ForexChief vs Trade Nation

ForexChief vs Trade Nation Comparison Table 2023
ForexChief	Trade Nation
Review 3.3 ForexChief is #8 in our CFD broker rankings.	Review 4.4
Traders from US accepted	Traders from US not accepted See available CFD brokers
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.	Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
	84% of retail investor accounts lose money when trading CFDs with this provider.
Bonus Offer
$100 No Deposit Bonus	200 Sign-Up Reward Points
Comment by Reviewer
"ForexChief will prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The large welcome bonus and low starting deposit will also appeal to new traders."	"Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education."
Pros
High leverage up to 1:1000 is available A welcome deposit bonus is offered to new users The low minimum deposit of $10 will appeal to beginners 8 account types to suit different strategies and requirements Full range of investments including popular cryptos STP/ECN execution with low spreads from 0.0 pips Turnover rebates for active traders Copy trading solution with signals MT4 and MT5 integration Low margin rates	A choice of trading platforms and apps, including MT4, make the brand a good fit for savvy traders Trade Nation is a multi-regulated and respected broker that previously operated as Core Spreads Full range of investments via leveraged CFDs for long and short opportunities The trading firm offers tight spreads and a transparent pricing schedule Multiple account currencies are accepted for global traders There is a low minimum deposit for beginners
Cons
Weak regulatory oversight Limited market research Withdrawal fees on several payment methods	Fewer legal protections with offshore entity
Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Trading Platforms
MT4 MT5	MT4
Payment Methods
ADVcash Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Neteller Perfect Money Skrill UnionPay WebMoney Wire Transfer	Credit Card Debit Card Mastercard PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.1 Lots
Regulator
VFSC	FCA, ASIC, FSCA, SCB, FSA
Margin Trading
Yes	Yes
Margin Rate
0.1%
STP Account
Yes	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
Yes	No
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
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
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. You can start copy trading in a few easy steps.	Trade Nation Seychelles offers signals and copy trading. These are attractive options for beginners and those looking to a hands-off approach to online trading. You can leverage the expertise of seasoned traders to speculate on popular financial markets, including forex, stocks and commodities.
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
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 AUD ZAR SEK NOK DKK
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Gold Natural Gas Oil Silver	Aluminium Copper Gold Oil Silver Zinc
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. A clear pricing schedule is available to clients with no hidden charges. Traders can also access very high leverage up to 1:1000.	Trade leveraged CFDs on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions.
Leverage
1:1000	1:500 (entity dependent)
FTSE Spread
70	From 0.4
GBPUSD Spread
0.9	From 0.6
Oil Spread
12	From 3.0
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 the leading MT4 and MT5 platforms. Spreads are tight starting from zero and there are no dealers or requotes.	Trade Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'.
GBPUSD Spread
0.9	Variable
EURUSD Spread
0.4	Variable
EURGBP Spread
0.9	Variable
Assets
40	33
Cryptocurrency
ForexChief supports crypto trading with five major digital currencies paired against the US dollar. Traders can bet on rising and falling prices with leveraged CFDs and market-leading trading software.	Cryptocurrencies are available through the broker's Bahamas entity. Traders can access thousands of indicators to tailor their crypto trading strategies and there are no hidden charges.
Spread
Variable	Fixed
Coins
BTC BCH ETH LTC XRP	BTC ETH LTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	84% of retail investor accounts lose money when trading CFDs with this provider.
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