Comparison of Axi and Plus500
| Feature | Axi | Plus500 |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2008 |
| Broker Type | STP | MM |
| Dealing | A-book | B-book |
| Execution | Market | Instant |
| Regulation | SVGFSA, ASIC, NZ FMA, DFSA, FCA | CySEC, FCA, ASIC, NZ FMA, FSCA, SFSA, EFSA, MAS, CFTC, NFA |
| Platforms | MetaTrader 4 (MT4), Axi Trading Platform | Plus500 |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:500 | 1:30 |
| Minimum Deposit | $1 | $100 |
| Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD, CAD, CHF, JPY, SEK, NOK, CZK, PLN, HUF, TRY, SGD |
| Funding Methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Bank Wire, Credit Card, Debit Card, PayPal, Skrill |
| Inactivity Fee | $10/month after 12 months of no trading activity | $10 per month after 3 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | FSCS | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Protection Size | £85 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✖ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✖ |
| EAs/Robots | ✔ | ✖ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Shares (CFDs), Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities |
| Review | Axi Review | Plus500 Review |
About Axi
Axi is a multi-regulated broker founded in 2007 with a straightforward account setup: commission-free Standard or raw-spread Pro, and a VIP Elite tier. Traders can use MT4, MT5 (in selected regions), or the Axi Trading Platform, plus a dedicated Copy Trading app. The product list spans Forex, indices, commodities, 100+ share CFDs, ~30 crypto CFDs, and ETF CFDs. Add-ons include Autochartist, Trading Central, VPS, and the Axi Select funding program.
Pros
- Multi-entity regulation
- Elite VIP with ~$25k balance and $3.5 commission per lot
- Solid toolkit: Autochartist, Trading Central, VPS options
- Flexible funding incl. cards, e-wallets, and crypto; broad base currencies
Cons
- Inactivity fee after 12 months of no trading
- Share CFD universe is modest (~100 names) vs. largest competitors
- Elite requires high balance; not suitable for small accounts
About Plus500
Plus500 is a leading CFD broker known for its simple and intuitive trading platform. Founded in 2008 and regulated by top-tier authorities such as the FCA (UK), CySEC (Cyprus), and ASIC (Australia), Plus500 provides a secure trading environment with access to a wide range of instruments, including forex, indices, commodities, shares, and ETFs. The broker is particularly praised for its user-friendly web and mobile platforms, which offer a streamlined trading experience without unnecessary complexity. While Plus500 excels in providing competitive spreads and no commission fees, it does not support third-party platforms like MetaTrader 4 or MetaTrader 5, which may deter traders who rely on advanced charting and automated trading tools. Additionally, educational resources are somewhat limited compared to competitors, making it less ideal for traders seeking in-depth learning materials. Despite these drawbacks, Plus500 remains a popular choice for traders who prioritize ease of use and access to diverse trading instruments.
Pros
- Regulated by top-tier authorities (FCA, CySEC, ASIC)
- Simple and intuitive proprietary trading platform
- Wide range of tradable instruments, including forex, stocks, and commodities
- Competitive spreads and no commission on trades
- User-friendly mobile app with real-time notifications
- Free and unlimited demo account for practice
Cons
- No support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5)
- Limited educational resources for beginner traders
- Inactivity fees for dormant accounts
- No phone-based customer support; only live chat and email
Axi & Plus500 Regulation
| Feature | Axi | Plus500 |
|---|---|---|
Companies | AxiTrader Limited (AxiTrader), AxiCorp Financial Services Pty Ltd (AFSPL), AxiCorp Financial Services Pty Ltd (DIFC Branch), Axi Financial Services (UK) | Plus500CY Ltd, Plus500UK Ltd, Plus500AU Pty Ltd, Plus500SEY Ltd, Plus500EE, Plus500SG Pte Ltd, Plus500US Ltd |
Countries | St. Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom | Cyprus, United Kingdom, Australia, New Zealand, Seychelles, Estonia, Singapore, United States |
Regulators | SVGFSA, ASIC, NZ FMA, DFSA, FCA | CySEC, FCA, ASIC, NZ FMA, FSCA, SFSA, EFSA, MAS, CFTC, NFA |
Investor Protection | FSCS | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
Investor Protection Size | £85 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Axi | Plus500 |
|---|---|---|
Market Maker Account | ||
| Account Name | — | CFD |
| Min Deposit | — | $100 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Instant |
| Min Spread | — | 0.6 |
| Fee | — | No |
| Max Leverage | — | 1:30 |
| Stop Out | — | 100% |
| Margin Call | — | 100% |
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.9 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 100% | — |
Zero Account | ||
| Account Name | Pro | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.0 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 100% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Axi | Plus500 |
|---|---|---|
Base currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD, CAD, CHF, JPY, SEK, NOK, CZK, PLN, HUF, TRY, SGD |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Bank Wire, Credit Card, Debit Card, PayPal, Skrill |
Inactivity fee | $10/month after 12 months of no trading activity | $10 per month after 3 months |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Axi | Plus500 |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), Axi Trading Platform | Plus500 |
Execution Speed | - | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Assets
| Asset | Axi | Plus500 |
|---|---|---|
Currencies | 69 | 65 |
Indices | 31 | 36 |
Stocks | 144 | 1550 |
Cryptocurrencies | 35 | 0 |
Bonds | 0 | 0 |
Metals | 8 | 5 |
Energies | 5 | 7 |
Soft Commodities | 3 | 10 |
ETFs | 0 | 96 |
Education and Analytics
| Feature | Axi | Plus500 |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Axi | Plus500 |
|---|---|---|
Email | service@axi.com | support@plus500.com |
Phone | +61 2 9965 5830 | — |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | — |
Instagram | ||
Twitter | ||
TikTok | TikTok | — |
Which Broker is Better?
After comparing Axi and Plus500, Plus500 comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.