Compare Admiral Markets vs ForexChief
What is Admiral Markets? What is ForexChief?
Admiral Markets is a global online broker that offers trading in forex, CFDs, stocks, ETFs, futures and options. It was founded in 2001 and is regulated by multiple authorities, including the UK’s FCA, Australia’s ASIC, Cyprus’ CySEC and Estonia’s EFSA.
ForexChief is an online forex broker that offers trading in forex, metals, commodities, indices, stocks and cryptocurrencies. It was founded in 2014 and is licensed by the Vanuatu Financial Services Commission as a Dealer in Securities.
Admiral Markets vs ForexChief Regulation Comparison
Admiral Markets has a higher level of regulation than ForexChief, as it is authorized by several reputable regulators in different jurisdictions. This means that Admiral Markets has to comply with strict rules and standards regarding client protection, financial reporting, capital adequacy and segregation of funds.
ForexChief is only regulated by the VFSC, which is a relatively low-tier regulator that does not impose stringent requirements on its licensees. The VFSC does not have a compensation scheme or an ombudsman service for resolving disputes between clients and brokers.
Admiral Markets vs ForexChief Trading Assets Comparison
Admiral Markets offers a wider range of trading assets than ForexChief, as it covers more than 8,000 instruments across various markets and asset classes. Admiral Markets allows traders to access forex pairs, CFDs on indices, commodities, stocks, ETFs, bonds, futures and options.
ForexChief offers a more limited selection of trading assets, as it focuses mainly on forex and CFDs. ForexChief allows traders to access forex pairs, metals, commodities, indices, stocks and cryptocurrencies.
Admiral Markets vs ForexChief Trading Fees Comparison
Admiral Markets and ForexChief have different fee structures depending on the account type and trading platform chosen by the trader. In general, Admiral Markets charges higher spreads but lower commissions than ForexChief, while ForexChief charges lower spreads but higher commissions than Admiral Markets.
On the same platform, ForexChief offers two account types: Classic (no commission for forex, metals, commodities and indices; commission of 0.1% for stocks and cryptocurrencies; average spread of 0.6 pips on EUR/USD) and Cent (no commission for all instruments; average spread of 0.9 pips on EUR/USD).
Admiral Markets vs ForexChief Account Types Comparison
Admiral Markets offers more account types than ForexChief, as it caters to different levels of experience and trading styles. Admiral Markets has four account types for MetaTrader 4 users (Trade.MT4, Zero.MT4, Invest.MT4 and Trade.MT5), three account types for MetaTrader 5 users (Trade.MT5, Zero.MT5 and Invest.MT5) and one account type for MetaTrader Supreme Edition users (Supreme).
ForexChief offers only two account types for MetaTrader 4 users (Classic and Cent) and two account types for MetaTrader 5 users (Classic+ and Cent+). ForexChief does not have a Supreme Edition or an Invest account type.
Admiral Markets vs ForexChief Deposit Options Comparison
Admiral Markets and ForexChief have similar deposit and withdrawal options, as they both accept various methods such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller) and local payment systems (Sofort, iDeal). However, Admiral Markets has more currency options for deposits and withdrawals than ForexChief.
For example, Admiral Markets accepts deposits and withdrawals in USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON and SEK, while ForexChief accepts only USD, EUR, GBP, CHF and JPY.
Admiral Markets vs ForexChief Trading Platforms Comparison
Admiral Markets and ForexChief both offer the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are compatible with Windows, Mac, Android and iOS devices. Both brokers also provide web-based versions of these platforms that can be accessed from any browser.
However, Admiral Markets has an edge over ForexChief in terms of trading platforms, as it also offers the MetaTrader Supreme Edition, which is an enhanced version of MetaTrader 4 and MetaTrader 5 that comes with additional features and tools such as advanced order types, market sentiment indicators, trading signals, trading widgets and more.
Admiral Markets vs ForexChief Analytical Tools Comparison
Admiral Markets and ForexChief both provide various analytical tools and resources for their clients, such as economic calendars, market news, technical analysis, trading signals, educational materials and webinars.
However, Admiral Markets has a more comprehensive and diverse range of analytical tools than ForexChief, as it also offers premium features such as Autochartist (a market scanner that identifies trading opportunities based on chart patterns and technical indicators), Trading Central (a market research provider that offers actionable insights and recommendations), Acuity (a news sentiment analysis tool that measures the impact of news events on the markets) and Dow Jones News (a real-time news feed that covers global markets and economic developments).
Admiral Markets vs ForexChief. Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, goals and risk appetite. Both brokers have their own advantages and disadvantages, which you should consider carefully before making a choice. You should also consider other factors such as your trading style, strategy, level of experience, budget and location.
Ultimately, the best forex broker for you is the one that meets your needs and expectations.
