InstaForex vs AxiTrader

InstaForex vs Axi Comparison Table 2024
InstaForex	Axi
Review 3.7	Review 3.7

InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC.	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
Bonus Offer
Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Promotions
Claim A 100% Deposit Bonus At InstaForex
Comment by Reviewer
"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."	"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
InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources The broker is accessible for beginners, with low minimum deposits, Cent accounts (for global clients) and zero-commission trading available There’s a copy trading service available with just a $10 minimum deposit, allowing clients to become both followers and providers There’s a decent range of free and fast payment methods including local bank transfers, bank cards, e-wallets and cryptos InstaForex has a strong industry reputation, with a 15+ year history and serving over 7 million clients	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 broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+ The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers	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, International Investor Awards 2022 Best Crypto Broker 2022, Forexing.com Best Customer Service Broker 2022, AllForexBonus.com Best Broker 2022 in Latin America, International Business Magazine Best Affiliate Program 2022, GBM Best Forex Broker 2022, International Investor Awards Most Active Broker in Asia 2020, AtoZ Markets Forex Awards Best Affiliate Program 2020, Global Brands Magazine Best Broker in Asia 2019, Le Fonti Awards Best Managed Account 2019, IAFT Awards Best ECN Broker in Asia 2018, International Business Magazine	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	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
	$0
Trading Platforms
MT4 MT5	MT4 AutoChartist DupliTrade
Payment Methods
AstroPay Bitcoin Payments Ethereum Payments Giropay Mastercard Neteller Przelewy24 Rapid Transfer Skrill 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
	0.01 Lots
Regulator
	FCA, ASIC, DFSA, FMA
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
Yes	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
No	Yes
Mobile Apps
iOS and Android + browser based platform	iOS & Android
Android App Rating
3.6	3.4
iOS App Rating
3.6	2.5
Auto Trading
Yes	Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
The Copy Trading facility at Instaforex is increasingly popular, due to the clear design and growing list of specialist traders and markets.	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 - 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
Islamic Account
Yes	Yes
Account Currencies
USD EUR	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 Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Nasdaq
Commodities
Cocoa Coffee Copper Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Silver Soybeans Sugar Wheat	Cocoa Coffee Copper Gasoline Gold Natural Gas Oil Platinum Precious Metals Silver
CFD Trading
You can trade CFDs across a range of diverse markets with flexible account types and leverage up to . With access to both MT4 and MT5, day traders can execute multiple short-term CFD trading strategies using the dozens of pre-integrated technical indicators and graphical objects.	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
	from 100 (floating)
GBPUSD Spread
Av. Floating 0.6 pips	from 0.6 pips (floating)
Oil Spread
	from 0 pips (floating)
Stocks Spread
Commissions as low as 0.1%	Variable
Forex Trading
InstaForex's range of 100+ currency pairs is among the largest we have seen. ECN spreads are also available from 0.0 pips with zero commissions. Minimum deposits start from making the broker accessible for beginners. You can also access market-leading forex analysis and insights.	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
Av. Floating 0.6	from 0.6 pips (floating)
EURUSD Spread
Av. Floating 0.2	from 0.2 pips (floating)
EURGBP Spread
Av. Floating 0.5	from 0.5 pips (floating)
Assets
1000+	70+
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.
Spread
0.1%	Variable
Coins
BCH BTC ETH LTC XRP and50+more	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

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