Amega vs Axi

Amega or Axi – which is better for UK traders 2024? Compare Amega and Axi in this detailed breakdown of their platforms, features and fees.

Amega vs Axi Comparison Table 2024

Amega	Axi
3.2	3.7
Amega is ranked #79 among CFD brokers.	Axi is ranked #27 among CFD brokers.
Review	Review
Amega is an offshore STP broker offering CFD trading fon forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.	Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.
	81.6% of retail investor accounts lose money when trading CFDs with this provider
Pros
Amega supports a growing selection of payment options, including cryptos and international banking solutions with an accessible $20 minimum deposit. The MetaTrader 5 platform is excellent for trading with low latency, sophisticated order types, and up to 128 indicators and 21 timeframes to aid precise analysis. The One account keeps things simple for aspiring traders, featuring the full range of forex, stocks, indices and commodities with no hidden fees or swap fees, and $1 cashback per lot.	A strong range of advanced tools are available for experienced traders, including the Autochartist market scanner, VPS solutions and exclusive MT4 NexGen features The broker's inactivity fee terms are fairly generous, only charging a $10 fee after a long inactivity period of 12 months - some brokers charge after only 3 months The broker’s free trading resources are geared towards short-term traders, including various market calendars and dividend forecast schedules Experienced traders can benefit from the Axi Select funded trader programme, offering funding up to $1 million and up to 90% profit share The $0 minimum deposit, zero-commission pricing structure, and user-friendly copy trading service will appeal to beginners Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos Among other educational resources, there’s an excellent selection of free eBooks for newly registered beginners Axi is a well-regulated and established broker, with a strong track record since 2007
Cons
Despite offering negative balance protection, Amega still lacks authorization from a trusted regulator, making it a high-risk option with no access to investor protection. Although the library of educational guides is growing, it falls far behind the likes of eToro which offers quizzes, videos and a social trading network for a complete learning journey. As brokers increasingly invest in their own trading software and add third-party solutions like cTrader to meet various trader preferences, Amega trails behind with just MT5.	There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app The demo account expires after only 30 days - many alternative brokers that we test allow you to practice for 60 days or more The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000 The Axi Select program requires a $500 minimum deposit to enter the first Seed stage
Awards
	Best EMEA Region Broker - ADVFN International Financial Awards, 2020 Best Forex Broker Middle East - forex-awards.com, 2019 Best Forex Broker Europe - forex-awards.com, 2019 Best MT4 Forex Broker - atozmarkets.com, 2019
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Forex, Shares, Indices, Commodities, Cryptos	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$20	$0
Payment Methods
Perfect Money STICPAY Wire Transfer	Alipay Credit Cards Debit Card FasaPay Maestro Mastercard Neteller Skrill Sofort Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
	FCA, ASIC, DFSA, FMA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
	2.5
Android App Rating
	3.4
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	No
STP Account
Yes	No
ECN Account
Yes	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
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	After partnering with Pelican Trading, Axi remains a strong option for traders seeking a reputable copy trading service. The user-friendly app requires no minimum deposit and connects seamlessly to your MT4 trading account.
Social Trading
No	Yes
Trade Signals
MT5	Yes - on MT4
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP CAD AUD JPY CHF HKD SGD
Commodities
Corn Wheat Sugar Soybeans Cocoa Coffee Gold Silver Palladium Platinum Oil Gasoline Natural Gas	Copper Oil Gold Silver Platinum Cocoa Coffee Gasoline Natural Gas Precious Metals
CFD
Trade CFDs on 100+ instruments from popular asset classes. Leverage up to 1:200 is available on precious metals, while stocks, indices and energies can access 1:20 max leverage and 1:10 for commodities. On the negative side, the depth of assets is limited vs other CFD brokers.	Axi offers 220+ products covering forex, shares, commodities, indices and cryptos. Spreads on EUR/USD come in at around 0.2 pips in the Pro account and 1.1 pips in the Standard account. These are competitive and aligned with equivalent accounts at leading low-cost brokers like Pepperstone.
Leverage
1:1000	1:400
FTSE Spread
From 0.8 pips	from 100 (floating)
GBPUSD Spread<
From 0.8 pips	from 0.6 pips (floating)
Oil Spread
From 0.8 pips	from 0 pips (floating)
Stocks Spread
From 0.8 pips	Variable
Forex
Amega offers an unusually large selection of currency pairs for an unregulated broker with 70+ forex CFDs, alongside up to 1:1000 leverage, zero commissions and competitive spreads from 0.8 pips. FX traders also have access to MT5 – the faster, more advanced version of MT4.	Axi continues to offer a strong selection of 70+ currency pairs - more than many top brokers including award-winner AvaTrade, with only 50+. There are no restrictions on trading strategies including algo trading and scalping, which will serve both short-term and long-term traders.
Assets
70+	70+
GBPUSD Spread
0.8	from 0.6 pips (floating)
EURUSD Spread
0.8	from 0.2 pips (floating)
EURGBP Spread
0.8	from 0.5 pips (floating)
Cryptocurrency
Trade popular digital tokens against fiat currencies. Go long or short on Bitcoin and get 24/7 instant cashback when you trade in high volumes. However, traders looking for low-cap tokens should look at alternative brokers.	The broker offers a strong selection of 30 popular cryptos paired with fiat currencies, other tokens and metals. The high leverage up to 1:200 will serve experienced crypto traders, whilst the zero-commission pricing structure will appeal to beginners.
Spread
From 0.8 pips	Variable
Coins
BTC ETH LTC XRP	BCH BNB BTC LTC OMG FTT BTC BCH DOG LTC XLM AAVE COMP LRC MKR SUSHI UNI BAT CRV ENJ LNK MANA MATIC SAND XRP LNK XRP KSM AVAX ETH SOL XTZ ADA DOT EOS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Amega	Axi
Review	Review
	81.6% of retail investor accounts lose money when trading CFDs with this provider
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