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Do you want to know which is the better broker between Axi and SBI FXTRADE ?
In the table below, you can compare the features of Axi , SBI FXTRADE side by side to determine the best fit for your needs.
EURUSD:9.1
XAUUSD:18.78
EURUSD: -5.51 ~ 2.14
XAUUSD: -35.26 ~ 16.96
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of axicorp, sbi-fxtrade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Axi's the real deal, all regulated, with a bunch of over 220 trading options, forex, CFDs for stocks, indices, commodities, and even cryptocurrencies – they're all on the menu. They start at a $0 deposit, offer competitive spreads from 0.0 pips on major currencies, and here is the cool part: using ECN execution for direct market orders. As for the platform, it's none other than the legendary MetaTrader 4. With a touch of pride, they claim to have served more than 600,000 traders across 100 countries. Want to see if Axi's trading environment lives up to its claims? Time for some exploration!
Taking a look at Axi, we spot its share of upsides and downsides. Let's start with the bright side, it's got the backing of multiple solid financial authorities, a bunch of instruments you can trade, and they let you practice with demo accounts. Plus, they've got this MT4 platform thing going and some handy tools to help you trade smarter. They even speak different languages for customer support, and moving money in and out is easy, with no extra charges from them.
Now, here's the catch: Axi only works with investors from Australia and New Zealand. And, well, there've been a few stories about people having trouble with their money or some shady stuff.
Pros | Cons |
• Multiple regulation, FCA, ASIC, FMA, DFSA | • Withdrawal problems occurred sometimes |
• Wide range of trading assets and tools | • Trading platform limited to MT4 |
• Multiple account types including demo and Islamic accounts | • No 24/7 customer support |
• No minimum deposit, $0 to start | |
• Flexible trading leverage up to 500:1 | |
• Competitive trading costs | |
• MT4 supported | |
• Various payment methods | |
• Free VPS for the Elite account | |
• Multilingual customer support | |
• Rich educational resources |
Axi Key 10 Points | |
Founded in | 2007 |
Registered Country | Australia |
Regulation | ASIC, FCA, FMA, DFSA |
Market Instruments | Forex, Shares, Indices, Commodities, Cryptocurrencies |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | From 0.4 pips |
Trading Platforms | MT4, MT4 webtrader |
Minimum deposit | $0 |
Customer Support | 24/5 multilingual live chat, phone, email |
Axi (formerly AxiTrader) was founded in 2007 in Sydney, Australia, and has since expanded its presence to include offices in other regions, including Europe and the Middle East. AxiTrader welcomes all kinds of traders. If you're new and want to start without spending much, the $0 minimum deposit and easy platform are great. If you're more experienced, you'll like the many options to trade, good spreads, and quick execution. And for those inclined towards advanced features, Axi's ECN system and MetaTrader 4 platform are a notable combination.
Considering the pivotal aspect for brokers, that is regulation, it's indeed comforting to note that AxiTrader is under the oversight of regulatory bodies from four distinct nations. Among them, the UK's FCA and Australia's ASIC stand out as internationally acknowledged tier-1 regulatory authorities.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | Axi FINANCIAL SERVICES PTY LTD | Market Making (MM) | 318232 | |
FCA | Axi Financial Services (UK) Limited | Market Making (MM) | 466201 | |
FMA | Axi FINANCIAL SERVICES PTY LTD | Straight Through processing (STP) | 518226 | |
DFSA | Axi Financial Services Pty Ltd | Retail Forex | F003742 |
Advancing further, let's undertake a more detailed exploration of the regulatory licenses secured by Axi.
Axi's Australian entity, Axi FINANCIAL SERVICES PTY LTD, is regulated by ASIC under regulatory license number 318232, holding a license for Market Making (MM).
Notably, this license's credibility gains support from WikiFX's investigators. They physically traveled to the institution's registered address for thorough verification. At Level 10, 90 Arthur Street, North Sydney, NSW 2060, Australia, they found a functioning office, confirming the broker's operational status and significant scale. Behold, an image capturing the tangible office space of this company.
In addition to being regulated by ASIC, this entity is also regulated by the FMA in New Zealand, with regulatory number 518226, holding a license for Straight Through processing (STP).
Now, let's examine the third license. Axi's UK branch, known as Axi Financial Services (UK) Limited, is overseen by the FCA and has been granted regulatory license number 466201. This license permits them to engage in Market Making (MM) activities as well.
Lastly, Axi also follows regulations from the DFSA in the United Arab Emirates under regulatory number F003742, authorized for Retail Forex activities.
