AxiTrader and CMC Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. AxiTrader is regulated by 5 regulatory authorities, including the ASIC, SVG, FSA, DFSA, FCA. On the other hand, CMC Markets is regulated by 10 regulatory authorities, including ASIC, FCA, IIROC, FFAJ, MFSA, MAS, CFTC, NFA, and BVI FSC. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare AxiTrader with CMC Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if AxiTrader is better than CMC Markets. This comparison lets you understand which broker is better for your trading style and preferences.
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. To learn more, you can read our review of AXI
AxiTrader At a Glance
- Founded In: 2007
- Founder: Rajesh Yohannan
- Headquarters: Sydney, Australia
- 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 platform, MetaTrader (MT4), as its trading platform.
- 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 Features
- 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
CMC Markets
- Trading Instruments: 12000+ trading instruments including forex, indices, Cryptocurrencies, Commodities, Shares, Share baskets, Treasuries, etc
- Maximum leverage: Up to 30:1 ( FCA, ASIC), up to 1:50 (IIROC), and up to 500:1 for a professional account.
- Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement.
- Account Types: Three (Spread Betting Account, CFD Account, Corporate Account)
- Trading Fees: only Spread is charged (Commission is only for Shares account). Variable spreads from 0.3 pips. A rollover commission is applied on open positions overnight. For the Shares account commission starts from $7.
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
AxiTrader vs CMC Markets: Pros and Cons
AxiTrader
- 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)
- 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
- 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
- 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 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 :
CMC Markets:
Final Verdict :
AxiTrader and CMC Markets 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 AxiTrader is $0 , whereas the minimum deposit for CMC Markets is $0. Additionally, the maximum leverage for AxiTrader is 1:400. In contrast, the maximum leverage for CMC Markets is 500:1. AxiTrader offers passive investment programs like MAM and PAMM, while CMC Markets does not have any passive investment programs.
Our score for AxiTrader is 8.7, and for CMC Markets, it is 8.8 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose AxiTrader. However, if you prefer another forex brokers that offer similar services, you may choose CMC Markets.
