Compare OctaFx vs Axi
What is OctaFx? What is Axi ?
OctaFX is an online forex broker that was established in 2011 and is regulated by the FSA of St. Vincent and the Grenadines. OctaFX offers trading in forex, indices, metals, energies and cryptocurrencies on MetaTrader 4, MetaTrader 5 and cTrader platforms.
Axi is an online forex broker that was established in 2007 and is regulated by ASIC in Australia, FCA in the UK, DFSA in the UAE, FSCL in New Zealand and CySEC in Cyprus. Axi offers trading in forex, indices, metals, commodities, stocks and cryptocurrencies on MetaTrader 4 platform.
OctaFx vs Axi Regulation Comparison
OctaFX is regulated by the FSA of St. Vincent and the Grenadines, which is a relatively low-tier jurisdiction that does not impose strict requirements on brokers or provide much protection to clients.
Axi is regulated by multiple high-tier jurisdictions that have strict rules on capital adequacy, client funds segregation, risk management, reporting and dispute resolution. Axi also participates in compensation schemes that can cover clients’ losses in case of broker insolvency.
OctaFx vs Axi Trading Assets Comparison
OctaFX offers trading in 35 forex pairs, 10 indices, 4 metals, 3 energies and 30 cryptocurrencies. Axi offers trading in 70 forex pairs, 11 indices, 4 metals, 2 commodities, 3 stocks and 11 cryptocurrencies.
OctaFx vs Axi Trading Fees Comparison
OctaFX offers variable spreads that start from 0.6 pips on EUR/USD and charges no commissions on its MT4 and MT5 accounts. OctaFX charges $3 per lot per side on its cTrader ECN account. Axi offers variable spreads that start from 0 pips on EUR/USD and charges $7 per lot round turn on its MT4 Pro account. Axi charges no commissions on its MT4 Standard account.
OctaFx vs Axi Account Types Comparison
OctaFX offers three account types: MT4 Micro, MT5 Pro and cTrader ECN. The minimum deposit for all accounts is $25. The maximum leverage for all accounts is 1:500. Axi offers two account types: MT4 Standard and MT4 Pro. The minimum deposit for both accounts is $0. The maximum leverage for both accounts is 30:1 for clients under FCA or ASIC regulation and up to 500:1 for clients under other regulators.
OctaFx vs Axi Deposit Options Comparison
OctaFX supports deposit and withdrawal options such as credit/debit cards, Neteller, Skrill and Bitcoin. OctaFX does not charge any fees for deposits or withdrawals and processes them within one business day.
Axi supports deposit and withdrawal options such as credit/debit cards, bank transfer, Neteller, Skrill, Bitcoin, Sofort Banking and Giropay. Axi does not charge any fees for deposits or withdrawals and processes them within one to three business days.
OctaFx vs Axi Trading Platforms Comparison
OctaFX supports trading on MetaTrader 4, MetaTrader 5 and cTrader platforms. OctaFX provides one-click trading, trailing stop and pending orders features on all platforms. Axi supports trading on MetaTrader 4 platform only. Axi provides one-click trading, trailing stop and pending orders features on MT4 platform.
OctaFx vs Axi Analytical Tools Comparison
OctaFX provides analytical tools such as market insights, economic calendar, trading signals, copy trading service and webinars. Axi provides analytical tools such as market news, economic calendar, trading signals, Autochartist service and webinars.
OctaFx vs Axi . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, goals, strategies and risk appetite. However, here are some factors that can help you decide:
- If you value regulation and security, Axi may be a better choice as it is regulated by multiple high-tier authorities and offers compensation schemes for clients.
- If you value trading costs and fees, OctaFX may be a better choice as it offers lower spreads and commissions on its accounts.
- If you value trading assets and diversity, Axi may be a better choice as it offers more forex pairs and other instruments to trade than OctaFX.
- If you value trading platforms and features, OctaFX may be a better choice as it offers more platforms to choose from than Axi, including cTrader which is a popular ECN platform.
- If you value analytical tools and education, both brokers offer similar tools and resources, such as market news, economic calendar, trading signals, webinars and copy trading service.
In the end, the best way to find out which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their platforms, services and trading conditions. You can also read more reviews and testimonials from other traders who have used both brokers.
