Advanced Platforms, chief forex.

Chief forex

Deposit funds in your account and get a trading credit up to 50% of the amount deposited.

Actual forex bonuses

The basic option for professionals in the line of forexchief trading accounts. Stable high liquidity, narrow spreads without «markups», the minimum brokerage commission on the transaction volume ($15 for 1 million USD) allows to effectively use all advantages of MT5 trading terminal and «one click trading» technology.

Advanced platforms

Popular trading platform metatrader 4/5 developed by metaquotes, including a mobile terminal for ios and android operating systems.

MQL4/5 programming language, a wide variety of tools for technical analysis, trading signals, and VPS service.

Trading credits

Deposit funds in your account and get a trading credit up to 50% of the amount deposited.

Trading credits are termless and interest-free, and can be used as guarantees when effecting transactions.

Turnover bonuses

Turnover bonuses are analogues of rebates or cashback. Earn up to $10 for 1 mln. USD of the trading turnover.

Progressive remunirations scale, bonuses are credited automatically and can be withdrawn immediately without any restrictions.

Copy trading

Copy trades of successful traders in the automatic mode or sell your trading signals to subscribers all over the world.

The service was developed by the metaquotes company and was integrated into the metatrader client terminal.

Partnership

CPA (cost-per-action) remuneration up to $300 for each attracted client.

Subsequent «eternal» remuneration for the referrals turnover calculated on a progressive scale - up to

Liquidity provider

Open new opportunities for your brokerage company with forexchief aggregated liquidity.

Effective B2B solution that allows you to offer competitive terms to the most demanding clients on the basis of developed technological infrastructure.

Regulated & licensed

Metatrader 4 and 5

Wide range of contracts

Aggregated liquidity

Bonus programs

Partnership

Bonuses and promotions

• Analog of "bonus for deposit"


• Increase the amount of funds in the account


• Opportunity to receive up to 20,000 USD


• Perpetual and interest-free


• The profit can be withdrawn without restrictions


• No hidden conditions, can be opt out anytime

• Analog of rebates and cashback


• Progressive remuneration scale


• Credited automatically


• Can be withdrawn anytime without restrictions


• Excellent opportunity for additional income

• The bonus is credited automatically upon the first deposit


• The maximum bonus is equal to $500


• The bonus can be withdrawn after performing the required turnover. The profit can be withdrawn without restrictions


• Trading robots and any strategies are allowed, including scalping and arbitrage


• Welcome bonus has unlimited duration

Account types

This is the main account type in the line of forexchief trading accounts designed for experienced traders. The distinctive features of this account are narrow spreads without "markups" and a broker fee, whose amount is calculated as based on the transaction volume at the rate of $15 for USD 1 mln.

This is a classic account type with a "floating" spread that has no transaction fee. Client's orders are executed in "market execution" mode, while the standard speed of trading order execution on the server is in the range of 100-150 msec (under regular market conditions).

This is a "cent" account, whose balance span exceeds that standard hundredfold. Otherwise, this account type is completely identical to the MT4.Directfx. These accounts will be suitable for those clients who want to test MT4.Directfx on its "cent" counterpart.

This is a "cent" account that is different from MT4.Classic+ only by its balance span. Otherwise, those account types are identical. As it’s an intermediary stage between a demo-account and a real standard account, the cent-MT4.Classic+ allows users to make a comfortable transition from "virtual" trading to operation with real money.

The basic option for professionals in the line of forexchief trading accounts. Stable high liquidity, narrow spreads without «markups», the minimum brokerage commission on the transaction volume ($15 for 1 million USD) allows to effectively use all advantages of MT5 trading terminal and «one click trading» technology.

Classic trading account with a "floating" spread without deals fee. Full access to all MT5 functions, «market execution» mode, average speed of ordering does not exceed 100-150 msec (in conditions of a stable market). The optimal solution for professional systems with the modeling of profitability using the floating spread method without taking into account commission costs.

«cent» analog MT5.Directfx, the balance dimension of trading account is 100 times larger. Accounting for trading results in cents is beneficial for beginners, who can not risk large sums, and professionals who perform testing or optimization of trading systems or methods of management

"cent" version of MT5.Classic+ with a low level of risk. Guarantees maximum of practical experience at minimal costs. It is recommended for all systems based on floating spread without deals commission. Provides a comfortable transition from demo trading and small deposits to a full trading account.

Deposit and withdrawal

Wide range of payment systems, 0% commission, negative balance protection, segregation of client funds

Company news

Analytics

Quotes

Risk warning: trading with complex financial instruments such as stocks, futures, currency pairs, contracts for difference (CFD), indexes, options, and other derivative financial instruments involves a high level of risk and is not suitable for all categories of investors. You must realize that there is a probability of partial or complete loss of your initial investments and you should not invest facilities that you can't afford to lose. Until you begin to carry out trading transactions, make sure that you fully realize the risks associated with this type of activity.

