Are you looking for a broker to trade Forex or CFDs with? You should try to go for one of the best brokers available. However, what are the qualities that make up an excellent broker? To answer this question, we are going to do an eToro vs AxiTrader vs FXOpen comparison.
We are going to take a look at three different brokers: eToro, AxiTrader, and FXOpen. All three of these brokers are excellent in their own ways. However, we are going to try to determine which one is the best overall.
To do this, we are going to compare the following factors:
Minimum deposit
Maximum leverage
Spread types
Trading platforms
Customer service
Let’s start with the first factor: minimum deposit.
Introduction
When it comes to online trading, there are many different brokers to choose from. Two of the most popular options are eToro and AxiTrader. So, which one is better?
To help you make your decision, we’ve compared eToro and AxiTrader side-by-side. We’ve looked at their fees, features, platforms and more. Read on for our full comparison of eToro vs AxiTrader.
eToro is a social trading and investment platform with over 10 million users. It offers investors the ability to trade a variety of assets, including stocks, ETFs, commodities and currencies.
AxiTrader is a global FX and CFD broker, established in 2007. It offers competitive spreads and a range of account types, including demo accounts.
So, which broker is better? Let’s take a look at the key differences between eToro and AxiTrader.
What is eToro?
eToro is a social trading and investment platform that allows users to trade a variety of assets, including cryptocurrencies. The platform is designed to be user-friendly and provides a variety of features, such as copy trading, which enables users to copy the trades of other successful investors. eToro also offers a demo account so that new users can practice trading before investing real money.
AxiTrader is a forex and CFD broker that offers its clients a range of analytical tools and resources. The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.
FXOpen is an online broker offering forex and CFD trading services. The company is regulated by the Financial Conduct Authority (FCA) in the UK.
What is AxiTrader?
AxiTrader is an online broker that provides foreign exchange (Forex) trading services to retail and institutional clients. The company was founded in 2007 in Australia, and it is regulated by the Australian Securities and Investments Commission (ASIC).
AxiTrader offers a variety of account types, including demo accounts, micro accounts, and standard accounts. The minimum deposit for a standard account is $200, and the maximum leverage is 1:500. AxiTrader also offers Islamic (swap-free) accounts.
AxiTrader’s trading platform is available in several languages, including English, Spanish, French, German, Italian, Russian, and Arabic. The platform can be accessed via desktop or mobile devices.
AxiTrader provides customer support 24 hours a day during the Forex trading week. The company’s customer service team can be contacted via phone, email, or live chat.
AxiTrader has won several awards, including the “Best MT4 Broker” award from the UK Forex Awards in 2018.
What is FXOpen?
FXOpen is a global online broker offering financial services in Forex, CFDs and Cryptocurrencies. The company was founded in 2003 and has since grown to become one of the world’s leading online brokers.
FXOpen offers its clients a wide range of financial instruments and services including:
– A wide variety of currency pairs, CFDs, metals and cryptocurrencies for trading
– ECN accounts with low spreads and fast execution
– A choice of trading platforms including MetaTrader 4, MetaTrader 5 and cTrader
– 24/5 customer support in multiple languages
– A variety of bonuses and promotions for both new and existing clients
eToro vs. AxiTrader and FXOpen review
When it comes to online brokers, there are a few big players in the game. eToro and AxiTrader are two of the most popular, but which one is better? And what about FXOpen?
In this article, we’ll take a look at all three brokers and compare their features, fees, and more. By the end, you should have a good idea of which broker is right for you.
eToro is one of the biggest names in online trading. They offer a user-friendly platform with plenty of features for both beginners and experienced traders. One thing to note is that eToro does not allow US clients.
AxiTrader is another popular online broker. They offer competitive spreads and a robust trading platform. However, like eToro, they do not accept US clients.
FXOpen is a bit different from the other two brokers. They are open to US clients and offer many different account types, including micro accounts. However, their platform can be a bit confusing for new traders.
Now that we’ve looked at each broker individually, let’s compare them side-by-side.
eToro vs. AxiTrader vs. FXOpen
Here’s a quick comparison of eToro, AxiTrader, and FXOpen.
eToro AxiTrader FXOpen Minimum Deposit $200 $200 $1 Account Types Standard, VIP Standard, VIP Micro, ECN/STP, Swap-Free Demo Account ✅ ✅ ✅ US Clients ❌ ❌ ✅ Tradable Assets 47 44 62 Spreads From 0.75 pips From 0.8 pips From 1 pip Commission Fees None $3 per lot None Leverage 1:30 1:500 1:500 Deposits & Withdrawals Credit/Debit Card, PayPal, Neteller, Skrill Credit/Debit Card, Bank Wire Credit/Debit Card, PayPal, Neteller, Skrill Customer Support Phone, Email Phone, Email Phone, Email Platform Web Trader MetaTrader 4 MetaTrader 4 Mobile App ✅ ✅ ✅ Web Trader ✅ ✅ ❌ Social Trading Yes – CopyPortfolios No No Education Resources Basic to Advanced Basic to Intermediate Basic to Intermediate Pros User-friendly platform
Many social trading features
Good customer support Competitive spreads
You can get more info by clicking on the provided link.
