Switch Markets vs ForexChief

Switch Markets vs ForexChief Comparison Table 2023
Switch Markets ForexChief
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

Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.

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
Bonus
100% Deposit Bonus $100 No Deposit Bonus
Instruments
Stocks, CFD, Forex, Crypto CFDs, Forex, Metals, Commodities, Stocks, Indices
Demo Account
Yes Yes
Minimum Deposit
$50 $10
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
ASIC VFSC
Margin Trading
Yes 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
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes - Equinix EAs
Copy Trading
Yes Yes
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal. Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions.
Social Trading
Yes No
Trade Signals
MT4 Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • SGD
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities. ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:500 1:1000
FTSE Spread
1.2 70
GBPUSD Spread<
0.5 0.9
Oil Spread
2.0 12
Stocks Spread
Variable 50
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics. 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
0.5 0.9
EURUSD Spread
0.1 0.4
EURGBP Spread
0.6 0.9
Assets
60+ 40
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • 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
Switch Markets
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