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. |
Zulutrade
0
/10
VISIT ZULUTRADE
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. |
eToro
8.7
/10
VISIT ETORO
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 |
Zulutrade is regulated by MiFID and have provided copy trading services since 2007. |
Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007. |
eToro is regulated by CySEC. eToro have provided Forex trading services since 2006. 75% of retail CFD accounts lose money |
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Why choose them? |
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Headquarters | United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005 | 36 Leadenhall Street, London EC3A 1 AT, United Kingdom | Limassol, Cyprus | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 80 | 47 | ||
Commodities Offered | 6 | 6 | ||
Stocks Offered | 0 | 957 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
Losses can exceed deposits |
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
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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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 | No | CopyTrader | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, French, Spanish, German, Polish, Dutch, Italian, Russian, Romanian, Turkish, Japanease, Arabic, and Korean |
English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic |
English, German, Spanish, French, and Italian |
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See platform & features
Losses can exceed deposits |
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
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Zulutrade and Axitrader |
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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
Losses can exceed deposits |
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
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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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 | Varies | 0.01 Lot | $25 | |
Max trade | Varies | 100 Lots | 20% of equity | |
Min deposit | Varies | $1 | $200 | |
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 | Varies | Instant via debit/credit card | Varies | |
Withdrawal processing time | 2 business days | Same or next day with local payments. International payments take 3-5 days. | Varies | |
See all funding options
Losses can exceed deposits |
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
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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DETAILED INFO |
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Excluded countries | US, JP | US, JP | IR,KP,BE,CA,JP,SY,TR,IL,SG,HK | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 1-917-6282237 | 44 207 096 7488 | 44-866-350-0881 | |
Live Chat | ||||
Website | www.zulutrade.co.uk | www.axitrader.com | www.etoro.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | 0.2 pips | 3.0 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | 0.6 pips | 4.0 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | 0.1 pips | 2.0 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | 0.1 pips | 1.0 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | 0.2 pips | 3.0 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | 0.2 pips | 3.0 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | 0.2 pips | 5.0 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | 0.2 pips | 4.0 pips | |
View all spreads
Losses can exceed deposits |
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
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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FEES |
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Inactivity Fee | Yes | No | Yes | |
Commission | Varies | Yes | No | |
Deposit Fee | Varies | None | No | |
Withdrawal Fee | Varies | None | Yes | |
View All Fees
Losses can exceed deposits |
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
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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Featured In | Best CFD BrokersBest Social Trading Brokers'>Best Fixed Spread BrokersBest Brokers For HedgingBest Brokers For Expert Advisors | Best Brokers For CopperBest FTSE100 BrokersBest Dow Jones BrokersBest DAX BrokersBest FCA Regulated Brokers | Best Social Trading BrokersBest Day Trading BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Brokers For Commodities | |
Last update |
All information collected from www.zulutrade.co.uk. Last updated on 01/01/2021. |
All information collected from www.axitrader.com. Last updated on 01/01/2021. |
All information collected from www.etoro.com. Last updated on 01/01/2021. |
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Company |
ZuluTrade was founded in 2007 to fill the gap in services offered for individual traders, who want to keep in total control of their funds despite busy schedules which prevented them from following the changing markets every minute of the day. |
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. |
Founded in 2006 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of this year, eToro boasts more than six million members worldwide. |
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Popular comparisons |
Popular comparisons feat. Zulutrade
ETX Capital vs Zulutrade |
Popular comparisons feat. Axitrader
Axitrader vs Pepperstone |
Popular comparisons feat. eToro
eToro vs Tradeo |
If you’re a trader looking for a broker that supports live chat, Zulutrade may be the better option. However, if you want a broker that offers MetaTrader4 as a trading platform, Axitrader may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Zulutrade to be the more reliable broker. We’ve broken down why below:
Zulutrade is regulated by , while Axitrader is regulated by Financial Conduct Authority and ASIC.
eToro 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.
Zulutrade has been around for 14 years, while Axitrader have been around for 14 years. Our third alternative broker, eToro, have been around for 15 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.
Zulutrade does not use tier one banks as their banking partner. Axitrader uses tier one banks as their banking partner.
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 Zulutrade and Axitrader are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
Zulutrade are based in United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005, while Axitrader are based in 36 Leadenhall Street, London EC3A 1 AT, United Kingdom .
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 Zulutrade and Axitrader offer forex trading. Axitrader have a slightly larger variety of currency pairs with 80 pairs, compared to offered by Zulutrade. 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, Zulutrade may be a better fit as Axitrader does not offer commodity trading.
Zulutrade 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.
Zulutrade also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
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.
Zulutrade does allow scalping and hedging. While Axitrader also allows scalping and hedging. You can trade with EAs (expert advisors) on both Zulutrade and Axitrader.
In terms of risk management tools, neither Zulutrade or Axitrader offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Zulutrade accept Paypal while Axitrader accept Neteller.
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, Zulutrade charges points, while Axitrader charges 0.10 points. Therefore, Zulutrade 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, Zulutrade 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.