XChief

xChief Review: Is xChief a Good Broker?

Broker overview and general information

xChief is an online broker founded in 2014 and offers trading in a wide range of financial markets including currencies, precious metals, indices, commodities, stocks and cryptocurrencies, using Contracts for Difference (CFDs) trading via the MT4 and MT5 platforms.

Throughout its history, xChief has continuously developed and expanded its services. One of the company's key milestones was the rebranding from ForexChief to xChief in 2023 to reflect the company's growth and new image that aims to align with the global market.

This broker highlights important historical events such as:

• Expand customer base to over 1,000,000 worldwide

• Develop a more stable and clear trading environment

• Licensed by regulatory authorities in multiple countries

Licensing and Regulation

If you ask whether xChief broker is good, you have to consider the license and regulation that states that it operates under the licenses of the following agencies.

• MISA – Mwali International Services Authority, License No. T2023379 under xChief Ltd.

Trading products and services

Tradable assets

xChief offers a wide range of asset classes, covering both primary and alternative markets, including:

• Forex (currencies): More than 40 pairs such as AUDUSD, EURUSD, GBPJPY, USDJPY, USDZAR.

• Metals: XAUUSD, XAGUSD

• Indices: ASX200, DAX40, FTSE100, HSI50, SPX500

• Commodities: XBRUSD, XNGUSD, XTIUSD

• Stocks: More than 100 stocks from foreign markets

• Cryptocurrencies: BTCUSD, ETHUSD, XRPUSD, LTCUSD, ADAUSD

While the core assets are fully covered, the number of some is relatively small compared to multi-asset focused brokers.

Trading platform

Users can trade on the following platforms:

1. MetaTrader 4 (MT4) – A popular trading tool, perfect for beginners.

2. MetaTrader 5 (MT5) – More features than MT4, supports a wide range of assets.

3. xChief Dashboard / Mobile App – Supports account management, deposits and withdrawals, sending orders, and other services via iOS/Android applications.

xChief Trading Account Types

The broker offers four account types, with varying conditions depending on the user's experience level and capital.

1. xPrime account

• Spread: Starting at 0.0 pips

• Leverage: Up to 1:1000

• Commission: $3 / €3 / £3 per side

• Swap: Available in both standard and swap-free versions.

• Minimum deposit: $2000

2. DirectFX account

• Spread: Starting at 0.3 pips

• Leverage: Up to 1:1000

• Commission: $2.5 per side

• Swap: Available in both standard and swap-free formats.

• Minimum deposit: $50

3. Classic+ account

• Spread: Starting at 0.6 pips

• No commission

• Leverage: 1:1000

• Swap: Supports both swap- and swap-free.

• Minimum deposit: $10

4. Cent account

• Spread: Starting at 0.9 pips

• Leverage: 1:500

• No commission

• Minimum deposit: None

Deposit and Withdrawal Review

The broker offers a wide range of deposit and withdrawal options, covering popular global solutions including:

Deposit channels

• Crypto P2P

• Coinbase Pay

• Visa/Mastercard

• SEPA

• Swift

• TCPay

• ePay

• xPay

• Local Bank Transfer (Multiple Countries)

Withdrawal channels

• Crypto P2P

• Coinbase Pay

• Visa/Mastercard

• SEPA

• Swift

• TCPay

• ePay

• xPay

• Local Bank Transfer

The broker states that there are no fees for deposits and withdrawals for many methods, but users should check before making a transaction, as processing times may vary by country.

xChief Bonuses and Promotions

Brokers offer bonuses and privileges to their users from time to time, such as welcome bonuses, no deposit bonuses, or loyalty programs. However, users should carefully read the terms and conditions, such as supported account types, wagering requirements, and bonus withdrawal limits.

Customer service

xChief's customer service is available 24/7 and supports multiple languages including English, Chinese, Arabic, Russian, Turkish, Indonesian, Spanish, Portuguese, Hindi, Urdu, and more, as well as multiple channels including:

• Live Chat

• Telegram

• WhatsApp

• Instagram

• Facebook

• Email

• Calls

• Private Chat / Ticket

Broker Review Overview Summary

xChief has been in business for over 10 years and is constantly adapting and expanding its services. Key features include support for standard platforms like MT4 and MT5, a wide range of account types, support for more languages than many other brokers, and a wide range of deposit and withdrawal options.

However, users should consider the limited number of assets in certain groups and further check the licensing and compliance information of the legal entity before making an investment decision.

Frequently Asked Questions about xChief

1. What platforms can I trade on?
MT4/MT5 and xChief apps

2. How many types of accounts are there to choose from?
There are 4 types in total: Cent, Classic+, DirectFX, and xPrime.

3. What withdrawal channels are supported?
Crypto P2P, Visa/Mastercard, SEPA, Swift, xPay and local bank transfers across multiple countries.

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