Written by ForexBrokers.com
In this head to head comparison of Axi vs FXOpen, 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.
Axi and FXOpen are both established names in online trading, with Axi founded in 2007 and FXOpen in 2003. Neither of them is publicly traded or operates as a bank. When it comes to regulation, both brokers hold two Tier-1 licenses, marking them as highly trusted players in the market. However, Axi goes a step further by also holding a Tier-2 license, adding to its credibility.
In terms of trust ratings from ForexBrokers.com, Axi scores an 82 out of 99, placing it in the "trusted" category. FXOpen, on the other hand, receives a 76, which positions it at an "average risk" level. This regulatory and trust score information can help potential traders in assessing which broker may better suit their needs.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Year Founded | 2007 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, Axi offers competitive options that make it a viable choice for traders. While specific average spread data is unavailable, Axi has earned a commendable rating of 4 out of 5 stars for its commission and fee structure, indicating a favorable experience for its users. In the ranking by ForexBrokers.com, Axi stands at #44 out of 62 brokers for the Commissions and Fees category, showcasing its strength in providing value to its clients.
Similarly, FXOpen also maintains a strong position in the realm of commissions and fees. Although average spread information isn't provided, FXOpen matches Axi with a 4-star rating out of 5, highlighting its similar commitment to customer satisfaction. Additionally, FXOpen is ranked #45 out of 62 brokers on ForexBrokers.com for the Commissions and Fees category, offering a competitive edge in its pricing structure.
Both Axi and FXOpen score equally on the star rating scale for commissions and fees; however, Axi edges slightly ahead in the overall ranking with ForexBrokers.com. Whether you choose Axi or FXOpen, both brokers provide competitive fee structures, making them attractive choices for traders seeking cost-effective trading solutions.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 the investment offerings of Axi and FXOpen, both brokers provide forex trading through CFDs or spot contracts. Axi, however, stands out by offering a broader selection of 175 tradeable symbols, including 65 forex pairs, compared to FXOpen's 87 symbols and 25 forex pairs. Neither platform supports the purchase of exchange-traded securities from U.S. or international markets. If you're interested in cryptocurrency, both brokers allow trading in cryptocurrency derivatives, but not in purchasing actual digital coins.
Both Axi and FXOpen provide copy trading options, allowing clients to replicate successful trading strategies. In terms of ratings, Axi receives a 3.5-star rating for its range of investments, while FXOpen scores 3 stars. These differences are also reflected in their ForexBrokers.com rankings, where Axi is placed at #55 out of 62 brokers, and FXOpen is at #61, indicating a moderate advantage for Axi when it comes to investment variety.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 87 |
| Forex Pairs (Total) | 65 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by Axi and FXOpen, both brokers provide customers with essential features, starting with free virtual demo accounts that allow simulated trading without actual risk. Neither offers proprietary platforms, but they do provide widely used platforms like MetaTrader 4 (MT4) along with Windows-based desktop and web-based interfaces. While Axi does not support MetaTrader 5 (MT5), FXOpen offers this more advanced version, providing more trading options for users who seek additional functionality.
Copy trading is a feature available with both brokers through ZuluTrade, enhancing social trading experiences. However, other platforms like DupliTrade are not supported by either broker. For traders focused on charting, both Axi and FXOpen present users with 15 drawing tools and support trading directly from charts. Watch lists are efficiently organized with seven fields for better monitoring of assets. Despite these similarities, FXOpen holds a slight edge over Axi, earning a higher rating of 4 stars for trading platforms and tools compared to Axi's 3.5 stars. According to ForexBrokers.com, FXOpen ranks 53rd out of 62 brokers in this category, outperforming Axi, which ranks last at 62nd.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| 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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | 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.
When comparing the mobile trading apps of Axi and FXOpen, both brokers offer significant features for traders on the go. Axi and FXOpen each provide downloadable apps for iPhones and Android devices, ensuring accessibility across multiple platforms. Traders using either app can receive timely stock or forex price alerts and enjoy the ability to draw trendlines and view charts across various time frames. Each app also offers up to 30 technical studies for charting, enhancing the analytical capabilities for users. Additionally, real-time quotes are available while creating watchlists, although neither platform supports watchlist symbol syncing with the online account, nor do they automatically save chart drawings.
