FXCM
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77% of retail CFD accounts lose money.

Vs.

Axi (AxiTrader)
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74.1% of retail CFD accounts lose money.

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

Updated Jul 27 2022

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.

TheTradingBible.com is acting in a capacity of a marketing affiliate of 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 300+ 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 minimum (may take longer)
📋 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 (FXCM Group) 2007
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method) €, £, $, ¥ - 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

  • 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 and more. US
📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

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

📙 Stocks
200+ 50
📘 Currency Pairs
39 140+
📗 Commodities
11 14
📕 Indices
15 14
📔 ETFs
N/A N/A
💸 Cryptocurrencies

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

11
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
All of FXCM's assets are CFDs.

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

Trading Experience
📈 Minimum Stock Trade Size
1 share 0.01 lots
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency 0.01 lots
📉 Minimum FX Trade Size
$1000 (0.01 Lots) 0.01 lots
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) 0.01 lots
📉 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 1:500 (Varies) Up to 1:400
✍ 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
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes (only on mobile devices)
📊 Multi-chart Tools
Yes Yes
👬 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
No No
💰 Withdrawal Fees

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

No
💰 Commissions
No

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

Spreads
📈 EUR/USD
From 1.2 Pips (As per our research) Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 58 Pips (As per our research) Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 41 Pips (As per our research) Dynamic - From 20 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research) Dynamic - From $1.45
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $51 (As per our research) Dynamic - From $40
Research and Analysis
⭐ Watchlists
Yes No
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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