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ETX Capital vs Axi

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

ETX Capital vs Axi Comparison Table 2024
ETX Capital	Axi

3.3	3.7
ETX Capital is ranked #91 among CFD brokers.	Axi is ranked #26 among CFD brokers.
Review	Review
ETX Capital has closed or no longer accepts UK clients. ETX Capital were a London-based, FCA regulated broker offering tight spreads across a wide range of markets.	Established in 2007, Axi is a multi-regulated forex and CFD broker that has made strides to improve its trading experience over the years, from expanding its suite of stocks and upgrading the Axi Academy to launching its own copy trading app.
	72.4% of retail investor accounts lose money when trading CFDs with this provider
Pros
	Axi offers a terrific MT4 experience, enhanced with the NextGen plug-in for advanced order management and analytics, and complete with low execution latency of approximately 30ms. The growing educational resources in the Axi Academy, including free eBooks, video tutorials and notably interactive quizzes, are excellent for supporting beginner traders. Axi's latest copy trading app is really intuitive based on our tests with useful filtering options to match strategies with individual risk preferences. Advanced traders can now sign up for the Axi Select funded trader program through the broker’s offshore entity, providing funding up to $1 million with a 90% profit share.
Cons
	Axi is falling behind by only offering MT4 when many rivals now support MT5, cTrader, TradingView and proprietary software for a slicker experience with more advanced tools. Despite bolstering its stock CFDs in US, UK and EU markets, it’s still nowhere near as extensive as firms like BlackBull which offer thousands of equities for diverse opportunities. Axi still has our confidence but issues with the ASIC and FMA in recent years mean it needs to continue providing a secure environment while adhering to licensing conditions. Despite performing well whenever we use it, Axi's support is unavailable 24/7, which can be inconvenient for traders in different time zones or those needing assistance outside standard trading hours.
Awards
	Best Forex Provider 2023 – Online Money Awards Best MT4 Provider UK 2022 – International Business Magazine Awards Best CFD Provider 2022 – Shares Awards Best CFD Provider 2021 – Shares Awards Most Transparent Forex Broker (Middle East) 2021 - Global Forex Awards Best EMEA Region Broker 2020 - ADVFN International Financial Awards
FCA Regulated
Yes	Yes
Instruments
CFDs, Forex, Stocks, Cryptos	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
£250	$0
Payment Methods
Credit Cards Mastercard Neteller Skrill	Alipay Credit Cards Debit Card FasaPay Maestro Mastercard Neteller Skrill Sofort Visa Wire Transfer
Minimum Trade
£1	0.01 Lots
Regulator
FCA	FCA, ASIC, FMA, DFSA, SVGFSA
Mobile Apps
iOS and Android	iOS & Android
Trading App
	Axi’s app delivers a smooth, efficient trading experience, integrating all the tools needed for active trading in global markets right from your palm. Benefiting from upgrades to fix bugs and improve speed, it now features push notifications, personalized watchlists, and educational videos, all within a user-friendly interface that really impresses.
iOS App Rating
	3.6
Android App Rating
	4.2
Margin Trading
No	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	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
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader, Myfxbook
Copy Trading
No	Yes
Social Trading
No	Yes
Trade Signals
	MT4, Autochartist
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
	$10
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CHF PLN
Commodities
	Copper Oil Gold Silver Platinum Cocoa Coffee Gasoline Natural Gas Precious Metals
CFD
	Axi offers a growing suite of CFDs covering currencies, shares, indices, commodities and crypto (location dependent). It’s clearly built with active traders in mind with zero restrictions on scalping or algo trading, extensive leverage opportunities, and fast execution with latency under 100ms.
Leverage
1:30	1:30
FTSE Spread
1 pt	1.0
GBPUSD Spread<
0.9	0.6
Oil Spread
0.06 pips	0.03
Stocks Spread
From 0.5%	0.07
Forex
	Axi’s 70+ currency pairs is its strongest market offering and beats out rivals like AvaTrade, which offers only 50+. Combine this with an elevated MT4 offering through the NextGen add-on, and Axi remains an excellent broker for forex traders.
Assets
65+	70+
GBPUSD Spread
0.9	0.5
EURUSD Spread
0.6	0.2
EURGBP Spread
0.9	0.5
Cryptocurrency
Trade 5 cryptocurrencies, and BTC against USD, GBP or EUR. Margin is tiered from 50%	Axi provides 24/7 short-term trading opportunities on 30 popular cryptos paired with fiat currencies, other tokens and more unusually, metals. It also stands out with its high leverage up to 1:200 for advanced crypto traders, amplifying potential returns but also losses.
Spread
BTC Market Spread + 10, ETH Market spread + 8	From 0.0
Coins
BCH 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

ETX Capital	Axi
Review	Review
	72.4% of retail investor accounts lose money when trading CFDs with this provider
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