Written by ForexBrokers.com
In this head to head comparison of IronFX 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.
IronFX and Axi are both reputable online brokers that provide services to global traders. Founded in 2010, IronFX holds three Tier-1 licenses, which reflects a high level of trust according to ForexBrokers.com. It has earned a Trust Score of 83, placing it in the trusted category. Since IronFX is not publicly traded and not a bank, it maintains a streamlined focus on its brokerage services.
On the other hand, Axi was established in 2007 and carries two Tier-1 licenses alongside one Tier-2 license. With a Trust Score of 82, it also falls into the trusted bracket as defined by ForexBrokers.com. Similar to IronFX, Axi is not listed on a stock exchange and does not operate as a bank, enabling it to specialize in financial trading offerings without the complexities of a banking institution.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Year Founded | 2010 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing IronFX and Axi on commissions and fees, both brokers earn a 4-star rating but have distinct pricing structures. IronFX exhibits higher than average spreads, with a typical spread of 1.8 pips for their Standard variable spread account. Their zero fixed-spread account offers starting spreads at zero but includes a $18 commission per lot, and spreads can widen to 3 pips overnight.
On the other hand, Axi does not provide average spread data, making a direct comparison more challenging. Despite this, Axi matches IronFX's 4-star rating for commissions and fees. Both brokers fall in the middle of the pack when ranked by ForexBrokers.com, with IronFX positioned at #47 and Axi slightly ahead at #44 out of 62 brokers in the Commissions and Fees category.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 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 IronFX and Axi for their range of investments, both platforms offer forex trading as CFDs, providing clients with the opportunity to engage in foreign exchange without owning the underlying assets. IronFX stands out with a larger selection of tradeable symbols, featuring 340 options compared to Axi's 175. This includes 83 forex pairs available through IronFX, while Axi offers 65 pairs. Despite the broader range, neither IronFX nor Axi extends options for purchasing exchange-traded securities directly on U.S. or international exchanges, meaning traditional stock investments, such as shares in Apple or Vodafone, are not available through these brokers.
For those interested in copy trading, both IronFX and Axi support this feature, allowing traders to mirror the strategies of others. However, when it comes to cryptocurrency, both platforms provide only derivative trading without the option to buy actual digital coins. In terms of investment range ratings, both IronFX and Axi are rated 3.5 out of 5 stars, reflecting a balanced offering in their investment categories. On the industry benchmark set by ForexBrokers.com, IronFX ranks slightly higher at #51 compared to Axi's #55 out of 62 brokers, indicating a marginal advantage in their investment product offerings.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 175 |
| Forex Pairs (Total) | 83 | 65 |
| 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). | 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.
IronFX and Axi both offer comprehensive trading platforms that cater to different trader needs. Each provides a simulated (paper) trading experience through free virtual demo accounts, which is ideal for beginners to practice without risking real money. Both brokers enable trading through MetaTrader 4 (MT4) and provide Windows-based desktop platforms as well as web-based browser platforms, making it easy to trade from a variety of devices. Although neither offers a proprietary platform, they both support copy trading and allow users to trade directly from stock charts, enhancing the trading experience. A major difference between the two is that while Axi is integrated with ZuluTrade for additional social trading capabilities, IronFX does not feature this option. However, both brokers offer 15 drawing tools for charting and have seven columns for watch lists, ensuring robust chart analysis and market monitoring.
When scrutinizing their effectiveness, both IronFX and Axi have received a 3.5-star rating for their Trading Platforms and Tools. According to ForexBrokers.com, IronFX ranks 60th out of 62 brokers, slightly ahead of Axi, which sits at 62nd. For traders choosing between these two, it's essential to consider specific features like ZuluTrade integration if social trading is a priority. Otherwise, their offerings appear quite similar, providing essential tools for everyday trading tasks, though neither supports MetaTrader 5 (MT5) or DupliTrade. Ultimately, choosing between them would depend on a trader's unique needs and preferences in a trading platform.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | 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 considering mobile trading apps, both IronFX and Axi offer compatibility for iPhone and Android devices. Traders using either app can receive stock or forex price alerts, enabling them to stay informed on-the-go. However, neither IronFX nor Axi provides the convenience of watchlist symbol syncing. This means watchlists in the mobile app do not sync automatically with the user's online account. In terms of charting capabilities, both apps offer an equal number of technical studies at 30, the ability to draw trendlines, and to view various time frames, such as daily, weekly, or intraday. For users who value auto-saving of chart drawings, IronFX has an upper hand, as Axi does not support this feature.
