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6.94/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $10
Trading platform:
  • MT4
  • MT5
  • ForexChief Mobile
Regulation:
  • ASIC
  • MISA
Foundation date:
  • 2008
756
users picked this broker in 3 months
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Our Evaluation of xChief

6.94/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

xChief is a moderate-risk broker with the TU Overall Score of 6.94 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by xChief clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

The xChief (ForexChief) broker will be interesting for traders who want to focus on contract trading. It provides a wide range of instruments, including cryptocurrency, as well as alternative income-earning methods that do not require you to trade yourself. You can participate in affiliate programs or invest assets in automated copy trading. Such nuances make the company’s conditions attractive even for inexperienced traders.

xChief (ForexChief) has been rebranded to xChief!

Brief Look at xChief

xChief (ForexChief) is an all-inclusive online platform for margin trading in currency contracts and precious metals. The STP/NDD (straight-through processing/no dealing desk) model is the technical basis of the broker’s operation. Such a solution excludes conflicts of interest between the company and its clients and significantly improves the quality of services. It allows the company to offer competitive trading conditions due to tight spreads and fast execution of orders. The broker pays special attention to the steady operation of the platform and software provided to its traders.
xChief (ForexChief) operates under a dealer in securities license issued by the ASIC (Australian Securities and Investments Commission, AFSR no. 001312104) and MISA (Mwali International Services Authority in the Island of Mwali, reg.number HY00923433 and license number T2023379).

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Advantages of trading with xChief:
  • high-security level;
  • favorable trading conditions, bonuses, and affiliate programs.
Disadvantages of xChief:
  • support service only works 24/5;
  • few features for passive trading;
  • no trading credits (analog of bonus for depositing) on МТ5;

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

xChief (ForexChief) offers a range of trading services, including margin trading currency contracts, precious metals, and cryptocurrencies, with MT4, MT5, and a mobile app. The broker provides advantageous trading conditions through tight spreads from 0 pips, a minimum deposit of $10, and leverage up to 1:1000. Additional benefits include the availability of PAMM accounts, copy trading, and bonus programs, making it appealing for traders focusing on a mix of active and passive trading strategies.

However, xChief faces disadvantages, including its regulatory status with MISA, which may not appeal to traders requiring Tier-1 regulation. Client support is limited to 24/5. Moreover, the asset selection is somewhat limited compared to other brokers. Overall, xChief could be suitable for both novice and experienced traders who prioritize diverse trading instruments and flexible conditions, but may not meet the needs of those focused on top-tier regulation or extensive passive investment options.

Trade with this broker, if:
  • Tight spreads and commission structures suit your trading preferences. xChief (ForexChief) offers STP/ECN execution with competitive spreads and a choice of account types featuring different commission structures, providing flexibility based on your trading style.
  • Copy trading interests you. xChief (ForexChief) offers a copy trading function, enabling you to follow experienced traders and potentially benefit from their expertise.
Do not trade with this broker, if:
  • Top-tier regulation is your top priority. xChief's regulation status might not meet the standards of all traders who prefer oversight from major financial authorities
  • Limited asset selection is a concern. xChief (ForexChief) primarily focuses on forex and CFDs, offering a smaller selection of other assets compared to some competitors.

xChief Trading Conditions

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: MT4, МТ5, and xChief Mobile
📊 Accounts: MT4/5.DirectFX
MT4/5.Classic+
Cent-MT4/5.DirectFX
Cent-MT4/5.Classic+
💰 Account currency: USD, CHF, GBP, EUR, JPY, and RUB
💵 Deposit / Withdrawal: Bank transfers and cards, electronic payment systems, BTC, ETH, XRP, LTC, USDT (BEP20, ERC20,Trc20), USDC(ERC20, BEP20).
🚀 Minimum deposit: $10
⚖️ Leverage: 1:1000
💼 PAMM-accounts: Yes
📈️ Min Order: 0.01 lots
💱 EUR/USD spread: 0,4 pips
🔧 Instruments: 60+ currency pairs, metals, energy products, stock indices, and cryptocurrencies
💹 Margin Call / Stop Out: 30% / 30%
🏛 Liquidity provider: xChief (ForexChief) liquidity aggregator
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market
⭐ Trading features: Cryptocurrency trading; Scalping; Trading with advisors; The swap-free service (not for cent accounts).
🎁 Contests and bonuses: Yes

