Eightcap vs Axi

Eightcap vs Axi Comparison Table 2024
Eightcap Axi
4.6
3.7
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular with serious day traders for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.

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.

81.6% of retail investor accounts lose money when trading CFDs with this provider
Customer Reviews
3.5
Comment by Reviewer
"Eightcap is great for day traders familiar with MT4 and MT5 and looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits." "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."
Pros
  • Sophisticated platforms built for short-term strategies, including TradingView which offers 50 drawing tools and 12 chart types
  • Flexible and fee-free payment methods including cryptocurrencies
  • Raw spreads from 0.0 pips and a low $3.5 commission will appeal to active traders
  • 100+ crypto derivatives are available for global clients, which is more than most brokers, including crypto crosses and indices
  • Strong trading education and analysis including forex guides and online webinars
  • Crypto Crusher market scanner with sentiment indicators, news and short term trading signals for global clients
  • AI-powered economic calendar with top-level insights, in partnership with Acuity
  • 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
Cons
  • There are several frustrating jurisdictional restrictions - for example, the Crypto Crusher tool is not available for UK or Australian clients
  • There are only four commodities available, which may disappoint experienced day traders looking to diversify their portfolios
  • The demo account can only be extended upon request
  • 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
Awards
  • Best Forex Broker 2023 - DayTrading.com
  • Best Cryptocurrency Broker 2023 - DayTrading.com
  • Best MT4/MT5 Broker 2022 - DayTrading.com
  • Best Global Forex MT4 Broker 2020 - Global Forex 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
CFDs, Forex, Stocks, Indices, Commodities, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • MT4
  • AutoChartist
  • DupliTrade
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, CySEC, SCB FCA, ASIC, DFSA, FMA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes 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
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
App Review

Eightcap supports the MT4, MT5 and TradingView apps, catering to traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders.

Android App Rating
4.4
3.4
iOS App Rating
4.8
2.5
Auto Trading
Capitalise.ai, Expert Advisors (EAs) on MetaTrader Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
No 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.
Social Trading
No Yes
Trade Signals
Yes Yes - on MT4
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Eightcap offers over 800 CFDs on popular indices, shares, forex, cryptos and commodities. The firm also offers more choice than some competitors in terms of platforms with MT4, MT5 and TradingView, though this does depend on jurisdiction. 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.
Leverage
1:500 1:400
FTSE Spread
1.2 from 100 (floating)
GBPUSD Spread
1.0 from 0.6 pips (floating)
Oil Spread
0.03 from 0 pips (floating)
Stocks Spread
0.03 (Apple Inc) Variable
Forex Trading
Eightcap offers 50+ major, minor and exotic pairs with institutional-level spreads from 0.0 pips and low commissions. The broker also offers top-tier forex research tools, with detailed metrics and indicators available for every symbol. 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.
GBPUSD Spread
1.0 from 0.6 pips (floating)
EURUSD Spread
1.0 from 0.2 pips (floating)
EURGBP Spread
1.0 from 0.5 pips (floating)
Assets
50+ 70+
Cryptocurrency
Eightcap offers almost 100 crypto CFDs - more than top rivals like IC Markets. Bitcoin spreads are also lower than most brokers coming in at 12. Additionally, the powerful Crypto Crusher market scanning tool is ideal for clients looking for real-time trade ideas. 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.
Spread
From $0 Variable
Coins
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • BNB
  • LTC
  • TRX
  • BCH
  • XRP
  • EOS
  • DOT
  • LINK
  • MATIC
  • SHIB
  • BSV
  • VET
  • AXS
  • NEO
  • SOL
  • XLM
  • UNI
  • DASH
  • AAVE
  • KSM
  • THETA
  • CAKE
  • SUSHI
  • ATOM
  • 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
More Comparisons
Eightcap
vs
Axi
vs