AvaTrade vs Axi compared

Online brokers compared for fees, trading platforms, safety and more. See how AvaTrade stacks up against Axi!

AvaTrade
Axi
71% of retail CFD accounts lose money
73.9% of retail CFD accounts lose money

Last update of dataDec 2022

AvaTrade

AvaTrade is a global forex and CFD broker. It is regulated by several financial authorities globally, including the Central Bank of Ireland and Australia's ASIC.

Recommended for forex and CFD traders looking for an option to use MetaTrader platforms.

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.

AvaTrade's service is on par with Axi's and a comparison of their fees shows that AvaTrade's fees are slightly higher than Axi's.

Account opening takes somewhat less effort at AvaTrade compared to Axi, deposit and withdrawal processes are about the same quality at AvaTrade, while customer service quality is similar to Axi's.

Our experts rated the trading platform of AvaTrade as somewhat better than the platform of Axi, found that clients have access to about the same number of markets and products with AvaTrade, while Axi provides less useful research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.3

Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms

Overall Score
4.4

Recommended for Forex traders familiar with the MetaTrader 4 platform

Country of origin

Ireland

Country of origin

Australia

Fees

Fees score
3.7
Fees score
4.3
Fees summary

Low trading fees, average non-trading fees, high inactivity fee

Fees summary

Low trading and non-trading fees, low forex fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.5
Deposit and withdrawal score
4.4
Number of base currencies

6

Number of base currencies

11

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
3.8
Web platform score
2.8
Mobile platform score
4.7
Mobile platform score
3.8
Desktop platform score
3.4
Desktop platform score
3.4

Markets and products

Markets and products score
2.3
Markets and products score
2.2
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
*
*
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 73.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.6
Research score
3.0
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
4.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€20,000 for EU clients, no protection for other clients

Investor protection amount

£85,000 for EU residents, no protection for others

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2006

Foundation date

2007

Country of regulation

Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, Israel

Country of regulation

UK, Australia, Dubai, St. Vincent and the Grenadines

AvaTrade

For detailed information and hands-on experience, read our review of this broker.

Axi

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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