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 (CFDs) | Forex, Metals, Energies, Indices, Stocks, Cryptocurrencies, CFDs |
In the vibrant world of trading, xChief emerged as a beacon for those seeking a reliable and versatile partner on their financial journey. Founded in 2014, this international multi-asset broker, formerly known as ForexChief, was born from a vision to empower traders by providing them with the tools and resources they need to navigate the complexities of the market. With a focus on transparency and accessibility, xChief has crafted an environment where both seasoned investors and newcomers can thrive, whether they're trading currencies, commodities, or the latest in cryptocurrencies. Positioned as a straightforward yet sophisticated trading platform, xChief offers intuitive access through the popular MetaTrader 4 and 5, catering to various trading styles. The broker’s commitment to low spreads and high leverage aligns perfectly with the ambitions of cost-sensitive scalpers and system traders alike, while its generous bonuses and no inactivity fees make it an attractive option for those just starting their trading adventure. In a landscape filled with possibilities, xChief stands ready to support traders from diverse backgrounds, offering a welcoming hand to guide them toward their financial aspirations.
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
Is xChief available in my country?
We just checked and
xChief doesn't accept clients from United States!
Your capital is at risk
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 |
| Commission per lot | 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 (CFDs) | 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 |
| Review | XTB Review | Exness Review | RoboForex Review | FBS Review | IC Markets Review | |
| Comparison | xChief vs XTB | xChief vs Exness | xChief vs RoboForex | xChief vs FBS | xChief vs IC Markets |
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
Is xChief safe?
How does xChief make money?
What is the minimum deposit for xChief?
How do I deposit funds in a xChief account?
How do I withdraw money from xChief?
How much is the maximum leverage at xChief?
What trading platforms does xChief offer?
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.
