Company Profile
Note: ChamberFX's official website: https://chamberfx.com is currently inaccessible normally.
| ChamberFXReview Summary | |
| Founded | / |
| Registered Country/Region | Australia |
| Regulation | Unregulated |
| Market Instruments | Forex, commodities, indices, stocks |
| Demo Account | / |
| Leverage | Up to 1:500 |
| EUR/USD Spread | 2.4 pips |
| Trading Platform | WebTrader |
| Min Deposit | $250 |
| Customer Support | / |
ChamberFX is an unregulated Australian forex brokerage, operated by CHAMBER (HOLDINGS) PTY LTD. It offers trading in forex, commodities, indices, and stocks with leverage up to 1:500 and spread floating around 2.4 pips via a WebTrader. The minimum deposit requirement to open a live account is $250.
Pros and Cons
| Pros | Cons |
| Diverse trading assets | Inaccessible website |
| Unregulated status | |
| Wide spreads | |
| Does not support mainstream trading platforms | |
| High minimum deposit | |
| Limited payment options | |
| No contact channel |
Is ChamberFX Legit?
No, ChamberFX is not regulated, so traders should carefully consider the risks it brings when choosing to trade with it.
What Can I Trade on ChamberFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
ChamberFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.
Spread
ChamberFX does not clarify about its spreads, but ChamberFXs platform gave us a EUR/USD spread of 2.4 pips – a value that is almost twice higher than the average in the sector.
Trading Platform
ChamberFX says to support the legendary MetaTrader4, but after signing up with them, we got hold of a web-based trading terminal that doesnt even feature the name or the logo of the broker.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| WebTrader | ✔ | Web | / |
Deposit and Withdrawal
ChamberFX does not provide specific information on whether it charges fees for deposits or withdrawals, and its minimum deposit requirement is $250.
Customers can only deposit funds through iPay. Additionally, users can only withdraw funds via bank transfer, but there is a significant issue with this process. Even if only the amount is entered, it shows a successful withdrawal.
