eToro vs AxiTrader

eToro vs Axi Comparison Table 2024
eToro	Axi
Review 4.1	Review 3.7

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.	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
4 Based on 2 eToro customer reviews
Comment by Reviewer
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."	"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
The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses eToro has bolstered its investment offering, most recently with new crypto assets, now offering over 90 digital currencies The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more eToro is a world-renowned brand with top-tier global regulation and a 25M+ user community	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
The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software There are no guaranteed stop loss orders which would be a useful risk management feature for beginners There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital Traders will face currency conversion fees for account denominations other than USD There are limited contact methods aside from the in-platform live chat	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 Cryptocurrency Trading Platform 2022 - Finder Education Materials/Program 2022 - Investment Trends Best Copy Trading Platform 2021 - Ultimate Fintech Awards Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards Best Stockbroker 2021 - Ultimate Fintech Awards Best Social Trading Platform 2019 - ADVFN International Financial 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, ETFs, Cryptos, Futures, Commodities, Bonds	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$50	$0
Trading Platforms
eToro Web CopyTrader TradingCentral	MT4 AutoChartist DupliTrade
Payment Methods
Debit Card iDeal Klarna Neteller PayPal Przelewy24 Rapid Transfer Skrill Sofort Swift Trustly Visa Wire Transfer	Alipay Boleto BPAY Credit Card Debit Card FasaPay Giropay iDeal JCB Card Maestro Mastercard Neteller PIX Payment POLi Skrill Sofort Visa Wire Transfer
Minimum Trade
$10	0.01 Lots
Regulator
FCA, ASIC, CySEC, FSA, FSRA, MFSA	FCA, ASIC, DFSA, FMA
Margin Trading
Yes	Yes
Margin Rate
1%
STP Account
Yes	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
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
Android App Rating
4	3.4
iOS App Rating
4.8	2.5
Auto Trading
Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do.	Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners.	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
Yes	Yes
Trade Signals
Yes	Yes - on MT4
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange	Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Nasdaq
Commodities
Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lithium Livestock Natural Gas Nickel Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat Zinc	Cocoa Coffee Copper Gasoline Gold Natural Gas Oil Platinum Precious Metals Silver
CFD Trading
You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides.	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
	1:400
FTSE Spread
1.5	from 100 (floating)
GBPUSD Spread
1.9	from 0.6 pips (floating)
Oil Spread
0.05	from 0 pips (floating)
Stocks Spread
0.57 (Apple)	Variable
Forex Trading
An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators.	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.
Forex App
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
GBPUSD Spread
1.9	from 0.6 pips (floating)
EURUSD Spread
0.9	from 0.2 pips (floating)
EURGBP Spread
1.3	from 0.5 pips (floating)
Assets
55	70+
Currency Indices
USD
Cryptocurrency
eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more	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
BTC 1%	Variable
Coins
BTC ETH BCH XRP DASH LTC ETC API3 CRO SKL IMX ADA MIOTA XLM EOS NEO TRX ZEC BNB XTZ DOT MKR COMP LINK UNI YFI DOGE AAVE FIL ALGO ATOM MANA APE LRC ENJ BICO BAT BNT OGN MATIC FLR GALA ALICE CHZ HBAR DYDX SOL THETA FTM GRT 1INCH CRV ANKR OXT REN SNX STORJ ZRX CELO SUSHI QNT BAL FET SHIBxM AMP AXS SGB CTSI ENS UMA LUNC FTT SRM LPT KNC ARB RNDR OP LDO	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
No	No

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