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ForexChief vs FBS

ForexChief vs FBS Comparison Table 2023
ForexChief FBS
Review
3.3

ForexChief is #5 in our CFD broker rankings.

Review
4.3
United States Flag Traders from US accepted
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.

FBS is a top online broker offering MT4 & MT5 trading across a range of popular markets. Multiple account tiers and loyalty bonuses are available.

Pros
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
  • Copy trading
Cons
  • Weak regulatory oversight
Awards
  • Best Customer Service Broker WBO 2022
  • Most Reliable Forex Broker MENA 2020
  • Best Social Trading Application MENA 2020
  • Best Mobile Trading Platform Asia 2020
  • Best FX Broker Europe 2019
  • Most Transparent Forex Broker 2018
  • Best Forex Broker Asia 2018
  • Best Safety of Client Funds Asia 2015
Promotions

Download The ForexChief App For A $100 No Deposit Bonus

FBS: $140 Level Up Bonus

FBS Makes Copytrading Risk-Free On Your First Three Trades
Bonus
$100 No Deposit Bonus $100 welcome bonus (only available in certain regions)
Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices CFDs, forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 $1
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
VFSC ASIC, CySEC, IFSC, FSCA
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes 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
Yes Yes
ECN Account
No Yes
DMA Account
No No
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
EAs Yes (EAs)
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.
Social Trading
No No
Trade Signals
Yes MT4 & MT5
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. Go long or short on popular financial markets with leveraged CFDs
Leverage
1:1000 1:30 EU and restricted countries, 1:3000 rest of the world
FTSE Spread
70 From 0.0
GBPUSD Spread<
0.9 From 0.6
Oil Spread
12 From 0.0
Stocks Spread
50 Variable
Forex Trading
ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on both MT4 and MT5. Trade a long list of currencies, including exotics, with competitive spreads
Forex App

The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores.
GBPUSD Spread
0.9 From 0.6
EURUSD Spread
0.4 From 0.5
EURGBP Spread
0.9 From 2.1
Assets
40 44
Cryptocurrency
ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar. FBS offer trading on crypto/metal, crypto/crypto or crypto/fiat pairs.
Spread
Variable Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • ADA
  • ALG
  • AVA
  • BAT
  • BCH
  • BNB
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • FIL
  • IOT
  • LNK
  • LTC
  • MKR
  • MTC
  • NEO
  • OMG
  • SHB
  • SOL
  • TRX
  • UNI
  • VEC
  • XLM
  • XMR
  • XRPZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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