Switch Markets vs Axi
| Switch Markets | Axi |
|---|---|
3.3
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3.7
|
 Traders from US not accepted
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Traders from US not accepted
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Switch Markets is a multi-asset CFD brokerage, regulated by ASIC and SVGFSA. The new brand offers trading on the MT4 platform and leverage up to 1:500. The broker boasts over 180 instruments, with some additional tools including copy trading services and free VPS hosting. |
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 | |
| 100% Deposit Bonus | |
| Comment by Reviewer | |
| "Based on my tests, I think Switch Markets could be a good option for both new and experienced day traders, with accessible accounts, zero commissions and spreads from 0 pips. My main complaint is that the selection of 180+ products may be a little light for some traders." | "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 | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Stocks, CFD, Forex, Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $50 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $1 | 0.01 Lots |
| Regulator | |
| ASIC | 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 | |
| Yes | Yes |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Auto Trading | |
| Yes - Equinix | Myfxbook plus Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal. | 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 | |
| MT4 | 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 | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Switch Markets offers 180+ CFD instruments with 1:500 leverage and fast order execution speeds of | 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 | |
| 1:500 | 1:400 |
| FTSE Spread | |
| 1.2 | from 100 (floating) |
| GBPUSD Spread | |
| 0.5 | from 0.6 pips (floating) |
| Oil Spread | |
| 2.0 | from 0 pips (floating) |
| Stocks Spread | |
| Variable | Variable |
| Forex Trading | |
| I think the range of 60+ major, minor and exotic currency pairs is fairly competitive, especially with spreads from 0 pips in the Pro account. Experienced traders can also access high leverage up to 1:500 in the popular MT4 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 | |
| 0.5 | from 0.6 pips (floating) |
| EURUSD Spread | |
| 0.1 | from 0.2 pips (floating) |
| EURGBP Spread | |
| 0.6 | from 0.5 pips (floating) |
| Assets | |
| 60+ | 70+ |
| Cryptocurrency | |
| There's only 6 crypto CFDs available at Switch Markets, though I was pleased to see leverage of 1:3 available. I like that you can also benefit from BTC, ETH, XRP, USDT and USDTRC20 deposit options. | 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 | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| 81.6% of retail investor accounts lose money when trading CFDs with this provider | |
| More Comparisons | |
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Switch Markets vs |
Axi vs |