Compare Axi vs Markets.com
What is Axi? What is Markets.com?
Axi is a global online forex and CFD broker that was founded in 2007 and is regulated by ASIC, FCA, DFSA and FMA. Axi offers over 140 trading instruments, including forex, indices, commodities, metals, cryptocurrencies and share CFDs. Axi provides its clients with the MetaTrader 4 platform, as well as various trading tools and educational resources.
Markets.com is a global online forex and CFD broker that was founded in 2008 and is regulated by CySEC, FSCA, ASIC and FSC. Markets.com offers over 2200 trading instruments, including forex, indices, commodities, stocks, ETFs, bonds and cryptocurrencies. Markets.com provides its clients with the Marketsx platform, as well as the MetaTrader 4 and 5 platforms, and various trading tools and educational resources.
Axi vs Markets.com Regulation Comparison
Both Axi and Markets.com are regulated by reputable authorities in multiple jurisdictions. Axi is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, the Dubai Financial Services Authority (DFSA) in the UAE, and the Financial Markets Authority (FMA) in New Zealand.
Markets.com is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, the Australian Securities and Investments Commission (ASIC), and the British Virgin Islands Financial Services Commission (FSC).
Axi vs Markets.com Trading Assets Comparison
Markets.com offers a wider range of trading assets than Axi, with over 2200 instruments across various asset classes. Markets.com offers 67 forex pairs, 25 indices, 28 commodities, 9 metals, 2000+ stocks, 59 ETFs, 4 bonds and 14 cryptocurrencies. Axi offers over 140 instruments across various asset classes. Axi offers 80+ forex pairs, 11 indices, 4 commodities, 5 metals, 80+ share CFDs and 5 cryptocurrencies.
Axi vs Markets.com Trading Fees Comparison
Axi has lower trading fees than Markets.com for most instruments, especially forex and indices. Axi charges competitive spreads and commissions on its Standard and Pro accounts respectively. Axi also offers swap-free accounts for Islamic traders. Markets.com charges variable spreads on its instruments, which are generally higher than Axi’s. Markets.com does not charge commissions on its trades, but it does charge overnight fees for holding positions past market close.
Axi vs Markets.com Account Types Comparison
Axi offers two main account types: Standard and Pro. The Standard account has no commissions but higher spreads, while the Pro account has lower spreads but charges a commission of $7 per round turn lot. Both accounts have a minimum deposit of $0 and a maximum leverage of up to 1:500.
Markets.com offers one main account type: Marketsx. The Marketsx account has variable spreads depending on the instrument and market conditions. The account has no commissions but charges overnight fees for holding positions past market close. The account has a minimum deposit of $100 and a maximum leverage of up to 1:300.
Axi vs Markets.com Deposit Options Comparison
Both Axi and Markets.com offer a variety of deposit and withdrawal options for their clients. Axi accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, BPAY, POLi, FasaPay and broker-to-broker transfer. Markets.com accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal, Sofort Banking and iDeal.
Axi vs Markets.com Trading Platforms Comparison
Both Axi and Markets.com offer their clients access to the popular MetaTrader 4 platform, which is a user-friendly and customizable platform that supports various trading tools, indicators, charts and automated trading. Axi also offers the MetaTrader 4 NextGen platform, which is an enhanced version of MT4 with additional features such as sentiment indicators, advanced order types, trade analysis and more. Markets.com also offers the MetaTrader 5 platform, which is an upgraded version of MT4 with more instruments, timeframes, indicators and order types. Markets.com also offers its own proprietary platform, Marketsx, which is a web-based and mobile-friendly platform that provides various trading tools, such as advanced charts, trading signals, market news, sentiment analysis and more.
Axi vs Markets.com Analytical Tools Comparison
Both Axi and Markets.com provide their clients with various analytical tools to enhance their trading experience and performance. Axi offers tools such as Autochartist, which is a powerful market scanner that identifies trading opportunities based on technical analysis and patterns. Axi also offers PsyQuation, which is a trading analytics tool that helps traders improve their trading behavior and performance.
Markets.com offers tools such as Trading Central, which is a leading provider of technical analysis and market insights. Markets.com also offers tools such as XRay, which is a live streaming service that features market commentary, analysis and education from experts. Markets.com also offers tools such as Events & Trade, which is a tool that helps traders capitalize on market events and news.
Axi vs Markets.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on preference, their goals, strategies and risk appetite. However, you can consider some of the following factors to help you decide:
- If you are looking for a wider range of trading instruments, especially stocks, ETFs, bonds and cryptocurrencies, you may prefer Markets.com over Axi.
- If you are looking for lower trading fees, especially for forex and indices, you may prefer Axi over Markets.com.
- If you are looking for more account options, such as swap-free accounts or different commission structures, you may prefer Axi over Markets.com.
- If you are looking for more platform options, such as MetaTrader 5 or a proprietary platform with advanced trading tools, you may prefer Markets.com over Axi.
- If you are looking for more analytical tools, such as Autochartist, PsyQuation, Trading Central or XRay, you may find both Axi and Markets.com offer useful features for your trading needs.
Ultimately, the best way to find out which broker is better for you is to try them out yourself. You can open a demo account with both Axi and Markets.com and test their platforms, services and features with virtual money. This way, you can get a feel of how they work and compare them in real-time. You can also read user reviews and feedback from other traders who have used these brokers before.
