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FXOpen vs. Axi - Which Forex/CFD broker has better trading conditions?
Comparing the services of FXOpen and Axi. Which Forex broker has a better condition for traders?
The Forex market is a significant trading domain, and choosing the right broker is crucial. FXOpen boasts a variety of trading platforms, like MetaTrader 4, 5, TickTrader, and TradingView, whereas Axi is dedicated to the MT4 platform. FXOpen’s web and mobile trading capabilities are vast and compatible across various OS. Axi provides a streamlined web trader and mobile app experience. In terms of market offerings, FXOpen provides access to 7 financial markets, and Axi offers 5. Both offer competitive pricing with slight variations in spreads and commissions. FXOpen’s leverage goes up to 1:500, on par with Axi’s 1:500. Both also prioritize trader safety with features like negative balance protection. FXOpen’s standout features include Forex trading contests and a partnership with TradingView, while Axi offers a specialized experience for Islamic traders.
Axi vs FXOpen – Which is the better broker?
The Forex market is one of the largest trading arenas in the world, and the choice of a broker is paramount for any trader. Two of the more prominent brokers in the arena are FXOpen and Axi. Let’s take a closer look at their services, diving deep into the details to give you a clearer perspective.
1. Trading Platforms
FXOpen: Provides a versatile range of platforms including MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. This variety enables traders to use the platform they are most comfortable with or leverage the unique features of each one.
Axi: Focuses solely on the MT4 platform, a global favorite among traders known for its user-friendly interface and advanced charting tools. While MT4 is undoubtedly a robust platform, Axi’s sole reliance on it means that traders do not have the same level of platform diversity offered by FXOpen.
2. Web Trader
FXOpen: Their Web Terminals are compatible with all modern browsers and OS, including Mac OS and Linux. It eliminates the need to download additional software, allowing traders to jump straight into the action with a stable internet connection.
Axi: MT4’s web trader allows users to trade from any browser, giving global access to the markets. Its streamlined design ensures that traders can focus on the essentials, no matter where they are.
3. Mobile Trading
FXOpen: Their mobile app supports MT4 and MT5, compatible with iOS and Android devices. Additionally, the TickTrader Mobile Terminal offers real-time market data and 24/7 access, allowing trading on the go without missing any market movements.
Axi: The mobile application is available for both iOS and Android. With over 500 products to trade, it promises easy position management, risk monitoring, and consistent support.
4. Number of Markets Offered
FXOpen: Offers a diversified range with 7 financial markets, encompassing forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, and ETFs.
Axi: Features 5 financial markets which include forex, cryptocurrencies, commodities, equity indices, and precious metals.
5. Detailed Market Offerings
Forex:
FXOpen: Allows trading across more than 50 forex markets with an ECN model. They focus on offering tight variable spreads, low commissions, and an NDD model to avoid conflicts of interest.
Axi: Offers access to over 70 FX currency pairs without any brokerage fees. They champion zero commissions, fast execution, and the allowance for diverse trading strategies.
Cryptocurrencies:
FXOpen: Trade more than 40 cryptocurrency CFD markets with tight spreads and leverage up to 1:2.
Axi: Provides leverage up to 200:1 on cryptocurrency trades without needing a digital wallet or paying commission.
Commodities:
FXOpen: Trade metals and energy with tight spreads and all benefits of an ECN broker.
Axi: Allows trading of popular commodities like gold, silver, oil, and coffee with up to 200:1 leverage.
6. Costs and Pricing:
FXOpen: Offers competitive spreads starting from 0.0 pips. The commission varies based on account balances and trading volumes, ranging from $1.50 to $3.50 per lot.
Axi: Maintains spreads from 0.0 pips and offers a VIP account for high-volume traders, with 50% reduced commissions.
7. Leverage:
FXOpen: Provides leverage up to 1:500, allowing traders with even just $1 in a Micro account to potentially magnify their returns.
Axi: Similarly, they offer leverage up to 500:1, making it equally competitive in the market.
8. Protection & Safety:
FXOpen: Supports negative balance protection and provides clear guidelines on margin call and stop-out levels.
Axi: Also supports negative balance protection. They provide a proactive approach by sending margin call alert emails when margin levels drop below 100%.
9. Special Features:
FXOpen: Offers Forex trading contests, a wide range of deposit and withdrawal methods, and no bonuses related to deposits.
