Written by ForexBrokers.com
In this head to head comparison of Questrade 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.
Questrade and Axi are both well-established online brokers, with Questrade founded in 2000 and Axi in 2007. Neither company is a publicly traded entity nor operates as a bank. In terms of regulatory standings, both brokers hold two Tier-1 licenses, which indicates a high level of trust according to ForexBrokers.com. Questrade does not have any Tier-2 licenses, while Axi holds one. This variation leads to a slight difference in their trust scores, with Questrade earning an 86 and Axi an 82, both within the trusted range.
Choosing between Questrade and Axi may come down to personal preferences and requirements, as both offer strong credibility in the marketplace. Investors can feel confident knowing that both brokers operate under rigorous regulatory standards, underscoring their commitment to maintaining a trustworthy trading environment. Whether you're attracted to Questrade's longer history or Axi's regulatory balance, both brokers stand out as reliable choices for online trading enthusiasts.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Year Founded | 2000 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, Questrade and Axi offer distinct experiences for their users. Questrade has a target spread on the EUR/USD pair at 1.9 pips, which is relatively high when stacked against the industry's average rates. This higher-than-average spread might impact traders who prioritize cost-effectiveness. Questrade, therefore, earns a 3 out of 5-star rating for commissions and fees, placing it at #57 out of 62 brokers ranked by ForexBrokers.com.
In contrast, Axi does not provide specific average spread data, making direct cost comparisons more challenging. However, it still earns a solid 4 out of 5-star rating for its commissions and fees, suggesting a more economical choice for traders in search of lower trading costs. Within ForexBrokers.com's rankings, Axi claims the #44 spot out of 62 brokers.
Overall, while Questrade might offer value in areas beyond fees, Axi stands out as the more price-competitive option among these two brokers, according to available ratings and rankings.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Minimum Deposit | $250 | $0 |
| Average Spread EUR/USD - Standard | N/A | 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) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, Questrade and Axi cater to different types of investors. Questrade excels with a broader selection, offering 641 tradable symbols and 110 forex pairs, allowing clients to trade a wide variety of assets. This includes access to exchange-traded securities on both U.S. and international exchanges, although Questrade does not offer copy trading. While it lacks the ability to buy actual cryptocurrencies, investors can engage in cryptocurrency derivatives. This diverse offering ranks Questrade a high 5 out of 5 stars in range of investments, placing it 11th among 62 brokers evaluated by ForexBrokers.com.
In contrast, Axi focuses on a more condensed range, providing 175 tradable symbols and 65 forex pairs. While it does not support trading actual exchange-traded securities, either on U.S. or international exchanges, Axi offers copy trading features and the ability to invest in cryptocurrency derivatives. It presents a straightforward approach to those seeking forex and CFD trading without dealing in actual cryptocurrencies. Consequently, Axi's range of investments earns it a 3.5-star rating and 56th position among 62 brokers on ForexBrokers.com.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 175 |
| Forex Pairs (Total) | 110 | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing Questrade and Axi in terms of trading platforms and tools, both brokers provide certain unique offerings that cater to the diverse needs of traders. Questrade stands out with its in-house developed proprietary platform, offering a customized trading experience for users along with the opportunity for paper trading through a virtual demo account. It provides a comprehensive suite of trading solutions including a Windows-based desktop platform and a browser-based platform, but it does not support the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Instead, Questrade offers tools like DupliTrade and ample charting possibilities with 20 drawing tools and capability to trade directly from stock charts, along with extensive watch list options of 52 columns.
On the other hand, Axi differentiates itself by supporting MetaTrader 4, a well-regarded choice in the trading community, and also facilitates copy trading through platforms like ZuluTrade, which allows traders to follow and copy strategies from seasoned traders. Axi offers both Windows-based and web-based platforms, similar to Questrade, but lacks a proprietary platform. Although Axi’s charting features include 15 drawing tools and trading directly from stock charts, the watch list functionality is more limited with only 7 columns. Axi also provides a demo account option for risk-free practice. With ratings of 4 stars for Questrade and 3.5 stars for Axi on trading platforms and tools, and their respective rankings of #34 and #62 by ForexBrokers.com, it's clear that Questrade may offer a more feature-rich environment for traders seeking a wider variety of tools. However, Axi caters well to those who prioritize flexibility in platform choices and the benefits of copy trading.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Questrade and Axi come equipped with offerings for iPhone and Android users. They provide useful features like stock and forex price alerts, and both allow you to draw trendlines and view a variety of time frames on charts. However, if keeping your watchlists consistent across platforms is important to you, Questrade stands out with its ability to sync watchlists between the mobile app and online account, a feature Axi lacks.
