Compare Axi vs ThinkMarkets
What is Axi? What is ThinkMarkets?
Axi is a forex and CFD broker that was established in 2007 and is regulated by ASIC, FCA, DFSA and FSCL. ThinkMarkets is a forex and CFD broker that was established in 2010 and is regulated by ASIC, FCA, FSA, FSCA and FSA Seychelles.
Axi vs ThinkMarkets Regulation Comparison
Both brokers are considered trusted, ThinkMarkets has more tier-1 licenses than Axi, which means it is authorized by more reputable regulators in different jurisdictions.
Axi vs ThinkMarkets Trading Assets Comparison
ThinkMarkets offers more trading assets than Axi, with 1674 tradeable symbols compared to 175 for Axi. ThinkMarkets also offers more forex pairs, cryptocurrencies, indices, commodities, ETFs and shares than Axi.
Axi vs ThinkMarkets Trading Fees Comparison
Both brokers offer variable spreads, but the exact spread information is not transparently published by either broker. However, Axi charges higher commissions than ThinkMarkets, with $7 per round turn lot compared to $3.50 for ThinkMarkets. Both brokers also offer discounts for active traders or VIP clients.
Axi vs ThinkMarkets Account Types Comparison
Axi offers two account types: Standard and Pro. The Standard account has no commissions but higher spreads, while the Pro account has lower spreads but commissions of $7 per round turn lot. The minimum deposit for both accounts is $1. ThinkMarkets offers three account types: Standard, ThinkZero and Islamic. The Standard account has no commissions but higher spreads, while the ThinkZero account has lower spreads but commissions of $3.50 per round turn lot. The Islamic account is swap-free and has no commissions but higher spreads. The minimum deposit for the Standard and Islamic accounts is $0, while the ThinkZero account requires $500.
Axi vs ThinkMarkets Deposit Options Comparison
Both brokers offer a variety of payment methods, including credit/debit cards, wire transfer, Skrill, Neteller and BPAY. However, ThinkMarkets also accepts crypto, Ethereum, PayPal, Tether and other local payment options.
Axi vs ThinkMarkets Trading Platforms Comparison
Both brokers support MetaTrader 4 as their main trading platform, which is a popular and user-friendly platform with advanced features and tools. However, ThinkMarkets also offers MetaTrader 5 and ThinkTrader, which are newer and more sophisticated platforms with more functionalities and instruments.
Axi vs ThinkMarkets Analytical Tools Comparison
Both brokers provide various analytical tools to help traders with their strategies, such as market news, economic calendar, trading signals, indicators and charting tools. However, ThinkMarkets also offers Autochartist, which is a powerful tool that scans the market for trading opportunities based on technical analysis.
Axi vs ThinkMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better, as different brokers may suit different traders depending on their preferences, needs and goals. However, you can consider several factors that can help you decide which broker to choose, such as:
- The regulation and reputation of the broker
- The trading assets and instruments available
- The trading fees and commissions charged
- The account types and minimum deposit required
- The deposit and withdrawal options supported
- The trading platforms and tools offered
- The customer service and support quality
In the end, the best way to find out which broker is more suitable for you is to try it out for yourself by opening a demo account or a small real account and testing out their services and features. You can also read more reviews and feedback from other traders who have used brokers before.
