XTB vs ForexChief

XTB vs ForexChief Comparison Table 2023
XTB ForexChief
WINNER
ForexChief is the better broker
4.5
United States Flag Traders from US not accepted
3.3
United States Flag Traders from US accepted
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2100 instruments on their xStation platform. ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
81% of retail accounts lose money.
Pros
  • Cashback rebates
  • Free demo account
  • 2,100+ instruments
  • Mobile trade alerts
  • Micro lot trading
  • Spreads from 0.1 pips
  • Flexible account options
  • Professional investing account
  • 1:500 leverage for global traders
  • No minimum deposit requirements
  • Useful educational resources
  • FCA, KNF, CySEC, and IFSC-regulated
  • 24 hour customer support available Sunday to Friday
  • Multiple Award-winning
Cons
  • Single platform offering
  • Not available to US clients
  • Instrument portfolio limited to mostly CFDs
Awards
  • Best Forex Broker for Beginners 2022
  • Best Customer Service 2021
  • Best Forex Broker for Low Costs 2021
  • Best Mobile App for Investing 2020
  • #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018
  • Best Polish Forex Broker 2019
  • Best Execution Broker 2019
Bonus
No $100 no deposit
Instruments
Stocks, CFD, Forex, Crypto, ETFs, Volatility Index Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
FCA, CySEC, IFSC, KNF, DFSA VFSC
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
No 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
Yes 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 & Windows iOS & Android
Auto Trading
Yes Yes
Copy Trading
No Yes
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs on popular markets including stocks and commodities ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:500 1:1,000
FTSE Spread
0.08% 80
GBPUSD Spread<
0.1 pips 0.9
Oil Spread
0.03 pips 12
Stocks Spread
0.2% variable 50
Forex Trading
XTB offers trading on major, minor and exotic currency pairs with tight spreads ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5.
Forex App

With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.

GBPUSD Spread
0.1 pips 0.9
EURUSD Spread
0.2 pips 0.4
EURGBP Spread
0.1 pips 0.9
Assets
48 40
Cryptocurrency
XTB offer the largest range of crypto markets, all with competitive spreads. They also offer intra-crypto pairs such as ETHBTC and DSHBTC ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
From 0.22% Variable
Coins
  • ADA
  • BTC
  • BCH
  • DSH
  • EOS
  • ETH
  • IOTA
  • LTC
  • NEO
  • XRP
  • XLM
  • TRX
  • XEM
  • XLM
  • XMR
  • DOGE
  • BNB
  • LINK
  • UNI
  • DOT
  • XTZ
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
81% of retail accounts lose money.
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