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Review XChief

Ly Duc Duy by Ly Duc Duy
June 14, 2024
in Review Brokers
0
XChief
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XChief Ltd (Registration number: HY00923433, License number: T2023379, Registered office: 1257 Bonovo Road, Fomboni, Comoros) is licensed by the Mwali International Services Authority as International Brokerage and Clearing House pursuant to International Companies Act 2006. The basic concept of the project is creation of a unique platform for online trading in currency contracts and precious metals on conditions of margin trading. The foundation of the project’s technological infrastructure is built on the STP/NDD model, avoiding not only a conflict of interest between the company and the client, but also, in general, increasing service quality by means of narrow spreads and high speed trading order execution.

As the basic platform, 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 company pays special attention to the technical stability of the trading servers and software that is provided to the client for trading operations. The technologies developed for liquidity aggregation, as well as their system, administration are based on cluster solutions. This means that a high level of reliability under abnormal loads can be maintained (especially where there is a large number of client orders coming to the trading server when economic news has been published).

The line of xChief account types includes CENT accounts, whose balance exceeds that of standard accounts a hundredfold. This way, for instance, if a trader refills a cent account with USD 100, and that transfer is successfully completed, the amount of 10,000 (i.e., a hundered times more) will be credited to the account, since USD cents is the account currency in this case. “Cent” accounts are an indispensable tool, both for beginners, whose experience does not allow them to invest significant capital, and for professionals, whose goals are fine tuning and testing trading robots in real market conditions. Also, this type of account provides an opportunity to test the platform comprehensively without risking a large deposit.

Broker Logo

Xchieflogo
BrokerInformation

Broker Type

STP/NDD

Company

XChief Ltd.

Foundation

2014

Country

Vanuatu

Regulation

Registration number: HY00923433
License number: T2023379
License type: International Brokerage and Clearing House License

The Jurisdictions

Please be aware that xChief Ltd does not provide services in certain regions, and the information on
this website is not intended to be distributed or used by any person in any country or jurisdiction where
such distribution or use would be contrary to applicable law or regulation.

Live Chat

Yes

Email

Vanuatu:
– General questions: info@xchief.com
– Marketing department: marketing@xchief.com
– Partnership: partnership@xchief.com

Singapore: asia@xchief.com

Nigeria: nigeria@xchief.com

Call

Vanuatu and Singapore: +65 31593652

Nigeria: +234 9030795364
AccountInformation

Free Demo Accounts

Yes

Minimum Initial Deposit

$100

Multi-Currency Account

USD, EUR, GBP, CHF, JPY

Spreads

Floating From 0.0 Pips

Stop Out

30%

Introducing Brokers Program

Yes

Copy Trading/PAMM

Yes

Swap Free

Yes (Islamic)

Promotions

Yes

Trading Platforms

 MetaTrader 4, MetaTrader 5, XChief App

Scalping

Yes

Hedging

Yes

Expert Advisors

Yes

Account Funding Methods

Banking (Local Bank Transfer, Master/VisaCard, SWIFT, SEPA)
Electronic deposit and withdrawal options such as: Crypto (Tether, Bitcoin, Ethereum, Litecoin, etc.),
Perfect Money, etc.
View broker license & complaint data (free extension)
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Ly Duc Duy

Ly Duc Duy

Ly Duc Duy is a Senior Broker Review Specialist with deep expertise in forex broker evaluation, trading conditions analysis, execution quality assessment, and rebate optimization strategies. He provides in-depth broker reviews and cost-efficiency insights, helping traders select reliable brokers and optimize their trading expenses.

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