Compare Axi vs ForexMart
What is Axi? What is ForexMart?
Axi is a forex broker that was established in 2007 and is regulated by ASIC, FCA, DFSA and FSCL. It offers trading on over 80 currency pairs, as well as CFDs on indices, commodities, metals, energies, futures and options. Axi provides the MetaTrader 4 platform with one-click trading, trailing stop and pending orders. It also offers analytical tools such as Autochartist, PsyQuation and Trading Central.
ForexMart is a forex broker that was established in 2014 and is regulated by CySEC. It offers trading on over 70 currency pairs, as well as CFDs on crypto, stocks, oil, metals and indices. ForexMart provides the MetaTrader 4 platform with one-click trading, trailing stop and pending orders. It also offers bonus offers, free education and trading contests.
Axi vs ForexMart Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| Axi | ASIC (Australia) | 318232 |
| Axi | FCA (United Kingdom) | 509746 |
| Axi | DFSA (United Arab Emirates) | 2758 |
| Axi | FSCL (New Zealand) | FSP518226 |
| ForexMart | CySEC (Cyprus) | 266/15 |
Axi vs ForexMart Trading Assets Comparison
| Broker | Currency Pairs | Crypto CFDs | Index CFDs | Stock CFDs | Oil CFDs | Metal CFDs | Energy CFDs | Futures CFDs | Options CFDs |
|---|---|---|---|---|---|---|---|---|---|
| Axi | 80+ | No | 31+ | No | Yes | Yes | Yes | Yes | Yes |
| ForexMart | 70+ | 11+ | No | Yes | Yes | Yes | No | No | No |
As you can see, Axi has more currency pairs and index CFDs than ForexMart, while ForexMart has more crypto CFDs and stock CFDs than Axi. Both brokers offer oil and metal CFDs, but only Axi offers energy, futures and options CFDs.
Axi vs ForexMart Trading Fees Comparison
| Broker | Spread Type | Average EUR/USD Spread (pips) | Commission per Lot (USD) |
|---|---|---|---|
| Axi | Variable (ECN) | 0.44 | $7 |
| ForexMart | Variable (ECN) | 1.2 | $20 |
As you can see, Axi has lower spreads and commissions than ForexMart for the EUR/USD pair.
Axi vs ForexMart Account Types Comparison
| Broker | Account Type | Minimum Deposit (USD) | Maximum Leverage | Trading Platform | Instruments |
|---|---|---|---|---|---|
| Axi | Standard | $0 | 500:1 | MetaTrader 4 | All |
| Axi | Pro | $0 | 500:1 | MetaTrader 4 | All |
| ForexMart | Classic | $1 | 500:1 | MetaTrader 4 | All |
| ForexMart | Pro | $200 | 500:1 | MetaTrader 4 | All |
| ForexMart | Zero Spread | $1 | 500:1 | MetaTrader 4 | All |
As you can see, Axi has no minimum deposit requirement for both of its account types, while ForexMart has a minimum deposit of $200 for its Pro account. Both brokers offer the same maximum leverage of 500:1, but this may vary depending on the regulation and the instrument. Both brokers also provide the MetaTrader 4 platform and access to all instruments for all account types.
Axi vs ForexMart Deposit Options Comparison
| Broker | Deposit Options | Withdrawal Options |
|---|---|---|
| Axi | Skrill, Wire transfer, Credit/debit cards, Neteller, BPAY and Local bank transfer | Skrill, Wire transfer, Credit/debit cards, Neteller and BPAY |
| ForexMart | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, FasaPay, Crypto, Crypto Cash, Local bank transfer and Tether (USDT) | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, FasaPay, Crypto, Crypto Cash, Local bank transfer and Tether (USDT) |
Axi vs ForexMart Trading Platforms Comparison
| Broker | Trading Platform | Features |
|---|---|---|
| Axi | MetaTrader 4 (Limited with 30 days) | One-click trading, Trailing stop, Pending orders |
| ForexMart | MetaTrader 4 | One-click trading, Trailing stop, Pending orders |
As you can see, both brokers offer the MetaTrader 4 platform with the same features. However, Axi’s platform is limited with 30 days of use, while ForexMart’s platform is not.
Axi vs ForexMart Analytical Tools Comparison
| Broker | Analytical Tools | Features |
|---|---|---|
| Axi | Autochartist, PsyQuation, Trading Central | Market scanner, pattern recognition, volatility analysis, performance statistics, market commentary, trade ideas |
| ForexMart | News, Articles | Market updates, educational content |
Axi vs ForexMart. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better, as it depends on your personal preferences, trading goals and risk appetite. However, there are a few factors you can consider:
- If you value regulation and security, you may prefer Axi as it has more regulators than ForexMart, including from major financial centers such as Australia, UK and UAE.
- If you value trading fees and costs, you may prefer Axi as it has lower spreads and commissions than ForexMart for the EUR/USD pair.
- If you value trading assets and diversity, you may prefer Axi as it has more currency pairs and index CFDs than ForexMart, while ForexMart has more crypto CFDs and stock CFDs than Axi. Both brokers offer oil and metal CFDs, but only Axi offers energy, futures and options CFDs.
- If you value deposit and withdrawal options and convenience, you may prefer ForexMart as it has more deposit and withdrawal options than Axi, including crypto and e-wallets such as FasaPay and Tether.
- If you value trading platforms and functionality, you may prefer ForexMart as it offers the MetaTrader 4 platform without any limitations, while Axi’s platform is limited with 30 days of use.
- If you value analytical tools and resources, you may prefer Axi as it has more analytical tools than ForexMart, including third-party services such as Autochartist, PsyQuation and Trading Central. These tools can help you identify trading opportunities, optimize your risk management and enhance your trading skills. ForexMart only has news and articles that provide market updates and educational content.
In the end, the choice is yours. You may want to try out the demo accounts of both brokers to see which suits your trading style and needs better. You may also want to read some user reviews and testimonials to understand the customer service and reputation of each broker.