HMRC exchange rates for 2020: monthly

Find foreign exchange rates issued by HMRC in CSV and XML format.

Documents

December 2020: monthly exchange rates

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March 2020: monthly exchange rates

February 2020: monthly exchange rates

January 2020: monthly exchange rates

Details

You should use these exchanges rates if you have to convert any foreign currency to sterling for customs and VAT purposes.

The EU rate includes the following countries:

• Austria


• Belgium


• Cyprus


• Estonia


• Finland


• France


• Germany


• Greece


• Ireland


• Italy


• Latvia


• Lithuania


• Luxembourg


• Malta


• Netherlands


• Portugal


• Slovakia


• Slovenia


• Spain

You should only use the EU rate for conversion of invoices drawn in the euro. Do not confuse it with the euro rate published for agricultural levy purposes or the bit error rate (BER) daily rate set to help payment of taxes in the euro.

The december 2020 monthly exchange rates have been added.

The november 2020 monthly exchange rates have been added.

The october 2020 monthly exchange rates have been added.

The september 2020 monthly exchange rates have been added.

The august 2020 monthly exchange rates have been added.

The july 2020 monthly exchange rates have been added.

The june 2020 monthly exchange rates have been added.

The may 2020 monthly exchange rates have been added.

The april 2020 monthly exchange rates have been added.

The march 2020 monthly exchange rates have been added.

The february 2020 monthly exchange rates have been added.

Forex chief review and ratings

Company information

Forex chief is a forex broker located in the republic of vanuatu, regulated by the vanuatu financial services commission (VFSC).

Availability

Forex chief accepts clients from all over the world, excluding USA and some jurisdictions where restrictions apply.

Distinctive features

• Simple registration and verification process.


• Various bonus programs and trading contests.


• Tight spreads on major currency pairs.


• Cryptocurrency funding accepted.

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ currency pairs	based on major and minor world currencies.
5 crypto pair	based on bitcoin, bitcoin cash, ethereum, litecoin, ripple.
10 indice cfds	based on baskets of different blue-chip stocks.
2 metal cfds	based on gold and silver.
3 energy cfds	based on crude oil (WTI, brent) and natural gas.

Comprehensive review

Forex chief is a broker that has been operating in the market since 2014, is headquartered in the offshore jurisdiction vanuatu, and with additional offices in switzerland, singapore, and nigeria (abuja and ibadan).

An important thing to take note of regarding forex chief, however, is that it does not have any properly regulated entities anywhere in the world that could attest to the credibility of this broker. Although the broker is subject to some oversight from the vanuatu financial services commission (VFSC), this is a very loose form of regulatory oversight compared to what is typical in regions like the EU, australia and north america.

Thankfully though, loose oversight also comes with certain benefits for the user, such as the ability to set up and fund a trading account with cryptocurrencies more or less anonymously, as well as ultra-high leverage of up to 1:1,000 on certain trading instruments.

Forex chief also has a pretty strong line-up as far as trading instruments goes, with more than 40 popular forex pairs, as well as cfds on everything from gold & silver to energy commodities, stock indices, and a selection of cryptocurrencies. One thing we do miss, however, is a selection of single stocks to trade as cfds, which is not possible with forex chief.

All the assets offered by the broker are traded on either the metatrader 4 (MT4) or metatrader 5 (MT5) trading platforms. As usual, these platforms are available as either the standard downloadable version for windows, as a web-based version for use on any computer, or as mobile apps for tablets and smartphones.

The account types offered by the broker includes four different trading accounts for either the MT4 or MT5, in addition to a special islamic account:
– MT4/5.Directfx, with spreads from 0 pips and commissions of USD 15/roundtrip.
– MT4/5.Classic+, with spreads from 0.3 pips and no commissions.
– cent-MT4/5.Directfx, with spreads from 0 pips and commissions of USD 15/roundtrip.
– cent-MT4/5.Classic+, with spreads from 0.3 pips and no commissions.

All trading accounts have a minimum deposit requirement of USD 50, and allow for leverage of up to 1:1,000 on the most liquid assets.

Further, trading accounts with forex chief can conveniently be funded with either an international bank wire transfer or by making a credit/debit card payment with all major cards. In addition, a range of e-wallet services like skrill and neteller, and cryptocurrencies like bitcoin, ethereum, and litecoin are also accepted.

Finally, customer support is offered by forex chief via live chat on platforms such as skype, telegram, whatsapp and others, as well as on dedicated phone numbers for each of the broker’s regional representative offices. All offices offer support only within their own working hours, and 24-hour support is therefore unfortunately not available.

