Axi is a forex broker that was established in 2007 and is regulated by ASIC, FCA and DFSA. It offers trading on over 140 instruments, including forex, CFDs, indices, commodities, metals and cryptocurrencies. It uses the MetaTrader 4 platform and provides various account types, trading tools and educational resources for its clients.
ForexChief is a forex broker that was established in 2014 and is licensed by VFSC. It offers trading on over 50 instruments, including forex, CFDs, metals, commodities and cryptocurrencies. It uses the MetaTrader 4 and MetaTrader 5 platforms and provides various promotions, bonuses, contests and analytical tools for its clients.
Axi vs ForexChief Regulation Comparison
Broker
Regulator
License Number
Axi
ASIC (Australia)
318232
FCA (United Kingdom)
509746
DFSA (United Arab Emirates)
2758
ForexChief
VFSC (Vanuatu)
14777
Axi vs ForexChief Trading Assets Comparison
Broker
Forex Pairs
CFDs
Indices
Commodities
Metals
Cryptocurrencies
Axi
80+
Yes
Yes
Yes
Yes
Yes
ForexChief
40+
Yes
No
No
Yes
Yes
Axi vs ForexChief Trading Fees Comparison
Broker
Spread Type
Average EUR/USD Spread (pips)
Commission per Lot (USD)
Axi
Variable
0.4 – 1.1 (depending on account type)
$0 – $7 (depending on account type)
ForexChief
Variable
0 – 0.4 (depending on account type)
$0 – $15 (depending on account type)
Axi vs ForexChief Account Types Comparison
Broker
Account Types
Axi
Standard, Pro, Islamic, Joint, Corporate
ForexChief
Cent-MT4.DirectFX, Cent-MT4.Classic+, MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+, Prime
Axi vs ForexChief Deposit Options Comparison
Broker
Deposit Methods
Withdrawal Methods
Axi
Skrill, Wire transfer, Credit/debit cards, Neteller and BPAY. Minimum deposit: $1. No deposit fees. Processing time: instant for most methods except wire transfer (2-5 business days).
Withdrawal fees: none for most methods except wire transfer ($25). Processing time: within one business day for most methods except wire transfer (2-5 business days).
ForexChief
WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, AdvCash, Ripple, Tether (USDT), Dogecoin, USD Coin (USDC) and Dai (DAI). Minimum deposit: $10. No deposit fees. Processing time: instant for most methods except wire transfer (2-5 business days).
Withdrawal fees: none for most methods except wire transfer ($20). Processing time: within one business day for most methods except wire transfer (2-5 business days).
Axi vs ForexChief Trading Platforms Comparison
Broker
Trading Platforms
Axi
MetaTrader 4 for desktop and mobile devices. Supports automated trading with Expert Advisors and custom indicators. Provides various trading tools such as Autochartist, PsyQuation and VPS service.
ForexChief
MetaTrader 4 and MetaTrader 5 for desktop and mobile devices. Supports automated trading with Expert Advisors and custom indicators. Provides various analytical tools such as Trader’s Calculator and Library.
Axi vs ForexChief Analytical Tools Comparison
Broker
Analytical Tools
Axi
Provides daily market analysis and news on its website and social media channels. Offers free webinars and educational articles for beginners and advanced traders. Provides access to Autochartist, a market scanning tool that identifies trading opportunities based on technical analysis and chart patterns. Provides access to PsyQuation, a trading analytics platform that helps traders improve their performance and reduce risk. Provides access to VPS service, which allows traders to run their automated trading strategies without interruption.
ForexChief
Provides daily market analysis and news on its website and social media channels. Offers various promotions, bonuses and contests for its clients. Provides access to Trader’s Calculator, a tool that helps traders calculate the margin, profit, swap and pip value of their trades. Provides access to Library, a collection of books and articles on forex trading and related topics.
Axi vs ForexChief. Which forex broker is better? Which forex broker should you choose?
The best forex broker for you may depend on your personal preferences, trading style, goals and risk appetite.
You should compare brokers based on criteria that are important to you and choose a broker that suits your needs and expectations. You should also do your own research and due diligence before opening an account with any broker.
