ForexChief vs CMTrading
ForexChief | CMTrading |
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3.3
ForexChief is #8 in our CFD broker rankings. |
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3.5
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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. |
CMTrading is one of South Africa's leading online day trading brokers, offering trades with leverage up to 1:1000 on the MetaTrader 4 and browser-based Sirix platforms as well as a bespoke copy trading service. The brokerage launched in 2012 and holds a license with South Africa’s Financial Sector Conduct Authority (FSCA). |
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." | "CMTrading is a great choice for traders based in South Africa looking to access highly leveraged forex and CFDs, plus copy trading tools and short-term signals." |
Pros | |
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Cons | |
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Instruments | |
CFDs, Forex, Metals, Commodities, Stocks, Indices | Forex, CFDs, Indices, Shares, Energies, Metals, Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
VFSC | FSCA, FSA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
0.1% | |
STP Account | |
Yes | No |
ECN Account | |
No | Yes |
DMA Account | |
No | Yes |
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 | No |
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 | Yes |
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. | The broker's Copykat solution lets clients watch, copy and replicate the success of others traders. Clients can start mirroring positions once they have opened an account with a $250 minimum payment. |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | 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 | |
$15 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
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 forex, shares, indices, energies, metals and cryptocurrencies with variable leverage up to 1:200 and floating spreads. Traders can use the popular MetaTrader 4 platform or try the user-friendly, web-based Sirix, which also delivers real-time trading tips and detailed market forecasts. |
Leverage | |
1:1000 | 1:200 |
FTSE Spread | |
70 | 35 |
GBPUSD Spread | |
0.9 | 2.6 |
Oil Spread | |
12 | 6 |
Stocks Spread | |
50 | 0.1 |
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 50 forex pairs with floating spreads starting from 2+ pips on the regular account through to a minimum of 0.9 pips on premium ECN accounts. Traders benefit from in-depth forex education resources on CMTrader's academy and from daily signals. |
GBPUSD Spread | |
0.9 | 2.6 |
EURUSD Spread | |
0.4 | 1.5 |
EURGBP Spread | |
0.9 | 2.6 |
Assets | |
40 | 50 |
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 23 of the most popular cryptocurrency assets, including BTC, ETH and SOL, in CFD pairs with USD and spreads from 0.02. Traders will not own the underlying tokens with these derivatives. |
Spread | |
Variable | From 0.02 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
ForexChief vs |
CMTrading vs |