Axi: Focuses on providing a tailored trading experience for Islamic traders with a specific swap-free account.
Conclusion
Both FXOpen and Axi bring unique strengths to the table. While FXOpen excels with its diverse platform offerings and a wide range of markets, Axi provides a streamlined experience with MT4 and competitive offerings in key markets like Forex and cryptocurrencies. Choosing between them will largely depend on a trader’s specific needs and preferences.
Are you interested in trading with FXOpen?
| ECN | STP | CRYPTO | MICRO | |
|---|---|---|---|---|
| Business Model | ECN | STP | ECN | MM |
| Minimum Deposit | from $100 | from $10 | from $10 | from $1 |
| Maximum Balance | without limitations | without limitations | without limitations | $3,000 |
| Spread | floating, from 0 pips | floating | floating | floating |
| Commission (per 1 million$) | from $15 | No | 0.5% of trade volume round turn | No |
| Execution | market | market | market | instant |
| Requotes/Slippage | No/Yes | No/Yes | No/Yes | Yes/No |
| Minimum Transaction Size | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 microlots |
| Maximum Transaction Size | without limitations | without limitations | without limitations | $1,000,000 |
| Open Trades Max | not limited* | not limited* | not limited* | up to 100 trades open at the same time |
| Leverage | up to 1:500 | up to 1:500 | 1:3 | up to 1:500 |
| Margin Call | 100% | 50% | 30% | 20% |
| Stop Out | 50% | 30% | 15% | 10% |
| Demo Accounts | Yes | Yes | Yes | No |
| Islamic Accounts | Yes | Yes | No | Yes |
| Instruments | 50+ FX Spot CFDs 25+ Cryptocurrency CFDs Shares CFDs Index CFDs Spot Metals CFDs Commodity CFDs |
50 currency pairs + gold and silver | 43 pairs with BTC, LTC, EOS, PPC, ETH, DASH, EMC | 28 currency pairs + gold and silver |
| Bonuses | No | Yes | No | Yes |
| Hedging | Yes | Yes | Yes | Yes |
| Expert Advisors | Yes | Yes | Yes | Yes |
| Scalping | Yes | Yes | Yes | No |
| News Trading | Yes | Yes | Yes | No |
| Phone Dealing | Yes | Yes | Yes | No |
| Market Depth with Level 2 Quotes | Yes | Yes | Yes | No |
Since its inception in 2005, FXOpen has been at the forefront of revolutionizing the Forex brokerage industry. With over a decade and a half of providing top-tier services, it has established itself as one of the most successful and rapidly expanding Forex brokers globally.
The Trader’s Broker
At the very heart of FXOpen’s vision is a dedication to the trader’s experience. Born from a group of traders’ passion, the broker knows firsthand the essentials of the trading journey. Their experiences navigating the ups and downs of the market have allowed them to create a platform that understands traders’ needs intimately. They’ve seen the highs of successful trades and the lows of market pitfalls – and they aim to share this valuable knowledge to give their clients a distinct advantage.
Unmatched Business Model
FXOpen made history by being the pioneer Forex broker to introduce ECN trading via the renowned MetaTrader 4 terminal. This innovation brought with it unparalleled price aggregation technology. What does this mean for the trader? Highly competitive spreads and significantly reduced trading commissions. Add the One Click Trading and Level 2 MT4 plug-in, and traders are presented with a seamless, efficient trading experience.
By 2014, FXOpen once again proved its innovative spirit by venturing into the realm of cryptocurrency, offering its retail and B2B clients the opportunity to trade in Bitcoin.
Diverse Account Options
With FXOpen, traders have the luxury to choose from a diverse range of trading accounts, including STP, Micro, and ECN. And for those who prefer hands-free trading, the Myfxbook automated trading system is readily available. For Islamic traders, FXOpen ensures that their trading journey is in line with their beliefs by offering SWAP free accounts.
One of FXOpen’s standout features is its PAMM technology, which allows novice traders to leverage the strategies of experienced ones. This system guarantees the automatic distribution of profit and loss, ensuring transparency and reliability.
Explore FXOpen’s Account Options
Depth of Liquidity
To give traders an edge, FXOpen pulls liquidity from a broad spectrum of Tier 1 banks and other non-bank liquidity providers. This vast pool ensures traders get tight spreads and seamless trade executions. Their commitment to customer support, compliance, and the latest technology cements their place as an industry leader.
