ForexChief vs FXTM

ForexChief vs FXTM Comparison Table 2022
ForexChief FXTM
ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms. FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
Awards
Best ECN Broker 2020 - DayTrading.com
Bonus
$100 no deposit 30% Up to $100 via Exinity Ltd
Instruments
Stocks, CFD, Forex, Crypto Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 From $50
Payment Methods
Bitcoin Payments, Credit Card, Debit Card, Neteller, Perfect Money, Skrill, UnionPay, Webmoney, Wire Transfer Bitcoin Payments, Credit Card, Google Pay, JCB Card, M-Pesa, Neteller, Perfect Money, QIWI, Skrill, UnionPay, Visa, Webmoney, WeChat Pay, Western Union, WorldPay, Yandex Money
Minimum Trade
0.01 lots 0.01 lots
Regulator
VFSC CySec, ESMA, FCA and FSC of the Republic of Mauritius
Margin Trading
Yes No
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
Robo Advisor
- No
Negative Balance Protection
- No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Yes Yes, via FXTM Invest or EAs
Trade Signals
Yes Yes
VPS Hosting
- No
Tournaments
- No
Demo Competitions
- No
Ethical Investing
- No
Social Trading
No Yes
Copy Trading
Yes Yes
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, JPY, CHF USD, EUR, GBP
CFD
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:1,000 1:30 EU, 1:200
FTSE Spread
80 1.3 pts
GBPUSD Spread
0.9 0.3 (var)
Oil Spread
12 9 pts (var)
Stocks Spread
50 0.1% Var
Forex
ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5. FXTM offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN account types.
GBPUSD Spread
0.9 0.3 (var)
EURUSD Spread
0.4 0.1 (var)
EURGBP Spread
0.9 0.2 (var)
Assets
40 50+
Cryptocurrency
ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar. Crypto trading not offered
Spread
Variable
Coins
BTC, BCH, ETH, LTC, XRP
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No
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