Head to head

Axi vs Wingo Markets

Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. Wingo Markets has no licence we could confirm on a regulator's register. 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 Wingo Markets. Neither offers negative balance protection. Only Axi offers segregated client money.

Facts last checked: Axi on 20 October 2026, Wingo Markets on 20 October 2026.

Broker 1
Broker 2
Broker 3

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.

Comparing
AxiAustralia
Wingo Markets

Overview

Founded
2007
Not yet checked
Headquarters
Sydney, Australia
Podgorica, Montenegro (registered office); company incorporated in Mwali, Comoros
Official websites
  • axi.com
  • axi-solaris.com
  • wingomarkets.com
  • clientx.wingomarkets.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
AxiCorp Financial Services Pty Ltd
No licence listed
ASIC
Australia
No licence listed
Regulation level
Strictly regulated
No licence listed
Licence number
No licence listed
Clients this company serves
Australian residents
No licence listed
All licences held
  • ASIC (Australia)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • DFSA (Dubai (DIFC), UAE)
None listed
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the St Vincent company
None

Costs

Your monthly cost
No accounts listed
No accounts listed
No accounts listed
No accounts listed
No accounts listed
No accounts listed
No accounts listed
No accounts listed
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
Yes
Not yet checked

Leverage and margin

1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
1:500
Retail leverage by asset class
  • Major currency pairs (UK: 1:30
  • Currency pairs (St Vincent company): up to 1:1000
Not yet checked
Not yet checked
100%
Stop-out level
20% (liquidation level, St Vincent company)
30%

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
No accounts listed
No accounts listed
No accounts listed
No accounts listed

Platforms and features

Platforms
  • Axi Trading Platform
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 5
  • Web platform
  • Mobile app
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
Forex, metals, oil, indices, crypto and share CFDs (the broker says 1,000+ instruments)
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Not yet checked
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
  • Wingo Pay
  • Mastercard
  • USDT (TRC20)
  • USDT (BEP20)
  • Volet
  • AdvCash
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
Phone, email and Telegram

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
  • Low published minimum deposit ($50 on the Starter account)
  • Account conditions, margin call and stop-out levels are published for every account
  • Social trading account for copying other traders
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.
  • Says it holds International Brokerage and Clearing House licence T2023302 from the Mwali International Services Authority (MISA); we could not confirm it on MISA's register on 2026-10-20 because the register site blocked our access.
  • The Central Bank of the Comoros said on 8 December 2025 that MISA is not recognised in the Union of the Comoros and has no legal power to issue financial licences.
  • FinCEN registration as a money services business is an anti-money-laundering registration, not a licence to offer trading
  • Leverage up to 1:500 and no published negative balance protection

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.
  • Wingo Markets: Trading derivatives and leveraged products involves a high level of risk and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved and only trade with money you can afford to lose.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

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.

BrokerCut on Telegram

Get the latest forex news and market analysis.

Join the channel