easyMarkets 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 easyMarkets and xChief
| Broker | easyMarkets | xChief |
|---|---|---|
| Rating | 4.5/5 | 4.1/5 |
| Foundation Year | 2001 | 2014 |
| Regulated in Countries | Seychelles, British Virgin Islands, Cyprus, Australia, South Africa | Comoros |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | easyMarkets Review | xChief Review |
easyMarkets is suitable for beginners thanks to simple conditions and a low minimum deposit, as well as for experienced traders who value MT4/MT5, TradingView, and VIP service.
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
easyMarkets Review
easyMarkets is a reliable international broker with nearly 25 years of experience, licenses from leading regulators (CySEC, ASIC, FSCA, etc.), and a focus on simplicity and trading safety. It suits beginner traders thanks to a low minimum deposit from 25 USD, fixed spreads, and a convenient proprietary platform with unique risk management tools. At the same time, the broker will also appeal to more experienced users thanks to the availability of MT4, MT5, TradingView, Islamic accounts, and VIP service. Despite a relatively average selection of CFD instruments and the absence of passive trading services, easyMarkets delivers a good combination of reliability, technology, and customer support.
Pros and Cons of easyMarkets
Pros
- Regulated in many jurisdictions.
- Unique risk management tools (dealCancellation, Freeze Rate).
- Access to various trading platforms.
- Minimum deposit from 25 USD, convenient for beginners.
- A wide range of deposit and withdrawal methods, including cryptocurrencies.
- Strong analytics (Daily Pitch, AI reviews, trading signals).
- Competent support with many contact channels.
Cons
- High swaps compared to competitors.
- No cent accounts or passive trading services (PAMM, copy trading).
- Average number of CFD instruments, behind market leaders.
easyMarkets 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 | easyMarkets | xChief |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2001 | 2014 |
| Regulated in Countries | Seychelles, British Virgin Islands, Cyprus, Australia, South Africa | Comoros |
| Regulators | SFSA SFSA BVIFSC BVIFSC CySEC CySEC ASIC ASIC FSCA FSCA | MISA MISA |
easyMarkets
easyMarkets demonstrates a high level of reliability thanks to licenses from ASIC, CySEC, and FSCA, client protection, and extensive experience.
Pros
- Regulation by Tier-1/Tier-2 authorities
- Negative balance protection
- Long track record (since 2001)
xChief
ForexChief is of medium credibility, having a license from a body in an offshore jurisdiction.
Account Opening
| Broker | easyMarkets | xChief |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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easyMarkets
Opening an account with easyMarkets is simple and fast, with a minimum deposit from 25 USD. The process is convenient even for beginners.
Pros
- Fast online registration
- Minimum deposit 25 USD
- Support at every step
xChief
Opening an account with Forex Chief is simple and fast thanks to a clear registration and verification process.
Account Types
| Broker | easyMarkets | xChief |
|---|---|---|
| Account Types | 4.5/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
easyMarkets
easyMarkets offers a wide range of accounts for different categories of traders, including Islamic and VIP, but lacks cent and PAMM accounts.
Pros
- Demo account available
- Islamic account available
- VIP service for large clients
Cons
- No cent accounts
- No PAMM or copy trading
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 | easyMarkets | xChief |
|---|---|---|
| Commissions | 3.5/5 | 4.2/5 |
| Spread | from 0.7 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 0.7 |
| Commission per Lot | $2.5 |
easyMarkets
easyMarkets offers low spreads and free deposits/withdrawals, but high swaps and the inactivity fee make the overall conditions average.
Pros
- Low spreads
- No deposit/withdrawal fees
- Transparent conditions
Cons
- High swaps
- $25 inactivity fee
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 | easyMarkets | xChief |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
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easyMarkets
easyMarkets offers a wide range of deposit and withdrawal methods, including cryptocurrencies, with no broker-side fees.
Pros
- Instant deposits
- Cryptocurrency support
- No deposit/withdrawal fees
Cons
- Possible bank fees
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 | easyMarkets | xChief |
|---|---|---|
| Markets and Products | 4.5/5 | 4/5 |
| Forex | 62 | 39 |
| Precious Metals | 9 | 2 |
| Energy Carriers | 5 | 3 |
| Soft Commodities | 7 | - |
| Indices | 26 | 10 |
| Stocks | 63 | 100 |
| Cryptocurrency | 19 | 5 |
easyMarkets
easyMarkets offers a wide range of markets, including Forex, stocks, commodities, and cryptocurrencies, but the overall number of CFD instruments remains average.
Pros
- Variety of asset classes
- Access to cryptocurrencies
- Ability to diversify
Cons
- An average number of CFDs compared to competitors
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 | easyMarkets | xChief |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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easyMarkets
easyMarkets offers a full suite of platforms—from its proprietary web platform to MT4, MT5, and TradingView. This is convenient for both beginners and experienced traders.
Pros
- Wide selection of platforms
- Unique dealCancellation and Freeze Rate features
- Mobile app support
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 | easyMarkets | xChief |
|---|---|---|
| Rating | 5/5 | 3/5 |
easyMarkets
easyMarkets analytics is diverse and useful: from daily reviews and signals to AI tools and materials on trading psychology.
Pros
- Daily Pitch and trading signals
- Economic calendar
- AI reviews of stocks
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 | easyMarkets | xChief |
|---|---|---|
| Rating | 4/5 | 3/5 |
easyMarkets
easyMarkets education is useful for beginners: there are courses, books, and a knowledge base, but it lacks interactive formats.
Pros
- Online courses and books
- Convenient knowledge base
- Glossary of terms
Cons
- No regular webinars
- No podcasts or live video lessons
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 | easyMarkets | xChief |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Instagram
Facebook
Twitter
Weibo
LinkedIn
YouTube
TelegrameasyMarkets
easyMarkets technical support is fast and professional, available via chat, email, phone, and messengers.
Pros
- Many communication channels
- Fast responses
- Knowledgeable staff
Cons
- No local numbers in all countries
xChief
ForexChief support is well-organized and easily accessible, but has limited operating hours.
