ForexChief vs Easy Markets

ForexChief vs Easy Markets Comparison Table 2023
ForexChief Easy Markets
3.3

ForexChief is #8 in our CFD broker rankings.

3
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.

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." "Casual traders who want a secure and straightforward trading environment will find a good broker in easyMarkets. The fixed spreads and upfront fees will also appeal to newer traders and cost-conscious investors."
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
  • Wide range of asset classes with a good depth of tradeable instruments
  • Regulated by several upper-tier bodies including CySEC and ASIC
  • Up to 50% first deposit bonus for new traders (outside the EU)
  • Supports MetaTrader 4, MetaTrader 5 and TradingView
  • Free research tools and news feeds
  • Responsive customer support
  • Low fixed spreads
  • Free research tools
  • Bitcoin account
Cons
  • Weak regulatory oversight
  • Limited market research
  • Withdrawal fees on several payment methods
  • Doesn't accept US clients
  • No raw spreads or cent account options
  • Spreads on standard account are wide
  • Lacks forex and VPS calculators
  • No copy trading
Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10 €100
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
VFSC CySec, ASIC, BVI, FSCA
Margin Trading
Yes No
Margin Rate
0.1%
STP Account
Yes No
ECN Account
No No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
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
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • PLN
  • CZK
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 hundreds of instruments including forex, equities, commodities, indices and cryptocurrencies with fixed or variable spreads and no commission charges. The CFD trading environment is intuitive and secure.
Leverage
1:1000 1:30
FTSE Spread
70
GBPUSD Spread
0.9 0.9 (MT4)
Oil Spread
12 3 pips
Stocks Spread
50 0.1% Var
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 60+ forex pairs including majors, minors and a selection of exotics and crosspairs with fixed spreads from 1.8 pips or variable spreads from 0.8. FX traders also get advanced trading software in MetaTrader.
GBPUSD Spread
0.9 1.3 var (MT5)
EURUSD Spread
0.4 0.9 (MT4)
EURGBP Spread
0.9 1.5 (MT4)
Assets
40 81+
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 20 cryptocurrency CFDs paired with USD with high leverage available up to 1:400 on easyMarkets' offshore branch. Traders can speculate on major digital assets like Bitcoin.
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • XRP
  • ETH
  • LTC
  • BCH
  • XLM
  • ADA
  • ALG
  • SOL
  • UNI
  • DOT
  • LNK
  • ZEC
  • OMG
  • MTC
  • DSH
  • DOG
  • CHZ
  • AVA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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