Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
FinecoBank, established in 1999, is a well-regarded institution renowned for its experience and presence in the financial sector. Publicly traded and operating as a bank, FinecoBank holds two Tier-1 licenses, elevating its status in the industry. With a Trust Score rating of 94 by ForexBrokers.com, FinecoBank is highly trusted, making it a reliable choice for traders seeking robust security backed by regulatory authority.
Axi, founded in 2007, offers a commendable service to traders as a brokerage firm, although it is not publicly traded or a bank. It matches FinecoBank's Tier-1 license count, holding two, but also has one Tier-2 license, boosting its credibility. Its ForexBrokers.com Trust Score rating of 82 marks it as a trusted broker. While it may not match FinecoBank's high trust level, Axi remains a decent choice for those emphasizing trust and regulatory assurance in their trading activities.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, FinecoBank and Axi offer different experiences. FinecoBank does not provide average spread data for forex and CFD trading, which can make it challenging to understand its true trading costs. While they list a spread of 1 pip for EUR/USD, this figure is higher than typical forex brokers' spreads and is not labeled as an average value. Fineco also mentions a spread of 0.8 pips, but without specifying whether it is an average or providing a date range, making their fees opaque. However, FinecoBank does seem to have more competitive spreads for index CFDs.
On the other hand, Axi, similar to FinecoBank, does not offer average spread data, making it challenging to precisely gauge their trading costs. Despite this, Axi has managed to receive a better rating and rank for commissions and fees in comparison to FinecoBank. With a rating of 4 stars, Axi stands at 44th out of 62 brokers surveyed by ForexBrokers.com, indicating a more favorable perception among similar service providers.
Comparatively, FinecoBank's commissions and fees have earned it a rating of 3.5 stars, placing it at the 50th position out of 62 brokers in the ForexBrokers.com rankings. This suggests that while FinecoBank offers some competitive rates, particularly on index CFDs, their overall fee structure may not be as appealing as Axi's offerings. Users looking for clearer data on trading costs might find Axi to be the preferable choice.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring FinecoBank and Axi for online investment options, distinct differences arise in their offerings. FinecoBank provides an extensive range of tradeable symbols, boasting a total of 9,770 compared to Axi's 175. This broad selection includes the ability to trade exchange-traded securities on both U.S. and international exchanges, offering investors access to major stocks like Apple and Vodafone. While both brokers support forex trading as CFDs, FinecoBank offers 54 forex pairs, while Axi presents a slightly higher choice with 65 pairs. However, Axi holds an edge with innovative options like copy trading and cryptocurrency derivatives, which FinecoBank does not offer.
In terms of ratings and performance, FinecoBank shines with a higher rating of 4.5 stars for its range of investments, compared to Axi's 3.5 stars. This rating is reflected in their rankings, where FinecoBank stands at #16 among 62 brokers for investment range, significantly outperforming Axi, which is positioned at #55. While each broker has unique strengths, FinecoBank's diverse investment opportunities might appeal more to traditional investors looking for comprehensive market access, whereas Axi might attract those interested in leveraged trading and cryptocurrency derivatives.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 175 |
| Forex Pairs (Total) | 54 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 FinecoBank and Axi, both online brokers offer a range of trading platforms and tools, yet they cater to different needs. FinecoBank provides its own proprietary platform, supporting Windows-based desktop and web-based trading. However, it lacks popular features like MetaTrader 4 (MT4) and copy trading options. On the other hand, Axi does not have a proprietary platform but supports both MT4 and copy trading, which could appeal to traders seeking diverse trading strategies. While FinecoBank leads with an in-house platform and limited drawing tools, Axi offers a broader range of 15 drawing tools and a virtual demo account for beginners to practice their trades. FinecoBank's performance in this area is reflected in its ForexBrokers.com ranking at #18 out of 62, compared to Axi's #62 ranking.
For traders looking for additional functionality, Axi's inclusion of features such as copy trading and ZuluTrade outweighs FinecoBank's offerings in some respects. Axi also facilitates trading directly from stock charts, which may enhance the overall trading experience. In terms of watch list features, Axi provides seven customizable fields, while FinecoBank's details remain unspecified. Rating-wise, FinecoBank edges out Axi slightly with four stars for trading platforms and tools versus Axi's 3.5 stars—the higher score reasonably reflecting FinecoBank's comprehensive trading environment for those who prefer an all-in-one proprietary solution.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and Axi both offer iPhone and Android apps for traders on the go, providing essential tools like stock and forex price alerts. However, there's a notable difference in how they handle watchlist syncing, with neither platform allowing updates made on their mobile app to automatically sync with the online account. When it comes to charting features, Axi takes the lead with 30 technical studies as opposed to FinecoBank's 6, and Axi also enables users to draw trendlines on charts—something FinecoBank's app lacks. Both apps allow viewing of different time frames on charts, helping traders analyze their positions more comprehensively.
