Are we choosing between Exness and AxiTrader? With our Comparison source we’ve taken the guesswork out of it. Use our tool to compare hundreds of data points about these two brokers to see how they compare.
Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we’ve found that Exness Nigeria ranks higher than AxiTrader overall.
Exness vs. AxiTrader Comparison
It’s not easy to compare forex brokers like AximTrade vs Exness side by side. For our annual forex broker review for 2022, we looked at 39 forex and CFD brokerages for hundreds of hours to find the best forex broker. Let’s compare Exness vs. AxiTrader.
Can I believe in Exness?
Exness has a trust score of 74, meaning it is an “Average Risk.” Here’s what each label for the trust score means:
“Highly Trusted” (90–99): These brokers are thought to be the most dependable in the business. Simply put, we wouldn’t think twice about opening an account with a Highly Trusted broker and putting money into it.
“Trusted” (80–89): These brokers can be counted on and can be trusted. “Trusted” firms are a good choice, but they may not have as many regulatory licenses or have a different corporate structure than brokers who got our highest Trust Score.
“Average Risk” (70–79): Brokers in this category are usually safe, but you might want to look into them more before you open and fund a live trading account. At the very least, we always tell traders to check the licenses of Average Risk firms to make sure they are regulated in their own country.
“High Risk” (60–69): Before opening an account with a high-risk company, it’s essential to check it out carefully. Most of the time, these forex brokers aren’t licensed by a credible regulatory body, and they may have had legal or financial problems in the past. Before opening an account with a high-risk company, you should check our country guides for your home country to see if there is a more reliable broker you can use instead.
“Do Not Trust” (59): If a broker gets a “Do Not Trust” rating, we don’t recommend opening an account with them.
Is AximTrader reliable?
With a trust score of 83, AxiTrader has a trust label of “Trusted.”
AximTrade vs Exness Nigeria: Pros and Cons
AximTrade is a middleman that is registered in Saint Vincent and the Grenadines and works under the watch of the Financial Services Authority (SVGFSA). Since 2020, it has been helping people trade currency pairs, cryptocurrencies, and CFDs. The company offers cent, standard, and ECN accounts with tight spreads, high leverage, and low minimum deposits. The Best Forex IB Program (Africa and Asia) and The Best Forex Trading Platform Asia have been awarded AximTrade.
Since 2008, Exness Trading Company has been in the Forex market. Nymstar Limited, a company based in the Republic of Seychelles, is in charge of the broker’s business. Licenses from CySEC (Cyprus Securities Commission), FCA (Office of Financial Regulation and Supervision of Great Britain), and FSA (Financial Services Authority) control the service (Office of Financial Regulation and Supervision of the Republic of Seychelles). In Forex ratings, the broker is in first place.
The company does USD 325.8 billion worth of business every month. The broker currently offers CFDs on cryptocurrency, stocks, more than 120 currency pairs, energy, metals, and more. The service Exness offers is suitable for traders because it has low fees, orders are filled quickly, and money can be withdrawn immediately. With infinite leverage, you can make money with small deposits of up to $999. Traders can open an account in several ways, depending on their needs. There is a training account called a “demo account” that both new and experienced traders can use.
Nigerian traders can open exness Nigeria accounts, where deposits and withdrawals are free, and customer service is open 24 hours a day, seven days a week. Exness’ trading costs are usually lower than the average for the industry, but its education and analysis of the market are not as good as those of other major brokers. Even though Exness has low minimum deposits, the leverage is very high, so beginners should be careful, especially with smaller deposits.