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FXCM vs Axi 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FXCM vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FXCM
4.5/5 Stars Overall
  • Minimum Deposit: Starts from $50
  • Trust Score: 95
  • Tradeable Symbols (Total): 440
Axi
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 82
  • Tradeable Symbols (Total): 175

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

FXCM, established in 1999, and Axi, founded in 2007, are two online brokerage firms that cater to traders worldwide. An essential factor when choosing a broker is their Trust Score, a metric provided by ForexBrokers.com that ranges from 90-99 for highly trusted brokers to below 59 for those not recommended. FXCM boasts an impressive Trust Score of 95, positioning it as a highly trusted broker. In contrast, Axi's Trust Score of 82 places it in the 'trusted' category. Both brokers are not banks, but FXCM is unique as it is publicly traded, adding an extra layer of transparency to its operations.

Another crucial aspect is regulatory compliance. FXCM holds four Tier-1 licenses, indicating a high level of trust, while Axi holds two Tier-1 licenses. Further, FXCM also has two Tier-2 licenses, compared to Axi's one, highlighting FXCM's broader regulatory approval. For traders evaluating these brokers based on regulatory confidence and public transparency, FXCM offers a more established and widely trusted option compared to Axi.

Feature FXCM logoFXCM
Axi logoAxi
Year Founded info 1999 2007
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

When comparing FXCM and Axi on their commissions and fees, both brokers receive a solid four-star rating. However, FXCM ranks a bit higher in the industry, positioned at #24 out of 63 brokers, while Axi trails at #43. FXCM's pricing for forex trading is slightly above industry norms. For standard accounts, their average spread for EUR/USD during May 2024 was 0.78 pips for EU, U.K., and Australia clients, but a heftier 1.38 pips for St. Vincent and the Grenadines accounts. Their commission-based accounts offer lower spreads, averaging 0.28 pips, excluding commissions. Although spreads can increase during rollover periods or volatile market conditions, active traders can benefit from substantial discounts depending on trade volume and location.

FXCM provides an Active Trader Rebate Program, not available in the U.K. or EU, with rebates that range from $5 to $25 per million traded based on monthly trading volumes and tiers. Their effective spreads tend to be about 0.74 pips after accounting for commissions, which places them competitively, albeit not at the top, compared to brokers like Tickmill and FP Markets. Active traders with higher monthly trading volumes can receive deeper discounts, significantly reducing effective spreads.

Meanwhile, data on Axi's average spreads isn't readily available, making direct comparisons challenging. Nonetheless, their four-star rating indicates a competitive offering within the forex trading sphere. While both FXCM and Axi maintain strong reputations with similar ratings, FXCM's detailed tiered programs and ranked assessment suggest they might be slightly more advantageous for active traders seeking discounted trading costs.

Feature FXCM logoFXCM
Axi logoAxi
Minimum Deposit info Starts from $50 $0
Average Spread EUR/USD - Standard info 0.78 info N/A info
All-in Cost EUR/USD - Active info 0.78 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

FXCM and Axi are both popular online brokers that cater to forex traders and more. FXCM provides an impressive total of 440 tradeable symbols, allowing investors to engage in diverse market activities. The platform offers 43 forex pairs and enables traders to explore cryptocurrency derivatives, although it does not deal in actual cryptocurrencies. Notably, FXCM does not provide access to exchange-traded securities, such as individual shares on U.S. or international exchanges. Additionally, FXCM offers copy trading capabilities, making it an appealing option for those who prefer to mirror the strategies of more experienced traders. It boasts a 3.5-star rating for its range of investments and ranks #47 among 63 brokers as per ForexBrokers.com.

In comparison, Axi offers 175 tradeable symbols, including a notable selection of 65 forex pairs, which is slightly more than what FXCM offers in this specific category. Like FXCM, Axi supports trading in cryptocurrency derivatives but does not deal with actual cryptocurrencies or exchange-traded securities. Axi also features copy trading, allowing ease of investment for beginners and those who seek automated strategies. Axi matches FXCM's 3.5-star rating in the range of investments category, yet it secures the #56 spot out of 63 on ForexBrokers.com. Both platforms offer a substantial array of investment options suitable for novice and seasoned traders alike.

Feature FXCM logoFXCM
Axi logoAxi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 175
Forex Pairs (Total) info 43 info 65
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

FXCM and Axi both provide traders with virtual demo accounts, enabling beginners to practice without risk. While FXCM shines with its own proprietary platform, Axi does not offer one developed in-house. Both brokers support Windows-based desktop platforms and web-based trading, ensuring accessibility from various devices. Popular copy trading services like ZuluTrade are available with both brokers, alongside the well-known MetaTrader 4 (MT4) platform. However, traders looking for the upgraded MetaTrader 5 (MT5) will not find support with either FXCM or Axi. Despite sharing these features, FXCM stands out with a wider range of columns available for watch lists, offering more customization compared to Axi.

