Interactive Brokers vs ForexChief

Interactive Brokers vs ForexChief Comparison Table 2023
Interactive Brokers ForexChief
4.3

Interactive Brokers is #11 in our CFD broker rankings.

3.3

ForexChief is #5 in our CFD broker rankings.

United States Flag Traders from US accepted
United States Flag 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
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
Commodities
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
More Comparisons
Interactive Brokers
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