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


Visit 77% of retail CFD accounts lose money.	Visit 74.1% of retail CFD accounts lose money.
Overview
FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. **The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information. TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD.	Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies.
Best For
Professional algorithmic traders looking to benefit from their comprehensive API offering.	Experienced FX Traders looking to benefit from their custom account offering High volume traders looking to benefit from their 0 pips spreads
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 3 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) CySec (Cyprus) FCA (United Kingdom) FSCA (South Africa)	ASIC (Australia) FCA (Uk) ADGM (United Arab Emirates) SVGFSA (St. Vincent & the Grenadines)
The Good
Comprehensive API offering with a variety of conditions and programming languages at no additional cost Proprietary platform (Trading Station)	Competitive account offering for all trader levels with spreads from 0 pips
The Bad
Lack of asset variety in their offering (over 463+ financial instruments) Costly spreads when compared to similar competitors	All assets are CFDs (No real stocks or ETFs offered) Extremely low asset offering (around 150 instruments)
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
1999	2007
💳 Minimum Deposit Range
$50	0
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill	Visa Mastercard Bank Transfer Neteller Skrill Sofort Giropay iDeal Polish Internet Banking Global Collect
💵 Account Base Currencies
4 - EUR GBP, USD, CHF.	10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
RU, US, CA, JP, SK, BE and more.	None
📊 STP Account
No	No
📊 DMA Account
No	Yes
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
447	229
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
341	50
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
41	140
📗 Commodities
0	0
📗 Commodities CFDs
14	14
📕 Indices
0	0
📕 Indices CFDs
19	14
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
22	11
📒 Bonds
0	0
📒 Bonds CFDs
10	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	$1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
1 Unit	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
400	400
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
No	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
50 units of the account's base currency yearly after 1 year of inactivity.	$10 monthly after 1 year of inactivity.
💰 Deposit Fees
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	Varies per account type: Standard: None Pro: $3.50 per lot Elite: $1.75 per lot)
Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips	Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 58 Pips	Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 41 Pips	Dynamic - From 20 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04	Dynamic - From $1.45
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $51	Dynamic - From $40
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	Yes