AMarkets is an online broker that offers trading in forex, CFDs, stocks, indices, commodities and cryptocurrencies. AMarkets was founded in 2007 and is regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA). AMarkets claims to provide impeccable service, regular bonus offers and promotions, instant and commission-free deposits, leverage up to 1:3000, and compensation fund protection up to €20,000 per claim.
ForexChief is an online broker that offers trading in forex, metals, commodities, indices, CFDs and cryptocurrencies. ForexChief was founded in 2014 and is regulated by the Vanuatu Financial Services Commission (VFSC). ForexChief claims to provide reliable online forex trading, spreads from 0 pips, leverage up to 1:1000, cent accounts, welcome bonus $500, and affiliate CPA up to $300.
AMarkets vs ForexChief Regulation Comparison
Broker
Regulator
License Number
Compensation Fund
AMarkets
SVGFSA
22567 IBC 2015
€20,000 per claim
ForexChief
VFSC
14777
None
AMarkets vs ForexChief Trading Assets Comparison
Broker
Forex Pairs
Metals
Commodities
Indices
Stocks
ETFs
Cryptocurrencies
AMarkets
44
4 (XAUUSD, XAGUSD, XPDUSD, XPTUSD)
14 (Brent, WTI, NGAS, etc.)
16 (US30, SPX500, NAS100, etc.)
427 (AAPL, AMZN, FB, etc.)
19 (SPY, QQQ, DIA, etc.)
27 (BTCUSD, ETHUSD, LTCUSD, etc.)
ForexChief
40+
2 (XAUUSD, XAGUSD)
2 (Brent, WTI)
10+ (US30Cash, SP500Cash, NAS100Cash, etc.)
None
None
5 (BTCUSD_MT5, ETHUSD_MT5, LTCUSD_MT5, etc.)
AMarkets vs ForexChief Trading Fees Comparison
Broker
Spread Type
Commission Type
Swap Type
AMarkets
Floating or Fixed depending on account type
None for Standard and Fixed accounts; from $2.5 per lot for ECN account; from $10 per lot for Crypto account; variable for Investment accounts depending on fund manager’s terms.
Market or Islamic depending on account type
ForexChief
Floating or Fixed depending on account type; from 0 pips for MT4.DirectFX and MT5.DirectFX accounts; from 0.3 pips for MT4.Classic+ and MT5.Classic+ accounts; from 0.1 pips for cent-MT4.DirectFX and cent-MT4.Classic+ accounts.
None for MT4.Classic+, MT5.Classic+, cent-MT4.DirectFX and cent-MT4.Classic+ accounts; from $1.5 per lot for MT4.DirectFX and MT5.DirectFX accounts.
Market or Islamic depending on account type
AMarkets vs ForexChief Account Types Comparison
Broker
Account Types
AMarkets
Standard (minimum deposit $100; leverage up to 1:1000; floating spread from 1.3 pips; participates in cashback program); Fixed (minimum deposit $100; leverage up to 1:300; fixed spread from 3 pips; participates in cashback program); ECN (minimum deposit $200; leverage up to 1:200; floating spread from 0.2 pips; commission from $2.5 per lot); Crypto (minimum deposit $100; leverage up to 1:10; floating spread from $15 per lot; commission from $10 per lot); Investment (minimum deposit depends on fund manager’s terms; leverage depends on fund manager’s terms; spread depends on fund manager’s terms; commission depends on fund manager’s terms).
ForexChief
MT4.DirectFX (minimum deposit $100 or equivalent in BTC; leverage up to 1:400; floating spread from 0 pips; commission from $1.5 per lot); MT4.Classic+ (minimum deposit $100 or equivalent in BTC; leverage up to 1:1000; floating spread from 0.3 pips; no commission); MT5.DirectFX (minimum deposit $100 or equivalent in BTC; leverage up to 1:400; floating spread from 0 pips; commission from $1.5 per lot); MT5.Classic+ (minimum deposit $100 or equivalent in BTC; leverage up to 1:1000; floating spread from 0.3 pips; no commission); cent-MT4.DirectFX (minimum deposit $1 or equivalent in BTC; leverage up to 1:400; floating spread from 0.1 pips; no commission); cent-MT4.Classic+ (minimum deposit $1 or equivalent in BTC; leverage up to 1:1000; floating spread from 0.1 pips; no commission).
