Available Assets
Fees & Commission
Trading Platform
Tools and Features
Licensing & Regulation
Educational Materials
Account Types
Customer Support
Deposits & Withdrawals
A TopBrokers360 Forexchief Review for 2026
xChief, formerly known as ForexChief, has been providing Forex and CFD trading since 2014. Headquartered in Singapore and regulated by VFSC and ASIC, the broker serves traders in over 223 countries worldwide. It offers competitive trading conditions, multiple account types, and a wide range of trading instruments.
With platforms including MT4, MT5, and mobile apps, xChief ensures traders have access to advanced trading tools, low spreads starting at 0 pips, and minimum deposits from $10. Their customer support operates 24/5 in 16 languages, with multiple contact options including messengers and live chat.
xChief also emphasizes client fund protection, server stability, and educational resources through a Library section covering trading strategies, indicators, and market analysis.
➟ Check out our Extensive Trading Guides to Improve your Trading Strategies.
Pros and Cons
Pros:
- Low minimum deposit requirement of $10 across all account types
- Beneficial trading terms, low trade volume from 0.01 lots, and tight spreads from 0 pips
- Multiple payment methods without fees from the broker
- Efficient 24/5 customer support via email, chat, and messengers
- Comprehensive trading library including sessions, indicators, and strategie
Cons:
- Non-compliance with ESMA leverage capping
- Compensation levels unclear in certain situations
Trading Platforms
xChief offers industry-standard platforms MetaTrader 4 and MetaTrader 5 for desktop and mobile. Both platforms support advanced charting, technical indicators, automated trading via EAs, and hedging options. Mobile apps provide full access to all account features, including Forex, Metals, Commodities, Indices, Stocks, and Crypto trading.
Image Source: xChief Homepage
Key Features
- MT4: 9 timeframes, 50+ indicators, Expert Advisors, live news
- MT5: 21 timeframes, 80+ indicators, copy trading, one-click trading
- xChief Mobile App: Trade on the go with multiple deposit/withdrawal methods
- Market and ECN/STP execution
- Floating spreads from 0 pips
- Swap-free accounts
- Trailing stop and scalping allowed
- Multi-currency base accounts (USD, EUR, GBP, JPY, CHF, RUB)
Instruments
xChief provides trading across multiple asset classes, catering to Forex, CFDs, Commodities, Metals, Indices, Stocks, and Cryptocurrencies. The broker offers a total of 100+ tradable instruments with varying leverage depending on the asset type.
CFD Instruments:
- Forex: 17 pairs, leverage up to 1:1000
- Metals: Gold, Silver, leverage 1:500
- Commodities: Oil, Gas, leverage 1:50
- Indices: 10 indices, standard leverage
- Cryptocurrencies: 6 coins, leverage 1:5
- Stocks: 100 equities, leverage 1:2
Trading Accounts
xChief provides various account types: MT4.DirectFX, MT4.Classic+, pamm-MT4 accounts, cent accounts, and equivalent MT5 accounts. Minimum deposits start from $10, spreads from 0–0.3 pips, and account options include hedging, swap-free Islamic accounts, and PAMM.
Compliance with Regulatory Standards
xChief is licensed by the Vanuatu Financial Services Commission (VFSC) as a Dealer in Securities and regulated by ASIC. While the broker is compliant with these standards, it is not under a European tier-one regulator, so ESMA leverage rules are not applicable. The broker segregates client funds to ensure security.
Payment Methods
xChief supports multiple deposit and withdrawal methods including Bank Transfers, Credit/Debit Cards, Cryptocurrencies, Skrill, NETELLER, Advanced Cash, FasaPay, WebMoney, and Perfect Money. Minimum deposits start at $10. Withdrawal times vary from instant to 7 business days depending on the method, and fees are minimal.
Support
- xChief offers multilingual customer support (16 languages) via email, live chat, and popular messaging apps. Support is available 24/5.
- Email: [email protected]
- Telephone: +65 31592107
Trade globally with low deposits, tight spreads, and advanced platforms.
Image Source: xChief Homepage
Conclusion
xChief (ex. ForexChief) is a versatile Forex and CFD broker offering competitive trading conditions, multiple account types, and a wide range of tradable instruments. Its platforms (MT4, MT5, and mobile apps) are robust and feature-rich, catering to both beginner and advanced traders.
While the broker is regulated by ASIC and VFSC, it does not fall under a European tier-one regulator, and ESMA leverage limits do not apply. This means high leverage options are available but come with higher risk. Customer fund segregation practices enhance security, and the multilingual support team provides reliable assistance 24/5.
Overall, xChief is suitable for traders looking for flexible trading conditions, low deposits, and multiple platform options, but cautious traders or those seeking EU regulatory compliance should consider the leverage and compensation limitations.
Frequently Asked Questions
1. Is xChief a scam?
No, xChief is a regulated broker licensed by VFSC and ASIC. It has operated since 2014 and provides client fund protection.
2. How do I open a xChief trading account?
You can open an account online by visiting xChief’s website, selecting your account type (MT4 or MT5), and completing the registration and verification process.
3. What is the minimum deposit on xChief?
The minimum deposit is $10 (or equivalent in other currencies), depending on the account type.
4. What platforms does xChief offer?
xChief offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and mobile apps for iOS and Android devices.
5. Does xChief offer swap-free accounts?
Yes, xChief offers swap-free accounts for traders who follow Islamic finance principles.
6. Which countries are restricted from trading with xChief?
Traders from the United States and Canada are restricted. Traders from most other countries, including Australia, UK, and South Africa, are accepted.
7. How long do withdrawals take?
Withdrawal times vary by method: bank transfers take 2–7 business days, credit/debit cards 2–7 days, and cryptocurrencies or e-wallets usually 1 day.
8. Does xChief support cryptocurrencies?
Yes, xChief offers trading in cryptocurrencies including BTC, ETH, LTC, BCH, DOGE, USDT, USDC, and DAI.
9. Can I use automated trading on xChief?
Yes, automated trading is available via MT4 and MT5 Expert Advisors (EAs) and MQL scripts.
10. What languages does xChief customer support speak?
Support is available in 16 languages, including English, Russian, Chinese, Indonesian, and Malay, through multiple channels such as email, live chat, and messengers.