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BitMEX vs Axi

BitMEX vs Axi Comparison Table 2023
BitMEX Review 2023 Axi Review 2023
Review
3.2
Review
3.7
United States Flag Traders from US not accepted
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United States Flag Traders from US not accepted
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BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.

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.

81.6% of retail investor accounts lose money when trading CFDs with this provider
Bonus Offer
Fee reduction for BMEX token holders
Comment by Reviewer
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives." "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."
Pros
  • Great customizability using widgets within the platform, making it easier to see exactly what you want
  • A platform solely designed for crypto makes it more streamlined than multi-asset terminals
  • Access to a considerable amount of information directly from BitMEX, freely available on their site
  • The opportunity to talk to investors from all over the world using the inbuilt chat functionality
  • High levels of security, ensuring that trading on the exchange is relatively secure 24/7
  • A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin
  • Earn interest on HODL-ing tokens – Tether and Bitcoin
  • Highly leveraged crypto trading with rates up to 1:100
  • Insurance fund to avoid liquidation plus python API
  • 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
Cons
  • BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies
  • The interface is not as new, stylish or innovative as other options on the market
  • Withdrawals are only carried out at a set time of day
  • Legal dispute with US regulators resulted in fines
  • Only Bitcoin is accepted for free withdrawals
  • Range of crypto assets not as wide as rivals'
  • Crypto CFDs are only available to professional clients
  • Demo account expires after 30 days
  • Limited choice of trading platforms
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
Instruments
Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0.01 $0
Trading Platforms
  • AlgoTrader
  • TradingView
  • MT4
  • AutoChartist
  • DupliTrade
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
Republic of Seychelles FCA, ASIC, DFSA, FMA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
Yes No
P2P Trading
Yes No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
BitMEX Market Maker, BotVS, and via API Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
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 Yes
Trade Signals
Yes - on MT4
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered 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.
Leverage
1:400
FTSE Spread
from 100 (floating)
GBPUSD Spread
from 0.6 pips (floating)
Oil Spread
from 0 pips (floating)
Stocks Spread
Variable
Forex Trading
Forex trading not offered 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.
GBPUSD Spread
from 0.6 pips (floating)
EURUSD Spread
from 0.2 pips (floating)
EURGBP Spread
from 0.5 pips (floating)
Assets
70+
Cryptocurrency
BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging. 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.
Spread
-0.01% maker, 0.075% taker Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • TRON
  • EOS
  • XMR
  • ADA
  • DOGE
  • BNB
  • DOT
  • SOL
  • SHIB
  • AVAX
  • GAL
  • NEAR
  • SUSHI
  • AXS
  • 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
Yes No
Auto Market Maker
Yes No
Review
Review
81.6% of retail investor accounts lose money when trading CFDs with this provider
More Comparisons
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