Compare Axi vs EagleFX
What is Axi? What is EagleFX?
Axi is a forex broker that was established in 2007 and is regulated by ASIC, FCA, DFSA and FSCL. It offers trading on various instruments such as forex, CFDs, indices, commodities, metals, crypto and more. It uses MetaTrader 4 as its trading platform and supports automated trading, one-click trading, trailing stop and pending orders. It has a minimum deposit of $1 and a maximum leverage of 1:500. It charges variable spreads and commissions of $7 per lot.
EagleFX is a forex broker that was established in 2018 and is not regulated by any authority. It offers trading on forex, indices, crypto and more. It also uses MetaTrader 4 as its trading platform and supports the same features as Axi. It has a minimum deposit of $10 and a maximum leverage of 1:500. It also charges variable spreads and commissions of $7 per lot.
Axi vs EagleFX Regulation Comparison
Axi is regulated by four reputable authorities: ASIC (Australia), FCA (United Kingdom), DFSA (United Arab Emirates) and FSCL (New Zealand). These regulators have high standards and requirements for brokers and provide compensation schemes for eligible clients in case of broker insolvency or misconduct.
On the other hand, EagleFX is not regulated by any authority and does not disclose its location or ownership information on its website. This means that traders who choose EagleFX have no guarantee of the safety of their funds or the quality of their services. They also have no recourse in case of any disputes or issues with the broker.
Axi vs EagleFX Trading Assets Comparison
Axi offers more trading assets than EagleFX, as it covers more categories such as CFDs, commodities, metals, futures, ETFs, options, bonds and binary options. EagleFX only offers forex, indices and crypto as its trading assets.
Here is a table that compares the number of trading assets offered by Axi and EagleFX:
| Trading Asset | Axi | EagleFX |
|---|---|---|
| Forex | 80+ | 50+ |
| Indices | 17 | 11 |
| Crypto | 20+ | 30+ |
| CFDs | Yes | No |
| Commodities | Yes | No |
| Metals | Yes | No |
| Futures | Yes | No |
| ETFs | Yes | No |
| Options | Yes | No |
| Bonds | Yes | No |
| Binary Options | Yes | No |
Axi vs EagleFX Trading Fees Comparison
Axi and EagleFX have similar trading fees in terms of spreads and commissions. Both brokers charge variable spreads that depend on market conditions and liquidity. Both brokers also charge commissions of $7 per lot for each trade.
Axi vs EagleFX Account Types Comparison
Axi offers two account types: Standard and Pro. The Standard account has no commissions but higher spreads, while the Pro account has lower spreads but commissions of $7 per lot. Both accounts have a minimum deposit of $1 and a maximum leverage of 1:500. Both accounts also have access to the same trading platform (MetaTrader 4) and the same trading instruments.
On the other hand, EagleFX offers only one account type for all traders. This account has a minimum deposit of $10 and a maximum leverage of 1:500. It also charges variable spreads and commissions of $7 per lot. It also uses MetaTrader 4 as its trading platform and offers forex, indices and crypto as its trading instruments.
Axi vs EagleFX Deposit Options Comparison
| Payment Method | Axi | EagleFX |
|---|---|---|
| Wire Transfer | Yes | Yes |
| Credit/Debit Card | Yes | Yes |
| Skrill | Yes | No |
| Neteller | Yes | No |
| BPAY | Yes | No |
| Cryptocurrency | No | Yes |
Axi vs EagleFX Trading Platforms Comparison
Axi and EagleFX both use MetaTrader 4 as their trading platform. MetaTrader 4 is one of the most popular and widely used trading platforms in the forex industry. It offers a user-friendly interface, advanced charting tools, technical indicators, automated trading features, market news and analysis, etc. It also supports multiple languages and can be customized according to the trader’s preferences.
However, there may be some differences in the quality and performance of MetaTrader 4 offered by each broker, such as the execution speed, server stability, customer support, etc. Therefore, traders should test the demo accounts of each broker before opening a live account with them.
Axi vs EagleFX Analytical Tools Comparison
| Analytical Tool | Axi | EagleFX |
|---|---|---|
| Market News | Yes | Yes |
| Economic Calendar | Yes | Yes |
| Trading Signals | Yes | No |
| Market Analysis | Yes | No |
| Educational Materials | Yes | No |
Axi vs EagleFX. 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 the needs and preferences of other traders. together. However, here are some possible factors you can consider when choosing between Axi and EagleFX:
- Regulation: If you value security and protection, you may prefer Axi, as it is regulated by four reputable authorities, while EagleFX is not regulated by any authority.
- Trading Assets: If you want to trade on a wide range of instruments, you may prefer Axi, as it offers more trading assets than EagleFX, such as CFDs, commodities, metals, futures, ETFs, options, bonds and binary options.
- Trading Fees: If you want to save on trading costs, you may want to compare the spreads and commissions of both brokers, as they charge similar fees. However, you may also want to check other fees such as swaps, overnight fees, deposit fees or withdrawal fees, as they may vary depending on the payment method, currency pair or account type.
- Account Types: If you want to have more options and flexibility in terms of trading features and benefits, you may prefer Axi, as it offers two account types: Standard and Pro. The Standard account has no commissions but higher spreads, while the Pro account has lower spreads but commissions of $7 per lot. EagleFX only offers one account type for all traders.
- Deposit and Withdrawal Options: If you want to have more convenience and choice in terms of funding or withdrawing money from your account, you may prefer Axi, as it supports more payment methods such as Skrill, Neteller and BPAY. EagleFX only supports wire transfers, credit/debit cards and cryptocurrencies as its payment methods.
- Trading Platforms: If you are comfortable with using MetaTrader 4 as your trading platform, you may not have a strong preference between Axi and EagleFX, as they both use MetaTrader 4. However, you may want to test the quality and performance of MetaTrader 4 offered by each broker before opening a live account with them.
- Analytical Tools: If you want to have more access to market news, economic calendars, trading signals, market analysis and educational materials, you may prefer Axi, as it offers more analytical tools than EagleFX. EagleFX only provides market news and economic calendars as its analytical tools.
Ultimately, the choice is yours. You should do your own research and due diligence before choosing a forex broker. You should also consider your own trading goals, risk appetite and experience level. You can also try the demo accounts of both brokers to get a feel of their services and features before opening a live account with them.
