xChief Limited is an online platform providing global financial trading services. Despite its relatively recent establishment and unclear regulatory status, it offers a variety of trading products and advanced trading platforms. The company's official website domain was registered in 2013, indicating it has been operating on the internet for several years. However, due to the lack of specific registration information and regulatory approval, potential business partners and investors may need to exercise more caution. Currently, xChief's official website is: https://www.xchief.com/
Corporate Background of xChief:
The corporate background of xChief Limited is still somewhat opaque in certain respects. The company's official website domain was registered on January 14, 2013, showing its presence on the internet for some time. However, details about the specific registration time and address of the company are scarce. This lack of clear registration information may raise concerns among potential business partners or investors, as registration information is usually seen as a basic indicator of a company's legitimacy and credibility.
Regulatory Body of xChief:
xChief is currently not regulated by any formal regulatory bodies. In the financial services industry, being regulated by recognized regulatory bodies is an important marker of trust and safety, typically meaning the company must adhere to strict financial standards and operational transparency.
Account Opening Process at xChief:
- Click to register at the top right corner of the xChief homepage
- Fill in your name, nationality, email, and password. If you have an invitation code, you can fill it in
- Once you complete the information, the account opening process is complete.
Account Types at xChief:
xChief offers four different types of accounts on both its MT4 and MT5 trading platforms. For the MT4 platform, this includes the MT4 Direct Forex Account (MT4.DirectFX), MT4 Classic+ Account (MT4.Classic+), Cent-MT4 Direct Forex Account (Cent-MT4.DirectFX), and Cent-MT4 Classic+ Account (Cent-MT4.Classic+). The minimum deposit for these accounts is $50 or equivalent currency, with up to 1:1000 leverage available. On the MT5 platform, the available account types include the MT5 Direct Forex Account (MT5.DirectFX), MT5 Classic+ Account (MT5.Classic+), Cent-MT5 Direct Forex Account (Cent-MT5.DirectFX), and Cent-MT5 Classic+ Account (Cent-MT5.Classic+). These accounts also require a minimum deposit of $50, but offer trading leverage of 1:400.
Trading Products at xChief:
xChief offers a diverse range of trading products, including major, minor, and exotic currency pairs, spot metals, commodities, stock indices, and cryptocurrencies.
Trading Platforms at xChief:
xChief provides market-leading and highly acclaimed trading platforms, including MT4, MT4 iPhone & Android & iPad versions, and MT5, MT5 iPhone & Android & iPad versions, to meet a wide range of user needs.
Spreads at xChief:
The spread situation at xChief is as follows:
- In the MT4 Direct Forex Account (MT4.DirectFX), the minimum spread for EUR/USD is 0 pips, and for gold and silver against the USD, the minimum spread is also 0 pips. The minimum spread for UK oil is 1.4 pips and for US oil 1.2 pips, with a trading commission of $15 per million USD.
- In the MT4 Classic+ Account (MT4.Classic+), the minimum spread for EUR/USD is 0 pips, gold against the USD is 9 pips, and silver against the USD is 2 pips, with no trading commission.
Deposit and Withdrawal Methods at xChief:
xChief supports a variety of deposit and withdrawal methods, including local bank transfer, credit/debit cards, China UnionPay, Skrill, NETELLER, WebMoney, FasaPay, and Perfect Money. Withdrawing funds via credit/debit card incurs a fee of 2%, via Skrill a fee of 1%, and via NETELLER a fee of 1.9%.
Customer Support at xChief:
xChief offers several contact options for customer support: Phone: +65 31593652; +234 9030795364 Email:
- info@xchief.com
- marketing@xchief.com
- partnership@xchief.com
- asia@xchief.com
- nigeria@xchief.com
Conclusion:
In conclusion, despite xChief providing a variety of trading platforms, a rich selection of products, convenient deposit and withdrawal methods, and comprehensive customer support, potential users should consider the uncertainties related to its corporate background and regulatory situation before partnering with xChief. Investors are advised to conduct appropriate due diligence prior to opening an account and trading, to ensure fund safety and compliance with regulations. Currently, xChief is listed as "Non-Regulation" on TraderKnows.