In conclusion, it is obvious that forex chief is a broker that has managed to capture a part of the important african and nigerian market since it first entered the business in 2014. We also like how the broker’s customer support team is available on several platforms, although we would have liked to see 24-hour support offered. All in all, however, forex chief is a broker with a good line-up of trading instruments combined with competitive spreads, and may therefore be a decent choice for traders.

Forexchief.Com review

Forexchief is a forex broker. Forex chief offers the MT4 and MT5 forex trading top platforms. Forexchief.Com offers over 35 forex currency pairs, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Broker details

deposit methods:

bank wire, VISA, mastercard, advcash, alipay, bitcoin, fasapay, local bank transfers, neteller, perfectmoney, qiwi, skrill, unionpay, webmoney

withdrawal methods:

bank wire, VISA, mastercard, advcash, alipay, bitcoin, fasapay, local bank transfers, neteller, perfectmoney, qiwi, skrill, unionpay, webmoney

Live discussion

Join live discussion of forexchief.Com on our forum

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Not everyone reads instructions. I was hoping you will have this account without me asking to get swap free. My previous broker had this. Well, I am glad I was able to get swap free afterward. Thank you.

Jan 16, 2021 - 2 stars hello, my name is umeh, I am dropping this review so others may be careful when choosing this broker. If you want to use forexchief because they claim to give a swap-free account, don't do it. It is deceit on the broker's part to claim on a website that they have a swap-free option. I even asked customer service to confirm this before registration. I have the transcript of the chat in case the broker denies this. I have already deposited money with this broker but I cannot trade anymore because they did not give me an option for swap-free. I don't see the need to talk to anyone because I know they're going to keep playing me around. I have already put in a request to change the broker. I need a broker that offers swap-free unconditionally. I think any trader deserves the right to choose whether to use such an option or not. It is better forexchief removes this info from the website so that traders do not be deceived. I wonder what else is a lie.

Reply by forexchief submitted jan 20, 2021 dear mamary

It looks like you didn't read carefully the conditions. To get swap-free option you need to send request via ticket and wait confirmation from dealing dep.

About us

General information

Services are provided by the company forexchief ltd. (company number №14777) licensed by the vanuatu financial services commission as a dealer in securities (principal’s license) pursuant to section 4, subsection (1) (a) of the dealers in securities (licensing) act [CAP. 70]. In order to carry out transactions with currency contracts and metals, the company's customers are offered the most popular platform in the area of forex trading - metatrader 4/5. In addition, the line of account types has "cent" accounts, where the balance size can be used not only for reduction of investment risks, but also for testing trading conditions, in general.

Target audience

Despite maximum loyalty to each customer, this project, firstly, has been designed for experienced traders, whose knowledge and skills allows them to use the benefits that forexchief offers, to the fullest extent. However, when considering high risks when carrying out operations at forex, the company also offers "cent" accounts to beginners, which, on the one hand, allows to avoid major financial losses, and, on the other hand, provides an opportunity for users to experience in full the complexity of work with real monetary funds.

Mission

Provision of quality and inexpensive forex services to physical parties and legal entities based on modern technologies in online trading. Moreover, in this project, special attention is paid to work with institutional clients, who want to provide the best trading conditions for their traders with the help of high liquidity and low spreads.

Development

Involvement of additional providers, search for new solutions, and the development of improvements for the liquidity aggregation technology are the current priorities in the development of this project. Besides the standard steps made for promoting this brand among its target audience, the company's aim is to have close B2B cooperation with large players for the sale of their liquidity on the basis of the developed high-technology infrastructure.

Forexchief

• Company forexchief ltd.


• Founded in 2014


• Online since 2015


• Offices in

• Bitcoin


• Bitcoin cash


• Credit/debit cards


• Ethereum


• Fasapay


• Litecoin


• Local bank transfer


• Neteller


• Perfect money


• QIWI


• Ripple


• Skrill


• Tether (USDT)


• Unionpay


• Webmoney


• Wire transfer


• Yandex.Money

• Euro


• Great britain pound


• Japanese yen


• Russian rouble


• Swiss franc


• United states dollar

• Arabic


• Bengali/bangla


• Chinese


• English


• Hindi


• Indonesian


• Portuguese


• Russian


• Spanish


• Ukrainian

Account types:

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:1000


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:1000


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:1000


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:1000


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:400


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:400


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:400


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

• Hedging


• Overnight interest rates (swaps)


• Trailing stop


• Pending orders


• One-click trading


• Mobile trading


• Automated trading

• Forex 1:400


• Gold & silver 1:200


• CFD 1:50


• Oil 1:100


• Metals 1:200


• Energies 1:100


• Cryptocurrencies 1:10

Reviews

65 reviews of forexchief are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

This broker offers one of the best trading servers I have ever seen. It is freaky fast even on news trading. They provide good opportunities for market analysis. Once you login to the mt4, the charts are turned on instantly as if you never left.

