Basic data of broker
Recommended for Forex traders familiar with the MetaTrader 4 platform
Recommended for Forex and CFD traders familiar with the MetaTrader trading platforms
Australia
Australia
Fees
Low trading and non-trading fees, low forex fees
Low forex, but high stock CFD 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
11
10
Deposit type
Withdrawal type
Account opening
$0
$50
1-3 days
1 day
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Trading platform
Markets and products
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.
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Great
Customer service
Security
£85k to UK and €20k to EU clients
No investor protection
£85k to UK and €20k to EU clients
No investor protection
2007
2020
UK, Australia, Dubai, St. Vincent and the Grenadines
Vanuatu, but Vantage Group has regulation in Australia, UK, Cayman Islands
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
Axi's service is on par with Moneta Markets's and a comparison of their fees shows that Axi's fees are slightly lower than Moneta Markets's.
Account opening takes somewhat more effort at Axi compared to Moneta Markets, deposit and withdrawal processes are somewhat more complicated at Axi, while customer service quality is similar to Moneta Markets's.
Our experts rated the trading platform of Axi as somewhat worse than the platform of Moneta Markets, found that clients have access to about the same number of markets and products with Axi, while Moneta Markets provides better research and education.