Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
Founded in 1999, FOREX.com is a well-established online broker that boasts a highly trusted reputation, as reflected in its perfect Trust Score rating of 99 on ForexBrokers.com. The company is also publicly traded, enhancing its transparency and accountability. With an impressive seven Tier-1 licenses denoting high trust, and one Tier-2 license, FOREX.com is a solid choice for traders looking for reliable and credible services.
Axi, on the other hand, entered the market in 2007 and holds a Trust Score rating of 82, identifying it as a trusted broker. While Axi is not publicly traded, it holds two Tier-1 licenses and one Tier-2 license, providing a decent level of reliability and trustworthiness to its clients. Both brokers are not banks, ensuring their sole focus is on providing brokerage services.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of FOREX.com and Axi, it's clear that both brokers have distinct offerings. FOREX.com, rated 4.5 stars for its commissions and fees, ranks #13 out of 62 brokers according to ForexBrokers.com. This broker provides various account types, like the Standard and RAW Spread accounts, each with their own fee structures. The Standard account, for instance, available to MetaTrader clients, generally incurs higher fees with average spreads of 1.4 pips on EUR/USD in the U.S., as of July 2023. Meanwhile, the RAW account offers competitive spreads as low as 0.13 pips and is commission-based, with potential discounts for high-volume traders.
On the other hand, Axi, rated 4 stars and ranked #44 for commissions and fees, does not provide average spread data, which might make it challenging for traders to gauge potential costs upfront. Though detailed comparison with specific figures is limited, Axi may appeal to traders looking for an alternative broker with its own set of features and benefits. While FOREX.com appears to have a slight edge in transparency with execution statistics and tier-based discounts, Axi remains a solid choice for traders prioritizing other aspects beyond fees.
In summary, choosing between FOREX.com and Axi for your trading needs depends on your trading volume and preference for account types. FOREX.com might be more attractive if you're a high-volume trader looking for more detailed cost insights and potential rebates. However, depending on your trading style, Axi may offer appealing features not captured in just a fee comparison. Both brokers bring unique advantages to the table based on their ratings and rankings, helping you make a more informed decision catered to your trading preferences.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com stands out in the investment landscape with a vast selection of over 5,500 tradeable symbols and 91 forex pairs, positioning it as a top choice for those seeking diversity in trading opportunities. Both FOREX.com and Axi provide forex trading options as CFDs or spot contracts, offering traders flexibility in their trading preferences. While neither platform allows the purchase of exchange-traded securities on U.S. or international markets, they both provide cryptocurrency derivatives to cater to those interested in digital assets. FOREX.com, however, does not offer copy trading, which Axi does, presenting a collaborative edge for Axi users looking to mirror successful traders.
In terms of investment range, FOREX.com is highly rated with 5 stars, reflecting its strong offering to customers. It also ranks 7th out of 62 brokers by ForexBrokers.com, a testament to its broad range of tradeable options. Axi, on the other hand, offers a narrower array with 175 tradeable symbols and 65 forex pairs, earning it a rating of 3.5 stars. Ranked at 55th by ForexBrokers.com, Axi may appeal to traders who appreciate the inclusion of copy trading, despite its more limited investment options compared to FOREX.com.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 175 |
| Forex Pairs (Total) | 91 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 the trading platforms and tools offered by FOREX.com and Axi, it's evident that both brokers provide fundamental features, including demo accounts, web-based platforms, and MetaTrader 4 (MT4). However, FOREX.com stands out by offering its own proprietary platform and MetaTrader 5 (MT5), while Axi supports copy trading and ZuluTrade but lacks a proprietary platform and MT5. Both brokers ensure that traders can operate on Windows-based platforms, giving users flexibility in accessing their trading accounts.