Some other servers would take a few minutes to load, but not this one. Many of my colleagues were surprised when I showed them. Only a few brokers have this kind of server that is fast and no regular freezing. More success for me

All key information about forexchief is present on their website. This is an honest broker with no hidden charges. Some of the issues I had was because I did not read through the account type pages to know what features are present in each account type. Forexchief is perfect for me. My advice to anyone is to make sure to ask questions before doing anything. I have access to 1:1000 leverage here. No issues

I have been trading with forexchief for the last 2 years and got a lot of support from opening accounts, document verification and trading consultation. If the spread is larger and it was not as promised, they reimburse with the spread charged or widened, funding and withdrawing are smooth without any hassles. Overall a decent broker and good support.

This is a very professional broker to use. The staff on chat department is amazingly good and has vast knowledge of forex. She answers all my questions with precision and patience. This is the first impression that made me register and started trading with forexchief. Every other thing is fine as well. All I hear about the broker giving 1:1000 leverage and big bonuses is actually true.

I have used other trading tools like ctrader before, it was okay. But I learned forex with mt4, so it was nice to finally find a broker with mt4 and mt5 that is really good on spreads and leverage. Forexchief offers excellent service and low trade commission.

Trading forex from hungary is made easy for me by forexchief. They have three good payment systems and work well with my country and I am treated well as an elite client. I love the attention the broker gives to traders with small or big investment. First, the website is easy to navigate, deposit is easy, withdrawal is fast. Trading is smooth and fruitful with this broker. I look forward to many years of making profit.

Forexchief amazing broker, efficient team! They are very helpful with their customers, and if anyone looking for a good broker I think forexchief is the best choice.

This is a broker with offshore regulation, but I am very much impressed with their services. My first deposit was 2000$, and then another 8000$ after all was well. So right now I have approx 14k used with this broker. I made 2k withdrawals last week. All is well, and all is fast. I love it here.

Not bad for a broker outside the EU and U.S. In fact, I noticed forexchief has better execution of order, less slippage and requotes. Also stop orders are triggered perfectly. I use bank transfer for deposit and withdraw, more comfortable, but not as fast as other payment methods. Still, I get my funds within 48 hours most times. I will continue to use this service longer than I planned

This is one of the best brokers I have used since I started trading. I like the fact that they want me to succeed. They don't cancel my profit or do regular checkups on my trades, which was a serious issue with another broker. The forexchief mt4 server is one of the fastest I have used. It is really nice to use a broker that supports you all the way.

Forexchief allows me to sell my signals to subscribers around the world and I can choose if I want to copy the movements of other more experienced investors, that is a very positive aspect of them

I think every trader out there should use forexchief. There is flexible account types to accommodate any kind of trader. I use a micro and standard account. There is no fixed spread, only variable. I do like fixed spread, but the variable spreads seems more advantageous and far lower than fixed spreads. There is no deposit fee.

In my journey to find a good broker that offers high leverage, I chose forexchief. It is regulated by the ifsc. This regulation is not as good as the u.S or a.U. But I am not easily fooled by top regulations, a broker who wants to screw you will do, and these days the regulatory agents don't help us traders. So what is the use choking myself with bad trading conditions from highly regulated brokers. Besides, they will never offer 1:1000 leverage as forexchief does, no will they give me low spreads as I get now. So traders like myself have to sacrifice regulation to get my leverage needs as long as the broker has a long history of integrity and good reputation. Forexchief ticked all my requirements. Am in 100%, and right now I am enjoying my trades, ripping the profit off the market

I like being able to copy transactions through social trading, which is very useful for me because I can make the same entries or analyze them for later entries, the withdrawal of funds is convenient and fast.

If you are looking for a decent broker that gets the job done, forexchief is the real deal. This is a small broker but have built a good reputation here. I love it. I am doing this review due to personal experience of 1 year as a trader with this broker. With it comes to finances, they are committed to making sure I get my money at exactly when I need. No issues when it comes to my money. My last withdrawal was done last month. I am planning another by the end of this month

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Chief forex

The system based on two strategies that focus on trade accuracy, there will not be too much trades because the main aim of trades is to has high accuracy of winning trades compared to loss trades

Strategy no.1: long term trades
long term trades based on fundamental analysis -the news of interest rate and inflation rate update from central banks

Strategy no.2: short term trades

It is a combination between supply and demand area, price action, support and resistance and digital analysis

• Balance: $29,203.24


• Equity: (99.24%) $28,982.32


• Floating PL: -$220.92


• Deposits: $17,397.48


• Withdrawals: $428.01

• Trades: 408


• Pips: 9,733


• Won: 63%


• Avg. Trade time: 1d


• Lots: 116.2

• Profit factor: 2.26


• Daily: 0.10%


• Monthly: 2.99%


• Trades per month 15


• Expectancy: 23.9 pips / $29.98

About

Signal start is a professional one stop shop signal service for signal followers and signal providers.

