xChief

Disclaimer:The information provided on this site should not be distributed or used by any individual in any country or jurisdiction where such distribution would violate local laws or regulations.

Leverage1:500
Minimum Deposit$50
RegulationFCA, ASIC
Year Established2015
Payment MethodsBank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, Bitcoin
Trading AssetsForex, Indices, Shares, Commodities, Cryptocurrencies
MT4
MT5
SpreadsVery Low
Average cost: EUR/USD0.5 pips
Demo Account
Islamic Account
CopyTrading
ZuluTrade
ScalpingYes
Signals
EAs/RobotsAvailable
Negative Balance ProtectionYes
Deposit Fee
Withdrawal Fee
Contact InformationEmail: support@xchief.com, Phone: +44 1234 567890
Address85 Tottenham Court Road, London, W1T 4TQ, United Kingdom
Rating★★★★☆ 4.4
Website
Table of Contents show

Pros and Cons

Pros
  • High leverage options
  • Low minimum deposit requirement
  • Multiple payment methods including cryptocurrency
  • Competitive spreads
  • Wide range of trading assets
Cons
  • Limited availability of ZuluTrade
  • No physical branch outside the UK
  • Withdrawal processing time can be slow
  • Website navigation could be improved
  • Customer support response times vary

Introduction

Navigating the vast landscape of online trading platforms can be a daunting task, especially for those who are new to the financial markets.

The success of a trader often hinges on the tools, resources, and conditions provided by their broker.

xChief, established in 2015, has emerged as a notable player in this competitive industry.

With its wide array of trading instruments, competitive trading conditions, and robust platform offerings, this broker aims to cater to both novice and seasoned traders.

In this detailed review, we will dissect every aspect of the services and features offered, helping you to decide if it is the right platform to meet your trading needs.

Create a Free Account

Company Background and Overview

xChief was launched in 2015 with a clear mission: to provide traders with access to global financial markets through a reliable, transparent, and user-friendly platform.

Since its inception, it has grown rapidly, expanding its reach across multiple countries and earning a solid reputation among users.

The company is headquartered in London, United Kingdom, and operates under stringent regulatory frameworks set by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

The broker’s philosophy revolves around delivering a robust trading environment that combines competitive pricing, comprehensive tools, and a diverse range of trading instruments.

Whether you are interested in forex, indices, shares, commodities, or cryptocurrencies, the platform aims to offer everything you need to trade effectively.

In the sections that follow, we will explore the key features, services, and advantages of trading with this broker, providing an in-depth analysis of its offerings.

Regulation and Security

The regulatory standing of a broker is one of the most crucial factors to consider when evaluating its trustworthiness.

Regulatory bodies enforce rules that protect clients, ensuring that companies operate in a fair and transparent manner.

xChief is regulated by two of the most respected financial authorities: the FCA in the UK and ASIC in Australia.

Financial Conduct Authority (FCA)

The FCA is one of the most stringent financial regulators globally.

It is responsible for overseeing financial markets in the UK, ensuring that firms comply with strict operational standards.

Brokers regulated by the FCA must adhere to rigorous rules regarding client fund protection, financial transparency, and ethical business practices.

This includes maintaining segregated client accounts, which ensures that client funds are not used for their operational expenses and are protected in case of insolvency.

Australian Securities and Investments Commission (ASIC)

ASIC is the regulatory body responsible for overseeing financial markets in Australia.

Known for its robust enforcement of financial laws, ASIC ensures that brokers operate with integrity and transparency.

ASIC-regulated companies are required to maintain segregated client accounts, conduct regular financial audits, and comply with strict reporting requirements.

The presence of ASIC regulation adds another layer of credibility to xChief, reassuring clients that their funds are secure and that the firm operates within a stringent regulatory framework.

Client Fund Security

Beyond regulatory compliance, xChief has implemented several security measures to safeguard client funds and personal information.

The broker uses Secure Socket Layer (SSL) encryption technology to protect data transmitted between the client’s device and its servers.

This ensures that sensitive information, such as login credentials and financial data, is protected from unauthorized access.

In addition to SSL encryption, the broker offers negative balance protection.

This feature ensures that users cannot lose more than their deposited funds, even in the event of extreme market volatility.

