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Do you want to know which is the better broker between A3Trading and xChief ?
In the table below, you can compare the features of A3Trading , xChief side by side to determine the best fit for your needs.
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--
EURUSD:0.9
EURUSD:2.5
EURUSD:21.75
XAUUSD:35
EURUSD: -8.9 ~ 1.1
XAUUSD: -29.8 ~ 9.2
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of a3trading, forexchief lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered in | Cyprus |
Regulated by | No effective regulation at this time |
Year(s) of establishment | 2-5 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks |
Minimum Initial Deposit | $200 |
Maximum Leverage | 1:200 |
Minimum spread | Information not available |
Trading platform | own platform |
Deposit and withdrawal method | VISA, MasterCard, maestro, jiomoney, skrill, bank transfer, neteller, exopayz, paysafecard, paytm, mobikwik, globe pay, fast bank transfer, scardu, etcetera. |
Customer Service | Email, phone number, address, live chat |
Fraud Complaints Exposure | Yes |
Risk Warning
Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.
General information and regulations of A3Trading
A3Trading is an online forex broker registered in Cyprus and currently under no effective regulation.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....A3Trading allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on A3Trading.
Spreads and commissions for trading with A3Trading
A3Trading does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with A3Trading, we recommend that you take the time to calculate these transaction costs.
Account Types for A3Trading
The minimum initial deposit to open an account at A3Trading is 200 USD. According to the information on its website, there is no demo account or multiple account types. However, there is a no-loss guarantee in the first 5 transactions, and A3Trading claims that the clients can take the profits and A3Trading will cover the possible losses.
In case of absence of any activity for a period of at least three (3) months, the Company reserves the right to apply a fee of US$ 500 thereafter, charged on a quarterly basis. If the Client account is funded by less than US$ 500 and has been inactive for a period of three (3) months, the Company reserves the right to charge a lower amount to cover administrative expenses and close down the account.
Trading platforms offered by A3Trading
The company's trading platform is an in-house developed platform that can be used on computers, tablets and cell phones.
Leverage offered by A3Trading
Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by A3Trading is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.
Deposit and withdrawal methods and fees
In order to withdraw from your account in A3Trading, you will need to provide a series of documents. The extra fees, minimum amount and processing time are not revealed. The feasible payment methods are: VISA, MasterCard, maestro, jiomoney, skrill, bank transfer, neteller, exopayz, paysafecard, paytm, mobikwik, globe pay, fast bank transfer, scardu, etcetera.
Educational resources
A series of educational resources is available at A3Trading, such as video lessons, autochartist, daily market review, economic calendar, live rates & charts, real-time trends, etcetera.
Customer support of A3Trading
Below are the details about the customer service.
Language(s): English, Arabic, Spanish
Email: customer.service.en@a3trading.com
Phone Number: +441519471242
WhatsApp: +447441427300
Address: Wanakena Ltd, 73 Arch. Makarios III Avenue, Office 301, 1070 Nicosia, Cyprus.
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of A3Trading
Advantages:
Sufficient information
Educational resources
Many instruments available
Many deposit and withdrawal methods
Disadvantages:
Complaints
No effective regulation
Few information available
No MT4/MT5
No copy trading
Frequent asked questions about A3Trading
Is this broker well regulated?
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
How much leverage does this broker offer?
The maximum leverage of A3Trading is 1:200. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
xChief Review Summary in 10 Points | |
Founded | 2014 |
Registered Country/Region | Comoros |
Regulation | MISA |
Market Instruments | Forex, Metals, Commodities, Indexes, Stocks, Crypto |
Demo Account | Available |
Leverage | 1:1000 |
EUR/USD Spread | From 0 pips |
Trading Platforms | MT4, MT5, xChief App |
Minimum deposit | $10 |
Customer Support | Live chat, phone, email |
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 .
xChief Ltd is a retail forex broker regulated by the Mwali International Services Authority (MISA) in Comoros with the license number T2023379.
xChief has several notable pros and cons. The broker offers a wide range of trading instruments, multiple account types, and user-friendly MetaTrader platforms. They also prioritize the safety of client funds with segregation and negative balance protection. Additionally, their transparent and competitive spreads, along with various deposit and withdrawal options, add to their appeal.
Pros | Cons |
• Regulated by MISA | • Reports of withdrawal issues and slippage |
• Wide range of trading instruments | |
• Multiple account types | |
• Demo accounts and Islamic accounts available | |
• Transparent and competitive spreads | |
• MT4/5 supported | |
• Copy trading available | |
• Multiple deposit and withdrawal options |
There are many alternative broker s to xChief depending on the specific needs and preferences of the trader. Some popular options include:
xChief provides a diverse range of over 150 trading instruments, enabling traders to access various financial markets. The broker offers a wide selection of Forex currency pairs, allowing traders to engage in currency trading across major, minor, and exotic pairs. Additionally, xChief offers trading opportunities in precious metals like gold and silver, which are popular for their perceived value and safe-haven status. Traders can also explore the commodities market, including energies like crude oil and natural gas, as well as agricultural products like wheat and corn.