A World of Advantages
With FXOpen, traders are welcomed into a world of unparalleled benefits:
- Revolutionary cryptocurrency trading featuring Bitcoin, Litecoin, Ethereum, Ripple, Monero, EOS, NEO, and Bitcoin Cash.
- An array of trading accounts designed to suit every trader, from the novice to the professional.
- Industry-leading competitive spreads starting from 0 pips.
- A chance to start trading with as little as $1.
- Maximum leverage of up to 1:500.
- Multiple fast and reliable payment options.
- A global presence with a network of regional offices.
FXOpen ECN: The New Standard
The ECN model of FXOpen stands out, offering traders a gateway to the Interbank market. It is a hub where participants range from banks to private investors. The emphasis on transparency ensures that all participants have equal rights in order execution.
Ultimate Trading Platforms
Whether it’s the iconic MetaTrader 4 & 5 or the innovative TickTrader, FXOpen ensures that traders have the best tools at their disposal. With the MT4 & MT5 platforms, traders get direct access to Interbank liquidity, ensuring instantaneous and error-free order executions. And for those looking for something fresh, the TickTrader offers a comprehensive functionality tailored to cater to all trader types.
Partnering with TradingView
By collaborating with TradingView, FXOpen offers traders access to an extensive community, enhanced charting capabilities, and a plethora of tools. With over 30 million traders and investors visiting TradingView monthly, it’s a partnership that provides immense value.
Start using the TradingView Chart
Trust & Compliance
Traders can have peace of mind knowing that FXOpen INT operates under FXOpen Markets Limited, registered in Nevis and a member of The Financial Commission. With FXOpen, traders aren’t just entering the global markets; they’re joining a community dedicated to their success.
Trade the world with FXOpen – where technology meets experience, and innovation meets reliability. Your gateway to global markets is just a click away. Join the revolution today!
Are you interested in trading with Axi?
| Account Type | Standard Account | Pro Account | Elite Account |
|---|---|---|---|
| Setup cost | Free | Free | Free |
| Spreads | From 0.9 pips | From 0.0 pips | From 0.0 pips |
| Commission | None | $7 round trip (USD) | $3.50 round trip (USD) |
| Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Minimum deposit | $0 | $0 | USD 25,000 |
| Products | 140+ FX pairs, Metals CFDs | 140+ FX pairs, Metals CFDs | 140+ FX pairs, Metals CFDs |
| Pricing | 5 digit pricing | 5 digit pricing | 5 digit pricing |
| Mobile trading | Yes | Yes | Yes |
| MT4 NexGen | Yes | Yes | Yes |
| Margin/Leverage | Up to 500:1 | Up to 500:1 | Up to 500:1 |
| Base account currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD |
| EA compatibility | Yes | Yes | Yes |
| VPS | Free** | Free** | Free** |
| Autochartist | Free | Free | Free |
| Sign up | Open Standard Account | Open Pro Account | Open Elite Account |
In the ever-evolving landscape of online trading, Axi stands as a testament to the sheer potential of visionary enterprises. When it was founded in 2007, Axi began its journey as a modest two-person startup. However, the dedication, the understanding of market nuances, and an unwavering commitment to quality soon transformed it into an industry-leading online trading entity. Today, they boast a loyal customer base exceeding 60,000 traders from around the globe.
Crafted by Traders, Perfected for Traders
What distinguishes Axi from its competitors is the fact that it was crafted by traders. This means Axi doesn’t just understand what traders want—it anticipates their needs. Whether one is just stepping into the world of trading or is a seasoned professional, Axi has tailored solutions to suit all. They provide tight spreads, lightning-fast execution, state-of-the-art tools, and a customer service that has bagged multiple awards.
The International Presence and Regulatory Assurance
Axi isn’t just a brand. It’s a global seal of trust. Licensed and strictly regulated by some of the world’s most stringent licensing authorities, Axi has established its footprints in over 100 countries. Such wide coverage coupled with regulatory adherence guarantees that clients trade with unmatched trust and transparency.
The Award-winning Edge
Being recognized as a top-tier online trading company is not merely a status for Axi; it’s a commitment. A commitment to incessantly refine and elevate the trading experience for their users.