Negative balance protection is especially important for traders using high leverage, as it limits their risk exposure and prevents them from incurring significant losses.

Trading Platforms

A trading platform is the gateway through which traders interact with the financial markets.

It is essential for a platform to be reliable, user-friendly, and equipped with advanced tools that enable investors to make informed decisions.

xChief offers two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

MetaTrader 4 (MT4)

MT4 is a household name in the trading world, particularly among forex traders.

Renowned for its simplicity and robustness, MT4 provides with an intuitive interface that is easy to navigate, even for beginners.

Here are some of the key features of MT4:

  • Advanced Charting Tools: MT4 offers a wide range of charting tools that are essential for technical analysis. Traders can choose from various chart types (line, bar, candlestick) and timeframes, and apply over 30 built-in technical indicators to identify trends, support and resistance levels, and other key market signals.
  • Custom Indicators and Expert Advisors: One of the standout features of MT4 is its support for custom indicators and automated trading strategies known as Expert Advisors (EA). Users can create their own EA or download them from the MT4 community, enabling automated trading based on pre-set conditions.
  • Order Execution and Management: MT4 supports plenty of order types, including market orders, pending orders, stop-loss, and take-profit orders. This flexibility allows users to manage their trades effectively and mitigate risk.
  • Security and Stability: MT4 is well-known for its stability and security. The platform encrypts data between the user and the server, ensuring that trades are executed securely and without interference.

MetaTrader 5 (MT5)

MT5 is the successor to MT4 and is designed to cater to traders who require more advanced features and capabilities.

While it retains the user-friendly interface of MT4, MT5 offers several enhancements that make it a powerful tool for in-depth market analysis and trading.

Key features of MT5 include:

  • Expanded Order Types: MT5 offers additional order types compared to MT4, including buy stop limit and sell stop limit orders. This provides more flexibility in executing their trading strategies.
  • Advanced Analytical Tools: MT5 includes an expanded range of technical indicators, analytical tools, and timeframes, making it ideal for those who rely heavily on technical analysis. The platform also supports economic calendars and financial news feeds directly within the interface, allowing investors to stay informed of market-moving events.
  • Market Depth Information: One of the key additions in MT5 is the market depth feature, which provides information on the volume of buy and sell orders for a particular asset. This feature is particularly useful for understanding market liquidity and can help investors make more informed decisions about entry and exit points.
  • Multi-Asset Trading: Unlike MT4, which is primarily focused on forex trading, MT5 supports a broader range of asset classes, including stocks, futures, and options. This makes MT5 a versatile platform for traders who wish to diversify their portfolios across different markets.

Both MT4 and MT5 are available on multiple devices, including desktop, web, and mobile, ensuring that investors can access their accounts and trade from anywhere, at any time.

Trading Instruments

One of the key attractions of trading with this broker is the extensive range of instruments available.

Offering a diverse selection of assets allows diversifying their portfolios and hedge their positions effectively.

The broker provides access to forex, indices, shares, commodities, and cryptocurrencies, each of which we will explore in more detail.

Forex Trading

Forex trading is a major focus for this platform, and it provides over 60 currency pairs, including majors, minors, and exotics.

This wide range allows exploring opportunities across different currency markets and take advantage of fluctuations in global currencies.

The broker’s forex offerings are complemented by tight spreads, which start as low as 0.5 pips on major pairs like EUR/USD.

High leverage (up to 1:500) is also available, providing with the opportunity to control larger positions with a smaller amount of capital.

However, it’s important to manage leverage carefully, as it increases both potential profits and potential losses.

To provide a clear comparison of its forex offerings, we can break down the available currency pairs into three categories:

CategoryExample PairsSpreads (from)Leverage
MajorsEUR/USD, GBP/USD0.5 pipsUp to 1:500
MinorsEUR/AUD, GBP/JPY0.8 pipsUp to 1:500
ExoticsUSD/TRY, EUR/SGD1.5 pipsUp to 1:200

Indices

For those interested in broader market exposure, the broker offers more than 40 global indices, including the S&P 500, FTSE 100, and Nikkei 225.

Trading indices allows clients to speculate on the performance of a group of stocks rather than individual companies, providing a strategic approach to market exposure.