Furthermore, xChief provides access to a range of global stock indices, enabling traders to speculate on the performance of leading stock markets worldwide. Lastly, the broker offers exposure to the rapidly growing cryptocurrency market, allowing traders to trade popular digital currencies such as Bitcoin, Ethereum, and Litecoin. With this extensive selection of trading instruments, xChief aims to cater to the diverse needs and preferences of traders.
xChief offers a variety of trading accounts to suit the needs of different traders. The MT4/5.DirectFX and MT4/5.Classic+ accounts are designed for standard trading, providing access to a wide range of trading instruments. These accounts have a minimum deposit requirement of $10, making them accessible to traders with different budget sizes.
For those interested in PAMM (Percentage Allocation Management Module) trading, xChief offers pamm-MT4/5.DirectFX and pamm-MT4/5.Classic+ accounts, which allow investors to allocate their funds to experienced traders for potential profits.
Additionally, xChief provides cent-MT4/5.DirectFX and cent-MT4/5.Classic+ accounts for traders who prefer to trade with smaller volumes, as these accounts are denominated in cents instead of dollars.
Account Type | MT4/5.DirectFX | MT4/5.Classic+ | pamm-MT4/5.DirectFX | pamm-MT4/5.Classic+ | cent-MT4/5.DirectFX | cent-MT4/5.Classic+ |
Minimum Deposit | $10 (or equivalent) | |||||
Account Currency | USD/CHF/GBP/EUR/JPY | USD/EUR | USD/CHF/GBP/EUR/JPY | |||
Size of 1 lot (Forex) | 100 000 | |||||
Stop Out | 30% | |||||
Min Order Size (lots) | 0.01 (increment - 0.01) | |||||
Welcome bonus $500 | Available | No | ||||
Swap-free |
Demo accounts are available for traders to practice their strategies and familiarize themselves with the trading platform without risking real money. xChief also offers Islamic/Swap-free accounts for clients who follow Islamic principles and wish to trade without incurring interest charges. With this wide range of account types, xChief aims to cater to the diverse preferences and trading styles of its clients.
xChief offers leverage of up to 1:1000, which provides traders with the opportunity to amplify their trading positions and potentially increase their profit potential. With high leverage, traders can control larger positions with a smaller amount of capital, allowing for greater flexibility and potential returns. However, it's important to note that while leverage can enhance profits, it also magnifies losses, so proper risk management is crucial when trading with high leverage.
xChief offers competitive spreads and commissions to its traders. The spread for DirectFX accounts is floating from 0 pips, which means traders can benefit from tight spreads on their trades. For Classic+ accounts, the spread is floating from 0.3 pips, still providing traders with favorable trading conditions. It's important to note that spreads may vary depending on market conditions and the specific trading instrument.
As for commissions, xChief provides detailed information on its website. Commissions are charged based on the account type and vary accordingly. More deails can be founded in the table below.
Account Type | MT4/5.DirectFX | MT4/5.Classic+ | pamm-MT4/5.DirectFX | pamm-MT4/5.Classic+ | cent-MT4/5.DirectFX | cent-MT4/5.Classic+ |
Spread | Floating from 0 pips | Floating from 0.3 pips | Floating from 0 pips | Floating from 0.3 pips | Floating from 0 pips | Floating from 0.3 pips |
Commission | Forex, Metals, Commodities, Indexes - $15 per MioStocks, Crypto - 0.1% | Forex, Metals, Commodities, Indexes - freeStocks, Crypto - 0.1% | Forex, Metals, Commodities, Indexes - $15 per MioStocks, Crypto - 0.1% | Forex, Metals, Commodities, Indexes - freeStocks, Crypto - 0.1% | Forex, Metals - $15 per Mio | Forex, Metals - free |
By offering competitive spreads and transparent commission structures, xChief aims to provide its clients with cost-effective trading solutions and enhance their overall trading experience.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
xChief | 0.0 pips | Variable |
TigerWit | 1.0 pips | No |
Trading | 0.6 pips | Variable |
TrioMarkets | 0.3 pips | Variable |
xChief offers a wide range of trading platforms to cater to the diverse needs of its clients. One of the primary platforms provided is MetaTrader 5 (MT5), a powerful and advanced trading platform known for its comprehensive features and flexibility. Traders can access MT5 through various versions, including MT5 for Android, MT5 for iPhone and iPad, and MT5 WebTerminal, allowing them to trade on the go from their mobile devices or through a web browser.