Trading Assets | Available |
Forex | |
Shares | |
Indices | |
Commodities | |
Cryptocurrencies | |
ETFS | |
Stocks | |
Options |
Axi (formerly AxiTrader) gives you access to about 220 trading choices across 5 categories: forex, shares, indices, commodities, and cryptocurrencies. Yet, there are also other popular picks for trading, like ETFs, stocks, and options.
AxiTrader offers three account types tailored to different trading needs, namely Standard, Pro, and Elite. The Standard Account has no setup cost and starts with spreads from 0.9 pips. The Pro Account tightens those spreads to 0.0 pips with a $7 round trip commission, while the Elite Account, designed for advanced traders, features 0.0 pips spreads and a reduced $3.50 round trip commission. All accounts support trading from 0.01 lots, mobile trading, and include MT4 NexGen. Leverage reaches up to 500:1, and you can choose base currencies among AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. For the Elite Account, a minimum deposit of USD 25,000 is required.
Standard Account | Pro Account | Elite Account | |
Setup cost | Free | ||
Spreads | From 0.4 pips | From 0.0 pips | |
Commission | None | $7 round trip | $3.50 round trip |
Minimum Trade Size | 0.01 lots | ||
Minimum deposit | $0 | $0 | $25,000 |
Products | 140+ FX pairs, Metals CFDs | ||
Pricing | 5 digit pricing | ||
Mobile trading | Yes | ||
MT4 NexGen | |||
Margin/Leverage | Up to 30:1 for Retail Clients | Up to 400:1 | |
Base account currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD | |
EA compatibility | Yes | ||
VPS | Free | ||
Autochartist | |||
myfxbook Autotrade | |||
Suitable for | All clients | Wholesale & Professional clients only |
Also, Axitrader gives users free demo accounts that last for 30 days and include $50,000 in virtual funds. Demo accounts offered by Axitrader shine in these areas:
Practice Trading: You get $50,000 in virtual money to practice trading however you like.
Personal Support: You'll have a dedicated Account Manager and support available 24/5 to help you.
Real-Time Info: You can see live spreads on the popular trading platform, MT4.
Live-Like Demo: The MetaTrader 4 Demo account mimics the real market, so you can practice effectively.
Switch to Real: When you're ready, you can turn your demo account into a real one by funding it.
Currency Options: You can choose your account's base currency from options like AUD, EUR, GBP, USD, CHF, and PLNX.
However, base currency cannot be changed once created.
Lastly, they even offer special Islamic trading accounts for Muslim traders that follow Shariah law.
The leverage offered by AxiTrader is capped at 500:1. This means that traders can open positions with a much larger amount than their initial investment. However, high leverage can also lead to significant losses if the trade does not go as expected. Traders should exercise caution and use proper risk management strategies when trading with high leverage. Axi provides educational resources and tools to help traders understand the risks associated with leverage and how to manage them effectively.
Broker | Maximum Leverage | Notes |
Axi | Up to 500:1 | Consistent maximum leverage across different accounts |
Exness | 1:2 to 1:Unlimited | Leverage varies based on account type and trading volume |
IC Markets | Up to 500:1 | Similar maximum leverage to Axi |
Avatrade | Up to 400:1 | Leverage depends on instrument and regulatory requirements |
Spreads and commissions with Axi are scaled with the accounts offered. Specifically, the spread starts from 0.4 pips on the Standard account, and 0.0 pips on the Pro and Elite account.
As for the commission, there is no commission on the Standard account, a commission of $7 round trip on the Pro account, and $3.5 round trip on the Elite account.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
AxiCorp | 0.4 pips | No |
Admiral Markets | 0.5 pips | No |
LiteForex | 0.9 pips | No |
FxPrimus | 0.2 pips | $10 per lot RT |
Note: Spread and commission information is subject to change, and the above table reflects the data available at the time of writing. Please always check with the broker for the most up-to-date information.
Axi offers traders the popular MetaTrader 4 (MT4) platform for desktop, mobile, and web. MT4 is a widely used platform that offers a wide range of charting and technical analysis tools, customizable indicators, and the ability to use automated trading strategies through Expert Advisors (EAs). The MT4 platform is available for download on PC and Mac computers, as well as on mobile devices for both iOS and Android.
Additionally, Axi offers the MT4 WebTrader, which allows traders to access the platform directly from their web browser without the need for any downloads or installations.
Overall, the availability of MT4 on multiple devices and the option to use EAs makes it a popular choice among traders.
