Compare Axi vs FXOpen
What is Axi? What is FXOpen?
Axi is a forex broker that was founded in 2007 and is regulated by ASIC, FCA and DFSA. It offers traders access to 65 forex pairs and 175 CFDs on various assets, including cryptocurrencies. It also provides social trading, automated trading and educational resources.
FXOpen is a forex broker that was founded in 2003 and is regulated by FCA, ASIC, CySEC and The Financial Commission. It offers traders access to 25 forex pairs and 87 CFDs on various assets, including cryptocurrencies. It also provides social trading, automated trading, trading contests and bonus offers.
Axi vs FXOpen Regulation Comparison
Both brokers are considered average-risk, with an overall Trust Score of 83 out of 99 for Axi and 80 out of 99 for FXOpen . They both have two Tier-1 licenses from ASIC and FCA, which are high-trust regulators. They also have one Tier-2 license each: Axi from DFSA and FXOpen from CySEC. Neither of them have any Tier-3 licenses from low-trust regulators.
Axi vs FXOpen Trading Assets Comparison
Axi provides traders more trading assets than FXOpen, with 175 CFDs compared to 87 CFDs, and 65 forex pairs compared to 25 forex pairs. Both brokers offer CFDs on cryptocurrencies, but not physical cryptocurrencies. Axi also offers CFDs on indices, commodities, metals, energies and futures, while FXOpen offers CFDs on indices, commodities, metals and ETFs.
Axi vs FXOpen Trading Fees Comparison
Both brokers charge variable spreads and commissions for their trading services. The average spread for EUR/USD is not available for either broker, but the all-in cost for active traders is also not available. However, both brokers offer discounts for active traders or VIP clients. Axi charges $7 per round turn lot as commission, while FXOpen charges $1.5 per side per standard lot as commission.
Axi vs FXOpen Account Types Comparison
Both brokers offer various account types to suit different trading styles and preferences. Axi offers four account types: Standard, Pro, Islamic and MT4 NexGen. The Standard account has no commission but higher spreads, while the Pro account has lower spreads but $7 commission per round turn lot. The Islamic account is swap-free for Muslim traders, while the MT4 NexGen account has additional features such as sentiment indicator, correlation trader and alarm manager. FXOpen offers five account types: Micro, STP, ECN, Crypto and PAMM. The Micro account has no commission but higher spreads and a minimum deposit of $1. The STP account has no commission but variable spreads and a minimum deposit of $10. The ECN account has lower spreads but $1.5 commission per side per standard lot and a minimum deposit of $100. The Crypto account has lower spreads but 0.25% commission per side per trade and a minimum deposit of $10. The PAMM account is for investors who want to copy the trades of professional managers.
Axi vs FXOpen Deposit Options Comparison
Both brokers offer various payment methods for depositing and withdrawing funds from their trading accounts. Axi accepts Skrill, Wire transfer, Credit / debit cards, Neteller and BPAY as payment options. FXOpen accepts Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash as payment options.
Axi vs FXOpen Trading Platforms Comparison
Both brokers support MetaTrader 4 as their main trading platform, which is a popular and user-friendly platform that offers various tools and features for traders. Axi also supports MetaTrader 5 as an alternative platform that has more advanced functionalities than MT4. FXOpen also supports TickTrader as an alternative platform that has more features than MT4 such as depth of market, one-click trading and advanced charting. Both brokers also support TradingView as a web-based platform that has powerful charting and analysis tools.
Axi vs FXOpen Analytical Tools Comparison
Both brokers provide various analytical tools to help traders with their trading decisions and strategies. Axi offers Autochartist as a tool that scans the market for potential trading opportunities based on technical analysis patterns and indicators. It also offers PsyQuation as a tool that analyzes the trader’s behavior and performance and provides feedback and recommendations to improve their trading skills.
FXOpen offers FXOpen Analytics as a tool that tracks the trader’s account statistics and history and provides reports and charts to evaluate their trading performance. It also offers FXOpen Market Sentiment as a tool that shows the percentage of buyers and sellers for each currency pair and helps traders identify the market trends and sentiment.
Axi vs FXOpen . Which forex broker is better? Which forex broker should you choose?
The best forex broker depends on your personal preferences, trading goals and risk appetite.
You should compare the features and services of each broker and decide which one suits your needs better. You can also read user reviews and testimonials to better understand the pros and cons of each broker. In the end, the choice is yours.
