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Orbex , xChief Broker Comparison
Do you want to know which is the better broker between Orbex and xChief ?
In the table below, you can compare the features of Orbex , 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
6.53
Regulated
Under guarantee
15-20 years
CYSEC,FSA
Bank transfer,Direct Debit,Skrill,Neteller,Credit Card,Sofort,Klarna
D
C
549.8
376
396
376
1000
1000
828
D
--
--
--
D
--
31.23 USD/Lot
AA
Long: -75.95
Short: 28.62
B
0.7
48.9
STARTER,PREMIUM,ULTIMATE
--
100
1:500
As low as 1.5
0.00
--
--
--
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
--
Orbex 、 xChief BrokerRelated News
Orbex 、 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 orbex 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
orbex
| ORBEX Review Summary | |
| Founded | / |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | Forex, precious metals, energies, indices |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips (Starter account) |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | 24/5 support, live chat, contact form |
| Tel: +357 25588855; +357 25588853 | |
| Email:support@orbex.com.cy | |
| Address: 82 Street, 6, Kato Polemidia, 4153, Limassol, Cyprus | |
| Facebook, X, LinkedIn,Twitter | |
ORBEX Information
ORBEX is a regulated broker, offering trading on forex, precious metals, energies, indices, and market holidays with leverage up to 1:500 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | Trading fees applied |
| Demo accounts | |
| Various trading products | |
| MT4 platform | |
| No deposit and withdrawal fees | |
| Live chat support | |
| Popular payment options |
Is ORBEX Legit?
Yes. ORBEX is licensed by Cyprus Securities and Exchange Commission (CYSEC) with license number 124/10 to offer services and provides negative balance protection.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Cyprus | CYSEC | Regulated | ORBEX Ltd | Market Maker (MM) | 124/10 |
What Can I Trade on ORBEX?
ORBEX offers trading on forex, precious metals, energies, and indices.
ORBEX Clients can execute trades 24 hours a day from 00:05 on Monday until 23:30 on Friday (Cyprus Time), except for some instruments which halt at different times, such as a break.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious Metals | ✔ |
| Energies | ✔ |
| Cash Indices | ✔ |
| Futures Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
ORBEX offers demo accounts and Islamic (Swap Free) accounts. And here are four account types ORBEX offers: Starter account, Premium account, and Ultimate account.
| Account Type | Minimum Deposit |
| Starter | $100 |
| Premium | $500 |
| Ultimate | $25,000 |
Leverage
ORBEX offers maximum leverage at 1:500 for all account types. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
ORBEX Fees
| Account Type | Spread | Commission |
| Starter | From 1.5 pips | $0 |
| Premium | From 0.0 pips | $8 |
| Ultimate | $5 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, MAC OS, Android, iPhone, Multi Terminal | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Orbex accepts payments Credit/Debit cards, Skrill/Moneybookers, Neteller, Wire Transfer, and Klarna/Sofort.
| Payment Options | Deposit/Withdrawal Fees | Deposit Time | Withdrawal Time |
| Skrill | 0 | Up to 2 hours | Up to 24 hours |
| Direct Debit / Credit Cards | 3-5 business days | ||
| Bank Wire | 3-5 business days | ||
| NETELLER | Up to 2 hours | Up to 24 hours | |
| Klarna/Sofort |
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 orbex 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 orbex and forexchief are, we first considered common fees for standard accounts. On orbex, the average spread for the EUR/USD currency pair is As low as 1.5 pips, while on forexchief the spread is From 0.6 .
Which broker between orbex, 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.
orbex is regulated by CYSEC,FSA. forexchief is regulated by FSCA,MISA.
Which broker between orbex, 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.
orbex provides the STARTER,PREMIUM,ULTIMATE platform with products like --; forexchief offers the Classic+,CENT,xPRIME,DirectFX platform featuring assets including 70+ Forex, Metals, Commodities, Indices, Crypto.
