xChief vs FXTM Comparison

Last updated Mar 28, 2025
xChief LogoxChief
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
FXTM LogoFXTM
4.1/5
Register75% of retail investors lose money when trading CFDs with this broker

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 xChief and FXTM

BrokerxChiefFXTM
Rating
4.1/5
4.1/5
Foundation Year20142011
Regulated in CountriesComorosCyprus, United Kingdom, Mauritius, Kenya
Minimum Deposit
  • 1 USD
  • 10 USD
  • 10 EUR
  • 10 GBP
  • 10000 NGN
Spreadfrom 0 pointsfrom 0.1 points
Max Leverage1:10001:2000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
ReviewxChief Review FXTM Review

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

Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.

xChief Review

xChief Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5
compare xChief trading accounts

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

  1. A wide range of trading instruments.
  2. Availability of cent and PAMM accounts.
  3. Tight spreads and low commission per transaction.
  4. Scalping and algorithmic trading allowed.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Weak analytical section.
  3. No educational courses and webinars for beginner traders.

xChief is in the top 10 of the following ratings:

FXTM Review

FXTM Logo
Register75% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5
compare FXTM trading accounts

FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices' popular MT4 and MT5 platforms ensures trading flexibility and accessibility. In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide.

FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.

Pros and Cons of FXTM

Pros

  1. A wide range of trading assets.
  2. Low fee per transaction.
  3. Availability of popular trading platforms.
  4. Availability of educational materials.
  5. A variety of deposit and withdrawal methods.

Cons

  1. Issues with technical support.
  2. High spreads.

FXTM is in the top 10 of the following ratings:

Reliability

BrokerxChiefFXTM
Reliability
3/5
5/5
Foundation Year20142011
Regulated in CountriesComorosCyprus, United Kingdom, Mauritius, Kenya
Regulators

xChief

ForexChief is of medium credibility, having a license from a body in an offshore jurisdiction.

FXTM

Broker FXTM demonstrates high reliability due to strict regulation and additional protective measures.

Pros

  1. Regulation by authoritative bodies (CySEC, FCA).
  2. Membership in the Financial Commission.
  3. Presence of a Compensation Fund.

Account Opening

BrokerxChiefFXTM
Account Opening
5/5
5/5
Minimum Deposit
  • 1 USD
  • 10 USD
  • 10 EUR
  • 10 GBP
  • 10000 NGN

xChief

Opening an account with Forex Chief is simple and fast thanks to a clear registration and verification process.

FXTM

Opening an account with FXTM is a simple and fast process.

Account Types

BrokerxChiefFXTM
Account Types
5/5
4.5/5
Trading Accounts
  • CENT
  • Classic+
  • DirectFX
  • xPRIME
  • Micro
  • Advantage
  • Advantage Plus
Minimum Deposit
  • 1 USD
  • 10 USD
  • 10 EUR
  • 10 GBP
  • 10000 NGN
Spreadfrom 0 pointsfrom 0.1 points
Max Leverage1:10001:2000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
Demo Account
Swap-free Account

xChief

Forex Chief offers a variety of account types, satisfying the needs of different traders, from beginners to professionals.

Pros

  1. Wide selection of accounts: DirectFX, Classic+, cent, and Islamic.
  2. Demo accounts are available for novice traders.
  3. Investment accounts available: PAMM accounts and copy trading.

FXTM

FXTM offers a variety of accounts and services, meeting the needs of different traders.

Pros

  1. Wide selection of account types.
  2. Additional services such as VPS.
  3. Suitable for traders of different levels.

Cons

  1. Lack of fixed spread accounts.

Commissions

BrokerxChiefFXTM
Commissions
4.2/5
3/5
Spreadfrom 0 pointsfrom 0.1 points
Average Spread (EURUSD)0.7
Commission per Lot$2.5$2.16

xChief

Forex Chief offers attractive commissions and tight spreads, although swaps are average for the market. Rebates add extra benefits for active traders.

Pros

  1. Low commission per trade.
  2. Tight spreads.
  3. No inactivity fees and no withdrawal fees.

Cons

  1. High swaps.

FXTM

FXTM's commissions are average, with low per-trade commission but higher-than-average spreads.