The xChief (ForexChief) brokerage company offers beneficial trading terms: trade volume starts at 0.01 lots, the minimum deposit is $10, and spreads are from 0 pips.

xChief Key Parameters Evaluation

User Satisfaction i

Score:
3.9/10

Share your experience

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Gemini59
1 year ago

I advise avoiding interaction with this unscrupulous company. In 2020, I came across ForexChief's advertisement online and decided to give it a try. Starting with a demo account, I had a positive experience and decided to open a real account, depositing $300. Over three weeks, I earned $69 and attempted to withdraw the profit. However, my withdrawal request was rejected, stating that during the verification process, my documents were of low quality, and I needed to repeat the procedure. I successfully completed the verification, but for unclear reasons, my account was blocked. Consequently, I lost my money with ForexChief.

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elsonsantosfsa23
7 weeks ago

Trading with xChief seemed convenient due to the low minimum deposit of just $10 and a wide selection of trading instruments: over 60 currency pairs, metals, indices, and cryptocurrencies. The spread on EUR/USD starts from 0.4 pips, and leverage goes up to 1:1000, which allows for various trading strategies. On the plus side, there are PAMM accounts, copy trading, and well-developed partnership programs. However, xChief’s regulation is not top-tier — the broker is overseen by MISA (Comoros), which is Tier-3. Also, customer support operates 24/5, and passive investment services are limited.

Responses to a comment
naola6456 to elsonsantosfsa23
2 weeks ago

This review accurately highlights the broker’s main strength — accessibility for traders with a small starting capital. A wide range of instruments, along with the availability of PAMM accounts and copy trading, expands opportunities for different categories of users. At the same time, it’s important to consider the level of regulation and the 24/5 support schedule, as well as the limited selection of passive investment products, which may not be ideal for everyone.

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cashturtle500
20 weeks ago

One of the main advantages of the xChief broker is its high level of security. Here, you don't have to worry about your funds and personal data, as protection is of a decent standard. The platform operates stably, without failures, and transactions take place without unnecessary delay. However, if we're talking about passive earning opportunities, they're clearly not enough here. There are no developed investment programs, copy-trading or other tools that would allow you to make profits without active participation. Of course, there are enough conditions for those who prefer independent trading, but if you're looking for something for passive income, you'll have to consider other options. For the rest, the broker leaves a good impression.

L'un des principaux avantages du courtier xChief est son haut niveau de sécurité. Ici, vous n'avez pas à vous inquiéter pour vos fonds et vos données personnelles, car la protection est d'un niveau décent. La plateforme fonctionne de manière stable, sans défaillance, et les transactions s'effectuent sans retard inutile. Cela prouve que le courtier prend vraiment au sérieux la sécurité de ses clients.
Cependant, si nous parlons de possibilités de gains passifs, elles ne sont manifestement pas suffisantes ici. Il n'y a pas de programmes d'investissement développés, de copy-trading ou d'autres outils qui vous permettraient de faire des bénéfices sans participation active. Bien sûr, il y a suffisamment de conditions pour ceux qui préfèrent le trading indépendant, mais si vous cherchez quelque chose pour un revenu passif, vous devrez envisager d'autres options. Pour le reste, le courtier laisse une bonne impression.

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Fuxono
22 weeks ago

The forexchief broker offers very favorable trading conditions, bonus programs and particularly pleasant affiliate offers. This can be a great help both to active traders and to those who want to earn extra money through an affiliate program. In general, conditions are flexible and it's a pleasure to work here, but there is one thing that is a little disappointing - the lack of trading credits (deposit bonuses) on the MT5 platform. It would be great to have such an opportunity, as many traders use this platform. There are bonuses on MT4, but MT5 users have no additional benefit. If the broker adds such an option in the future, conditions will become even more attractive. Otherwise, the platform operates stably, spreads are adequate and security is at a high level.

Le courtier forexchief offre des conditions de trading très favorables, des programmes de bonus et des offres d'affiliation particulièrement agréables. Cela peut être d'une grande aide à la fois pour les traders actifs et pour ceux qui veulent gagner de l'argent supplémentaire par le biais d'un programme d'affiliation. En général, les conditions sont flexibles et il est agréable de travailler ici.
Mais il y a une chose qui est un peu décevante - l'absence de crédits de trading (bonus de dépôt) sur la plateforme MT5. Ce serait formidable de pouvoir bénéficier d'une telle opportunité, car de nombreux traders utilisent cette plateforme. Il y a des bonus sur MT4, mais les utilisateurs de MT5 n'ont pas d'avantage supplémentaire. Si le courtier ajoute une telle option à l'avenir, les conditions deviendront encore plus attrayantes. Sinon, la plateforme fonctionne de manière stable, les spreads sont adéquats et la sécurité est à un niveau élevé.

