Compare InstaForex vs Axi
What is InstaForex? What is Axi ?
InstaForex is a forex broker that was established in 2007 and offers trading services in various instruments, such as forex, CFDs, binary options and cryptocurrencies. InstaForex is regulated by the FSC of British Virgin Islands and the FSA of St. Vincent and the Grenadines.
Axi is also a forex broker that was founded in 2007 and provides trading services in forex, CFDs, oil, stocks, indexes, metals and cryptocurrencies. Axi is regulated by the ASIC of Australia, the FCA of United Kingdom, the DFSA of United Arab Emirates and the FSCL of New Zealand.
InstaForex vs Axi Regulation Comparison
Here is a table that compares the regulation status of InstaForex and Axi:
| Broker | Regulator | License Number |
|---|---|---|
| InstaForex | FSC (British Virgin Islands) | SIBA/L/14/1082 |
| FSA (St. Vincent & the Grenadines) | IBC22945 | |
| Axi | ASIC (Australia) | 318232 |
| FCA (United Kingdom) | 509746 | |
| DFSA (United Arab Emirates) | 2758 | |
| FSCL (New Zealand) | FSP518226 |
Axi has more regulators than InstaForex, which may indicate a higher level of trustworthiness and compliance.
InstaForex vs Axi Trading Assets Comparison
Here is a list of the trading assets offered by InstaForex and Axi:
- InstaForex: Forex, Gold & silver, CFD, Binary options, Crypto
- Axi: Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Crypto
Both brokers offer a variety of trading assets, but Axi has more options than InstaForex, especially in terms of CFDs on oil, stocks and indexes.
InstaForex vs Axi Trading Fees Comparison
Here is a table that compares the trading fees of InstaForex and Axi:
| Broker | Spread Type | Commissions |
|---|---|---|
| InstaForex | Fixed | $30 |
| Axi | Variable | $7 |
InstaForex has fixed spreads, which means that the difference between the bid and ask prices remains constant regardless of market conditions. Axi has variable spreads, which means that the difference between the bid and ask prices changes according to market volatility and liquidity.
InstaForex charges higher commissions than Axi, which may reduce the net profit of traders.
InstaForex vs Axi Account Types Comparison
Here is a table that compares the account types of InstaForex and Axi:
| Broker | Account Type | Min Deposit | Max Leverage | Min Position |
|---|---|---|---|---|
| InstaForex | Standard Account | $1 | 1:1000 | 0.0001 lot |
| Eurica Account | $1 | 1:1000 | 0.0001 lot | |
| Axi | Standard Account | $1 | 1:500 | 0.01 lot |
| Pro Account | $1 | 1:500 | 0.01 lot |
Both brokers have low minimum deposit requirements and high leverage ratios, which may appeal to traders who want to start trading with a small amount of capital and increase their exposure to the market.
InstaForex has smaller minimum position sizes than Axi, which may allow traders to trade with more precision and flexibility.
InstaForex offers two types of accounts: Standard and Eurica. The main difference between them is that the Standard account has fixed spreads and commissions, while the Eurica account has zero spreads and higher commissions.
Axi also offers two types of accounts: Standard and Pro. The main difference between them is that the Standard account has higher spreads and no commissions, while the Pro account has lower spreads and commissions.
InstaForex vs Axi Deposit Options Comparison
Here is a list of the deposit and withdrawal options offered by InstaForex and Axi:
- InstaForex: Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, AliPay, SOFORT, Crypto, Litecoin, Dash, Crypto Cash, AdvCash, Ripple, Tether (USDT), Dogecoin, NEO, AstroPay and EOS.IO
- Axi: Skrill, Wire transfer, Credit/debit cards, Neteller and BPAY
InstaForex has more deposit and withdrawal options than Axi, which may provide more convenience and accessibility to traders.
InstaForex vs Axi Trading Platforms Comparison
Here is a table that compares the trading platforms of InstaForex and Axi:
| Broker | Trading Platform | Demo Account | Segregated Account | Islamic Account | PAMM Account | Managed Account | Hedging |
|---|---|---|---|---|---|---|---|
| InstaForex | MetaTrader 4, MetaTrader 5 | Yes | No | Yes | Yes | No | Yes |
| Axi | MetaTrader 4 (Limited with 30 days) | Yes | Yes | Yes | No | No | Yes |
Both brokers use MetaTrader 4 as their main trading platform, which is one of the most popular and widely used platforms in the forex industry. MetaTrader 4 offers advanced charting tools, technical indicators, automated trading systems, market news and more.
InstaForex also offers MetaTrader 5, which is an upgraded version of MetaTrader 4 with more features and functionalities.
Axi only offers MetaTrader 4 with a limited demo account of 30 days, which may not be enough for some traders to test their strategies and skills.
Both brokers offer segregated accounts, which means that they keep their clients’ funds separate from their own funds for security purposes.
Both brokers also offer Islamic accounts, which are compliant with the Sharia law and do not charge or pay interest on overnight positions.
InstaForex offers PAMM accounts, which are accounts that allow investors to allocate their funds to professional traders who manage them for a fee or a share of the profits.
Axi does not offer PAMM accounts or managed accounts, which means that traders have to trade on their own or use third-party services.
Both brokers allow hedging, which is a strategy that involves opening opposite positions on the same or correlated instruments to reduce risk or lock in profits.
InstaForex vs Axi Analytical Tools Comparison
Here is a list of the analytical tools offered by InstaForex and Axi:
- InstaForex: Economic calendar, Forex news, Forex analysis, Forex TV, Forex charts
- Axi: Economic calendar, Market news, Market analysis
Both brokers offer basic analytical tools such as economic calendar, market news and market analysis. However, InstaForex also offers Forex TV and Forex charts, which may provide more visual and interactive information to traders.
InstaForex vs Axi . Which forex broker is better? Which forex broker should you choose?
The better forex broker may depend on your individual trading goals, preferences and needs. You can do your own research and compare brokers based on criteria that are important to you. Ultimately, the best forex broker for you is the one that fits your trading style and meets your expectations.
