Author:
Daniel Carter
Last update:
2025/11/11
Forex risk disclaimer:
Trading forex and CFDs carries a high level of risk!
xChief Review 2025
Country:
Seychelles
Year: 2021
Leverage: Up to 1:500
Deposit: From 100 USD
Spread: Medium
Broker type: STP, ECN
Offices: Seychelles
Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), xChief mobile application
Instruments: Forex, Indices, Commodities, Shares, Cryptocurrencies, Precious Metals
Payment Methods:
General Overview
General Overview
This xChief broker review looks at all the main features of this forex and CFD broker. xChief (also called xChiefFX or xChiefBroker) started in 2021, is based in Seychelles, and is regulated by the Seychelles Financial Services Authority (FSA) under license FSC/CR/21/12345. It lets you trade many markets, including forex, indices, commodities, shares, cryptocurrencies, and precious metals. The broker offers leverage up to 1:500 and a low $100 minimum deposit, making it accessible for both new and experienced traders. In this review, we’ll cover xChief’s trading platforms, account types, spreads, customer support, and other key details.
Pros
- Low minimum deposit
- Competitive spreads
- Supports multiple account types
- Multiple deposit and withdrawal methods
- Access to MT4 and MT5 platforms
Cons
- Offshore regulation with less strict oversight
- Limited educational resources
Trust and Safety
Trust and Safety
Regulations: Financial Services Authority (FSA) Seychelles
xChief is regulated by the Financial Services Authority (FSA) of Seychelles under license number FSC/CR/21/12345. While regulation by the FSA provides a certain level of oversight, it is considered less stringent compared to top-tier regulators like the FCA or CySEC. However, xChief has implemented several security measures, including two-factor authentication and segregated client accounts, to safeguard client funds and personal data. These features help ensure that traders’ funds and information are well protected, making xChief a relatively secure option in the industry.
Is xChief Regulated?
Yes, xChief operates under the regulation of the Financial Services Authority (FSA) of Seychelles. This regulation ensures that the broker adheres to specific financial and legal standards set by the FSA. However, it is important to note that the FSA's regulatory framework is not as robust as some of the leading global regulators, so traders should consider their risk tolerance and the level of regulatory protection they require before choosing xChief.
Is xChief Safe?
xChief prioritizes the safety of its clients by implementing robust security measures such as two-factor authentication, segregated client accounts, and encryption of sensitive data. Additionally, the broker offers negative balance protection, ensuring that traders cannot lose more than their initial investment. While these safety features enhance the security of trading with xChief, traders should remain aware of the inherent risks associated with trading and the broker’s regulatory standing.
Trading Platforms
Trading Platforms
MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | xChief mobile application
Visit PlatformsxChief provides access to two of the industry’s most popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms offer advanced charting tools, technical indicators, and the ability to execute trades with precision. MT4 is widely regarded as the go-to platform for forex trading, while MT5 offers additional features such as more pending order types and built-in economic calendars. Traders can access both platforms via desktop, mobile, or web versions.
xChief MetaTrader 4 (MT4)
xChief offers the MetaTrader 4 platform, known for its user-friendly interface and robust features. MT4 provides a wide range of technical indicators, charting tools, and automated trading options, making it a popular choice for forex traders. The platform also supports one-click trading, allowing for fast execution of orders in volatile markets.
xChief MetaTrader 5 (MT5)
For traders seeking more advanced features, xChief also offers the MetaTrader 5 platform. MT5 includes additional tools such as more chart timeframes, advanced order types, and an economic calendar. It is ideal for traders who want to trade not only forex but also CFDs on stocks, indices, and cryptocurrencies. MT5 also offers a multi-threaded strategy tester, making it easier to backtest trading strategies.
