Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro and Axi, both established in 2007, offer online brokerage services but differ in their trust ratings and regulatory status. eToro holds a ForexBrokers.com Trust Score of 93, placing it in the highly trusted category, thanks to its three Tier-1 licenses and one Tier-2 license. On the other hand, Axi's Trust Score is 82, reflecting a trusted status with two Tier-1 licenses and one Tier-2 license. Neither company is publicly traded or operates as a bank, which typically adds another layer of scrutiny and consumer transparency. This distinction highlights eToro's stronger regulatory standing compared to Axi.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Year Founded | 2007 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing eToro and Axi based on their commissions and fees, eToro stands out as a slightly more expensive option in terms of spreads. eToro, a market-maker, typically charges a variable spread of 1 pip on the popular EUR/USD currency pair, which is above the industry norm. This broker attracts traders not for its low spreads but for its innovative social copy trading features, offering a unique platform for those interested in following and copying experienced traders.
On the other hand, Axi does not provide specific average spread data, making a direct comparison harder. However, in terms of overall fees and commissions, eToro scores higher with a 4.5-star rating compared to Axi's 4-star rating. Furthermore, eToro is ranked 22nd out of 62 brokers by ForexBrokers.com for commissions and fees, while Axi holds the 44th position, suggesting that eToro may be a more competitive choice in this regard.
eToro also offers a VIP Club membership with five distinct tiers, ranging from Silver to Diamond, for traders maintaining balances between $5,000 and $250,000. These tiers provide various benefits such as access to premium services, discounted fees, and dedicated account managers, enhancing the trading experience for those who qualify. Although Axi's offerings are not detailed here, it's clear that eToro provides a more comprehensive option for those looking at both fees and added benefits.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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 eToro and Axi for their range of investments, eToro stands out with a significantly broader selection. Offering a staggering 5,461 tradeable symbols, it provides traders with a diverse array of options, including 55 forex pairs. eToro isn't just about variety; it also allows clients to invest directly in exchange-traded securities on both U.S. and international markets, letting you own shares in major companies like Apple and Vodafone. Additionally, eToro enables clients to buy actual cryptocurrencies, providing a comprehensive trading experience beyond just derivatives. This extensive suite has earned it a 5-star rating for its range of investments and a top 10 position among 62 brokers on ForexBrokers.com.
Axi, while offering reliable services, has a more concise range of investment options. With 175 tradeable symbols and 65 forex pairs, Axi primarily focuses on forex trading, providing it as both CFDs and spot contracts. While Axi supports cryptocurrency trading through derivatives, it does not offer the ability to buy actual cryptocurrencies or exchange-traded securities on U.S. and international exchanges. Despite this narrower focus, Axi holds its ground with offerings like copy trading. However, in the competitive landscape evaluated by ForexBrokers.com, Axi receives a 3.5-star rating for its range of investments and ranks 55th out of 62 brokers.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 175 |
| Forex Pairs (Total) | 55 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 eToro and Axi in terms of their trading platforms and tools, both brokers offer a virtual demo account, allowing traders to practice without risking real money. eToro stands out with its proprietary platform that is accessible via web browsers, offering a seamless experience through its in-house developed system. Axi, on the other hand, relies on established platforms like MetaTrader 4 (MT4) for its desktop application, providing familiar tools for seasoned traders. Both brokers support copy trading, but only Axi extends its offering with ZuluTrade, giving users additional flexibility in automated trading strategies.
eToro shines in its usability, offering 161 charting drawing tools compared to Axi's 15, although neither broker supports trading directly from stock charts. In designing watch lists, eToro supports six columns for a tailored view, while Axi offers slightly more at seven columns. eToro receives a better rating of 4.5 out of 5 stars by ForexBrokers.com for its trading platforms and tools, ranking 8th among 62 brokers. Axi receives a lower score of 3.5 stars and is ranked last in the same category, indicating that eToro might be the superior choice for those valuing user-friendly platform features.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and Axi, both platforms offer apps for iPhone and Android devices. Users on both apps have access to stock and forex price alerts and can create watchlists with real-time quotes. However, eToro stands out with its ability to sync watchlists between devices, ensuring any changes made on the mobile app or desktop are updated in real-time. In contrast, Axi does not support watchlist syncing, which could be a drawback for traders who switch between their mobile and online accounts often. eToro offers an impressive 104 technical studies for charting, while Axi provides 30 technical studies, reflecting eToro's broader range of technical analysis options.
