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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 #92 among CFD brokers.	Axi is ranked #27 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.	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
	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
	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
Yes	Yes
Instruments
CFDs, Forex, Stocks, Cryptos	Forex, CFDs, indices, shares, commodities, cryptocurrencies
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, DFSA, FMA
Mobile Apps
iOS and Android	iOS & Android
iOS App Rating
	2.5
Android App Rating
	3.4
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	No
ECN Account
No	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
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	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
	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
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD JPY CHF HKD SGD
Commodities
	Copper Oil Gold Silver Platinum Cocoa Coffee Gasoline Natural Gas Precious Metals
CFD
	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
1:30	1:400
FTSE Spread
1 pt	from 100 (floating)
GBPUSD Spread<
0.9	from 0.6 pips (floating)
Oil Spread
0.06 pips	from 0 pips (floating)
Stocks Spread
From 0.5%	Variable
Forex
	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
65+	70+
GBPUSD Spread
0.9	from 0.6 pips (floating)
EURUSD Spread
0.6	from 0.2 pips (floating)
EURGBP Spread
0.9	from 0.5 pips (floating)
Cryptocurrency
Trade 5 cryptocurrencies, and BTC against USD, GBP or EUR. Margin is tiered from 50%	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
BTC Market Spread + 10, ETH Market spread + 8	Variable
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
	81.6% of retail investor accounts lose money when trading CFDs with this provider
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