Sheer Markets vs ForexChief

Sheer Markets vs ForexChief Comparison Table 2023
Sheer Markets ForexChief
WINNER
ForexChief is the better broker
Not Yet Rated
3.3

ForexChief is #6 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Sheer Markets is a Cypriot broker offering MT4 and MT5 trading in CFDs, forex and equities from across the world.

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
Stocks, CFD, Forex, Crypto Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$200 $10
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
CySEC VFSC
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes 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
iOS & Android 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
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Sheer Markets offers CFDs on European, UK and US equities, major global indices, commodities (including gold and oil) and cryptocurrencies. ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:30 Retail, 1:100 Professional 1:1,000
FTSE Spread
Variable 80
GBPUSD Spread<
Variable 0.9
Oil Spread
Variable 12
Stocks Spread
Variable 50
Forex Trading
Sheer Markets supports trading in major, minor, exotic and emerging markets currency pairs. 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
Variable 0.9
EURUSD Spread
Variable 0.4
EURGBP Spread
Variable 0.9
Assets
90 40
Cryptocurrency
Sheer Markets supports CFD trading in four major cryptocurrencies. ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Sheer Markets
vs
ForexChief
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