Mitrade vs Axi

Mitrade vs Axi Comparison Table 2023
Mitrade	Axi
Review 3.5	Review 3.7
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
MiTrade is a Australian CFD and forex broker with top-tier regulation from ASIC. The broker offers zero minimum deposit requirement, 24/5 customer support and a sleek proprietary platform. The brand has been recognized with global awards and has gained a client base of over 2.4 million.	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
$50 welcome bonus
Comment by Reviewer
"Based on my extensive tests, I think MiTrade is a good choice for novice investors looking for hundreds of instruments, educational content and an award-winning bespoke trading platform."	"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
I think the online education courses, real-time market news and expert analysis resources are extensive and will be useful for both beginners and intermediate traders The intuitive trading terminal and mobile app with in-built technical indicators, custom charting and trend analysis are notable advantages for technical traders I appreciate the zero minimum deposit requirement, plus free deposits and withdrawals and no hidden charges - ideal for traders on a budget I'm pleased to see top-tier regulatory oversight from ASIC with negative balance protection and segregated client funds for some clients I found a decent list of international payment methods including POLi, Skrill, Neteller, wire transfer and credit/debit card Responsive customer support is also available 24/5 including live chat and an online contact form	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
There is only one choice of platform which I think will put MiTrade at a disadvantage compared to other brands It's disappointing that there are no advanced tools including copy trading and a VPS I'm a little hesitant that global traders will be registering with the offshore entities	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
Stocks, CFD, Forex	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
Own	MT4 AutoChartist DupliTrade
Payment Methods
Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer	Boleto Credit Card Debit Card FasaPay JCB Card Maestro Mastercard Neteller PIX Payment Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FSC, CIMA	FCA, ASIC, DFSA, FMA
Margin Trading
No	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
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
	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
No	Yes
Trade Signals
No	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 AUD	USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange	Australian Securities Exchange DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Nasdaq
Commodities
	Cocoa Coffee Copper Gasoline Gold Natural Gas Oil Platinum Precious Metals Silver
CFD Trading
There's a decent range of 500+ CFD products on a proprietary terminal including forex, stocks, shares and commodities with competitive spreads. I appreciated the 24/5 customer support, market insights and sentiment data to help me make informed CFD trading decisions.	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
1:30 (Retail), 1:250 (Pro)	1:400
FTSE Spread
3	from 100 (floating)
GBPUSD Spread
1.5	from 0.6 pips (floating)
Oil Spread
0.05	from 0 pips (floating)
Stocks Spread
Variable	Variable
Forex Trading
During my tests, I was pleased to uncover 60+ major, minor and exotic currency pairs, such as EUR/USD, AUD/USD and GBP/JPY with a minimum trade size of 0.01 lots and no commission fees. I also noted no hidden fees and free access to market insights.ith leverage through Mitrade's proprietary web-based trading platform.	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
1.5	from 0.6 pips (floating)
EURUSD Spread
1	from 0.2 pips (floating)
EURGBP Spread
1.2	from 0.5 pips (floating)
Assets
60	70+
Cryptocurrency
Crypto trading not offered	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
	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
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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