Higher Rated
Forex.com
Capital at risk · T&Cs apply
In the competitive landscape of forex brokers, Axi and Forex.com stand out with distinct offerings catering to different trader types. Axi, with a rating of 3.62/5, appeals to cost-conscious traders seeking flexibility, thanks to its zero minimum deposit and competitive spreads starting from 0.0 pips on its Pro account. In contrast, Forex.com, boasting a 4.4/5 rating, is ideal for traders prioritising robust regulatory oversight and comprehensive market research, despite its $100 minimum deposit requirement. While Axi offers the advantage of no minimum deposit and low spreads, Forex.com provides a wider range of platforms, including MT5, and benefits from being part of the publicly listed StoneX Group.
Axi
Forex.com
| Axi | Forex.com | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 4.4/5 ✓ |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0 pips ✓ | 0.8 pips |
| Max Leverage | 1:500 ✓ | 1:200 |
| Regulation | ASIC, FCA | FCA, CFTC, ASIC ✓ |
| Platforms | MT4, Proprietary Mobile | MT4, MT5, Proprietary Web |
Forex.com is the better choice overall, scoring 4.4/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Axi offers lower spreads (0 pips).
See full side-by-side comparison belowAxi
Forex.com
WinnerAxi
Forex.com
Axi, established in 2007 and headquartered in Sydney, operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. These regulatory bodies are renowned for their stringent standards, ensuring that Axi adheres to high levels of client fund protection and operational transparency. Axi offers additional security through segregated client accounts, safeguarding trader funds.
Forex.com, founded in 1999 and based in Bedminster, USA, boasts an expansive regulatory framework, being regulated by the FCA, Commodity Futures Trading Commission (CFTC) in the US, ASIC, and the Monetary Authority of Singapore (MAS). This broad range of oversight provides Forex.com clients with a robust safety net, including indemnity insurance and segregated accounts, which enhance fund protection and client confidence.
Axi offers competitive spreads starting from 0.0 pips on its Pro account, with a commission of $3.5 per lot, making it attractive for cost-conscious traders. The absence of a minimum deposit requirement lowers the entry barrier for new traders. However, traders should be aware of overnight fees that may apply depending on the position and asset class.
Forex.com, by contrast, provides spreads starting from 0.8 pips with no commission on trades, which may appeal to traders who prefer a simpler fee structure. However, the $100 minimum deposit may deter some beginners. Additionally, Forex.com imposes an inactivity fee, which is an important consideration for those who do not trade regularly. Maximum leverage is capped at 1:200, compared to Axi's 1:500.
Axi supports the MetaTrader 4 (MT4) platform, renowned for its user-friendly interface and comprehensive suite of trading tools, alongside its proprietary mobile app, which offers flexibility for traders on the go. Forex.com, on the other hand, provides both MT4 and MT5, along with robust proprietary web and mobile platforms that offer extensive market research tools, catering to traders who seek advanced platform functionalities.
For beginners, Forex.com is the superior choice due to its broad regulatory oversight and research tools. Professional traders may prefer Axi for its competitive spreads and higher leverage. In terms of fees, Axi edges out with its lower spreads and no minimum deposit requirement.
Axi
3.6/5
Choose Axi if you want…
Forex.com
4.4/5
Choose Forex.com if you want…
Forex.com scores higher overall on our independent rating system. Axi holds a 3.6/5 rating vs Forex.com's 4.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Axi offers spreads from 0 pips, while Forex.com starts at 0.8 pips. Check the fees section above for a full breakdown.
Axi requires a minimum deposit of $0. Forex.com requires $100.
Axi is regulated by ASIC, FCA, while Forex.com holds licences from FCA, CFTC, ASIC, MAS.
Axi supports MT4, Proprietary Mobile. Forex.com supports MT4, MT5, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.