Do not trust
35 out of 100 · 93% checked
Our investigation found it is likely a scam, and its client terms carry high risk, with 8 critical clauses.
Capped at 35 · Likely scam
We checked xChief on 2026-10-30 across its company record, client terms, trading offer and service, and could verify 93% of its record. The score was held at 35 because our investigation found it is likely a scam. What would move the score: withdrawal rails, all-in eurusd cost, wikilix community. Our published investigation found it is likely a scam, with 10.1 years of track record. Its client terms carry high risk, with 8 critical clauses. Trading EURUSD costs about 1.1 pips all-in, spread and commission together.
Score last calculated 2026/10/30
Wikilix independent safety report
xChief is a likely scam risk at 70% in our assessment: Spain's CNMV lists its former domain as unauthorised, and accounts are held by a Comoros company. The CNMV put www.forexchief.com, xChief's doma…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about xChief: its history, the licences it holds, its trading conditions and its fees.
xChief is a forex and CFD broker operated by xChief Ltd, a company registered on the island of Moheli (Mwali) in the Comoros. Its copyright line dates the brand to 2014, and the site still uses the earlier ForexChief name in places, such as its careers email address and Telegram helpdesk bot. It offers four live account types on MetaTrader 4 and MetaTrader 5 and its own mobile app, with leverage advertised up to 1:1000. The only licence covering the company that holds client accounts is an offshore one from the Mwali International Services Authority (MISA), and WIKILIX's scam investigation rates xChief a likely scam.
xChief Ltd is the company clients open accounts with and the direct counterparty to every client trade. Its licence is T2023379 from the Mwali International Services Authority (MISA) of the autonomous island of Mwali (Moheli), Comoros, effective 10 October 2023, which the broker's site describes as an International Brokerage and Clearing licence. WIKILIX's licence check of 24 October 2026 lists the licence as active (offshore), with a caveat: the latest copy of MISA's own verification page, archived on 16 February 2025, showed an end date of 10 October 2025, and no renewal has been confirmed on MISA's own pages. The same check found xChief Ltd under registration number HY00923433, with its registered address on Bonovo Road, Fomboni, on that archived copy of MISA's licence register.
For South African residents, xChief ZA (Pty) Ltd, registration number 2024/459493/07 according to the broker, was on the register of the Financial Sector Conduct Authority (FSCA) on 24 October 2026 as financial services provider 54829. It holds a Category I authorisation, effective 25 September 2025, to act only as an intermediary, without advice, for derivative instruments. According to the broker, that company introduces clients to xChief Ltd, is not the market maker or product issuer and does not receive or hold client funds. A sister company, xChief Central Asia Ltd., runs a separate site, xchief.kz, for professional clients and market counterparties only, under licence AFSA-A-LA-2025-0012 from the Astana Financial Services Authority according to that site; that licence does not cover accounts opened through xchief.com.
Not by any authority that protects client deposits. The only licence covering xChief Ltd, the company that takes deposits and holds client accounts, is the offshore MISA licence, which comes with no compensation scheme for client money, and the FSCA authorisation belongs to the South African introducing company rather than to the company that holds the accounts. xChief's own FAQ nonetheless answers simply that the company is regulated.
WIKILIX's scam investigation, updated on 24 October 2026, rates xChief a likely scam, with a 70% scam risk and medium confidence. It rests chiefly on a warning by Spain's CNMV, which has listed the brand's former domain www.forexchief.com among unauthorised firms since 29 April 2019, and on the weak protection of the offshore licence that covers client accounts; it found no systematic pattern of refused withdrawals and no fraud finding by any regulator or court.
The broker's own documents leave several risks with the client. Its Risk Disclosure Notice keeps retail client money in segregated accounts with credit institutions but lets it be pooled with other clients' funds, says pooled funds may be exposed to the firm's obligations arising from other clients' positions, and leaves any loss from the failure of the bank holding the money with the client. The client agreement lets xChief cancel any transaction it considers contrary to its own or the client's interests, for any reason (clause 9.11), suspend or reject withdrawals in abnormal market conditions such as extreme volatility (clauses 19.1 and 19.2), and deduct any liability owed to it, including one arising from negative balance protection, directly from the client's accounts (clause 11.8), although its Order Execution Policy promises that losses will not exceed the account balance. The agreement is governed by Comoros law and gives the courts of the Comoros exclusive jurisdiction, and complaints that xChief does not resolve can be escalated to MISA rather than to an independent ombudsman.
