AMarkets vs xChief Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of AMarkets and xChief
| Broker | AMarkets | xChief |
|---|---|---|
| Rating | 4.4/5 | 4.1/5 |
| Foundation Year | 2007 | 2014 |
| Regulated in Countries | Cook Islands, Comoros | Comoros |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:3000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | AMarkets Review | xChief Review |
AMarkets is suitable for independent traders and investors due to various accounts, narrow spreads, and the possibility of engaging in copy trading.
xChief is suitable for traders looking for a wide range of trading instruments and low spreads. However, the broker is not suitable for those seeking a strong analytical section and educational courses
AMarkets Review
AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.
Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Pros and Cons of AMarkets
Pros
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
AMarkets is in the top 10 of the following ratings:
xChief Review
xChief offers traders a variety of opportunities and services for successful trading in the Forex market. With a wide selection of trading instruments, reliable trading platforms, contests, and educational materials, the broker creates conditions for developing traders of all experience levels.
Pros and Cons of xChief
Pros
- A wide range of trading instruments.
- Availability of cent and PAMM accounts.
- Tight spreads and low commission per transaction.
- Scalping and algorithmic trading allowed.
Cons
- Regulation in an offshore jurisdiction.
- Weak analytical section.
- No educational courses and webinars for beginner traders.
xChief is in the top 10 of the following ratings:
Reliability
| Broker | AMarkets | xChief |
|---|---|---|
| Reliability | 3.6/5 | 3/5 |
| Foundation Year | 2007 | 2014 |
| Regulated in Countries | Cook Islands, Comoros | Comoros |
| Regulators | FSC of Cook Islands FSC of Cook Islands MISA MISA SVGFSA SVGFSA | MISA MISA |
AMarkets
The broker ensures stable and reliable operational activities, albeit with offshore regulation.
Pros
- Client fund segregation.
- Protection by The Financial Commission's compensation fund.
- Quality of execution verified by Verify My Trade.
xChief
ForexChief is of medium credibility, having a license from a body in an offshore jurisdiction.
Account Opening
| Broker | AMarkets | xChief |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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AMarkets
Opening an account at AMarkets is quite simple and convenient, involving direct registration, identity verification, and selecting the appropriate type of account.
xChief
Opening an account with Forex Chief is simple and fast thanks to a clear registration and verification process.
Account Types
| Broker | AMarkets | xChief |
|---|---|---|
| Account Types | 4.8/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:3000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
AMarkets
The broker offers various accounts to meet different traders’ needs.
Pros
- A large selection of account types (Standard, Fixed, ECN, Crypto).
- The possibility of obtaining VIP status for improved trading conditions.
- The unique opportunity to transfer profits from a demo account to a real one.
Cons
- No cent accounts.
xChief
Forex Chief offers a variety of account types, satisfying the needs of different traders, from beginners to professionals.
Pros
- Wide selection of accounts: DirectFX, Classic+, cent, and Islamic.
- Demo accounts are available for novice traders.
- Investment accounts available: PAMM accounts and copy trading.
Commissions
| Broker | AMarkets | xChief |
|---|---|---|
| Commissions | 4/5 | 4.2/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.6 | 0.7 |
| Commission per Lot | $2.5 | $2.5 |
AMarkets
AMarkets is a broker that provides low commissions, which makes it more appealing to traders.
Pros
- Low transaction commission.
- No inactivity fee.
- The broker covers the payment system commissions for account funding.
Cons
- Spreads on some instruments are higher than competitors.
xChief
Forex Chief offers attractive commissions and tight spreads, although swaps are average for the market. Rebates add extra benefits for active traders.
Pros
- Low commission per trade.
- Tight spreads.
- No inactivity fees and no withdrawal fees.
Cons
- High swaps.
Deposit and Withdrawal
| Broker | AMarkets | xChief |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
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AMarkets
The account funding and withdrawal conditions at AMarkets are convenient for clients, with a wide range of payment systems available.
Pros
- No broker commissions for deposits and withdrawals.
- Fast fund crediting and processing of withdrawal requests.
- A large selection of payment systems, including cryptocurrencies.
Cons
- Payment system commission on withdrawals.
xChief
ForexChief offers a wide range of deposit and withdrawal methods without any fees on their part, with fast processing of requests.
Markets and Products
| Broker | AMarkets | xChief |
|---|---|---|
| Markets and Products | 5/5 | 4/5 |
| Forex | 42 | 39 |
| Precious Metals | 7 | 2 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 7 | - |
| Indices | 16 | 10 |
| Stocks | 437 | 100 |
| Bonds | 2 | - |
| Cryptocurrency | 27 | 5 |
AMarkets
The broker provides a vast array of trading assets, such as currency pairs, metals, cryptocurrencies, bonds, commodities, and indices. The broker offers high leverage and the option of scalping, making it particularly attractive.
xChief
Forex Chief offers a respectable variety of trading instruments.
Pros
- Wide range of currency pairs and CFDs.
- Access to cryptocurrency trading.
- Flexible margin requirements.
Cons
- Lack of soft commodities.
- Limited number of stock CFDs.
Trading Platforms
| Broker | AMarkets | xChief |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
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AMarkets
AMarkets provides time-tested MetaTrader 4 and 5 platforms and a convenient mobile app.
Pros
- Reliable and popular MT4 and MT5 platforms.
- Mobile app with high user ratings.
Cons
- No alternative to MetaTrader.
xChief
Forex Chief offers widely used and functional MT4 and MT5 platforms, providing convenience and accessibility for traders.
Pros
- Use of popular and proven MT4 and MT5 platforms.
- Availability of platforms on various OS (Windows, iOS, Android).
Cons
- Lack of proprietary unique platform.
- Limited selection of platforms compared to some competitors.
Analytics
| Broker | AMarkets | xChief |
|---|---|---|
| Rating | 5/5 | 3/5 |
AMarkets
AMarkets offers excellent analytical tools and services.
Pros
- An extensive set of analytical tools.
- Proprietary trading robots and advisors.
- A thoughtful and professional analytical department.
xChief
ForexChief offers basic analytical tools, but they are generally insufficient for serious trading.
Pros
- Current central bank interest rates.
- Convenient trader's calculator.
Cons
- Outdated economic articles.
- Insufficient variety of analytical tools.
Education
| Broker | AMarkets | xChief |
|---|---|---|
| Rating | 2.5/5 | 3/5 |
AMarkets
Educational materials at AMarkets are limited and may not meet the needs of beginner traders.
Pros
- There is a blog with useful articles.
Cons
- Lack of comprehensive educational programs.
- No webinars, video tutorials, courses.
xChief
ForexChief's educational materials cover the basics, but do not offer in-depth training.
Pros
- Wide range of article topics for beginners.
- Various trading strategies and indicators are presented.
Cons
- Lack of more advanced materials.
- No video tutorials or webinars.
Customer Support
| Broker | AMarkets | xChief |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
VK
Telegram
YouTube
LinkedIn
Twitter
Facebook
InstagramAMarkets
Technical support at AMarkets is efficient and available 24/7, providing various communication channels for customer convenience.
xChief
ForexChief support is well-organized and easily accessible, but has limited operating hours.
