Axi (AxiTrader)
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74.6% of retail CFD accounts lose money

Vs.

FP Markets
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70.70% of retail CFD accounts lose money

Axi (AxiTrader) Vs. FP Markets - Compare and Choose the Right One

Updated Jan 11 2022

Visit

74.6% of retail CFD accounts lose money

Visit

70.70% of retail CFD accounts lose money

Overview

Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies.

FPMarkets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

Best For
  • Experienced FX Traders looking to benefit from their custom account offering
  • High volume traders looking to benefit from their 0 pips spreads
  • Professional traders looking for DMA pricing on their stocks
  • Professional traders looking to set up a dedicated VPS
  • High volume share traders that benefit from DMA pricing
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The Good
  • Competitive account offering for all trader levels with spreads from 0 pips
  • Customisable or removable leverage
  • Broad asset offering (10,000 +)
  • Competitive forex commissions
The Bad
  • All assets are CFDs (No real stocks or ETFs offered)
  • Extremely low asset offering (around 150 instruments)
  • No ETFs are offered
  • Stock trading commissions are expensive when compared to similar brokers
  • Website is slow and confusing
  • Fees for the majority of deposit and withdrawal methods
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day minimum (may take longer) 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.

🏛 Financial Regulators
  • ASIC (Australia)
  • FCA (Uk)
  • ADGM (United Arab Emirates)
  • SVGFSA (St. Vincent & the Grenadines)
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (St. Vincent and the Grenadines)
📍 Year Founded
2007 2005
💳 Minimum Deposit
€, £, $, ¥ - 0 $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Sofort
  • Giropay
  • iDeal
  • Polish Internet Banking
  • Global Collect
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Neteller
  • Skrill
💵 Account Base Currencies
10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD 10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US US, JP, BE, NZ, SY.
📊 STP Account
No Yes
📊 DMA Account
Yes Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

CFDs on stocks, commodities, currencies, cryptocurrencies, indices and ETFs.

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

📙 Stocks
50 10,000 +
📘 Currency Pairs
140+ 65
📗 Commodities
14 13
📕 Indices
14 14
📔 ETFs
N/A N/A
💸 Cryptocurrencies
11 4
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

Axi offers only CFD products. This means popular asset classes like real stocks and ETFs are not available.

All FPMarkets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
0.01 lots Varies by Stock
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
0.01 lots Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
0.01 lots $1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
0.01 lots Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:400 Up to 1:500
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes (only on mobile devices) Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

$10 monthly after 1 year of inactivity.

No
💰 Deposit Fees
No Yes depending on method (Eg: Not for credit cards)
💰 Withdrawal Fees
No Yes depending on method (Eg: Not for credit cards)
💰 Commissions

Yes depending on account type (Standard: Zero, Pro: $3.50 per lot, Elite: $1.75 per lot)

Standard account is free, Raw account is $3 per lot per trade. For stocks there are several account types with hybrid fees such as $10 minimum and additional 0.1%.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.4 Pips Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 40 to 60 Pips
📈 GOLD
Dynamic - From 20 Pips Dynamic - From 0 to 31 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.45 Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $40 Dynamic - From $9 to $21
Research and Analysis
⭐ Watchlists
No Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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