Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
When comparing online brokers Plus500 and Axi, regulatory oversight and trustworthiness are key factors for prospective traders. Established in 2008, Plus500 is a publicly traded company, which adds a level of transparency and accountability. In contrast, Axi, founded a year earlier in 2007, remains privately owned. Neither of these brokers are banks, but they are both recognized by reputable regulatory agencies. Plus500 boasts six Tier-1 licenses and three Tier-2 licenses, reflecting its strong position as a highly trusted broker with a stellar Trust Score of 99, according to ForexBrokers.com.
On the other hand, Axi has obtained two Tier-1 licenses and one Tier-2 license, earning a solid Trust Score of 82, which indicates it is a trusted broker, though not as highly rated as Plus500. For those prioritizing top-notch regulatory compliance and rigorous oversight, Plus500 might be the preferred choice. Meanwhile, Axi still remains a reliable option for those seeking a trusted trading partner, though with slightly less regulatory coverage and trust ratings than its counterpart.
| Feature |
Plus500
|
Axi
|
|---|---|---|
| Year Founded | 2008 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers Plus500 and Axi, Plus500 emerges slightly pricier, with its pricing structure marginally above the industry average. It also falls behind leading forex brokers like IG or Saxo in terms of active trader pricing. Although Plus500 does not provide retail clients with discounts, it does offer cash rebates for those qualifying as Professional clients. For the EUR/USD currency pair, Plus500's spreads averaged 1.5 pips in April 2024, which is higher than the industry average.
Axi, on the other hand, does not have publicly available data on average spreads, making a direct comparison challenging. Nonetheless, both Plus500 and Axi have received similar ratings for their commissions and fees. Plus500 earns a 4.0-star rating in this area, while Axi also garners 4 stars, indicating they are on par in terms of customer satisfaction for cost-related aspects.
In the ForexBrokers.com ranking for the Commissions and Fees category, Plus500 holds the #25 position out of 62 brokers, suggesting a relatively competitive standing. Meanwhile, Axi is ranked #44, indicating it might lag behind some of its peers in this specific category. By comparing these aspects, potential investors can gauge which broker may align better with their needs based on fees and commission structures.
| Feature |
Plus500
|
Axi
|
|---|---|---|
| Minimum Deposit | €100 | $0 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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 range of investments available at Plus500 and Axi, prospective traders will find significant differences between the two platforms. Plus500 stands out with a vast array of 5,500 tradeable symbols, including 65 forex pairs, giving investors a diverse selection to explore. Notably, Plus500 provides access to exchange traded securities on U.S. and international exchanges, allowing users to directly purchase well-known stocks like Apple and Vodafone. In contrast, Axi offers 175 tradeable symbols with the same 65 forex pairs. However, Axi does not support direct purchasing of exchange traded securities from U.S. or international exchanges.
For those interested in copy trading, Axi is an attractive option as it offers this feature, whereas Plus500 does not. Both platforms provide opportunities to trade cryptocurrency derivatives, although neither allows the purchase of actual cryptocurrencies. In terms of range of investments, Plus500 boasts a higher rating of 4.5 stars and ranks 24th out of 62 brokers according to ForexBrokers.com. Axi, on the other hand, receives a 3.5-star rating for its range of investments and ranks 55th in the same category, highlighting Plus500's broader investment options.
| Feature |
Plus500
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 175 |
| Forex Pairs (Total) | 65 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 Plus500 and Axi, Plus500 emerges as a strong contender with its proprietary, web-based trading platform and a comprehensive suite of 22 drawing tools for charting. It also offers a free virtual demo account for newcomers to practice risk-free. However, Plus500 does not support popular MetaTrader platforms or copy trading, and lacks the ability to trade directly from a stock chart. Despite these limitations, it still enjoys a 4.5-star rating for its trading platforms and tools and ranks 14th out of 62 brokers according to ForexBrokers.com.
