Axi vs FXCM compared

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

Axi
FXCM
73.9% of retail CFD accounts lose money
63% or 74% of retail CFD accounts lose money

Last update of dataAug 2022

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.

FXCM

FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.

Recommended for forex traders looking for easy account opening, funding and withdrawal.

Axi's service is on par with FXCM's and a comparison of their fees shows that Axi's fees are similar to FXCM's.

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

Our experts rated the trading platform of Axi as somewhat worse than the platform of FXCM, found that clients have access to slightly more markets and products with Axi, while FXCM provides better 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
4.4

Recommended for Forex traders familiar with the MetaTrader 4 platform

Overall Score
4.4

Recommended for Forex traders looking for easy account opening, funding and withdrawal

Country of origin

Australia

Country of origin

UK

Fees

Fees score
4.2
Fees score
4.0
Fees summary

Low trading and non-trading fees, low forex fees

Fees summary

Average trading and non-trading fees, low CFD fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.4
Deposit and withdrawal score
4.0
Number of base currencies

11

Number of base currencies

4

Deposit type

Withdrawal type

Account opening

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

$0

*
Minimum deposit
*

$50

*
Time to open account

1-3 days

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

Trading platform

Web platform score
2.8
Web platform score
3.3
Mobile platform score
3.8
Mobile platform score
4.5
Desktop platform score
3.4
Desktop platform score
3.8

Markets and products

Markets and products score
2.3
Markets and products score
1.8
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: 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.

CFD disclaimer

Disclaimer: 63% or 74% 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
3.1
Research score
4.5
Charting quality

Mid-range

Charting quality

Great

Education score
4.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
4.4
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

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

Investor protection amount

£85,000 in the UK, €20,000 in the EU, no protection in other countries

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

2007

Foundation date

1999

Country of regulation

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

Country of regulation

UK, Australia, South Africa and Cyprus

Axi

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

FXCM

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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