ForexChiefForex

ForexChief Ltd. (Registration No. 14777) is licensed as a Securities Dealer (Principal) by the Vanuatu Financial Services Department in accordance with the provisions of Chapter 4, Section 1.a, Chapter 70 of the Securities Dealers (Licensing) Act (Amendment) )license. The company aims to create an online trading platform based on margin trading for foreign exchange contracts and precious metals trading. The technical construction of this project is based on the STP/NDD model, which not only avoids conflicts of interest between the company and customers, but also improves the quality of our services as a whole by reducing spreads and executing trading orders at high speed.

As a basic platform, ForexChief offers MetaTrader4/5 - the most popular foreign exchange trading platform. In addition, institutional clients who provide market maker services should note that STP-gate in MetaTrader4/5 can connect liquidity through regular trading accounts on MetaTrader4/5 with very little manpower.

The company attaches special importance to providing customers with stable trading servers and software. The traffic synthesis technology and management system based on the cluster solution can maintain a high degree of stability under abnormal traffic conditions (especially when major economic news is released, and a large number of customer orders are sent to the trading server.)

ForexChief account types include "cent" accounts (cent-MT4.DirectFX, cent-MT4.Classic+, cent-MT5.DirectFX and cent-MT5.Classic+). The balance of the cent account is a hundred times that of the standard account. For example, when a trader successfully deposits $100 into a cent account, the deposit amount will appear as 10,000 (100 times) because the account currency here is "cents." Cent accounts are an inaccessible tool, novices do not have enough experience to take on huge investments, and professionals need to test and fine-tune trading strategies in real market conditions. Moreover, this type of cent account also provides users with the opportunity to fully test a trading company without making a large deposit.

It is worth noting that customer orders will only be transmitted to the counterparty when the customer order size reaches 1000 units of the base currency, equivalent to 0.01 lots in MT4.DirectFX, MT4.Classic+, MT5.DirectFX and MT5.Classic+ accounts. In other words, orders of less than 1000 units of the base currency are routed to ForexChief as a market maker (the "second party" in the transaction).