Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Axitrader
9.9
/10
VISIT AXITRADER
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
HiWayFX
0
/10
VISIT HIWAYFX
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007. |
HiWayFX is regulated by CySEC. HiWayFX have provided Forex, Binary Options trading services since 2014. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
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Why choose them? |
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Headquarters | 36 Leadenhall Street, London EC3A 1 AT, United Kingdom | 152, Franklin Roosevelt Avenue, 3045, Limassol, Cyprus | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 80 | 48 | ||
Commodities Offered | 6 | 21 | ||
Stocks Offered | 0 | 1606 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
See all instruments
Losses can exceed deposits |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | No | Gwazy | Xstation5 | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic |
English, French, Arabic, Greek, Russian, and Indonesian |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
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See platform & features
68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
See platform & features
Losses can exceed deposits |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Axitrader and HiWayFX |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
See account options
Losses can exceed deposits |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | 0.01 Lot | |
Max trade | 100 Lots | 100 lot | 100 Lot | |
Min deposit | $1 | $20 | $1 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | Instant via debit/credit card | 3-5 business days | Same day if requested before 1PM | |
Withdrawal processing time | Same or next day with local payments. International payments take 3-5 days. | 1-10 business days | Same day if requested before 1PM | |
See all funding options
68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
See all funding options
Losses can exceed deposits |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | US | US | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 44 207 096 7488 | + 44 3308 280 893 | 44 2036953085 | |
Live Chat | ||||
Website | www.axitrader.com | https://www.hiwayfx.com/ | www.xtb.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 0.2 pips | Not offered | 0.1 pips | |
GBP/USD (Average: 1.1 pips) | 0.6 pips | Not offered | 0.1 pips | |
USD/JPY (Average: 1.1 pips) | 0.1 pips | Not offered | 0.1 pips | |
AUD/USD (Average: 0.8 pips) | 0.1 pips | Not offered | 0.2 pips | |
USD/CHF (Average: 2.3 pips) | 0.2 pips | Not offered | 0.2 pips | |
USD/CAD (Average: 2.9 pips) | 0.2 pips | Not offered | 0.3 pips | |
NZD/USD (Average: 3.6 pips) | 0.2 pips | Not offered | 0.3 pips | |
EUR/GBP (Average: 2.4 pips) | 0.2 pips | Not offered | 0.1 pips | |
View all spreads
68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
View all spreads
Losses can exceed deposits |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | No | Yes | No | |
Commission | Yes | No | Yes | |
Deposit Fee | None | No | No | |
Withdrawal Fee | None | No | No | |
View All Fees
68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
View All Fees
Losses can exceed deposits |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider. |
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Last update |
All information collected from www.axitrader.com. Last updated on 01/03/2021. |
All information collected from https://www.hiwayfx.com/. Last updated on 01/03/2021. |
All information collected from www.xtb.com. Last updated on 01/03/2021. |
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Company |
Axitrader is an online forex trading sevice provider who are regulated by the Financial Conduct Authority and ASIC. To open an account with Axitrader, minimum deposits start from $200. For more information about trading with Axitrader, we have put together an indepth Axitrader review with all the pros and cons about this broker. |
HiWayFX is an online forex trading service provider. They are regulated by CySEC. To open an account with HiWayFX, minimum deposits start from £/$20. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
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Popular comparisons |
Popular comparisons feat. Axitrader
Axitrader vs Pepperstone |
Popular comparisons feat. HiWayFX
ETX Capital vs HiWayFX |
Popular comparisons feat. XTB
XTB vs IG |
If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Axitrader is likely the better option out of these brokers. However, if you want a broker that supports live chat, HiWayFX may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Axitrader to be the more reliable broker. We’ve broken down why below:
Axitrader is regulated by Financial Conduct Authority and ASIC, while HiWayFX is regulated by Unregulated.
XTB are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
Axitrader has been around for 14 years, while HiWayFX have been around for 7 years. Our third alternative broker, XTB, have been around for 19 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Both Axitrader and HiWayFX use tier one banks, but we are not sure of which bank specifically.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Axitrader is more popular with over 221,000 traders.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both Axitrader and HiWayFX are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
Axitrader are based in 36 Leadenhall Street, London EC3A 1 AT, United Kingdom, while HiWayFX are based in 152, Franklin Roosevelt Avenue, 3045, Limassol, Cyprus .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both Axitrader and HiWayFX offer forex trading. Axitrader have a slightly larger variety of currency pairs with 80 pairs, compared to offered by HiWayFX. Also, if you’re looking to trade cryptocurrencies, Axitrader offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.
If you’re looking to trade commodities like gold, silver or oil, Axitrader may be a better fit as HiWayFX does not offer commodity trading.
Axitrader also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Axitrader and HiWayFX offer this. Our alternative broker, XTB, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Axitrader, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
Axitrader does allow scalping and hedging. While HiWayFX also allows scalping and hedging. You can trade with EAs (expert advisors) on Axitrader but you can't trade EAs (expert advisors) with HiWayFX.
In terms of risk management tools, neither Axitrader or HiWayFX offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Axitrader also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.
Both Axitrader and HiWayFX accept Neteller as a funding method.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, Axitrader charges 0.10 points, while HiWayFX charges points. Therefore, HiWayFX is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Axitrader is more reliable based on our criteria above. Axitrader has a wider range of instruments to trade. Axitrader offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.