AvaTrade and AxiTrader are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. AvaTrade is regulated by 9 regulatory authorities , including the ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC. On the other hand, AxiTrader is regulated by 5 regulatory authorities , including the ASIC, SVG, FSA, DFSA, FCA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare AvaTrade with AxiTrader regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if AvaTrade is better than AxiTrader. This comparison lets you understand which broker is better for your trading style and preferences.
AvaTrade vs AxiTrader: In a Nutshell
AvaTrade
Established in 2006, Avatrade is a forex and CFD broker based in Dublin, Ireland. The company offers a wide range of trading instruments including forex, commodities, stock indices, stocks, exchange-traded funds, options, cryptocurrencies, and bonds. The broker is regulated across 9 jurisdictions AvaTrade is regulated across 9 jurisdictions including ASIC, CySEC, IIROC, ADGM/FSRA, CBI, ISA, FSCA, FFAJ, and FSC in BVI. AvaTrade offers MetaTrader 4 and 5, AvaTradeGo, AvaOptions, and WebTrader platforms for the diverse needs and preferences of the traders.
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AxiTrader
Founded in Sydney, Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries. More than 220 forex and CFDs can be traded on its MT4 platform. The Axi Trading platform will soon be available for real trading. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading. To learn more, you can read our review of AXI.
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Avatrade vs: AxiTrader Features
AvaTrade
- Trading Instruments: A wide range of trading instruments including forex, indices, FXoptions, Commodities, ETFs, Stocks, Bonds
- Maximum leverage: 1:30 for retail traders of ASIC, CySEC, FCA, and BaFin jurisdictions, 1:200 for SCB Jurisdiction, 1:400 for CMA Jurisdiction, and 1:500 for professional traders.
- Minimum Deposit: The maximum leverage is as high as 400:1. However, leverage may vary depending on jurisdiction and tradable assets. For example, the maximum leverage of ASIC, CySEC jurisdiction is 30:1.
- Account Types: Two (CFD Account, Corporate Account)
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.3 pips. A rollover commission is applied on open positions overnight
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
AxiTrader
- Trading Instruments: 220+Trading instruments including Forex, shares, IPOs, Indices, commodities, cryptocurrencies
- Maximum leverage: 500:1, However, AXI offers 1000:1 leverage in some countries
- Minimum Deposit: No Minimum Deposit.
- Account Types: Three ( Standard, Pro, Elite Account)
- Trading Fees: spread starting from 0.9 pips for the standard account, $7 per lot for the pro account, $3.5 per lot for the Elite account
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
AvaTrade vs AxiTrader: Pros and Cons
AvaTrade
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AxiTrader
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AvaTrade vs AxiTrader: Side-by-Side Comparison
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AvaTrade Vs AxiTrader: Our Scores and Ratings
We rated both brokers, AvaTrade and AxiTrader, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
AvaTrade:
AxiTrader
Final Verdict :
AvaTrade and AxiTrader are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for AvaTrade is $100., whereas the minimum deposit for AxiTrader is $0 for standard and pro accounts, 25,000 for Elite accounts. Additionally, the maximum leverage for AvaTrade is 1:200 for retail traders, and 1:400 for Pro traders. In contrast, the maximum leverage for AxiTrader is 1:400. AvaTrade offers passive investment programs like MAM and PAMM, while AxiTrader does not have any passive investment programs.
Our score for AvaTrade is 9, and for AxiTrader, it is 8.7 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose AvaTrade. However, if you prefer another forex brokers that offer similar services, you may choose AxiTrader.
