Forex Chief was established in 2014. It is an off-shore broker, which has its licence by the VFSC. Among the various types of accounts, there are MT4.DirectFX, MT4.Classic+, Cent-MT4.DirectFX and Cent- MT4.Classic+. Each of the accounts starts at the minimum deposit of $1 and offers maximum leverage of 1:400. The minimum trading size is 0.01 while the spread varies for different accounts.
Forex Chief has its office in Singapore and Moscow. The trading platform is MT4, which is most popular among others. It is worth noting that the minimum deposit amount for starting an account is very low and hence less chance of a huge loss. However, since this offshore broker has a loose regulation, it is not 100% reliable. Also, there is an absence of indices and CFDs.
If any investor faces issues with this broker, he can simply file a complaint against the company via Funds Recovery.
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