AxiTrader
Zacks Trade
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Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while Zacks Trade was established in 2008 and is based in United States. AxiTrader holds licences including Financial Conduct Authority (FCA), while Zacks Trade is regulated by Unregulated among others. AxiTrader serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $0 at AxiTrader and $2500 at Zacks Trade.
| Feature | AxiTrader | Zacks Trade |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Unregulated |
| Founded | 2007 | 2008 |
| Country | Australia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and Zacks Trade, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Zacks Trade). AxiTrader charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. AxiTrader charges deposit fees; Zacks Trade does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | Zacks Trade |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
AxiTrader offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AxiTrader supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | AxiTrader | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AxiTrader and Zacks Trade compare. Zacks Trade runs regular live webinars; AxiTrader does not. Zacks Trade has a video library; AxiTrader does not. Zacks Trade publishes daily market commentary; AxiTrader does not. Zacks Trade integrates third-party research tools (Trading Central, Autochartist); AxiTrader does not. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | AxiTrader | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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 Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. AxiTrader supports 8 languages and Zacks Trade supports 2, giving AxiTrader broader global reach. Both brokers are comparable on support quality.
| Feature | AxiTrader | Zacks Trade |
|---|---|---|
| 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 |