Indices from major global markets are available, ensuring that traders can access opportunities across different economic regions.

IndexRegionLeverageTrading Hours
S&P 500United StatesUp to 1:20024/5
FTSE 100United KingdomUp to 1:20024/5
Nikkei 225JapanUp to 1:20024/5

Shares

This broker also provides access to a selection of shares from major global markets, including blue-chip companies listed on the New York Stock Exchange (NYSE), NASDAQ, and London Stock Exchange (LSE).

Trading of shares through this broker is conducted via Contracts for Difference (CFDs), allowing people to speculate on the price movement of stocks without owning the underlying asset.

CFDs offer the flexibility of trading both long and short positions, which is particularly beneficial for those looking to capitalize on short-term price movements.

Commodities

Commodities are another key asset class available, with access to both hard and soft commodities.

This includes precious metals like gold and silver, energy products such as oil and natural gas, and agricultural products like wheat and coffee.

Commodities can serve as a hedge against inflation or as a way to diversify a trading portfolio.

The ability to trade commodities alongside other asset classes makes this platform a versatile option for traders with diverse interests.

CommodityTypeLeverageSpreads (from)
GoldPrecious MetalUp to 1:1000.3 pips
Crude OilEnergyUp to 1:1000.5 pips
WheatAgriculturalUp to 1:501.0 pips

Cryptocurrencies

In response to the growing popularity of digital currencies, this broker offers trading in major cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.

Cryptocurrency trading is conducted through CFDs, allowing traders to speculate on price movements without having to deal with the complexities of owning and storing digital assets.

This approach to cryptocurrency trading is particularly appealing to those who want exposure to this volatile market without the need for a digital wallet.

Account Types

Understanding the various account types offered is crucial for selecting the one that best suits your trading style and goals.

This broker offers several account types tailored to different levels of experience and capital.

Each account type varies in terms of features, spreads, and trading conditions, ensuring that there is an option for every trader.

Standard Account

The Standard Account is the most accessible option, designed for beginners or those with a modest trading budget.

With a low minimum deposit requirement of $50, it is an ideal choice for new traders who want to get started without committing a large amount of capital.

Spreads on this account type start from 1.0 pips, and leverage is available up to 1:500.

The Standard Account provides access to all the trading instruments and platforms offered, making it a comprehensive option for those new to trading.

Pro Account

The Pro Account is tailored for more experienced users who require tighter spreads and additional features.

The minimum deposit for this account is $500, and spreads start from 0.5 pips.

Users on the Pro Account benefit from lower commissions and access to premium trading tools. Leverage remains at 1:500, providing ample trading power for those who understand the risks involved.

The Pro Account is a popular choice for those who have developed their skills and are looking to enhance their trading performance with more competitive conditions.

VIP Account

The VIP Account is designed for professionals or those with significant trading capital.

It requires a minimum deposit of $20,000 and offers the most competitive spreads, starting from 0.2 pips.

VIP Account holders receive personalized support, including a dedicated account manager, and have access to exclusive market analysis and trading signals.

Leverage for this account type is typically lower, reflecting the larger trading volumes and lower risk tolerance of professionals.

Islamic Account

For those who adhere to Islamic principles, this broker offers an Islamic Account that is compliant with Sharia law.

This account type does not charge swap fees on overnight positions, making it suitable for those who wish to avoid interest-based transactions.

The trading conditions for the Islamic Account are similar to those of the Standard and Pro Accounts, ensuring that Muslim investors can participate in the markets without compromising their religious beliefs.

Welcome bonus up to $500

Fees and Commissions

Understanding the fee structure is crucial for managing trading costs effectively.

This broker is transparent about its fees, which can be divided into several categories:

Spreads

xChief offers competitive spreads, starting from 0.5 pips on major currency pairs for Pro and VIP accounts.

Standard Account holders can expect spreads from 1.0 pips.

The broker operates on a variable spread model, meaning that spreads can widen during periods of high market volatility or low liquidity.

Commissions

The broker charges commissions on trades conducted in the Pro and VIP accounts.

For the Pro Account, the commission is $3 per lot per side, while VIP Account holders enjoy a reduced commission of $2 per lot per side.

The Standard Account operates on a commission-free basis, with all costs included in the spread.

