ForexChief vs TMGM
xChief or TMGM – which is better for UK traders 2025? Compare xChief and TMGM in this detailed breakdown of their platforms, features and fees.
| xChief | TMGM |
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| xChief is ranked #43 among CFD brokers. | TMGM is ranked #50 among CFD brokers. |
| 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. | TMGM, an ASIC-regulated broker, offers a broad selection of tradeable assets, including forex, stocks, indices, cryptocurrencies, and commodities. Traders can choose between account options that feature either no commission or zero spreads, ensuring competitive pricing throughout. |
| Pros | |
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| Cons | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Metals, Commodities, Stocks, Indices | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $100 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC | ASIC, FMA, VFSC |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 0.1% | |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| Yes | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes |
| Copy Trading | |
| Yes | 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. | HUBx offers copy trading, enabling investors to automatically replicate the strategies of successful traders. This is perfect for those seeking effortless entry into prominent financial markets. |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | MT4 Expert Advisors (EAs) |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| 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. | Engage in trading across a diverse array of asset classes, including forex, energies, precious metals, company shares, indices, and cryptocurrencies. This broker stands out due to its superior execution and the chance to trade using direct market access pricing. |
| Leverage | |
| 1:1000 | 1:500 |
| FTSE Spread | |
| 70 | 4.0 |
| GBPUSD Spread< | |
| 0.9 | 1.4 |
| Oil Spread | |
| 12 | 0.0 |
| Stocks Spread | |
| 50 | Variable |
| 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. | Trade over 50 forex pairs, encompassing major, minor, and exotic categories. While this selection is satisfactory, traders can opt for the appealing MT4, MT5, or IRESS platforms. With regulatory oversight from ASIC, security is ensured. The VPS is ideal for those employing automated trading strategies. |
| Assets | |
| 40 | 50+ |
| GBPUSD Spread | |
| 0.9 | 1.4 |
| EURUSD Spread | |
| 0.4 | 0.3 |
| EURGBP Spread | |
| 0.9 | 0.2 |
| 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. | Engage in trading CFDs on 12 leading cryptocurrencies, such as BTC and ETH, paired with USD and leveraged up to 1:20. For a CFD broker, offering a dozen tokens is commendable. However, traders seeking emerging tokens might favour an exchange or specialised crypto broker. |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| xChief | TMGM |
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