CLMarkets vs ForexChief

CLMarkets vs ForexChief Comparison Table 2023
CLMarkets ForexChief
WINNER
ForexChief is the better broker
Not Yet Rated
3.3

ForexChief is #6 in our CFD broker rankings.

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CLMarkets is a CFD and forex broker offering 100+ instruments on the MetaTrader 4 platform and trading app. Day traders also benefit from copy trading via DupliTrade and educational materials through Trader's Edge.

ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.

Pros
  • Full range of investments
  • MetaTrader 4 integration
  • Good execution speed
  • Low minimum deposit
  • Demo account
  • Copy trading
Cons
  • Weak regulation
Bonus
$100 no deposit
Instruments
Stocks, CFD, Forex, Crypto Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
SVGFSA VFSC
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
Yes No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Andriod iOS & Android
Auto Trading
EAs (MT4) Yes
Copy Trading
Yes Yes
Copy Trading Platform
Copy the trades of expert investors via the DupliTrade terminal. Choose from a range of strategies and find a trading system that aligns with your risk tolerance.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
CLMarkets offers competitive trading conditions on a range of contracts for difference. ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:500 1:1,000
FTSE Spread
2.7 pips av 80
GBPUSD Spread<
N/A 0.9
Oil Spread
0.3 pips av 12
Stocks Spread
Variable 50
Forex Trading
Trade 50+ major, minor and exotic currency pairs with flexible leverage and floating spreads from 0.0 pips. ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5.
GBPUSD Spread
N/A 0.9
EURUSD Spread
0.4 pips av 0.4
EURGBP Spread
0.9 pips av 0.9
Assets
54 40
Cryptocurrency
Invest in seven popular digital currency coins with USD crosses. ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
Variable Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • DSH
  • ETC
  • BCH
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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