ForexChief vs Amega

ForexChief vs Amega Comparison Table 2023
ForexChief Review 2023	Amega Review 2023
Review 3.3 ForexChief is #5 in our CFD broker rankings.	Review 3
Traders from US accepted	Traders from US not accepted See available CFD brokers
ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.	Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.
Bonus Offer
$100 No Deposit Bonus
Comment by Reviewer
"ForexChief will prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The large welcome bonus and low starting deposit will also appeal to new traders."	"Amega is a good option for traders seeking commission-free CFDs with tight spreads on the MT5 platform. We also rate the fast execution speeds of 0.1s which will appeal to active day traders."
Pros
High leverage up to 1:1000 is available A welcome deposit bonus is offered to new users The low minimum deposit of $10 will appeal to beginners 8 account types to suit different strategies and requirements Full range of investments including popular cryptos STP/ECN execution with low spreads from 0.0 pips Turnover rebates for active traders Copy trading solution with signals MT4 and MT5 integration Low margin rates	Flexible payment options include crypto and international banking options Competitive commission-free trading with spreads from 0.8 Full range of investments including cryptocurrencies Low minimum deposit for beginners at $20 Swap-free Islamic trading profiles available Free demo account
Cons
Weak regulatory oversight Limited market research Withdrawal fees on several payment methods	The broker is not regulated by a trusted financial authority Only one platform is available with limited educational materials No MetaTrader 4 integration Copy trading not available Costly withdrawal fees
Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices	CFDs, Forex, Shares, Indices, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$20
Trading Platforms
MT4 MT5	MT5
Payment Methods
ADVcash Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Neteller Perfect Money Skrill UnionPay WebMoney Wire Transfer	Bitcoin Payments Perfect Money Sticpay Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
VFSC
Margin Trading
Yes	Yes
Margin Rate
0.1%
STP Account
Yes	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions. You can start copy trading in a few easy steps.
Social Trading
No	No
Trade Signals
Yes	MT5
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
	$5
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP JPY CHF	USD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500	Australian Securities Exchange DAX GER 40 Index FTSE UK Index S&P 500
Commodities
Gold Natural Gas Oil Silver	Cocoa Coffee Corn Gasoline Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. A clear pricing schedule is available to clients with no hidden charges. Traders can also access very high leverage up to 1:1000.	Trade CFDs on 100+ instruments from popular asset classes. Leverage up to 1:200 is available on precious metals, while stocks, indices and energies can access 1:20 max leverage and 1:10 for commodities. On the negative side, the depth of assets is limited vs other CFD brokers.
Leverage
1:1000	1:1000
FTSE Spread
70	From 0.8 pips
GBPUSD Spread
0.9	From 0.8 pips
Oil Spread
12	From 0.8 pips
Stocks Spread
50	From 0.8 pips
Forex Trading
ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on the leading MT4 and MT5 platforms. Spreads are tight starting from zero and there are no dealers or requotes.	Trade 70+ major, minor and exotic forex pair CFDs with up to 1:1000 leverage, no commission fees and competitive spreads from 0.8 pips. FX trades can also be executed via the reliable and fast MetaTrader 5 software.
GBPUSD Spread
0.9	From 0.8 pips
EURUSD Spread
0.4	From 0.8 pips
EURGBP Spread
0.9	From 0.8 pips
Assets
40	70+
Cryptocurrency
ForexChief supports crypto trading with five major digital currencies paired against the US dollar. Traders can bet on rising and falling prices with leveraged CFDs and market-leading trading software.	Trade popular digital tokens against fiat currencies. Go long or short on Bitcoin and get 24/7 instant cashback when you trade in high volumes. However, traders looking for low-cap tokens should look at alternative brokers.
Spread
Variable	From 0.8 pips
Coins
BTC BCH ETH LTC XRP	BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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