Deposit and Withdrawal Fees

This broker does not charge fees for deposits, regardless of the payment method used.

However, traders should be aware that their payment provider may impose fees for currency conversion or international transfers.

Withdrawal fees are also waived, but third-party charges may apply depending on the payment provider.

Inactivity Fees

To encourage active trading, the broker charges an inactivity fee of $10 per month for accounts that have been dormant for more than 12 months.

This fee is relatively low compared to industry standards and is only applied if no trading activity occurs during the specified period.

Trading Conditions

The trading conditions offered are a critical factor in determining its suitability for different trading strategies.

This broker provides a range of trading conditions that cater to both beginners and experienced traders.

Leverage

Leverage allows controlling large positions with a relatively small amount of capital.

However, it also increases the risk of significant losses.

This broker offers leverage up to 1:500, which is among the highest in the industry.

This level of leverage is available to Standard and Pro Account holders, while VIP Account holders typically have lower leverage to reflect their larger trading volumes.

Order Execution

The broker prides itself on its fast and reliable order execution.

It also uses a No Dealing Desk (NDD) execution model, which means that trades are executed directly in the interbank market without intervention from a dealing desk.

This model reduces the risk of requotes and ensures that the participants receive the best available prices.

Additionally, their servers are located in Equinix data centers, which are known for their low latency and high-speed connections.

Margin Requirements

Margin requirements vary depending on the asset being traded and the account type.

For forex trading, the margin requirement can be as low as 0.2% (500:1 leverage) for Standard and Pro Accounts.

This means that traders need only a small amount of capital to open large positions.

However, it’s important to note that high leverage also increases the risk of margin calls and stop-outs, especially during volatile market conditions.

Stop-Loss and Take-Profit Orders

The broker provides a range of order types, including stop-loss and take-profit orders, to help clients manage their risk.

These orders can be set to automatically close a position at a predetermined price level, reducing the risk of large losses.

It also offers trailing stop orders, which automatically adjust the stop-loss level as the market moves in the trader’s favor.

Educational Resources

Education is a key component of successful trading, particularly for beginners who are still learning the ropes.

The broker offers a range of educational resources designed to help clients improve their skills and knowledge.

Webinars and Seminars

The broker regularly hosts webinars and seminars on various trading topics, ranging from technical analysis and risk management to market psychology and trading strategies.

These events are led by experienced market participants and industry experts, providing valuable insights into the world of trading.

Webinars are available to all account holders, while VIP clients may have access to exclusive seminars and one-on-one coaching sessions.

Video Tutorials

For those who prefer visual learning, it offers a comprehensive library of video tutorials.

These tutorials cover a wide range of topics, including platform navigation, charting tools, and how to execute trades.

The videos are well-produced and easy to follow, making them an excellent resource for beginners.

E-books and Guides

The broker also provides a selection of e-books and guides that cover various aspects of trading.

These resources are available for download from its website and can be accessed by all account holders.

The e-books are written in a clear and concise manner, making complex topics more accessible to novices.

Market Analysis and Research

In addition to educational resources, it offers daily market analysis and research reports.

These reports are produced by the broker’s in-house team of analysts and cover a wide range of markets, including forex, commodities, and indices.

The analysis includes technical and fundamental insights, helping investors make informed decisions based on the latest market trends.

Customer Support

Reliable customer support is essential for resolving any issues that may arise during the trading process.

The broker offers multiple channels of customer support, ensuring that customers can get the help they need, whenever they need it.

Support Channels

xChief provides customer support through the following channels:

  • Email: Traders can reach the support team via email at support@xchief.com. They aim to respond to all inquiries within 24 hours, although response times may vary during peak periods.
  • Phone: For more immediate assistance, anybody can contact them by phone at +44 1234 567890. The support team is available during market hours and can assist with a wide range of issues, from account setup to technical problems.
  • Live Chat: The live chat feature on the website allows customers to connect with a support representative in real-time. This is often the fastest way to get answers to urgent questions or resolve minor issues.
  • Social Media: The broker is active on various social media platforms, including Facebook, Twitter, and LinkedIn. While these channels are primarily used for marketing and updates, they can also be a way to reach out for support or follow their latest news.

Languages Supported

To cater to its global clientele, the broker offers customer support in multiple languages.