Additionally, xChief also offers MetaTrader 4 (MT4), a popular and widely used platform known for its user-friendly interface and extensive charting capabilities. Traders can access MT4 through MT4 for Android, MT4 for iPhone and iPad, and take advantage of its features to execute trades efficiently. Moreover, xChief provides its own xChief App, offering a convenient and intuitive trading experience for clients.
With these robust and versatile trading platforms, xChief aims to empower traders with the necessary tools and technologies to make informed trading decisions and execute trades effectively.
See the trading platform comparison table below:
Broker | Trading Platforms |
xChief | MetaTrader 4 (MT4) |
TigerWit | TigerWit WebTrader |
Trading.com | MetaTrader 4 (MT4) |
TrioMarkets | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TrioMarkets WebTrader |
xChief offers a copy trading feature, which allows traders to automatically replicate the trades of experienced and successful traders in real-time. With copy trading, traders can benefit from the expertise of seasoned professionals without the need for extensive market knowledge or analysis. xChief's copy trading platform enables users to browse through a selection of skilled traders, evaluate their performance metrics, and choose to copy their trades with a simple click.
This feature is particularly beneficial for novice traders who can learn from experienced traders and potentially achieve similar trading results. It also saves time and effort as traders can rely on the expertise of others while still having control over their trading activities. xChief's copy trading feature provides a convenient and efficient way for traders to access profitable trading strategies and potentially enhance their trading performance.
In terms of deposit and withdrawal, like many good brokers, xChief provides a detailed form with important information about payment options, transfer currencies, fees, and transfer time. The feasible payment methods are Bank Wire Transfer, Local Transfer Solutions, Credit/Debit cards, and Electronic Payments including Skrill, Neteller, Advanced Cash, Perfect Money, and FasaPay.
The minimum deposit requirement is set at a competitive $10, allowing traders with different budgets to access the platform. The acceptable currencies include USD, EUR, GBP, CHF, and JPY, providing flexibility for traders from different regions.
xChief | Most other | |
Minimum Deposit | $10 | $100 |
While Credit/Debit card deposits incur a 2% fee, Perfect Money deposits have a fee of 1.99%, and other deposit methods are fee-free. The processing times for deposits vary, with Bank Wire Transfer taking 1-2 business days, Local Transfer Solutions being processed within 24 hours, and Credit/Debit cards and Electronic Payments being instant.
Withdrawals from xChief generally take up to 1 business day, and withdrawal fees depend on the chosen method. Clients are encouraged to refer to the provided screenshot for specific information.
xChief is committed to providing excellent customer service to its clients. Traders have access to multiple channels to reach out for support, including live chat, phone, and email. The availability of live chat ensures quick and real-time assistance, while phone support offers the convenience of direct communication. Additionally, clients can utilize email support for more detailed inquiries or requests. The broker values transparency and provides its company address openly, which adds to the trustworthiness of their operations.
Traders can also find answers to common questions through the readily available FAQs section, which offers self-help resources. Furthermore, xChief maintains a strong presence on various social networks such as Telegram, Twitter, Facebook, and Instagram. By following the broker on these platforms, traders can stay updated with the latest news, market insights, promotions, and engage with the xChief community.
With their comprehensive customer service options and active social media presence, xChief aims to ensure that clients receive the necessary support and stay well-informed throughout their trading journey.
Pros | Cons |
• Live chat support | None |
• 24/7 support in 20 languages | |
• FAQ section available for self-help | |
• Social media presence |
Note: These pros and cons are subjective and may vary depending on the individual's experience with xChief's customer service.
On our website, you can see that some reports of unable to withdraw and severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
In conclusion, xChief offers a diverse range of trading instruments, competitive spreads, and multiple account types to cater to different trading preferences. They prioritize the safety of client funds through segregation and negative balance protection. The availability of popular MetaTrader platforms enhances the trading experience.
Q 1: | Is xChief regulated? |
A 1: | Yes. It is regulated by the MISA. |
Q 2: | Does xChief offer demo accounts? |
A 2: | Yes. |
Q 3: | Does xChief offer the industry leading MT4 & MT5? |
A 3: | Yes. It supports T4, MT5, and xChief App. |
Q 4: | What is the minimum deposit for xChief? |
A 4: | The minimum initial deposit to open an account is $10 or equivalent. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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 a3trading and forexchief are, we first considered common fees for standard accounts. On a3trading, the average spread for the EUR/USD currency pair is -- pips, while on forexchief the spread is From 0.
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.
a3trading is regulated by --. forexchief is regulated by MISA.
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.
a3trading provides trading platform including -- and trading variety including --. forexchief provides trading platform including xPRIME,DirectFX,Classic+,CENT and trading variety including 150+ Forex, Metals, Commodities, Indexes, Stocks, Crypto.