Compare ForexChief vs Weltrade
What is ForexChief? What is Weltrade?
ForexChief is a reliable online Forex broker that offers trading and analytical technologies, as well as additional services such as VPS server for robots, mobile applications, trading signals, and trading credits. It has been operating since 2006 and is licensed by VFSC as Dealer in Securities.
Weltrade is an international company with 16 years of experience in the FX market and online trading. It was founded in 2006 by a group of professionals with a common interest in international finance and IT. Its mission is to provide transparent and safe Forex trading available to anyone. It is regulated by FSCA.
ForexChief vs Weltrade Regulation Comparison
Both ForexChief and Weltrade are regulated brokers, which means they are supervised by financial authorities and must comply with certain rules and standards to protect their clients’ interests.
ForexChief is regulated by the Vanuatu Financial Services Commission (VFSC) as Dealer in Securities. It is also a member of the Financial Market Association (FMA.
Weltrade is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. It also has a license from the International Financial Services Commission (IFSC) of Belize.
ForexChief vs Weltrade Trading Assets Comparison
Both ForexChief and Weltrade offer a variety of trading assets, including Forex, metals, commodities, indices, stocks, and cryptocurrencies. However, there are some differences in the number and type of assets available on each platform.
ForexChief offers 40+ currency pairs, 4 metals, 4 commodities, 12 indices, and 50+ stocks. It also offers 10 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Dash.
Weltrade offers 50+ currency pairs, 6 metals, 3 commodities, 11 indices, and 60+ stocks. It also offers 20+ cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Monero, Zcash, and more.
ForexChief vs Weltrade Trading Fees Comparison
Both ForexChief and Weltrade charge fees for trading on their platforms, such as spreads, commissions, swaps, and overnight fees. The fees may vary depending on the account type, trading instrument, market conditions, and other factors.
ForexChief offers four types of accounts: Cent-MT4.DirectFX, Cent-MT4.Classic+, MT4.DirectFX, and MT4.Classic+. The spreads start from 0 pips for the MT4.DirectFX account and from 0.3 pips for the other accounts. The commissions range from $0 to $15 per lot depending on the account type and trading volume. The swaps are calculated based on the market rates and are updated daily.
Weltrade offers five types of accounts: Micro, Premium, Pro, ZuluTrade, and Crypto. The spreads start from 0 pips for the Pro account and from 0.5 pips for the other accounts. The commissions range from $0 to $8 per lot depending on the account type and trading instrument. The swaps are calculated based on the market rates and are updated daily.
ForexChief vs Weltrade Account Types Comparison
ForexChief offers four types of accounts: Cent-MT4.DirectFX, Cent-MT4.Classic+, MT4.DirectFX, and MT4.Classic+. Weltrade offers five types of accounts: Micro, Premium, Pro, ZuluTrade, and Crypto.
ForexChief’s minimum deposit ranges from $1 to $100 depending on the account type. Weltrade’s minimum deposit ranges from $25 to $500 depending on the account type.
ForexChief’s maximum leverage ranges from 1:400 to 1:1000 depending on the account type. Weltrade’s maximum leverage ranges from 1:3 to 1:1000 depending on the account type.
ForexChief vs Weltrade Deposit Options Comparison
Both ForexChief and Weltrade offer various methods for depositing and withdrawing funds from their platforms, such as bank transfers, credit cards, e-wallets, and cryptocurrencies. However, there are some differences in the availability, speed, and fees of each method.
ForexChief offers more than 20 ways to deposit and withdraw funds, including Visa, Mastercard, Skrill, Neteller, Perfect Money, Bitcoin, Ethereum, Litecoin, and more. It does not charge any fees for deposits or withdrawals. The processing time for deposits is usually instant or up to 24 hours. The processing time for withdrawals is usually within one hour or up to 24 hours.
Weltrade offers more than 30 ways to deposit and withdraw funds, including Visa, Mastercard, Skrill, Neteller, Perfect Money, Bitcoin, Ethereum, Litecoin, Tether, and more. It does not charge any fees for deposits or withdrawals. The processing time for deposits is usually instant or up to 24 hours. The processing time for withdrawals is usually within 30 minutes or up to 24 hours.
ForexChief vs Weltrade Trading Platforms Comparison
Both ForexChief and Weltrade use the popular trading platforms MetaTrader 4 and MetaTrader 5 developed by MetaQuotes. These platforms offer a wide range of tools for trading and technical analysis, as well as support for automated trading systems and signals.
ForexChief also offers a mobile application for the personal area, which allows the clients to access all the basic functions such as deposit and withdrawal, account opening, helpdesk, verification of personal data, bonuses and credits, etc.
Weltrade also offers a partnership with ZuluTrade, which is a social trading platform that allows the clients to copy the trades of successful traders or become signal providers themselves.
ForexChief vs Weltrade Analytical Tools Comparison
Both ForexChief and Weltrade provide various analytical tools and resources for their clients to help them make informed trading decisions and improve their skills.
ForexChief offers an analytical section on its website that includes analytical reviews, economic articles, currency charts, interest rates, trader’s calculator, library of trading strategies and indicators, schedule of trading sessions, etc.
Weltrade offers an analytics section on its website that includes market news, economic calendar, trading signals, technical analysis tools, trader’s calculator, library of trading strategies and indicators, schedule of trading sessions, etc
ForexChief vs Weltrade. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as it depends on your personal preferences, goals and trading style. However, here are some possible factors that you can consider:
- If you are looking for a broker with a lower minimum deposit requirement, ForexChief may be a better option, as it allows you to open an account with as little as $1.
- If you are looking for a broker with a higher maximum leverage, Weltrade may be a better option, as it offers up to 1:1000 leverage for some account types.
- If you are looking for a broker with more trading assets, especially cryptocurrencies, Weltrade may be a better option, as it offers more than 20 cryptocurrencies to trade with.
- If you are looking for a broker with more trading platforms, especially MetaTrader 5 or ZuluTrade, Weltrade may be a better option, as it supports both of these platforms in addition to MetaTrader 4.
- If you are looking for a broker with more analytical tools and resources, both ForexChief and Weltrade offer similar features, such as market news, economic calendar, trading signals, technical analysis tools, trader’s calculator, library of trading strategies and indicators, schedule of trading sessions, etc.
Ultimately, the best way to decide which forex broker is better or which one you should choose is to try them out yourself and see which one suits your needs and expectations better. You can open a demo account with both ForexChief and Weltrade and test their services and platforms without risking any real money. You can also compare their customer support, withdrawal speed, bonuses and promotions, and other aspects that may affect your trading experience.
