AxiTrader vs XM

Axi vs XM Comparison Table 2024
Axi	XM
Review 3.7	Review 4.4

Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.	XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.
81.6% of retail investor accounts lose money when trading CFDs with this provider
Customer Reviews
	4.3 Based on 4 XM customer reviews
Bonus Offer
	$30 No Deposit Bonus When You Register A Real Account
Comment by Reviewer
"Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks."	"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."
Pros
A strong range of advanced tools are available for experienced day traders, including the Autochartist market scanner, VPS solutions and exclusive MT4 NexGen features The broker's inactivity fee terms are fairly generous, only charging a $10 fee after a long inactivity period of 12 months - some brokers charge after only 3 months The broker’s free trading resources are geared towards short-term traders, including various market calendars and dividend forecast schedules Experienced traders can benefit from the Axi Select funded trader programme, offering funding up to $1 million and up to 90% profit share The $0 minimum deposit, zero-commission pricing structure, and user-friendly copy trading service will appeal to beginners Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos Among other educational resources, there’s an excellent selection of free eBooks for newly registered beginners Axi is a well-regulated and established broker, with a strong track record since 2007	XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries Transparent and low fees with spreads from 0.0 pips that will help protect day trading profit margins The broker offers premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and fast account opening Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools XM is a hugely respected broker authorized by tier-one regulators
Cons
There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app The demo account expires after only 30 days - many alternative brokers that we test allow you to practice for 60 days or more The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000 The Axi Select program requires a $500 minimum deposit to enter the first Seed stage	There is weak regulatory oversight through the global entity There's $5 inactivity fee after only 3 months, though this won't affect active traders PayPal deposits are not supported
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	The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Global Forex Broker of the Year 2020 - Global Forex Awards
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
Demo Account
Yes	Yes
Minimum Deposit
$0	$5
Trading Platforms
MT4 AutoChartist DupliTrade	MT4 MT5
Payment Methods
Alipay Boleto BPAY Credit Card Debit Card FasaPay Giropay iDeal JCB Card Maestro Mastercard Neteller PIX Payment POLi Skrill Sofort Visa Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet M-Pesa Neteller Perfect Money Skrill TransferWise Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, DFSA, FMA	ASIC, CySEC, DFSA, FSC, FSCA
Margin Trading
Yes	Yes
Margin Rate
	0.2%
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
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	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android & Windows
App Review
	XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand.
Android App Rating
3.4	3.9
iOS App Rating
2.5	4.7
Auto Trading
Myfxbook plus Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
After partnering with Pelican Trading, Axi remains a strong option for traders seeking a reputable copy trading service. The user-friendly app requires no minimum deposit and connects seamlessly to your MT4 trading account.	XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account.
Social Trading
Yes	Yes
Trade Signals
Yes - on MT4	Yes
VPS Hosting
Yes	Yes
Tournaments
No	Yes
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$5
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY CHF HKD SGD	USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF
Stock Exchanges
Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Nasdaq	Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Cocoa Coffee Copper Gasoline Gold Natural Gas Oil Platinum Precious Metals Silver	Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Silver Soybeans Sugar Wheat
CFD Trading
Axi offers 220+ products covering forex, shares, commodities, indices and cryptos. Spreads on EUR/USD come in at around 0.2 pips in the Pro account and 1.1 pips in the Standard account. These are competitive and aligned with equivalent accounts at leading low-cost brokers like Pepperstone.	Day traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies.
Leverage
1:400
FTSE Spread
from 100 (floating)	1.5 pts
GBPUSD Spread
from 0.6 pips (floating)	1.9
Oil Spread
from 0 pips (floating)	0.03
Stocks Spread
Variable	0.002
Forex Trading
Axi continues to offer a strong selection of 70+ currency pairs - more than many top brokers including award-winner AvaTrade, with only 50+. There are no restrictions on trading strategies including algo trading and scalping, which will serve both short-term and long-term traders.	XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade.
Forex App
	XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.
GBPUSD Spread
from 0.6 pips (floating)	1.9
EURUSD Spread
from 0.2 pips (floating)	1.6
EURGBP Spread
from 0.5 pips (floating)	1.8
Assets
70+	55+
Currency Indices
	USD
Cryptocurrency
The broker offers a strong selection of 30 popular cryptos paired with fiat currencies, other tokens and metals. The high leverage up to 1:200 will serve experienced crypto traders, whilst the zero-commission pricing structure will appeal to beginners.	XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with high leverage up to 1:500. You can explore major tokens like Bitcoin, Ethereum and Ripple with just a $30 deposit.
Spread
Variable	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	BTC ETH LTC XRP BCH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
81.6% of retail investor accounts lose money when trading CFDs with this provider
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