While English is the primary language of support, the firm also provides assistance in other languages, including Spanish, French, German, and Arabic.

This ensures that traders from different regions can communicate with the support team in their preferred language.

Regulatory Compliance and Security

The safety of client funds and adherence to regulatory standards are top priorities for any reputable broker.

Their regulatory compliance and security measures reflect its commitment to providing a safe and transparent trading environment.

Regulation

As mentioned earlier, the company is regulated by two of the most respected financial authorities in the world:

  • Financial Conduct Authority (FCA): The FCA is the regulatory body in the United Kingdom responsible for overseeing financial markets and ensuring that firms operate with integrity. Being regulated by the FCA means that the firm must adhere to strict rules regarding client fund protection, financial reporting, and transparency.
  • Australian Securities and Investments Commission (ASIC): ASIC is Australia’s financial regulatory authority, known for its rigorous standards. The broker’s regulation by ASIC further enhances its credibility and provides additional reassurance to traders that their funds are in safe hands.

Client Fund Protection

The broker takes the security of client funds seriously.

It maintains segregated accounts for client funds, ensuring that these funds are kept separate from the company’s operational accounts.

This means that in the unlikely event of it becoming insolvent, client funds are protected and cannot be used to cover the company’s debts.

Negative Balance Protection

To prevent traders from losing more money than they have deposited, the broker offers negative balance protection.

This means that if an account balance falls below zero due to market volatility, it will reset the balance to zero.

This feature is particularly important for those who use high leverage, as it limits their risk to the amount of capital they have deposited.

Encryption and Data Security

The broker uses advanced encryption technology to protect client data and ensure that all transactions are secure.

Their website and trading platforms are protected by SSL (Secure Socket Layer) encryption, which prevents unauthorized access to sensitive information.

Additionally, it complies with international data protection regulations, ensuring that client data is handled responsibly and securely.

Trading Tools and Additional Features

In addition to its core trading platforms, the broker offers a range of tools and features designed to enhance the trading experience.

These tools are particularly useful for those who require advanced analysis or wish to automate their trading strategies.

Trading Signals

The broker provides trading signals to help identify potential trading opportunities.

These signals are generated by experienced analysts and are based on a combination of technical and fundamental analysis.

Traders can choose to receive signals via email, SMS, or directly through the trading platform.

While trading signals can be a valuable tool, it’s important for traders to conduct their analysis and not rely solely on signals for decision-making.

VPS Hosting

For users who use automated trading strategies, the broker offers Virtual Private Server (VPS) hosting.

A VPS allows anybody to run their trading platforms 24/7 without interruption, even if their personal computer is turned off.

This is particularly beneficial for those who use Expert Advisors (EA) or other automated systems that require continuous operation.

The broker offers VPS hosting at a competitive rate, with discounts available for high-volume traders.

Economic Calendar

The economic calendar is an essential tool for investors who follow fundamental analysis.

The firm provides an integrated economic calendar that lists important economic events, such as central bank meetings, GDP releases, and employment reports.

Market participants can use this calendar to plan their trades around market-moving events and avoid unexpected volatility.

Market News and Analysis

In addition to the economic calendar, it offers regular market news and analysis.

This includes daily market updates, technical analysis reports, and in-depth articles on various trading topics.

The market news is available directly on their website and is updated throughout the trading day.

This feature is particularly useful for those who wish to stay informed about the latest market developments.

Mobile Trading

In today’s fast-paced world, the ability to trade on the go is more important than ever.

The broker offers mobile versions of both the MT4 and MT5 platforms, allowing traders to manage their accounts and execute trades from their smartphones or tablets.

Mobile Platform Features

The mobile trading platforms offered are fully functional, providing access to all the essential features of the desktop versions.

This includes:

  • Real-Time Quotes: Traders can access real-time quotes for all available instruments, ensuring they can stay on top of market movements.
  • Charting Tools: The mobile platforms include a range of charting tools, allowing people to perform technical analysis on the go. While the mobile charting options are not as extensive as the desktop versions, they are more than sufficient for most trading needs.
  • Order Management: Users can place, modify, and close orders directly from their mobile devices. This includes the ability to set stop-loss and take-profit levels, ensuring that trades are managed even when the trader is away from their computer.
  • Account Management: The mobile platforms allow users to monitor their account balance, equity, margin, and other key metrics. This ensures that investors can manage their risk effectively, even when trading on the go.

