Score
Comoros
|
5-10 years
|
Environment D
|https://www.xchief.com/
Website
Rating Index
Environment
D
Average transaction speed (ms)
MT4/5
Full License
xChief-Classic
Influence
B
Influence index NO.1
India 3.37Speed：D
Slippage：D
Cost：D
Disconnected：AA
Rollover：C
MT4/5 Identification
Full License
GermanyInfluence
B
Influence index NO.1
India 3.37
Licenses
Single Core
1G
40G
1M*ADSL
ComorosA Visit to XChief in the UAE – Office Found
The survey team went to Dubai in the UAE to visit forex broker XChief as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the aforementioned location. Meanwhile, investors are advised to make a sensible decision following much deliberation.
United Arab EmiratesA Visit to XChief in the UAE – Office Found
The survey team went to Dubai in the UAE to visit forex broker XChief as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the aforementioned location. Meanwhile, investors are advised to make a sensible decision following much deliberation.
United Arab Emirates
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiFX Data provide
WikiResearch
Botswana
fcxchief.asia xchief.com
forexchief.tw fxchief-indonesia.com forexchief.cn forexchief.com| xChiefReview Summary | |
| Founded | 2014 |
| Registered Country/Region | Comoros |
| Regulation | MISA (Offshore) |
| Market Instruments | Forex, Metals, Commodities, Indexes, Stocks, Cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | MT4, MT5, xChief App |
| Min Deposit | 0 |
| Customer Support | Live chat, phone, email |
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.
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.
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.
| Pros | Cons |
| Various trading instruments | Withdrawal issues and slippage |
| Tight spreads | Offshore regulated |
| Demo accounts | |
| MT4/5 supported | |
| No minimum deposit requirement | |
| Live chat |
xChief offers 4 types of trading accounts: CENT account, Classic+ account, DirectFX account, and xPRIME account. Demo accounts are also available for traders.
| Account Type | Account Curency | Minimum Deposit | No-Deposit Bonus $100 | Welcome Bonus $500 |
| CENT | USD, EUR | 0 | ❌ | ❌ |
| Classic+ | USD, EUR, GBP | $10 (or equivalent) | ✔ | ✔ |
| DirectFX | USD, EUR, GBP | $50 (or equivalent) | ✔ | ✔ |
| xPRIME | USD, EUR, GBP, CHF, JPY | $2000 (or equivalent) | ❌ | ✔ |
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 Type | Max Leverage | Spreads | Commissions |
| CENT | 1:500 | From 0.9 pips | ❌ |
| Classic+ | 1:1000 | From 0.6 pips | ❌ |
| DirectFX | 1:1000 | From 0.3 pips | $/€/£2.5 |
| xPRIME | 1:1000 | From 0 pips | $/€/£/₣3/¥500 |
| Trading Platform | Available Devices | Suitable for |
| MetaTrader5 | Desktop, iOS, Android, MacOS, Web | Beginners |
| MetaTrader4 | Desktop, iOS, Android, MacOS, Web | Skilled and professional traders |
| xChief Mobile App | Mobile | All types of traders |
TxChief supports different kinds of deposit and withdrawal methods. Take the UK for example.
| Deposit Methods | Fees | Time | Currency |
| SWIFT | 0% | Up to 5 days | EUR, GBP |
| Crypto | 0% | Up to 8 hours | BTC, ETH, LTC, XRP, USDT, USDC |
| Perfect Money | 1.99% | Instantly | USD, EUR |
| Withdrawal M ethods | Fees | Time | Currency |
| SWIFT | 1%, min.€50/£50 | Up to 5 business days | EUR, GBP |
| SEPA | €25 | Up to 3 business days | EUR |
| Debit/Credit Card | 2%, min.$5/€5 | Up to 7 business days | USD, EUR |
| Crypto | 0% | 1 business day | BTC, ETH, LTC, XRP, USDT, USDC |
| Perfect Money | 0.5% | 1 business day | USD, EUR |
xChief provides customer services to its clients, and it has unique contact options in the headquarter as well as representative offices.
| Vanuatu Contact Info | |
| Phone | +65 31593652 |
| info@xchief.com | |
| marketing@xchief.com | |
| partnership@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | 1st Floor, CNM Building, Port Vila, Vanuatu |
| Singapore Contact Info | |
| Phone | +65 31593652 |
| asia@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526 |
| Nigeria Contact Info | |
| Contact Options | Details |
| Phone | +234 9030795364 |
| nigeria@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | Suite 319 Rock of Ages Mall Jabi, Abuja, Nigeria |
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.
xChief offers over 150 trading instruments, MT4/MT5 platforms, flexible account types, high leverage, fast withdrawals, and transparent offshore regulation.
xChief—officially known as ForexChief Ltd.—has been gaining traction among forex and CFD traders since its launch in 2014. The broker markets itself as a technology-driven platform that offers tight spreads, high leverage, and fast trade execution. But with so many trading platforms available today, many are asking: Can you really make money by investing in xChief? And perhaps more importantly, is xChief legit and safe to use?
