FBS vs Axi (AxiTrader) - Fees Review included
Which broker is better FBS or Axi (AxiTrader)? Our expert assessment conducted according to TU’s own methodology showed that FBS is one of the top brokers in the financial market with the TU Overall Score of 7.33 out of 10. Axi (AxiTrader) is one of the top brokers in the financial market with the TU Overall Score of 6.91 out of 10. Find out more about TU Overall Score.
| Feature | FBS | Axi (AxiTrader) |
|---|---|---|
Overall |
4.3 |
4.4 |
4.6 |
4.8 |
|
3.9 |
4.8 |
|
4.1 |
3.5 |
|
Investment Instruments |
4.7 |
4.1 |
Platforms and Charting Tools |
4.5 |
4.5 |
Deposit and Withdrawal |
4.2 |
4.9 |
Research |
3.9 |
1.9 |
Education |
4.2 |
4.6 |
Support |
3.9 |
4.4 |
Bonuses |
5 |
4.1 |
|
|
|
FBS vs Axi (AxiTrader): Pros and Cons
FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.
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.
| FBS | Axi (AxiTrader) | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | low trading fees |
| Copyt trading platform | well-regulated broker | |
| $140 no-deposit bonus (not available for EU clients) | Auto trading and the use of Forex advisors are allowed | |
| Crypto account | AI-powered PsyQuation platform | |
| MyFXBook and Zulutrade copy trading platforms | ||
| Overall Cons | Hihg trading fees | limited research |
| Slow exacution speed | limited choice of stock CFDs |
FBS vs Axi (AxiTrader): Safety and Regulation
| FBS | Axi (AxiTrader) | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
£85,000 |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
Yes |
FSA (Seychelles) |
No |
No |
FBS vs Axi (AxiTrader): Trading Conditions
| Trading Conditions | FBS | Axi (AxiTrader) |
|---|---|---|
Minimum Deposit |
$1 |
$0 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
МТ4, MT4 Web-Trading, AxiOne, PsyQuation |
Max Leverage (Futures) |
401769 |
1-500 (not for all markets) |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
currency pairs, metals, CFDs, cryptocurrencies, Indices |
Trading assets |
200+ |
140+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Standart, Pro, Elite |
Base Account Currencies |
EUR, USD |
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
FBS vs Axi (AxiTrader): Fees
| FBS | Axi (AxiTrader) | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,3 |
1,3 |
ECN Commission |
3,5 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FBS vs Axi (AxiTrader): Trading Assets
| Asset Name | FBS | Axi (AxiTrader) |
|---|---|---|
Overall |
200+ |
140+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
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 |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FBS or Axi (AxiTrader): Investment Programs
| Asset Name | FBS | Axi (AxiTrader) |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Axi (AxiTrader) or FBS
| FBS | Axi (AxiTrader) | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
AxiOne, PsyQuation |
Others |
No |
no |
|
|
|
FBS vs Axi (AxiTrader): Deposit and Withdrawal Methods
| FBS | Axi (AxiTrader) | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
FBS vs Axi (AxiTrader): Research
| Research Type | FBS | Axi (AxiTrader) |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
NO |
FBS vs Axi (AxiTrader): Education
| Education Type | FBS | Axi (AxiTrader) |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Axi (AxiTrader) vs FBS: Support
| Support Features | FBS | Axi (AxiTrader) |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
feedback form |
FBS vs Axi (AxiTrader): Forex Bonuses and Promo
| Promo | FBS | Axi (AxiTrader) |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
$50 welcome bonus (not for UK and AU clietns) |
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 |
|
Other Promos |
By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot |
|
|
|
|
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.
Top 5 Reviews on FBS
-
Comment
Broker FBS provides access to trading on more than 150 markets, including forex, indices, metals, and futures contracts. The minimum deposit is $5, making FBS accessible for beginner traders. Leverage goes up to 1:3000, and the minimum spread on major currency pairs starts from 0.7 pips. Trading platforms available include MetaTrader 4, MetaTrader 5, and FBS Trader, with a minimum trade size of 0.01 lots.
-
Comment
I've been working with FBS for over six months. Withdrawals to a card usually take up to 48 hours, and fees depend on the chosen method. On the Pro account, spreads start from 0.5 pips but can widen during news releases. The company is regulated by the IFSC — not the strictest regulator, but it's something.
-
Comment
I occasionally use copy trading from FBS. It’s convenient that you can start with just $1. However, when choosing a trader, it’s important to carefully analyze their statistics — not all of them trade consistently. On the plus side, there’s automation; on the downside, the search filters are limited.
-
Comment
I started working with FBS because of the wide variety of account types. The conditions vary: for example, the Cent account requires just a $1 minimum deposit, while the ECN account starts at $1000. Each account suits a different trading strategy. The key is to carefully review the spreads and commissions before opening an account.
-
Comment
I did not get the answer I was seeking or I might have read a different thing online, I really can’t say because when I contacted the FBS support team. After trying the live chat option to no avail, I decided to try the Telegram channel. Initially, it was supposed to be a bot but I got a message that an agent would join. When I asked for the accounts available and features and the ideal one for Forex I got a long message which I did not understand (I was expecting a list of accounts and their features). Later the agent said they only offer standard accounts.
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.