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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:1.4
EURUSD:9
EURUSD:21.99
XAUUSD:41.19
EURUSD: -8.9 ~ 1.1
XAUUSD: -39.8 ~ 16.2
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.
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 (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 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.
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 |
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) | ❌ | ✔ |
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 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 |
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 |
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 |
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.
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,ASIC.
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.