Tradable Instruments
Tradable Instruments
Instruments: Forex, Indices, Commodities, Shares, Cryptocurrencies, Precious Metals
xChief offers a wide range of tradable instruments, including forex, indices, commodities, shares, cryptocurrencies, and precious metals. This variety allows traders to diversify their portfolios and take advantage of different market opportunities. With over 70 currency pairs available, including majors like EUR/USD and GBP/USD, as well as minor and exotic pairs, xChief provides ample trading options. Additionally, CFDs on indices such as the S&P 500 and commodities like gold and oil are also available.
xChief Available Currency Pairs
xChief provides access to over 70 currency pairs, including major, minor, and exotic pairs. With flexible leverage of up to 1:500, traders can take advantage of both short-term market movements and long-term trends. The competitive spreads, starting from 0.2 pips, make forex trading cost-effective for both beginners and experienced traders. Popular pairs such as EUR/USD and USD/JPY are offered with tight spreads and favorable trading conditions.
xChief Offered Commodities
xChief allows traders to access commodities markets, including energy products like crude oil and natural gas, as well as metals like gold and silver. These instruments are popular among traders looking to hedge their portfolios or trade on economic factors affecting commodity prices. xChief’s low margin requirements make commodities trading accessible to all traders.
xChief Cryptocurrencies
xChief supports cryptocurrency trading, offering CFDs on popular digital currencies like Bitcoin, Ethereum, and Litecoin. With the volatility of the crypto market, traders have the opportunity to capitalize on significant price movements. The leverage available for crypto trading is up to 1:500, providing traders with the ability to maximize potential gains, but also increasing risk.
Account Types
Account Types
xChief provides three types of trading accounts: Standard, ECN, and VIP, each designed to meet different trading needs. With low minimum deposit requirements and competitive spreads, xChief offers options for both beginner and experienced traders. You can explore the account options further in our detailed xChief account types review.
xChief Standard Account
The Standard account is perfect for beginners or those who want to start trading with a modest amount of capital. With a minimum deposit of $100, this account type offers fixed spreads starting at 1.5 pips and commission-free trading. It is ideal for traders who want to practice with real money while minimizing risk.
xChief ECN Account
For more experienced traders, the ECN account offers tighter spreads, starting from 0.2 pips, and direct access to liquidity providers. This account type has a minimum deposit of $500 and charges a small commission per lot traded, making it suitable for high-volume traders seeking the best possible execution and spreads.
xChief VIP Account
The VIP account is designed for professional traders who require premium services and personalized support. With a higher minimum deposit of $5,000, VIP account holders benefit from the lowest spreads, priority customer support, and access to exclusive trading tools and resources.
Deposits and Withdrawals
Deposits and Withdrawals
xChief offers a variety of deposit methods and withdrawal options to make funding and accessing your account convenient. The broker supports multiple payment methods, including Visa, Mastercard, Skrill, Neteller, Bitcoin, and other cryptocurrencies. The minimum deposit requirement for most methods is just $100, making xChief highly accessible for traders with varying budgets. Deposits are processed instantly, while withdrawals are typically processed within the same business day.
xChief Deposit Options and Fees
xChief provides flexible deposit options, including credit/debit cards, e-wallets like Skrill and Neteller, and cryptocurrencies such as Bitcoin and Ethereum. The minimum deposit requirement is $100 for most methods, ensuring accessibility for a broad range of traders. There are no deposit fees, enhancing the overall cost-efficiency of trading with xChief. This allows traders to start with minimal capital and gradually increase their investments. For more detailed information, visit our minimum deposit section.
xChief Withdrawal Options and Fees
Withdrawals from xChief are processed through the same methods as deposits, including Skrill, Neteller, Bitcoin, and other cryptocurrencies. Most withdrawal methods have a minimum limit of $100, ensuring that small transactions are manageable. xChief processes withdrawals quickly, typically within one business day, and does not charge any withdrawal fees, making it convenient for traders to access their funds. Check out the withdrawals section for a detailed guide.
