Choosing an account at XChief means deciding on both a platform and an account tier together, since the two are linked at this broker. This guide walks through that decision in order, pulling together everything covered across our other XChief articles.
Step 1: Decide platform priority before choosing an account
XChief’s leverage varies by platform — up to 1:1000 on MT4, only up to 1:400 on MT5, per our overview, and xPRIME (the widest product range) is MT5-only. Decide upfront whether higher leverage or broader product access matters more, since this shapes every subsequent choice.
Step 2: Start on Cent or Classic+ depending on capital
Classic+’s $10 minimum with no commission is a reasonable starting point for most traders, per our overview, while Cent suits an even smaller initial budget. Both stay on either platform without restriction.
Step 3: Set a calendar reminder for the inactivity fee
XChief charges $20 after 6 months of inactivity, then $20/month after, per our fees article. Set a reminder for five months out regardless of how engaged you expect to stay — this single step neutralizes the one risk specific to this broker that’s easy to forget about.
Step 4: Move to DirectFX only once volume justifies it
DirectFX’s $50 minimum and tighter spread, covered in our account-ranking article, only pays off at sufficient trading volume — calculate this yourself before upgrading from Classic+ just because DirectFX sounds more advanced.
Step 5: Only consider xPRIME if you specifically need its product range
xPRIME’s $500 minimum and MT5-only restriction only make sense if you specifically want its 95 stock CFDs and 17 crypto CFDs. If you trade standard forex only, this tier adds cost without benefit.
Putting it together
In sequence: decide platform priority first, start on Cent or Classic+, set an inactivity-fee reminder immediately, move to DirectFX once volume justifies it, and only open xPRIME if its specific product range matters to your strategy.
Frequently asked questions
Can I run accounts on both platforms in parallel? Yes — this is a legitimate way to capture the benefit of both, modeled in our own XChief case study.
Is the inactivity fee reminder really necessary if I trade regularly? It costs nothing to set and directly addresses the one scenario (an unplanned pause) where this fee actually causes harm.
Should a beginner ever start with xPRIME? No — its $500 minimum and MT5-only structure make it a poor starting point regardless of long-term interest in stock CFDs.
Ready to follow this guide at XChief? Classic+ is a reasonable starting point for most traders.
XChief currently has a welcome offer for new accounts for a limited time — terms may change, check directly when you register.
Forex and CFD trading involves leverage and carries a high risk of capital loss. This is not investment advice. Learn more at FXM680’s Forex Academy.