amarkets
AxiTrader
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Overview
amarkets was founded in 2016 and is headquartered in United Kingdom, while AxiTrader was established in 2007 and is based in Australia. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. amarkets serves 1,000,000+ clients worldwide; AxiTrader has 10,000+. The minimum deposit is $250 at amarkets and $0 at AxiTrader.
| Feature | amarkets | AxiTrader |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F223 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) |
| Founded | 2016 | 2007 |
| Country | United Kingdom | Australia |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between amarkets and AxiTrader, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $250 at amarkets). Both brokers charge withdrawal fees. amarkets charges deposit fees; AxiTrader does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | amarkets | AxiTrader |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
amarkets offers MT4, MT5, cTrader, while AxiTrader supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AxiTrader supports social and copy trading features, which amarkets does not offer. The two brokers are closely matched on platform offering.
| Feature | amarkets | AxiTrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how amarkets and AxiTrader compare. amarkets has a video library; AxiTrader does not. amarkets integrates third-party research tools (Autochartist); AxiTrader does not. amarkets scores higher overall in education and research.
| Feature | amarkets | AxiTrader |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. amarkets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while AxiTrader supports 3 (bank transfer, credit/debit card, Neteller). amarkets uniquely supports PayPal and Skrill among the two brokers. amarkets scores higher on deposit and withdrawal flexibility.
| Feature | amarkets | AxiTrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both amarkets and AxiTrader offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | amarkets | AxiTrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic |