Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare AxiTrader vs CMC Markets.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. CMC Markets received a rating of 5.00 stars over AxiTrader's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. AxiTrader and CMC Markets both are regulated in a major hub. CMC Markets is a publicly traded company while AxiTrader is not. How many currency pairs are available to trade? AxiTrader trails CMC Markets by 130 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and AxiTrader offering 53.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AxiTrader makes Meta Trader available to clients, while CMC Markets does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. CMC Markets trails AxiTrader by 7 total charting tools, with AxiTrader offering 31 and CMC Markets offering 24. CMC Markets boasts an offering of 74 different indicators (for example, moving averages) compared to AxiTrader's 51 available indicators.
Overall, CMC Markets comes out on top with 4.50 stars over AxiTrader's 3.50 stars. And, when it comes to individual category awards, CMC Markets posted awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while AxiTrader found itself with none of these.