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xChief -

Score

2.35 /10
Danger

xChief

Comoros

5-10 years

Suspicious Regulatory License

MT4 Full License

High potential risk

https://www.xchief.com

Benchmark

D

Influence

B

Add brokers

Comparison

Quantity 8

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.60

Risk Management Index0.00

Software Index9.10

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

xChief Ltd

Company Abbreviation

xChief

Platform registered country and region

Comoros

Company website

X

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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2025-05-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

xChief · Benchmark
Average transaction speed(ms)
1016 Poor
The highest transaction speed(ms)
672 Poor
The highest speed of opening positions(ms)
703 Poor
The highest speed of closing position(ms)
672 Poor
The lowest speed of opening positions(ms)
1609 Good
The lowest speed of closing position(ms)
1594
Ranking： 124 / 128
Test user 414
Transactions 2,876
Ocuppied margin $2,692,948 USD
Data Source WikiFX Data provide
Updated: 2025-05-14 01:05:00

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Welcome Bonus

I cannot withdraw profits from this clearly fraudulent broker.

2024-12-04 03:59
Unable to Withdraw

Didn't do my impression.

He did not process my withdrawal, he said my trade was a hedge, but my trade was not a hedge.

2025-05-04 21:01
Severe Slippage

High slippage.

A client has reported that this broker charge high slippage on orders which is expected to bring profits for the clients.

2021-08-09 16:38
Scam

Scam,scam,scam,scam

No one is more dishonest than X-Chief. Unbeknownst to me, X-Chief placed an order on Wednesday in the worst possible place, against the market trend, causing all my assets to be wiped out. If you value your capital, stay away from this dishonest broker.👎

2025-01-06 20:30
Unable to Withdraw

Withdrawal failure.

A client has his account blocked after he requested withdrawal of a petty amount.

2021-07-30 16:54
Scam

The money in my account has been reset

I had 415 USD in my account, suddenly my account was reset. It is not reliable, do not deposit money.

2023-09-21 12:06
Others

Slow withdrawal process

The withdrawal process is slow and the balance is becoming less. The fund hasn’t been credited to my account, albeit successful process.

2020-08-17 14:05
Unable to Withdraw

Unable to withdraw funds

After I used a bonus without deposit, which is a unable-to-withdraw bonus, my profits increased by more than $256. The next day, the account returned to $100. I contacted to them, but they denied it. I demanded my profits which fulfilled the condition of this bonus, and I did not get benefit from anything.

2023-08-25 16:27
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-05-15
    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

    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?

    NewsChanges to the trading schedule on November 23-24, 2023

    Forexcheif broker wishes to inform traders that trading schedule alterations will be implemented on November 23-24, 2023, in observance of the Thanksgiving holiday in the United States. The broker is therefore requesting their users to kindly take this information into account while conducting your transactions.

    WikiFX
    2023-11-27 14:10
    Changes to the trading schedule on November 23-24, 2023

    NewsWikiFX report: Ex-Japan Forex Chief Sees Kuroda Standing Firm Despite Weak Yen

    Bank of Japan Governor Haruhiko Kuroda won’t change his ultra-low interest rate policy in the coming quarters, even though he’ll come under political pressure to do so over the weak yen, according to one of the country’s former chief currency officials.

    WikiFX
    2022-04-19 15:51
    WikiFX report: Ex-Japan Forex Chief Sees Kuroda Standing Firm Despite Weak Yen

    News30+ Reasons to Choose ForexChief

    ForexChief have been providing services for 7 years! ForexChief started its activity in 2014 and is a well-known brand now.

    WikiFX
    2021-12-15 18:31
    30+ Reasons to Choose ForexChief
    About More

    User Reviews

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    User comment

    41

    Comments

    Write a review

    FX1444907352
    0-3months
    Xchief is a great choice for traders seeking competitive spreads and a user-friendly UI. While there's room for improvement in payment options and platform stability, the broker's customer support and trading conditions make it a worthwhile consideration. I'm XChief is suitable for both beginners and experienced traders looking for reliable trading conditions. I have been using xChief for 3 months and I recommend
    Xchief is a great choice for traders seeking competitive spreads and a user-friendly UI. While there's room for improvement in payment options and platform stability, the broker's customer support and trading conditions make it a worthwhile consideration. I'm XChief is suitable for both beginners and experienced traders looking for reliable trading conditions. I have been using xChief for 3 months and I recommend
    Translate to English
    2025-05-12 23:05
    Reply
    0
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    FX6182938342
    0-3months
    He did not process my withdrawal, he said my trade was a hedge, but my trade was not a hedge.
    He did not process my withdrawal, he said my trade was a hedge, but my trade was not a hedge.
    Translate to English
    2025-05-04 21:01
    Reply
    0
    0
    8