ForexChief vs Avatrade

ForexChief vs Avatrade Comparison Table 2022
ForexChief Avatrade
Not Yet Rated
United States Flag Traders from US accepted
4.9
United States Flag Traders from US not accepted
ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms. Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
Awards
Best Overall Broker 2022 - DayTrading.com
Best Trading App 2021 - DayTrading.com
Best Forex Broker 2019 - DayTrading.com
Promotions

AvaTrade Offers Education Pack With New Accounts

Bonus
$100 no deposit None
Instruments
Stocks, CFD, Forex, Crypto Stocks, Options, CFD, Forex, Crypto, Volatility Index
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Payment Methods
Bitcoin Payments, Credit Card, Debit Card, Neteller, Perfect Money, Skrill, UnionPay, Webmoney, Wire Transfer Bitcoin Payments, Credit Card, Debit Card, FasaPay, JCB Card, Mastercard, MoneyGram, Perfect Money, Skrill, Swift, Webmoney, Western Union, Wire Transfer
Minimum Trade
0.01 lots $1
Regulator
VFSC CBoI, ASIC, FSB, ESMA
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
Yes 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 Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS and Android
Auto Trading
Yes Avatrader make auto trading easy with API integration into numerous platforms including MetaTrader4, Duplitrade and MQL5
Trade Signals
Yes -
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No Yes
Copy Trading
Yes Yes
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, JPY, CHF USD, EUR, GBP, CAD, AUD
CFD
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:1,000 1:400
FTSE Spread
80 0.5 pt
GBPUSD Spread
0.9 1.0 var
Oil Spread
12 0.02
Stocks Spread
50 0.13 Abv Market
Forex
ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5. Avatrade offer 50+ currency pairs and their spreads are some of the best among any broker. They are regulated across 5 continents.
GBPUSD Spread
0.9 1.0 var
EURUSD Spread
0.4 0.7 var
EURGBP Spread
0.9 1.7 var
Assets
40 40+
Cryptocurrency
ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar. Regulated in 5 continents, Avatrade offer a very secure way to access Crypto markets. They offer a great range of Crypto, very tight spreads, and 1:2 leverage. [Not available in Canada]
Spread
Variable BTC 1% ETH 2%
Coins
BTC, BCH, ETH, LTC, XRP BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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