Interactive Brokers vs ForexChief

Interactive Brokers vs ForexChief Comparison Table 2023
Interactive Brokers	ForexChief
Review 4.3 Interactive Brokers is #11 in our CFD broker rankings.	Review 3.3 ForexChief is #5 in our CFD broker rankings.
Traders from US accepted	Traders from US accepted
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.	ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
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
Instruments
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto	CFDs, Forex, Metals, Commodities, Stocks, Indices
Demo Account
Yes	Yes
Minimum Deposit
$10000	$10
Payment Methods
ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer	ADVcash Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Neteller Perfect Money Skrill UnionPay WebMoney Wire Transfer
Minimum Trade
$100	0.01 lots
Regulator
SEC, FCA, IIROC, SFC	VFSC
Margin Trading
Yes	Yes
Margin Rate
1.55 - 2.59%	0.1%
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
Yes	No
TradingView
No	No
Autochartist
No	No
eSignal
Yes	No
Trading Central
Yes	No
STP Account
Yes	Yes
ECN Account
No	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android and Windows	iOS & Android
Auto Trading
	EAs
Copy Trading
No	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.
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
Inactivity Fee
0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF	USD EUR GBP JPY CHF
Stock Exchanges
Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange	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
Commodities
Aluminium Gold Lead Natural Gas Soybeans Zinc	Gold Natural Gas Oil Silver
CFD Trading
	ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:50	1:1000
FTSE Spread
0.005% (£1 Min)	70
GBPUSD Spread<
Commission (.20 pts x trade value)	0.9
Oil Spread
N/A	12
Stocks Spread
From 0.003 per share, variable	50
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.
GBPUSD Spread
Commission (.20 pts x trade value)	0.9
EURUSD Spread
Commission (.20 pts x trade value)	0.4
EURGBP Spread
Commission (.20 pts x trade value)	0.9
Assets
70+	40
Cryptocurrency
	ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
	Variable
Coins
BTC LTC ETH XRP	BTC BCH ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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Interactive Brokers vs	ForexChief vs