Written by

Fact-checked by

Alia Mehmood

Updated October 2026Country Singapore

Data verified

Complete Head-to-Head Comparison · 2026

Axi Vs Cmc Markets For Singapore Traders: Detailed Comparison (2025)

Q: Is Axi regulated by MAS for Singapore traders?

No, Axi is not regulated by the Monetary Authority of Singapore (MAS). Singapore clients are typically onboarded under Axi's Vanuatu entity, which offers limited regulatory protection. In contrast, CMC Markets holds a MAS licence, making it the only one of the two with direct local regulation.

Q: Which broker offers lower spreads for forex trading in Singapore?

Axi generally offers lower spreads on its Pro account, with raw spreads from 0.0 pips plus a commission. CMC Markets uses a spread-only model with no commission, but its average spreads are slightly higher. For high-volume forex traders, Axi's raw pricing is more cost-effective, while CMC is simpler for occasional traders.

Q: Can I trade Singapore stocks with Axi or CMC Markets?

Only CMC Markets offers CFDs on Singapore-listed shares, such as those on the SGX. Axi does not provide access to Singapore equities. If you want to trade local stocks via CFDs, CMC Markets is the suitable choice.

Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.

Axi

FCA · ASIC · DFSA · Founded 2007

Open Account

CMC Markets

FCA · ASIC · MAS · Founded 1989

Open Account

Winner: Tied

Categories: 12 compared

For: Singapore traders

Updated: October 2026

Compare any two brokers

Full Axi Review Full CMC Markets Review

Compare All Brokers in Singapore

Best Forex Brokers Best Gold CFD Brokers Lowest Spread Brokers Best Demo Account

Quick Verdict — Singapore Traders

Best Overall

Axi & CMC Markets

Higher overall score & more features

Best Spreads

CMC Markets

Lower trading costs for scalpers

Islamic Accounts

Axi

Swap-free for Singapore Muslims

Best for Beginners

Axi

Better education & support

$0 vs $0

Min deposit

1:1 vs 1:1

Max leverage

FCA vs FCA

Top regulator

4.2 vs 4.2

Our scores

Table of Contents

→ Overall Scores → Trading Costs → Account Types → Leverage → Instruments → Platforms → Execution Quality → Regulation & Safety → Deposits & Withdrawals → Islamic Accounts → Customer Support → Mobile App → Education & Research → User Reviews → Pros & Cons → Who Should Use?→ FAQ → Final Verdict

Head-to-head comparison

For Singapore-based forex and CFD traders, choosing between Axi and CMC Markets involves weighing regulatory trust, cost efficiency, and platform capability. Axi is a pure-play forex broker known for tight raw spreads, while CMC Markets is a globally listed CFD provider with a powerful proprietary platform and extensive market access. This comparison breaks down their key differences to help you decide which aligns with your trading needs in Singapore.

🏆

Overall Scores Comparison

Axi

FCA · ASIC · DFSA

4.2

CompareBroker score

Winner

CMC Markets

FCA · ASIC · MAS

4.2

CompareBroker score

Trading Costs

Spreads, commissions

4.3

Tie

4.3

Platforms

MT4, MT5, cTrader, TV

3.9

Tie

3.9

Regulation

Safety, oversight

4.5

Tie

4.5

Deposits

Local payments

4.3

Tie

4.3

Customer Support

24/5, chat, phone

4.0

Tie

4.0

Education

Webinars, guides

3.9

4.3

WIN

Execution

Speed, slippage

4.3

WIN

4.0

Mobile App

iOS, Android

4.2

Tie

4.2

💹

Trading Costs - Spreads & Commissions

Instrument	Axi	CMC Markets	Winner
EUR/USD avg spread	0.09 pips + $3.5/lot	0.0 pips + $3.5/lot	CMC Markets
XAU/USD (Gold)	$0.14 typical	$0.12 typical	CMC Markets
GBP/USD avg spread	0.29 pips	0.23 pips	CMC Markets
Standard acc spread	from 1.0 pips	from 0.8 pips	CMC Markets
ECN commission	$3.5/lot/side	$3.5/lot/side	Tie
Min deposit	$0	$0	Tie

📂

Account Types Comparison

Account Type	Axi	CMC Markets
Standard account	✓	✓
ECN / Raw spread	✓	✓
Islamic (swap-free)	✓	✗
Demo account	✓	✓
PAMM / MAM account	✗	✗
Zero spread account	✓	✗
Copy trading	✗	✗
Min deposit	$0	$0

⚖️

Leverage Comparison - Singapore Traders

Entity / Asset	Axi	CMC Markets
Singapore (offshore)	Up to 1:1	Up to 1:1
Forex major pairs	1:1	1:1
Gold (XAU/USD)	1:200	1:200
Indices	1:100	1:100
Cryptocurrencies	1:2 to 1:10	1:2 to 1:10

Leverage Warning for Singapore Traders

Traders in Singapore typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.

