Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Axi!
Last update of data—Dec 2022
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC.
Recommended for traders interested in algorithmic stock trading.
Recommended for forex traders familiar with the MetaTrader 4 platform.
Alpaca Trading
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Recommended for traders interested in algorithmic stock trading.
Axi
Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC.
Recommended for forex traders familiar with the MetaTrader 4 platform.
Alpaca Trading's service is on par with Axi's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than Axi's.
Account opening takes somewhat less effort at Alpaca Trading compared to Axi, deposit and withdrawal processes are considerably more complicated at Alpaca Trading, while customer service quality is lower than Axi's.
Our experts rated the trading platform of Alpaca Trading as somewhat better than the platform of Axi, found that clients have access to about the same number of markets and products with Alpaca Trading, while Axi provides less useful research and education.
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Brokers displayed might not be available in United States.