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.
FinecoBank and Axi both bring forex trading opportunities to the table, offering forex as CFDs or spot contracts. FinecoBank takes the lead with an impressive 9,770 tradeable symbols compared to Axi's 175, reflecting a substantial difference in the investment options they provide. While Axi offers a greater number of forex pairs, with 65 compared to FinecoBank’s 54, FinecoBank distinguishes itself with access to exchange-traded securities on U.S. and international exchanges. This means their clients can directly invest in iconic stocks such as Apple and Vodafone, an option unavailable to Axi users who can primarily engage in CFD trading and copy trading.
In terms of cryptocurrency, neither platform allows for the purchase of actual cryptocurrencies, but Axi does offer cryptocurrency derivatives, which FinecoBank does not. Ratings echo these distinctions, with FinecoBank earning a stellar 4.5 stars for its range of investments versus Axi's 3.5 stars. When evaluated by ForexBrokers.com, FinecoBank secures a commendable #16 ranking, whereas Axi falls to #56 out of 62 brokers. These metrics portray FinecoBank as a more comprehensive platform for varied investment opportunities while Axi shines for those specifically interested in forex and crypto CFDs.
| 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 the trading platforms and tools offered by FinecoBank and Axi, distinct differences emerge that cater to different user needs. FinecoBank provides a proprietary platform developed in-house, available as both a Windows-based desktop download and a web-based trading platform. However, it does not offer support for MetaTrader 4 or 5, and lacks features like paper trading or copy trading, potentially limiting new or risk-averse traders. FinecoBank also does not allow trading directly from stock charts, which can be a drawback for more active traders preferring streamlined chart-to-trade functions. Despite these limitations, FinecoBank garners a solid 4-star rating for its trading platforms and tools, ranking at #17 out of 62 brokers on ForexBrokers.com, indicating strong platform satisfaction among its users.
Axi, on the other hand, integrates with MetaTrader 4, a widely popular platform among forex traders, but it does not offer a proprietary trading platform. It provides a Windows-based desktop download and a web-based platform, much like FinecoBank. Axi appeals to users interested in social trading via its copy trading feature and ZuluTrade integration, which allows users to follow the strategies of experienced traders. The availability of a free virtual demo account makes it a favorable choice for beginners. Moreover, Axi offers enhanced charting capabilities with 15 drawing tools and the option to trade directly from stock charts, providing a dynamic environment for technical analysis. Despite these offerings, Axi receives a slightly lower rating of 3.5 stars and ranks last at #62 in ForexBrokers.com's category for trading platforms and tools, suggesting some room for improvement in user satisfaction.
| 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 offered by FinecoBank and Axi, beginners will find distinct options to support their trading journeys. FinecoBank provides beginners with access to webinars held once a month and a useful investor dictionary that explains over 50 investment terms, making it easier for newcomers to grasp trading concepts. However, FinecoBank falls short in offering beginner educational resources specifically focused on forex or CFDs, with fewer than 10 dedicated pieces in these areas. On the bright side, they do provide more than 10 beginner-focused educational videos to help ease new traders into the world of trading.
Meanwhile, Axi stands out by supplying over 10 educational resources on forex and CFDs, offering a rich array of articles, videos, and more to deepen the understanding of these specific trading areas. Like FinecoBank, Axi also offers a monthly webinar and an investor dictionary to clarify complex financial terms. Both brokers lack advanced educational video resources for seasoned traders and a searchable archive of past webinars. Despite this, FinecoBank has a higher educational rating, with four stars compared to Axi's three, although Axi ranks higher at #27 versus FinecoBank's #49 in ForexBrokers.com's education category ranking.
| 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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| 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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