When creating a watchlist, both IronFX and Axi allow for the inclusion of real-time quotes, facilitating timely market observations. Despite these similar functionalities, neither app excels in user ratings, with both receiving 3.5 out of 5 stars for their mobile trading capabilities. Notably, when ranked by ForexBrokers.com among 62 brokers, IronFX is positioned at #61 while Axi fares slightly better at #59. This ranking highlights subtle differences in user experience and satisfaction that might influence traders when choosing between these two apps.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| 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 | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing IronFX and Axi for market research offerings, IronFX provides daily market commentary, giving traders regular insights, whereas Axi does not. Both brokers ensure access to high-quality forex news from top sources like Bloomberg and Reuters. In terms of technical analysis tools, IronFX partners with Trading Central, providing in-depth analytics, whereas Axi stands out with its tools from Autochartist. Additionally, Axi offers a sentiment-based trading tool that tracks long or short positions across various instruments, an option IronFX does not provide. However, neither broker offers research tools from TipRanks or Acuity Trading.
Both IronFX and Axi include an economic calendar that tracks global economic events crucial for traders. IronFX secures a higher research rating of 4 out of 5 stars compared to Axi's 3 stars. Furthermore, in rankings by ForexBrokers.com, IronFX holds the 28th position among 62 brokers for its research capabilities, while Axi is lower at 55th place. This evaluation suggests that IronFX may have a slight edge over Axi in providing comprehensive research resources for traders seeking detailed market analysis.
| Feature |
IronFX
|
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 | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both IronFX and Axi provide a solid starting point for beginners with at least 10 educational content pieces such as articles, videos, and webinars focused on forex and CFDs. However, when it comes to webinars, Axi stands out by offering monthly live sessions to help new traders learn in real-time, while IronFX does not provide this option. On the flip side, IronFX compensates with a searchable archive of past webinars, a feature that Axi lacks, allowing users to revisit previously recorded sessions at their convenience.
For video resources targeting beginners, both brokers deliver with over 10 educational videos to guide newcomers through trading basics. Neither platform, however, offers advanced educational videos for more experienced traders. In the realm of dictionaries, both IronFX and Axi supply comprehensive investor dictionaries with over 50 terms explained, making it easier for beginners to grasp essential trading vocabulary. Despite being rated 4 stars for educational offerings, IronFX takes the #44 spot among 62 brokers, while Axi, with a 3-star rating, ranks better at #26.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | 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 IronFX is better than Axi. IronFX finished with an overall rank of #48, while Axi finished with an overall rank of #49.
IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where IronFX has room to further improve as spreads appeared higher than the industry average.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 82 |
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Both IronFX and Axi do not allow for the purchase of actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
Both IronFX and Axi offer Skrill, Visa/Mastercard, and bank wire options for depositing and withdrawing account funds, but neither supports ACH, SEPA, or PayPal transactions.
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 | IronFX | Axi | |
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| Trust Score | 83 | 82 | |
| Winner | check_circle | ||
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| Broker Screenshots | IronFX | Axi | |
|---|---|---|---|
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| Regulation | IronFX | Axi | |
|---|---|---|---|
| Trust Score | 83 | 82 | |
| Year Founded | 2010 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IronFX | 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) | IronFX | 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 | IronFX | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 175 | |
| Forex Pairs (Total) | 83 | 65 | |
| 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). | 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 | IronFX | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | Axi | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | IronFX | Axi | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | IronFX | Axi | |
|---|---|---|---|
| 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 | IronFX | Axi | |
|---|---|---|---|
| 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 | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | IronFX | 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IronFX | 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 |
| Overall | IronFX | Axi | |
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| Trust Score | 83 | 82 | |
| Winner | check_circle | ||
| Review |
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