ForexChief vs Forex.com
ForexChief | FOREX.com |
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3.3
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4.5
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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. |
Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms. |
Customer Reviews | |
4.5
Based on 4 ForexChief customer reviews
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4.7
Based on 3 FOREX.com customer reviews
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Bonus Offer | |
$100 No Deposit Bonus | |
Comment by Reviewer | |
"ForexChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback." | "FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Metals, Commodities, Stocks, Indices | CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities |
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 | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
0.1% | |
STP Account | |
Yes | Yes |
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 | Yes |
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 |
App Review | |
Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love. |
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Android App Rating | |
3.8 |
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iOS App Rating | |
3.6 |
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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 | SMART Signals |
VPS Hosting | |
No | Yes |
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 | |
You can trade a competitive range of CFDs encompassing crypto, indices, energies and metals, with very high leverage up to 1:1000. ECN pricing is available, with spreads from 0.0 pips and low commissions from $2.50. A Cent account is also available for those on a smaller budget. | With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders. |
Leverage | |
1:1000 | 1:200 (Retail), 1:500 (Pro) |
FTSE Spread | |
70 | 1.0 |
GBPUSD Spread | |
0.9 | 1.3 |
Oil Spread | |
12 | 2.5 |
Stocks Spread | |
50 | 0.14 |
Forex Trading | |
ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs. Trading takes place on the leading MT4 and MT5 platforms, which offer dozens of in-built technical tools for short-term forex strategies. | FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets. |
Forex App | |
Running alongside the Advanced and Web Trader Platforms, the FOREX.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. |
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GBPUSD Spread | |
0.9 | 1.3 |
EURUSD Spread | |
0.4 | 1.2 |
EURGBP Spread | |
0.9 | 1.4 |
Assets | |
40 | 80+ |
Cryptocurrency | |
ForexChief’s range of 5 cryptocurrencies paired with USD is smaller than most competitors. In addition, the average BTCUSD spread of 30 pips is not the cheapest. That said, the broker does offer some useful crypto trading guides for beginners. | You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades. |
Spread | |
Variable | BTC 1.4%, ETH 2% |
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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