xChief vs Orbex 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 xChief and Orbex
| Broker | xChief | Orbex |
|---|---|---|
| Rating | 4.1/5 | 3.6/5 |
| Foundation Year | 2014 | 2009 |
| Regulated in Countries | Comoros | Mauritius, Seychelles, Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | xChief Review | Orbex 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 Orbex is suitable for novice traders due to educational materials and for experienced investors seeking a variety of markets.
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:
Orbex Review
Broker Orbex offers various trading instruments, account types, and extensive analytical and educational materials. These factors make it an attractive choice for novice traders seeking educational resources and experienced investors who require access to various markets.
Orbex can be a good choice for those looking for diversity in trading opportunities and value educational resources.
Pros and Cons of Orbex
Pros
- Extensive educational materials.
- Analytical reviews and forecasts from experienced analysts.
- Availability of PAMM accounts.
- A wide range of trading assets.
Cons
- Lack of stringent regulation.
- Above-average commissions.
- Mixed reviews about customer support.
Reliability
| Broker | xChief | Orbex |
|---|---|---|
| Reliability | 3/5 | 3/5 |
| Foundation Year | 2014 | 2009 |
| Regulated in Countries | Comoros | Mauritius, Seychelles, Saint Vincent and the Grenadines |
| Regulators | MISA MISA | FSC FSC SFSA SFSA SVGFSA SVGFSA |
xChief
ForexChief is of medium credibility, having a license from a body in an offshore jurisdiction.
Orbex
Orbex is regulated by the FSA and FSC, but the absence of oversight by strict regulators may raise trust issues.
Pros
- Presence in the international market.
Cons
- Lack of oversight by strict Forex broker regulators.
Account Opening
| Broker | xChief | Orbex |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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xChief
Opening an account with Forex Chief is simple and fast thanks to a clear registration and verification process.
Orbex
Opening an account with Orbex is simple and structured, but requires attention to detail.
Pros
- Easy online registration process.
- Fast verification if documents are in English.
Cons
- Requirement for detailed profile completion.
- Necessity to upload several documents.
Account Types
| Broker | xChief | Orbex |
|---|---|---|
| Account Types | 5/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| 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
- Wide selection of accounts: DirectFX, Classic+, cent, and Islamic.
- Demo accounts are available for novice traders.
- Investment accounts available: PAMM accounts and copy trading.
Orbex
Orbex offers a variety of accounts that satisfy most traders.
Pros
- Wide selection of accounts for different levels of experience.
- Additional options such as VPS and PAMM accounts.
- Opportunity to trade without swaps.
Cons
- Absence of cent accounts.
- No accounts with fixed spreads.
Commissions
| Broker | xChief | Orbex |
|---|---|---|
| Commissions | 4.2/5 | 1.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.7 | 1.5 |
| Commission per Lot | $2.5 | $4 |
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.
Orbex
Orbex's commissions are higher than the market average.
Pros
- No commissions for depositing or withdrawing funds.
Cons
- High transaction commission on Premium accounts.
- Above-average swap costs.
- Inactivity fee.
Deposit and Withdrawal
| Broker | xChief | Orbex |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
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xChief
ForexChief offers a wide range of deposit and withdrawal methods without any fees on their part, with fast processing of requests.
Orbex
Orbex offers convenient and fast methods for depositing and withdrawing without commissions.
Pros
- Wide selection of methods.
- No commissions.
- Fast processing of most operations.
Markets and Products
| Broker | xChief | Orbex |
|---|---|---|
| Markets and Products | 4/5 | 5/5 |
| Forex | 39 | 36 |
| Precious Metals | 2 | 4 |
| Energy Carriers | 3 | 1 |
| Indices | 10 | 5 |
| Stocks | 100 | 146 |
| Cryptocurrency | 5 | 11 |
| Soft Commodities | - | 3 |
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.
Orbex
Orbex offers a variety of markets and products with flexible leverage.
Trading Platforms
| Broker | xChief | Orbex |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
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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.
Orbex
Orbex offers MT4 and MT5, providing good functionality and accessibility.
Pros
- Availability of MT4 and MT5.
- Accessibility on different devices.
- Wide range of functionalities.
Cons
- Lack of WebTrader versions.
- No alternative to MetaTrader.
Analytics
| Broker | xChief | Orbex |
|---|---|---|
| Rating | 3/5 | 5/5 |
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.
Orbex
Orbex offers high-quality analytics with extensive tools and expert reports.
Pros
- Comprehensive market analysis.
- Use of AI and algorithms.
- Live streams and expert reports.
Education
| Broker | xChief | Orbex |
|---|---|---|
| Rating | 3/5 | 4/5 |
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.
Orbex
Orbex offers a variety of educational materials, including webinars and books.
Pros
- Webinars and seminars in different languages.
- Free e-books.
- Video tutorials on working with MT4.
Cons
- No personalized training.
Customer Support
| Broker | xChief | Orbex |
|---|---|---|
| Rating | 4/5 | 3/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
Facebook
Instagram
LinkedIn
YouTube
Telegram
TikTok
Pinterest
Google NewsxChief
ForexChief support is well-organized and easily accessible, but has limited operating hours.
Orbex
Orbex's customer support has mixed reviews.
Pros
- 24/7 operation.
- A variety of communication channels.
- Quick response in some cases.
Cons
- Variable quality of service.
