Score

5.94 /10
Average

xChief

Comoros

5-10 years

Regulated in Comoros

Retail Forex License

MT4 Full License

Regional Brokers

Suspicious Overrun

High potential risk

Offshore Regulated

B

Add brokers

Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index5.87

Business Index7.70

Risk Management Index0.00

Software Index9.17

License Index5.95

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ES CNMV
2019-04-29

Broker Information

More

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2025-11-23
  • WikiFX has received a total of 8 user complaints against this broker, please be aware of the risks and do not be scammed!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 54829)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
    Sources
    xChief · Company summary
    xChiefReview Summary
    Founded2014
    Registered Country/RegionComoros
    RegulationMISA (Offshore)
    Market InstrumentsForex, Metals, Commodities, Indexes, Stocks, Cryptos
    Demo Account
    LeverageUp to 1:1000
    SpreadFrom 0 pips
    Trading PlatformMT4, MT5, xChief App
    Min Deposit0
    Customer SupportLive chat, phone, email

    xChief Information

    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's homepage

    Is xChief Legit?

    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.

    Offshore regulated by MISA

    Pros & Cons

    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.

    ProsCons
    Various trading instrumentsWithdrawal issues and slippage
    Tight spreadsOffshore regulated
    Demo accounts
    MT4/5 supported
    No minimum deposit requirement
    Live chat

    Accounts

    xChief offers 4 types of trading accounts: CENT account, Classic+ account, DirectFX account, and xPRIME account. Demo accounts are also available for traders.

    Account TypeAccount CurencyMinimum DepositNo-Deposit Bonus $100Welcome Bonus $500
    CENTUSD, EUR0
    Classic+USD, EUR, GBP$10 (or equivalent)
    DirectFXUSD, EUR, GBP$50 (or equivalent)
    xPRIMEUSD, EUR, GBP, CHF, JPY$2000 (or equivalent)

    Leverage/Spreads & Commissions

    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 TypeMax LeverageSpreadsCommissions
    CENT1:500From 0.9 pips
    Classic+1:1000From 0.6 pips
    DirectFX1:1000From 0.3 pips$/€/£2.5
    xPRIME1:1000From 0 pips$/€/£/₣3/¥500

    Trading Platforms

    Trading PlatformAvailable Devices Suitable for
    MetaTrader5Desktop, iOS, Android, MacOS, WebBeginners
    MetaTrader4Desktop, iOS, Android, MacOS, WebSkilled and professional traders
    xChief Mobile AppMobileAll types of traders
    Trading Platforms

    Deposits & Withdrawals

    TxChief supports different kinds of deposit and withdrawal methods. Take the UK for example.

    Deposit MethodsFeesTimeCurrency
    SWIFT0%Up to 5 daysEUR, GBP
    Crypto0%Up to 8 hoursBTC, ETH, LTC, XRP, USDT, USDC
    Perfect Money1.99%InstantlyUSD, EUR
    Withdrawal M ethodsFeesTimeCurrency
    SWIFT1%, min.€50/£50Up to 5 business daysEUR, GBP
    SEPA€25Up to 3 business daysEUR
    Debit/Credit Card2%, min.$5/€5Up to 7 business daysUSD, EUR
    Crypto0%1 business dayBTC, ETH, LTC, XRP, USDT, USDC
    Perfect Money0.5%1 business dayUSD, EUR

    Customer Service

    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
    Email 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
    Email 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
    Email nigeria@xchief.com
    Support Ticket System
    Online Chat 24/7
    Website Language English
    Company Address Suite 319 Rock of Ages Mall Jabi, Abuja, Nigeria

    FAQs

    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.

    News

    News5 Reasons Why Some Traders Choose XChief

    xChief offers over 150 trading instruments, MT4/MT5 platforms, flexible account types, high leverage, fast withdrawals, and transparent offshore regulation.

    WikiFX
    2025-07-17 17:53
    5 Reasons Why Some Traders Choose XChief

    NewsCan You Make Money by Investing in xChief?

    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?

    WikiFX
    2025-06-04 17:22
    Can You Make Money by Investing in xChief?

    ExposurexChief Broker Review 2025: Trustworthy or Risky?

    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.

    WikiFX
    2025-05-31 11:53
    xChief Broker Review 2025: Trustworthy or Risky?

    News WikiFX Broker Assessment Series | Is xChief Legit or a scam?

    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.

    WikiFX
    2024-03-18 19:09
     WikiFX Broker Assessment Series | Is xChief Legit or a scam?

    User Reviews

    More

    User comment

    50

    Comments

    Write a review

    joyboys77
    more than one year
    Saya belum daftar di broker ini, cuma lagi cari tahu dulu sebelum coba. xChief termasuk broker yang udah lumayan lama, sekitar 5–10 tahun beroperasi. Platform-nya pakai MT4/MT5 dan katanya bisa trading emas, forex, sama crypto, bahkan ada pilihan bebas swap juga. Tapi karena regulasinya dari Komoro (lepas pantai), keamanan dan perlindungannya perlu diperhatikan. Jadi menurut saya, masih lebih aman kalau mulai dari akun demo dulu, sambil lihat review pengguna lain soal proses trading dan penarikan dananya. Belum bisa dibilang bagus atau buruk, tapi kelihatannya menarik buat dicoba asal tetap waspada dan jangan langsung deposit besar.
    Saya belum daftar di broker ini, cuma lagi cari tahu dulu sebelum coba. xChief termasuk broker yang udah lumayan lama, sekitar 5–10 tahun beroperasi. Platform-nya pakai MT4/MT5 dan katanya bisa trading emas, forex, sama crypto, bahkan ada pilihan bebas swap juga. Tapi karena regulasinya dari Komoro (lepas pantai), keamanan dan perlindungannya perlu diperhatikan. Jadi menurut saya, masih lebih aman kalau mulai dari akun demo dulu, sambil lihat review pengguna lain soal proses trading dan penarikan dananya. Belum bisa dibilang bagus atau buruk, tapi kelihatannya menarik buat dicoba asal tetap waspada dan jangan langsung deposit besar.
    Translate to English
    2025-11-12 18:50
    Reply
    0
    0
    Isa-Dike
    more than one year
    xChief has very tight spread, and this is why I really use them. I save money by doing this.
    xChief has very tight spread, and this is why I really use them. I save money by doing this.
    Translate to English
    2025-07-09 00:34
    Reply
    0
    0
    8