Eightcap vs Axi — which broker is better?

Pros

• Raw account is cheap for the segment: 0.0-pip spreads plus roughly USD 3.50 per side per standard lot, or about USD 7 round turn on EUR/USD
• Best-in-class TradingView integration — trade the live account from TradingView charts across 1,000+ symbols, not just a read-only feed
• Four platforms on one account: MT4, MT5, TradingView and TradeLocker, so you are not locked into MetaTrader
• No inactivity fee and no internal deposit or withdrawal fees, including on PayPal, Skrill, Neteller and crypto rails
• Low USD 100 minimum on both account types, with seven base currencies including EUR and GBP
• Broad funding menu with regional rails (INTERAC, PIX, UnionPay, Thai QR) and instant card, wallet and crypto deposits
• The regulated entities check out on primary sources: Eightcap Pty Ltd has held ASIC AFSL 391441 since 2009, Eightcap Group Ltd appears on the FCA register under FRN 921296, and Eightcap EU Ltd holds CySEC licence 246/14 granted in July 2014
• Negative balance protection on the ASIC-, FCA- and CySEC-booked entities, and an 80% margin call / 50% stop-out ladder that is stated up front

Cons

• The group's legal-documents page still lists only Bahamas (SIA-F220), Seychelles (SD100), Mauritius (GB25204603) and a St Vincent company, so the one page built to tell you who you contract with names none of the regulated entities — and the FCA has published a clone warning for 'Eightcap VIP' / eightcap.vip, which is not the authorised firm
• CFDs only: no real shares, no ETFs, no bonds, no funds, no listed options or futures, and no spot crypto you can withdraw
• Share-CFD commissions are not published on the public account-comparison page, so equity traders cannot price a trade before opening an account
• No proprietary mobile app — you are handed MetaTrader, TradingView or TradeLocker, none of which carry Eightcap's own onboarding, funding and reporting flow
• Up to 500:1 leverage on the offshore entities, which is a retail-harm risk dressed as a selling point
• No withholding of German Abgeltungsteuer or Austrian KESt — CFD gains must be declared yourself, and German losses from Termingeschäfte face restrictive offsetting rules

Pros

• Pro account at USD 4.50 round turn per standard lot on 0.0-pip spreads, available from a USD 100 minimum rather than a five-figure balance
• Proprietary Axi Trading Platform covers 650+ markets with TradingView charting built in and true web-to-mobile position sync
• Three distinct crypto routes — CFDs to 200:1, perpetual futures on around 150 coins, and spot crypto you actually own
• Eleven account base currencies including CHF, PLN, HKD, JPY and SGD, which removes a conversion step for non-euro clients
• 24/7 support in 17 languages across live chat, phone, email and WhatsApp — better coverage than most brokers this size
• Axi Select funded-trader programme is free to join, with six stages from USD 5,000 to USD 1,000,000 and profit splits rising to 80%
• Long operating history since 2007 with tier-1 ASIC and FCA licences alongside a DFSA licence in the DIFC
• Copy trading via a dedicated app where copiers control their own sizing and risk rather than buying into a managed pool

Cons

• Most international clients are booked with AxiTrader LLC in St Vincent and the Grenadines — no prudential supervision, no compensation scheme, and The Financial Commission rather than a regulator as escalation
• We found no EEA-licensed Axi entity in its published legal documentation, so EU residents are contracting offshore by default
• An inactivity fee applies after 12 months of dormancy but the amount is disclosed only in the Product Schedule, never on the public fees page
• Leverage up to 1000:1 on the offshore entity, and 200:1 on crypto CFDs, is a retail-harm profile rather than a genuine benefit
• No real shares, no ETF units you can own, no bonds, no funds and no listed options — the equity and ETF range is CFD-only
• No German Abgeltungsteuer or Austrian KESt withholding, and Axi's own UK disclosures show 66–72% of retail accounts losing money