1. Home
  2. Online Brokers and Trading Platforms 2023

ForexChief vs FXTM

ForexChief vs FXTM Comparison Table 2023
ForexChief FXTM
Review
3.3

ForexChief is #6 in our CFD broker rankings.

Review
4
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.

FXTM is a top-rated forex and CFD broker. Offering 1000+ markets and three account types, they cater to all levels of trader.

Pros
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
  • Copy trading
  • Copy trading
  • Demo account
  • Low minimum deposit
  • MT4 & MT5 integration
  • Strong regulatory oversight
Cons
  • Weak regulatory oversight
Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
Promotions

Download The ForexChief App For A $100 No Deposit Bonus
Bonus
$100 No Deposit Bonus 30% up to $100 via Exinity Ltd
Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices Forex, CFDs, indices, commodities, stocks
Demo Account
Yes Yes
Minimum Deposit
$10 $50
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
VFSC CySEC, FCA, FSCA, FSC
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 Yes
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 Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android & Windows
Auto Trading
EAs Yes, via FXTM Invest or EAs
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. FXTM Invest is a popular copy trading app connecting clients to established investors with successful portfolios
Social Trading
No Yes
Trade Signals
Yes Yes
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
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • PLN
  • CZK
  • NGN
Stock Exchanges
Commodities
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. Use leveraged CFDs to speculate on the price of a wide range of popular financial markets.
Leverage
1:1000 1:30 EU, 1:200 Global
FTSE Spread
70 1.3 pts
GBPUSD Spread<
0.9 0.3 (var)
Oil Spread
12 9 pts (var)
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 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.
Forex App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, MT4 is a formidable trading tool. The app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
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 Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
More Comparisons
ForexChief
vs
 FXTM
vs