Explore our 2025 review of xChief, a Comoros-based forex and CFD broker. Assess its regulation, trading environment, user feedback, and risks to determine if it’s a reliable choice for traders.
xChief (formerly known as Forex Chief) is a forex broker located in Mwali, regulated by Reg.number HY00923433 the Mwali International Services Authority (MISA). xChief, It was founded in 2014.
Forexcheif broker wishes to inform traders that trading schedule alterations will be implemented on November 23-24, 2023, in observance of the Thanksgiving holiday in the United States. The broker is therefore requesting their users to kindly take this information into account while conducting your transactions.
Bank of Japan Governor Haruhiko Kuroda won’t change his ultra-low interest rate policy in the coming quarters, even though he’ll come under political pressure to do so over the weak yen, according to one of the country’s former chief currency officials.
xChief has no minimum deposit requirement for the CENT account. For other account types like Classic+, DirectFX, and xPRIME, the minimum deposit is $10, $50, and $2000, respectively.
Crypto withdrawals take 1 business day, while SWIFT, SEPA, and debit/credit card withdrawals may take up to 5 business days, depending on the method.
xChief offers demo accounts for all account types, allowing traders to practice and familiarize themselves with the platform before using real funds.
xChief has been reported to have issues with slippage. Additionally, it is offshore regulated, which may raise concerns for traders looking for higher levels of regulatory protection.
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FX6182938342
Iran
He did not process my withdrawal, he said my trade was a hedge, but my trade was not a hedge.
Exposure
kingfacegh
Iran
No one is more dishonest than X-Chief. Unbeknownst to me, X-Chief placed an order on Wednesday in the worst possible place, against the market trend, causing all my assets to be wiped out. If you value your capital, stay away from this dishonest broker.👎
Exposure
FX2293563965
Iraq
I cannot withdraw profits from this clearly fraudulent broker.
Exposure
Isa-Dike
Philippines
xChief has very tight spread, and this is why I really use them. I save money by doing this.
Positive
ishool
Philippines
I think this is one of the most trusthworthy and consistent forex broker I have traded with.
Positive
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
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
FX2119292289
Argentina
It works perfectly, everything is great, I made a lot of money
Positive
AlfredoRomero
Argentina
I have been welcomed with a welcome bonus. It is a broker with stability and overall good spreads to operate. We are doing very well
Positive
FX1772246477
Germany
Whether you’re just starting or have some experience, xChief is a solid pick. Setting up an account was simple, and they’ve got great educational content that actually makes sense. Leverage options are flexible, and depositing or withdrawing money is hassle-free. The platform stays stable, even when markets get wild. Plus, they offer a $100 no deposit bonus, which is perfect if you want to try out the platform risk-free. On top of that, their welcome bonus goes up to $500, giving you a nice boost to kickstart your trading. And their IB program? It’s fantastic if you want to bring your friends and earn a bit extra on the side.
Positive
FX3289313077
India
The deposits to this broker is very fast . And withdrawals take little time but smooth . I would recommend their no deposit bonus option to try trading on the platform you will not disappointed.
Positive
FX1444907352
Germany
Xchief is a great choice for traders seeking competitive spreads and a user-friendly UI. While there's room for improvement in payment options and platform stability, the broker's customer support and trading conditions make it a worthwhile consideration. I'm XChief is suitable for both beginners and experienced traders looking for reliable trading conditions. I have been using xChief for 3 months and I recommend
Positive
biocipher
Indonesia
I made a small deposit to try out the platform. So far everything works fine, trades go through without issues, and my withdrawal was processed in a reasonable time. Support has replied when I had questions. Overall, it feels like a solid start.
Positive
Ahmad122713
Nigeria
Trading with tgis broker, i noticed that the spread was significantly lower than my previous brokers. Plus the withdrawal is also super fast. I recommend.
Positive
celal erimez
Turkey
I recommend xChief to all investors in Türkiye because it offers the opportunity to try without depositing money with a $ 100 No Investment bonus. It is a really successful broker. I am satisfied, thank you.😎
Positive
FX1239771817
Philippines
I recommend XChief to all Filipino out there XChief is easy to use also trusted broker They has the best NDB bonus for the new traders
Positive
FX3289313077
India
i was recently recommended to try xChief and to my surprise few issues i had regarding no deposit bonus and some other questions was solved promptly by support team . Really looking forward to using more of its features
Positive
Imran04
France
I like the fact tha crypto t withdrawal is very fast, usually within 30mins during business hours. 😎
Positive
MohammedWahid
Egypt
I have been trading with the company for over a year and have not encountered any problems. The withdrawal and deposit process was fast and the technical support was good.
Positive
celal erimez
Turkey
Thank you xChief for your perfect service! Fast deposit! the fastest withdrawal ! I've withdrawn as a deposit and profit. I have never contacted client support, as wasn't necessary. Thank you xChief for your perfect service!
Positive
FX4260336797
Brazil
Guys I am satisfied with the services of this company. They give good trading conditions and I have no problems with withdrawal of money.
Positive