ForexVox vs Axi
ForexVox or Axi – which is better for UK traders 2024? Compare ForexVox and Axi in this detailed breakdown of their platforms, features and fees.
| ForexVox | Axi |
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| ForexVox is ranked #91 among CFD brokers. | Axi is ranked #26 among CFD brokers. |
| ForexVox is an offshore broker offering unrestricted, highly leveraged trading on 100+ forex, metals, commodities and indices via the MetaTrader 5 platform. Trades take place with market execution, either through a commission-free or raw spreads ECN model. | 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 | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | Yes |
| Instruments | |
| CFDs, Forex, Indices, Commodities, Metals | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FCA, FSA | FCA, ASIC, FMA, DFSA, SVGFSA |
| Mobile Apps | |
| iOS & 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. |
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| iOS App Rating | |
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| Android App Rating | |
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| 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 | |
| No | Yes |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | 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 | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, Myfxbook |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| ForexVox offers a social trading solution where clients can chat with other traders and replicate their strategies and setups. The app is quick and easy to download and set up. | |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| MT5 | MT4, Autochartist |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $10 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Trade highly leveraged CFDs on forex, commodities, metals and indices from a minimum 0.01 lot size and no restrictions on strategies, including scalping, netting and hedging. | 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 | |
| 1:500 | 1:30 |
| FTSE Spread | |
| Floating | 1.0 |
| GBPUSD Spread< | |
| Floating | 0.6 |
| Oil Spread | |
| Floating | 0.03 |
| Stocks Spread | |
| NA | 0.07 |
| Forex | |
| Trade 70+ major, minor and exotic forex pairs with market execution and leverage up to 1:500. The no requotes and fast executions will appeal to fast-paced trading strategies. | 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 | |
| 70+ | 70+ |
| GBPUSD Spread | |
| Floating | 0.5 |
| EURUSD Spread | |
| Floating | 0.2 |
| EURGBP Spread | |
| Floating | 0.5 |
| Cryptocurrency | |
| 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 | |
| From 0.0 | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| ForexVox | Axi |
| 72.4% of retail investor accounts lose money when trading CFDs with this provider | |
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