Compare FreshForex vs Axi
What is FreshForex? What is Axi ?
FreshForex is a forex broker that was established in 2004 and is regulated by the FSA of St. Vincent and the Grenadines. It offers trading in forex, crypto and CFDs with fixed spreads and high leverage up to 1:2000.
Axi is a forex broker that was established in 2007 and is regulated by ASIC of Australia, FCA of the UK, DFSA of the UAE and FSCL of New Zealand. It offers trading in forex, gold & silver, CFDs, oil, stocks, indexes, metals and crypto with variable spreads and leverage up to 1:500.
FreshForex vs Axi Regulation Comparison
Both brokers are regulated by reputable authorities, but Axi has more licenses than FreshForex. Axi is also a member of the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients’ funds up to £85,000 in case of broker insolvency.
FreshForex is only regulated by the FSA of St. Vincent and the Grenadines, which is not a very strict regulator and does not provide much protection for clients’ funds.
FreshForex vs Axi Trading Assets Comparison
Both brokers offer a wide range of trading assets, but Axi has more variety than FreshForex. Axi offers trading in over 140 currency pairs, 80 CFDs on indices, commodities, metals and crypto, as well as stocks and ETFs.
FreshForex offers trading in 49 currency pairs, 66 CFDs on indices, commodities, metals and crypto, but no stocks or ETFs.
FreshForex vs Axi Trading Fees Comparison
Both brokers charge commissions on some account types, but Axi has lower commissions than FreshForex. Axi charges $7 per round turn lot on its Pro account, while FreshForex charges $15 per round turn lot on its ECN account.
Both brokers also charge spreads on their accounts, but Axi has lower spreads than FreshForex. Axi offers average spreads of 0.4 pips on its Standard account and 0 pips on its Pro account, while FreshForex offers average spreads of 2 pips on its Classic account and 0.9 pips on its Market Pro account.
FreshForex vs Axi Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences, but Axi has more options than FreshForex. Axi offers three account types: Standard, Pro and Islamic.
FreshForex offers two account types: Classic and Market Pro.
FreshForex vs Axi Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, but FreshForex has more methods than Axi. FreshForex accepts payments via WebMoney, Skrill, Wire transfer, Credit / debit cards, YooMoney, Neteller, RBK Money, QIWI, Perfect Money, EasyPay, FasaPay, Crypto, Mobile network operators, AdvCash, Litecoin, Ethereum, Crypto Cash, Zcash, Ripple, Tether (USDT), USD Coin (USDC), Dai (DAI) and M-Pesa.
Axi accepts payments via Credit/debit cards, Sticpay, VLoad, local wire transfer options, Ethereum, Neteller, Skrill, UnionPay and Wire transfer.
FreshForex vs Axi Trading Platforms Comparison
Both brokers support the popular MetaTrader 4 (MT4) platform as well as the newer MetaTrader 5 (MT5) platform. These platforms are user-friendly and offer advanced features such as charting tools, indicators, expert advisors and automated trading.
However, FreshForex limits the use of these platforms to 90 days of inactivity, while Axi does not have such a restriction.
FreshForex vs Axi Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them with their trading decisions. These include market news, economic calendar, trading signals and webinars.
However, Axi also offers additional tools such as Autochartist (a market scanner that identifies trading opportunities based on technical analysis), PsyQuation (a trading performance analytics tool that helps traders improve their skills) and DupliTrade (a social trading platform that allows traders to copy the trades of successful traders).
FreshForex vs Axi . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading style, preferences, goals and risk appetite. However, you can consider some of the following factors:
- If you value regulation and security of funds, you may prefer Axi over FreshForex, as Axi has more licenses and is a member of the FSCS in the UK.
- If you value trading fees and spreads, you may prefer Axi over FreshForex, as Axi has lower commissions and spreads than FreshForex on most account types.
- If you value trading assets and variety, you may prefer Axi over FreshForex, as Axi offers more currency pairs, CFDs, stocks and ETFs than FreshForex.
- If you value deposit and withdrawal options and convenience, you may prefer FreshForex over Axi, as FreshForex offers more payment methods than Axi.
- If you value trading platforms and accessibility, you may prefer Axi over FreshForex, as Axi does not limit the use of MT4 and MT5 platforms to 90 days of inactivity like FreshForex does.
- If you value analytical tools and support, you may prefer Axi over FreshForex, as Axi offers more tools such as Autochartist, PsyQuation and DupliTrade than FreshForex.
In the end, the choice is yours. You may want to try out the demo accounts of both brokers to see which suits you better. You may also want to read more reviews and testimonials from other traders who have used these brokers before making a decision.
