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


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Overview
Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.	Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies.
Best For
Seasoned investors looking for a one-stop shop to cover a variety of needs Global investors who seek the most reliable discount service available Traders from intermediate to advanced level	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 10 Other Licenses 1 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
SEC (United States) FINRA (United States) FCA (United Kingdom) ASIC (Australia) IIROC (Canada) MNB (Hungary) BSE (India) CBI (Ireland) FSA (Japan) CSSF (Luxembourg) CSSF MAS (Singapore)	ASIC (Australia) FCA (Uk) ADGM (United Arab Emirates) SVGFSA (St. Vincent & the Grenadines)
The Good
High regulation Exceptional number of investment instruments (Above 100,000+) Competitive discount fees	Competitive account offering for all trader levels with spreads from 0 pips
The Bad
Complicated account opening process Platforms are not beginner friendly Narrow choice of deposit options (Mostly bank transfer)	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 - 3 Days	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
1978	2007
💳 Minimum Deposit
$ - 0	€, £, $, ¥ - 0
💰 Payment Methods
Bank Transfer ACH (US only) Check (US only) Debit Card (US only) BPAY (Australia only)	Visa Mastercard Bank Transfer Neteller Skrill Sofort Giropay iDeal Polish Internet Banking Global Collect
💵 Account Base Currencies
23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK	10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
AF, SY, SO, SD, LY, NG, BI.	US
📊 STP Account
Yes	No
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	No
Assets
📚 Available Assets
Real stocks, currencies, ETFs, options, futures, bonds, cryptocurrencies CFDs on almost every possible asset class Structured Products	CFDs on stocks, commodities, currencies, cryptocurrencies, indices and ETFs.
📙 Stocks
78 markets	50
📘 Currency Pairs
105	140+
📗 Commodities
35 markets	14
📕 Indices
13	14
📔 ETFs
13,000+	N/A
💸 Cryptocurrencies
4	11
📒 Bonds
60,000+	N/A
📓 Options
33 markets	N/A
📗 Futures
32 markets	N/A
📝 Notes:
Interactive brokers provides real assets (equities) from more than 100+ markets (exchanges) across the world and also provides CFDs (in allowed regions).	Axi offers only CFD products. This means popular asset classes like real stocks and ETFs are not available.
Trading Experience
📈 Minimum Stock Trade Size
From 1 share - except for exchanges that allow fractional trading (US stock exchanges)	0.01 lots
📉 Minimum ETFs Trade Size
N/A for EU Citizens	N/A
📈 Minimum Crypto Trade Size
No minimum, but minimum fee is $1.75 per order	0.01 lots
📉 Minimum FX Trade Size
$25,000 (0.25 lots)	0.01 lots
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 Ounce of Gold)	0.01 lots
📉 Minimum Bonds Trade Size
$1,000 for corporate/muni bonds, $1 million for treasury bonds	N/A
📈 Minimum Futures Trade Size
1 contract	N/A
📉 Minimum Options Trade Size
1 contract	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
N/A	Up to 1:400
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	Yes (only on mobile devices)
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
No	$10 monthly after 1 year of inactivity.
💰 Deposit Fees
No	No
💰 Withdrawal Fees
One free withdrawal per month, subsequent are $10 per withdrawal or equivalent	No
💰 Commissions
Commissions depend on market and residency: US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value. European stocks have €3 minimum and 0.05% trade value. Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1. Options start at $0.25 per contract and go as low as $0.15 per contract. Futures start at $0.85 per contract and go as low as $0.25 per contract	Yes depending on account type (Standard: Zero, Pro: $3.50 per lot, Elite: $1.75 per lot)
Spreads
📈 EUR/USD
Dynamic - From 0.1 pips	Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 1 Pip	Dynamic - From 90 Pips
📈 GOLD
N/A	Dynamic - From 20 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.50	Dynamic - From $1.45
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
N/A	Dynamic - From $40
Research and Analysis
⭐ Watchlists
Yes	No
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
Yes	No