xChief: A Closer Look at Its Licenses

In the global forex market, broker licensing and operational transparency are key points of reference for traders conducting due diligence. Platforms such as WikiFX aim to provide insights by reviewing a brokers regulatory status and license details. This article outlines the information available regarding xChief, based on regulatory records and published data.

xChief currently holds two licenses from different jurisdictions. The first is an Appointed Representative (AR) license under the Australian Securities and Investments Commission (ASIC), with license number 001312104. ASIC is an independent government body in Australia that oversees financial services, including brokers and investment firms. An Appointed Representative license allows a firm to operate under the license of a principal entity that is directly regulated by ASIC. This setup places the AR under the compliance supervision of the licensed principal, following the standards established by Australian financial law.

The second license is issued by the Mwali International Services Authority (MISA), the financial regulatory body of Mohéli (Mwali), an autonomous island in the Union of the Comoros. xChief holds a Retail Forex License under license number T2023379. MISA was established under the Mwali Services Law and is responsible for the registration and regulation of financial entities within its jurisdiction.

According to public records and WikiFX data, both licenses are currently listed as regulated. The licensing structure reflects a combination of supervisory models—one associated with a major regulatory body via representative affiliation, and another under an international offshore authority.

xChief operates under a dual-licensing arrangement, with registration in both Australia (through an Appointed Representative model under ASIC) and the Mwali International Services Authority. Both licenses are publicly listed as regulated. Traders reviewing xChief may consider these factors along with other relevant information, such as platform functionality, user feedback, and operational history when making decisions.

WikiFX strives to continuously provide information that supports transparency in the forex brokerage space. Licensing information serves as one aspect of broker evaluation and can be used in combination with other due diligence tools.