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XChief

4 Flexible Account Types

⭐ 3.9/5

Open account at XChief
Founded
2014
Min deposit
$0 (Cent account)
Spread from
0 pips (xPRIME account)
Max leverage
1:1000
Regulated by
MISA (Comoros) - License T2023379, FSCA (South Africa)

Trading platforms: MetaTrader 4, MetaTrader 5, xChief App

Pros

  • 4 account types (Cent, Classic+, DirectFX, xPRIME) suited to different capital sizes
  • Cent account requires no minimum deposit
  • High leverage, up to 1:1000
  • Ultra-tight spreads from 0 pips on the xPRIME account

Cons

  • Only holds a Tier-3 MISA license, without investor compensation protection like FCA/CySEC
  • Users report a fairly slow withdrawal process, up to 5 business days
  • The lowest-spread xPRIME account requires a relatively high $2,000 minimum deposit
  • Withdrawal fees on some methods can reach 2%

XChief (formerly ForexChief) is a forex and CFD broker founded in 2014, headquartered in Port Vila, Vanuatu with offices in Singapore and Nigeria, operating under a MISA (Comoros) license and registered with South Africa’s FSCA.

Trading Costs

XChief offers 4 account types with different cost structures: Cent (no minimum deposit, spreads from 0.9 pips), Classic+ (from $10, spreads from 0.6 pips), DirectFX (from $50, spreads from 0.3 pips plus commission) and xPRIME (from $2,000, spreads from 0 pips, low commission) — suited to both beginners and professional traders who need ultra-tight spreads.

Should You Trade With XChief?

XChief suits traders who want to start small thanks to the free-to-open Cent account, or experienced traders who want to take advantage of high leverage and tight spreads on the xPRIME account. That said, keep in mind the broker only holds a lower-tier MISA license (Tier-3, no investor compensation fund), so trade with careful risk management and avoid depositing more than you can afford to lose.