Saxo Bank vs ForexChief

Saxo Bank vs ForexChief Comparison Table 2022
Saxo Bank ForexChief
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
Bonus
None $100 no deposit
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10000 $10
Payment Methods
Credit Card, JCB Card, Mastercard, Visa, Wire Transfer Bitcoin Payments, Credit Card, Debit Card, Neteller, Perfect Money, Skrill, UnionPay, Webmoney, Wire Transfer
Minimum Trade
Vary by asset 0.01 lots
Regulator
DFSA, MAS, FCA, SFC VFSC
Margin Trading
No Yes
Margin Rate
0.1%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No -
Trading Central
No No
STP Account
No Yes
ECN Account
Yes 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
Yes Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS & Android
Auto Trading
- Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No No
Copy Trading
No Yes
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF USD, EUR, GBP, JPY, CHF
Stock Exchanges
London Stock Exchange, New York Stock Exchange, Shenzhen Stock Exchange Australian Securities Exchange, Deutsche Boerse, Euronext, Hong Kong Stock Exchange, Japan Exchange Group, New York Stock Exchange
CFD
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:30 1:1,000
FTSE Spread
1.2 pts (Variable) 80
GBPUSD Spread
0.7 (var) 0.9
Oil Spread
0.03 12
Stocks Spread
0.10% (subject to min commission) 50
Forex
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
0.7 (varies by region) 0.9
EURUSD Spread
0.2 (varies by region) 0.4
EURGBP Spread
0.6 (varies by region) 0.9
Assets
40+ 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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