Unlocking the secrets of successful trading on the foreign exchange market is a very complex issue. While every successful trader develops their own profitable strategies, it is important to remember that profitability of any strategy depends on the trading operations of the foreign exchange broker you choose. At xChief, we offer our clients a line of products which are designed to empower all of our clients, irrespective of their trading experience. These include, but are not limited to, narrow spreads, the availability of "Cent" accounts and several bonuses.
Types of Accounts
CENT. The Cent account serves as an intermediary stage between demo and live trading, enabling a smooth, low-stress transition to trading with real money. It is an especially good choice for beginners with no commission and no limits for minimum and maximum balance. Additionally, any strategy and robots (EA) are allowed.
Classic+. The classic account offers floating spreads and no commissions for Forex trading, making it the favored choice for experienced traders who prefer well-balanced basics. Orders are executed in “Market Execution” mode, with execution speeds ranging from 100-150 milliseconds under regular market conditions.
DirectFX. This is the most popular account type in the xChief trading accounts lineup, tailored for traders seeking tight spreads with a minimal broker commission of just $2.5 per 1 lot. No dealers or requotes. Utilizing STP/ECN technology, it's the ideal choice for those desiring transparent quotes without markups.
xPRIME. Offering the tightest spreads, optimal order execution, priority support, and a personal manager, along with a full range of additional services, the xPRIME is the indisputable flagship in the xChief trading accounts lineup and the preferred choice for professionals, small investment firms and high-end investors seeking top-tier products and services.
Order Execution Policy
While the trading conditions specified for each account type are important, they are only one aspect of development and fine-tuning of a trading system. In fact, the quality of order execution, that is the speed of client order processing and the depth of potential slippages while trading in a high-volatile environment, is an important element to consider. In order to protect the client from unforeseen consequences that arise in the process of trading, xChief has developed the