Head to head
Axi vs FXCM
Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. FXCM is licensed by FCA in the United Kingdom, CySEC in the European Union and ASIC in Australia. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.
Minimum deposits start at $0 at Axi and $50 at FXCM. Neither offers negative balance protection. Both offer segregated client money.
Facts last checked: Axi on 20 October 2026, FXCM on 20 October 2026.
Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.
Broker
Comparing
AxiAustralia
FXCMUnited Kingdom
Overview
Founded
2007
1999
Headquarters
Sydney, Australia
London, United Kingdom (Stratos Group)
Official websites
- axi.com
- axi-solaris.com
- fxcm.com
- tradu.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
AxiCorp Financial Services Pty Ltd
Stratos Markets Limited
Regulation level
Strictly regulated
Strictly regulated
Clients this company serves
Australian residents
Existing UK clients; FXCM's UK site sends new accounts to Trade Nation
All licences held
- ASIC (Australia)
- FCA (United Kingdom)
- CySEC (European Union)
- DFSA (Dubai (DIFC), UAE)
- FCA (United Kingdom)
- CySEC (European Union)
- ASIC (Australia)
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the St Vincent company
FSCS up to £85,000 (UK company); ICF up to €20,000 (Cyprus company); none for the St Vincent company
Costs
Your monthly cost
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Leverage and margin
1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
Retail leverage by asset class
- Major currency pairs (UK: 1:30
- Currency pairs (St Vincent company): up to 1:1000
- Major currency pairs: 1:30
- Non-major currency pairs: 1:20
- Other commodities and non-major indices: 1:10
- Share CFDs: 1:5
- Crypto CFDs: 1:2
Stop-out level
20% (liquidation level, St Vincent company)
Not yet checked
Account
Minimum deposit (this account)
No accounts listed
No accounts listed
Platforms and features
Platforms
- Axi Trading Platform
- MetaTrader 4
- MetaTrader 5
- Trading Station
- MetaTrader 4
- TradingView
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
Forex, index, commodity, share and crypto CFDs, plus FXCM baskets
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked
Deposits and withdrawals
Deposit methods
- Bank transfer
- Debit or credit card
- Debit card
- Credit card
- Bank wire
- Google Pay
- Skrill
- Neteller
- Crypto
Withdrawal fee
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
Not yet checked
Inactivity fee
10 a month in USD, EUR, GBP and most other account currencies after 12 months without trading (St Vincent company)
Not yet checked
Support
Customer support
Not yet checked
24/5 live chat
Our notes
Strengths
- Licensed by ASIC, the FCA and CySEC, all strict regulators
- Published commissions per currency on the Premium account (for example $4.50 or €4.00 per standard contract)
- Bank transfers and payments under US$50,000 a month are free to deposit
- Long-running brand (since 1999) with companies licensed by the FCA, CySEC and ASIC
- Its own Trading Station platform alongside MetaTrader 4, TradingView and API access
- Low first deposit of 50 in the account currency on the international site
Watch out for
- International clients join AxiTrader LLC, a St Vincent and the Grenadines company (4303 LLC 2025) that is registered, not licensed; its risk warning says you can lose substantially more than your initial investment.
- Axi publishes minimum spreads only, not typical spreads
- The St Vincent company charges a monthly inactivity fee after 12 months and may charge US$25 for withdrawals under US$50
- The FSCA's OTC derivative provider list shows AxiCorp Financial Services Pty Ltd's application as Withdrawn, so Axi has no South African licence we could confirm.
- The UK company, Stratos Markets Limited, has applied to cancel its FCA authorisation (shown on the FCA register since 15 October 2026), and FXCM's UK site says new trading accounts are now provided through Trade Nation.
- FXCM's EU site says new trading accounts are now provided through AvaTrade, a separate broker
- International clients join Stratos Global LLC in St Vincent and the Grenadines, which holds no financial licence; leverage there goes up to 1:1000 and losses can exceed deposits
- Says Stratos South Africa (Pty) Ltd is FSCA FSP 46534 and Stratos Light Limited is supervised by the Israel Securities Authority; we could not confirm either on the regulator's register on 2026-10-20 (the FSCA FSP register could not be reached).
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Risk warnings
The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:
- Axi: Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital.
- FXCM: Our products are traded on leverage which means they carry a high level of risk and you could lose more than your deposits. These products are not suitable for all investors. Please ensure you fully understand the risks and carefully consider your financial situation and trading experience before trading. Seek independent advice if necessary.
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Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.
Nothing on this page is financial advice. Read the full disclaimer.