Both brokers are well regulated and accessible, but their approaches diverge on pricing depth and trading platforms. The tension centers on cost, instrument range, and charting features.
ATFX and Axi are closely matched, but Axi offers raw spreads that ATFX lacks.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Axi offers tighter spreads from 0.00 pips vs 1.80 pips for ATFX, reducing trading costs.
| Editorial score | 4.2/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
Pros
FCA (UK), CySEC (EU), and FSCA (SA) licensing
300+ instruments including ETF CFDs and bond CFDs
FSCS protection up to GBP 85,000 for UK clients
No minimum deposit, no inactivity fee
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ATFX | Axi |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: ATFX rates 4.2/5 and Axi rates 4.1/5. ATFX has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Axi starts from 0 pips, tighter than ATFX's 1.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither ATFX nor Axi requires a minimum deposit, making both accessible regardless of starting capital.
Both ATFX and Axi hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
ATFX lists maximum leverage of 400:1, while Axi lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Axi charges $7 per lot on commission-based accounts. Commission details for ATFX are not currently available. Check their website for up-to-date pricing.
ATFX supports MetaTrader 4, while Axi supports DXtrade, MetaTrader 4. Both provide MetaTrader 4. Axi has exclusive access to DXtrade.
ATFX wins for safety due to FSCS protection and multi-regulatory licensing.
Axi wins for active traders with raw spreads and MT4 EA support.
Axi is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
ATFX wins for beginners with MT4 familiarity and no minimum deposit.
Fees & Spreads 30% weight | 3.8 / 5 | 4.2 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 3.9 / 5▲ |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 3.9 / 5 |
|---|
| Founded | 2017 | 2007 |
|---|
| Headquarters | London, United Kingdom | Sydney, Australia |
|---|
| Min Deposit | No minimum | No minimum |
|---|
| Spreads From | 1.8 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $7/lot |
|---|
| N/A | 0.7 pips |
| Max Leverage | 400:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA FSCA CySEC | FCA ASIC DFSA |
|---|
| Platforms | MetaTrader 4 | DXtrade MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
No minimum deposit
Strong ASIC, FCA, and DFSA regulation
MT4-focused with excellent EA and algorithmic trading support
No inactivity fee
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
MT4 only, no MT5, cTrader, or proprietary platform
Standard spreads from 1.8 pips are not ECN-competitive
Relatively young broker, founded 2017
No raw spread account option
Limited charting capabilities
Cons
No MT5 or cTrader support
Pro account commission of $7/lot is above some ECN peers
Research and education tools are more limited than some peers
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker