Do you want to know which is the better broker between forex-com and axitrader?
In the following table, you can compare the functions between forex-com, axitrader, and side by side to determine the most suitable for your trading needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of forex-com, axitrader, and lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
General Information & Regulation
FOREX.com is the leading global retail online trading brand of Gain Capital, owned by NASDAQ-listed StoneX Group Inc. Founded in 1999, this company has developed into a global leader in online trading and operates through its regulated subsidiaries in seven major financial jurisdictions around the world, including the Financial Conduct Authority (FCA), the Commodity Futures Commission (CFTC), the American National Futures Association (NFA), the Australian Securities and Investments Commission (ASIC), and the Japan Financial Services Authority (FSA). Financial Services Authority (FSA), Monetary Authority of Singapore (MAS), and Cayman Islands Monetary Authority (CIMA). The company is currently regulated by two of the world's leading primary regulators, with credible security.
The highly competitive quotes and quality trade execution of the Karson trading platform allow investors to trade over 180 products, more than 80 foreign exchange, 220 stocks, crude oil, commodities, gold, silver, stock indices, and other trading products. Popular OTC products are also offered including Gold/USD, EUR/USD, GBP/USD, CNH, Crude Oil Futures, Tesla, Alibaba, Tencent, Hong Kong Hang Seng Index, and Wall Street Dow Jones Index.
FOREX.com's account types include MT4 accounts, MT5 accounts, and this company's exclusive accounts. The minimum deposit to open an account is $100, and this broker advises to have at least 1000 units of traders' account currecy.
The default leverage for MT4 and MT5 accounts is 1:200, with 50, 100, and 400 times' leverage available. The default leverage for the company's exclusive accounts is 1:200, and the leverage of 1:400 is also available.
Spreads & Commissions
There are no commissions for Forex tradings, and the company only charges spreads. The main spreads for Forex products are 1.5 pips for EUR/USD, 1.6pips for GBP/USD, and 1.5 for AUD/USD, with spreads as low as 0.035 for gold and 0.35 for silver. The lowest spread for commodity futures (crude oil) is 0.04 pips, and the lowest spread for spot commodities is about 1.5 pips off the market price. The lowest spread for OTC stock indices trading is 1 pip, and the lowest spread for OTC stock trading is also 1 pip. SWAPs are calculated based on 10,000 positions and are denominated in U.S. dollars. SWAPs are executed at 5:00 p.m. EST and any positions held at that time are included in the SWAP calculation.
Trading Platform Applied
Karson Group offers investors the world's most advanced and popularly-used MT4 and MT5 platforms, as well as FOREX.com's exclusive trading platforms. The exclusive trading platform offers powerful tools for sophisticated traders who require sophisticated trading functionality and analytical tools, including powerful charting tools, a wide range of technical indicators, various charting tools, advanced analytical tools, and support for desktop, web, and mobile versions. FOREX.com's Metatrader platform is optimized to support all Expert Advisors (EA). Easily integrate traders' EAs into the company's platform and be free from third-party transitions or automatic synchronization.
Deposit & Withdrawal
This company welcomes deposit and withdrawal by the method of bank wire and credit card/ debit card. There are no fees for credit/debit card withdrawals, while wire transfers in USD may be subject to some bank charges. The company will process the withdrawal request within two business days and credit the client's receiving bank, depending on the bank's processing speed.
General Information & Regulation
This Axitrader is said to be registered in the UK. It is a fake broker pretending to be another UK-based legit broker-Axi (authorized and regulated by FCA, with regulatory license number 509746). This Axitrader is scamming traders by displaying some clone licenses, but actually, it is not subject to any regulation. Traders need to take extra vigilance to distinguish legit brokers from frauds.
Axitrader provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs.
Axitrader offers three trading accounts: Standard, Pro and Elite accounts. Axitrader does not requires minimum deposit to open a standard account, but the Elite account require traders to fund $25000 into their accounts to start real trading.
Axitrader offers leverage up to 1:30 for retail and 1：400 for professional traders. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Micro Trade Size
The minimum trade size allowed by Axitrader is 0.01 lots, which sound friendly to new traders.
Spreads & Commissions
Spreads and commissions vary depending on what kinds of trading accounts you are holding. The minimum spreads in the Standard account start from 0.4 pips, and from 0 pips in the Pro account, with a commission of $7 per lot. The Elite account offers the minimum spreads from 0 pips, with a commission of $3.50 round trip.
Trading Platform Available
Axitrader offers the industry recognized MT4 trading platform, followed by a webtrader.
Apart from MT4 trading platforms, Axitrader offers MT4 webtrader, MT4 VPS Hosting, PsyQuation and more.
Deposit & Withdrawal
Payment methods working with Axitrader include the following:
Debit and Credit Cards (Visa, Master)
E-wallet (such as Skrills/Neteller/Fasapay/Sofort/Giro)
Internet Banking (available for specific Regions)
Broker to Broker Transfer
The Axitrader customer support can be reached through telephone: +44 203 544 9646 (UK), +61 2 9965 5830 (Int), online chat.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive forex-com and axitrader are, we first considered common fees for standard accounts. On forex-com, the average spread for the EUR/USD currency pair is Depends on the trading commodity pips, while on axitrader the spread is from 0.0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
forex-com is regulated by ASIC,FCA,FSA,NFA,IIROC,CIMA,MAS. axitrader is regulated by ASIC,FCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
forex-com provides trading platform including Standard account and trading variety including Major currency pairs, rare currency pairs, commodities and stock index CFDs. axitrader provides trading platform including MT4 professional account,MT4 standard account and trading variety including 140+ forex currency pairs.