The Technological Advantage
In the realm of online trading, technology is king. Recognizing this, Axi deploys cutting-edge technology to ensure that traders always have the upper hand. Their platforms are robust, the trade execution is faster than light, and the spreads are as raw as it gets. With flexible leverage options across their product range, traders are always in control.
But there’s more to Axi than meets the eye. They believe in investing heavily in the technological aspects that remain unseen but make a world of difference when a trade is executed. The focus on lowering latency results in faster and more reliable pricing, fewer outages, and an overall smoother trading experience.
The Importance of Lower Latency
- Lower Cost:
- Reduced latency minimizes slippage chances, which in turn can significantly cut down trading costs.
- Faster Refresh Rates:
- Systems with lower latency ensure rapid refresh speeds, guaranteeing traders the most current pricing, especially during market volatility.
- Reliability:
- Axi’s pricing engine’s direct connection with over 20 liquidity sources eliminates the dependency on slower ECN-style technologies, assuring more reliable pricing.
Trade with the Low Latency Platform
Beyond Traditional ECN
Axi challenges the status quo by believing that traditional ECN connections aren’t swift enough for the modern trader. By directly connecting with over 20 top-tier liquidity providers and leveraging co-located servers worldwide, Axi bypasses many standard connection layers, ensuring faster and more accurate trade execution.
Expansive Market Offerings
Whether you’re looking to trade Share CFDs from leading markets, explore the dynamic world of forex, or dive into commodity trading, Axi has got you covered. Each market offering comes with its set of advantages:
- Forex: Over 70 FX currency pairs, zero commission, and unmatched execution speeds.
- Commodities: Low margins, leverage up to 200:1, and a vast range of instruments.
- Share CFDs: A selection of over 100 stocks, 0% commission, and potential dividend payouts.
- Cryptocurrency CFDs: Trade leading digital currencies without needing a digital wallet, enjoy leveraged crypto trading, and execute trades 24/7.
Starting Your Trading Journey with Axi
For those looking to embark on their trading voyage with Axi, the process is simple. Complete your application online, where all your data is encrypted for utmost security, confirm your identity electronically, and fund your account using one of the many secure payment methods. Once these steps are completed, the vast world of online trading, powered by Axi’s award-winning service, awaits you.
In conclusion, Axi isn’t just an online trading platform. It’s a legacy, a promise, and a beacon for traders worldwide. Offering unparalleled technological advantages, a vast array of trading options, and the trust of stringent regulatory bodies, Axi is where trading dreams take flight.
FAQs to summarize the article
- What are the primary trading platforms provided by FXOpen and Axi?
- FXOpen provides platforms like MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. Axi primarily focuses on the MT4 platform.
- How do the web trading features of FXOpen and Axi compare?
- FXOpen’s Web Terminals are compatible with all modern browsers and OS. Axi’s MT4 web trader allows global access from any browser.
- Do both brokers offer mobile trading?
- Yes, both FXOpen and Axi offer mobile apps compatible with iOS and Android, catering to on-the-go trading.
- How many financial markets do FXOpen and Axi offer?
- FXOpen offers 7 financial markets, while Axi features 5.
- How does the cryptocurrency trading differ between FXOpen and Axi?
- FXOpen offers trading in over 40 cryptocurrency CFD markets with a 1:2 leverage. Axi provides up to 200:1 leverage on cryptocurrency trades without a digital wallet.
- What’s the cost and pricing structure for both brokers?
- FXOpen has spreads starting from 0.0 pips with a commission ranging from $1.50 to $3.50 per lot. Axi maintains spreads from 0.0 pips and offers a VIP account with 50% reduced commissions.
- Do both brokers offer high leverage?
- Both FXOpen and Axi offer leverage up to 1:500.
- What safety measures are in place for traders?
- Both FXOpen and Axi support negative balance protection. Axi takes an extra step by sending margin call alert emails.
- Are there any unique features provided by each broker?
- FXOpen offers Forex contests, multiple deposit/withdrawal methods, and no deposit-related bonuses. Axi provides a tailored trading experience for Islamic traders with a swap-free account.
- How do I choose between FXOpen and Axi?
- While FXOpen boasts diverse platform offerings and market range, Axi offers a streamlined experience with MT4 and competitive market offerings. Your choice will depend on your specific trading needs and preferences.
