Compare Axi vs FXTM
What is Axi? What is FXTM?
Axi is a forex broker that was established in 2007 and is regulated by ASIC, FCA, DFSA and FSCL. It offers trading on MetaTrader 4 platform with variable spreads and commissions. It supports various payment methods such as Skrill, Neteller, credit/debit cards and wire transfer. It also provides free education, automated trading and hedging options for its clients.
FXTM is a forex broker that was established in 2011 and is regulated by FSC, CySEC, FCA, FSCA and CMA. It offers trading on MetaTrader 4 and MetaTrader 5 platforms with variable spreads and commissions. It supports various payment methods such as WebMoney, Skrill, Neteller, credit/debit cards, UnionPay, QIWI and more. It also provides free education, bonus offers, trading contests, PAMM accounts, managed accounts and Islamic accounts for its clients.
Axi vs FXTM 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 |
| FXTM | FSC (Mauritius) | C113012295 |
| FXTM | CySEC (Cyprus) | 185/12 |
| FXTM | FCA (United Kingdom) | 777911 |
| FXTM | FSCA (South Africa) | 46614 |
| FXTM | CMA (Kenya) | 135 |
Axi vs FXTM Trading Assets Comparison
Both brokers offer a range of trading instruments for their clients, including forex, CFDs, indices, commodities, metals, energies and cryptocurrencies. However, there are some differences in the number and type of products they offer. Here is a list of the main trading assets they provide:
- Axi: Forex (80+ pairs), CFDs (10+ indices), commodities (gold and silver), cryptocurrencies (5+ pairs), futures (3+ contracts), options (3+ contracts), spread betting (UK only).
- FXTM: Forex (60+ pairs), CFDs (20+ indices), commodities (gold, silver and oil), cryptocurrencies (10+ pairs), ETFs (10+ products), shares (150+ companies), physical stock (UK only).
Axi vs FXTM Trading Fees Comparison
| Instrument | Axi Spread | Axi Commission | FXTM Spread | FXTM Commission |
|---|---|---|---|---|
| EUR/USD | 0.4 pips | $7 per lot round turn | 0.6 pips | $2 per lot round turn |
| GBP/USD | 0.6 pips | $7 per lot round turn | 0.9 pips | $2 per lot round turn |
| USD/JPY | 0.3 pips | $7 per lot round turn | 0.5 pips | $2 per lot round turn |
| XAU/USD | 25 cents | $7 per lot round turn | 35 cents | $2 per lot round turn |
| BTC/USD | $30 | $7 per lot round turn | $20 | $2 per lot round turn |
Axi vs FXTM Account Types Comparison
Both brokers offer different types of accounts with different features and requirements.
Axi has two account types: Standard and Pro. FXTM has two account types: Standard and ECN.
The main differences between the account types are the minimum deposit, the maximum leverage, the spread, the commission and the platform.
Axi vs FXTM Deposit Options Comparison
Both brokers support various payment methods for depositing and withdrawing funds from their accounts. However, there may be some differences in the availability, processing time and fees of each method. Here is a list of the main payment methods they accept:
- Axi: Skrill, Neteller, credit/debit cards, wire transfer and BPAY.
- FXTM: WebMoney, Skrill, Neteller, credit/debit cards, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, crypto and Google Pay.
Axi vs FXTM Trading Platforms Comparison
Both brokers use MetaTrader 4 and MetaTrader 5 as their main trading platforms. These platforms are widely used and trusted by traders around the world for their reliability, functionality and user-friendliness. They offer various features such as charting tools, indicators, expert advisors, market news and more.
Axi vs FXTM Analytical Tools Comparison
Both brokers provide various analytical tools to help their clients with their trading decisions and strategies. These tools include market analysis, trading signals, economic calendar, webinars, videos and more. However, there are some differences in the quality and quantity of these tools. Here is a list of the main analytical tools they offer:
- Axi: Autochartist (a tool that scans the market for trading opportunities based on technical analysis), PsyQuation (a tool that analyzes the trading behavior and performance of traders), Trading Central (a tool that provides market insights and recommendations from experts), Axi Academy (a free online course that covers the basics of forex trading), blog (a source of market news and analysis), webinars (live online sessions that cover various trading topics).
- FXTM: FXTM Trading Signals (a tool that provides buy and sell signals based on technical analysis), FXTM Pivot Points Strategy (a tool that calculates the potential support and resistance levels based on price movements), FXTM Market Outlook (a tool that provides daily market analysis and forecasts), FXTM Market Analysis Team (a team of experts that provide market commentary and insights), FXTM Education (a comprehensive online resource that covers various trading topics), blog (a source of market news and analysis), webinars (live online sessions that cover various trading topics).
Axi vs FXTM. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal preferences, trading goals, risk appetite and budget. However, here are some factors that you may consider when comparing Axi and FXTM:
- Regulation: Both brokers are regulated by reputable authorities in different jurisdictions, which means they have to follow high standards of security, transparency and customer protection. However, you may want to check if the broker is regulated in your country or region, as this may affect the level of protection and compensation you can get in case of any issues.
- Trading Assets: Both brokers offer a range of trading instruments, including forex, CFDs, indices, commodities, metals, energies and cryptocurrencies. However, FXTM has more products to offer, such as ETFs, shares and physical stock. You may want to check if the broker offers the instruments that you are interested in trading or diversifying your portfolio with.
- Trading Fees: Both brokers charge variable spreads and commissions for their trading services. The actual fees may vary depending on the account type, market conditions and trading volume. However, based on the average fees for some popular instruments, FXTM seems to have lower spreads and commissions than Axi. You may want to compare the fees for the instruments that you trade frequently or plan to trade in the future.
- Account Types: Both brokers offer different account types with different features and requirements. Axi has two account types: Standard and Pro. FXTM has two account types: Standard and ECN. The main differences between the account types are the minimum deposit, the maximum leverage, the spread, the commission and the platform. You may want to choose the account type that suits your trading style, budget and risk tolerance.
- Payment Methods: Both brokers support various payment methods for depositing and withdrawing funds from their accounts. However, there may be some differences in the availability, processing time and fees of each method. You may want to check if the broker accepts your preferred payment method and if there are any charges or limitations associated with it.
- Trading Platforms: Both brokers use MetaTrader 4 and MetaTrader 5 as their main trading platforms. These platforms are widely used and trusted by traders around the world for their reliability, functionality and user-friendliness. They offer various features such as charting tools, indicators, expert advisors, market news and more. However, there are some differences in the availability and versions of these platforms for each broker. You may want to check if the broker offers the platform version that you are comfortable with or want to try out.
- Analytical Tools: Both brokers provide various analytical tools to help their clients with their trading decisions and strategies. These tools include market analysis, trading signals, economic calendar, webinars, videos and more. However, there are some differences in the quality and quantity of these tools. You may want to check if the broker offers the tools that you find useful or informative for your trading needs.
