Risk Management Index
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaVanuatu
Regulatory License No.：14777
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Most visited countries/areas
The data are from WIKI Research 2021.04.22 updated
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Basic Information & Regulators
ForexCheif Ltd. is a licensed broker by the Vanuatu Financial Services Commission, applying the STP/NDD execution model, with the aim of creating a unique platform for its clients to trade online.
Safety Analysis of Forex Chief
ForexCheif is currently only regulated offshore by the Vanuatu VFSC. Please note that offshore regulators do not strictly regulate forex trading activities, which means that the safety of ForexCheif clients' funds may not be effectively protected. Investors should use ForexCheif, a forex trading platform, with caution.
Market Instruments of Forex Chief
ForexCheif provides investors with trading products in popular financial markets, mainly Forex major currency pairs, minor currency pairs, exotic currency pairs, spot metals, commodities, stock indices, and cryptocurrencies.
Accounts & Leverage of Forex Chief
ForexCheif's MT4 & MT5 trading platforms have four different types of accounts, respectively. MT4 trading platform account types are mainly MT4 Direct FX, MT4 Classic+, Cent-MT4 Direct FX, and Cent -Classic+). The minimum deposit is $50 or the currency equivalent, and the trading leverage is up to 1:1000. MT5 trading platform account types are mainly MT5.DirectFX, MT5.Classic+, Cent-MT5.DirectFX and Cent-MT5. MT5 Classic+ account (Cent- MT4.Classic+). The minimum deposit for the accounts is $50, and the trading leverage is up to 1:400.
Spreads of Forex Chief
The minimum spread for MT4.DirectFX accounts is 0 pips for EURUSD, 0 pips for GoldUSD and SilverUSD, 1.4 pips for UK Crude Oil, and 1.2 pips for US Crude Oil, with a commission of 15 USD per million USD ($15 per 1 mln. USD). MT4 Classic+ accounts have a minimum spread of 0 pips for EURUSD, 9 pips for XAUUSD, and 2 pips for USD Silver with no trading commissions.
Trading Platform Available of Forex Chief
ForexCheif offers traders the market-leading and widely acclaimed MT4, MT4 iPhone & Android & iPad versions, as well as MT5, MT5 iPhone & Android & iPad versions to meet a wide range of trader needs.
Deposit and Withdrawal of Forex Chief
ForexCheif supports a variety of convenient deposit and withdrawal methods, mainly bank transfer SWIFT, bank transfer SEPA, local bank transfer, credit/debit card, China UnionPay, Skrill, NETELLER, WebMoney (0.8% fee for a deposit up to $50/euro), FasaPay, Perfect Money (1.99% fee for deposits). Users withdrawing via credit/debit card need to pay 2%. Withdrawing via Skrill is subject to a 1% commission.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.