Written by ForexBrokers.com
In this head to head comparison of Eightcap vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Eightcap and Axi are well-known online brokers, each bringing their own strengths to the table. Founded in 2009, Eightcap has earned a ForexBrokers.com Trust Score of 85, placing it in the trusted category. Although not publicly traded or a bank, Eightcap impresses with three Tier-1 licenses, reflecting high trust levels. This aligns with its solid regulatory framework, assuring clients of a secure trading environment.
Founded in 2007, Axi offers a Trust Score of 82, also deeming it a trusted choice. Despite not being publicly listed or a bank, Axi provides strong regulatory backing with two Tier-1 licenses and an additional Tier-2 license, reinforcing its commitment to safe trading practices. Both brokers are not only reliable but actively ensure compliance and security, giving traders peace of mind when making investment decisions.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Year Founded | 2009 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers Eightcap and Axi, both receive a respectable rating of 4 out of 5 stars. Eightcap offers two account types: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap lists an average spread of 0.06 pips. However, when including the commission of $3.50 per side, the overall cost amounts to approximately 0.76 pips. This places Eightcap slightly below the industry average of 0.8 pips, though it is not the absolute cheapest option available.
In contrast, specific average spread data for Axi is not provided, making a direct cost comparison more challenging. Despite the lack of detailed average spread information, Axi matches Eightcap's 4-star rating, suggesting that while its fees are on par with Eightcap, it is ranked lower in the industry-wide assessment.
According to ForexBrokers.com, Eightcap ranks at #26 out of 62 brokers in the Commissions and Fees category, which positions it higher than Axi, which stands at #44. This suggests that while both brokers offer competitive fee structures, Eightcap may provide slightly better value in terms of commissions and fees compared to Axi.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Eightcap and Axi for their available range of investments, both brokers offer forex trading through CFDs or spot contracts. Eightcap stands out with a total of 736 tradeable symbols, far exceeding Axi's 175. However, Axi offers a slightly wider selection of forex pairs, with 65 compared to Eightcap's 56. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, meaning clients aren't able to buy shares like Apple or Vodafone directly through their platforms. Both platforms offer copy trading capabilities and the ability to trade cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies.
In terms of ratings, both Eightcap and Axi receive a 3.5-star score for their range of investments. However, Eightcap is ranked higher at #40 compared to Axi's #55 out of 62 brokers evaluated by ForexBrokers.com. This suggests that Eightcap's broader range of tradeable symbols might appeal more to traders looking for diverse options, while Axi might attract those focused on forex trading with its slightly larger assortment of forex pairs. Overall, each broker offers distinct advantages, making the choice depend largely on individual trading preferences.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 175 |
| Forex Pairs (Total) | 56 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Eightcap and Axi for their trading platforms and tools, both brokers offer a range of options that cater to diverse trading needs. Both Eightcap and Axi provide simulated trading through free virtual demo accounts, allowing new traders to practice and seasoned traders to test strategies without financial risk. Neither broker has developed their own in-house proprietary platform, but they both offer Windows-based desktop and web-based trading platforms, ensuring accessibility from different devices. Notably, both brokers support MetaTrader 4, but when it comes to the newer MetaTrader 5 platform, only Eightcap offers this option. Copy trading is available with both brokers, although Axi has an edge with its support for ZuluTrade, a popular social trading platform.
In terms of charting tools, both Eightcap and Axi provide 15 drawing tools and the capability to trade directly from stock charts, enhancing the trading experience for technical analysts. Each broker offers seven columns for watch lists, allowing traders to organize and monitor their investments effectively. Although Eightcap trails Axi in technical indicators, it achieves a slight edge overall with a four-star rating for trading platforms and tools compared to Axi's 3.5 stars. According to ForexBrokers.com, Eightcap ranks higher in this category, placing 38th out of 62 brokers, while Axi ranks at 62. This comparison underscores Eightcap's slight advantage in platform diversity and features, making it a preferred choice for many traders.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Eightcap and Axi offer user-friendly mobile trading apps available on iPhone and Android devices, catering to traders who prioritize on-the-go accessibility. With each platform supporting real-time price alerts and the ability to create watchlists featuring real-time quotes, traders can stay informed about market movements with ease. However, Eightcap sets itself apart by providing watchlist symbol syncing, ensuring seamless updates between mobile and online accounts—something Axi currently lacks. Both apps come equipped with 30 technical studies for charting and allow users to draw trendlines and view charts across multiple time frames, including daily, weekly, and intraday. Notably, Eightcap's app also offers the convenience of auto-saving chart drawings, a feature absent in Axi's offering.
