase and sale operations are made on the MT4 platform, and iOS and Android programs have been developed for convenience.
To top up or withdraw funds, it is possible to use bank, e-translation, e-systems: Skrill, Neteller, iWI, WebMoney, PerfectMoney, Yandex, Bitcoin.
ForexChief rewards system
ForexChief offers to use bonus programs. For each ForexChief closing team, rewards are provided that accumulate and are deposited into the customer's account at the end of the week.
The choice of ForexChief customers is presented with a range of premiums. This is the "Welcome Award" at the time of opening the account, equal to $100, reward for the number of profitable transactions, encouragement for top-up.
ForexChief provides interest-free or perpetual loans, which are guarantees for transactions. To obtain borrowed finances, you should top up the deposit by a small amount.
For those wishing to have additional income, you can use the White Label training program and start your own business by registering a brokerage Forex platform.
Additional bonuses are mandatory when participating in the IB Pro bonus program, which involves attracting new clients to cooperate with the ForexChief broker.
Analytics and extras
The ForexChief platform website presents analytical materials that are freely available to all comers. ForexChief information materials will interest experienced forex traders and newcomers.
Especially for new clients ForexCapital provided social trading, when intensifying this service, the trader without experience copies the operations of the purchase and sale of experienced and successful merchants and makes a profit.
The social trading program is designed for businessmen with little capital. In addition, copying the trades of successful traders helps to better understand the movements of the market, reduces the number of unsuccessful transactions.
ForexChief trading accounts
Thanks to ForexCapital, it is possible to trade on the international market not only for wealthy traders, but also for traders with little capital. To do this, there are different accounts with special trading conditions: cent, classic, direct.
ForexChief is traded using ECN (Electronic Communication Network). An ECN account is a network that excludes intermediaries in the exchange of information between the market and the forex merchant.
Trading using the shoulder increases the profitability of trades multiples. In the case of a botched operation, the leverage does not affect the amount of the loss, the client loses only his own finances.
Promotions and contests
To attract attention from customers and for a variety of trading ForexChief holds a variety of promotions and competitions. For example, many forex merchants liked the "Fast Warren" contest. The event is held over a period of two weeks. Fast Warren has cent accounts.
Participants of "Fast Warren" trade as usual and at the same time compete for the biggest profit and the largest turnover.
The reward for the winner is money. The prize pool was $2,100.
Trading for novice merchants
It is important for ForexChief to invest in the development of security programs. Particular attention is paid to the smooth operation of servers. In the case of non-standard load on trading computers, it is possible to maintain a stable operation of the center.
For businessmen without forex experience, training programs developed by the best specialists are provided. Individual training programs are provided.
The training demo account provides an opportunity to learn how to trade in an unpredictable international market. After gaining some experience, forex businessmen can trade on a cent account, replenishing it by $1. Then move on to more aggressive conditions.
Every reliable broker earns on commission money. ForexChief, being a reliable broker, conducts purchase-selling operations, charging a commission of up to 15%.
Among the additional advantages of the ForexChief broker is the availability of the platform in various languages: Russian, Ukrainian, English, Chinese, Spanish, Portuguese, Indonesian, Arabic, Hindi.