image FXDD VISIT FXDD image Axitrader VISIT AXITRADER image IG VISIT IG
About

FXDD is regulated by MFSA. FXDD have provided Forex, Metals, Options, CFD, Oil trading services since 2002.

Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007.

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

Why choose them?
  • Yes Over 16 years in business
  • Yes
  • Yes
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters Floriana, Malta Sydney, Australia London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No Yes Yes
CFD No Yes Yes
Spread Betting No No Yes
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 80 90
Commodities Offered 0 34
Stocks Offered 10 0 8000
Bitcoin No Yes Yes
Majors Yes Yes Yes
Indices No No Yes
US Stocks No No Yes
Penny stocks No No No
Energies No No Yes
Metals Yes No Yes
Agriculturals No No Yes
FTSE No No Yes
Dow Jones No No Yes
Dax No No Yes
Nikkei No No Yes
ETFs Yes No Yes
IPO No No Yes
See all instruments

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See all instruments

74% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac No Yes Yes
WebTrader Yes Yes Yes
Mirror Trader Yes No No
ZuluTrade Yes Yes No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms RoboX No ProRealTime & L2 Dealer

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No No
Available Languages

English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic

English, French, German, Spanish, and Portuguese

See platform & features

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See platform & features

74% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by FXDD and Axitrader

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes Yes No
Standard account Yes Yes Yes
ECN Account No Yes No
Islamic account Yes Yes No
Zero spread account No No No
VIP account No Yes Yes
Fixed spreads No No No
Variable spreads Yes Yes Yes
See account options

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See account options

74% of retail investor accounts lose money when trading CFDs with this provider.

See account options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging No Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No Yes Yes
Direct market access Yes Yes Yes
STP broker No Yes Yes
Market maker Yes Yes No
Min trade 01 Lot 0.01 Lot £1
Max trade None 50 Lot Variable
Min deposit $1 $200 $250

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts No Yes Yes
Signal trading No Yes Yes

FUNDING METHODS

Credit card No Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No Yes No
Skrill No No No
Payment processing time 2 business days Varies Varies
Withdrawal processing time 5 to 10 business days Varies Varies
See all funding options

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See all funding options

74% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

DETAILED INFO

Excluded countries US, JP US, JP BE,FR,IN,IL,PL,ZW
Contact email Send Email Send Email Send Email
phone number (356) 20133933 44 207 096 7488 44 20 7633 5300
Live Chat No No Yes
Website http://www.fxdd.com/mt/en.html www.axitrader.com http://www.ig.com/
Forex Spreads
EUR/USD 0.50 0.10 0.60
GBP/USD 0.30 0.90
USD/JPY 0.40 1.42 0.70
AUD/USD 1.7 1.32 0.6
Cryptocurrency Spreads N/A N/A 10
View all FX spreads

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View all FX spreads

74% of retail investor accounts lose money when trading CFDs with this provider.

View all FX spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

INDICE SPREADS
Dax 30 28.0 0.80 1.0
Nasdaq 100 30.0 0.84 1.0
Euro Stoxx 50 N/A 1.59 1.5
ASX 200 1.0
S&P 500 10.0 0.57 0.4
FTSE 100 30.0 1.50 1.0
Google 48 N/A 1 to 20
Facebook 5 N/A 4 points per side
View all spreads

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View all spreads

74% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

FEES

Inactivity Fee No Yes
Commission No Yes Yes (0.1%)
Deposit Fee Varies Varies
Withdrawal Fee No Varies No
View All Fees

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View All Fees

74% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

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Last update

All information collected from http://www.fxdd.com/mt/en.html. Last updated on 01/06/2019.

All information collected from www.axitrader.com. Last updated on 01/06/2019.

All information collected from http://www.ig.com/. Last updated on 01/06/2019.

Company

FXDD is a trusted online broker regulated by multiple authorities around the world including the Financial Conduct Authority in the UK. FXDD offer customised solutions to everyone from retail traders, hedge fund managers to white label products. Their global reach and state of the art technology have enabled FXDD to outgrow other brokerages and become a global force in Forex trading. They provide customer service in 13 languages and have a devoted client service no matter the size of the trader. FXDD also provide comprehensive training to cater for all levels of traders and hold daily interactive classes taught by expert analysts on top of the web based tools including trading calculators. They provide two simple pricing models, standard and ECN. Standard offers low spreads with no commissions and guaranteed zero slippage. ECN provides low direct raw spreads with no markups and a small $2.99 per standard lot commission with a 99% fill rate.

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.

With Axitrader you can trade 61 FX pairs, metals, and CFDs. If you like to trade on the go, Axitrader have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Axitrader offer MT4 for PC, MT4 for Mac, MT4 for Mobile, MT4 NexGen, MT4 Trading Signals, AxiTrader's Multi Account Manager platforms to make your trades and support 6 different languages.

They also offer a free demo account for traders who want to refine their trading skills.

The spreads offered by Axitrader for the most popular instruments are:
0.6 EUR/USD, 0.5 FTSE 100, 0.5 GOLD,
1 GBP/USD, 1 DOW/JONES, 0.5 Crude Oil,
see all the spreads here.



For more information about trading with Axitrader, we have put together an indepth Axitrader review with all the pros and cons about this broker.

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

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FXDD or Axitrader?

Who is ECN execution?

If you want a broker with ECN execution, Axitrader may be more appropriate. FXDD and Axitrader offer similar trading methods.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Axitrader to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

FXDD is regulated by MFSA, while Axitrader is regulated by Financial Conduct Authority and ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Axitrader will have very strict guidelines to follow to ensure they protect their retail trader clients.

IG are also regulated by the Financial Conduct Authority.

How long have they been around for?

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.

FXDD has been around for 17 years, while Axitrader have been around for 12 years. Our third alternative broker, IG, have been around for 45 years.

Do they hold your money in a separate bank account?

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.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

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 FXDD and Axitrader use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

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.

We’re not aware of any penalties or fines imposed by regulators on FXDD or Axitrader in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

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 FXDD and Axitrader are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

FXDD are based in Floriana, Malta, while Axitrader are based in Sydney, Australia.

Do they offer the features you need?

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:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both FXDD and Axitrader offer forex trading. Axitrader have a slightly larger variety of currency pairs with 80 pairs, compared to offered by FXDD. 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, FXDD may be a better fit as Axitrader does not offer commodity trading.

FXDD and Axitrader both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.

Platforms & Account Types

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 FXDD and Axitrader offer this. Our alternative broker, IG, 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.

For Muslim traders, FXDD offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

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.

FXDD does allow scalping but doesn't allow hedging. While Axitrader also allows scalping and hedging. You can trade with EAs (expert advisors) on both FXDD and Axitrader.

In terms of risk management tools, neither FXDD or Axitrader offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

FXDD also offer stop losses and limit orders to help you automate aspects of your trading strategy.

Axitrader accept Neteller.

Are they affordable for what you need?

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, FXDD charges 0.50 points, while Axitrader charges 0.10 points. Therefore, Axitrader 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.

The Verdict: FXDD or Axitrader?

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.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.