AxiTrader vs CMC Markets Compared 2024

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AxiTrader vs CMC Markets: In a Nutshell

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.

AxiTrader At a Glance

AxiTrader At a Glance
  • Founded In: 2007
  • Trading Instruments: 220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices. 
  • Minimum Deposit: $0 for standard and pro accounts, 25,000 for Elite account. 
  • Maximum Leverage: upto 1:500
  • Regulations: ASIC, FCA,  SVG, FSA, DFSA,
  • Trading Fees: spread starting from 0.9 pips for standard account, $7 per lot for pro account, $3.5 per lot for Elite account
  • Trading platform: MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps. 
  • Account Types:  Standard, Pro Account, and Elite Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, GlobalCollect, JCB, Maestro, Neteller, Ngan Luong, Payment Asia, Poli, Skrill, UnionPay
  • Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
  • US Clients : Not Accepted

CMC Markets

Founded in 1989, CMC Markets is a publicly traded broker (Ticker: CMCX). The broker is regulated in the UK, Australia, Canada, and Singapore. It offers over 9800 trading instruments, including Forex, Indices, Cryptocurrencies, Shares & ETFs, and Commodities. There is no minimum deposit requirement on IC Markets; you may deposit as low as $1. CMC Markets allows EA trading and news trading. The broker uses the most popular trading ust Marketsplatform, MetaTrader (MT4), as its trading platform.

CMC Markets Overview
  • Founded In: 1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations: ASIC
  • Trading platform: MT4 , Share trading platforms
  • Account Types: SPREAD BETTING, Fx Active, CFD Trading
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
  • US Traders: Not Accept

AxiTrader vs CMC Markets: Pros and Cons

AxiTrader

Pros
  • A global broker since 2007.
  • Regulated by FCA, ASIC, DFSA, and FMA.
  • Serves over 60,000 customers in 100+ countries.
  • No deposit and withdrawal fees.
  • The minimum deposit is as low as $1.
  • Allows scalping, EA trading, and news trading.
  • Offers passive investment programs like MAM, PAMM, and Zulutrade.
  • Maximum leverage is as high as 400:1.
  • Offers a wide range of trading instruments including forex, metals, indices, commodities, and cryptocurrencies.
  • Spread betting is available for the UK market.
  • Spreads are low and start from 0 pips.
  • Easy and digital account opening process.
  • AutoChartist, MetaTrader 4 NextGen, and PsyQuation are offered.
  • Signal providers and free VPS are offered (conditions apply)
Cons
  • Not regulated by CySEC, a leading regulator for EU countries.
  • The demo account expires after 30 days.
  • The broker does not offer more advanced platforms like MT5 and cTrader; only MT4 is available.
  • The commission is $7 for the pro account, which is a bit high compared to competitors.
  • Only forex and CFDs are offered; no real tradable assets are available

CMC Markets

Pros
  • Regulated by FCA, ASIC, IIROC, MAS, FMA
  • Founded in 1989, CMC Markets is publicly traded company
  • The minimum deposit is as low as $1 
  • Comparatively low spread starting from 0.7 pips
  • Allows news trading, EA/Robot trading
  • Extensive range of tradable assets 
  • Excellent education and research resources
Cons
  • Offered only MT4, no MT5, cTrader trading platforms 
  • Maximum leverage is only 1:300
  •  No passive investment programme or social trading platforms ( No PAMM, MAM accounts) 
  •  Does not accept US clients
  • Only CFD Trading 
  • High CFD spreads for certain Indices 
  • Spread betting only for UK residents

AxiTrader vs CMC Markets: Side-by-Side Comparison

AxiTrader
CMC Markets
Product
Founded In
Founded In
2007
1989
Founded By
Founded By
Rajesh Yohannan
Peter Andrew Cruddas, Baron Cruddas
Headquarters
Headquarters
Sydney, Australia
London, United Kingdom
Regulations
Regulations
ASIC, FCA, SVG, FSA, DFSA
FCA, MAS, ASIC
Min Deposit
Min Deposit
$0 for standard and pro accounts, 25,000 for Elite account.
None
Max Leverage
Max Leverage
500:1
1:500
Tradable Assets
Tradable Assets
220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices.
Forex , Indices, Share &ETFs, Commodities ,Cryptocurrencies, Treasuries
Fees
Fees
Spread from 0.9 pips (standard),Pro 0 pips, Elite 0 pips.
Spread from 0.5 pips on majors
Platforms and Tools
Platforms and Tools
MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps.
MT4 , Share trading platforms
US Traders
US Traders
Not Allowed
Not Allow

AxiTrader Vs CMC Markets: Our Scores and Ratings

We rated both brokers, AxiTrader and CMC Markets, 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.

AxiTrader :

8.7
Total Score
Regulation and Security (40%)9.2
Fees and Commissions (20%)9
Trading (15%)7.5
Trading tools (10%)7.4
Customer Support (10%)9.4
Trading Education (5%)9

CMC Markets:

9.0
CMC Markets Score
Regulation and Security (40%)9.7
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)9.5
Trading Education (5%)9

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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