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Jesus
49 weeks ago
Location CO Santa Marta

Hi I have a question what is the market data provider, if someone can help me with this I would be very grateful.

Hola tengo una duda cual es el proveedor de datos de mercado, si alguien me puede ayudar con esto estaría muy agradecido

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ronie
1 year ago

I can recommend ForexChief for those who are interested in trading. The broker is normal and I personally have been trading on this platform for two years now and have not encountered any serious problems. The platform works stably and there are practically no failures. Spreads here are average, but not overpriced. The fee on some accounts may be slightly higher, but this is not a significant drawback.

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riyarathore123
1 year ago

If you don’t change your broker, problems will prevent you from proper trading. I left ForexChief almost a year ago and opened an account with another company. I will say that it is even impossible to compare. At ForexChief trades are triggered by a quote that differs from the required one by 5-10 pips, and here everything works exactly. Therefore, I recommend changing your broker before it’s too late.

Responses to a comment
xChief representative to riyarathore123
1 year ago

Hello. I am a representative of xChief. Dear riyarathore123, could you please provide any evidence that you are a genuine customer of our company? Your review appears to be more of a fake, as the content does not align with the truth. We are keen on addressing this matter and are ready to discuss any queries or issues you may have, but we require more detailed information about your experience with our company. Thank you for your understanding.

Score:
5.78/10

Trading Account Opening

It is very easy to become a client of xChief (ForexChief).

1

To log in to your xChief (ForexChief) user account, you just have to click the corresponding button:

xChief’s review: User account
xChief’s review: User account
xChief’s review: User account
xChief’s review: User account
2

Enter your email and password:

xChief’s review: Logging in
xChief’s review: Logging in
xChief’s review: Logging in
xChief’s review: Logging in
3

If you don’t have an account, click “Open a Live Account” and fill out the registration form that requests personal information. You will also need to get verified.

ForexChief’s review: Registration
ForexChief’s review: Registration
ForexChief’s review: Registration
ForexChief’s review: Registration
4

After registration and logging in, you can make a deposit into your account, as well as download and open the МТ4/МТ5 platform.

5

In your user account, you can select trading instruments, use the broker’s bonuses, and deposit/withdraw funds.

Your xChief (ForexChief) user account also provides access to:

  • latest analytical data;

  • statistics on trading with ATS (alternative trading systems);

  • statistics on effectiveness and income from affiliate programs;

  • educational content;

  • history of trading transactions and deposits/withdrawals;

  • current quotations;

  • support service that offers professional advice.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
4.7/10

Regulation and safety

xChief has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Is regulated
  • Negative balance protection
  • Track record over 17 years
Disadvantages
  • Not tier-1 regulated

xChief Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
MISA (Mwali) Mwali International Services Authority The Comoros No specific fund Tier-3

xChief Security Factors

Foundation date 2008
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
5/10

Commissions and fees

The trading and non-trading commissions of broker xChief have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Tight EUR/USD market spread
  • No inactivity fee
Disadvantages
  • Above-average Forex trading fees
  • Deposit fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of xChief with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, xChief’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

xChief Standard spreads

xChief Pepperstone OANDA
EUR/USD min, pips 0,1 0,5 0,1
EUR/USD max, pips 0,8 1,5 0,5
GPB/USD min, pips 0,1 0,4 0,1
GPB/USD max, pips 1,0 1,4 0,5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

xChief RAW/ECN spreads

xChief Pepperstone OANDA
Commission ($ per lot) 3 3 3,5
EUR/USD avg spread 0,4 0,1 0,15
GBP/USD avg spread 0,4 0,15 0,2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with xChief. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

xChief Non-Trading Fees

xChief Pepperstone OANDA
Deposit fee, % 0-9 0 0
Withdrawal fee, % 0-2 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
6.43/10

Account types

xChief (ForexChief) offers several account types from which to choose. Deposits can be made in USD, CHF, GBP, EUR, JPY, and RUB. Regardless of the selected account type, the minimum deposit is 50 USD or the equivalent amount in another currency.

