Axi (AxiTrader) vs FP Markets - Fees Review included
Which broker is better Axi (AxiTrader) or FP Markets? Our expert assessment conducted according to TU’s own methodology showed that Axi (AxiTrader) is one of the top brokers in the financial market with the TU Overall Score of 6.91 out of 10. FP Markets is one of the top brokers in the financial market with the TU Overall Score of 7.07 out of 10. Find out more about TU Overall Score.
| Feature | Axi (AxiTrader) | FP Markets |
|---|---|---|
Overall |
4.4 |
4.6 |
4.8 |
4.7 |
|
4.8 |
4.7 |
|
3.5 |
4.6 |
|
Investment Instruments |
4.1 |
4.9 |
Platforms and Charting Tools |
4.5 |
4.7 |
Deposit and Withdrawal |
4.9 |
4.4 |
Research |
1.9 |
3.9 |
Education |
4.6 |
3.8 |
Support |
4.4 |
4.2 |
Bonuses |
4.1 |
2.1 |
|
|
|
Axi (AxiTrader) vs FP Markets: Pros and Cons
Axi is a broker owned by AxiCorp Financial Services Pty Ltd. This Australian company was founded by traders in 2007. Professional experience and real knowledge have become the basis of the company that understands the needs of traders, offers modern solutions and high-quality service.The broker is monitored by three reputable regulators: ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), and DFSA (Dubai Financial Services Authority), which confirm its reliability and stability.Traders around the world can become clients of the broker and gain access to more than 140 trading instruments: Forex, metals, cryptocurrencies, and CFDs.
FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.
| Axi (AxiTrader) | FP Markets | |
|---|---|---|
| Overall Pros | low trading fees | favorable trading conditions |
| well-regulated broker | more than 10,000 trading instruments | |
| Auto trading and the use of Forex advisors are allowed | investment opportunities: copy trading, MAM and PAMM | |
| AI-powered PsyQuation platform | order execution speed is 40 ms | |
| MyFXBook and Zulutrade copy trading platforms | ||
| well-regulated broker | ||
| Overall Cons | limited research | complex verification process |
| limited choice of stock CFDs |
Axi (AxiTrader) vs FP Markets: Safety and Regulation
| Axi (AxiTrader) | FP Markets | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 |
No |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
Yes |
BVI FSC |
No |
No |
VFSC |
Yes |
No |
FSA (Seychelles) |
No |
Yes |
Axi (AxiTrader) vs FP Markets: Trading Conditions
| Trading Conditions | Axi (AxiTrader) | FP Markets |
|---|---|---|
Minimum Deposit |
$0 |
$100 |
Trading Platforms |
МТ4, MT4 Web-Trading, AxiOne, PsyQuation |
MT4, МТ5, Webtrader, Mobile, Iress |
Max Leverage (Futures) |
1-500 (not for all markets) |
1-500, for EU and AU clients - 1-30 |
Supported Markets |
currency pairs, metals, CFDs, cryptocurrencies, Indices |
Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency |
Trading assets |
140+ |
10000+ |
Trading Accounts |
Standart, Pro, Elite |
Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress |
Base Account Currencies |
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
AUD |
Axi (AxiTrader) vs FP Markets: Fees
| Axi (AxiTrader) | FP Markets | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,3 |
1,1 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,1 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0-1 |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Axi (AxiTrader) vs FP Markets: Trading Assets
| Asset Name | Axi (AxiTrader) | FP Markets |
|---|---|---|
Overall |
140+ |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Axi (AxiTrader) or FP Markets: Investment Programs
| Asset Name | Axi (AxiTrader) | FP Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Bond CFDs |
Trading Platforms: FP Markets or Axi (AxiTrader)
| Axi (AxiTrader) | FP Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
AxiOne, PsyQuation |
No |
Others |
no |
Iress |
|
|
|
Axi (AxiTrader) vs FP Markets: Deposit and Withdrawal Methods
| Axi (AxiTrader) | FP Markets | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Axi (AxiTrader) vs FP Markets: Research
| Research Type | Axi (AxiTrader) | FP Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
NO |
Yes |
Axi (AxiTrader) vs FP Markets: Education
| Education Type | Axi (AxiTrader) | FP Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
FP Markets vs Axi (AxiTrader): Support
| Support Features | Axi (AxiTrader) | FP Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
feedback form |
No |
Axi (AxiTrader) vs FP Markets: Forex Bonuses and Promo
| Promo | Axi (AxiTrader) | FP Markets |
|---|---|---|
Forex Bonus |
$50 welcome bonus (not for UK and AU clietns) |
No |
Affiliate Program |
The company has developed its own partnership portal, providing an opportunity to earn money by attracting customers to a retail brokerage center. All partners are provided with materials and receive a high CPA commission, up to $850 for one attracted account. Affiliate program options: IB-partner, CPA-partner |
CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders. |
Other Promos |
||
|
|
|
Top 5 Reviews on FP Markets
-
Comment
I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.
-
Comment
I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.
-
Comment
I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.
-
Comment
Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.
-
Comment
FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.
Top 5 Reviews on Axi (AxiTrader)
-
Comment
Trading with Axi is available from a minimum lot size of 0.01, with spreads on the EUR/USD pair starting at 0.1 pips. Axi is regulated by several well-known authorities, including the FCA (UK), ASIC (Australia), and DFSA. Clients can deposit and withdraw funds via cards, bank transfer, Skrill, Neteller, PayPal, and cryptocurrency. The broker supports VPS, Autochartist, and additional tools for MT4. Traders can choose from Standard, Pro, Elite, and Islamic accounts, allowing flexible options tailored to individual needs.
-
Comment
Axi is a broker with a long history in the market, operating since 2007 and present in multiple jurisdictions. There is no minimum deposit requirement for Standard and Pro accounts, while the Elite account has a high threshold of $25,000. The MetaTrader 4 platform is available as a desktop app, mobile app, and WebTrader. Traders have access to over 140 instruments, including currency pairs, CFDs on stocks, indices, commodities, and IPOs. Leverage can reach up to 1:500, but the level depends on the country of registration and account type. Among Axi’s advantages are no fees for deposits and withdrawals, as well as support from major liquidity providers such as Morgan Stanley, UBS, J.P. Morgan, and others.
-
Comment
I opened an account with Axi broker six months ago. Before that, I traded with another company, but I had to leave due to disputes with customer support. So far, everything is going fine with Axi. I can't say it's a super platform; I've encountered a couple of bugs here. During news releases, I noticed price slippage in the broker's terminal. But I don't think these are serious issues.
-
Comment
I'm a newcomer to the world of Forex and chose AxiTrader as my broker, thinking they would assist me. I was wrong! Initially, they promised a personal consultant, but this person was unavailable every time I had questions. When I finally started trading, it seemed to me that the spreads deliberately widened at the moments of my transactions. My account was depleted in no time! I feel like I've been deceived! Don't trust AxiTrader!
-
Comment
The AxiTrader Pro account is expected to have excellent conditions, with an almost zero spread, instant order execution, and fast processing of withdrawal requests. However, all these favorable conditions are unrelated to AxiTrader as a broker. This is because the platform they provide is one of the worst I have encountered. I do not recommend working with this company.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.