XM vs Axi (AxiTrader) - Fees Review included
Which broker is better XM or Axi (AxiTrader)? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9.1 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 | XM | Axi (AxiTrader) |
|---|---|---|
Overall |
4.5 |
4.4 |
4.9 |
4.8 |
|
4.3 |
4.8 |
|
4.4 |
3.5 |
|
Investment Instruments |
4.4 |
4.1 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.7 |
4.9 |
Research |
5 |
1.9 |
Education |
5 |
4.6 |
Support |
4.6 |
4.4 |
Bonuses |
5 |
4.1 |
|
|
|
XM vs Axi (AxiTrader): Pros and Cons
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
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.
| XM | Axi (AxiTrader) | |
|---|---|---|
| Overall Pros | Well-Regulated broker | low trading fees |
| Strong research tools | well-regulated broker | |
| Strong education | Auto trading and the use of Forex advisors are allowed | |
| Big Forex bonuses | AI-powered PsyQuation platform | |
| Free deposit and withdrawal | MyFXBook and Zulutrade copy trading platforms | |
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | High spreads | limited research |
| limited choice of stock CFDs |
XM vs Axi (AxiTrader): Safety and Regulation
| XM | Axi (AxiTrader) | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €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 |
Yes |
No |
BVI FSC |
No |
No |
VFSC |
No |
Yes |
FSA (Seychelles) |
Yes |
No |
XM vs Axi (AxiTrader): Trading Conditions
| Trading Conditions | XM | Axi (AxiTrader) |
|---|---|---|
Minimum Deposit |
$5 |
$0 |
Trading Platforms |
MT4, MT5 |
МТ4, MT4 Web-Trading, AxiOne, PsyQuation |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
1-500 (not for all markets) |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
currency pairs, metals, CFDs, cryptocurrencies, Indices |
Trading assets |
1300+ |
140+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Standart, Pro, Elite |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
XM vs Axi (AxiTrader): Fees
| XM | Axi (AxiTrader) | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,2 |
1,3 |
ECN Commission |
3,5 |
3,5 |
ECN Spread EUR/USD |
0,2 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs Axi (AxiTrader): Trading Assets
| Asset Name | XM | Axi (AxiTrader) |
|---|---|---|
Overall |
1300+ |
140+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XM or Axi (AxiTrader): Investment Programs
| Asset Name | XM | Axi (AxiTrader) |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Axi (AxiTrader) or XM
| XM | Axi (AxiTrader) | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
AxiOne, PsyQuation |
Others |
No |
no |
|
|
|
XM vs Axi (AxiTrader): Deposit and Withdrawal Methods
| XM | Axi (AxiTrader) | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XM vs Axi (AxiTrader): Research
| Research Type | XM | Axi (AxiTrader) |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
NO |
XM vs Axi (AxiTrader): Education
| Education Type | XM | Axi (AxiTrader) |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Axi (AxiTrader) vs XM: Support
| Support Features | XM | Axi (AxiTrader) |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
feedback form |
XM vs Axi (AxiTrader): Forex Bonuses and Promo
| Promo | XM | Axi (AxiTrader) |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit bonus |
$50 welcome bonus (not for UK and AU clietns) |
Affiliate Program |
Multi tier 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 |
||
|
|
|
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 XM
-
Comment
I liked that XM Group pays a lot of attention to beginners. The minimum order starts from 0.01 lots, and the margin requirements are clearly stated: margin call at 50%, stop-out at 20%. I opened an account in US dollars, but EUR, GBP, JPY, and many other currencies are also available. Within a month, I earned my first $120 using simple strategies on EUR/USD, and all trades were executed without delays. Another advantage is the detailed educational section and webinars from the broker’s analysts.
-
Comment
XM Group offers convenient support — available five days a week via chat and email. I once had to resolve a verification issue, and everything was handled within 30 minutes. I was pleased with the wide selection of terminals: although all are MetaTrader, there are 16 different versions for various devices. I trade on both my smartphone and laptop without any problems. Another plus is the full report on all commissions and transparent conditions — I’ve never encountered any hidden fees.
-
Comment
Account setup was quick and simple. I choose their MT4 trading app and can say it works pretty well. The execution speed is solid, and the spreads on the standard account are within the standards. Overall it’s been a solid experience and must say that the service here is great…
-
Comment
I discovered XM Group because of their trade copying program through MQL5. It’s very convenient for beginners: the service is integrated into MetaTrader, allowing automatic copying of top traders’ deals. I’m subscribed to one ranked trader myself — the results have been positive for three consecutive months, with an average monthly return of 8–12% at moderate risk. I paid a fixed commission for copying, and after a month, I can opt out — very convenient.
-
Comment
It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.
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.