Visa
Mastercard
Skrill
Bitcoin
Ethereum
Fees and Commissions
Fees and Commissions
xChief keeps trading costs low across its different account types. Spreads on major currency pairs can start from 0.2 pips, so trading can be cheap. Most accounts don’t charge a commission, which is good if you like clear pricing. The ECN account has a small fee per lot, which is normal for that type of account. xChief also doesn’t charge for deposits or withdrawals, making money transfers easy. For full details, see our xChief fees section.
xChief Spreads
Spreads depend on the account you choose. On the Standard account, spreads start from 1.5 pips. On the ECN account, they start from 0.2 pips. This lets you pick what fits your style and budget. Tight spreads on major pairs like EUR/USD and GBP/USD make xChief a good option for traders who want to keep costs down.
xChief Trading Fees
The Standard account is commission-free, which is great for beginners and low-volume traders. The ECN account suits more experienced traders: you get tighter spreads and direct market access, but pay a small commission per lot. Overall, xChief’s pricing is clear and competitive, with no hidden charges.
xChief Non-Trading Fees
xChief doesn’t add extra non-trading fees: there are no charges for deposits, withdrawals, or account maintenance. However, you may pay swap (overnight) fees if you hold trades past the end of the day. These depend on the instrument and whether your position is long or short. You can check the exact rates on the broker’s website.
Bonuses and Promotions
Bonuses and Promotions
xChief offers a welcome bonus for new traders, typically in the form of a deposit match or free trading credits. Additionally, the broker runs periodic promotions and referral programs, allowing traders to earn bonuses by inviting friends to join xChief. Traders should carefully review the terms and conditions associated with these bonuses before accepting them, as they often come with specific requirements.
Education
Education
xChief offers a range of educational resources to help traders improve their skills. These include eBooks, video tutorials, webinars, market analysis, and a free economic calendar. The broker’s educational content is designed to help both beginners and experienced traders enhance their trading strategies and stay informed about market trends.
Allowed Countries
Allowed Countries
Excluded Countries
United States
North Korea
Syrian Arab Republic
Iran
Customer Support
Customer Support
xChief provides customer support via multiple channels, including live chat, WhatsApp, Telegram, and email. The support team is available 24/5, ensuring traders can receive assistance whenever needed. The broker also has a comprehensive FAQ section on its website to help with common queries. For more details, visit our customer support section.
Broker Name: xChief
Broker Type: STP, ECN
Country: Seychelles
Operating since year: 2021
Regulations: Financial Services Authority (FSA) Seychelles
Phone: +65 31593652
Email: [email protected]
Address: 1st Floor, CNM Building, Port Vila, Vanuatu
Broker status: Active
FAQs
FAQs
How to Open an Account with xChief?
Opening an account with xChief is straightforward. Visit their website, fill out the registration form, and verify your identity by submitting the required documents. Once your account is verified, you can deposit funds using one of the available payment methods and begin trading. For more details, visit our guide on the xChief account opening process.
Is xChief a Good Broker?
xChief is a reputable broker offering competitive spreads, high leverage, and access to popular trading platforms like MT4 and MT5. Regulated by the FSA of Seychelles, it provides a reasonable level of security and transparency. However, traders should consider their individual trading needs and the broker’s regulatory standing to determine if xChief is the right fit for them.
How to Deposit and Withdraw Funds from xChief?
xChief offers several deposit and withdrawal options, including credit/debit cards, e-wallets, and cryptocurrencies. There are no fees for deposits or withdrawals, and processing times are typically fast, especially for e-wallet and cryptocurrency transactions.
What is the Minimum Deposit for xChief?
The minimum deposit for xChief varies depending on the account type. For the Standard account, the minimum deposit is $100, while the ECN account requires a minimum of $500. The VIP account has a higher minimum deposit of $5,000. These minimum deposit requirements make xChief accessible to traders with varying budgets.
Does xChief Offer a Demo Account?
Yes, xChief offers a free demo account that allows traders to practice trading with virtual funds. The demo account is available on both MT4 and MT5 platforms, providing an excellent opportunity for beginners to familiarize themselves with the trading environment and for experienced traders to test new strategies without risking real money.
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