Head to head
Axi vs XM
Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. XM is licensed by CySEC in the European Union, DFSA in the United Arab Emirates (DIFC) and FSCA in South Africa. 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 $5 at XM. Only XM offers negative balance protection. Both offer segregated client money.
Facts last checked: Axi on 20 October 2026, XM 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
XMEuropean Union
Overview
Founded
2007
2009
Headquarters
Sydney, Australia
Not yet checked
Official websites
- axi.com
- axi-solaris.com
- xm.com
- trading-point.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
AxiCorp Financial Services Pty Ltd
Trading Point of Financial Instruments Ltd
Regulation level
Strictly regulated
Strictly regulated
Clients this company serves
Australian residents
Residents of EU and EEA countries (CySEC lists xm.com and trading-point.com as its approved domains)
All licences held
- ASIC (Australia)
- FCA (United Kingdom)
- CySEC (European Union)
- DFSA (Dubai (DIFC), UAE)
- CySEC (European Union)
- DFSA (United Arab Emirates (DIFC))
- FSCA (South Africa)
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the St Vincent company
ICF (Cyprus) for eligible clients of Trading Point of Financial Instruments Ltd; none named for XM Global Limited
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
Up to 1:1000 (XM Global Limited); EU retail clients are limited to 1:30 on major pairs
Retail leverage by asset class
- Major currency pairs (UK: 1:30
- Currency pairs (St Vincent company): up to 1:1000
Not yet checked
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
- MetaTrader 4
- MetaTrader 5
- XM App
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
Currency pairs, indices, commodities and share CFDs; real shares on the Shares account
Copy trading
Not yet checked
Yes
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
Not yet checked
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
Not yet checked
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 minimum deposit of $5 on the Standard and Ultra Low accounts
- Negative balance protection on all accounts, according to XM's account page
- EU clients can contract with a CySEC-licensed company (licence 120/10)
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.
- XM's global site names XM Global Limited, which it says is regulated by the FSC of Belize (licence 8557558). We could not confirm this licence on the Belize FSC's online register on 2026-10-20, so we do not list it.
- Leverage of up to 1:1000 on the global site magnifies losses as much as gains
- The Standard account is marketed with deposit bonuses; read the bonus terms before you accept one
- XM no longer holds a UK licence (the FCA register shows its passport as cancelled) and its former Australian company now trades as Trading.com Markets
Choose at least one broker above to start comparing.
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.
- XM: Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital.
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- eToro vs XM
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- FxPro vs XM
- HYCM vs XM
- IC Markets vs XM
- IFC Markets vs XM
- IG vs XM
- Interactive Brokers vs XM
- Inveslo vs XM
- Investizo vs XM
- ITBFX vs XM
- LiteFinance (LiteForex) vs XM
- Markets4you vs XM
- OANDA vs XM
- OneRoyal vs XM
- Opofinance vs XM
- Orbex vs XM
- Pepperstone vs XM
- Plus500 vs XM
- Saxo vs XM
- STB Provider vs XM
- Swissquote vs XM
- ThinkMarkets vs XM
- Tickmill vs XM
- Trendo vs XM
- Vittaverse vs XM
- Wingo Markets vs XM
- WM Markets vs XM
- XChief vs XM
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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.