The account types page lists four live accounts, all with market execution, hedging and a 0.01-lot minimum order:
The broker's FAQ quotes different minimum deposits for two of them, $1 for CENT and $2,000 for xPRIME. A swap-free option exists only on the MT5 versions of Classic+, DirectFX and xPRIME, for Muslim clients from a country list the broker does not publish; it covers only listed forex pairs, gold and silver, is withdrawn if positions are held open for more than 7 days, and can be disabled by xChief at any time with the full swap cost charged.
The accounts table charges commission only on DirectFX and xPRIME and states it for forex and metals only. The broker's FAQ describes the DirectFX commission differently, as $15 per million USD traded, charged for both sides when a position opens. The home page says DirectFX quotes carry no mark-ups and the FAQ calls xChief an A-book broker, while the Order Execution Policy says xChief may apply a mark-up on spreads on MetaTrader, the Risk Disclosure Notice says the firm may act as market maker, and the client agreement says xChief acts exclusively as principal.
The deposit page lists deposits at 0%, but clause 12.9 of the client agreement reserves the right to charge extra fees when money is deposited or withdrawn without trading. Under clause 12.7, an account inactive for what the clause calls 'six (3) consecutive months' can be charged a one-time USD 20 maintenance fee and then USD 20 a month, for each inactive account, with the fee taking whatever is left once the balance is below USD 20.
The account types page and FAQ advertise leverage of up to 1:1000 on Classic+, DirectFX and xPRIME and up to 1:500 on CENT, while clause 5.2 of the Risk Disclosure Notice puts the firm's maximum at 1:500. The FAQ says leverage changes with account equity, and clause 9.8 of the client agreement lets xChief change margin requirements, and so leverage, without prior notice.
xChief offers MetaTrader 4 and MetaTrader 5 for Windows and macOS, in the browser through WebTerminal, and on Android and iOS, alongside its own xChief mobile app on the App Store, Google Play and Huawei AppGallery, which covers account opening, verification, funding and the bonus offers. MT4 serves CENT, Classic+ and DirectFX; MT5 serves Classic+, DirectFX and xPRIME. Copy trading is available on Classic+, DirectFX and xPRIME from a $50 deposit, and PAMM investment accounts are run from the client area.
Funding options depend on the client's country. The deposit and withdrawal page lists cryptocurrency (BTC, ETH, LTC, XRP, USDT and USDC), SWIFT wires in USD, SEPA transfers in EUR and UK Faster Payments in GBP for deposits only, plus local payment channels for India, Indonesia, Malaysia, Nigeria and South Africa, and local withdrawals only for Iran and Vietnam. It shows no card or e-wallet option for any country, although the broker's FAQ still says cards and electronic payments are supported.
Crypto withdrawals show no fee and take one business day; SEPA withdrawals cost 1.95% (minimum €35) and take up to 3 business days, and SWIFT withdrawals 1.95% (minimum $50) and up to 5 business days. Local withdrawals in Malaysia, Nigeria, South Africa, Iran and Vietnam take up to 3 business days, at 1% in Nigeria and South Africa, while those for India and Indonesia show no fee or time. Identity verification is required for every deposit and withdrawal method, withdrawals return to the source of the deposit, and the client agreement treats the published times as estimates only.
The promotions restrict withdrawals. The $100 no-deposit bonus needs 30 lots of turnover within 30 days, after which at most $100 can be withdrawn and any remaining profit is deducted. While the welcome bonus (100% of a first deposit of at least $50, up to $500, on MT5 accounts) is active, the amount available for withdrawal excludes both the bonus and the qualifying deposit, and the bonus itself is released only after turnover of 50,000 times its USD value. The 30% deposit insurance programme, for DirectFX and xPRIME accounts funded with at least $2,000, credits 30% of a loss up to $10,000, but once its turnover is met only the payout can be withdrawn and all other funds except the client's own deposits are deducted.
Support runs through live chat (the International Helpdesk), a Telegram helpdesk bot, Facebook Messenger and email at info@xchief.com, with formal complaints going to compliance@xchief.com and a formal response promised within 14 calendar days. The broker advertises 24/7 online support, while its client agreement offers support during business hours, which it does not define, and accepts urgent out-of-hours messages only in English.
In xChief's favour:
Against it:
xChief pairs a broad MetaTrader account range, low entry deposits and high advertised leverage with an offshore structure: the company that holds client accounts is in the Comoros and its only licence comes from MISA. WIKILIX's scam investigation rates the broker a likely scam, and its legal documents place bank-failure losses, discretionary trade cancellations, bonus-related profit deductions and Comoros jurisdiction on the client. The client agreement, the Risk Disclosure Notice and the bonus terms are the documents to read before funding an account.
