ForexChief vs InstaForex

xChief or InstaForex – which is better for UK traders 2025? Compare xChief and InstaForex in this detailed breakdown of their platforms, features and fees.

xChief vs InstaForex Comparison Table 2025
xChief InstaForex
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3.9
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xChief is ranked #40 among CFD brokers. InstaForex is ranked # among .
Review
xChief, a forex and CFD broker founded in 2014, operates offshore and is registered with the VFSC and FMA. It offers a diverse range of account types and base currencies, catering to traders worldwide. Notably, the brand provides a no deposit bonus and rebates on fees for high-volume traders.
InstaForex has closed or no longer accepts UK clients.
Pros
  • The broker provides various account types to cater to traders at all levels. Options include a Cent account for novices and advanced hedging/netting accounts for professionals.
  • The broker provides a rebate scheme aimed at active traders, alongside trading credits and various occasional bonuses.
  • xChief provides an excellent trading environment using the MT4 and MT5 platforms. These platforms feature industry-leading charts, indicators, and tools.
  • xChief provides STP/ECN execution with minimal spreads beginning at 0.0 pips and competitive commission rates from $2.50 per side.
  • The minimal $10 deposit is attractive to novice traders, complemented by beginner guides in the Library.
  • Traders can utilise the MetaQuotes Signals service for copy trading solutions.
Cons
  • The Classic+ account offers access to over 50 instruments, while the Cent account provides more than 35. Other account types offer a greater variety of instruments.
  • xChief operates as an offshore broker with minimal regulatory supervision from the VFSC, offering traders limited protection.
  • Most withdrawal methods incur fees and minimums, with SWIFT bank transfers requiring at least €60.
  • The total of over 150 assets is considerably fewer than most competitors, who usually provide hundreds.
  • The broker lags behind rivals in research tools and educational resources.
FCA Regulated
No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices
Demo Account
Yes
Minimum Deposit
$10
Payment Methods
Minimum Trade
0.01 Lots
Regulator
ASIC
Mobile Apps
iOS & Android
iOS App Rating
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4.8
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Android App Rating
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4.7
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Margin Trading
Yes
Margin Rate
0.1%
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
AlgoTrader
No
OmniTrader
No
TradingView
No
Autochartist
No
eSignal
No
Trading Central
No
STP Account
Yes
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
Yes
LAMM Account
No
Demat Account
No
AI / Machine Learning
No
Robo Advisor
No
Negative Balance Protection
No
Market Maker
No
P2P Trading
No
Spot Trading
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes
Copy Trading Platform
Clients can utilise trading signals on the MetaTrader platform. Signal providers, on the other hand, have the opportunity to earn additional income by selling their positions. Beginning trading is straightforward and involves only a few simple steps.
Social Trading
No
Trade Signals
Yes
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Ethical Investing
No
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Commodities
  • Silver
  • Natural Gas
  • Gold
  • Oil
CFD
Trade an extensive array of CFDs, including cryptocurrencies, indices, energies, and metals, with leverage reaching 1:1000. Benefit from ECN pricing, featuring spreads starting at 0.0 pips and competitive commissions from $2.50. For traders with a modest budget, a Cent account option is accessible.
Leverage
1:1000
FTSE Spread
70
GBPUSD Spread<
0.9
Oil Spread
12
Stocks Spread
50
Forex
xChief facilitates trading in spot foreign exchange across all account types, covering over 40 major, minor, and exotic currency pairs. Access the top MT4 and MT5 platforms, equipped with numerous built-in technical tools for short-term forex strategies.
Assets
40
GBPUSD Spread
0.9
EURUSD Spread
0.4
EURGBP Spread
0.9
Cryptocurrency
xChief offers a limited selection of five cryptocurrencies paired with USD, compared to its competitors. Its average BTCUSD spread is 30 pips, which is on the higher side. However, the broker provides valuable crypto trading guides for beginners.
Spread
Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No
Crypto Mining
No
Crypto Staking
No
Auto Market Maker
No
xChief InstaForex
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