Review Is NoviFX A Legit Forex Broker

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ForexChief Review

ForexChief general information


Founded in: 2020 year
Offices in the country: Russia, Singapore, Switzerland
Minimum Deposit: 1 $
Website languages: English, Indonesian, Russian
Execution model: ECN, STP
Deposit currency: USD, EUR, JPY, GBP, CHF, RUB
Support languages: English, Russian
Regulated by: VFSC (Vanuatu) license №14777
Mobile trading: iOS, Android
Types of offered accounts:
Affiliate program: Yes
  • Trading signals
  • Web-based platform
  • Cashback rebate

ForexChief Forex broker description

The main parameters of interest to the user when choosing a trading platform – are reliability, high level of service, convenient functionality, presence of additional features compared with other companies. ForexChief Company.

Key functional features of ForexChief

There’s no point to separately describe wide functional features of MT4 platform. But the ForexChief Company has gone further, providing favorable conditions for beginner traders. Among them are the following conditions of making trade transactions that can be distinguished:

• No limitation of the minimum recharge amount. Begin to replenish the deposit at $ 1, and you can always take advantage of the other broker’s benefits. However, the user may not replenish his deposit at all – such opportunity is given to him by partner and bonus programs, which are described below;

• Use of NDD / STP technology – that is, the broker does not interfere in the performance of financial operations for the withdrawal of funds, which are immediately sent to the interbank;

• Availability of standard and cent accounts;

• Working with minimum transaction of 0.01of a standard lot, including cent accounts – while other companies offer 0,1.

But it’s not all the benefits of ForexChief – the most “delicious” features are offered in the bonus program .

Premiums, bonuses, additional profits: what offers ForexChief

ForexChief broker offers traders working conditions, which are difficult to refuse. Constantly developing services, for users of the portal to be able to start successfully and quickly, ForexChief presents the following advantageous conditions:

• No limitation of the minimum recharge amount. However, the user may not replenish his deposit at all – such opportunity is given to him by partner and bonus programs, which are described below;

• Partner program gives the opportunity to make a profit, by attracting referrals to the trading platform. The user receives his interest of each transaction that they make. To receive these payments, new users need to be registered – they need to enter the site through your referral link;

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• Welcome Bonus $ 20 – a new proposal from the ForexChief company. To receive a welcome bonus of $ 20 all you need to do is register on the site, scan and send a QR-code. The code is located in the user’s private office. In automatic mode, the funds will be transferred to the user’s account, which are sufficient for making the first deals. You do not even need to wait for the verification procedure, as well as to replenish the account – start working on the company’s resources;

• bonuses charged for the turnover allow further account replenishment without engaging own funds- a certain interest of completed transactions will be charged always, regardless of how the transaction will go;

• trade credits provided by the company, make it possible to increase the amount of trade transactions. Broker does not charge any interest, furthermore – the user gets access to funds withdrawals without limitation;

• the lowest spreads among the other forex – brokers – down to 0 points and with a minimum deposit of $ 1;

• transactions copying. If you are not confident in your abilities, but want to consistently make profits and learn the work of professional and the most successful traders, then take the opportunity to copy their trades. A special tab on the MT4 platform allows you to view the ratings and make a copy;

Each user in the near future can expect other surprises in the form of an extension of the bonus program, as well as special offers. The main thing – is to keep a close eye on the news at the portal of Forex – Chief forex-broker. Review Visit site

Was at Other websites of this company include, IGI


IG is a forex broker. IG offers the WebTrader and MT4 trading currency platforms. offer over 100 forex currency pairs, cfds, commodities, stocks, index, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

  • Information
  • Live Discussion
  • Profile
  • Video
  • 13 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 200:1
Minimum to Open Live: $250
Established: 1974
Address: Cannon Bridge House, 25 Dowgate Hill, London, EC4R 2YA, United Kingdom
Contact: [email protected], (44) 207 896 0079
Regional offices:
Regulators: ASIC #AFSL 220440, FSCA #FSP 41393, DFSA #F001780, FCA #195355 / 114059, NFA #0509630
Prohibited countries:




Trading platforms: MT4, IG Web and Mobile Platform, ProRealTime
Web Trading:
Mobile Trading:
Currencies: (105+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (16000+) Gold, Silver, Stocks, Stock Indexes, Bonds, Bond Indexes, Oil, Other Commodities






News Spike Trading:
Deposit Methods: Bank Wire, VISA, MasterCard, PayPal
Withdrawal Methods: Bank Wire, VISA, MasterCard, PayPal

Live discussion

Join live discussion of on our forum profile provided by IG Group, May 13, 2020

The world’s No.1 spread betting and CFD provider*

Our vision
We aim to be a global leader in retail trading and investments. With a strong focus on innovation and technology, we put client needs at the heart of everything we do. This enables us to empower informed, decisive, adventurous people to access opportunities in over 15,000 financial markets.

