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.

Regulation

xChief operates under xChief Ltd with a registration number HY00923433 and holds a License from Mwali International Services Authority as an International Brokerage and Clearing House (License number: T2023379). This regulatory oversight provides a layer of security and trust for traders.

Instruments

xChief.com offers over 35 forex currency pairs, commodities, gold, silver, oil, and CFDs on indices, stocks, and cryptocurrencies (bitcoin, etc.), for your personal investment and trading options.

Trading Platforms

xChief offers MetaTrader 4/5, the most popular trading platform for forex trading. Separately, institutional clients who offer broker services should note the STP-gate integrated into MetaTrader 4/5 that can connect liquidity through a regular trading account on the MetaTrader 4/5 platform with minimum labor input.

The broker offers the xChief Mobile App. It is designed for your convenience, encompassing all essential functions you're accustomed to, such as deposit and withdrawal, account opening, helpdesk support, identity verification, bonuses and trading credits, souvenirs, and more.

Account Types

The xChief account types include CENT accounts, Classic Accounts, Direct FX, and Xprime. Swap-free service is particularly designed for traders, the religious beliefs of whom do not allow the usage of the interest rates of world currencies in their trading. Accounts with swap-free service are also called Islamic accounts.

Deposit and Withdrawal

The broker provides Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, Litecoin, Local Bank Transfers, PerfectMoney, Ripple (XRP), Tether (USDT), USD Coin (USDC)

WiKiFX Review

When we searched for xChief on WiKiFX. We found that It is a regulated broker with a decent score of 6.79 out of 10. Therefore, it is a safe broker you can go for this broker.

Conclusion

It seems that xchief.com is legit and safe to use and not a scam website.

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