Founded in 2010, ETO Markets is a forex and CFD forex broker based in Sydney, Australia, providing online solutions for retail and institutional investors in over 100 countries. It is regulated by the AISC and offshore regulated by the FSA. Besides, it offers many live accounts with acceptable minimum deposit requirements and flexible leverage up to 1:500, through MT4, MT5, and CRM APP. However, many residents from some countries and regions have no access to trade with them.

Pros and Cons

Is ETO Markets Legit?

ETO Markets isregulated by the Australian Securities and Investments Commission (ASIC) and offshore regulated by the Seychelles Financial Services Authority (FSA).

	The Australian Securities and Investments Commission (ASIC)
Regulatory Status	Regulated
Regulated by	Australia
Licensed Institution	ETO GROUP PTY LTD
Licensed Type	Market Making (MM)
Licensed Number	000420224

	The Seychelles Financial Services Authority（FSA）
Regulatory Status	Offshore Regulated
Regulated by	Seychelles
Licensed Institution	ETO Markets Limited
Licensed Type	Retail Forex License
Licensed Number	SD062

What Can I Trade on ETO Markets?

ETO Markets offers 50+ forex, energies, commodities, precious metals, indices, cryptos and stock CFDs.

Account Type

Opening an account with ETO Markets involves five steps, during which you can provide your personal information.

ETO Markets offers four kinds of live accounts: the Pro, Basic, Prime and STD accounts with the minimum deposits of $100.

Leverage

ETO Markets charge the maximum leverage of 1:500 for each account. Besides, it also provides flexible leverage ratios for various trading products:

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

ETO Markets Fees

Trading Platform

ETO Markets offers a range of trading platforms for their traders including MT4, MT5, and CRM APP.

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.

Accounts

xChief offers 4 types of trading accounts: CENT account, Classic+ account, DirectFX account, and xPRIME account. Demo accounts are also available for traders.

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.

Trading Platforms

Deposits & Withdrawals

TxChief supports different kinds of deposit and withdrawal methods. Take the UK for example.

Customer Service

xChief provides customer services to its clients, and it has unique contact options in the headquarter as well as representative offices.

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.