If you're keen on creating watchlists with real-time quotes, Axi offers this functionality, whereas FinecoBank does not. In terms of usability and ratings, FinecoBank slightly edges out with a 4-star rating, compared to Axi's 3.5-star rating for mobile trading apps. This may be one reason FinecoBank ranks higher than Axi in the ForexBrokers.com Mobile Trading Apps category, securing the 42nd position out of 62 brokers, while Axi trails at 59th. Overall, FinecoBank and Axi each have their strengths, so your choice might depend on which features align best with your trading needs.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating FinecoBank and Axi for market research capabilities, both brokers offer forex news from leading sources like Bloomberg, Reuters, and Dow Jones, helping traders stay informed about the latest developments. Additionally, they both provide an economic calendar that outlines upcoming global news events, which is useful for planning trades. However, Axi sets itself apart by offering a technical analysis tool from Autochartist and a sentiment-based trading tool, which can be beneficial for traders looking to understand market dynamics and trading positions. FinecoBank does not offer these specific tools. Despite these differences, FinecoBank achieves a research rating of 4 stars compared to Axi's 3 stars.
In terms of rankings, based on the evaluations from ForexBrokers.com among 62 brokers, FinecoBank stands at a respectable #33 in the Research category, while Axi falls behind at #55. Both brokers do not provide research tools from companies like Trading Central or Acuity Trading, nor do they offer market research from TipRanks. This comparison suggests that while both brokers are competent, traders valuing specific research tools might prefer Axi, whereas those prioritizing overall research quality may lean towards FinecoBank.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by FinecoBank and Axi, both online brokers provide a variety of learning opportunities, but there are some key differences. FinecoBank distinguishes itself with a well-rounded approach by providing more than ten beginner-friendly educational videos tailored specifically for newcomers to trading. In addition, FinecoBank offers monthly online webinars, bolstered by an investor dictionary that contains over 50 investing terms, a helpful tool for those new to the jargon of trading. However, FinecoBank falls short in offering a sufficient number of resources focused on forex or CFDs as they do not provide at least ten educational pieces on these subjects. Furthermore, FinecoBank does not maintain a searchable archive of past webinars, which could leave some beginners wishing for more access to past sessions.
In contrast, Axi offers a strong selection of educational content on forex and CFDs, which includes over ten articles, videos, and materials aimed specifically at these areas, helping beginners get a solid understanding of these markets. Axi, like FinecoBank, conducts regular monthly educational webinars and offers an investor dictionary, which serves as a good learning aid for new traders. Axi also provides beginner educational videos, although their overall educational offerings for advanced traders are not expansive. It’s important to note that Axi does not provide access to a searchable archive of webinars either. Overall, both FinecoBank and Axi receive respectable ratings, with FinecoBank claiming 4 stars for education and Axi earning 3 stars. Despite its lower star rating, Axi is ranked higher by ForexBrokers.com than FinecoBank, sitting at 26 out of 62 brokers compared to FinecoBank's rank of 49. This suggests that while both platforms have their strengths, your choice might depend on specific needs, such as a focus on beginner material or interest in forex and CFDs.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | 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 FinecoBank is better than Axi. FinecoBank finished with an overall rank of #25, while Axi finished with an overall rank of #49.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
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Axi
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| Overall Rating |
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| Trust Score | 94 | 82 |
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In comparing online brokers FinecoBank and Axi regarding cryptocurrency options, FinecoBank does not offer the ability to buy actual (delivered) cryptocurrencies or cryptocurrency derivatives, whereas Axi does not provide actual cryptocurrencies but does allow trading of cryptocurrency derivatives.
FinecoBank and Axi differ in their deposit and withdrawal options: FinecoBank supports ACH and SEPA transfers along with bank wires, but not Skrill, PayPal, Visa, or Mastercard, while Axi allows bank wires and supports Visa, Mastercard, and Skrill, yet does not offer ACH, SEPA transfers, or PayPal.
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 | FinecoBank | Axi | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | Axi | |
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| Regulation | FinecoBank | Axi | |
|---|---|---|---|
| Trust Score | 94 | 82 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 175 | |
| Forex Pairs (Total) | 54 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FinecoBank | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FinecoBank | Axi | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | Axi | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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