Contact us

HIGH RISK WARNING: foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.

PAST PERFORMANCE RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR BY PAST PERFORMANCE RESULTS. PROSPECTIVE CLIENTS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON PAST PERFORMANCE RESULTS AND SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.

Pivot point forex strategy

Contents

Ability to correctly determine key points on the price chart is one of the basic conditions of the effective trading. Forex pivot strategy is one of the simplest and effective trade techniques for the high intraday volatility markets.

Forex the pivot points trading strategy at levels are applied to the technical analysis from thirtieth years of the 20th century and represent the turning points of the market allowing to build strong lines of support/resistance. Presently all calculations are automated, but it is necessary to understand that any indicators can predict turn points only for a certain temporary site.

Parameters and calculation procedure

The turn price which is calculated as an average from the prices of high, low, and close of previous day is taken as a basis of creations. Further the standard technical indicator automatically builds three levels above/below the central line: supports (S1,S2,S3) and resistance (R1,R2,R3):

Pivotpoint=(сlose+low+high)/3 - central line level;
S1=2PP-high; S2=P-(R1-S1); S3=low-2*(high-PP) - supports levels;
R1=2PP-low; R2=PP+(R1-S1); R3=high+2(PP-L) - resistance levels.

On any pivot point strategy forex recalculation of levels is carried out every day. It is meant that even in case of average trend movement at least one of them will prove.

To exclude influence of internal time of the terminal on calculations, it is necessary to use the amendment on a difference of local time with server time, for example, GMT. The main levels shall be calculated with shift of the beginning of day - it can be solved by special indicators, dailypivot_shift, for example, which contains the corresponding settings of time.

Application in trade practice

For forex pivot points strategy these levels allow to identify a market situation and approximately estimate prospects, both on trend movement and during a flet (border of the horizontal channel). It is considered that so far the price moves above the central line - the trend ascending, if below - bear. In the pivot zone the probability of a turn of the price is high, and in case of breakdown - movement at least to the following.

In forex pivot strategy S1 and R1 levels are considered as the most important, and other (R2, R3, S2, S3) are most often used as levels of closing of line items as in case of the price achieve by their, the market reaches a condition of an oversold or an overbuy.

On trend movement the pivot line are used as reference points for exposure of takeprofit/stoploss. Theoretically the trend has to turn on the third step (S3 or R3), but even in case of strong volatility of the market the price very seldom reaches these levels. Most often the turn (or a long stop) occurs in the field of the S2-R2 levels - exactly here it is possible to fix profit partially.

There are modifications of the pivot point indicator which allow to display on one schedule levels of several periods, for example, H4, D1, W1. Then, according to pivot strategy forex, on smaller timeframe it is possible to look for points of entry in the market, and to use levels from the older time frame as a reference point.

Some information resources in the block of the technical analysis offer several options of calculation of levels, but it practically does not affect efficiency of signals.

Example of such complex indicator is all_pivot_point which has already included all kinds of levels of pivot - it is enough in settings of typepivot to specify the corresponding parameters.

Forex pivot point strategy daily_pivot

Trade asset: GBP/USD or other currency pairs with stable intraday volatility. Timeframe: H1 and above. Trading session: europe, europe-america. Indicator: dailypivot_ind2.

The indicator builds additional pivot levels that considerably increases the accuracy of signals. The moment when the hour candle punches (or concerns) R0.5 resistance level (in case of purchase) or the level of support S0.5 (in case of sale) is the point of entry. We open the transaction, without waiting for closing of an hour candle.

In this forex pivot points trading strategy takeprofit we put on the R2 level (in case of purchase) or S2 (in case of sale), but it is recommended to use a trailing of 15-20 points. Stoploss put at the S0.5 level (in case of purchase) or R0.5 (in case of sale).

In case the price achieve the R1 level (or S1), we close 50% of amount of the transaction and transfer an open line item in the black.

It is recommended to open no more than two transactions a day on this pivot points forex strategy. If after creation of pivot-levels it turns out that the price is not between the S0.5 and R0.5 levels, then it is necessary to wait until the price is included into this corridor and only after that it is possible to wait for breakdown of the S0.5 and R0.5 levels, and, respectively, to open the transaction.

Several practical notes

Traditionally for pivot point forex trading strategy two options are offered - breakdown of level and trade in the range. The same level can play a role of strong resistance (there is a price release) or a support role when the price punches level, and then during correction relies on it.

Anyway, if the market has opened day above a rotation point, then it is necessary to give preference to purchases. And, on the contrary, when opening the market below the central level - we consider signals for sale.

Standard pivot points forex strategy is used only one day lines therefore this technique is the most useful for intraday trade. The pivot levels can be used as the price filter not to buy under the strong level of resistance and not to sell about support - it also actually for a scalping.

