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AxiTrader vs UFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is AxiTrader better than UFX? 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. UFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingAxiTraderUFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars3 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools3.5 Stars4 Stars5 Stars
Mobile Trading3.5 Stars4 Stars5 Stars
Research3 Stars3 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score836799
Winnercheck_circle
ReviewIG Review
RegulationAxiTraderUFXIG
Trust Score836799
Year Founded200720111974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses207
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.
Tier-1 Licenses (High Trust)AxiTraderUFXIG
ASIC Authorised (Australia)YesNoYes
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.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)AxiTraderUFXIG
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)AxiTraderUFXIG
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
InvestmentsAxiTraderUFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)17561919537
Forex Pairs (Total)6549100
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).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).
CostAxiTraderUFXIG
Average Spread EUR/USD - StandardN/A3 (Jan 2021)0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A2 (Jan 2021)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesNoYes
FundingAxiTraderUFXIG
Minimum Initial Deposit0$100ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsAxiTraderUFXIG
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeYesNoNo
Trading ToolsAxiTraderUFXIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)3011633
Charting - Drawing Tools (Total)151720
Charting - Trade From ChartYesNoYes
Charts can be savedYesYesYes
Mobile TradingAxiTraderUFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoYesYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarNoYesYes
ResearchAxiTraderUFXIG
Daily Market CommentaryNoNoYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistYesNoYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationAxiTraderUFXIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)NoNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsAxiTraderUFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewIG Review
OverallAxiTraderUFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars3 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools3.5 Stars4 Stars5 Stars
Mobile Trading3.5 Stars4 Stars5 Stars
Research3 Stars3 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score836799
Winnercheck_circle
ReviewIG Review
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AxiTrader vs UFX 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 UFX.

Does AxiTrader or UFX 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 UFX 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. AxiTrader holds 2 global Tier-1 licenses, while UFX holds 0. Both AxiTrader and UFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, AxiTrader earned a higher Trust Score than UFX.

Which trading platform is better: AxiTrader or UFX?

To compare the trading platforms of both AxiTrader and UFX, 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 UFX offer MetaTrader 4 (MT4).AxiTrader and UFX 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 UFX's 49 available pairs. Forex pairs aside, UFX offers traders access to 619 CFDs while AxiTrader has 175 available CFDs, a difference of 444.

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 UFX?

UFX is not publicly traded and does not operate a bank. UFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

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 UFX good?

UFX offers the full MetaTrader suite and its own proprietary platform, as well as a growing selection of markets. That being said, spreads are much wider than the industry average, and as UFX holds just one regulatory license, its trust factor is well below the industry average.

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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