Compare Axi vs AvaTrade
What is Axi? What is AvaTrade?
Axi is a forex and CFD broker that was founded in 2007 and is regulated by ASIC, FCA, DFSA and FSCL. Axi offers over 175 tradable instruments, including 65 currency pairs, indices, commodities, metals and cryptocurrencies. Axi provides variable spreads, high leverage up to 1:500, and various payment methods such as Skrill, Neteller, BPAY and credit/debit cards. Axi supports MetaTrader 4 as its trading platform.
AvaTrade is a forex and CFD broker that was founded in 2006 and is regulated by ASIC, FSCA, ISA, FSC, FSA, Central Bank of Ireland and DFSA. AvaTrade offers over 1260 tradable instruments, including 55 currency pairs, indices, commodities, metals, cryptocurrencies, stocks, ETFs and options. AvaTrade provides fixed spreads, moderate leverage up to 1:400, and various payment methods such as WebMoney, Skrill, Neteller, UnionPay and credit/debit cards. AvaTrade supports MetaTrader 4, MetaTrader 5, AvaOption and AvaTradeGO as its trading platforms.
Axi vs AvaTrade Regulation Comparison
| Regulatory Authority | Axi | AvaTrade |
|---|---|---|
| ASIC (Australia) | Yes | Yes |
| FCA (UK) | Yes | No |
| DFSA (UAE) | Yes | Yes |
| FSCL (New Zealand) | Yes | No |
| FSCA (South Africa) | No | Yes |
| ISA (Israel) | No | Yes |
| FSC (British Virgin Islands) | No | Yes |
| FSA (Japan) | No | Yes |
| Central Bank of Ireland (Ireland) | No | Yes |
Axi vs AvaTrade Trading Assets Comparison
| Trading Asset | Axi | AvaTrade |
|---|---|---|
| Forex Pairs | 65 | 55 |
| Indices | Yes | Yes |
| Commodities | Yes | Yes |
| Metals | Yes | Yes |
| Cryptocurrencies | Yes | Yes |
| Stocks | No | Yes |
| ETFs | No | Yes |
| Options | No | Yes |
As you can see, both brokers offer a wide range of trading assets for traders to choose from. However, AvaTrade has more options than Axi in terms of stocks, ETFs and options.
Axi vs AvaTrade Trading Fees Comparison
| Trading Fee | Axi | AvaTrade |
|---|---|---|
| Spread Type | Variable | Fixed |
| EUR/USD Spread (pips) | 0.4 | 0.9 |
| GBP/USD Spread (pips) | 0.6 | 1.6 |
| USD/JPY Spread (pips) | 0.5 | 1.1 |
| AUD/USD Spread (pips) | 0.4 | 1.1 |
| Gold Spread (pips) | 0.3 | 0.34 |
| Commission ($ per lot) | 0 | 7 |
| Swap Rate (Long) | -0.17% | -0.05% |
| Swap Rate (Short) | -0.08% | -0.25% |
Axi vs AvaTrade Account Types Comparison
| Account Type | Axi Standard | Axi Pro | AvaTrade Retail | AvaTrade Professional |
|---|---|---|---|---|
| Minimum Deposit ($) | 1 | 1 | 100 | 100 |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:30 | Up to 1:400 |
| Spread | Variable | Variable | Fixed | Fixed |
| Commission ($ per lot) | 0 | 7 | 0 | 0 |
| Trading Platform | MT4 | MT4 | MT4, MT5, AvaOption, AvaTradeGO | MT4, MT5, AvaOption, AvaTradeGO |
| Features and Services | Free VPS, Autochartist, PsyQuation Premium, DupliTrade, ZuluTrade, MQL5 Signals | Free VPS, Autochartist, PsyQuation Premium, DupliTrade, ZuluTrade, MQL5 Signals | Free VPS, Autochartist, DupliTrade, ZuluTrade, MQL5 Signals, AvaProtect, AvaSocial | Free VPS, Autochartist, DupliTrade, ZuluTrade, MQL5 Signals, AvaProtect |
As you can see, both brokers offer similar account types with different features and services. However, Axi has lower minimum deposit and higher leverage than AvaTrade for both standard and professional accounts.
Axi vs AvaTrade Deposit Options Comparison
| Deposit/Withdrawal Option | Axi | AvaTrade |
|---|---|---|
| Bank Wire Transfer | Yes | Yes |
| Credit/Debit Cards | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| BPAY | Yes | No |
| WebMoney | No | Yes |
| UnionPay | No | Yes |
Axi vs AvaTrade Trading Platforms Comparison
| Trading Platform | Axi | AvaTrade |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | No | Yes |
| AvaOption | No | Yes |
| AvaTradeGO | No | Yes |
Axi vs AvaTrade Analytical Tools Comparison
Here is a list that compares the main analytical tools offered by Axi and AvaTrade:
- Technical indicators: Both brokers offer a range of technical indicators on their MetaTrader 4 platforms, such as moving averages, Bollinger bands, MACD, RSI, Stochastic and more. These indicators help traders identify trends, patterns, signals and levels on the price charts.
- Charting tools: Both brokers offer various charting tools on their MetaTrader 4 platforms, such as different time frames, chart types, drawing tools, templates and more. These tools help traders visualize the price movements and apply technical analysis.
- Market news: Both brokers provide market news on their websites and platforms, covering the latest events and developments that may affect the financial markets. These news help traders stay updated and informed about the market conditions and opportunities.
- Economic calendars: Both brokers provide economic calendars on their websites and platforms, showing the dates and times of the major economic data releases and events that may impact the financial markets. These calendars help traders plan their trades and anticipate market volatility.
- Trading signals: Both brokers offer trading signals on their MetaTrader 4 platforms, either from their own analysts or from third-party providers such as MQL5 Signals, DupliTrade and ZuluTrade. These signals provide traders with trade ideas and recommendations based on various strategies and criteria.
- Social trading platforms: Both brokers offer social trading platforms on their MetaTrader 4 platforms, such as DupliTrade and ZuluTrade for Axi and AvaSocial for AvaTrade. These platforms allow traders to copy or follow other successful traders and benefit from their experience and performance.
As you can see, both brokers offer a variety of analytical tools for traders to use. However, AvaTrade has some additional tools that Axi does not have, such as AvaOption for options trading, AvaProtect for risk management and Autochartist for automated technical analysis.
Axi vs AvaTrade. 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 it depends on your personal preferences, trading goals, experience and capital. However, here are some factors that can help you decide:
- If you value trust and regulation, you may prefer AvaTrade as it has more regulatory licenses than Axi from reputable authorities.
- If you value cost and efficiency, you may prefer Axi as it has lower spreads and commissions than AvaTrade for most trading instruments.
- If you value diversity and flexibility, you may prefer AvaTrade as it has more trading assets and platforms than Axi, including stocks, ETFs, options, MetaTrader 5, AvaOption and AvaTradeGO.
- If you value support and guidance, you may prefer AvaTrade as it has more analytical tools and features than Axi, such as AvaProtect, AvaSocial and Autochartist.
Ultimately, the best way to find out which broker suits you better is to try them out yourself. You can open a demo account with both brokers and test their services and platforms for free. You can also read more reviews and testimonials from other traders who have used both brokers.
