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Broker Comparison

Axi vs ETRADE from Morgan Stanley

Compare Axi and ETRADE from Morgan Stanley side by side: fees, regulation, platforms.

Axi

Axi

Active forex and CFD traders

Axi is a Sydney-based forex and CFD broker founded in 2007, offering MT4, MT5 and a proprietary platform with…

VS
ETRADE from Morgan Stanley

ETRADE from Morgan Stanley

Self-directed investors and active traders

ETRADE from Morgan Stanley offers $0 online stock and ETF trades, advanced Power ETRADE platforms, options, f…

Head-to-head comparison

Axi vs ETRADE from Morgan Stanley
Feature Axi ETRADE from Morgan Stanley
Minimum deposit - No account minimums for brokerage accounts
Stock trading fee Share CFDs available; spreads vary, no separate stock commission on Standard account $0 online US-listed stock trades
Regulators ASIC, FCA, DFSA, FMA, CySEC SIPC, NFA, FDIC, CFTC
Best for Active forex and CFD traders Self-directed investors and active traders
Markets & account
Stocks
ETFs
-
Forex
-
CFDs
-
Crypto
Bonds
-
Options
-
Futures
-
Margin
Demo Account
-
Multi Currency
-
Funds
-
Ready Made Portfolios
-

Pros & cons

Axi

Axi

Pros

  • No minimum deposit on Standard and Pro accounts
  • Raw spreads from 0.0 pips on Pro account
  • Regulated by ASIC, FCA, DFSA, FMA and CySEC
  • MT4 and MT5 both available
  • Axi Select funded trader program with capital up to $1 million
  • Free demo account with virtual funds
  • 650+ tradable markets including crypto perpetual futures
  • No deposit fee for standard payment methods

Cons

  • Inactivity fee of $10 per month after 12 months
  • $25 withdrawal fee on amounts below $50
  • Elite account requires $25,000 minimum deposit
  • Limited stock CFD range compared to dedicated stock brokers
  • Demo account limited to 30 days
  • No ETF products available
  • US clients not accepted
ETRADE from Morgan Stanley

ETRADE from Morgan Stanley

Pros

  • $0 online US-listed stock, ETF, mutual fund and options trades
  • No brokerage account minimums or maintenance fees
  • Options contract fee falls to $0.50 with 30+ quarterly trades
  • Power ETRADE App trades stocks, ETFs, options and futures
  • Core Portfolios add rebalancing and tax-loss harvesting
  • CME Group and CFE futures quote fees are absorbed

Cons

  • OTC trades cost $6.95, or $4.95 after 30+ quarterly trades
  • Broker-assisted trades add $25
  • Outgoing full account transfers cost $75
  • Outgoing wires cost $25
  • Crypto access is indirect through ETPs, trusts and futures
  • Futures accounts are not protected by SIPC
  • Core Portfolios require $500 and charge 0.30% annually
  • Paper statements cost $2.00 each unless exempt
Axi

Axi

Axi is a Sydney-based forex and CFD broker founded in 2007, offering MT4, MT5 and a proprietary platform with 650+ markets and a funded trader program.

Visit Axi Read review

Your capital is at risk. Other fees apply.

ETRADE from Morgan Stanley

ETRADE from Morgan Stanley

ETRADE from Morgan Stanley offers $0 online stock and ETF trades, advanced Power ETRADE platforms, options, futures, bonds and managed portfolios.

Visit ETRADE from Morgan Stanley Read review

Your capital is at risk. Other fees apply.

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