ForexChief vs Skilling.com

ForexChief vs Skilling Comparison Table 2023
ForexChief Skilling
3.3

ForexChief is #6 in our CFD broker rankings.

4.7
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.

Skilling are an exciting brand, regulated in Europe and beyond, offering 900+ instruments across 7 asset classes and spreads from 0.2 pips.

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
  • Copy trading
Cons
  • Weak regulatory oversight
Promotions

Download The ForexChief App For A $100 No Deposit Bonus

Bonus
$100 No Deposit Bonus $100 Deposit Bonus (FSA clients only)
Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices CFD, Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 100 EUR/USD/GBP or 1000 NOK/SEK
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots or 1 Share
Regulator
VFSC CySEC, FSA
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
No No
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 and Android + browser-based platforms
Auto Trading
EAs Yes - through MT4
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. Copy trading is available through Skilling Copy. 1000+ strategies can be copied. Strategy providers can generate an additional revenue stream.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
Stock Exchanges
Commodities
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. Trade a long list of financial assets with leveraged CFDs and tight spreads.
Leverage
1:1000 1:30 (EU), 1:500 (Global)
FTSE Spread
70 from 1.5 pts
GBPUSD Spread<
0.9 from 0.2 pips
Oil Spread
12 from 0.4 pips
Stocks Spread
50 from 0.1%
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. Skilling offer Standard and Premium accounts with competitive leverage and spreads across a wide range of major, minor and exotic forex pairs.
GBPUSD Spread
0.9 from 0.2 pips
EURUSD Spread
0.4 from 0.2 pips
EURGBP Spread
0.9 from 0.2 pips
Assets
40 73 (platform dependent)
Cryptocurrency
ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar. Trade 57 crypto pairs via leveraged CFDs. Cryptocurrency trading is not available to traders in the UK and China.
Spread
Variable Starting from 0,001 (BTC is 0,5)
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • XRP
  • DOGE
  • DOT
  • ADA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No Yes
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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