8 full-page captures of xChief's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for xChief. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for xChief. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
4 account types on record. Minimum deposit from USD 10. Leverage up to 1:1000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| CENTCent | Not recorded | 1:500 | No commission |
| Classic+Classic · Standard | USD 10 | 1:1000 | No commission on Forex and Metals |
| DirectFXECN | USD 50 | 1:1000 | $2.5 / €2.5 / £2.5 per lot per side (Forex and Metals) |
| xPRIMEPrime · VIP | USD 500 | 1:1000 | $3 / €3 / £3 per lot per side (Forex and Metals) |
Where xChief says it will and won't take clients
Likely blocked
Reported, not verified against a primary source
Explicitly accepted
Named as accepted — not a full list of served markets
11 ways to fund an account.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
CryptoCryptocurrencyDeposit and Withdrawal page, both tabs, read for every one of the 231 countries in its country selector on 2026-10-24. Coins: BTC, ETH, LTC, XRP, USDT, USDC; no blockchain networks are named. Deposit: 0%, up to 8 hours. Withdrawal: 0%, 1 business day. The stored time is the longer of the two. The 0% fees are left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. No minimum or maximum amount per method is published. Not shown for Australia, Congo (Brazzaville), Congo (Kinshasa), Curacao, Kurdistan or Vanuatu. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19); withdrawals may be suspended or rejected in a Specific Event, including extreme volatility (19.1(g), 19.2(f)). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 day |
Bank Transfer SWIFTWire TransferDeposit and Withdrawal page, both tabs, read for all 231 countries on 2026-10-24. Deposit: 0%, up to 3 days, USD. Withdrawal: shown as "1.95%, min $50" (a 1.95% fee with a USD 50 minimum), up to 5 business days, USD. The stored time is the withdrawal time, the longer of the two. The 0% deposit fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. No minimum or maximum amount is published. Not shown for Afghanistan, Australia, Belarus, Burundi, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Curacao, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kurdistan, Lebanon, Libya, Mali, Myanmar, Nicaragua, Palestine, Russia, Somalia, Sudan, Syria, Vanuatu, Venezuela, Western Sahara, Yemen or Zimbabwe. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19); withdrawals may be suspended or rejected in a Specific Event, including extreme volatility (19.1(g), 19.2(f)). | Not recorded | 1.95% | Not recorded | Not recordedNot recorded | Up to 5 days |
Bank Transfer SEPABank TransferDeposit and Withdrawal page, both tabs, read for all 231 countries on 2026-10-24. Deposit: 0%, 1 business day, EUR. Withdrawal: shown as "1.95%, min €35" (a 1.95% fee with a EUR 35 minimum), up to 3 business days, EUR. The stored time is the withdrawal time, the longer of the two. The 0% deposit fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. No minimum or maximum amount is published. Deposits not shown for Afghanistan, Australia, Belarus, Burundi, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Curacao, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kurdistan, Lebanon, Libya, Mali, Myanmar, Nicaragua, Palestine, Russia, Somalia, Sudan, Syria, Vanuatu, Venezuela, Western Sahara, Yemen or Zimbabwe; SEPA withdrawals are shown for Cuba, Guinea, Guinea-Bissau, Haiti and Iran although SEPA deposits are not. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19); withdrawals may be suspended or rejected in a Specific Event, including extreme volatility (19.1(g), 19.2(f)). | Not recorded | 1.95% | Not recorded | Not recordedNot recorded | Up to 3 days |
Bank Transfer FPSBank TransferDeposit only: the withdrawal tab lists no FPS method for any country, so no withdrawal figures are published for this route. Deposit: 0%, 1 business day, GBP. The 0% deposit fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. No minimum or maximum amount is published. Not shown for Afghanistan, Australia, Belarus, Burundi, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Curacao, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kurdistan, Lebanon, Libya, Mali, Myanmar, Palestine, Russia, Somalia, Sudan, Syria, Vanuatu, Venezuela, Western Sahara, Yemen or Zimbabwe. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 day |
India Local PaymentsOtherShown only when India is selected on the Deposit and Withdrawal page. Deposit (India Local Payments): 0%, up to 24 hours, INR. Withdrawal: listed as "India Local Transfer", INR, with no fee or processing time shown; its card links to the client area on my.forexchief.com. No provider, minimum or maximum is published. The 0% deposit fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 24 hours |
