Fyntura and XChief are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review Fyntura and XChief by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
Fyntura vs XChief: In a Nutshell
Fyntura
Founded in 2023, Fyntura is an online forex and CFD broker. It is an unregulated forex broker that offers 100 instruments ranging from all the major Cryptos, Forex, Commodities, and Global Indices to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Fyntura is as high as 1:500.
Fyntura at a Glance
- Founded Year: 2020
- Location: Seychelles
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT4
- Account Types: Zero, Pro, Prime
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Crypto deposits and withdrawals
- US Traders: Accepted
XChief
Founded in 2020, xChief is an online forex and CFD broker. It is an offshore forex broker that offers Forex, Metals, Commodities, Indices CFDs, Crypto CFDs, and Stock CFDs, for your personal investment and trading options. The broker allows all trading styles including scalping, hedging, news trading, etc. The broker also offers passive investment programmes like PAMM, MAM. The maximum leverage of xChief is as high as 1:1000.
xChief Overview
- Founded Year: 2014
- Founder: ForexChief Ltd
- Headquarters: Fomboni, Comoros
- Minimum Deposit: $0, (Min deposits vary based on account types)
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT4, MT5, Web Terminal, Mobile Trading
- Account Types: Cent, Classic+, DirectFX, prime
- Payment Options: Bank Wire Transfer (Credit/Debit Card, SEPA, Swift, Local Bank Transfer), Crypto/Binance/Coinbase, Perfect Money
- US Clients: Accepted
Fyntura vs XChief: Side By Side Comparison
Fyntura vs XChief: Pros and Cons
Fyntura Pros & Cons
- Low Minimum Deposit – Starting from as low as $10
- Offers 100+ Trading Instruments including forex, indices, metals, and Cryptos
- Maximum leverage is as high as 1:500
- Offers Meta Trader 4 (MT4) Trading Platforms
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Fyntura Accepts Crypto Deposits
Cons:
- Unregulated offshore forex broker
- Only Crypto Deposit and Withdrawals are available
- Only MT4 is available. No other trading platforms are offered.
XChief Pros & Cons
- No Minimum Deposit – You can start trading from as low as $1
- Allow Crypto CFD Trading
- Demo Accounts are Available
- The Maximum leverage is as high as 1:1000
- Allow Scalping, EA Trading, and News Trading
- xChief Accepts Crypto Deposits
- Offers MT4, MT5, Mobile trader, and Webrader trading platform
- Bank Transfer, Crypto Deposits, Binance Pay etc
- Offshore Broker with very limited information
- Limited Deposit and Withdrawal Option
- Unregulated Forex broker
Final Thoughts:
Fyntura and XChief are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, Fyntura supports MT4 (Desktop, Web, Phone) trading platforms. On the other hand, XChief support the MetaTrader (MT4/MT5) trading platform. The minimum deposit for Fyntura is $10, whereas the minimum deposit for XChief is $0. Additionally, the maximum leverage for Fyntura is 500:1, while the maximum leverage for XChief is 1000:1.
Our score for Fyntura is 4.5, and for XChief, it is 3.5 So, If you are looking for a high-leverage offshore broker with MT4 trading platform you may choose Fyntura. However, if you prefer to use MT4/MT5, you may choose XChief.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks
