ForexChief Ltd. (Company Number №14777) is 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] as amended. 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 STP/NDD model allowing not only avoid a conflict of interests between the company and the client, but also, in general, increase service quality by means of narrow spreads and high speed of trading order execution.
As the basic platform, ForexChief offers MetaTrader 4 - the most popular trading platform for forex trading. Separately, institutional clients who offer broker cervices should pay attention to STP-gate integrated into MetaTrader 4 and allowing to connect liquidity through a regular trading account on MetaTrader 4 platform with minimum labor input.
The Company pays special attention to technical stability of trading servers and software that is provided to the client for trading operations. The technologies developed for liquidity aggregation as well as the system of their administration is based on cluster solutions, which allows to maintain a high level of reliability under abnormal loads (especially in case of a large number of client orders coming to the trading server at the moment of the publication of economic news).
The line of ForexChief account types has "cent" accounts (cent-MT4.DirectFX and cent-MT4.Classic+), whose balance exceeds that of standard accounts hundredfold. This way, for instance, if a trader refills a cent account with USD 100, then in case of successful completion of transfer, the amount of 10,000 (i.e. 100 times more) will be debited 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 to invest significant capital, and for professionals, whose goals is fine tuning and testing trading robots in real market conditions. Also, this type of account provides an opportunity to have a comprehensive testing of dealing level in the company, not risking a large deposit in this case.
It is important to note that only client orders with the size from 1,000 units of the base currency, which corresponds to 0.01 of a lot on MT4.DirectFX и MT4.Classic+ accounts, will be transmitted to counterparties. This way, for all orders whose size is below 1,000 units of the base currency, the Company acts as a dealer (the "second party" of the transaction).