24-hour support
Our highly trained team is available 24 hours a day from 8am on Sunday until 10pm on Friday, and from 9am to 5pm on Saturday UK time.

Powerful technology
Our intuitive platforms and apps are built for speed and security. We offer a fully customisable award-winning web platform, natively designed mobile and tablet apps, as well as a range of advanced third-party tools.

A global leader in online trading
We are the world-leading provider of contracts for difference (CFDs) and financial spread betting, and the UK’s largest retail forex provider.* We also offer execution-only share dealing, along with fully managed investment portfolios. With over 40 years’ experience behind us, we’re perfectly placed to help you make the most of the markets. *Based on revenue excluding FX (from published financial statements, October 2020). Losses can exceed deposits.

Forex Broker Reviews

Here you can find the links to the reviews of all Forex brokers that are presented on EarnForex. If you are looking for the best broker, reading these reviews will help you do it. All broker reviews are linked from this page. Brokers are sorted according to the number of reviews they have received from traders. Upon visiting the page with the actual reviews of the specific broker, you will be able not only to read the reviews left by other traders, but you will also find the detailed information about this broker, including its rating. You will also be able to submit your own review.

Please keep in mind that the review process is anonymous and that the submitted statements express only opinion of the reviewer. The presented reviews and ratings do not represent our point of view. It is important to note that not all of these reviews are based on the real facts and events.

Things to consider when reading online reviews about retail Forex brokers:

  • A good review is well-detailed and tries to highlight both negative and positive sides of a broker.
  • Some negative reviews might be submitted by the company’s competitors. Even though we have learned to filter those quite well, some are still getting through.
  • Some reviews come from incentivized visitors and are partially or completely fake. Just ask yourself: “Does it read like a person who really traded with this company and wishes to share his or her experience?”
  • Official representatives of many brokers often respond to issues mentioned in the reviews and help to resolve them. Such cases might turn useful if you are not sure whether that broker is a good choice for you.

Forex broker reviews are a great source of information when selecting a company to open a trading account with. However, they are not always fair and unbiased. You should look at other characteristics of the broker before deciding on opening a live account.

Forex Brokers Lab






Commissions and fees

Customer Service

Platform & Tools

Product Portfolio

  • Rich cryptos options

  • Unregulated broker
  • Payment methods are limited
  • Account types are limited

Regulators : No

Minimum Deposit: $10

Maximum Leverage: 1:500

Spreads: Medium

My Score: 5.2

JAFX is a forex broker we have heard often in recent times. Particularly in the period when crypto money has risen, especially bitcoin, it has gained a great advantage. Because unlike many forex brokers, JAFX broker offers advanced services for cryptocurrencies trading. Even so many forex brokers currently offering cryptocurrencies trading were not offering this service. But in such an atmosphere, the multitude of cryptocurrencies offered by JAFX brought itself ahead.

Under normal circumstances, investors traded in crypto money exchanges such as Binance, Poloniex. However, there is no gain from falling prices by entering a sell order here. In addition, investors were not able to take advantage of leverage. Later brokers that provided services to meet this demand of investors had a significant advantage. Traders were able to trade both bitcoin with leverage and also profit from falling bitcoin prices. This review is like a bitcoin forex broker review also.

One of the brokers who can follow these developments and evaluate them well is JAFX forex broker. At present JAFX’s official website,, has about 500 thousand monthly visits. I can say that it is a good number for a broker established in 2020. I think this is a success among brokers like JAFX. We will see in this JAFX review 2020 how JAFX made this. You cannot find this detailed informations from other JAFX reviews.

Is JAFX scam or legit? Is JAFX a good broker? Which cryptocurrencies does JAFX offer for trading? What are the trading conditions such as minimum deposit, maximum leverage and JAFX spreads? Is it an advantage to open an account and trade with JAFX? In this JAFX broker review, you will find the answer to all these questions.