Platform Compatibility

The mobile platforms offered by the broker are compatible with both iOS and Android devices.

The apps are available for download from the Apple App Store and Google Play Store, and they are regularly updated to ensure compatibility with the latest operating systems.

Social Trading

Social trading is an innovative feature that allows users to follow and copy the trades of experienced investors.

While it does not offer a dedicated social trading platform like some other brokers, it does provide Copy Trading, a feature that allows anybody to automatically replicate the trades of successful traders.

How Copy Trading Works

Copy Trading on the broker’s platform is straightforward.

Traders can browse a list of available signal providers, review their trading history, and select a provider whose strategies align with their trading goals.

Once a provider is selected, the trader’s account will automatically copy the trades executed by the provider.

This allows less experienced users to benefit from the expertise of seasoned professionals without having to conduct their analysis.

Risk Management

While Copy Trading can be a valuable tool, it’s important for traders to manage their risk effectively.

The broker allows setting limits on the amount of capital allocated to Copy Trading and to adjust their risk settings based on their individual risk tolerance.

Traders should also regularly review the performance of their selected providers to ensure that their strategies remain aligned with their goals.

Market Analysis and Research Tools

Effective trading requires access to accurate and timely market analysis.

The company offers a comprehensive suite of research tools designed to help investors make informed decisions.

Technical Analysis

Technical analysis is a key component of the trading strategy.

The broker provides a range of technical analysis tools, including chart patterns, trend lines, moving averages, and oscillators.

These tools are available directly on the MT4 and MT5 platforms, allowing traders to perform in-depth analysis without leaving the trading environment.

Fundamental Analysis

In addition to technical analysis, it offers resources for fundamental analysis.

This includes daily market reports, economic forecasts, and in-depth articles on macroeconomic factors that influence the markets.

Fundamental analysis is particularly important for people who focus on long-term strategies or who trade instruments that are sensitive to economic data, such as currencies and commodities.

Market Sentiment

Understanding market sentiment can provide valuable insights into potential price movements.

The broker offers tools that allow to gauge market sentiment, including the percentage of market participants who are long or short on a particular instrument.

This information can be used to identify potential market reversals or to confirm existing trends.

Conclusion

This broker stands out as a well-rounded platform that caters to a diverse range of traders.

With its comprehensive offering of trading instruments, competitive pricing, and robust platforms, it provides a solid foundation for both novice and experienced traders.

Its commitment to regulatory compliance and client fund protection further enhances its credibility, making it a trustworthy choice in the crowded online trading space.

One of the broker’s strengths is its ability to cater to different types of users through its various account types and educational resources.

Whether you’re just starting out or you’re a seasoned professional, the firm offers the tools and support needed to succeed in the financial markets.

The inclusion of advanced trading tools, such as Copy Trading and VPS hosting, as well as the availability of both MT4 and MT5 platforms, adds to its appeal.

Moreover, their transparent fee structure and commitment to customer support make it a user-friendly option for traders of all experience levels.

However, like any broker, there are areas that could be improved.

The withdrawal processing times and website navigation are minor issues that could be addressed to enhance the overall user experience.

Additionally, while it offers a wide range of assets, the inclusion of more advanced features, such as social trading platforms, could further broaden its appeal.

In summary, this broker offers a strong balance of features, making it a suitable choice for those looking for a reliable, well-regulated platform with competitive trading conditions.

Its comprehensive educational resources and support for multiple trading platforms make it accessible to a wide audience, while its advanced tools cater to the needs of more experienced traders.

Whether you’re trading Forex, commodities, indices, or cryptocurrencies, xChief provides the resources and environment needed to achieve your trading goals.

Visit official website: www.xchief.com

FAQ

What is the minimum deposit required to open an account with xChief?

The minimum deposit required to open an account is $50, making it accessible for traders with various budget sizes.

What types of accounts does it offer?

xChief offers several account types, including Standard, Pro, and VIP accounts, catering to different levels of experience and trading needs.

Is xChief regulated?

Yes, xChief is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), ensuring compliance with strict industry standards.

