Compare Axi vs Fortrade
What is Axi? What is Fortrade?
Axi is an Australian-based forex broker that was established in 2007 and is regulated by ASIC, FCA, DFSA and FSCL. It offers trading on over 140 instruments, including forex, CFDs, indices, commodities, metals and cryptocurrencies. Axi provides its clients with the MetaTrader 4 platform, as well as various analytical tools and educational resources.
Fortrade is a UK-based forex broker that was established in 2013 and is regulated by FCA, NBRB and CySEC. It offers trading on over 300 instruments, including forex, CFDs, indices, commodities, metals, cryptocurrencies and ETFs. Fortrade provides its clients with the Desktop Fortrader platform, as well as the MetaTrader 4 and MetaTrader 5 platforms. Fortrade also offers various analytical tools and free education.
Axi vs Fortrade Regulation Comparison
Both Axi and Fortrade are regulated by reputable authorities in different 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 Services Complaints Limited (FSCL) in New Zealand.
Fortrade is regulated by the Financial Conduct Authority (FCA) in the UK, the National Bank of the Republic of Belarus (NBRB) in Belarus, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
Axi vs Fortrade Trading Assets Comparison
Axi offers more than 140 trading instruments across various asset classes, such as forex, CFDs, indices, commodities, metals and cryptocurrencies. Axi has 80+ currency pairs, 11 global indices, 4 commodities, 6 metals and 10 cryptocurrencies.
Fortrade offers more than 300 trading instruments across various asset classes, such as forex, CFDs, indices, commodities, metals, cryptocurrencies and ETFs. Fortrade has 60+ currency pairs, 20+ global indices, 50+ commodities, 10+ metals, 40+ cryptocurrencies and 250+ ETFs.
Axi vs Fortrade Trading Fees Comparison
Axi charges variable spreads and commissions depending on the account type and instrument traded. Axi has two account types: Standard and Pro. The Standard account has no commissions but higher spreads, while the Pro account has lower spreads but charges $7 per round turn lot as commission. The average spread for EUR/USD on the Standard account is 1.4 pips and on the Pro account is 0.4 pips.
Fortrade charges fixed spreads and no commissions on all account types and instruments traded. Fortrade has three account types: Standard, Gold and Platinum. The fixed spread for EUR/USD on the Standard account is 2 pips, on the Gold account is 1.6 pips and on the Platinum account is 1 pip.
Axi vs Fortrade Account Types Comparison
Axi has two account types: Standard and Pro. The minimum deposit for both accounts is $1. The maximum leverage for both accounts is 1:500 for forex and metals, and varies for other instruments. Both accounts offer negative balance protection, Islamic swap-free option, hedging and automated trading.
Fortrade has three account types: Standard, Gold and Platinum. The minimum deposit for the Gold account is $5,000, and for the Platinum account is $10,000. The maximum leverage for all accounts is 1:100 for forex and metals, and varies for other instruments. All accounts offer negative balance protection, Islamic swap-free option, hedging and one-click trading.
Axi vs Fortrade Deposit Options Comparison
Axi offers various deposit and withdrawal options, such as credit/debit cards, wire transfer, Skrill, Neteller and BPAY. Axi does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant for most methods, except for wire transfer which may take up to 5 business days. The processing time for withdrawals is up to 1 business day for most methods, except for wire transfer which may take up to 5 business days.
Fortrade offers various deposit and withdrawal options, such as credit/debit cards, wire transfer, PayPal, Skrill and Neteller. Fortrade does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant for most methods, except for wire transfer which may take up to 3 business days. The processing time for withdrawals is up to 3 business days for most methods, except for wire transfer which may take up to 10 business days.
Axi vs Fortrade Trading Platforms Comparison
Axi provides its clients with the MetaTrader 4 platform, which is a popular and user-friendly platform that supports various features and tools, such as charting, indicators, expert advisors, automated trading and mobile trading. Axi also offers various analytical tools and educational resources on its website.
Fortrade provides its clients with the Desktop Fortrader platform, which is a proprietary and web-based platform that supports various features and tools, such as charting, indicators, news feed, market analysis and mobile trading. Fortrade also offers the MetaTrader 4 and MetaTrader 5 platforms, which are popular and user-friendly platforms that support various features and tools, such as charting, indicators, expert advisors, automated trading and mobile trading. Fortrade also offers various analytical tools and free education on its website.
Axi vs Fortrade Analytical Tools Comparison
Axi offers various analytical tools to help its clients with their trading strategies and decisions, such as Autochartist, PsyQuation Premium, VPS Hosting and Economic Calendar. Fortrade offers various analytical tools to help its clients with their trading strategies and decisions, such as Trading Central, Chart Patterns Scanner, Signal Centre and Economic Calendar.
Axi vs Fortrade. Which forex broker is better? Which forex broker should you choose?
The best forex broker for you depends on your personal preferences, trading style, goals and needs.
You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
