FXCM
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74-89% of retail CFD accounts lose money.

Vs.

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

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

Updated Jan 08 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

74.6% 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.

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
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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
N/A N/A
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.

🏛 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)
📍 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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