AMarkets vs ForexChief Trading Platforms Comparison
Broker
Trading Platforms
AMarkets
MetaTrader 4 (desktop, web and mobile versions); MetaTrader 5 (desktop, web and mobile versions); AMarkets App (mobile version for personal area).
ForexChief
MetaTrader 4 (desktop and mobile versions); MetaTrader 5 (desktop and mobile versions).
AMarkets vs ForexChief Analytical Tools Comparison
Broker
Analytical Tools
AMarkets
Analytical Reviews (daily market analysis and forecasts); Economic Articles (educational articles on various topics related to trading); Currency Charts (live currency quotes and charts); Interest Rates (central bank interest rates and changes); Trader’s Calculator (tool for calculating margin, profit and swap); Library (collection of books and articles on trading); The History of Forex (historical overview of the forex market); Trader’s First Steps (guide for beginner traders); Articles about Trading (useful tips and insights on trading); Forex Trading Strategies (examples of trading systems and methods); Trading Indicators (explanation of technical indicators and how to use them); Schedule of Trading Sessions (information on trading hours and holidays).
ForexChief
Economic Calendar (information on upcoming economic events and indicators); Technical Analysis (daily market analysis and forecasts based on technical tools); Fundamental Analysis (weekly market analysis and forecasts based on macroeconomic factors); Forex Calculators (tools for calculating margin, profit, swap and pip value); VPS Service (virtual private server for running trading robots and signals).
AMarkets vs ForexChief . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, there are a few factors you can consider:
Regulatory: AMarkets is regulated by SVGFSA, while ForexChief is regulated by VFSC. Both regulators are offshore and not very reputable, so you may want to check their reliability and credibility before opening an account with either broker. AMarkets also offers compensation fund protection of up to €20,000 per claim, while ForexChief does not.
Trading Assets: AMarkets offers a wider range of trading assets than ForexChief, including a wide range of forex pairs, metals, commodities, indices, stocks, ETFs, and cryptocurrencies. If you want to diversify your portfolio and trade on different markets, AMarkets might be a better choice.
Trading Fees: Both brokers offer floating or fixed spreads depending on the account type, but ForexHead claims to offer spreads from 0 pips for some accounts, while AMarkets offers spreads from 0.2 pips for your ECN account. Both brokers also charge a commission for some accounts, but ForexChief charges a lower commission than AMarkets. If you want to save on trading costs and have lower spreads, ForexChief might be a better choice.
Account Type: Both brokers offer different account types to suit the needs and preferences of different traders, but AMarkets offers more variety and flexibility than ForexChief. AMarkets offers standard, fixed, ECN, crypto and investment accounts, while ForexChief offers MT4 and MT5 accounts with live or classic execution and coin accounts. If you want more options and features for your trading account, AMarkets might be a better choice.
Deposit and Withdrawal Options: Both brokers offer similar deposit and withdrawal options, including wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. However, AMarkets also offers several local payment methods for Asian customers, such as Help2Pay, NganLuong.vn and PayTrust88. If you want more convenience and accessibility for your deposits and withdrawals, AMarkets might be a better choice.
Trading Platforms: Both brokers offer MetaTrader 4 and MetaTrader 5 as their trading platforms, which are popular and reliable platforms for online trading. However, AMarkets also offers a mobile application for its personal area, allowing clients to manage their accounts, deposits and withdrawals from their smartphones. If you want more portability and functionality for your trading platform, then AMarkets might be a better choice.
Analytical Tools: Both brokers provide different analytical tools to help clients make their trading decisions and strategies, such as market analysis, economic calendars, calculators, etc. Forex calculator and VPS service. However, AMarkets offers more comprehensive and educational tools than ForexChief, such as economic articles, currency charts, interest rates, trader calculators, libraries, forex history, trader’s first steps, articles on trading, forex trading strategies, trading indicators and session trading schedule. If you want more resources and information for your trading training and analysis, then AMarkets might be a better choice.
Ultimately, the best forex broker for you is the one that fulfills your needs and expectations the most. You may want to try out the demo accounts of both brokers before opening a real account with one of them. You may also want to read some reviews and feedback from other traders who have used both brokers before making a final decision.
