Compare ForexChief vs IFC Markets
What is ForexChief? What is IFC Markets?
ForexChief is a forex broker that offers trading on various instruments, such as forex, metals, commodities, indices, stocks and cryptocurrencies. It has been operating since 2006 and is licensed by the British Virgin Islands Financial Services Commission (BVI FSC) . It also offers a trading platform called NetTradeX, developed by Nettradex Limited .
IFC Markets is a forex broker that offers trading on various instruments, such as forex, CFDs, bonds and cryptocurrencies. It has been operating since 2006 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) . It also offers a service called IFCM Invest, which allows traders to create their own investment funds or invest in other funds .
ForexChief vs IFC Markets Regulation Comparison
Both brokers are regulated by reputable authorities in their jurisdictions.
ForexChief is regulated by the BVI FSC, which requires the broker to keep client funds separate from its own funds, to hold professional indemnity insurance, and to comply with anti-money laundering and anti-fraud policies .
IFC Markets is regulated by the CySEC, which requires the broker to adhere to the MiFID directive, to participate in the Investor Compensation Fund, and to follow strict rules on capital adequacy, risk management and transparency .
ForexChief vs IFC Markets Trading Assets Comparison
Both brokers offer a wide range of trading instruments, but there are some differences in their offerings.
ForexChief offers more than 650 instruments, including forex, metals, commodities, indices, stocks and cryptocurrencies . IFC Markets offers more than 600 instruments, including forex, CFDs, bonds and cryptocurrencies .
However, IFC Markets also offers a unique feature called synthetic instruments, which allows traders to create their own instruments from a combination of existing ones .
ForexChief vs IFC Markets Trading Fees Comparison
Both brokers offer competitive trading conditions, but there are some variations in their fees. ForexChief offers tight spreads from 0 pips and no commissions on most accounts . It also offers a welcome bonus of $500 and a turnover rebate program that pays up to $10 for 1 million USD of trading volume . IFC Markets offers fixed spreads from 1.8 pips and no commissions on most accounts . It also offers a deposit bonus of 50% and a chance to win prizes in its promotions .
ForexChief vs IFC Markets Account Types Comparison
Both brokers offer different types of accounts to suit different trading styles and preferences.
ForexChief offers four types of accounts: MT4.DirectFX, MT4.Classic+, MT5.DirectFX and MT5.Classic+ . The main differences between them are the platforms (MetaTrader 4 or MetaTrader 5), the spreads (variable or fixed), the minimum deposits ($1 or $100) and the leverage (up to 1:1000 or up to 1:400) .
IFC Markets offers three types of accounts: Beginner, Standard and Micro . The main differences between them are the minimum deposits ($1, $1000 or $10), the lot sizes (0.01, 0.1 or 0.001) and the number of instruments available (400+, 600+ or 400+) .
ForexChief vs IFC Markets Deposit Options Comparison
Both brokers offer various methods for depositing and withdrawing funds from their accounts.
ForexChief supports bank transfers, credit/debit cards, e-wallets (such as Skrill, Neteller and WebMoney), cryptocurrencies (such as Bitcoin, Ethereum and Litecoin) and local payment systems (such as Perfect Money and FasaPay) .
IFC Markets supports bank transfers, credit/debit cards, e-wallets (such as Skrill, Neteller and WebMoney), cryptocurrencies (such as Bitcoin) and local payment systems (such as Perfect Money) .
ForexChief vs IFC Markets Trading Platforms Comparison
Both brokers offer popular and advanced trading platforms for their clients.
ForexChief offers MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices . It also offers NetTradeX platform for desktop and mobile devices . NetTradeX is a proprietary platform that has some unique features such as synthetic instruments creation, margin trading on stocks and cryptocurrencies, and advanced order types .
IFC Markets offers MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices . It also offers a web-based platform called WebTerminal, which allows traders to access their accounts from any browser without downloading any software .
ForexChief vs IFC Markets Analytical Tools Comparison
Both brokers provide various tools and resources for their clients to enhance their trading performance and knowledge.
ForexChief offers a library of educational materials, such as articles, videos, books and webinars, covering topics such as forex basics, trading strategies, technical analysis and market psychology . It also offers a trader’s calculator, an economic calendar, a market sentiment indicator and a news feed .
IFC Markets offers an IFCM Trading Academy, which is an interactive forex education program that covers topics such as forex basics, trading platforms, technical analysis and trading psychology . It also offers an analytical reviews section, which contains daily market updates and analyses from experts . It also offers a trader’s calculator, an economic calendar, a market movers section and a news feed .
ForexChief vs IFC Markets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on many factors, such as your trading style, preferences, goals, risk tolerance, and experience. You should compare the features and conditions of different brokers and decide which broker is best for you. You can also read reviews and ratings from other traders to get their opinions and feedback. However, you should always do your own research and analysis before making any investment decisions.