Indonesia Local PaymentsOtherShown only when Indonesia is selected on the Deposit and Withdrawal page. Deposit (Indonesia Local Payments): 0%, up to 24 hours, IDR. Withdrawal: listed as "Indonesia Local Transfer", IDR, with no fee or processing time shown; its card links to the client area on my.forexchief.com. No provider, minimum or maximum is published. The 0% deposit fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 24 hours |
Iran Local PaymentsOtherWithdrawal only: shown only when Iran is selected, on the withdrawal tab: 0%, up to 3 business days, IRR. No Iran local deposit method is listed; for Iran the deposit tab shows Crypto only. No provider, minimum or maximum is published. The 0% fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); published processing times are estimates only and are not guaranteed (11.10, 11.19); withdrawals may be suspended or rejected in a Specific Event, including extreme volatility (19.1(g), 19.2(f)). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 days |
Malaysia Local PaymentsOtherShown only when Malaysia is selected on the Deposit and Withdrawal page. Deposit: 0%, up to 4 hours, MYR. Withdrawal: 0%, up to 3 business days, MYR. The stored time is the withdrawal time, the longer of the two. No provider, minimum or maximum is published. The 0% fees are left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 days |
Nigeria Local PaymentsOtherShown only when Nigeria is selected on the Deposit and Withdrawal page. Deposit: 0%, instantly, NGN. Withdrawal: shown as "1%, min ₦65" (a 1% fee with a NGN 65 minimum), up to 3 business days, NGN. The stored time is the withdrawal time. No provider, minimum or maximum amount is published. The 0% deposit fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); funds are credited net of fees charged by financial institutions or intermediaries (11.11); published processing times are estimates only and are not guaranteed (11.10, 11.19). | Not recorded | 1% | Not recorded | Not recordedNot recorded | Up to 3 days |
ZA Local PaymentsOtherShown only when South Africa ("South African Republic" in the selector) is selected on the Deposit and Withdrawal page. Deposit: 0%, instantly, ZAR. Withdrawal: shown as "1%, min R45" (a 1% fee with a ZAR 45 minimum), up to 3 business days, ZAR. The stored time is the withdrawal time. No provider, minimum or maximum amount is published. The 0% deposit fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. South African Client Addendum (https://www.xchief.com/files/documents/South_African_Client_Addendum_xChief_Ltd.pdf): residents are responsible for exchange-control rules on offshore transfers, which must be made through an authorised dealer (7.1, 7.2); xChief ZA (Pty) Ltd does not receive or hold client funds, and deposits are paid to xChief Ltd or through a channel it specifies (8.1, 8.2). Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); deposits from third parties are returned (11.12); published processing times are estimates only and are not guaranteed (11.10, 11.19). | Not recorded | 1% | Not recorded | Not recordedNot recorded | Up to 3 days |
Vietnam Local PaymentsOtherWithdrawal only: shown only when Vietnam is selected, on the withdrawal tab: 0%, up to 3 business days, VND. No Vietnam local deposit method is listed. No provider, minimum or maximum is published. The 0% fee is left unrecorded because Client Agreement clause 12.9 reserves additional fees, with no rate, on deposits or withdrawals made without trading activity. Client Agreement (Version: March 2026, https://www.xchief.com/files/documents/Client_Agreement_xChief_Ltd.pdf): withdrawals are returned to the source the funds were deposited from, and a withdrawal by another method may be rejected (11.15, 11.16); published processing times are estimates only and are not guaranteed (11.10, 11.19). | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 days |
3 trading platforms on record: MetaTrader 4, MetaTrader 5 and Proprietary platform.
Windows and macOS downloads, WebTerminal, Android and iOS. Offered on CENT, Classic+ and DirectFX; the $100 No-Deposit Bonus is MT4 only, and swap-free cannot be activated on MT4 accounts.
Windows and macOS downloads, WebTerminal, Android and iOS (server xChief-MT5). Offered on Classic+, DirectFX and xPRIME; swap-free is available on MT5 accounts only.
xChief Mobile App, the broker's own app (App Store, Google Play, Huawei AppGallery and an APK): account opening, verification, deposits and withdrawals, transfers, bonuses, helpdesk, and trading in Forex, Metals, Commodities, Indices, Stock and Crypto.
7 domains on record. 6 active.
