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 evaluating online brokers Octa and Axi based on commissions and fees, Octa shows significant improvement in its pricing strategy and is positioning itself among the lowest-cost MetaTrader brokers. A key advantage of choosing Octa is the absence of slippage on 97.5% of executed orders and no overnight carry costs, although some restrictions may affect high-frequency traders. The fees and commissions at Octa vary depending on the type of account chosen and the entity regulating it, with European clients adhering to the EU branch and international clients having options in South Africa or under its offshore entity in Mwali. While Octa provides average spread data, the lack of a date range for this information means comparisons may not be entirely precise.
Axi, on the other hand, does not provide detailed average spread data, making it challenging to directly compare its pricing to Octa's in this regard. With both Octa and Axi securing a rating of four stars out of five for commissions and fees, they are evenly matched in this category. However, Octa is ranked higher, securing the 28th position out of 62 brokers according to ForexBrokers.com, while Axi is placed at the 44th position. This indicates a slight edge for Octa in terms of competitive pricing and value for traders looking for low-cost trading conditions.
| 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 investment options between Octa and Axi, both online brokers allow clients to trade forex as CFDs or spot contracts. Octa provides a greater overall selection with 257 tradeable symbols compared to Axi’s 175. However, Axi shines in the forex department, offering 65 tradable forex pairs, while Octa provides 35. Neither broker allows trading of exchange-traded securities on U.S. exchanges, but Octa stands out by enabling access to international markets, unlike Axi. Both platforms support copy trading and cryptocurrency derivatives, although they do not offer the option to buy actual cryptocurrencies.
In terms of investment range, Octa and Axi both receive a rating of 3.5 stars. Despite Octa's wider array of total symbols and access to international exchanges, both brokers are comparably ranked within the industry. Octa is ranked #52 while Axi follows closely at #55 according to ForexBrokers.com’s range of investments category. This suggests that while their offerings differ slightly, both brokers maintain a similar standing in the competitive landscape of online trading platforms.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 257 | 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 comparing the mobile trading apps offered by Octa and Axi, both platforms provide apps for iPhone and Android users, ensuring accessibility across popular devices. Traders using Octa and Axi can both receive price alerts for stocks and forex, which can help you stay informed on market movements. Though both apps allow the drawing of trendlines and viewing charts across multiple timeframes, only Octa's app automatically saves chart drawings, giving it an edge in this area. Both apps also provide the ability to create watchlists with real-time quotes, although neither supports syncing watchlists with a client's online account.
Octa and Axi are similar in that they each offer 30 technical studies for charting within their apps, catering to traders who rely on technical analysis. Octa, however, is rated higher, receiving 4 out of 5 stars for its mobile trading experience, while Axi is scored at 3.5 stars. Reflecting these ratings, Octa claims a better position in the Mobile Trading Apps category by ForexBrokers.com, coming in at #36 out of 62 brokers, whereas Axi ranks at #59. Overall, both apps offer robust features, but Octa's higher user rating and ranking suggest a slightly more favorable user experience.
| 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 it comes to educational resources for beginners, both Octa and Axi provide a solid foundation for newcomers eager to learn about forex or CFDs. They each offer over 10 educational materials such as articles, videos, and webinars that focus on these trading subjects. For those who enjoy structured learning, both brokers hold online educational client webinars regularly, at least once a month. However, Octa takes it a step further by providing a searchable archive of past webinars, allowing users to revisit sessions at their own pace—a feature that Axi does not offer.
For visual learners, both platforms have more than 10 beginner-focused educational videos, making it easier for traders to get started. However, Octa also caters to experienced traders with over 10 advanced video lessons, which sets it apart from Axi. Both brokers offer an investor dictionary with definitions for over 50 investing terms, ensuring that users can quickly familiarize themselves with essential trading jargon. Overall, Octa receives a higher education rating of 4 stars, compared to Axi's 3 stars, although Axi is ranked slightly higher at #26 in ForexBrokers.com's Education category, while Octa holds the #41 spot out of 62 brokers.
| 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) | 257 | 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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