xChief Overview
| Website | xchief.com |
| Year Founded | 2014 |
| Countries of Registration | Comoros, Australia |
| Regulators | MISA, ASIC |
| Broker Type | STP, ECN |
| Dealing | A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, GBP |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Trading Assets | Forex, Metals, Energies, Indices, Stocks, Cryptocurrencies, CFDs |
Brief look at xChief
xChief is an international multi-asset broker established in 2014 (formerly ForexChief). Regulated by MISA (Comoros) and ASIC (Australia), it offers MetaTrader 4/5, a mobile app, spreads from 0 pips, leverage up to 1:1000, cent accounts, PAMM/MAM, copy trading, a $100 no-deposit bonus and a welcome bonus up to $500.
Pros
- Low minimum deposit
- Tight spreads
- High leverage
- MT4/MT5 support and copy trading
- Up to $600 in combined bonuses
Cons
- Limited educational resources
- Customer support can be slow
- Bonus terms require high turnover
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xChief Reviews
I have been using xChief for a few months now and I am very satisfied with their services. The trading platform is user-friendly, especially the MT5 interface. The minimum deposit is reasonable, and I appreciate the demo account for practicing before going live. Overall, I highly recommend this broker!
9/15/2023xChief has a good range of account types that cater to different trading styles. I found the sign up process straightforward, and the login was seamless. The spreads are competitive, and the withdrawal time is faster than other brokers I've used. Great experience overall!
8/22/2023While I like the trading app and the leverage options provided, I faced some issues with my initial deposit. The minimum deposit was clear, but the bonus was a bit misleading. The MT4 platform is decent, but I found the demo account to be more useful than live trading. Room for improvement!
7/30/2023I've been trading forex with xChief for a while now and I appreciate the rebate system they offer. The MT5 platform is excellent for technical analysis. The only downside is the withdrawal time, which could be faster. Other than that, it's a solid broker to work with.
8/5/2023xChief has impressed me with its features. The ability to download the app makes trading on the go very convenient. Their customer service has been responsive, and I appreciate the variety of account types available. Overall, a trustworthy broker for both beginners and experienced traders.
9/1/2023Leave a Review
Is xChief regulated?
| Companies | xChief Ltd, xChief Pty Ltd |
| Countries | Comoros, Australia |
| Regulators | MISA, ASIC |
| Investor Protection | - |
| Investor Protection Size | - |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
xChief Account Types
| Property | Classic+ | DirectFX | xPRIME | CENT |
|---|---|---|---|---|
| Min Deposit | $10 | $50 | $2000 | $1 |
| Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
| Spread Type | Floating | Floating | Floating | Floating |
| Execution | Market | Market | Market | Market |
| Min Spread | 0.6 pips | 0.3 pips | 0 pips | 0.9 pips |
| Fee | No | $5 per 1 lot | $6 per 1 lot | No |
| Max Leverage | 1:1000 | 1:1000 | 1:1000 | 1:500 |
| Stop Out | 30% | 30% | 50% | 30% |
| Margin Call | 50% | 50% | 100% | 50% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
xChief Funding and Fees
| Base currencies | USD, EUR, GBP |
| Deposit and withdrawal methods | Bank Transfer, SEPA, Credit/Debit Card, Cryptocurrencies (BTC, ETH, LTC, BCH, DOGE, USDT, USDC, DAI), Skrill, Neteller, Volet, FasaPay, WebMoney, Perfect Money |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
xChief Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Execution Speed | 10 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
xChief Trading Assets
| Currencies | 39 |
| Indices | 10 |
| Stocks | 100 |
| Cryptocurrencies | 5 |
| Bonds | 0 |
| Metals | 2 |
| Energies | 3 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Bonuses
| Bonus Type | Size | Details |
|---|---|---|
| Welcome Bonus | 100%, up to $500 | Learn More |
| No Deposit Bonus | $100 | Learn More |
Broker Contests
Demo Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| Gold Whale | $100 | $5000 | Monthly | Learn More |
xChief Support
| support@xchief.com | |
| Phone | +6180936512 |
xChief Alternatives
| Broker | xChief | XTB | Exness | RoboForex | FBS | IC Markets |
|---|---|---|---|---|---|---|
| Type | STP, ECN | MM | MM, STP, ECN | MM, STP, ECN | STP | ECN, DMA |
| Minimum Deposit | $1 | $1 | $10 | $10 | $5 | $200 |
| Regulators | MISA, ASIC | BFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFin | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | BFSC | BFSC, CySEC, ASIC, FSCA | SFSA, ASIC, CySEC, CMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | xStation | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | low | average | low | low | low | low |
| Leverage | 1:1000 | 1:500 | 1:2000 | 1:2000 | 1:3000 | 1:500 |
| Assets | Forex, Metals, Energies, Indices, Stocks, Cryptocurrencies, CFDs | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
Is xChief Right for You?
xChief stands out as a versatile multi-asset broker with a wide range of offerings, including Forex, stocks, and cryptocurrencies. With features like tight spreads, high leverage up to 1:1000, and support for popular trading platforms like MetaTrader 4 and 5, it caters well to both novice and experienced traders. The broker also provides attractive bonuses, including a no-deposit bonus and a welcome bonus of up to $500, making it financially appealing. However, there are notable drawbacks to consider. The educational resources available to traders are limited, which may hinder beginners who seek comprehensive learning tools. Additionally, customer support can be slow to respond, and the terms associated with bonuses require a high turnover, which may be a deterrent for some users. In conclusion, xChief is recommended for traders looking for low minimum deposits and high leverage, particularly those interested in a wide range of trading assets. However, those who prioritize extensive educational support and prompt customer service may want to explore alternative brokers.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
