Axi (AxiTrader) Vs. Binance - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74.1% of retail CFD accounts lose money.	Visit Investing in cryptocurrencies involves risk.
Overview
Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies.	Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels.
Best For
Experienced FX Traders looking to benefit from their custom account offering High volume traders looking to benefit from their 0 pips spreads	Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 3 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) FCA (Uk) ADGM (United Arab Emirates) SVGFSA (St. Vincent & the Grenadines)	None
The Good
Competitive account offering for all trader levels with spreads from 0 pips	Largest cryptocurrency exchange in the world by liquidity Massive cryptocurrencies selection available (700+) Large amount of financial products in the form of derivatives (Vanilla options, futures, etc) Advanced trading platforms with visual order books at no cost
The Bad
All assets are CFDs (No real stocks or ETFs offered) Extremely low asset offering (around 150 instruments)	Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2007	2017
💳 Minimum Deposit Range
0	0
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill Sofort Giropay iDeal Polish Internet Banking Global Collect	Cryptocurrency Bank transfers Visa Mastercard
💵 Account Base Currencies
10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD	All supported cryptocurrencies.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
None	None
📊 STP Account
No	No
📊 DMA Account
Yes	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	Yes
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
229	750
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
50	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
140	0
📗 Commodities
0	0
📗 Commodities CFDs
14	0
📕 Indices
0	0
📕 Indices CFDs
14	0
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	750
💸 Cryptocurrency CFDs
11	0
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	$10
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	100
💪 Professional Leverage
400	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	No
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
No	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
$10 monthly after 1 year of inactivity.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Varies per account type: Standard: None Pro: $3.50 per lot Elite: $1.75 per lot)	Fixed 0.1% trade value fee for spot trades.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.4 Pips	Unavailable
📉 SP500
Dynamic - From 90 Pips	Unavailable
📈 GOLD
Dynamic - From 20 Pips	Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $1.45	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $40	Dynamic - From $1
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	No
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	Yes
📡 Account Management
No	No
📡 Webinars
Yes	No