FxNet vs ForexChief

FxNet vs ForexChief Comparison Table 2023
FxNet ForexChief
WINNER
ForexChief is the better broker
Not Yet Rated
United States Flag Traders from US not accepted
3.3
United States Flag Traders from US accepted
FxNet is an online forex broker regulated by the IFSC and offering the MT4 platform. ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
Bonus
$100 no deposit
Instruments
Forex, CFDs, indices, shares, energies, metals, bonds Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$50 $10
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
IFSC VFSC
Margin Trading
No Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes
Copy Trading
No Yes
Social Trading
No No
Trade Signals
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
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Leveraged CFD trading is available across several markets. ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:500 1:1,000
FTSE Spread
160 80
GBPUSD Spread<
2.1 0.9
Oil Spread
12 12
Stocks Spread
Floating 50
Forex Trading
Trade 50+ global currency pairs with up to 1:500 leverage. ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5.
GBPUSD Spread
2.1 0.9
EURUSD Spread
1.8 0.4
EURGBP Spread
2.2 0.9
Assets
51 40
Cryptocurrency
Crypto trading not offered ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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