Written by ForexBrokers.com
In this head to head comparison of Octa 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.
Octa and Axi are online brokerage firms with distinct regulatory profiles that cater to different levels of trader trust. Founded in 2011, Octa holds one Tier-1 license and one Tier-2 license, which contributes to its ForexBrokers.com Trust Score of 72. While it is not publicly traded and does not operate as a bank, Octa is still positioned within the average risk bracket, making it a viable option for traders looking for a platform with moderate regulatory oversight.
On the other hand, Axi, established in 2007, holds two Tier-1 licenses, making its regulatory standing stronger in comparison. It also possesses one Tier-2 license, enhancing its overall reliability. Axi's dedication to providing trusted services is reflected in its Trust Score of 82, which falls in the trusted category according to ForexBrokers.com. Like Octa, Axi is neither publicly traded nor a bank, but its higher trust score and additional licensing might appeal to more cautious traders.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Year Founded | 2011 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers Octa and Axi in terms of commissions and fees, both brokers receive a 4-star rating. However, Octa is ranked slightly higher at #29 compared to Axi's #44 according to ForexBrokers.com. Octa has put significant effort into improving its pricing structure, moving closer to being among the lowest-cost MetaTrader brokers. It notably features no slippage on 97.5% of executed orders and doesn't impose overnight carry costs. That said, certain restrictions may affect high-frequency traders at Octa.
Octa's commission and fee structure significantly depend on the account type and the regulating entity. For its European clients, Octa uses its EU entity exclusively offering MT5 accounts, while international clients have the option of MT4 and MT5 accounts through either its South African or offshore entity in Mwali. Spread pricing for Octa also varies; the average spread for the EUR/USD pair is more competitive under the EU entity at 0.5 pips, compared to 0.9 pips for foreign entities. However, the lack of an accompanying date range on their spread data can make it difficult to verify this claim.
On the other hand, Axi does not provide average spread data, which could be a critical factor for traders who prioritize transparency in trading costs. Despite this, both brokers maintain a commendable reputation with their 4-star ratings, highlighting their competitive stance in the market, though Octa inches ahead in specific areas of pricing and overall ranking.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Minimum Deposit | $25 | $0 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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 available range of investments at Octa and Axi, both platforms offer forex trading through CFDs or spot contracts. Octa provides a wider selection of tradeable symbols, boasting 300 compared to Axi's 175. However, if you’re focusing specifically on forex pairs, Axi offers a greater variety with 65 pairs versus Octa's 35. Neither platform allows direct purchases of exchange-traded securities on U.S. exchanges, but Octa stands out by offering exchange-traded securities on international exchanges, something Axi does not provide.
For those interested in copying trades, both Octa and Axi support copy trading. When it comes to cryptocurrency options, each platform offers the ability to trade cryptocurrency derivatives but not actual cryptocurrencies. In terms of ratings, both Octa and Axi receive 3.5 stars for their range of investments, though Octa slightly edges out Axi in rankings by ForexBrokers.com, placing 52nd compared to Axi's 56th out of 62 brokers assessed. Overall, these aspects make both platforms competitive but with different strengths depending on your investment needs.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 175 |
| Forex Pairs (Total) | 35 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Both Octa and Axi provide traders with the ability to practice using a demo account, making it simple for beginners to familiarize themselves with the trading environment without risking real money. Octa stands out with its in-house developed trading platform, offering a unique experience not found with Axi, which relies on MetaTrader 4 (MT4), a popular choice among traders. While both brokers provide comprehensive desktop and web-based platforms, traders looking for more advanced tools like MetaTrader 5 (MT5) will find that it is only available through Octa. Both brokers offer the well-known MT4 platform, but when it comes to features like copy trading, Octa and Axi are equally matched, though Axi has the additional option of ZuluTrade.
