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Do you want to know which is the better broker between Invest Markets and xChief ?
In the table below, you can compare the features of Invest Markets , 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 invest-markets, 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 Country | Belize |
Regulation | No regulation |
Minimum Deposit | $250 |
Maximum Leverage | 1:500 |
Trading Platform | Web Terminal, Mobile App, Webtrader |
Demo Account | Available |
Trading assets | Currencies, Indices, Commodities, Equity, Cryptocurrencies |
Payment Methods | CommerceGate, Skrill, Neteller, SafeCharge, Directa24, Help2Pay, EasyEFT, and AstropayCard, and mor |
Customer support | Telephone: +27107531177 Email:info@investmarkets.com |
General Information
Newly opened in July 2020, InvestMarkets is a forex broker which allows traders to profit from price movement via a contract between client and broker. InvestMarket offers a series of trading instruments including Currencies, Indices, Commodities, Equity, Cryptocurrencies through MT4 trading platform. With this broker, three types of trading accounts and the maximum trading leverage up to 1:500 can be reached.
Here is the screenshot of Invest Markets official website:
Regulation
InvestMarkets is operated by Arvis Capital Limited, a Belize Invest Firm, authorised and regulated by the International Financial Services Commission (IFSC) of Belize. The companys licence number is 000307/166.
Market Instruments
InvestMarkets offers investors a range of financial instruments including currency pairs, cryptocurrencies, CFD on stocks, indices, metals, energy resources, agriculture, ETFs, etc.
Accounts & Leverage
InvestMarkets offers 4 different account types: Basic (minimum deposit of $250), Gold (minimum deposit of 25,000), Platinum (minimum deposit of $100,000), and VIP (minimum deposit of 250,000). All account types get leverage up to 1:500.
Spreads & Commissions
The average spreads of EUR/USD for Basic, Gold, Platinum, VIP are 3.0 pips, 2.7 pips, 2.1 pips and 1.6 pips respectively; GBP/USD are 3.4 pips, 3.1 pips, 2.5 pips and 2.0 pips respectively; USD/JPY are 3.3 pips, 3.0 pips, 2.4 pips and 1.9 pips respectively. There is no deposit commission for all accounts and no withdrawal commission for the VIP account. Fees are charged for keeping an account inactive.
Trading Platform
InvestMarkets offers CFDs trading platforms, its WebTrader and the MetaTrader 4, available to traders for web and mobile.
Deposit & Withdrawal
The online payment processors are Acquiring.com, CommerceGate, Skrill, Neteller, SafeCharge, Directa24, Help2Pay, EasyEFT, and AstropayCard, and more. Clients can deposit funds through credit/debit card, e-Wallets and wire transfer. InvestMarkets processes withdrawal requests within 24 hours, but it may take up to five business days for clients to receive their funds. Credit/debit cards and Neteller incur a 3.5% fee, Skrill a 2.0% surcharge, and bank wires a cost of $30 or currency equivalent.
Note: Payment methods may vary depending on clients region.
Customer Support
The InvestMarkets official website can be available in more than 10 languages, and clients can equally reach this broker through telephone and email. Here is the detailed information given:
Telephone: +27107531177
Email: info@investmarkets.com
Online support can be also available if you click the chat button on the right side of this broker's homepage.
Accepted Countries
InvestMarkets does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Research & Education
InvestMarkets offers the Trading Central, where traders can get trading tools consisting of Analyst Views, Daily Market Analysis, Economic Insight, Featured Ideas, Strategy Newsletters, TC Market Buzz, TC Research Platform, and Web TV.
Pros & Cons
Pros | Cons |
Bonus offered | Offshore regulation |
MT4 trading platform | Only MT4 trading platform supported |
Generous leverage up to 1:500 | High minimum deposit required |
Free educational resources | No 24/7 customer support |
Frequently Asked Questions
Does InvestMarket offer demo accounts?
Yes, demo accounts are available the InvestMarkets platform.
What trading instruments does InvestMarket offer?
InvestMarket offers a series of trading instruments, including currency pairs, CFD on stocks, indices, metals, energies, agriculture, etc.
What trading platform does InvestMarket offer?
InvestMarket offers MT4 trading platform and WebTrader.
What is the maximum trading leverage offered by InvestMarket?
The maximum trading leverage offered by InvestMarket is up to 1:500.
Warning Risk
Trading in Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.
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 invest-markets and forexchief are, we first considered common fees for standard accounts. On invest-markets, the average spread for the EUR/USD currency pair is EUR/USD1.9 PIPS GBP/USD2.2 PIPS USD/JPY2.1 PIPS CRUDE OIL$0.10 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.
invest-markets is regulated by FSC. 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.
invest-markets provides trading platform including PLATINUM,VIP,GOLD,BASIC and trading variety including --. forexchief provides trading platform including xPRIME,DirectFX,Classic+,CENT and trading variety including 150+ Forex, Metals, Commodities, Indexes, Stocks, Crypto.