ForexChief is an online forex broker that offers trading on various financial instruments such as forex, metals, commodities, indices, stock CFDs and cryptocurrencies. It is licensed by VFSC as a dealer in securities and a member of FMA. It provides its clients with technologies such as VPS server for robots, mobile applications, MetaTrader 4 and MetaTrader 5 platforms.
easyMarkets is an online trading broker that offers trading on forex, cryptos, commodities, indices, shares, metals and vanilla options. It is regulated by CySEC in Europe and ASIC in Australia. It offers its clients with tools such as dealCancellation, Freeze Rate, Inside Viewer and easyTrade. It also provides access to easyMarkets web/app platform, TradingView, MetaTrader 4 and MetaTrader 5 platforms.
ForexChief vs easyMarkets Regulation Comparison
Broker
Regulation
License Number
ForexChief
VFSC (Vanuatu Financial Services Commission)
14777
FMA (Financial Markets Authority)
FSP509766
easyMarkets
CySEC (Cyprus Securities and Exchange Commission)
079/07
ASIC (Australian Securities and Investments Commission)
246566
ForexChief vs easyMarkets Trading Assets Comparison
Variable from 0 pips on MT4.DirectFX and MT5.DirectFX accounts; Fixed from 0.3 pips on cent-MT4.DirectFX and cent-MT5.DirectFX accounts; Fixed from 0.8 pips on classic-MT4 account; Fixed from 0 pips on classic-MT5 account .
No commissions on all accounts except for MT4.DirectFX and MT5.DirectFX accounts which charge $15 per lot per side.
Based on market rates and vary depending on the instrument and account type.
easyMarkets
Fixed from 0.5 pips on MT5 account; Fixed from 0.7 pips on MT4 account; Fixed from 0.8 pips on easyMarkets web/app platform and TradingView.
No commissions on all platforms and accounts.
Based on market rates and vary depending on the instrument and account type.
ForexChief vs easyMarkets Account Types Comparison
ForexChief offers six account types: cent-MT4.DirectFX, cent-MT5.DirectFX, classic-MT4, classic-MT5, MT4.DirectFX and MT5.DirectFX. easyMarkets offers four account types: Standard, Premium, VIP and Super VIP.
ForexChief has different minimum deposit requirements for each account type, ranging from $1 to $100. easyMarkets has different minimum deposit requirements for each account type, ranging from $100 to $50000 or by invitation only.
ForexChief has different leverage levels for each account type, ranging from 1:400 to 1:1000. easyMarkets has a fixed leverage level of 1:200 for all account types.
ForexChief has different spread types for each account type, ranging from fixed to variable. easyMarkets has fixed spreads for all account types, but the spread values vary depending on the platform and the instrument.
ForexChief charges commissions on MT4.DirectFX and MT5.DirectFX accounts, but not on the other accounts. easyMarkets does not charge commissions on any account or platform.
ForexChief vs easyMarkets Deposit Options Comparison
Broker
Deposit Options
Withdrawal Options
ForexChief
Bank Wire Transfer, Credit/Debit Cards (Visa, Mastercard), Electronic Payment Systems (Skrill, Neteller, Perfect Money, FasaPay, Bitcoin etc.).
Bank Wire Transfer, Credit/Debit Cards (Visa, Mastercard), Electronic Payment Systems (Skrill, Neteller, Perfect Money, FasaPay, Bitcoin etc.).
easyMarkets
Bank Wire Transfer, Credit/Debit Cards (Visa, Mastercard), Electronic Payment Systems (Skrill, Neteller, WebMoney, iDeal etc.).
Bank Wire Transfer, Credit/Debit Cards (Visa, Mastercard), Electronic Payment Systems (Skrill, Neteller, WebMoney etc.).
ForexChief vs easyMarkets Trading Platforms Comparison
ForexChief offers three trading platforms: MetaTrader 4, MetaTrader 5 and ForexChief App. easyMarkets offers four trading platforms: easyMarkets Web Platform, easyMarkets App Platform, TradingView and MetaTrader 4.
ForexChief provides access to MetaTrader 5, which is an advanced trading platform with more instruments, timeframes, order types and analytical tools than MetaTrader 4. easyMarkets does not provide access to MetaTrader 5.
ForexChief does not have its own web-based trading platform, but relies on MetaTrader 4 and MetaTrader 5 web versions. easyMarkets has its own web-based trading platform with features such as dealCancellation, Freeze Rate, Inside Viewer and free guaranteed stop loss and take profit.
ForexChief does not have a social network for traders, but allows access to trading signals and expert advisors on MetaTrader 4 and MetaTrader 5. easyMarkets provides access to TradingView, which is a social network for traders with advanced charting and analytics tools.
ForexChief does not have any unique tools or features on its platforms, but offers standard functions such as market execution, instant execution, hedging, scalping and EA. easyMarkets has unique tools and features on its web/app platforms such as dealCancellation, Freeze Rate, Inside Viewer and easyTrade.
ForexChief vs easyMarkets Analytical Tools Comparison
ForexChief Analytical Tools
ForexChief provides access to MetaTrader 4 and MetaTrader 5 platforms, which have a variety of tools for technical analysis, such as indicators, advisors, scripts and trading signals.
ForexChief also offers a VPS server for robots, which allows traders to run their automated trading strategies on a remote server without interruptions.
ForexChief has an Analytics section on its website, which includes analytical reviews, economic articles, currency charts, interest rates and a trader’s calculator.
easyMarkets Analytical Tools
easyMarkets provides access to TradingView, which is a social network for traders with advanced charting and analytics tools, such as drawing tools, indicators, trading ideas and strategies.
easyMarkets also offers its own web/app platform, which has features such as Inside Viewer, which shows the percentage of traders buying and selling an instrument, and dealCancellation, which allows traders to undo a losing trade within a specified time frame .
easyMarkets has a Market News section on its website, which includes daily market analysis, live currency rates, financial calendar and trading charts.
ForexChief vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, goals, strategies and risk appetite. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. . You can also read online reviews and feedback from other traders who have used these brokers before.
