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Alpari , xChief Broker Comparison
Do you want to know which is the better broker between Alpari and xChief ?
In the table below, you can compare the features of Alpari , xChief side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
2.53
Regulated
Under guarantee
5-10 years
NBRB,CBR
Local Banking,Alternative Payment Method,TC Pay,UPI,Local Card,Crypto,Volet
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
STANDARD,ECN,PRO ECN
FX Metals Indices Commodities Crypto ETFs (only MT5)
$/€ 50 (MT4) | $/€ 100 (MT5)
1:1000
--
20.00
Floating,Variable
0.01
--
5.87
Regulated
Under guarantee
5-10 years
FSCA,MISA
Bank Transfer SWIFT,Crypto,Bank Transfer SEPA,Debit/Credit Card
C
D
770
563
640
563
1610
640
1610
C
EURUSD: 3
XAUUSD: 1
6
--
6
AA
--
12.5 USD/Lot
C
Long: -8.9
Short: 1.1
Long: -78.9
Short: 31.2
B
0.8
2
Classic+,CENT,xPRIME,DirectFX
70+ Forex, Metals, Commodities, Indices, Crypto
$10 (or equivalent)
1:1000
From 0.6
30.00
--
0.01
--
Alpari 、 xChief BrokerRelated News
Alpari 、 xChief BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do alpari and forexchief have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
alpari
| Quick Alpari Review Summary | |
| Company Name | Alpari (Comoros) Ltd |
| Founded in | 2002 |
| Registered in | Mauritius |
| Regulated by | NBRB |
| Trading Instruments | 120+ trading products including Forex, Metals, Commodities, Indices, Cryptos, and Stocks |
| Currency Pairs quantity | 60+ |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Account Type | Pro ECN, ECN, Standard |
| Min Deposit | $20 |
| Max Leverage | 1:3000 |
| Spread | 0.3 pips onwards (Standard account) |
| Trading Platform | Alpari App, MT4/MT5 |
| Deposit and Withdraw Methods | Credit/debit cards, e-wallets, bank wire transfers, and local payment solutions |
| Customer Service | Email: legal@alpari.com, Phone: 00 44 20 45 77 19 51, Livechat, Facebook |
| Customer Services Languages | English, Farsi, Russian |
| Headquarter Address | Bonovo Road, Fomboni, Island of Moheli, Comoros |
| Clients Regional Restriction | Alpari (Comoros) Ltd, does not provide services to residents of the USA, JMyanmarthe Democratic Republic of Korea, European Union, United Kingdon2, |
Alpari Information
Founded in 2002, Alpari is regulated by the NBRB in Belarus and has eight global offices with operations on three continents. Alpari does not offer services for the residents from the USA, Japan, Canada, Myanmar, the Democratic Republic of Korea, European Union, United Kingdom, Syria, Sudan and Cuba.
Pros and Cons
| Pros | Cons |
| Regulated by NBRB | Too many complaints |
| Many instruments available | No copy trading |
| Demo accounts | Regional restrictions |
| Low minimum deposit | |
| MT4 and MT5 platforms | |
| Live chat support |
Is Alpari Legit?
Yes. Alpari is regulated by National Bank of the Republic of Belarus (NBRB).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
 | NBRB | Alpari Evrasia Limited Liability Company | Retail Forex License | УНП192637625 |
Market Instruments
Alpari offers trading in Forex, Metals, Commodities, Indices, Cryptos, and Stocks.
| Tradable Assets | Available |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Fees
Demo Account: Alpari provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: there are in total 3 types of live account: Pro ECN, ECN, and Standard. In the table below you can see the details. The minimum deposit ranges from $/€50 to $/€500, and other conditions such as leverage, spread, and commissions are also different.
| Account Type | Pro ECN | ECN | Standard |
| Trading Instruments | FX, metals, indices, commodities, cryptos, stock CFDs (only MT5) | FX, metals, indices, commodities, cryptos | FX, metals, indices, commodities, cryptos |
| Min Deposit | $/€500 | $/€300 | $/€50 |
| Max Leverage | 1:3000 | 1:3000 | 1:1000 |
| Spread | From 0.0 pips | From 0.1 pips | From 0.3 pips |
| Commission | $25 per mil notional traded (FX, metals, indices, commodities) | ❌ | ❌ |
| 0.03% notional traded (crypto) | |||
| $0.02 per side/lot (stock CFD) | |||
| Trading Platform | MT4/MT5 | MT4 | MT4/MT5 |
| Margin Call | 80% | 80% | 50% |
| Stop Out | 50% | 50% | 20% |
| Swap Free | ✔ | ✔ | ✔ |
Leverage
Alpari offers a maximum leverage of up to 1:3000 for the Pro ECN and ECN accounts, while 1:1000 for the Standard accounts. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
| Account Type | Max Leverage |
| Pro ECN | 1:3000 |
| ECN | 1:3000 |
| Standard | 1:1000 |
Trading Platforms
Alpari uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface. Besides, Alpari offers a proprietary platform, which is available on desktop and mobile devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Mobile | / |
| MT4 | ✔ | iOS, Android, Mac, Webtrader | Beginners |
| MT5 | ✔ | iOS, Android, PC, Mac | Experienced traders |
Deposit and Withdrawal
Alpari accepts deposits and withdrawals via credit/debit cards, e-wallets, bank wire transfers, and local payment solutions.
The minimum deposit amount depends on the trading account you choose, and can vary between $20 and $500. There's no maximum deposit restriction on Alpari.
