AxiTrader vs EagleFX Compared 2024

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AxiTrader and EagleFX are online forex brokers that offer their trading services to traders and investors. AxiTrader is a highly regulated and trusted forex broker. It is regulated by multiple regulatory authorities including ASIC, SVG, FSA, DFSA,FCA. On the other hand, EagleFX is an offshore forex broker which is not regulated by any regulatory bodies. Both the brokers have their own strengths and weaknesses.  

In this article, we will review and compare the brokerage services offered by AxiTrader and EagleFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.

AxiTrader vs EagleFX: 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

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

EagleFX

Though EagleFX is unregulated, it asserts that clients’ Bitcoin deposits are safely stored in a cold storage location. Bitcoin is the primary payment option used by EagleFX. You can start trading with just $10 on its MT4 platforms and enjoy deep liquidity, tight spreads, and speedy STP executions.

Eaglefx Overview
  • Founded In: 2019
  • Minimum Deposit: $10
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4 , Webtrader
  • Account Types: 
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin
  • US Traders: Currently Not Accepted. However, Old traders can still trade. 

AxiTrader vs: EagleFX Features

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

EagleFX

  • Trading Instruments: 100+ instruments including Forex, commodities, stocks, indices, futures and cryptocurrencies  
  • Maximum leverage: 500:1
  • Minimum Deposit: $10
  • Account Types: Three ( Standard, Demo, Islamic Account) 
  • Trading Fees: Variable Spread or commission $4 
  • PAMM/ MAM:  Not Available
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

AxiTrader vs EagleFX: 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

EagleFX

Pros
  • The maximum leverage is as high as 1:500
  • The minimum deposit is as low as $10
  • Scalping Hedging, News trading, and the use of trading robots are allowed 
  • Speedy STP trade executions in less than a second. 
  • Over 150 trading instruments can be traded on the platforms. 
  • Offers free demo accounts 
  • The round-turn commission is $6, which is low and competitive compared to others.  
  • Zero Fees on Deposit and Withdrawal 
  • Offers Crypto CFD Trading 
Cons
  •  The broker is not regulated 
  •  No investor protection scheme for traders 
  • No managed accounts, social trading, or any provision for investors. 
  • Limited Deposit and Withdrawal Options 
  • Ctrader, Zulutrade, and Tradingview are not available 
  • There are no educational resources

AxiTrader vs EagleFX: Side-by-Side Comparison

AxiTrader
EagleFX
Product
Product
AxiTrader
EagleFX
Founded In
Founded In
2007
2019
Founded By
Founded By
Rajesh Yohannan
Not Found
Headquarters
Headquarters
Sydney, Australia
Roseau Valley 00152, Dominica
Regulations
Regulations
ASIC, FCA, SVG, FSA, DFSA
None
Min Deposit
Min Deposit
$0 for standard and pro accounts, 25,000 for Elite account.
$10
Max Leverage
Max Leverage
400:1
500:1
Tradable Assets
Tradable Assets
220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices.
Currencies , Cryptocurrencies, Commodities , Stocks , Indices , Futures
Fees
Fees
Spread starting from 0.9 pips or commission from $3.5 to $7
Spread from
Platforms and Tools
Platforms and Tools
MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps.
MT4 , WebTrader
US Traders
US Traders
Not Allowed
Allowed

AxiTrader Vs EagleFX: Our Scores and Ratings

We rated both brokers, AxiTrader and EagleFX, 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

EagleFX:

3.4
EagleFx Scores
Regulation and Security (40%)1.8
Fees and Commissions (20%)6.5
Trading (15%)5
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)1

Final Verdict :

Both AxiTrader and EagleFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. AxiTrader is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including ASIC, SVG, FSA, DFSA,FCA. On the other hand, EagleFX is an unregulated offshore forex broker. AxiTrader provides Multiple trading platforms including Axi Trading Platform (NEW),Copy Trading App,Trading Tools,Trading Calculators and more. On the Contrary, EagleFX does not offer MT4/MT5. It uses only TradeLocker as its trading platform. 

As AxiTrader is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, EagleFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for AxiTrader, while US traders looking for offshore forex brokers may consider EagleFX. Trading with offshore forex brokers is always risky

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.

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