AxiTrader and Interactive Brokers 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, Interactive Brokers is regulated by 9 regulatory authorities, including SEC, CFTC ,FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare AxiTrader with Interactive Brokers regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if AxiTrader is better than Etoro and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
AxiTrader vs Interactive Brokers: 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
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Interactive Brokers
Founded in New York, USA in 1978 by Thomas Peterffy, Interactive Brokers has grown into a global brand with over 2.1 million clients. It is an American Multinational brokerage firm headquartered in Greenwich, Connecticut. It has become one of the leading online trading solutions for traders, investors, and advisors. The brokers give access to over 5000+ tradable assets including forex, CFDs, warrants, ETFs Options, Futures, Mutual Funds, and Bonds. To trade online, IBKR offers WebTrader, FIX API, MobileTrader (MobileApp), and TWS trading platforms. To learn more about IBKR, you can read our review of Interactive Brokers
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AxiTrader vs: Interactive Brokers 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
Interactive Brokers
- Trading Instruments: 5000+Trading instruments including forex, CFDs, warrants, ETFs Options, Futures, Mutual Funds, stocks, options, and Bonds
- Maximum leverage: 50:1 for US Clients, 30:1 for EU clients, and 400:1 for global clients.
- Minimum Deposit: The Interactive Brokers minimum deposit is $0 for a cash account, $2,000 for a T Reg margin account, and $110,000 for a portfolio margin account. The minimum deposit is subject to change depending on the trading account opened and the base currency selected.
- Trading Fees: spreads starting from as low as 0.1 pips, Stock fees USD 0.005 per share.
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed with Capitalise.ai
AxiTrader vs Interactive Brokers: Pros and Cons
AxiTrader
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Interactive Brokers
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AxiTrader vs Interactive Brokers: Side-by-Side Comparison
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AxiTrader Vs Interactive Brokers: Our Scores and Ratings
We rated both brokers, AxiTrader and Interactive Brokers, 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 :
Interactive Brokers:
Final Verdict :
AxiTrader and Interactive Brokers 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 Interactive Brokers is $0. Additionally, the maximum leverage for AxiTrader is 1:400. In contrast, the maximum leverage for Interactive Brokers is 500:1. AxiTrader offers passive investment programs like MAM and PAMM, while Interactive Brokers does not have any passive investment programs.
Our score for AxiTrader is 8.7, and for Interactive Brokers, it is 9.1 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 Interactive Brokers.