The pivot lines can be applied as addition to trend medium-term strategy - not only for an entrance to the market, but also for maintenance of line items. If daily to update the target levels taking into account the latest events, then quality of signals will significantly increase.

Conclusion

Classical pivot points strategy of trading forex are still actual, but the algorithm of calculation is not really exact because of the simplicity. Any speculative throws of the price or low volatility, for example, in the thin market, can show inadequate max/min of last day and further essentially influence on calculation of the current point of a turn. Therefore for position opening the situation of breakdown or a turn from the pivot points lines shall be confirmed by other indicators surely. Rather reliably the pivot points indicator works in a sheaf with all types of oscillators, for example, standard stochastics.

Forexchief review - is forexchief.Com scam or good forex broker?

RECOMMENDED FOREX BROKERS

Trading accounts & conditions

Account type	minimum deposit	minimum trade size	maximum leverage	average spreads (& commission)
MT4.Directfx	$1	0.01	1:400	0.4 pips + $3 /lot roundtrip
MT4.Classic+	$1	0.01	1:400	0.7 pips
cent-MT4.Directfx	$1	0.01	1:400	0.4 pips + $3 /lot roundtrip
cent- MT4.Classic+	$1	0.01	1:400	0.7 pips

Forexchief offers its clients 2 basic account types – a commission-free MT4.Classic+ and MT4.Directfx, which offers tighter spreads, but a commission applies. Besides, there are 2 cent accounts, whose balance exceeds that of standard accounts hundredfold - indispensable option for beginners.

All account types provide leverage up to 1:400, the option to trade in micro lots and require no specific minimum initial deposit.

Indeed, the offering of forexchief seem attractive: there is not requirement for making a minimum deposit (however, keep in mind that in order to make transactions, a sufficient amount of money must be available on the trading account.) what is more, trading costs on all account types amount to an average of 0.7 pips per standard lot for the EUR/USD pair, while most brokers offer spreads within the range of 1.0 – 1.5 pips for this pair.

The company. Security of funds

Established in 2014, forexchief is an offshore broker, licensed by the vanuatu financial services commission as a dealer in securities (principal’s license). It has offices in singapore and moscow and offers trading in forex and precious metals on the metatrader 4 platform.

Vanuatu (formerly known as the new hebrides islands) offers a variety of tax benefits - no income tax, no capital gains tax nor inheritance tax. Besides, registration process for forex and binary brokers is fast and low cost and that is why this jurisdiction is so popular.

In addition, capital requirements in vanuatu are very low, amounting to $2000.

According to us, offshore regulated brokers should be avoided as a general rule, no matter what their claims are, as the rules and requirements applicable to them are very lax, if any. That is why, we would advise you to select a forex broker licensed in UK, or cyprus for instance, where regulation is strict and there are compensation schemes, which will protect your money if your broker becomes insolvent.

Trading platform

Like most brokers, forexchief supports the most popular trading platform, metatrader 4 (MT4), available as desktop, and mobile versions.

It earned its reputation due to its ease of use and various useful functionalities that allow the traders not only to make transactions but also analyze market dynamics, to automate their trades via wide range of expert advisors (eas) and to back-test their strategies.

This broker offers $20 welcome no deposit bonus. The bonus and/or the profit can be withdrawn only after trading turnover at the account achieved 1,000,000 USD.

Methods of payment

Forexchief offers its clients 2 payment methods: bank wire transfer, credit/debit card, and e-wallets skrill, webmoney, fasapay and qiwi.

Conclusion

Forexchief is another offshore broker registered in vanuatu that offers online trading on the MT4 platform. Our main concern with it is the loose regulation, otherwise its offerings seem attractive. Here are, in a nutshell, the advantages and disadvantages of forexchief:

Pros	cons
tight spreads & low commission	offshore broker with loose regulation
low minimum initial requirement	no indices and stock cfds
STP/NDD model	no choice of trading platforms, no web-based one
MT4 platform available
cent accounts

Latest news about forexchief

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS mastercard is also available for faster deposits and withdrawals.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Broker	country	regulation	platform	min deposit	review
	cyprus, UK, mauritius	cysec, FCA, FSC, FSCA	MT4, MT5, web	$10	review website
	cyprus, SVG	cysec	MT5, web, ctrader	$100	review website
	australia, cyprus	ASIC, cysec	MT4, MT5, iress	$100	review website
	cyprus,belize, australia	cysec, IFSC, ASIC	MT4, MT5	$5	review website
	UK, australia, south africa	FCA, ASIC, FSCA, cysec	MT4, trading station, ninjatrader	$50	review website
	UK, cyprus, UAE, south africa	FCA, cysec, DFSA, FSB	MT4, MT5, fxpro markets, ctrader	$100	review website
	cyprus	cysec	MT4, MT5, web	$1	review website
	belize	IFSC	MT4, MT5	$100	review website
	cyprus, UK, south africa, UAE	cysec, FCA, FSCA, DFSA	MT4, MT5, web	$5	review website
	hong kong	SFC	marketspeed FX, trading station	$1	review

