Axi vs FXCM Forex Broker Comparison
A head-to-head comparison of Axi and FXCM across regulation, trading costs, platforms, and editorial scoring.
No minimum deposit, strong ASIC regulation, excellent MT4 infrastructure for EA traders, DXtrade for a modern web experience, and competitive Pro account pricing.
VS
Veteran FCA-regulated broker with strong API support, MT4, and the proprietary Trading Station platform.
Our Verdict
Too close to call
Axi and FXCM are extremely closely matched with scores of 4.1/5 and 4.1/5. The right choice depends on your individual trading priorities.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Axi offers tighter spreads from 0 pips vs 0.4 pips for FXCM, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for active traders
Recommended
Axi has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
FXCM offers more exclusive platform options: Proprietary Web/Mobile, NinjaTrader, a proprietary platform.
Best for beginners
Recommended
Both brokers share the same editorial score of 4.1/5, but Axi requires a lower minimum deposit ($0 vs $50 for FXCM), making it more accessible for new traders.
Axi vs FXCM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5▲ | 4.1 / 5 |
Fees & Spreads 30% weight | 4.2 / 5 | 4.2 / 5 |
Platforms & Tools 20% weight | 3.9 / 5 | 4.2 / 5▲ |
Customer Support 10% weight | 3.9 / 5 | 4.0 / 5▲ |
| Founded | 2007 | 1999 |
| Headquarters | Sydney, Australia | London, United Kingdom |
| Min deposit | No minimum | $50 |
| Spreads from | 0 pips | 0.4 pips |
| Commission / lot | $7/lot | N/A |
| Max leverage | 500:1 | 400:1 |
| Withdrawal fee | Free | Free for first per month |
| Regulators | FCA ASIC DFSA | FCA ASIC |
| Platforms | MetaTrader 4 DXtrade | MetaTrader 4 Proprietary Web/Mobile NinjaTrader |
| Active bonuses | ||
| Visit broker | Visit Axi | Visit FXCM |
Axi vs FXCM Forex Broker Pros & Cons
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
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
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
Cons
Withdrew from US market in 2017
No raw spread account option
Inactivity fee applies
Axi vs FXCM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Axi
criteria wins
1
FXCM
criteria win
Highlighted rows show where the two brokers differ
| Criteria | Axi | FXCM |
|---|---|---|
| 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 | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Axi vs FXCM: Frequently Asked Questions
Axi and FXCM share the same editorial score of 4.1/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
Axi offers tighter spreads starting from 0 pips, compared to FXCM's spreads from 0.4 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Axi has a lower minimum deposit of no minimum required, while FXCM requires at least $50. This makes Axi more accessible for traders with limited starting capital.
Both Axi and FXCM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: Axi has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Axi offers maximum leverage of 500:1, while FXCM offers up to 400:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Axi charges $7 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Axi supports MetaTrader 4, DXtrade and FXCM offers MetaTrader 4, Proprietary Web/Mobile, NinjaTrader; both support MetaTrader 4; Axi exclusively offers DXtrade; FXCM exclusively offers Proprietary Web/Mobile, NinjaTrader.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 4.1 / 5
More Broker Comparisons
More Axi comparisons
More FXCM comparisons
Personalised recommendation
Not sure which broker is right for you?
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