AxiTrader
ForexTB
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Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while ForexTB was established in 2015 and is based in Cyprus. AxiTrader holds licences including Financial Conduct Authority (FCA), while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. AxiTrader serves 10,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $0 at AxiTrader and $250 at ForexTB.
| Feature | AxiTrader | ForexTB |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 2007 | 2015 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and ForexTB, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $250 at ForexTB). AxiTrader charges withdrawal fees while ForexTB does not, a notable advantage for frequent withdrawers. AxiTrader charges deposit fees; ForexTB does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | ForexTB |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
AxiTrader offers MT4, MT5, cTrader, while ForexTB supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AxiTrader supports social and copy trading features, which ForexTB does not offer. The two brokers are closely matched on platform offering.
| Feature | AxiTrader | ForexTB |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AxiTrader and ForexTB compare. ForexTB runs regular live webinars; AxiTrader does not. ForexTB has a video library; AxiTrader does not. ForexTB publishes daily market commentary; AxiTrader does not. ForexTB integrates third-party research tools (Trading Central); AxiTrader does not. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | AxiTrader | ForexTB |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 ForexTB 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 | ForexTB |
|---|---|---|
| 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 ForexTB offer live chat support. Both provide phone support. Email support is available at both brokers. AxiTrader supports 8 languages and ForexTB supports 2, giving AxiTrader broader global reach. Both brokers are comparable on support quality.
| Feature | AxiTrader | ForexTB |
|---|---|---|
| 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 |