The maximum leverage is 1:1000 for MT4 and 1:400 for MT5. Requotes are absent, irrespective of the account type. MT4 offers a hedging accounting system and MT5 offers a hedging or netting accounting system for all account types. It should be noted that trading credits (analog of bonus for depositing) are available on МТ4, but not on MT5.

Account types:

Account Type
Description
DirectFX
Here, spreads are from 0 pips; $15 fee for withdrawing $1 million; the minimum order volume is 0.01 lots; swap-free is available; the total maximum volume of open orders (in lots) is unlimited; and the maximum order volume is 100 lots. You can place no more than 500 orders;
MT4.Classic+
is identical to DirectFX by almost all parameters. The minimum spread, however, is 0.3 pips and there is no $15 fee on withdrawing $1 million;
Cent.DirectFX
is the same as DirectFX, only it’s a cent account. The maximum number of open cent orders is 1,000 lots and the maximum order volume is 100 lots;
Cent_DirectFX+
is a cent analog of the Classic+ account.

With xChief (ForexChief), you can trade on the classic MetaTrader 4 and MetaTrader 5 platforms, as well as mobile platforms. Before opening a live account, you should test your trading strategy by using a demo account that doesn’t require making deposits. After that, the broker advises opening a cent account so as not to risk large amounts of money.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
6.2/10

Deposit and withdrawal

xChief received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

xChief provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Advantages
  • USDT (Tether) supported
  • BTC available as a base account currency
  • Low minimum withdrawal requirement
  • Minimum deposit below industry average
Disadvantages
  • Wise not supported
  • Withdrawal fee applies
  • Limited deposit and withdrawal flexibility, leading to higher costs

What are xChief deposit and withdrawal options?

xChief provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.

xChief Deposit and Withdrawal Methods vs Competitors

xChief Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC Yes No No

What are xChief base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. xChief supports the following base account currencies:

What are xChief's minimum deposit and withdrawal amounts?

The minimum deposit on xChief is $0, while the minimum withdrawal amount is $30. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact xChief’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
5.75/10

Markets and tradable assets

xChief offers a limited selection of trading assets compared to the market average. The platform supports 150 assets in total, including 40 Forex pairs.

Advantages
  • Indices trading
  • 40 supported currency pairs
  • Crypto trading
Disadvantages
  • Bonds not available
  • No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by xChief with its competitors, making it easier for you to find the perfect fit.

ForexChief Plus500 Pepperstone
Currency pairs 40 60 90
Total tradable assets 150 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products xChief offers for beginner traders and investors who prefer not to engage in active trading.

ForexChief Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading Yes No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles.
7.65/10

Trading platforms & tools

xChief received a score of 7.65/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.

Advantages
  • MetaTrader is available
  • One-click trading
  • Free VPS for uninterrupted trading
  • Trading bots (EAs) allowed
Disadvantages
  • No access to a proprietary platform
  • No access to cTrader and its advanced tools.
  • Strategy (EA) Builder is not available

Supported trading platforms

xChief supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared xChief’s platform availability with that of top competitors to assess its relative market position.

ForexChief Plus500 Pepperstone
MT4 Yes No Yes
MT5 Yes No Yes
cTrader No No Yes
TradingView No Yes Yes
Proprietary platform No Yes Yes
NinjaTrader No No No
WebTrader No Yes Yes

Key xChief’s trading platform features

We also evaluated whether xChief offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features

2FA Yes
Alerts Yes
Trading bots (EAs) Yes
One-click trading Yes
Scalping Yes
Supported indicators 68
Tradable assets 150

Additional trading tools

xChief offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

xChief trading tools vs competitors

ForexChief Plus500 Pepperstone
Trading Central Yes No No
API No No Yes
Free VPS Yes No Yes
Strategy (EA) builder No No Yes
Autochartist Yes No Yes
Score:
This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones.
8/10

Mobile apps

xChief supports mobile trading, offering dedicated apps for both iOS and Android. xChief received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.

Advantages
  • Strong Android user ratings, currently at 4.8/5
  • Mobile alerts supported
  • Indicators supported
Disadvantages
  • Fewer charting tools

We compared xChief with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

ForexChief (xChief ) Plus500 Pepperstone
Total downloads 100,000 10,000,000 100,000
App Store score 4.7 4.7 4.0
Google Play score 4.8 4.4 4.0
Mob. 2FA Yes Yes Yes
Mob. Indicators Yes Yes Yes
Mob. Alerts Yes Yes Yes
Score:
6.65/10

Education

Information

On the xChief (ForexChief) website, there is a Library section, where every trader can find a lot of useful information.

