Written by ForexBrokers.com
In this head to head comparison of Axi vs iFOREX, 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 iFOREX are both established names in the online trading world, having been founded in 2007 and 1996 respectively. Neither of these brokers is publicly traded or operates as a bank. Axi holds two Tier-1 licenses and one Tier-2 license, which contribute to its ForexBrokers.com Trust Score of 82, placing it in the 'trusted' category. In contrast, iFOREX has one Tier-1 license and no Tier-2 licenses, earning it a Trust Score of 75, which is considered an 'average risk'.
When choosing between Axi and iFOREX, potential traders might consider the regulatory environment each broker operates within. Axi's higher number of licenses and Trust Score suggest a stronger regulatory standing. On the other hand, iFOREX, with its longer operational history since 1996, offers significant experience, though its regulatory credentials are less comprehensive compared to Axi.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Year Founded | 2007 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Axi and iFOREX, both brokers offer distinct approaches to commissions and fees. Axi is rated 4 out of 5 stars and is ranked #44 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com. Unfortunately, specific average spread data is not available, but Axi's higher rating suggests generally favorable terms for traders looking to optimize their investment costs.
On the other hand, iFOREX receives a slightly lower rating of 3 out of 5 stars and is positioned at #60 in the same category. Again, average spread figures are not provided; however, iFOREX's lower ranking indicates that traders might encounter higher costs or less competitive pricing compared to other brokers. These aspects should be considered by potential clients when evaluating iFOREX's overall value.
In summary, for those prioritizing low commissions and fees, Axi stands out with a better rating and a higher ranking than iFOREX. While individual trading preferences will vary, Axi's more favorable position may offer an edge for traders seeking to minimize expenses within their trading activities.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 Axi and iFOREX, both online brokers provide options for forex trading using CFDs or spot contracts. Axi offers 175 tradeable symbols, including 65 forex pairs, while iFOREX provides a more extensive selection with 750 tradeable symbols and 88 forex pairs. Neither broker supports the trading of exchange-traded securities on U.S. or international exchanges, meaning clients cannot buy stocks like Apple on NASDAQ or Vodafone on the London Stock Exchange directly. Both platforms allow trading of cryptocurrency derivatives, although purchasers cannot acquire actual cryptocurrency through these brokers. However, only Axi supports copy trading, which can be a significant consideration for traders interested in mimicking the strategies of others.
Despite their similar ratings of 3.5 stars for their range of investments, iFOREX is ranked higher at #41 compared to Axi's #56 in the Range of Investments category by ForexBrokers.com. These rankings reflect the diversity of available trade options, where iFOREX's broader selection of symbols provides potential advantages for traders seeking variety. However, those interested in copy trading functionality might be more inclined to choose Axi. Overall, the choice between these brokers will largely depend on the individual trader's priorities regarding the number of available tradeable symbols and additional features like copy trading.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 750 |
| Forex Pairs (Total) | 65 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 of Axi and iFOREX, traders will notice some distinct differences. Axi provides a free virtual demo account, allowing newcomers to practice their trading strategies without any risk. In contrast, iFOREX does not offer this feature. Axi relies on popular third-party trading platforms, including the renowned MetaTrader 4 (MT4) and a Windows-based desktop application, providing users with a familiar and comprehensive trading environment. On the other hand, iFOREX boasts its own proprietary trading platform, catering to traders who prefer a unique and potentially more customized experience. Both brokers provide web-based trading platforms; however, Axi also includes copy trading through ZuluTrade, an opportunity not available with iFOREX.
Charting tools are another point of comparison, with Axi offering 15 drawing tools and iFOREX providing 25. Both brokers enable trading directly from stock charts, but iFOREX edges out Axi with 9 fields available for watch lists compared to Axi's 7. In terms of overall user ratings, iFOREX scores slightly higher with 4 stars for its trading platforms and tools, whereas Axi garners 3.5 stars. Rankings by ForexBrokers.com further illuminate this difference, placing iFOREX at #54 and Axi at #62 out of 62 brokers. These elements show that while Axi caters to those looking for established platforms and demo account accessibility, iFOREX is favored for its proprietary tools and broader charting capabilities.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Axi and iFOREX, both platforms are available for iPhone and Android users. Axi stands out by offering additional features like stock and forex price alerts and the ability to draw trendlines on charts. With more than 30 technical studies available to enhance chart analysis, Axi gives traders more comprehensive tools for market assessment. However, neither app auto-saves drawings or syncs watchlist symbols across devices. Notably, Axi users can create watchlists with real-time quotes, adding convenience for those keeping a close eye on market movements.