For traders who prefer drawing trendlines on charts, Axi provides this feature in its mobile app, whereas eToro lacks this functionality. Both platforms allow viewing different time frames on charts and do not save drawings automatically. In terms of user ratings, eToro scores higher with 4.5 stars compared to Axi's 3.5 stars. Moreover, eToro ranks #10 out of 62 brokers for mobile trading apps, reflecting a stronger overall user satisfaction and feature set, while Axi ranks #59, pointing to areas for improvement, particularly in syncing and charting tools.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of eToro and Axi, it's evident that each platform has its strengths. eToro stands out with its daily market commentary and an impressive array of tools like Trading Central and TipRanks that provide insightful research support. Additionally, eToro offers a sentiment-based trading tool that is complemented by an economic calendar, helping traders stay informed about global financial events. Despite not providing forex news from top-tier sources like Bloomberg or Reuters, eToro's comprehensive research tools earn it a high rating of 4.5 stars in the research category, and it ranks 13th out of 62 brokers according to ForexBrokers.com.
On the other hand, Axi excels in providing forex news from respected sources such as Bloomberg and Reuters, which many traders find crucial for making informed decisions. The inclusion of technical analysis tools from Autochartist also enhances Axi's offering in terms of research capabilities. However, unlike eToro, Axi does not incorporate tools from TipRanks or Trading Central, and while it does offer a sentiment-based trading tool and an economic calendar, its overall research rating is lower at 3 stars. In the broader list by ForexBrokers.com, Axi is positioned at 55 out of 62, indicating that while it has valuable features, there's room for improvement in its research offerings.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When diving into the world of online trading, both eToro and Axi stand out for providing educational resources tailored for newcomers. eToro offers a comprehensive learning experience with at least ten pieces of educational content focused on forex and CFDs, alongside offering monthly client webinars that are archived for convenient access at a later date. New traders will appreciate the collection of over ten beginner-focused videos that eToro provides, supporting their early trading steps. An extensive investor dictionary with more than 50 terms further enriches the learning resources. eToro's dedication to education is reflected in its impressive rating of 4.5 stars and an industry ranking of 5th out of 62 brokers by ForexBrokers.com.
Axi, on the other hand, also delivers a solid educational offering, providing more than ten educational materials on forex and CFDs, as well as hosting monthly client webinars. However, it lacks an archive of these webinars, which might limit accessibility for users who seek to learn at their own pace. While Axi does offer a range of beginner videos similar to eToro, it falls short in providing advanced educational content for seasoned traders. This broker, like eToro, also includes a valuable investor dictionary with over 50 terms. Overall, Axi earns a 3-star rating for its educational services, ranking 27th among 62 brokers on ForexBrokers.com.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 eToro is better than Axi. eToro finished with an overall rank of #9, while Axi finished with an overall rank of #49.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 82 |
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eToro allows users to purchase actual delivered cryptocurrency and also provides options for trading cryptocurrency derivatives, while Axi only offers the ability to trade cryptocurrency derivatives.
eToro provides a wider range of deposit and withdrawal options compared to Axi, with support for ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, while Axi supports Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | eToro | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | eToro Review |
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| Regulation | eToro | Axi | |
|---|---|---|---|
| Trust Score | 93 | 82 | |
| Year Founded | 2007 | 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 | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | eToro | 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 | eToro | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 175 | |
| Forex Pairs (Total) | 55 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | eToro | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Axi | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | Yes | No |
| Trading Platforms | eToro | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | eToro | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | eToro | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | 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 | eToro Review |
| Overall | eToro | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | eToro Review |
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