Pros

  1. Low per-trade commission.

Cons

  1. High spreads.
  2. Inactivity fee for account.

Deposit and Withdrawal

BrokerxChiefFXTM
Rating
5/5
4/5
Account Funding Methods
  • Skrill
  • Neteller
  • AdvCash
  • WebMoney
  • Perfect Money
  • FasaPay
  • SEPA
  • Credit and Debit Cards
  • Online banking
  • Skrill
  • FasaPay
  • WebMoney
  • YooMoney
  • Qiwi
  • Perfect Money
  • PayRedeem
  • Visa
  • Mastercard
  • Maestro
  • Альфа Банк
  • Dotpay

xChief

ForexChief offers a wide range of deposit and withdrawal methods without any fees on their part, with fast processing of requests.

FXTM

FXTM offers a variety of convenient methods for depositing and withdrawing funds, meeting the needs of traders.

Pros

  1. Numerous available methods.
  2. Instant fund crediting.
  3. Most operations without commission.

Cons

  1. May have withdrawal fees.
  2. Possible processing time restrictions.

Markets and Products

BrokerxChiefFXTM
Markets and Products
4/5
4.6/5
Forex3948
Precious Metals23
Energy Carriers33
Indices1013
Stocks100640
Cryptocurrency511

xChief

Forex Chief offers a respectable variety of trading instruments.

Pros

  1. Wide range of currency pairs and CFDs.
  2. Access to cryptocurrency trading.
  3. Flexible margin requirements.

Cons

  1. Lack of soft commodities.
  2. Limited number of stock CFDs.

FXTM

FXTM offers a variety of markets.

Pros

  1. Ability to invest in US stocks.
  2. Large number of CFDs for trading.

Cons

  1. No soft commodities.

Trading Platforms

BrokerxChiefFXTM
Rating
4/5
4/5
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5

xChief

Forex Chief offers widely used and functional MT4 and MT5 platforms, providing convenience and accessibility for traders.

Pros

  1. Use of popular and proven MT4 and MT5 platforms.
  2. Availability of platforms on various OS (Windows, iOS, Android).

Cons

  1. Lack of proprietary unique platform.
  2. Limited selection of platforms compared to some competitors.

FXTM

The broker offers reliable and proven MT4 and MT5 platforms, ensuring flexibility in trading.

Pros

  1. Availability on various devices (Windows, Android, iOS).
  2. Support for automated trading.
  3. Ability to choose between MT4 and MT5.

Cons

  1. Lack of a proprietary unique platform.
  2. Web version only available for MT4.

Analytics

BrokerxChiefFXTM
Rating
3/5
4/5

xChief

ForexChief offers basic analytical tools, but they are generally insufficient for serious trading.

Pros

  1. Current central bank interest rates.
  2. Convenient trader's calculator.

Cons

  1. Outdated economic articles.
  2. Insufficient variety of analytical tools.

FXTM

The broker offers a strong analytical section.

Pros

  1. Daily automated trading signals.
  2. Economic calendar in the personal account.
  3. A variety of tools for analysis.

Cons

  1. Outdated video reviews.
  2. Lack of regular analytical updates from experts.

Education

BrokerxChiefFXTM
Rating
3/5
3.5/5

xChief

ForexChief's educational materials cover the basics, but do not offer in-depth training.

Pros

  1. Wide range of article topics for beginners.
  2. Various trading strategies and indicators are presented.

Cons

  1. Lack of more advanced materials.
  2. No video tutorials or webinars.

FXTM

The broker's educational materials are of average quality with diverse content.

Pros

  1. Diversity of materials (videos, books).
  2. Useful for traders of different levels.

Cons

  1. Outdated webinars.
  2. Irrelevance of some materials.

Customer Support

BrokerxChiefFXTM
Rating
4/5
3.5/5
Email Support
  • info@xchief.com
  • support@fxtm.com
Hotline Phones
  • +6281222062226
  • +442037341025
Social Media

xChief

ForexChief support is well-organized and easily accessible, but has limited operating hours.

FXTM

FXTM's customer support offers various channels of communication, but reviews about it are mixed.

Pros

  1. Variety of communication channels.
  2. There are positive customer reviews.

Cons

  1. Delays in responses.
  2. There are ambiguous customer reviews.

Alternatives to xChief and FXTM

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