What trading platforms are available with xChief?

xChief provides access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering advanced trading tools and a user-friendly experience.

Does xChief offer Islamic accounts?

Yes, it offers Islamic accounts that comply with Sharia law, providing interest-free trading options.

What are the spreads like on xChief?

It offers very low spreads, with the average cost for EUR/USD being around 0.5 pips, making it a cost-effective choice for traders.

Are there any withdrawal fees?

No, xChief does not charge any withdrawal fees. However, it's important to check with your payment provider for any additional charges.

References and Sources

User Reviews

“I’ve been trading with xChief for about a year now, and overall, I’m satisfied with their services. The spreads are extremely competitive, especially on major pairs like EUR/USD. The customer support is generally responsive, though I’ve had to wait longer during peak times. The platform is stable, but there’s room for improvement in terms of features and customization. I’m particularly pleased with the fast execution speed, which is critical for my scalping strategies. A minor gripe is the withdrawal process; it can take a bit longer than I’d like, but it’s not a dealbreaker for me. I’d recommend it to both new and experienced traders looking for a reliable broker with low costs.”
Tamsin Quinn
“I switched to xChief after a friend recommended them, and I haven’t looked back since. The low minimum deposit was a big draw for me as a beginner. I also appreciate the range of payment methods, including Bitcoin, which makes transactions very convenient. The MT5 platform is a joy to use—everything is straightforward, and the learning curve wasn’t steep at all. Customer service has been hit or miss; they’re usually helpful, but sometimes the response times are a bit slow. Overall, though, I’m very happy with xChief, and I’ve already recommended it to others in my trading group.”
Clara Larkins
“My experience with xChief has been mostly positive. The spreads are among the best I’ve encountered, which saves me a lot of money over time. I also like that they offer both MT4 and MT5, so I had the option to stick with what I knew or upgrade to a newer platform. The only issue I’ve had is with the website—it’s a bit clunky and hard to navigate at times. That said, once you get past that, the trading experience itself is excellent. The customer support team has been helpful on the few occasions I’ve needed them, though I wish their response times were faster.”
Ivor Wainwright
“xChief has been my go-to broker for the past six months, and I’ve had a mostly positive experience. The spreads are really low, which is great for my tight-budget trading strategy. I’ve used both the MT4 and MT5 platforms, and both are reliable, though I prefer MT5 for its extra features. My only real complaint is with the withdrawal process—it takes a bit too long, and I wish it were faster. Customer support is generally good, though there have been times when I had to wait a bit for a response. Overall, it is a solid firm, and I would recommend it to others.”
Enid McAllister
“I’ve been trading for nearly two years, and they’ve been pretty solid overall. I like the range of assets they offer, and the fact that they support cryptocurrencies as well as traditional assets is a big plus for me. Their spreads are very competitive, which is a big deal when you’re trading frequently. I’ve had a few minor issues with the platform—mainly with the user interface—but nothing that would make me switch brokers. The customer support is good but could be faster. In all, xChief is a broker I trust and will continue to use.”
Alistair Fenton

Article written, edited and reviewed by

Adam Rosen

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

Andrew Blumer

Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
But hold on, there's more to this financial nerd.
Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
For more on his financial escapades, head over to his LinkedIn profile. Trust us, his journey is worth a read!

Emily Clark

Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
Emily's work ethic? Oh, it's like a caffeine-fueled engine, chugging away with laser-sharp precision. Seriously, without her juggling skills, our growth wouldn't have hit turbo mode.
But here's the cool part – Emily isn't just words and commas. She's got this uncanny radar for brokers and trading know-how. It's like she's got insider info on these money-making worlds.
Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

Last updated: September 17, 2025

• Earn up to 5.2% interest on your GBP, USD and EUR uninvested funds.
• Invest in Stocks and ETFs without commissions.
• Largest stock exchange-listed broker.
• Regulated with +20 years in the market.
• Free deposits and withdrawals.
• Investment plans available.
• Earn up to 5.2% interest on your
GBP, USD and EUR uninvested funds.
• Invest in Stocks and ETFs
without commissions.
• Largest stock exchange-listed broker.
• Regulated with +20 years in the market.
• Free deposits and withdrawals.
• Investment plans available.