xChief Overall rating

	Rating	Weight
User Rating	3.7 (3 reviews)	3
Popularity	3.3	3
Regulation	2.0	2
Pricing rating	4.7	1
Features	Not rated	1
Customer Support	Not rated	1

We tested xChief using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

xChief, founded in 2014, is a privately owned broker that is regulated by Comoros – ML MISA. It has a user rating of 3.7 out of 5 based on three user reviews, none of which are from verified accounts. The broker ranks 59 out of 1102 forex brokers based on user ratings and 170 out of 1102 based on expert ratings.

xChief has a popularity rating of 3.3 out of 5, indicating a moderate level of activity and web traffic, with 86,548 organic monthly visits and ranking 137 out of 1102 forex brokers for organic traffic.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
xChief Ltd	Comoros - ML MISA					1000 : 1

Deposit Insurance

xChief does not provide a deposit compensation scheme, which means investors are not compensated if the broker fails. This is an important consideration for traders looking to protect their capital.

While the broker does offer segregated client money and negative balance protection, the absence of a deposit compensation scheme adds a level of risk.

Spreads and Costs

When comparing xChief to industry-leading brokers, it becomes clear that xChief has relatively high forex spreads. For example, its average forex spread is 2.97, which is higher than the spreads offered by brokers like IC Markets and IG.

However, its commodities spreads are more competitive, averaging 0.20.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool (spread analyzer), which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

Comparing xChief to other brokers, xChief offers a high maximum leverage of 1000:1 and competitive swap rates. However, it falls short in regulatory oversight, being regulated only by Comoros – ML MISA.

User reviews are limited and unverified, with a user rating of 3.7 out of 5. In contrast, brokers like IC Markets and IG have more comprehensive regulatory frameworks and generally offer lower spreads across asset classes.

xChief’s web traffic and popularity are moderate, with 86,548 organic monthly visits. While it offers a range of trading platforms including MetaTrader 4 and 5, and its proprietary xChief App, the broker's transparency regarding its financials and ownership structure is lacking.

Trading Platforms - Mobile, Desktop, Automated

xChief offers a variety of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop, mobile, and web, as well as their proprietary xChief App for mobile trading.

MT4 and MT5 are popular platforms known for their robust charting tools, extensive range of indicators, and automated trading capabilities through their respective scripting languages, MQL4 and MQL5.

The xChief App provides a user-friendly interface for on-the-go trading but lacks automated trading features.

What Can you Trade?

xChief offers a wide range of tradable instruments, including 39 forex CFDs, 5 crypto CFDs, 100 stock CFDs, 10 stock index CFDs, and 5 commodities CFDs. They do not offer ETFs, bond CFDs, or futures CFDs. Trading CFDs means that you do not own the underlying asset but are speculating on its price movement.

This allows for the use of leverage, which can amplify both gains and losses. For a complete list of available instruments, visit xChief's contract specifications web page.

Available Leverage

xChief offers leverage up to 1000:1 for retail clients, regulated by Comoros – ML MISA. Leverage allows traders to control a larger position with a smaller amount of capital, increasing potential profits but also potential losses.

Specific leverage levels can vary depending on the asset class and the trader’s country of residence.

Prohibited Countries

xChief does not accept clients from certain countries due to regulatory restrictions. These countries include the United States, Canada, Japan, and several others. For a complete list of prohibited countries, refer to xChief's official website.

xChief Account types

	Classic+	CENT	DirectFX	xPRIME
Maximum leverage	1000:1	500:1	1000:1
Mobile Platform	MT4 Mobile, MT5 Mobile
Trading platform	MT4, MT5
Spread Type	Variable Spread
Minimum Deposit	10	0	50	2000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Classic+
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	CENT
Maximum leverage	500:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	DirectFX
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	xPRIME
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	2000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

xChief Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

xChief Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Trading API

Cent accounts

Social trading

Bonuses

Interest on margin

Fixed spread

Variable spread