Available Devices | PC, Mac, Mobile ( OS and Android) |
Language | English |
Scalping | |
Hedging | |
Automated Trading | |
One-click Execution | |
Web-based Trading | |
Mobile Trading | |
MT5 | |
cTrader | |
Proprietary Platform |
There are a range of trading tools designed to enhance the trading experience for its clients. These include Myfxbook Autotrade, which allows traders to follow and copy the trades of successful traders, MT4 signals which provide real-time trade ideas and analysis, MT4 VPS hosting which offers a dedicated virtual private server to ensure optimal performance and minimal downtime.
Additionally, the broker offers a suite of calculators to help traders with their risk management and trade analysis, such as Profit/Loss Calculator, Pip calculator, and Currency converter. These trading tools can be very helpful for traders to better understand their trades and manage their risk effectively.
AxiCorp | Most Other Brokers | |
Minimum Deposit | $0 | $100 |
AxiTrader stands out from other brokers as they don't require any money to start trading. Here's why it matters:
Easy Access: With no minimum deposit, anyone can join and trade. You don't need a lot of money upfront.
Less Risk: Starting with $0 means you're not risking much. It's great for beginners or anyone cautious about investing.
You Decide: You're in control. You can put in as much as you're comfortable with.
No Pressure: You don't feel pushed to deposit a certain amount. It's more relaxed and beginner-friendly.
Learn and Experiment: You can try different strategies and learn without needing a big investment upfront.
Axi welcomes traders to fund their accounts through the following payment methods: credit/debit cards, POLi and Bank Transfers, Skrill, Neteller, Fasapay, POLi, Cryptos, with no fees charged by Axi for any payment method. However, traders should be aware that some international banking institutions may charge fees for transfers, for which Axi accepts no responsibility.
Please also note that payments to Axi via credit/debit cards may be viewed as a cash advance by some banks, potentially incurring additional fees. Deposits made via credit/debit cards and POLi are processed instantly, while bank transfer deposits and withdrawals can take 1-3 business days to be processed.
Payment Methods | Currencies | Minimum Deposit | Minimum Withdrawal | Fee | Time |
AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD | 5 USD | N/A | Free* | Instant | |
AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD | 5 USD | N/A | Free* | Instant | |
CAD, EUR, GBP,PLN, USD | 5 USD | 5 USD | Free* | Instant | |
AUD, CAD, CHF, EUR, GBP,HKD, JPY, NZD, SGD, USD | N/A | 50 USD | Free | 1-3 days | |
AED, CAD, EUR, GBP,INR, USD | 5 EUR | 5 USD | Free | 1-3 days | |
Vary depending on countries | Free | 1-3 days | |||
IDR, USD | 5 EUR | 5 USD | Free | 1-3 days | |
N/A | 30 USD | 50 USD | Free | 1-3 days | |
N/A | 30 USD | 50 USD | Free | 1-3 days | |
BRL | 50 BRL | N/A | Free | Up to 12hrs | |
AUD | 5 AUD | N/A | Free | Instant |
Remember, these fees can change and might be different based on how you're making the payment. To stay updated, it's a smart move to reach out to the broker and get the most recent fee details before you decide to deposit or withdraw any funds.
Axi's customer service is comprehensive and available 24/5 in multiple languages, with live chat, phone, email, WhatsApp, and a help center. This means that clients can easily get in touch with the Axi support team whenever they need assistance or have any questions. The availability of multiple communication channels ensures that clients can choose the most convenient way to contact support.
Additionally, the Help Center offers a range of resources and frequently asked questions that can help clients find answers to their questions quickly and efficiently.
Overall, Axi's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/5 multilingual live chat support | • No 24/7 support |
• Help Center available | • No social networks |
• Customer service representatives are knowledgeable and friendly |
Axi makes learning easy with a variety of educational resources. If you're using the MT4 platform, their step-by-step video tutorials are there to guide you. They also offer Free eBooks, covering everything from basics to advanced topics. Stay updated on market trends through the Axi Blog, which features expert insights and daily analysis. For structured learning, the Axi Academy provides courses on forex, technical analysis, and risk management. If you're diving into cryptocurrencies, the Crypto Glossary will help you grasp the terms.
Educational Contents | Offered |
MT4 Video Tutorials | |
eBooks | |
Blog | |
Axi Academy | |
Crypto Glossary | |
Trading Glossary | |
Webinars |
All things considered, Axi is a well-regulated and reputable broker that offers a wide range of markets and instruments for trading, including forex, shares, indices, commodities, and cryptocurrencies. They also offer multiple account options, free demo accounts, and leverage up to 500:1. In addition, their MT4 trading platform is robust and feature-rich, with various tools and resources to support traders.
However, there have been reports of issues with withdrawals and scams. Overall, Axi is a good choice for experienced traders (Australian and New Zealand residents only) who are looking for a diverse range of trading opportunities and who prioritize a broker's reputation and regulation.
