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 vs Axi Comparison Table 2024
ForexVox Axi
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3.5
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3.7
ForexVox is ranked #96 among CFD brokers. Axi is ranked #29 among CFD brokers.
Review
Review
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. 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
  • Various methods for depositing funds
  • Licensed by both FCA and FSA
  • Several promotional schemes
  • MetaTrader 5 trading platform
  • No deposit fees or minimum limits
  • Forex VPS will suit active traders
  • Mentoring from industry experts
  • Chatrooms and social network
  • Multi account manager
  • No requotes
  • Copy trading
  • 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
  • Only supports one trading platform
  • Limited asset list with no stocks or crypto
  • Weak regulatory oversight in some locations
  • Restricted to only three free withdrawals per month
  • High minimum withdrawal limits
  • 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, Indices, Commodities, Metals Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, FSA FCA, ASIC, DFSA, FMA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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2.5
Android App Rating
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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
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes 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
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. 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 Yes
Trade Signals
MT5 Yes - on MT4
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
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Oil
  • Gold
  • Silver
  • Copper
  • Oil
  • Gold
  • Silver
  • Platinum
  • Cocoa
  • Coffee
  • Gasoline
  • Natural Gas
  • Precious Metals
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 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
1:500 1:400
FTSE Spread
Floating from 100 (floating)
GBPUSD Spread<
Floating from 0.6 pips (floating)
Oil Spread
Floating from 0 pips (floating)
Stocks Spread
NA Variable
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 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
Floating from 0.6 pips (floating)
EURUSD Spread
Floating from 0.2 pips (floating)
EURGBP Spread
Floating 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.
Spread
Variable
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
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
ForexVox Axi
Review
Review
81.6% of retail investor accounts lose money when trading CFDs with this provider
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