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Do you want to know which is the better broker between Axi and Yuanta Futures ?
In the table below, you can compare the features of Axi , Yuanta Futures 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, yuanta-futures 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.
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
Yuanta Futures Review Summary | |
Registered Country/Region | Taiwan |
Regulation | TPEx |
EUR/USD Spread | N/A |
Trading Platforms | the cutting-edge Yuanta Futures Wizard app |
Minimum Deposit | N/A |
Customer Support | telephone, Facebook, Line |
Yuanta Futures Co., Ltd is a Taiwan-based business that specializes in futures brokerage and proprietary trading. It was established in 2011. The company runs its businesses through futures brokerage, which includes domestic futures brokerage, domestic options brokerage, offshore futures brokerage, and offshore option brokerage services; proprietary business, which involves trading in securities, futures, and options, among other things; consultancy services, which include futures market analysis and advices, futures-related book publishing and seminars, as well as futures managing services, proprietary trading, and other businesses. TPEx has granted Yuanta Futures Co., Ltd authorization and regulation; nevertheless, the entire scope of its regulatory license has not been made public.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
• Flexible and Convenient Platform | • Limited Information for Evaluation |
• Valid regulation | • Limited information on the websiite |
• Many years' experience in the industry | • A report of withdraw difficulty |
• Good customer support |
There are many alternative brokers to Yuanta Futures depending on the specific needs and preferences of the trader. Some popular options include:
GF Futures - A highly regarded futures broker known for its comprehensive range of services and expertise, making it a reliable choice for clients seeking reliable futures brokerage solutions.
HUISHANG FUTURES - A prominent futures broker that stands out for its strong research capabilities and customer-focused approach, making it a recommended option for investors seeking in-depth market analysis and personalized support.
HUALIAN FUTURES - A well-established futures broker known for its robust technological infrastructure and user-friendly platforms, making it a recommended choice for clients looking for advanced trading tools and a seamless trading experience.
Yuanta Futures operates under the regulation of TPEx (Taipei Exchange), which provides a level of oversight and compliance to their operations. However, it is important to note that there have been reports from users encountering difficulties with fund withdrawals and incidents related to potential scams associated with Yuanta Futures. These reports raise concerns and highlight the need for caution when considering Yuanta Futures as a trading option.
Futures Introducing Broker (IB)
Yuanta Futures IB business has 21 clients, including Yuanta Securities, Taiwan Cooperative Securities, Kuanz Ho Securities, Taichung Bank Securities, Fenglong Securities, and others, as well as five clearing houses including Yuanta Securities, Optiver Taiwan, and Oriental Securities Corporation; additionally, with a convenient network of electronic channels (mobile phone app and internet platform), Yuanta Futures provides service without boundaries.
FINI Department
The team at Yuanta Futures offers top-notch services to foreign institutional investors. These services include domestic agent services, manual order placement, a variety of quick and secure electronic order placement platforms, and tailored after-hours reports to fulfill the specific requirements of all of our FINI clients.
Leverage Transaction Merchant
Yuanta Futures claims to offer clients and institutional investors a wide variety of profit and hedging channels because Yuanta Futures was the first to introduce foreign currency margin trading. The broker provide services in more than thirty foreign currencies, as well as program trading strategies, and on the basis of our advantages as a leading brand in options and long-term development of foreign exchange futures. In the future, Yuanta will work to gradually introduce the buying of Taiwan stock options, forward contracts, option contracts, exchange contracts, contracts for difference, and other related products, or combination contracts, like links to fixed income products, as the regulatory authorities continue to open the market.
Yuanta Futures offers a flexible and convenient electronic operating platform - the cutting-edge Yuanta Futures Wizard app - providing consumers a fresh program trading experience. Yuanta Futures has Taiwan's strongest sales force and a wealth of professional expertise. Yuanta Futures has attempted to dispel the mystique and danger that previously surrounded the futures market and create a new age of riches and stability for its clients.
See the trading platform comparison table below:
Broker | Trading Platforms |
Yuanta Futures | the cutting-edge Yuanta Futures Wizard app |
Degiro | web-based trading platform |
IG | web and mobile trading platforms |
Avatrade | AvatradeGO, MT4/MT5 |
On our website, you can see reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.
The Yuanta Futures customer support can be reached through telephone: 886-2-23261000 / 0800-333-338, as well as Facebook and Line.
Address: 3F., No. 77, Sec. 2, Nanjing E. Rd., Zhongshan Dist., Taipei City 104089 , Taiwan (R.O.C.).
In conclusion, the current situation surrounding Yuanta Futures raises significant concerns regarding the ability to withdraw funds associated with the company. While Yuanta Futures operates under the regulation of TPEx, the alleged difficulties in the withdrawal process have eroded trust and confidence among investors.
It is crucial for regulatory authorities to thoroughly investigate these reports and take appropriate actions to protect the interests of investors and uphold the integrity of the financial market. Addressing these concerns is paramount to restoring trust in Yuanta Futures as a reliable financial institution.
Q1: What is the regulatory authority overseeing Yuanta Futures' operations?
A1: Yuanta Futures is regulated by TPEx (Taiwan Stock Exchange).
Q2: How can customers contact Yuanta Futures' customer support?
A2: Customers can reach Yuanta Futures' customer support through telephone at 886-2-23261000 / 0800-333-338. They can also contact customer support through Facebook and Line.
Q3: What is the electronic operating platform provided by Yuanta Futures?
A3: Yuanta Futures offers the Yuanta Futures Wizard app, which is a flexible and convenient electronic operating platform designed to enhance the trading experience for users.
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 yuanta-futures 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 yuanta-futures 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. yuanta-futures is regulated by TPEx.
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 --. yuanta-futures provides trading platform including -- and trading variety including --.