2 legal entities behind the xChief brand.
xChief names xChief Ltd as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what xChief offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about xChief
WIKILIX's scam investigation, updated on 24 October 2026, rates xChief a likely scam, with a 70% scam risk and medium confidence. It rests chiefly on a warning by Spain's CNMV, which has listed the brand's former domain www.forexchief.com among unauthorised firms since 29 April 2019, and on the weak protection of the offshore MISA licence that covers client accounts. It does not rest on proof that client money is being taken: the investigation found no systematic pattern of refused withdrawals and no fraud finding by any regulator or court.
Formal complaints go by email to compliance@xchief.com from your registered email address, and xChief commits to a formal response within 14 calendar days. If you are not satisfied, its complaints procedure lets you escalate to the Mwali International Services Authority. The client agreement is governed by the laws of the Union of the Comoros, gives the Comoros courts exclusive jurisdiction over disputes, and names no ombudsman.
xChief publishes no list of restricted countries; its site says only that it does not provide services in certain regions. Its account-opening form accepts residents of most countries but does not offer the United States, Kazakhstan, North Korea, the United Arab Emirates or Gabon as a country of residence. South African residents open accounts with xChief Ltd under a South African client addendum, introduced by xChief ZA (Pty) Ltd.
xChief's account types page lists spreads from 0.9 pips on CENT, 0.6 on Classic+, 0.3 on DirectFX and 0 on xPRIME, with no commission on CENT and Classic+, and $2.5 per lot per side on DirectFX and $3 on xPRIME, stated for forex and metals. The broker's FAQ describes the DirectFX commission differently, as $15 per million USD traded, charged for both sides when the position opens. Its home page says DirectFX quotes carry no mark-ups, while its Order Execution Policy says xChief may add a mark-up to spreads on MetaTrader.
Only partly. xChief's Risk Disclosure Notice keeps retail client money in segregated accounts with credit institutions, but lets it be pooled with other clients' funds, says pooled funds may be exposed to the firm's obligations arising from other clients' positions, and leaves any loss from the failure of the bank holding it with the client, with no recourse against the firm. xChief Ltd's MISA licence comes with no compensation scheme, and the FSCA authorisation of its South African intermediary does not cover the company that holds client accounts. The Order Execution Policy promises negative balance protection, so losses should not exceed the account balance, but clause 11.8 of the client agreement lets xChief deduct any liability, including one arising from that protection, directly from the client's accounts.
Yes. Clause 12.7 of the March 2026 client agreement lets xChief charge a one-time USD 20 maintenance fee on an account left inactive for what the clause calls 'six (3) consecutive months', followed by USD 20 a month for as long as it stays inactive. The fee applies to each inactive account separately, and where the balance is below USD 20 it takes whatever is left.
Yes, but only on the MT5 versions of the Classic+, DirectFX and xPRIME accounts, for Muslim clients from a limited list of countries that the broker does not publish; it cannot be enabled on MT4 or PAMM accounts. Swaps are waived only on a listed set of forex pairs, gold and silver, and the option is switched off if the account holds positions open for more than 7 days. The terms also let xChief disable it at any time without explanation and charge the full swap cost on the account's positions.
While the welcome bonus is active, the amount available for withdrawal is free margin minus the bonus and minus the qualifying deposit, so the deposit itself stays locked, although the broker's FAQ says profits can be withdrawn at any time. The bonus, 100% of a first deposit of at least $50 and up to $500 on MT5 Classic+, DirectFX or xPRIME, is released only after turnover of 50,000 times its USD value, about 44 lots of EURUSD for a $200 bonus. It is cancelled, and all positions are closed, if equity falls to the bonus amount, and the client can cancel it at any time to remove the withdrawal limit.
The $100 no-deposit bonus is claimed in the xChief mobile app after identity verification, on a Classic+ or DirectFX account, and needs 30 lots of turnover on listed forex pairs, gold and silver within 30 days. After that, at most $100 can be withdrawn and any remaining profit is deducted on that first withdrawal: the broker's own example has a trader with a $250 balance withdrawing $100 while $150 is removed. The bonus is not offered to clients from 17 countries, including India, Indonesia, Nigeria, Pakistan, South Africa and Vietnam, although partners with Silver status or higher may offer it to referrals anywhere, including those countries.