Is JAFX a regulated broker? Can we say JAFX scam? The biggest problem with JAFX is regulation because it is one of the unregulated brokers. It means there is no JAFX regulation. They are clearly indicated on the official website in the FAQ section. They also state that the process of obtaining licenses is a very long process and that they are in the process of approval.

Trading with an unregulated broker is a very risky situation. However, some investors are taking this risk because of the advantages offered by brokers. When the broker is unregulated it naturally has to offer more competitive offers.

Remember that there is no legal authority to complain when you open an account with unregulated brokers and you encounter a problem when trading. At the same time, the company does not have a membership of compensation scheme to guarantee clients’ funds in the event of a bankruptcy. Investors trading in FCA and CySEC-regulated brokers have such an advantage.

On the forex forums, it is possible to find both positive and negative comments about JAFX. I did the funding for about $ 500. After about 40 days, I wanted to withdraw the profit I got. I was able to withdraw my money within 2 days without any problems. However, I would recommend that you have not risk too much and review the comments in the forums by history.

Account Types & Spreads Offered by JAFX

The account type offered by JAFX is only standard account type. Account types such as Cent account, ECN account are not available. Many forex brokers are trying to offer the appropriate account type for each investor type. In this way, these brokers offer several different types of accounts. However, I can say that I find JAFX unsuccessful in this criterion.

Account Type Minimum Deposit Maximum Leverage Spreads
Standard $250 1:500 0.6 pips + $4 per lot, round turn

Despite all of this, we see that the standard account features offered are successful and competitive. If we look at this type of account in terms of spreads, 0.6 pips on EURUSD. Besides this, 4 dollars commission charge per lot as round turn. The maximum leverage is 1: 500 and the minimum deposit is $ 10. JAFX minimum deposit limit is lower than the average of the forex industry which is $ 100. If you want to see a list of reputable brokers with low minimum deposit, click the button below. Micro lots are available so you have 0.01 minimum trade size.

There is also a swap-free account option called Islamic account for Muslim investors who do not want to earn or pay interest due to religious reasons.

The biggest reason why JAFX is so preferred by traders is the variety of cryptocurrencies offered for trading. JAFX offers 16 cryptos such as bitcoin, ethereum, litecoin, dash, ripple and more than 30 crypto-pairs. All popular cryptos available for trading.

Trading Platforms

As many of other brokers, JAFX also offers MT4 platform. The platform is the most popular platform for many years. You can trade as desktop, web and mobile on JAFX MT4. The platform has many functions, offers MAM (Multi Account Manager) and has a wide range of technical analysis.

Customer Services

Besides all these, the negative feature is the quality of the customer service. They have a really bad customer service and they do not want to answer when you ask a question. For example; I asked a simple question and customer representative could answer me with one word. But instead of responding, he told me that he could open a ticket and direct me to the relevant department. But what I want is just a simple answer. This process is very slow when I try to communicate via live chat. Because there are not enough employees.

Deposit & Withdrawal Methods of JAFX

Methods Fees on Deposit Processsing Time on Deposit Fees on Withdrawal Processsing Time on Withdrawal
Credit/Debit Card No fees Instant No fees Between 24-48 business hours
redit/Debit Card via vLOAD 3.5% Instant No fees Between 24-48 business hours
Wire Transfer No fees Up to 7 days $25 Between 24-48 business hours
Bitcoin 0% + 0.0005 BTC Network Fee Dependent upon blockchain No fees Between 24-48 business hours
Skrill 3.9% + 35ct Instant 1% Between 24-48 business hours

Let’s look JAFX withdrawal review. JAFX deposit / withdrwal methods are very limited. The fastest method you can use the credit card. JAFX bitcoin deposit / withdrawal method is avaliable. However, you can use only Skrill from the popular e-wallet systems. It is a disadvantage to does not have PayPal. Clients have some JAFX withdrwal issues when I search on the internet. If you also have you can write comment section below.

When I look the FAQ about JAFX fees, the broker charges an inactivity fee of $10 for clients with a non-zero balance which have not traded in the past 30 days.


JAFX is an unregulated broker. The forex broker focuses on cryptos. The trading conditions are lower when we compare the other brokers who regulated. Be careful if you want to trade with this broker.

Best Binary Options Brokers 2020:
  • Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo

    Good Broker For Experienced Traders!

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