Axi vs HotForex

Axi vs HotForex Comparison Table 2023
Axi Review 2023 HotForex Review 2023
3.7
4

HotForex is #13 in our CFD broker rankings.

HotForex is now HF Markets. See our review of HF Markets for our latest findings and expert verdict.
United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.

HotForex, now HF Markets, is a hugely popular broker with millions clients and authorization from several trusted regulators, including the FCA and CySEC. Leveraged CFDs are available on popular asset classes alongside industry-leading software, flexible account types and an accessible minimum deposit.

81.6% of retail investor accounts lose money when trading CFDs with this provider
Comment by Reviewer
"Axi will appeal to forex traders in particular with more than 70 currency pairs, ultra-fast execution speeds and no restrictions on trading strategies, including EAs." "HotForex is a great all-rounder that will serve traders of all experience levels. We appreciate the regulated and secure trading environment, low minimum deposit, wide market access and user-friendly copy trading solution."
Pros
  • Highly regulated – traders can be assured the broker is not operating a scam
  • Axi Select funded accounts with up to $1M and a 90% profit share
  • Stock CFDs in US, UK and European markets
  • $0 minimum deposit will appeal to beginners
  • Award-winning brand with 60,000+ users
  • Around the clock customer support
  • Autochartist and Myfxbook tools
  • MT4 NexGen software
  • 1:200 crypto leverage
  • Unlimited usage demo account
  • Easy to sign up with no starting deposit
  • Range of deposit and withdrawal methods
  • Transparent fee and commission structures
  • Hugely popular brand with millions of traders
  • Advanced mobile apps with full trading access
  • Market-leading insurance for up to €5,000,000
  • Virtual private server (VPS) integration support
  • Regulated by tier-one agencies including the FCA
  • Various account types plus Islamic and joint accounts
  • Comprehensive educational platform and trading tools
  • Live chat option with customer support available in 27 languages
Cons
  • Crypto CFDs are only available to professional clients
  • Demo account expires after 30 days
  • Limited choice of trading platforms
  • No cryptocurrency trading
  • No proprietary trading software
Awards
  • Best EMEA Region Broker - ADVFN International Financial Awards, 2020
  • Best Forex Broker Middle East - forex-awards.com, 2019
  • Best Forex Broker Europe - forex-awards.com, 2019
  • Best MT4 Forex Broker - atozmarkets.com, 2019
  • Top 100 Companies - World Finance Magazine
  • Best Forex Broker Asia - Global Business Review Magazine 2021
  • Best Customer Service Experience - Global - World Business Outlook
  • Best Client Fund Security Global - International Business Magazine 2021
  • Most Transparent Broker - The European - Global Banking & Finance Review Awards
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Stocks, CFD, Forex, ETFs, Volatility Index
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Trading Platforms
  • MT4
  • AutoChartist
  • DupliTrade
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, DFSA, FMA FCA, DFSA, FSCA, CySEC, FSC, CMA, JFSA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
Yes No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Myfxbook plus Expert Advisors (EAs) on MetaTrader HotForex supports automated trading through access to MetaTrader 4 and MetaTrader 5, both of which have extensive expert advisor integration systems.
Copy Trading
Yes No
Copy Trading Platform
After partnering with Pelican Trading, Axi has launched a user-friendly copy trading service that provides access to more than 30 products across popular financial markets.
Social Trading
Yes No
Trade Signals
Yes - on MT4 Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • PLN
Stock Exchanges
Commodities
CFD Trading
Trade CFDs with dynamic leverage on a multitude of markets, including forex, shares, indices and commodities. Raw spreads are available from 0 pips rivalling leading competitors. HotForex has CFD trading in stocks and shares, indices, ETFs, metals, energies, agricultural commodities and forex. Leverage is in line with the relevant regulatory jurisdictions and spreads are tight with no hidden charges.
Leverage
1:400 1:30
FTSE Spread
from 100 (floating) 1.16
GBPUSD Spread
from 0.6 pips (floating) 1.8
Oil Spread
from 0 pips (floating) 0.05
Stocks Spread
Variable Variable
Forex Trading
Axi offers a great selection of 70+ major, minor and exotic currency pairs. There are no restrictions on trading strategies and the broker boasts impressive spreads by connecting to 20 liquidity sources. HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts. This is a strong selection of currencies with advanced analysis software available to plan and execute trades.
GBPUSD Spread
from 0.6 pips (floating) 1.8
EURUSD Spread
from 0.2 pips (floating) 1.3
EURGBP Spread
from 0.5 pips (floating) 1.5
Assets
70+ 50
Cryptocurrency
Axi offers all the well-known cryptos paired with fiat currencies, other tokens and metals. High leverage up to 1:200 is available on digital currency trades and users can deploy various strategies, from scalping to position trading. Crypto trading not offered
Spread
Variable
Coins
  • BCH
  • BNB
  • BTC
  • LTC
  • OMG
  • FTT
  • BTC
  • BCH
  • DOG
  • LTC
  • XLM
  • AAVE
  • COMP
  • LRC
  • MKR
  • SUSHI
  • UNI
  • BAT
  • CRV
  • ENJ
  • LNK
  • MANA
  • MATIC
  • SAND
  • XRP
  • LNK
  • XRP
  • KSM
  • AVAX
  • ETH
  • SOL
  • XTZ
  • ADA
  • DOT
  • EOS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
81.6% of retail investor accounts lose money when trading CFDs with this provider
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