Information contained in the Library section
What you cannot find on the xChief (ForexChief) website
Schedule of trading sessions
Articles with detailed consideration of every question
Trading indicators
 
Trading strategies
 
Trader’s first steps
 
Articles about trading
 

When proceeding from theory to practice, you should not open a real trading account at once. Specialists recommend practicing on a demo account that doesn’t require funding. After assessing your abilities in training sessions, you can move on to trading in real accounts. Experts advise using economic calendars, news, and market reviews when analyzing markets.

Score:
5.48/10

Customer support

Information

Support service is ready to answer clients’ questions and help traders around the clock 5 days a week.

Advantages

  • Multiple contact options
  • Multi-language support
  • Website section with answers to frequently asked questions

Disadvantages

  • Insufficient FAQs section

Support can be contacted in several ways:

  • email;

  • online chat;

  • messengers at: Facebook, Viber, Skype, Whatsapp, VKontakte, and Telegram;

  • feedback form.

Support is available on the xChief (ForexChief) website and in user accounts.

Contacts

Foundation date 2008
Registration address Suit 32-10, ParkLane Tower, Business Bay, Dubai, UAE
Regulation ASIC, MISA Licence number:
AFSR no. 001312104, T2023379
Official site https://www.xchief.com/
Contacts
+971 31593652

Comparison of xChief with other Brokers

xChief Eightcap XM Group RoboForex Markets4you NPBFX
Trading
platform
ForexChief Mobile, MT4, MT5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MobileTrading, MT5 MT4
Min deposit $10 $100 $5 $10 No $10
Leverage From 1:1
to 1:1000
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:10
to 1:4000
From 1:200
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No 10.00% No No
Spread From 0 points From 0 points From 0.8 points From 0 points From 0.1 points From 0.4 points
Level of margin call
/ stop out
30%  /  30% 80%  /  50% 100%  /  50% 60%  /  40% 100%  /  20% No  /  30%
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Instant Execution, Market Execution
No deposit bonus $100 No No No No No
Cent accounts Yes No No Yes Yes No

Detailed review of xChief (ForexChief)

xChief (ForexChief) provides services in compliance with the requirements of ASIC and MISA, which is the broker’s regulators. It is an all-inclusive online platform that offers margin trading in currency contracts, precious metals, and other assets.

The technical infrastructure is based on the STP/NDD model, which excludes conflicts of interest between the broker and its clients. This model also promotes the improvement of performance through the fast execution of orders and the minimization of spreads.

Institutional clients also provide services for the STP gateway integrated with МТ4. This allows traders to get liquidity in standard trading accounts.

The liquidity aggregation technology and its administration system ensures the stable operation of the platform and its ability to cope even with an unusually high workload. It becomes especially helpful during peak activity for traders to use news during trading and similar activities.

The xChief (ForexChief) broker is suitable for both novice and experienced traders.

xChief (ForexChief) stands out from its competitors due to its features and unusual technological solutions. The broker’s reliability is confirmed by a proper license.

The company provides primary analytical tools and relevant information that allows users to improve trading effectiveness considerably. The high quality of informational and educational content is also worth noting.

Apart from a demo account, you can choose from 4 live account types, including cent accounts. It lets you find the most convenient and favorable option. The minimum deposit is 50 USD.

The company is suitable for those who want to apply various strategies such as automated trading with advisors, scalping, copy trading, news trading, etc. xChief (ForexChief) is also convenient for long-term and mid-term strategies because you can set up the Islamic account option in classic accounts. In this case, fees for keeping positions open overnight will not be charged. The broker is characterized by quick execution of market orders.

Clients can use the MetaTrader 4 and 5 platforms and their mobile versions for Android and iOS. It is possible to trade using different accounts at the same time.

xChief’s (ForexChief) analytical services:

  • analytical reviews;

  • economic articles;

  • quotation charts;

  • interest rates;

  • trader’s calculator.

Advantages:

1

good liquidity;

2

favorable trading conditions: 4 live account types + a demo account;

3

tight spreads from 0 pips;

4

wide variety of trading instruments like stocks, cryptocurrency, currency pairs, futures, etc.;

5

the extensive educational section helps users acquire and improve trading skills;

6

protection from negative balance;

7

trading with advisors and copy trading allows clients to use all advantages of automated trading;

8

risk reduction through hedging;

9

scalping.

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