FOREX.com excels with its extensive charting tools and features, boasting 239 drawing tools compared to Axi's 15, along with the ability to trade directly from stock charts for both brokers. Additionally, FOREX.com offers a more comprehensive watchlist with 20 customizable fields, as opposed to Axi's 7. This advantage contributes to FOREX.com's superior rating of 5 stars and 7th rank out of 62 brokers for trading platforms and tools by ForexBrokers.com, whereas Axi receives a 3.5-star rating and ranks at 62nd place. These distinctions highlight the more advanced and diverse offerings of FOREX.com in catering to the needs of traders.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When considering mobile trading apps for forex trading, both FOREX.com and Axi offer iPhone and Android apps, making them accessible for most smartphone users. Both platforms provide crucial features like price alerts and the ability to draw trendlines and view multiple time frames on charts. However, there are distinct differences that may influence your choice of platform. FOREX.com enables watchlist symbol syncing across devices, meaning any changes made on the mobile app sync automatically with the online account. This feature is absent in Axi's app, which may require manual updating across platforms. FOREX.com also supports auto-saving of chart drawings, providing greater ease for users when managing their technical analyses on the go, a feature not available with Axi.
In terms of charting tools, FOREX.com offers an impressive 88 technical studies compared to Axi's 30, giving traders a more comprehensive toolkit for analysis. While both apps allow for the creation of watchlists with real-time quotes, FOREX.com has a significant edge in user satisfaction and performance rating, earning five stars in mobile trading app reviews. Axi, on the other hand, garners a more modest rating of 3.5 stars. This difference in user experience is reflected in the rankings by ForexBrokers.com, where FOREX.com is ranked as the third best out of 62 brokers, while Axi lags significantly behind at 59th. These contrasts suggest that traders who prioritize a seamless and feature-rich mobile trading experience may find FOREX.com to be the more appealing option.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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 comparing the market research offerings of FOREX.com and Axi, there are several factors to consider. FOREX.com provides daily market commentary, a feature that is absent on Axi's platform, lending a distinct advantage to those seeking daily insights. Both brokers offer forex news sourced from industry leaders like Bloomberg and Reuters. However, when it comes to analysis tools, Axi offers Autochartist for technical and fundamental research, whereas FOREX.com opts for Trading Central, which Axi lacks. Both platforms include sentiment-based trading tools and maintain economic calendars that keep users updated with global news events. This ensures traders have timely information for decision-making.
In terms of research quality, FOREX.com earns high marks, receiving 4.5 stars and ranking ninth among 62 brokers. This reflects its strong offerings in market research and tools. On the other hand, Axi, while competitive in some areas, is rated three stars and positioned at the fifty-fifth rank, indicating room for improvement. This side-by-side comparison reveals FOREX.com as a stronger choice for traders prioritizing comprehensive research options and analysis tools in their investment strategy.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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.
When it comes to educational resources for beginner traders, both FOREX.com and Axi provide valuable materials, but with some distinctions. FOREX.com offers a rich selection of educational content, including articles, videos, and archived webinars, all primarily focused on forex and CFDs. They also host webinars monthly and maintain a searchable archive of recorded webinars, offering flexibility for learners to study at their own pace. Additionally, FOREX.com provides educational videos tailored for both beginners and advanced traders, alongside an investor dictionary that clarifies over 50 investing terms. In contrast, while Axi also delivers a variety of educational pieces and regular webinars, it lacks a searchable archive of past webinars and offers educational videos mainly catered to beginner traders. Axi does, however, feature an investor dictionary similar to that of FOREX.com.
These differences in educational resources are reflected in their ratings and rankings. FOREX.com garners a 4.5-star rating for education and secures the 4th spot out of 62 brokers according to ForexBrokers.com, indicating a strong reputation in educational services. Meanwhile, Axi receives a 3-star rating and is ranked 26th, suggesting room for improvement in its educational offerings. For beginners seeking a comprehensive educational experience, FOREX.com may be the more robust choice, while Axi could serve as a solid starting point with some basic resources to get you going in the trading world.
| Feature |
FOREX.com
|
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 FOREX.com is better than Axi. FOREX.com finished with an overall rank of #5, while Axi finished with an overall rank of #49.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 82 |
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BOTH FOREX.com and Axi provide access to cryptocurrency derivatives, but neither offers the ability to buy the actual cryptocurrency for delivery.
FOREX.com provides ACH, SEPA, PayPal, Visa/Mastercard, and bank wires for deposits and withdrawals, 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 | FOREX.com | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
| Broker Screenshots | FOREX.com | Axi | |
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| Regulation | FOREX.com | Axi | |
|---|---|---|---|
| Trust Score | 99 | 82 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 175 | |
| Forex Pairs (Total) | 91 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Axi | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FOREX.com | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 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 | FOREX.com | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review |
| Overall | FOREX.com | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
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