Compare HF Markets vs Axi
What is HF Markets? What is Axi ?
HF Markets (also known as HotForex) is a forex and CFD broker that was founded in 2010 and is regulated by multiple authorities, including the FCA, CySEC, DFSA, FSCA and FSC. HF Markets offers over 3500 trading instruments, including forex, indices, commodities, stocks, bonds, ETFs, cryptocurrencies and binary options. HF Markets also provides various account types, trading platforms, educational resources, bonus programs and contests for its clients.
Axi is a forex and CFD broker that was founded in 2007 and is regulated by the ASIC, FCA and DFSA. Axi offers over 175 trading instruments, including forex, indices, commodities, metals, energies and cryptocurrencies. Axi also provides various account types, trading platforms, social trading, analytical tools and educational resources for its clients.
HF Markets vs Axi Regulation Comparison
| Regulator | HF Markets | Axi |
|---|---|---|
| Tier-1 Licenses (High Trust) | 1 | 2 |
| Tier-2 Licenses (Average Trust) | 3 | 1 |
| Tier-3 Licenses (Low Trust) | 1 | 0 |
| Total Licenses | 5 | 3 |
| Trust Score | 85/99 | 83/99 |
HF Markets has more licenses than Axi, but Axi has more tier-1 licenses than HF Markets. Both brokers have a high trust score, but HF Markets has a slightly higher one than Axi.
HF Markets vs Axi Trading Assets Comparison
| Trading Asset | HF Markets | Axi |
|---|---|---|
| Forex Pairs (Total) | 47 | 65 |
| Tradeable Symbols (Total) | 3500 | 175 |
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Cryptocurrency (CFD) | Yes | Yes |
| CFD | Yes | Yes |
| Indices | Yes | Yes |
| Commodities | Yes | Yes |
| Metals | Yes | Yes |
| Energies | Yes | Yes |
| Stocks | Yes | No |
| Bonds | Yes | No |
| ETFs | Yes | No |
| Binary Options | Yes | No |
HF Markets has more trading assets than Axi, especially in terms of stocks, bonds, ETFs and binary options. However, Axi has more forex pairs than HF Markets.
HF Markets vs Axi Trading Fees Comparison
| Trading Fee | HF Markets | Axi |
|---|---|---|
| Spread Type | Variable | Variable |
| Average Spread EUR/USD – Standard Account (pips) | 1.2 – 1.8 pips | 0.4 – 1 pips |
| Commission ($ per lot) – Standard Account | $0 | $0 |
Axi has lower spreads than HF Markets on average for the EUR/USD pair, which is the most traded currency pair in the forex market. However, both brokers do not charge commissions for their standard accounts.
HF Markets vs Axi Account Types Comparison
| Account Type | HF Markets | Axi |
|---|---|---|
| Minimum Deposit | $5 | $1 |
| Maximum Leverage | 1:1000 | 1:500 |
| Number of Account Types | 6 | 2 |
| Micro Account | Yes | No |
| Standard Account | Yes | Yes |
| Zero Spread Account | Yes | No |
| Premium Account | Yes | No |
| Auto Account | Yes | No |
| PAMM Account | Yes | No |
| Pro Account | No | Yes |
HF Markets has more account types than Axi, and also offers lower minimum deposit and higher maximum leverage than Axi. However, Axi has a pro account that offers lower spreads and commissions than its standard account.
HF Markets vs Axi Deposit Options Comparison
| Deposit and Withdrawal Option | HF Markets | Axi |
|---|---|---|
| Number of Payment Methods | 15 | 6 |
| Credit/Debit Cards | Yes | Yes |
| Wire Transfer | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | No |
| Ethereum | Yes | No |
| Litecoin | Yes | No |
| Ripple | Yes | No |
| Perfect Money | Yes | No |
| WebMoney | Yes | No |
| FasaPay | Yes | No |
| BPAY | No | Yes |
HF Markets has more deposit and withdrawal options than Axi, especially in terms of cryptocurrencies and e-wallets. However, Axi has BPAY as an option for Australian clients.
HF Markets vs Axi Trading Platforms Comparison
| Trading Platform | HF Markets | Axi |
|---|---|---|
| Number of Trading Platforms | 4 | 2 |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| HF App | Yes | No |
| Rapid Trader API | Yes | No |
HF Markets has more trading platforms than Axi, and also offers MT5, HF App and Rapid Trader API as additional options. However, both brokers offer MT4, which is the most widely used trading platform in the forex market.
HF Markets vs Axi Analytical Tools Comparison
HF Markets and Axi have similar analytical tools, such as technical indicators, charting tools, economic calendar, news feed, trading signals, autochartist and VPS service. However, HF Markets has an advantage over Axi in terms of offering Trading Central, which is a leading provider of market analysis and research. On the other hand, Axi has an advantage over HF Markets in terms of offering PsyQuation, which is a behavioral analytics platform that helps traders improve their performance.
HF Markets vs Axi . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, needs and goals. However, here are some pros and cons of HF Markets and Axi as follows:
HF Markets Pros:
- Higher trust score and more licenses than Axi
- More trading assets than Axi, especially stocks, bonds, ETFs and binary options
- More account types than Axi, and lower minimum deposit and higher maximum leverage than Axi
- More deposit and withdrawal options than Axi, especially cryptocurrencies and e-wallets
- More trading platforms than Axi, and also offers MT5, HF App and Rapid Trader API as additional options
- Offers Trading Central as an analytical tool
HF Markets Cons:
- Higher spreads than Axi on average for the EUR/USD pair
- Does not offer a pro account that offers lower spreads and commissions than its standard account
- Does not offer BPAY as an option for Australian clients
- Does not offer PsyQuation as an analytical tool
Axi Pros:
- More tier-1 licenses than HF Markets
- Lower spreads than HF Markets on average for the EUR/USD pair
- More forex pairs than HF Markets
- Offers a pro account that offers lower spreads and commissions than its standard account
- Offers BPAY as an option for Australian clients
- Offers PsyQuation as an analytical tool
Axi Cons:
- Lower trust score and fewer licenses than HF Markets
- Fewer trading assets than HF Markets, especially stocks, bonds, ETFs and binary options
- Fewer account types than HF Markets, and higher minimum deposit and lower maximum leverage than HF Markets
- Fewer deposit and withdrawal options than HF Markets, especially cryptocurrencies and e-wallets
- Fewer trading platforms than HF Markets, and does not offer MT5, HF App or Rapid Trader API as additional options
- Does not offer Trading Central as an analytical tool
Ultimately, which forex broker to choose depends on your personal preferences, needs and goals. You may want to consider factors such as regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. You may also want to test out the broker’s services by opening a small live or demo account before making your final decision.