You can withdraw as much as you like, as long as you use the same payment method that you used to deposit with. If you still have open positions, youll need to leave enough free margin in your account to cover the withdrawal and any extra fees that may occur.
forexchief
| xChiefReview Summary | |
| Founded | 2014 |
| Registered Country/Region | Comoros |
| Regulation | MISA (Offshore) |
| Market Instruments | Forex, Metals, Commodities, Indexes, Stocks, Cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | MT4, MT5, xChief App |
| Min Deposit | 0 |
| Customer Support | Live chat, phone, email |
xChief Information
xChief (formerly ForexChief) is an online Forex and CFD trading broker that offers multiple assets for trading online via the MetaTrader4/5 platforms. Founded in 2014, its head office is in Vanuatu while other representative offices are in Singapore and Nigeria. xChief Ltd is incorporated in the Republic of Comoros.
Is xChief Legit?
xChief Ltd is a retail forex broker offshore regulated by the Mwali International Services Authority (MISA) in Comoros with the license number T2023379. Besides, xChief prioritizies the safety of client funds. If there are any losses caused by technical faults, xChief will compensate for them. It also protects clients' funds by segregating them into separate bank accounts.
Pros & Cons
xChief has several pros and cons. It offers various trading instruments, multiple account types, and user-friendly trading platforms. Besides, it also highlights the safety of client funds, and manages to protect them. What's more, it is well regulated, and it is a mature broker. However, some reports have been exposed, which says that xChief has slippage.
| Pros | Cons |
| Various trading instruments | Withdrawal issues and slippage |
| Tight spreads | Offshore regulated |
| Demo accounts | |
| MT4/5 supported | |
| No minimum deposit requirement | |
| Live chat |
Accounts
xChief offers 4 types of trading accounts: CENT account, Classic+ account, DirectFX account, and xPRIME account. Demo accounts are also available for traders.
| Account Type | Account Curency | Minimum Deposit | No-Deposit Bonus $100 | Welcome Bonus $500 |
| CENT | USD, EUR | 0 | ❌ | ❌ |
| Classic+ | USD, EUR, GBP | $10 (or equivalent) | ✔ | ✔ |
| DirectFX | USD, EUR, GBP | $50 (or equivalent) | ✔ | ✔ |
| xPRIME | USD, EUR, GBP, CHF, JPY | $2000 (or equivalent) | ❌ | ✔ |
Leverage/Spreads & Commissions
The leverage is relatively high, and for some types of accounts, it can be up to 1:1000, which means risks may also be high.
| Account Type | Max Leverage | Spreads | Commissions |
| CENT | 1:500 | From 0.9 pips | ❌ |
| Classic+ | 1:1000 | From 0.6 pips | ❌ |
| DirectFX | 1:1000 | From 0.3 pips | $/€/£2.5 |
| xPRIME | 1:1000 | From 0 pips | $/€/£/₣3/¥500 |
Trading Platforms
| Trading Platform | Available Devices | Suitable for |
| MetaTrader5 | Desktop, iOS, Android, MacOS, Web | Beginners |
| MetaTrader4 | Desktop, iOS, Android, MacOS, Web | Skilled and professional traders |
| xChief Mobile App | Mobile | All types of traders |
Deposits & Withdrawals
TxChief supports different kinds of deposit and withdrawal methods. Take the UK for example.
| Deposit Methods | Fees | Time | Currency |
| SWIFT | 0% | Up to 5 days | EUR, GBP |
| Crypto | 0% | Up to 8 hours | BTC, ETH, LTC, XRP, USDT, USDC |
| Perfect Money | 1.99% | Instantly | USD, EUR |
| Withdrawal M ethods | Fees | Time | Currency |
| SWIFT | 1%, min.€50/£50 | Up to 5 business days | EUR, GBP |
| SEPA | €25 | Up to 3 business days | EUR |
| Debit/Credit Card | 2%, min.$5/€5 | Up to 7 business days | USD, EUR |
| Crypto | 0% | 1 business day | BTC, ETH, LTC, XRP, USDT, USDC |
| Perfect Money | 0.5% | 1 business day | USD, EUR |
Customer Service
xChief provides customer services to its clients, and it has unique contact options in the headquarter as well as representative offices.
| Vanuatu Contact Info | |
| Phone | +65 31593652 |
| info@xchief.com | |
| marketing@xchief.com | |
| partnership@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | 1st Floor, CNM Building, Port Vila, Vanuatu |
| Singapore Contact Info | |
| Phone | +65 31593652 |
| asia@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526 |
| Nigeria Contact Info | |
| Contact Options | Details |
| Phone | +234 9030795364 |
| nigeria@xchief.com | |
| Support Ticket System | ✔ |
| Online Chat | 24/7 |
| Website Language | English |
| Company Address | Suite 319 Rock of Ages Mall Jabi, Abuja, Nigeria |
FAQs
Is xChief regulated?
Yes, it is regulated by the MISA.
Does xChief offer demo accounts?
Yes.
What trading platforms does xChief have?
It supports MT4, MT5, and xChief APP.
What is the minimum deposit for xChief?
The minimum deposit is 0.
Do alpari and forexchief have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive alpari and forexchief are, we first considered common fees for standard accounts. On alpari, the average spread for the EUR/USD currency pair is -- pips, while on forexchief the spread is From 0.6 .
Which broker between alpari, forexchief is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
alpari is regulated by NBRB,CBR. forexchief is regulated by FSCA,MISA.
Which broker between alpari, forexchief provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
alpari provides the STANDARD,ECN,PRO ECN platform with products like FX Metals Indices Commodities Crypto ETFs (only MT5); forexchief offers the Classic+,CENT,xPRIME,DirectFX platform featuring assets including 70+ Forex, Metals, Commodities, Indices, Crypto.
