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 Coinbase.
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. AxiTrader received a rating of 3.50 stars over Coinbase's 2.50 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 is regulated in a major hub, Coinbase isn't. AxiTrader nor Coinbase are publicly traded companies. How many currency pairs are available to trade? AxiTrader offers its clients access to 53 different currency pairs while Coinbase has available pairs, a difference of 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 offers Meta Trader while Coinbase does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Coinbase trails AxiTrader by 31 total charting tools, with AxiTrader offering 31 and Coinbase offering . AxiTrader boasts an offering of 51 different indicators (for example, moving averages) compared to Coinbase's available indicators.
Overall, both AxiTrader and Coinbase are rated 3.50 stars. And, when it comes to individual category awards, both AxiTrader and Coinbase found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.