Nash Markets 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 Nash Markets 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.
Nash markets vs XChief: In a Nutshell
Nash markets
Founded in 2020, Nash Markets is an online forex and CFD broker. It is an offshore forex broker that offers 138 forex pairs, stocks, indices, commodities, and cryptocurrency services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Nash Markets is as high as 1:500.
Nash Markets at a Glance
- Founded Year: 2020
- Headquarters: Marshal Island
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: TradeLocker
- Account Types: Standard, Pro, Var, Mini, Cryptos
- Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Cryptocurrencies (ETH, LTC, XRP, DOGE, USDT)
- 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
Nash markets vs XChief: Side By Side Comparison
Nash Markets vs xChief: Features
Nash Markets
- Trading Instruments: stock CFDs, indices, commodities, and cryptocurrencies.
- Trading Platforms: TradeLocker
- Minimum Deposit: $200
- Maximum Leverage: 1:500
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips for the Standard account, $10 per lot for the Pro account, $1 for the Mini account., and $10 for the Cryptos account.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 1000 Lots (Dependent on asset types)
- Funding Currencies: USDT (TRC20)
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.
- PAMM/ MAM: Available
- Stop Out Level (retail): 70%
- Margin Call Level: 100%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
xChief
- Trading Instruments:Â Forex, Metals, Commodities, Indices, CFDs, Stock CFDs
- Trading Platforms:Â MT4 & MT5 & Mobile
- Minimum Deposit:Â Â $0
- Maximum Leverage:Â 1000:1
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.3 pips for the DirectFX account, $3 per lot for the xPRIME account.
- Minimum Trade Size: 0.01 lot.Â
- Funding Currencies:Â USD,EUR,GBP
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.Â
- Maximum Volume per trade:Â The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.Â
- PAMM:Â Available .Â
- Stop Out Level (retail): 30%
- Margin Call Level:Â 50%Â
- Negative balance Protection: YesÂ
- Investor Protection:Â Â No investor protection is Available
Nash markets vs XChief: Pros and Cons
Nash markets Pros & Cons
- Low Minimum Deposit – Starting from as low as $10
- Maximum leverage is as high as 1:500
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Nash Markets Accepts Crypto Deposits
Cons:
- Unregulated offshore forex broker
- Only Crypto Deposit and Withdrawals are available
- Spread sometimes widens during market volatility
- No Managed Account Options
- No Meta Trader ( MT4/MT5) trading platforms.
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:
Nash Markets 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, Nash Markets supports TradeLocker trading platforms. On the other hand, XChief support the MetaTrader (MT4/MT5) trading platform. The minimum deposit for Nash Markets is $10, whereas the minimum deposit for XChief is $0. Additionally, the maximum leverage for Nash Markets is 500:1, while the maximum leverage for XChief is 1000:1.
Our score for Nash Markets is 4.4, and for XChief, it is 3.5 So, If you are looking for a high-leverage offshore broker with TradeLocker trading platform you may choose Nash Markets. 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