On the other hand, Axi provides a more traditional trading experience with a Windows-based desktop platform and access to MetaTrader 4, which is favored by many traders. It also supports copy trading and ZuluTrade, offering more options for those who prefer social trading. Axi’s platform includes a respectable 15 drawing tools and the ability to trade directly from charts, yet it falls short with fewer columns for watch lists. While it provides a free demo account similar to Plus500, Axi is rated 3.5 stars for its trading platforms and tools, placing it at 62nd in the ForexBrokers.com ranking.
| Feature |
Plus500
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 114 | 30 |
| Charting - Drawing Tools (Total) | 22 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Plus500 and Axi provide their users with mobile trading applications available for iPhone and Android devices. They each offer stock and forex price alerts, along with the capability to create watchlists with real-time quotes. However, one of the standout differences between the two is that Plus500 allows users to sync their watchlists across different platforms, ensuring seamless management of their trading assets. Axi, on the other hand, lacks this watchlist syncing feature, which might require traders to manually update their lists across devices.
When it comes to technical features, Plus500 seems to have the upper hand. Their mobile app provides 110 technical studies for charting compared to Axi's 30. Both allow users to draw trendlines and display charts over multiple time frames, such as daily or intraday. However, neither app saves these drawings automatically. In terms of overall user satisfaction, Plus500 is rated 4.5 stars for its mobile trading experience, placing it at number 14 out of 62 brokers on ForexBrokers.com. Axi, with a 3.5-star rating, ranks 59th in the same category, indicating room for improvement in its mobile offering.
| Feature |
Plus500
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers Plus500 and Axi, several differences stand out that potential investors should consider. Plus500 provides daily market commentary and features a sentiment-based trading tool to help inform trading decisions. Additionally, they offer technical analysis tools from the renowned company Trading Central. An economic calendar keeping traders updated on global news events further enhances their offerings, leading to a solid 4.0-star rating for research, placing them at a respectable 19th rank out of 62 brokers according to ForexBrokers.com.
In contrast, Axi stands out with its provision of forex news from top-tier sources such as Bloomberg and Reuters, keeping traders well-informed with real-time global updates. This is complemented by technical analysis tools from Autochartist, which can aid traders in identifying market patterns. Like Plus500, Axi offers a sentiment-based trading tool and maintains an economic calendar. Despite these features, their overall research services are rated at 3 stars and rank 55th among 62 brokers in the research category, highlighting a more limited appeal compared to Plus500 for those prioritizing comprehensive market insights.
| Feature |
Plus500
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources for beginners, both Plus500 and Axi offer a comprehensive suite of materials to help new traders get started with forex and CFDs. Plus500 provides a wealth of over ten educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. Axi matches this with its own collection. Both platforms also present monthly online educational client webinars, ensuring ongoing learning opportunities. Plus500 takes it a step further by offering a searchable archive of previous webinars, a helpful tool for those who wish to revisit past content, whereas Axi currently does not provide this feature. In terms of beginner videos, both brokers deliver over ten videos specifically tailored for those new to trading.
For traders looking for advanced content, Plus500 stands out with more than ten advanced educational videos available, whereas Axi falls short in this category. On the other hand, Axi offers an extensive investor dictionary with definitions for over 50 investing terms, a resource that Plus500 does not include. Based on their educational offerings, Plus500 earns a commendable rating of 4.0 stars, placing it at rank #31 out of 62 brokers, according to ForexBrokers.com. Axi comes in slightly lower, with a 3-star rating, ranked #26. Both brokers present strong educational resources for beginners, but the choice between them may depend on whether you prioritize archived webinar access or a comprehensive investor dictionary.
| Feature |
Plus500
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Plus500 is better than Axi. Plus500 finished with an overall rank of #14, while Axi finished with an overall rank of #49.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 82 |
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Both Plus500 and Axi provide options for trading cryptocurrency derivatives, but neither platform offers the ability to purchase actual, delivered cryptocurrencies.
In comparing the online brokers, Plus500 distinguishes itself by offering PayPal alongside Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals, while Axi supports Skrill, Visa, Mastercard, and bank wire payments but not PayPal, with both platforms not providing ACH or SEPA transfer options.
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 | Plus500 | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | Axi | |
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| Regulation | Plus500 | Axi | |
|---|---|---|---|
| Trust Score | 99 | 82 | |
| Year Founded | 2008 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | 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) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 175 | |
| Forex Pairs (Total) | 65 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | Axi | |
|---|---|---|---|
| Minimum Deposit | €100 | $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 | No | No |
| Trading Platforms | Plus500 | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Plus500 | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 114 | 30 | |
| Charting - Drawing Tools (Total) | 22 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 110 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Plus500 | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | 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) | No | Yes |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review |
| Overall | Plus500 | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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