AxiTrader vs Binance

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

Axi vs Binance Comparison Table 2024
Axi Binance
rating empty
rating full
3.7
rating empty
rating full
3.5
Axi is ranked #29 among CFD brokers. Binance is ranked #82 among crypto brokers.
Review
Review
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.
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.
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
  • Over 350 crypto tokens are available with big names like Bitcoin and Ethereum
  • Crypto derivatives are offered including options and futures
  • Trade popular cryptos with high leverage up to 1:125
  • Binance Academy is a great resource for beginners
  • The account opening process is straightforward
  • There are no fees on fiat and crypto deposits
  • 24/7 support is available via live chat
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
  • No contact support number
  • Some regulatory investigations
  • The crypto exchange has been hacked
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 No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Cryptos
Demo Account
Yes No
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
0.01 Lots $10
Regulator
FCA, ASIC, DFSA, FMA
Mobile Apps
iOS & Android Yes
iOS App Rating
rating empty
rating full
2.5
rating empty
Android App Rating
rating empty
rating full
3.4
rating empty
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
No No
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes No
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 No
Market Maker
No No
P2P Trading
No Yes
Spot Trading
Yes Yes
Auto Trading
Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
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
Yes No
Trade Signals
Yes - on MT4
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • UAH
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
1:400
FTSE Spread
from 100 (floating)
GBPUSD Spread<
from 0.6 pips (floating)
Oil Spread
from 0 pips (floating)
Stocks Spread
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
70+
GBPUSD Spread
from 0.6 pips (floating)
EURUSD Spread
from 0.2 pips (floating)
EURGBP Spread
from 0.5 pips (floating)
Cryptocurrency
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. Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.
Spread
Variable Variable fees with account tiers
Coins
  • 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
  • DOGE
  • VET
  • USDT
  • BTC
  • BNB
  • ETH
  • VTHO
  • ADA
  • ONE
  • SOL
  • NEO
  • LINK
  • XLM
  • NANO
  • LTC
  • BUSD
  • HBAR
  • ALGO
  • MANA
  • ZIL
  • ENJ
  • BCH
  • MATIC
  • EGLD
  • HNT
  • EOS
  • QTUM
  • RVN
  • DAI
  • IOTA
  • ONT
  • STORJ
  • UNI
  • ETC
  • BAND
  • OMG
  • XTZ
  • USDC
  • ATOM
  • DASH
  • ICX
  • BAT
  • MKR
  • OXT
  • ZEC
  • ZEN
  • ZRX
  • COMP
  • WAVES
  • KNC
  • REP
  • PAXG
  • FIL
  • WBTC
  • THETA
  • SHIB
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Axi Binance
Review
Review
81.6% of retail investor accounts lose money when trading CFDs with this provider
More Comparisons
Axi
vs

 Binance
vs