xChief is operated by xChief Ltd, a Comoros company registered under number HY00923433, with its registered address on Bonovo Road, Fomboni, on the island of Moheli; WIKILIX's check of 24 October 2026 found it under that number on an archived copy of the Mwali International Services Authority's licence register. The broker names offices in Port Vila (Vanuatu), Johannesburg and Abuja and a South African introducing company, xChief ZA (Pty) Ltd, while a sister company, xChief Central Asia Ltd., serves professional clients only through xchief.kz. The site still uses the brand's earlier ForexChief name in places, such as its careers email address and its Telegram helpdesk bot.
xChief's deposit and withdrawal page shows crypto withdrawals at 0% in one business day, SEPA transfers at 1.95% (minimum €35) in up to 3 business days and SWIFT wires at 1.95% (minimum $50) in up to 5 business days. Local withdrawals in Malaysia, Nigeria, South Africa, Iran and Vietnam take up to 3 business days, at 1% in Nigeria and South Africa and 0% in the other three, while the India and Indonesia local withdrawals show no fee or time. The client agreement calls these times estimates only, sends withdrawals back to the source of the deposit and lets xChief suspend or reject withdrawals in abnormal market conditions such as extreme volatility.
xChief's account types page gives no minimum deposit for CENT, $10 for Classic+, $50 for DirectFX and $500 for xPRIME, or the equivalent in another account currency. The FAQ on the same site quotes $1 for CENT and $2,000 for xPRIME, and $100 for a PAMM account. The welcome bonus needs a first deposit of at least $50.
xChief offers live chat through its International Helpdesk, a Telegram helpdesk bot, Facebook Messenger and email at info@xchief.com, with formal complaints handled at compliance@xchief.com. The broker advertises 24/7 online support, but its March 2026 client agreement says support is provided during business hours, which it does not define, and that urgent messages outside those hours are accepted only in English. Its contact page lists offices in Port Vila (Vanuatu), Johannesburg and Abuja with email addresses but no phone numbers.
xChief's account types page lists four live accounts: CENT (no minimum deposit, leverage up to 1:500, MT4 only), Classic+ (from $10, up to 1:1000, no commission on forex and metals), DirectFX (from $50, up to 1:1000, $2.5 per lot per side) and xPRIME (from $500, up to 1:1000, $3 per lot per side, MT5 only). The broker's FAQ quotes different minimums for two of them, $1 for CENT and $2,000 for xPRIME. Swap-free versions exist only on MT5 Classic+, DirectFX and xPRIME, and PAMM investment accounts run on Classic+ or DirectFX.
xChief's account types page and FAQ advertise leverage of up to 1:1000 on the Classic+, DirectFX and xPRIME accounts and up to 1:500 on CENT. Its Risk Disclosure Notice (clause 5.2) instead states that the maximum leverage the firm offers is 1:500, with lower limits on some CFDs. The FAQ adds that leverage changes with account equity, and the client agreement lets xChief change margin requirements, and so leverage, without prior notice, which can trigger a stop-out on open positions.
xChief's deposit and withdrawal page lists cryptocurrency (BTC, ETH, LTC, XRP, USDT and USDC), SWIFT wires in USD, SEPA transfers in EUR and UK Faster Payments in GBP, plus local payment channels for India, Indonesia, Malaysia, Nigeria and South Africa, with the options shown depending on the client's country. That page shows no card, e-wallet or Perfect Money option for any country, although the FAQ on the broker's site still says it supports credit and debit cards and electronic payments. Deposits are listed at 0%, but clause 12.9 of the client agreement reserves the right to charge extra fees when money is deposited or withdrawn without trading.
xChief offers MetaTrader 4 and MetaTrader 5 for Windows, macOS, the web (WebTerminal), Android and iOS, plus its own xChief mobile app on the App Store, Google Play and Huawei AppGallery. MT4 runs the CENT, Classic+ and DirectFX accounts, and MT5 runs Classic+, DirectFX and xPRIME. The broker also offers copy trading and PAMM investment accounts.
Only an offshore authority oversees the company that holds xChief's client accounts. xChief Ltd's licence is T2023379 from the Mwali International Services Authority (MISA) of the autonomous island of Mwali (Moheli) in the Comoros; WIKILIX's licence check of 24 October 2026 lists it as active with a caveat, because the latest copy of MISA's own verification page, archived on 16 February 2025, showed an end date of 10 October 2025. MISA offers no compensation scheme and no independent ombudsman. For South African residents, xChief ZA (Pty) Ltd was on the FSCA register on 24 October 2026 as financial services provider 54829, authorised only as an intermediary without advice. According to the broker, it introduces clients to xChief Ltd and does not hold client funds or act as counterparty to their trades.
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