Charting capabilities are vital for effective trading decisions, and both Octa and Axi offer a suite of drawing tools and the facility to trade directly from stock charts. While specific details on the number of technical indicators aren't provided, the availability of 15 drawing tools ensures robust chart visualization. When constructing watchlists, both brokers allow for 7 columns of data, which is helpful for organizing key market information. Overall, Octa edges slightly ahead in terms of platform features and user ratings, earning a 4-star rating compared to Axi’s 3.5 stars. On a broader scale, Octa is ranked 37th, significantly higher than Axi's 62nd position out of 62 brokers for Trading Platforms and Tools according to ForexBrokers.com.
| Feature |
Octa
|
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) | 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 the mobile trading apps of Octa and Axi, both platforms offer apps available on iPhone and Android devices. Users can receive stock or forex alerts on either app and create watchlists with real-time quotes. Both Octa and Axi provide 30 technical studies for charting and support for drawing trendlines, as well as the ability to view charts across multiple time frames including daily, weekly, and intraday. However, only Octa's app automatically saves drawings on charts, which could be a deciding factor for users who want their technical analysis efforts preserved seamlessly.
While neither platform supports watchlist symbol syncing with online accounts, meaning changes made on the mobile app won't reflect online, Octa edges Axi slightly with a higher user rating of 4 stars compared to Axi's 3.5 stars. Additionally, ForexBrokers.com ranks Octa at #35 among 62 brokers, a more favorable position than Axi's #59 ranking, suggesting a more trusted mobile trading experience on Octa by industry standards.
| Feature |
Octa
|
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 Octa and Axi for their market research offerings, Octa stands out by providing daily market commentary, giving traders regular insights into the latest developments. Both brokers deliver forex news from top-tier sources like Bloomberg and Reuters and offer tools from Autochartist, aiding traders in technical analysis. However, neither Octa nor Axi features tools from Trading Central, nor do they include research from TipRanks or Acuity Trading, leaving certain advanced analytical options unexplored.
While Octa lacks a sentiment-based trading tool that reflects market positions, Axi caters to traders interested in market mood by offering this feature. Both brokers excel in keeping users informed about economic events with comprehensive economic calendars. Despite these similarities and differences, Octa's research capabilities are reflected in a higher rating of 4 stars compared to Axi's 3 stars, with Octa holding the 26th rank against Axi's 55th in the research category, according to ForexBrokers.com assessments of 62 brokers.
| Feature |
Octa
|
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 | No | 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 available for beginners, both Octa and Axi provide a solid foundation in forex and CFD trading. Each offers more than 10 educational pieces, including articles, videos, and webinars, covering essential trading topics. Both brokers provide monthly webinars for personalized learning experiences. However, Octa takes a step further by archiving these webinars for future reference, a feature that Axi lacks. Both platforms boast a selection of at least 10 beginner-friendly videos, though Octa also caters to advanced traders with an additional set of videos, whereas Axi does not.
Both brokers provide a comprehensive investor dictionary with over 50 trading terms to help beginners understand complex jargon. Despite these efforts, Octa is rated higher in education with 4 stars, compared to Axi's 3 stars. However, Axi holds a better rank in the Education category by ForexBrokers.com, listed at #27, while Octa comes in at #42. This comparison highlights the strengths and areas where each broker excels, allowing beginners to choose the one that best suits their educational needs.
| Feature |
Octa
|
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 Octa is better than Axi. Octa finished with an overall rank of #47, while Axi finished with an overall rank of #49.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 82 |
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Both Octa and Axi do not offer the ability to purchase actual (delivered) cryptocurrency but provide options for trading cryptocurrency derivatives.
When comparing online brokers Octa and Axi, both do not support ACH or SEPA transfers or PayPal for fund transactions, yet they both offer Skrill, Visa, Mastercard, and bank wires as viable options for depositing or withdrawing 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 | Octa | Axi | |
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| Trust Score | 72 | 82 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | Axi | |
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| Regulation | Octa | Axi | |
|---|---|---|---|
| Trust Score | 72 | 82 | |
| Year Founded | 2011 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | No | 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) | Octa | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Octa | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 175 | |
| Forex Pairs (Total) | 35 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Octa | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | Axi | |
|---|---|---|---|
| Minimum Deposit | $25 | $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 | Octa | 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 | Octa | 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 | Octa | 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 | Octa | 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Octa | 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 | Octa | 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 | Octa Review |
| Overall | Octa | Axi | |
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| Trust Score | 72 | 82 | |
| Winner | check_circle | ||
| Review | Octa Review |
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