While both apps offer substantial trading tools, they differ slightly in user ratings and industry rankings. FXOpen's mobile app garners a rating of 4 stars, slightly surpassing Axi's app, which holds 3.5 stars. This difference is echoed in their rankings by ForexBrokers.com, where FXOpen is positioned at #54 compared to Axi’s rank at #59 out of 62 brokers. These distinctions might suggest a marginally better user experience for FXOpen, but both apps provide comprehensive functionalities suitable for mobile trading.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | 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 exploring market research offerings from Axi and FXOpen, there are distinct differences worth noting. Axi does not provide daily market commentary, unlike FXOpen, which ensures users are updated with daily insights. Both platforms deliver forex news from renowned sources such as Bloomberg and Reuters, catering to traders who rely on verified information. Axi enhances its offering with Autochartist tools for technical and fundamental analysis, a feature FXOpen lacks. In addition, Axi includes a sentiment-based trading tool that highlights long and short positions across currency pairs, an option unavailable with FXOpen. On the other hand, neither broker offers trading tools from Trading Central or Acuity Trading, nor do they provide market research from TipRanks.
Both brokers facilitate an economic calendar showcasing global news events, maintaining a level playing field in this regard. In terms of research excellence, Axi and FXOpen are both rated three stars out of five, suggesting moderate satisfaction among users. However, their standings in the ForexBrokers.com ranking for research reveal Axi as slightly more favorable, positioned at 55th out of 62 brokers, while FXOpen is ranked at 62nd. These metrics provide insights into their relative strengths and may guide traders in choosing a broker that aligns best with their research needs.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 beginners, Axi and FXOpen present different offerings. Axi provides a comprehensive foundation with over 10 educational pieces focused on forex and CFDs, accessible via articles, videos, and similar content. They also host monthly online webinars tailored for clients, although there is no searchable archive of these webinars. For newcomers to trading, Axi offers over 10 beginner-focused educational videos, ensuring a valuable learning path for those just starting. Additionally, Axi includes an investor dictionary with more than 50 investing terms to aid learners in familiarizing themselves with trading jargon. Both brokers have the dictionary feature, but FXOpen falls short in other educational areas with less than 10 educational pieces and no beginner or advanced video content.
Despite both receiving a 3-star rating for education, Axi stands out with a significantly higher ranking from ForexBrokers.com, placed at #27 compared to FXOpen's #58 out of 62 brokers. While neither broker offers advanced educational video content or a searchable webinar archive, Axi’s offerings uniquely cater to beginners with ample resources to enhance their initial trading journey. On the other hand, FXOpen may need to expand its educational materials to match its competitors in providing beginner traders with a well-rounded learning experience.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 Axi is better than FXOpen. Axi finished with an overall rank of #49, while FXOpen finished with an overall rank of #54.
Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available and a limited range of investment products, Axi lags behind the best multi-asset brokers.
| Feature |
Axi
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 76 |
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Both Axi and FXOpen do not provide the option to buy actual (delivered) cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives, allowing investors to speculate on price movements without owning the underlying asset.
In comparing online brokers Axi and FXOpen, neither offers ACH or SEPA transfers or PayPal for depositing or withdrawing funds; however, both support Skrill, Visa or Mastercard, and bank wire transfers for their clients.
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 | Axi | FXOpen | |
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| Trust Score | 82 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | Axi | FXOpen | |
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| Regulation | Axi | FXOpen | |
|---|---|---|---|
| Trust Score | 82 | 76 | |
| Year Founded | 2007 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Axi | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Axi | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Axi | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 87 | |
| Forex Pairs (Total) | 65 | 25 | |
| 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). |
| Cost | Axi | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | Axi | FXOpen | |
|---|---|---|---|
| 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | Axi | FXOpen | |
|---|---|---|---|
| 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 | Axi | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Axi | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Axi | FXOpen | |
|---|---|---|---|
| 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 |
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| Trust Score | 82 | 76 | |
| Winner | check_circle | ||
| Review |
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