On the other hand, iFOREX does not provide stock or forex price alerts, trendline drawing capabilities, or the ability to view multiple time frames on charts through its mobile app. Though lacking these features, iFOREX boasts a higher user rating at 4 stars compared to Axi's 3.5 stars. In terms of industry rankings, iFOREX is placed slightly better at 55th amongst 62 brokers, while Axi ranks 59th in the Mobile Trading Apps category according to ForexBrokers.com. While both apps cater to basic trading needs, the choice may come down to the specific features one prefers in their mobile trading experience.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings between Axi and iFOREX, traders will find distinctive features with each broker. iFOREX emerges with an advantage in providing daily market commentary, which can be crucial for active traders seeking timely insights. Conversely, Axi excels in delivering forex news from renowned sources like Bloomberg and Reuters, a feature not offered by iFOREX. For traders relying on analytical tools, Axi collaborates with Autochartist, providing technical and fundamental analysis tools, while iFOREX supports tools from Trading Central, known for its Technical Analytics. Both brokers offer sentiment-based trading tools and maintain an economic calendar to track global economic events.
When it comes to research ratings, iFOREX slightly edges out Axi with a 3.5-star rating compared to Axi's 3-star rating. This is reflected in their rankings from ForexBrokers.com, where iFOREX is positioned at #48 out of 62 brokers for research, outperforming Axi, which is ranked #55 in the same category. While neither broker offers resources from companies like TipRanks or Acuity Trading, assessing their key differences can help traders choose the right platform tailored to their research needs.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| 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 comparing Axi and iFOREX for educational resources aimed at beginners in forex and CFD trading, both brokers offer unique features to consider. Axi stands out by providing a wealth of educational materials, including a minimum of 10 articles, videos, or webinars specifically focused on forex or CFDs. Additionally, Axi hosts monthly online educational webinars for its clients—although they do not maintain a searchable archive of past webinars. On the other hand, iFOREX falls short in offering a comparable range of educational content and does not provide monthly webinars for its clients.
Both Axi and iFOREX do offer educational videos designed for beginner traders, ensuring that newcomers can find helpful guidance when starting their trading journeys. However, neither broker provides more advanced video resources for experienced traders. Axi also offers an investor dictionary with over 50 defined investing terms, a resource iFOREX does not match. Despite these offerings, Axi is rated at three stars for education by ForexBrokers.com, ranking it 27th out of 62 brokers, whereas iFOREX, with slightly higher educational content ratings, receives 3.5 stars but ranks lower at 53rd place. This comparison showcases how Axi may cater more comprehensively to beginner traders, while iFOREX rates slightly higher in user satisfaction, according to third-party reviews.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. Axi finished with an overall rank of #49, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 75 |
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Both Axi and iFOREX do not allow users to purchase actual delivered cryptocurrencies, but they each provide the option to buy cryptocurrency derivatives.
When comparing online brokers Axi and iFOREX, neither offers ACH or SEPA transfers for deposits or withdrawals, iFOREX provides PayPal, while both brokers support Skrill, Visa, Mastercard, and bank wires as options for managing account funds.
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 | iFOREX | |
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| Trust Score | 82 | 75 | |
| Winner | check_circle | ||
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| Broker Screenshots | Axi | iFOREX | |
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| Regulation | Axi | iFOREX | |
|---|---|---|---|
| Trust Score | 82 | 75 | |
| Year Founded | 2007 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Axi | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 750 | |
| Forex Pairs (Total) | 65 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Axi | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Axi | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Axi | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | Axi | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Axi | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Axi | iFOREX | |
|---|---|---|---|
| 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 | |
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| Overall | Axi | iFOREX | |
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| Trust Score | 82 | 75 | |
| Winner | check_circle | ||
| Review |
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