Traders` reviews for forexchief

Spread

Slippage

Requotes

Price feed

Platform

Deposit/withdraw

Customer service

Summary

Forexchief is fraud broker. Confirm fraud

My name is allah daad and i am 46 year old man and in forex trading since last 11 years.
My account with forexchief is 1215495 witch i have registered at
10.5.19 to get there 100 $ wellcome bonus for cheking there services.But when i read the rivews about this broker then i was afraid to choose it as my permanent broker.
.
But after 1 month i decide to check them by there 100 $ wellcome bonus as i have no fear to loss my money.
.
So i scan the code via aplication and they add 100 $ in my account.
I start the trading.
.
During trading i was remain in touch with there support for asking my trading turnover.
.
In 4 days i have complete there huge mountain of turnover nearly 45 lots and my remaining profit
105 $.
I have found there spreads very good.So i asked there support that i want to continue trading with them and dont want to withdrawal.
.
So they happily advice me to open a new account and submit a support ticket to transfer funds in new account.So i have done this.
.
After that i decide to check there withdrawal services so i submit a withdrawal request and update the ticket not no transfer the balance and sent withdrawal.
.
And surprised to see the reply in ticket that the bonus offer ended at 11.6.19 so i can not withdrawal. And they reset my trading account 0000 and delete all trade history.
Now the points witch i have noted, that confirm this broker as a fraud are these.
1.
If they closed there offer at 11.6.19
than why they gave me bonus at 13.6.19.
2.
If they gave bonus by mistake then why they not writenoff it when i was trading and in touch with there support for trading turnover.
3.
When i chat with them and they checked my trading history why there support not telling me that this offer ended and dont waist the time.
4.
When i complete turnover and asked them to transfer money in 2nd account, everything was fine.
But when i submit withdrawal request they reject the bonus.
5.
After this i asked there chat that why they not told me that i can not withdrawal and bonus ended at 11.6.19. They told me it is not possible that your withdrawl rejected and take 15 mint to confirm and they say sorry that he can not help me.
.
After that i submit a ticket and got horrible reply that i have used technical maintanence to get there bonus at 13.6.19 while offer ended at 11.6.19.
It means they called me international hacker who hacked there system for getting there bloody 100 $ bonus.Strange.Hahaha.
.
Now they delete my member area and not replying on live chat.
.
I dont know the traders who post a nagitive rivews here and why they changed them in good rivew. I think they have done this only for money.
This broker is realy a fraud and scame broker.
.
Now let me clear what he getted by this 100 $ bonus.
If someone loss this bonus then broker loss nothing becouse they dont sent the trades in market and it just like a demo account loss.
But when traders earn money and they found him in profit then his trades sent in markets and they earn money by spreads and commission.Now only from me they have earn above 400 $ by my 45 lots trading and also take back there 100 $ and take my 105 $ profit also by creating any reason.
So they earn 505 $ only from me.
.
Now they offer 500 $ bonus instead of 100 $. Hahaha.
This is an other good trap for snatching money.Read there terms.
I explain it here.
You can not loss the bonus but only can trade.It mean you can use huge volume to trade and let your account wash fastly and when you loss reache at your own funds they writenoff ther bonus and your account washed.
You have to trade huge volume of trading with your own funds for getting withdrawal there bonus.And in this try you lost your funds. If you complete all condition then they reject your withdrawal by creating any reason.
Dont waist time . This is confirm a fraud broker.
.

I am an old trader and in forex trading from 11 years.So i advjse you dear forex traders and new comers dont choose this broker.Even not get there bonuses that these are only waist of time and it will ended in frustation and tention.

Scammmmm

Enableno, thanks
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guest - international helpdesk (EN)
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sunday, 27 january 2019
conversation #32828
hello. Is hedging allowed?
Hello
yes
hedging is allowed
today
conversation #34114
hello, will i be able to withdraw the profit i make over the 100 dollars welcome bonus? Like if i make 50 dollars priffit and i have 150 in my account, can i withdraw 50 dollars?
Hello!
You will be able to withdraw from the bonus account maximum 100 USD only after trading turnover of the account is 10 000 000 USD (this is about 40-50 lots in MT4, depends on pair). One traded lot brings on average 200 000 - 250 000 USD of the trading turnover regardless of profit.