Q1: Is AxiCorp regulated?
A1: Yes. It is regulated by Australia Securities & Investment Commission (ASIC).
Q2: Does Axi accept US investors?
A2: No, Axi does not accept US investors.
Q3: Does AxiCorp offer demo accounts?
A3: Yes, demo accounts are available.
Q4: Does Axi offer the industry-standard MT4 & MT5?
A4: Yes. Axi only supports MT4.
Q5: What is the minimum deposit for AxiCorp?
A5: There is no minimum initial deposit requirement.
Q6: Is AxiCorp a good broker for beginners?
A6: Yes. AxiCorp is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement and competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
Information | Details |
Company Name | SBI FXTRADE |
Registered Country/Area | Japan |
Regulation | Financial Services Agency, Japan |
Minimum Deposit | 1,000 yen for Quick Deposits |
Spreads | Narrow Spreads |
Trading Platforms | Desktop and Mobile |
Tradable Assets | Forex (34 currency pairs) |
Demo Account | Available |
Deposit & Withdrawal | Quick Deposits, Normal Deposits, Deposits to SBI Shinsei Bank |
Educational Resources | Official YouTube channel |
SBI FXTRADE is a Forex broker and a part of the SBI Group, a leading online financial services company in Japan. Its service allows users to engage in foreign exchange (FX) margin trading. The platform offers real-time market information and various analysis tools, which can assist both novices and experienced traders in their decision-making process.
The SBI FXTRADE platform boasts of features such as narrow spreads and 24-hour trading. It also offers a demo account option for practice. Additionally, there is a user-friendly interface which simplifies the process of FX trading and a mobile application for trading on the go. It is essential to remember that just like any other type of trading and investment, forex trading involves certain risks which should be thoroughly understood before participating.
SBI FXTRADE is a regulated broker under the jurisdiction of Japan. The platform is licensed as a Retail Forex License holder and is overseen by the Financial Services Agency of Japan. The license number is 関東財務局長(金商)第2635号 and the official licensed institution is SBI FX トレード株式会社. The license was effectively granted on 13th April 2012. However, there is no shared email address of the licensed institution. It's crucial to trade with a regulated broker as it provides a certain level of security and oversight.
Pros | Cons |
An extensive range of 34 currency pairs for trading | Certain deposit options involve fees |
Offers Quick deposits starting from 1,000 yen with no fees | Some deposit methods may not reflect immediately |
Regulated by the Financial Services Agency | Forex and other forms of trading always carry inherent risks |
Provides a range of educational resources, including a YouTube channel for learning and updates | For Normal deposits and some other services, transfer fees will be borne by the customer |
Allows 24-hour trading | |
User-friendly interface | |
Offers a demo account for practice | |
Provides both desktop and mobile trading platforms |
Pros:
1. Wide Range of Trading Instruments: SBI FXTRADE offers an extensive range of 34 currency pairs for trading, making it an attractive platform for those who wish to diversify their trading portfolio.
2. Quick Deposits: The platform provides a quick deposit feature that starts from 1,000 yen with no associated fees.
3. Regulation: SBI FXTRADE is regulated by the Financial Services Agency of Japan, adding a higher level of security and trustworthiness.
5. User-Friendly Interface: The platform has a user-friendly interface that simplifies the process of FX trading, making it easier for beginner traders to navigate.
6. Demo Account: SBI FXTRADE provides a demo account which allows users to practice trading strategies before investing real money.
7. 24-Hour Service: The platform facilitates 24-hour trading, enabling traders to take advantage of global forex market hours.
8. Mobile Trading: SBI FXTRADE offers mobile trading platforms for users to trade on the go.
Cons:
1. Deposit Fees: While quick deposits are free, other deposit methods such as the “normal deposit” method have associated transfer fees that will be borne by the customer.
2. Delay in Reflection of Deposits: Certain deposit methods may not immediately reflect the deposited amount in the trading account. If any error occurs, the reflection of deposit will have to wait till the confirmation of payment receipt.
3. Fees on Some Services: For certain services, such as normal deposits, transfer fees will be borne by the customer.
SBI FXTRADE provides its users with the opportunity to trade in a total of 34 currency pairs. This offering is considered to be one of the highest in the industry, giving traders a wide range of options when it comes to choosing their trading instruments.
It signifies that traders have the opportunity to capitalize on the movements of various currencies ranging from major currency pairs to minor and exotic ones. However, it's always important for traders to understand the risks associated with each trading instrument before investing.
The first step would be to navigate to the “Complete application in” button at the top right side of the page.