In terms of user ratings, Eightcap's mobile app is rated 4 stars, while Axi's app receives a slightly lower rating of 3.5 stars. According to ForexBrokers.com, Eightcap ranks at #38 out of 62 brokers in the Mobile Trading Apps category, demonstrating a higher level of satisfaction from users compared to Axi, which holds a rank of #59. This competitive edge highlights Eightcap's more comprehensive feature set and user-friendly design, making it a preferred choice for traders seeking a versatile trading experience on their mobile devices.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Eightcap and Axi each have their own strengths and weaknesses for traders to consider. Eightcap stands out by providing daily market commentary and a sentiment-based trading tool that reveals the ratio of long or short positions across different currency pairs. Traders can also benefit from Eightcap's economic calendar, which highlights global news events. However, Eightcap misses out on providing forex news from top-tier sources like Bloomberg or Reuters and lacks tools from Autochartist or Trading Central for technical analysis. Rated at 3.5 stars for its research capabilities, Eightcap is ranked 39th out of 62 brokers by ForexBrokers.com.
In comparison, Axi offers comprehensive forex news from reputable sources like Bloomberg and Reuters, and includes technical analysis tools from Autochartist, making it a viable option for traders seeking in-depth market insights. Like Eightcap, Axi also provides sentiment-based trading tools and an economic calendar. However, Axi does not offer daily market commentary or research from Trading Central. With a research rating of 3 stars, Axi is ranked 55th out of 62 brokers by ForexBrokers.com. By weighing these factors, traders can better understand how each broker meets their market research needs.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Eightcap and Axi both provide over 10 educational pieces focused on forex or CFDs, ensuring that beginners have access to a solid foundation of learning materials. While Axi stands out by offering monthly educational webinars to engage clients in real-time learning experiences, Eightcap compensates with a searchable archive of past webinars, enabling learners to browse at their convenience. Both brokers support beginners further with a collection of over 10 educational videos specifically designed to ease newcomers into trading concepts.
In terms of resources for more advanced learners, neither Eightcap nor Axi provides a broad selection of videos targeting seasoned traders. However, both companies do offer investor dictionaries that include definitions for at least 50 trading-related terms, aiding in the understanding of complex jargon. According to ForexBrokers.com, Eightcap is rated 3.5 stars and ranks 40th out of 62 brokers for education, while Axi scores 3 stars and ranks 26th, illustrating different strengths in their educational offerings.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Eightcap is better than Axi. Eightcap finished with an overall rank of #38, while Axi finished with an overall rank of #49.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 82 |
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Both Eightcap and Axi do not provide the option to purchase actual, delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Eightcap and Axi, both lack ACH or SEPA transfer options, but Eightcap provides more flexibility with payment options by accepting PayPal, unlike Axi, while both brokers support Skrill, Visa, Mastercard, and bank wire deposits and withdrawals.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Eightcap | Axi | |
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| Trust Score | 85 | 82 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | Axi | |
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| Regulation | Eightcap | Axi | |
|---|---|---|---|
| Trust Score | 85 | 82 | |
| Year Founded | 2009 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Eightcap | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 175 | |
| Forex Pairs (Total) | 56 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Eightcap | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Axi | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Eightcap | Axi | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Eightcap | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Eightcap | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | Axi | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Eightcap Review |
| Overall | Eightcap | Axi | |
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| Trust Score | 85 | 82 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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