AxiTrader
Forex Financial Services
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Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while Forex Financial Services was established in 2008 and is based in Australia. AxiTrader holds licences including Financial Conduct Authority (FCA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. AxiTrader serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $0 at AxiTrader and $2500 at Forex Financial Services.
| Feature | AxiTrader | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Australian Securities and investment Commission (ASIC) |
| Founded | 2007 | 2008 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and Forex Financial Services, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Forex Financial Services). AxiTrader charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. AxiTrader charges deposit fees; Forex Financial Services does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
AxiTrader offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | AxiTrader | Forex Financial Services |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AxiTrader and Forex Financial Services compare. The two brokers are evenly matched on educational content.
| Feature | AxiTrader | Forex Financial Services |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AxiTrader accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while Forex Financial Services supports 2 (bank transfer, credit/debit card). AxiTrader uniquely supports Neteller among the two brokers. AxiTrader scores higher on deposit and withdrawal flexibility.
| Feature | AxiTrader | Forex Financial Services |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AxiTrader and Forex Financial Services offer live chat support. Both provide phone support. Email support is available at both brokers. AxiTrader supports 8 languages and Forex Financial Services supports 2, giving AxiTrader broader global reach. Both brokers are comparable on support quality.
| Feature | AxiTrader | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | English, and Chinese |