Please enter your email address using the submit button that is below the “apply for a personal account” sign. An account opening application URL will be sent to the email address you entered.
Enter your name, date of birth, and current address as in the identity verification document. The user is required to have a Japanese “MyNumber” identification in order to continue to after this step.
After the information has been examined, SBI FXTRADE will determine if the account creation process will be completed.
SBI FXTRADE offers two different methods of depositing funds: quick deposits and normal deposits.
Quick deposits start from 1,000 yen, with no associated fees. It's important to note that applications cannot be accepted during maintenance times performed by the broker or financial institutions.
SBI FXTRADE provides several methods for depositing and withdrawing funds.
For making deposits, there are three methods available:
Quick deposits: This method allows clients to deposit funds starting from 1,000 yen with no associated fees. However, deposition isn't guaranteed to reflect immediately - errors might delay the reflection of the deposit.
Normal deposits: This involves a money transfer to a created “Customer Dedicated Deposit Account”. Note that transfer fees are borne by the customer unless they are an SBI Shinsei Bank account holder depositing into the “SBI Shinsei Bank account exclusively for SBI FX Trade”.
Deposit to SBI Shinsei Bank: This method involves a money transfer to the dedicated SBI Shinsei Bank account for SBI FX Trade. There are no transfer fees and the customer has to specify their login ID and first and last name in kana in the remittance name.
The following provides more details on deposit confirmation and conditions:
Payments can be confirmed on the transaction screen.
Payments may not reflect immediately as they need to be received and confirmed by the bank. This process can take some time during busy periods.
Deposit processing is done three times a day at 9:00, 13:00, and 15:30.
Shinsei Bank deposits will be reflected in the FX account and need to be transferred to the savings FX account or the crypto asset CFD account by the user.
SBI FXTRADE offers an array of contact channels enabling seamless and efficient communication:
Direct Phone Line: Enabling immediate assistance, the firm can be directly contacted via their dedicated line at +81 0120-982-417.
Official Web Portal: An exhaustive array of resources could be found on their official website, SBI FXTRADE.
Social Media Presence: Connect with them on Twitter for real-time updates and interactions. They also maintain an active online presence on Facebook and exclusive content on their dedicated YouTube channel.
SBI FXTRADE provides several educational resources for its traders:
Official YouTube Channel: SBI FXTRADE maintains an official YouTube channel where they share informative video content. This includes market news, tutorials, trading strategies, and explanations on various aspects of Forex trading.
Today's Exchange News: This is presumably a feature where recent news and events affecting the exchange market are discussed, providing insights to help traders make informed decisions.
Crypto Asset Market Information: This channel is maintained by SBI VC Trade, which is also a part of the SBI Group. It provides information related to the crypto asset market.
Please note that Forex trading and trading in general can be risky, so it's essential to fully understand these risk factors and strategies before investing. Educational resources are a starting point, but should not be the only source of knowledge or strategy formulation. Real-time experience, trading practice, and individual research are also critical components of trading education.
SBI FXTRADE, a premium trading firm, offers multiple features tailored towards assisting traders succeed. Key offerings include diverse deposit methods (featuring Quick Deposits), a wide array of trading instruments, a user-friendly platform, and well-developed educational resources. However, potential users should be aware of potential deposit fees and delays, and inherent trading risks.
Q: What are some educational resources that SBI FXTRADE provides for traders?
A: SBI FXTRADE offers a variety of educational resources, including a YouTube channel filled with market news, trading strategies, and other trading-related insights, a feature for recent market news, programs providing insights into alternative currencies to USD/JPY.
Q: How can users contact SBI FXTRADE?
A: SBI FXTRADE can be reached through their phone number (+81 0120-982-417), their official website, or their social media accounts on Twitter, Facebook, and YouTube.
Q: What are the unique features of SBI FXTRADE?
A: SBI FXTRADE offers quick deposits without any fees starting from 1,000 yen and is regulated by the Financial Services Agency of Japan for enhanced security.
Q: What cautions should be taken while using SBI FXTRADE or similar trading platform?
A: As with all types of trading and investment, forex trading involves inherent risks. Users should ensure they understand these risks thoroughly before participating.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive axicorp and sbi-fxtrade are, we first considered common fees for standard accounts. On axicorp, the average spread for the EUR/USD currency pair is 0.4 pips, while on sbi-fxtrade the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
axicorp is regulated by ASIC,FCA,FMA,DFSA. sbi-fxtrade is regulated by FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
axicorp provides trading platform including Standard Account,Professional Account,专业账户 and trading variety including --. sbi-fxtrade provides trading platform including -- and trading variety including --.