📈

Trading Instruments - Assets Available

Asset Class	Axi	CMC Markets	Winner
Forex pairs	90+	65+	Axi
Gold (XAU/USD)	✓	✓	Tie
Oil (WTI/Brent)	✓	✓	Tie
Stock indices	25+ indices	20+ indices	Axi
Crypto CFDs	✗	20+	Axi
Stocks / Share CFDs	✗	1,700+	CMC Markets
ETFs	✗	✓	Tie

🖥️

Platforms Comparison

Platform	Axi	CMC Markets
MetaTrader 4 (MT4)	✓	✓
MetaTrader 5 (MT5)	✓	✓
cTrader	✗	✗
TradingView	✗	✗
Expert Advisors (EAs)	✓	✗
Scalping allowed	✓	✓
Hedging allowed	✓	✓

⚡

Execution Quality - Speed & Slippage

Factor	Axi	CMC Markets	Winner
Execution model	ECN/STP	True ECN	CMC Markets
Avg execution speed	~30ms	~40ms	Axi
Slippage	Very low	Very low	Tie
Requotes	Very rare	Very rare	Tie
Scalping allowed	✓	✓	Tie
EA / Bot trading	✓	✗	Tie

🛡️

Regulation & Safety for Singapore Traders

Safety Factor	Axi	CMC Markets
Primary regulator	FCA	FCA
Top-tier regulated	✓	✓
Investor protection	✓	✓
Segregated funds	✓	✓
Neg. balance protection	✓	✓

Verify regulation independently

Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Singapore traders may differ by entity.

💳

Deposits & Withdrawals for Singapore

Payment Method	Axi	CMC Markets
Bank Wire Transfer	✓	✓
Visa / Mastercard	✓	✓
Skrill	✓	✓
Neteller	✓	✗
USDT / Crypto	✗	✗
Withdrawal time	Cards/e-wallets instant-few hours; bank wire up to 2 business days deposit, up to 5 days withdrawal; overall withdrawals processed within 48hrs	5 business days

☪️

Islamic Accounts - Swap-Free for Singapore Muslims

Islamic Account Feature	Axi	CMC Markets
Swap-free available	✓	✗
Admin fee instead of swap	On some instruments	On some instruments
MT4 / MT5 supported	✓	✓
How to apply	Contact support	Contact support

Islamic Account Note

Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.

💬

Customer Support Comparison

Support Feature	Axi	CMC Markets	Winner
Live chat	✓	✓	Tie
Phone support	✓	✓	Tie
Email support	✓	✓	Tie
24/7 support	✗	✗	Tie
Response time (chat)	<2 minutes	<3 minutes	Axi

📱

Mobile App Comparison

Mobile Feature	Axi	CMC Markets	Winner
iOS App Store rating	4.5 stars	4.3 stars	Axi
Google Play rating	4.3 stars	4.2 stars	Axi
Biometric login	✓	✓	Tie
Push notifications	✓	✓	Tie
Full charting on mobile	✓	✓	Tie
TradingView mobile	✗	✗	Tie

📚

Education & Research Tools

Resource	Axi	CMC Markets	Winner
Video tutorials	100+ videos	50+ videos	Tie
Webinars (live)	✗	Monthly	Tie
Economic calendar	✗	✓	Tie
Market analysis	Daily	Basic	Axi

⭐

Real User Reviews - Trustpilot

Axi

☆☆☆☆☆

—

8,014 verified reviews

View on Trustpilot

CMC Markets

☆☆☆☆☆

—

3,509 verified reviews

View on Trustpilot

⚖️

Pros & Cons of Each Broker

Axi

Pros

+Top-tier regulated

+Islamic swap-free account

Cons

-No TradingView

-No 24/7 support

CMC Markets

Pros

+Top-tier regulated

Cons

-No TradingView

-No 24/7 support

👤

Who Should Use Which Broker? - Singapore Guide

Choose Axi if you...

Are a beginner trader in Singapore

Want TradingView integration

Have less than $200 to start

Want FCA regulation

Choose CMC Markets if you...

Are a beginner trader in Singapore

Are a scalper or EA trader

Need PAMM/MAM accounts

Want True ECN regulation

❓

FAQ - Axi vs CMC Markets in Singapore

Is Axi regulated by MAS for Singapore traders?

Which broker offers lower spreads for forex trading in Singapore?

Can I trade Singapore stocks with Axi or CMC Markets?

Final Verdict - Singapore 2026

Axi & CMC Markets tied wins overall

After comparing 12 categories, Axi comes out ahead for most Singapore traders.

Open Axi Open CMC Markets

Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. CMC Markets: 69% of retail CFD accounts lose money. All data verified as of October 2026.

Find Your Best Broker

Compare all brokers for Singapore traders based on your trading style.

Compare All Brokers

Score Summary

Axi 4.2/5

CMC Markets 4.2/5

Full Reviews

Full Axi Review →Full CMC Markets Review →

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Risk Warning: CFDs are complex instruments. 74-89% of retail accounts lose money. CMC Markets: 69% of retail CFD accounts lose money.

Axi Vs Cmc Markets For Singapore Traders: Detailed Comparison (2025)

Quick Verdict — Singapore Traders

Head-to-head comparison

Overall Scores Comparison

Trading Costs - Spreads & Commissions

Account Types Comparison

Leverage Comparison - Singapore Traders

Trading Instruments - Assets Available

Platforms Comparison

Execution Quality - Speed & Slippage

Regulation & Safety for Singapore Traders

Deposits & Withdrawals for Singapore

Islamic Accounts - Swap-Free for Singapore Muslims

Customer Support Comparison

Mobile App Comparison

Education & Research Tools

Real User Reviews - Trustpilot

Pros & Cons of Each Broker

Axi

CMC Markets

Who Should Use Which Broker? - Singapore Guide

Choose Axi if you...

Choose CMC Markets if you...

FAQ - Axi vs CMC Markets in Singapore

Is Axi regulated by MAS for Singapore traders?

Which broker offers lower spreads for forex trading in Singapore?

Can I trade Singapore stocks with Axi or CMC Markets?

Final Verdict - Singapore 2026

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