When it comes to trading directly from stock charts, both FXCM and Axi make this possible. However, the brokers diverge in the number of drawing tools, where Axi offers 15 compared to FXCM's 10. Ultimately, FXCM has earned a higher rating of 5 stars for its trading platforms and tools, reflecting its superior offerings that contribute to its ranking as 6th among 63 brokers by ForexBrokers.com. In contrast, Axi holds a 3.5-star rating and ranks 63rd, highlighting a notable difference in user satisfaction and tool quality between the two brokers.

Feature FXCM logoFXCM
Axi logoAxi
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info Yes info Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Drawing Tools (Total) info 10 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 13 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both FXCM and Axi offer mobile trading apps for iPhone and Android users, allowing traders to manage their investments on-the-go. However, when comparing their features, FXCM stands out by providing watchlist symbol syncing, which means any changes made to watchlists on either the mobile app or online account automatically sync. This feature is missing in Axi's app. FXCM also offers users a more extensive array of technical studies, with 59 options compared to Axi's 30. Both platforms support drawing trendlines and viewing multiple time frames on charts, although only FXCM ensures that any drawings made are automatically saved, a feature not available with Axi.

When it comes to watchlists, both apps allow you to create them with real-time quotes. However, trader reviews highlight FXCM's strength, with a solid 4.5-star rating for its mobile app, reflecting broader user satisfaction. In comparison, Axi's app holds a 3.5-star rating. Ranking-wise, FXCM is positioned at #16 out of 63 brokers for mobile trading by ForexBrokers.com, while Axi lags behind at #59, further showcasing FXCM's superior mobile trading experience.

Feature FXCM logoFXCM
Axi logoAxi
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When choosing between FXCM and Axi for market research, FXCM stands out with its daily market commentary and forex news sourced from top-tier platforms like Bloomberg and Reuters, providing comprehensive market insights. While both brokers offer sentiment-based trading tools and economic calendars, FXCM further enhances its research offerings with tools from Trading Central and market insights from TipRanks, absent in Axi's toolkit. In contrast, Axi distinguishes itself by providing technical analysis tools from Autochartist.

In terms of research quality, FXCM holds a higher rating of 4.5 stars and ranks 11th out of 63 brokers on ForexBrokers.com, reflecting its strong emphasis on providing valuable market insights. Axi, on the other hand, has a 3-star rating and ranks 55th, indicating a more limited research capability. While both brokers deliver essential market analysis, FXCM seems to offer a more comprehensive suite of tools and resources for traders seeking detailed market research.

Feature FXCM logoFXCM
Axi logoAxi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info Yes No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners seeking educational resources on trading, both FXCM and Axi offer materials to help you understand forex and CFDs. FXCM excels with a wide range of learning content, including over ten educational videos tailored specifically for beginners, and extends its offerings to advanced traders with more than ten advanced videos. On the other hand, while Axi also provides over ten beginner videos, it falls short in offering advanced educational content. Both brokers conduct monthly live webinars, allowing for interactive learning experiences. However, if you miss a webinar, FXCM provides a searchable archive of past sessions, which Axi does not.

Apart from videos and webinars, both brokers offer an investor dictionary boasting definitions of over 50 investing terms, a handy resource for new traders. When considering education ratings, FXCM stands out with a 4.5-star rating, ranking 14th out of 63 brokers reviewed by ForexBrokers.com. Axi, in comparison, holds a 3-star education rating and is positioned 27th in the same category. This makes FXCM a stronger choice for comprehensive learning support, especially for those seeking both beginner and advanced educational materials.

Feature FXCM logoFXCM
Axi logoAxi
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than Axi. FXCM finished with an overall rank of #15, while Axi finished with an overall rank of #49.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Feature FXCM logoFXCM
Axi logoAxi
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 95 82
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with FXCM or Axi?

Both FXCM and Axi do not offer the ability to buy actual delivered cryptocurrency, but they each provide the option to trade cryptocurrency derivatives.

What funding options does each broker offer?

In comparing online brokers FXCM and Axi, FXCM stands out by offering a wider range of deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while Axi offers Skrill, Visa or Mastercard, and bank wires, but does not support ACH or SEPA transfers or PayPal.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

0 of 5
Overall Rating FXCM Axi
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 82
Winner check_circle
Review FXCM Review
Broker Screenshots FXCM Axi
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FXCM Axi
Trust Score info 95 82
Year Founded info 1999 2007
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) FXCM Axi
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FXCM Axi
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info Yes No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FXCM Axi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 175
Forex Pairs (Total) info 43 info 65
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost FXCM Axi
Average Spread EUR/USD - Standard info 0.78 info N/A info
All-in Cost EUR/USD - Active info 0.78 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding FXCM Axi
Minimum Deposit info Starts from $50 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms FXCM Axi
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info Yes info Yes
Trading Tools FXCM Axi
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 13 7
Charting - Indicators / Studies (Total) info 115 30
Charting - Drawing Tools (Total) info 10 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FXCM Axi
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research FXCM Axi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info Yes No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FXCM Axi
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FXCM Axi
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FXCM Review
Overall FXCM Axi
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 82
Winner check_circle
Review FXCM Review
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