You can check your turnover in your personal area here https://my.Forexchief.Com/en/bonuses-credits/welcome-bonus/ via this method:

You can find full conditions here:
https://www.Forexchief.Com/services/welcome-bonus/
not from the bonus, just the profit
doesn't matter
you will be able to withdraw from the bonus account balance maximum 100 USD only after trading turnover of the account is 10 000 000 USD
so if i deposit 100 and make proffit its the same?
It is possible but there are restrictions for welcome bonus. If you deposit the account with welcome bonus, you will be able to withdraw maximum only = your own funds + 100 USD, all other funds will be canceled and account become a zero.

Example:
trader got 100 USD bonus and also replenished account by own 200 USD. Then trader closed 45 lots EURUSD, which means that trading turnover at the account achieved 10,000,000 USD. The balance of funds on the account after the turnover equals $550. In this case, the trader will be able to withdraw only $300, the remaining amount of $250 will be canceled.

Download
this is a scam, thank you ,i allmost deposited money. And your spread is a scam as well. I
11.1.4. For accounts MT4.Directfx, MT4.Classic+, cent-MT4.Directfx and cent-MT4.Classic+ spreads are not fixed and
can be significantly extended because of low liquidity or high volatility, especially at the moment of publication of
economic news.
You can find full text of the client agreement here: https://www.Forexchief.Com/trading-conditions/documents/
samples of agreements
samples of agreements forexchief
www.Forexchief.Com
yeah, this is going to fca.
Is there anything else I can help you with?
Yes, cancel my account
one account can not be cancelled. We can delete your personal area in forexchief with all of its accounts. Please, confirm your request via ticket here: https://my.Forexchief.Com/en/support/ticket/
enter message

No complains

Am a scalper, but it seems the broker does not like aggressive scalping eas. I had to test run another EA and it worked fine. I was able to withdraw profits made. Manual scalping was allowed as well. No complains about this broker so far.

Trade complain

I have a complain regarding trading.. I opened an account on the 12-05-2018 had to wait for the market to open on sunday so i dd. I placed trade as soon as the market opened it did not even start counting, within a second or two i was cut out.I checked if just maybe the was a big movement i did not know about, the market wa moving very slow as usual but i was cut out with a loss of -86,19

Complain about fake company

I am trading on company call it omega trade and it is old name was boom forex I think and now the owner closed the accounts of the traders and disappeared!!
Please inform the people about the company

so, let's see, what we have: forexchief - reliable online forex broker. Spreads from 0 pips. MT4 and MT5. Leverage up to 1:1000. Cent accounts. Welcome bonus $500. Affiliate CPA up to $300. At chief forex

Contents of the article

• Actual forex bonuses


• Advanced platforms


• Trading credits


• Turnover bonuses


• Copy trading


• Partnership


• Liquidity provider
  
  
  
  • Regulated & licensed
  
  
  • Metatrader 4 and 5
  
  
  • Wide range of contracts
  
  
  • Aggregated liquidity
  
  
  • Bonus programs
  
  
  • Partnership
  
  
  
  


• Bonuses and promotions


• Account types


• Deposit and withdrawal


• Company news


• Analytics


• Quotes


• HMRC exchange rates for 2020: monthly


• Documents
  
  
  
  • December 2020: monthly exchange rates
  
  
  • November 2020: monthly exchange rates
  
  
  • October 2020: monthly exchange rates
  
  
  • September 2020: monthly exchange rates
  
  
  • August 2020: monthly exchange rates
  
  
  • July 2020: monthly exchange rates
  
  
  • June 2020: monthly exchange rates
  
  
  • May 2020: monthly exchange rates
  
  
  • April 2020: monthly exchange rates
  
  
  • March 2020: monthly exchange rates
  
  
  • February 2020: monthly exchange rates
  
  
  • January 2020: monthly exchange rates
  
  
  
  


• Details


• Forex chief review and ratings


• Company information


• Availability


• Distinctive features


• Trading instruments


• Comprehensive review


• Forexchief.Com review


• Broker details


• Live discussion


• Video


• Traders reviews


• About us


• General information


• Target audience


• Mission


• Development


• Forexchief


• Account types:


• Reviews


• Submit your review


• Chief forex


• About


• Contact us


• Pivot point forex strategy


• Contents


• Parameters and calculation procedure


• Application in trade practice


• Forex pivot point strategy daily_pivot


• Several practical notes


• Conclusion


• Forexchief review - is forexchief.Com scam or...


• RECOMMENDED FOREX BROKERS


• Trading accounts & conditions


• The company. Security of funds


• Trading platform


• Methods of payment


• Conclusion


• Latest news about forexchief


• Traders` reviews for forexchief
  
  
  
  • Spread
  
  
  • Slippage
  
  
  • Requotes
  
  
  • Price feed
  
  
  • Platform
  
  
  • Deposit/withdraw
  
  
  • Customer service
  
  
  • Summary
  
  
  • Forexchief is fraud broker. Confirm fraud
  
  
  • Scammmmm
  
  
  • No complains
  
  
  • Trade complain
  
  
  • Complain about fake company