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AxiTrader vs FXOpen 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is AxiTrader better than FXOpen? In our analysis of 23 international regulators across 39 of the best forex brokers, AxiTrader is considered average-risk, with an overall Trust Score of 83 out of 99. FXOpen is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingAxiTraderFXOpenIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments3.5 Stars3 Stars5 Stars
Platform & Tools3.5 Stars4 Stars5 Stars
Mobile Trading3.5 Stars4 Stars5 Stars
Research3 Stars3 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score838099
Winnercheck_circle
ReviewIG Review
RegulationAxiTraderFXOpenIG
Trust Score838099
Year Founded200720031974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses227
Tier-2 Licenses112
Tier-3 Licenses001
Authorised in European UnionNoYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)AxiTraderFXOpenIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)AxiTraderFXOpenIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)AxiTraderFXOpenIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsAxiTraderFXOpenIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1758719537
Forex Pairs (Total)6525100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).
CostAxiTraderFXOpenIG
Average Spread EUR/USD - StandardN/AN/A0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/AN/A0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesYesYes
FundingAxiTraderFXOpenIG
Minimum Initial Deposit0$100ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsAxiTraderFXOpenIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeYesYesNo
Trading ToolsAxiTraderFXOpenIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingAxiTraderFXOpenIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarNoYesYes
ResearchAxiTraderFXOpenIG
Daily Market CommentaryNoYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistYesNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationAxiTraderFXOpenIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)NoNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsAxiTraderFXOpenIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewIG Review
OverallAxiTraderFXOpenIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments3.5 Stars3 Stars5 Stars
Platform & Tools3.5 Stars4 Stars5 Stars
Mobile Trading3.5 Stars4 Stars5 Stars
Research3 Stars3 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score838099
Winnercheck_circle
ReviewIG Review
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AxiTrader vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare AxiTrader vs FXOpen.

Does AxiTrader or FXOpen offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is AxiTrader or FXOpen safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both AxiTrader and FXOpen hold 2 global Tier-1 licenses. Both AxiTrader and FXOpen hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, AxiTrader earned a higher Trust Score than FXOpen.

Which trading platform is better: AxiTrader or FXOpen?

To compare the trading platforms of both AxiTrader and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both AxiTrader and FXOpen offer MetaTrader 4 (MT4).AxiTrader and FXOpen both offer copy trading.

How many forex pairs and CFDs are available to trade?

AxiTrader provides traders 65 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, AxiTrader offers traders access to 175 CFDs while FXOpen has 87 available CFDs, a difference of 88.

Can I trust AxiTrader?

AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). AxiTrader is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust FXOpen?

FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is AxiTrader good?

The Axi brand, formerly known as AxiTrader, is regulated primarily in the U.K., Australia, and the UAE. Axi is a MetaTrader-only broker, with a limited range of available markets.

Is FXOpen good?

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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