XChief — India
Key facts (8)
- Who actually onboards you
- Onboards Indian clients via offshore xChief LTD (Comoros/Mwali); no In
- Licence number
- not stated
- Established
- 2014group
- Min deposit, USD
- 10 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- No verified INR/UPI local rail; cards, wire, Skr
- Max leverage
- 1000geo
- EURUSD
- 0.6 pipsgroup
This broker against the India middle (52 of 91)
| XChief | India median | |
|---|---|---|
| Round turn, USD | 5.5 USD | 6.0 USD |
| Min deposit, USD | 10 USDgeo | 30.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | 1 to 5 business days hgroup | 48.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.3 pipsgroup | 0.0 pips |
| Established | 2014group | 2008.0 |
| Platforms | 2 | 3 |
Accepts residents of India
No
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Onboards Indian clients via offshore xChief LTD (Comoros/Mwali); no India entity.
Entity not established
Public rating and its base
4.7out of 51.6K Ratings
Round turn against the local middle (52 of 91)
raw+commission
Getting money out
From the entry account upwards
CENT (min $0), Classic+ ($10), DirectFX ($50), xPRIME ($500, MT5).
Terminals, markets, instrument counts (2)
MT4 · MT5
FX, metals/gold, indices, crypto CFDs.
What works and what to watch
Pros (2)
- Round turn 5.5 USD against a India median of 6.0
- Swap-free account available
Cons (2)
- No local licence: the client is onboarded by a foreign entity
- Carries a regulator warning; excluded from beginner and most-established lists
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
United States, Canada, Angola, Australia, Belarus, Bolivia, Republic of Congo, Cuba, Democratic Republic of Congo, El Salvador, Lesotho, New Zealand, Panama, Paraguay, Reunion, Uruguay
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- xchief.com domain
- tradersunion.com domain
- daytrading.com domain
FAQ (5)
Does XChief accept residents of India?
No.
Which entity onboards a India client of XChief?
Onboards Indian clients via offshore xChief LTD (Comoros/Mwali); no India entity.
What licence does XChief hold for India?
No licence number is published for this country.
What does one EURUSD lot cost at XChief?
5.5 USD per round turn against a India median of 6.0 USD, measured on 52 of 91 brokers.
How long does a withdrawal from XChief take?
1 to 5 business days hours as published. Processing takes one to five business days