FP Markets 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. FP Markets is regulated by 5 regulatory authorities , including the ASIC, CySEC, FSA, FSCA, SVG, On the other hand, 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 FP Markets with AxiTrader regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if FP Markets is better than AxiTrader. This comparison lets you understand which broker is better for your trading style and preferences.
FP Markets vs AxiTrader: In a Nutshell
FP Markets
Established in 2005, FP Markets is an Australian-based forex and CFD broker that offers online trading services worldwide. It is a global brand regulated by multiple authorities, including ASIC, CySEC, SVG, FSA, and FSCA. The broker provides traders access to more than 10,000 trading instruments on its four platforms: MT4, MT5, IREAA, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, and more. FP Markets is a low-cost forex broker with spreads as low as 0.0 pips. To learn more, you can read our review about FP Markets.
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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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FP Markets vs: AxiTrader Features
FP Markets:
- Trading Instruments: 10000+ trading instruments including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 1:500
- Minimum Deposit: 100 AUS or equivalent.
- Account Types: Offers 2 account types: Standard, Raw
- Fees: starting from 1.0 pips for a standard account, $3.5 commission on Raw account per side
- PAMM/ MAM: Yes,
- Zulutrade: Yes
- 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
FP Markets vs AxiTrader: Pros and Cons
FP Markets
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AxiTrader
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FP Markets vs AxiTrader: Side-by-Side Comparison
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FP Markets Vs AxiTrader: Our Scores and Ratings
We rated both brokers, FP Markets 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.
FP Markets :
AxiTrader
Final Verdict :
FP Markets 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 FP Markets is $100, whereas the minimum deposit for AxiTrader is $0. Additionally, the maximum leverage for FP Markets is 1:500. In contrast, the maximum leverage for AxiTrader is 1:400. FP Markets offers passive investment programs like MAM and PAMM, while AxiTrader does not have any passive investment programs.
Our score for FP Markets is 9.2, 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 FP Markets. However, if you prefer another forex brokers that offer similar services, you may choose AxiTrader.
