Axi vs Libertex (Forex Club) 2024

AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). AxiTrader is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Libertex (Forex Club) is not publicly traded and does not operate a bank. Libertex (Forex Club) is authorised by one Tier-1 regulator (Highly Trusted), zero tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Libertex (Forex Club) is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available, and a limited range of investment products, Axi lags behind the best multi-asset brokers.

Forex Club is a long-standing MetaTrader broker offering forex and CFDs, along it's more recently launched Libertex brand catering to the EU market with a proprietary web platform. The biggest issue with Libertex (Forex Club) is the few regulatory licenses it holds, which bring down its Trust Score, compared to the most trusted brokers.

To open a trading account with Axi, you'll need to make an initial minimum deposit of $0.

Libertex (Forex Club) requires a minimum deposit of $10 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Axi offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Libertex (Forex Club) provides Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Axi offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Axi holds 2 global Tier-1 licenses, while Libertex (Forex Club) holds 1. Axi holds 1 global Tier-2 licenses, while Libertex (Forex Club) holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Axi (81) earned a higher Trust Score than Libertex (Forex Club) (73).

To compare the trading platforms of both Axi and Libertex (Forex Club), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Libertex (Forex Club) offers a better experience. With research, Axi offers superior market research. Finally, we found Libertex (Forex Club) to provide better mobile trading apps.

Here’s what trading platforms are available at Axi:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - Yes
• TradingView - No

Here’s what trading platforms are available at Libertex (Forex Club):

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Axi and Libertex (Forex Club) offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Axi and Libertex (Forex Club) both offer copy trading.

Axi provides traders 65 currency pairs (e.g., EUR/USD) compared to Libertex (Forex Club)'s 51 available pairs. If you are interested in trading a full range of securities, Libertex (Forex Club) offers traders access to 300 tradeable symbols, while Axi offers access to 175 tradeable symbols; so Libertex (Forex Club) offers 125 more tradeable symbols than Axi.

We found in our testing that Libertex (Forex Club) offers a more diverse selection of investment options than Axi, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Int'l Stock Trading (Non CFD) and Cryptocurrency (Physical).