AxiTrader
fxcl markets
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Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while fxcl markets was established in 2006 and is based in Cayman Islands. AxiTrader holds licences including Financial Conduct Authority (FCA), while fxcl markets is regulated by Financial Services Authority (FSA) number 1637 among others. AxiTrader serves 10,000+ clients worldwide; fxcl markets has 10,000+. The minimum deposit is $0 at AxiTrader and $250 at fxcl markets.
| Feature | AxiTrader | fxcl markets |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Services Authority (FSA) number 1637 |
| Founded | 2007 | 2006 |
| Country | Australia | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and fxcl markets, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fxcl markets). AxiTrader charges withdrawal fees while fxcl markets does not, a notable advantage for frequent withdrawers. AxiTrader charges deposit fees; fxcl markets does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | fxcl markets |
|---|---|---|
| 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 fxcl markets 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 | fxcl markets |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AxiTrader and fxcl markets compare. fxcl markets runs regular live webinars; AxiTrader does not. fxcl markets has a video library; AxiTrader does not. fxcl markets publishes daily market commentary; AxiTrader does not. fxcl markets integrates third-party research tools (Trading Central, Autochartist); AxiTrader does not. fxcl markets maintains an archive of past webinars for on-demand viewing. fxcl markets scores higher overall in education and research.
| Feature | AxiTrader | fxcl markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 fxcl markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxcl markets uniquely supports PayPal and Skrill among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | AxiTrader | fxcl markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| 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 AxiTrader and fxcl markets 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 | AxiTrader | fxcl markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |