Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA and Axi are both reputable online brokers but differ significantly in their levels of regulatory oversight and perceived trustworthiness. Founded in 1996, OANDA holds seven Tier-1 licenses, placing it in the highly trusted category with a Trust Score of 93 according to ForexBrokers.com. This high trust score reflects its solid reputation in the financial world. Despite being privately held and not being a bank, OANDA's extensive regulatory approvals give traders confidence in its credibility and operational standards.
On the other hand, Axi, established in 2007, has achieved a Trust Score of 82, indicating a trusted status but not as strong as OANDA. Axi holds two Tier-1 licenses and one Tier-2 license. Like OANDA, Axi is privately owned and not a bank. While it offers decent security, potential investors should consider that it holds fewer top-tier licenses, which might influence their decision, depending on how important regulatory backing and trust scores are in their trading activities.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Year Founded | 1996 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing OANDA to Axi regarding their commissions and fees, both brokers offer competitive pricing but with distinct differences. OANDA is known for its convenient automated execution across accounts, though it doesn’t boast the lowest fees, with its spreads on the higher side when compared to industry leaders. OANDA’s regular pricing averages 1.61 pips on the EUR/USD pair, which can be higher than brokers offering sub-pip spreads. However, OANDA also offers a core pricing option with lower spreads and a commission of $5 per $100,000 traded, resulting in a slightly lower total cost compared to its default pricing model.
Axi, on the other hand, doesn't publicly provide average spread data, making direct cost comparisons a bit challenging. Both OANDA and Axi earned a rating of 4 out of 5 stars for their commissions and fees. However, when it comes to the category ranking among 62 brokers at ForexBrokers.com, OANDA ranks at #34, ahead of Axi, which is ranked at #44. Despite the lack of detailed spread data from Axi, both brokers maintain comparable ratings, affirming their positions as strong contenders in the field.
Notably, OANDA offers additional flexibility with its minimum trade size, allowing for transactions as small as 1 unit. For those who trade actively, OANDA provides a rebate program in specific regions alongside subscription reimbursements for TradingView. This feature provides added value to frequent traders, presenting an advantage over brokers without such programs. Despite OANDA's efforts in promoting transparency through trailing averages for spreads, the inability to pinpoint specific periods makes precise comparisons difficult. In contrast, Axi's pricing structure remains less detailed but holds its own through competitive offerings.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 online brokers OANDA and Axi, there are clear distinctions that cater to different trading needs. OANDA boasts a large selection with 3,928 tradeable symbols, surpassing Axi's 175. Both platforms provide a robust selection of forex pairs, with OANDA offering 68 to Axi's 65. While neither broker allows clients to invest in exchange-traded securities like U.S. or international stocks directly, they both facilitate forex trading through CFDs or spot contracts, and offer copy trading features.
In the realm of cryptocurrency, OANDA offers more flexibility by allowing the purchase of actual cryptocurrencies, whereas Axi confines its offerings to cryptocurrency derivatives. This difference contributes to OANDA's slightly higher 4-star rating for its range of investments, compared to Axi’s 3.5 stars. Additionally, rankings by ForexBrokers.com place OANDA at #27 out of 62 brokers in the Range of Investments category, while Axi is ranked at #55, highlighting a wider and more diverse investment portfolio from OANDA.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 175 |
| Forex Pairs (Total) | 68 | 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) | Yes | 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 exploring the trading platforms and tools offered by OANDA and Axi, both brokers provide users with the convenience of free virtual demo accounts for simulated trading. OANDA stands out with a proprietary platform developed in-house, offering flexibility to traders who favor custom solutions. In contrast, Axi relies on established platforms like MetaTrader 4, which is available at both brokers. Although Axi does not support MetaTrader 5, a more modern option provided by OANDA, it does offer ZuluTrade for users interested in social trading. Both platforms support web-based and Windows applications, granting traders access to feature-rich environments.
When it comes to technical tools, OANDA shines with an impressive 431 drawing tools available for charting, significantly more than the 15 available through Axi. However, Axi slightly edges out OANDA with one additional watch list column, providing up to seven fields. Both brokers enable trading directly from charts, enhancing the user experience for chart-driven decisions. Despite OANDA receiving a slightly higher rating of four stars compared to Axi's 3.5 stars, OANDA also ranks higher overall, positioned at 15th by ForexBrokers.com, while Axi lags as the 62nd out of 62 brokers. Overall, OANDA offers a more comprehensive platform, appealing to traders seeking both traditional and innovative trading experiences.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both OANDA and Axi offer convenient iPhone and Android applications for their users. These apps allow traders to receive stock or forex price alerts, form real-time watchlists, and draw trendlines on charts. They also offer multiple time frame views and a range of 30 technical studies for detailed chart analysis. However, while neither OANDA nor Axi provides watchlist symbol syncing between their mobile apps and online accounts, OANDA has the added advantage of automatically saving drawings on charts—something Axi does not currently offer.
Despite these similarities, user ratings and rankings highlight a difference in experiences. OANDA boasts a 5-star rating for its mobile trading app, securing the #7 spot among 62 brokers according to ForexBrokers.com. Axi, on the other hand, holds a 3.5-star rating and ranks #59 in the same list. These distinctions suggest that while both platforms provide essential tools for trading on-the-go, OANDA is perceived as offering a more polished and user-friendly mobile experience.
| Feature |
OANDA
|
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 the online brokers OANDA and Axi, it's clear that OANDA stands out in offering comprehensive market research tools. OANDA provides daily market commentary and sources forex news from reputed outlets like Bloomberg and Reuters. It also comes equipped with tools for technical and fundamental analysis from Autochartist. A valuable feature OANDA offers is a sentiment-based trading tool, showing real-time trading sentiment across currencies. For traders keen on staying informed, OANDA includes an economic calendar to track global news events. In contrast, while Axi also offers forex news from top-tier sources and tools from Autochartist and features an economic calendar, it lacks other daily insights such as market commentary, resulting in fewer research resources overall.
In terms of quality evaluation, OANDA is rated higher with a 5-star research rating, compared to Axi’s 3 stars. When stacked against 62 brokers, OANDA's research prowess secures a prestigious 5th place ranking on ForexBrokers.com, while Axi finds itself further down at 55th. Despite both brokers lacking tools from Trading Central and Acuity Trading, OANDA's extensive research offerings provide a richer experience, especially for those who rely heavily on daily insights and sentiment analysis to make informed trading decisions.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | 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 comparing the educational resources for beginners offered by OANDA and Axi, both brokers start strong by providing more than ten educational materials, including articles, videos, and archived webinars, focused on forex and CFDs. They also conduct monthly online educational webinars, making it easier for beginners to engage with live learning experiences. However, OANDA offers a significant advantage with its searchable archive of previously recorded webinars, an option that Axi currently lacks. This archived content can be particularly beneficial for learners who prefer the flexibility of accessing educational resources at their convenience.
Both brokers offer a robust selection of at least ten videos targeting beginner traders, helping newcomers gain essential knowledge about trading topics. OANDA, however, further distinguishes itself by offering ten advanced educational videos, catering to traders looking to deepen their expertise, while Axi does not provide this level of advanced content. Additionally, both brokers offer an investor dictionary with over 50 investing terms to boost comprehension in trading language. Overall, OANDA's educational offerings received a commendable rating of 5 stars compared to Axi's 3 stars, contributing to its higher ranking of #22 versus Axi's #27 out of 62 brokers on ForexBrokers.com for educational resources.
| Feature |
OANDA
|
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 OANDA is better than Axi. OANDA finished with an overall rank of #12, while Axi finished with an overall rank of #49.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 82 |
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In comparing online brokers, OANDA offers both the ability to buy actual delivered cryptocurrency and cryptocurrency derivatives, while Axi provides access only to cryptocurrency derivatives but not to actual delivered cryptocurrencies.
In the comparison of online brokers, OANDA stands out by offering more diverse payment options than Axi, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Axi provides Skrill, Visa or Mastercard, and bank wire options but lacks PayPal and ACH or SEPA transfer capabilities.
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 | OANDA | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | Axi | |
|---|---|---|---|
| Trust Score | 93 | 82 | |
| Year Founded | 1996 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | 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) | OANDA | 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 | OANDA | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 175 | |
| Forex Pairs (Total) | 68 | 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) | Yes | 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 | OANDA | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | OANDA | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | 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 | OANDA | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | 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 | OANDA | 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 | OANDA Review |
| Overall | OANDA | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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