In addition, Questrade users can benefit from a broader range of tools, offering 64 technical studies for chart analysis compared to Axi's 30. Questrade also offers the convenience of automatically saving chart drawings, whereas this feature is absent in Axi's app. When it comes to user ratings, Questrade receives a solid 4 stars, placing them at #34 out of 62 brokers in ForexBrokers.com's Mobile Trading Apps category. Meanwhile, Axi garners 3.5 stars, ranking them at #59. If charting tools and watchlist syncing are priorities, Questrade might be the better option for you.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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 evaluating market research offerings between Questrade and Axi, there are both similarities and distinctions to consider. Neither of the brokers provides daily market commentary, but they differ in their sources of forex news updates. Axi offers insights from prominent names like Bloomberg and Reuters, while Questrade does not. However, when it comes to technical analysis tools, both companies provide resources from Autochartist, though Questrade extends its offerings with additional tools from Trading Central, which Axi lacks. On the other hand, Axi does feature sentiment-based trading tools that Questrade does not, giving traders a feel for market positions across various instruments.
Both brokers supply economic calendars to keep clients informed of global economic events, though Axi's market research lacks contributions from TipRanks, unlike Questrade. Neither company has research tools from Acuity Trading. When it comes down to assessments, Questrade holds a slight edge with a 3.5-star rating for research as per ForexBrokers.com, placing it 51st out of 62 brokers, whereas Axi is ranked 55th with a 3-star rating. Overall, if news from top-tier forex suppliers is a priority, Axi might serve you better, but for those seeking comprehensive analysis tools, Questrade presents a compelling choice.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources tailored for beginners, both Questrade and Axi provide a solid foundation for learning about forex and CFDs. With over 10 educational pieces each, including articles, videos, and archived webinars, newcomers can gain a broad understanding of trading basics. However, while Questrade falls short of offering monthly online educational webinars, Axi meets this need. Conversely, Questrade provides a searchable archive of recorded webinars, a feature absent in Axi's offerings. Both platforms shine in delivering at least 10 beginner-oriented videos on trading topics, ensuring that novices can start their journey with a wealth of information.
Axi distinguishes itself further with an investor dictionary containing definitions for over 50 investing terms, a tool that can be especially beneficial for users seeking to expand their financial vocabulary. However, neither platform excels in advanced educational content; neither offers a significant collection of videos aimed at experienced traders. As a result, Questrade and Axi have received educational ratings of 3.5 and 3 stars, respectively. In rankings by ForexBrokers.com, Questrade is placed at #36, while Axi sits at #27, reflecting their respective strengths and areas for improvement in providing educational resources.
| Feature |
Questrade
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Questrade is better than Axi. Questrade finished with an overall rank of #32, while Axi finished with an overall rank of #49.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 82 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
While neither Questrade nor Axi allows the purchase of actual delivered cryptocurrency, both platforms support trading cryptocurrency derivatives, offering investors access to digital asset price movements without owning the underlying assets.
When comparing online brokers Questrade and Axi, both do not support ACH or SEPA transfers, nor do they allow transactions via PayPal; however, while Questrade differs by not supporting Skrill, Axi does, and both brokers enable fund deposits and withdrawals through Visa, Mastercard, and bank wires, offering versatile and convenient financial options to users.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Questrade | Axi | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Axi | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Questrade | Axi | |
|---|---|---|---|
| Trust Score | 86 | 82 | |
| Year Founded | 2000 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | Yes | 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). | No | No |
| Tier-2 Licenses (Trusted) | Questrade | 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 | Questrade | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 175 | |
| Forex Pairs (Total) | 110 | 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). |
| Cost | Questrade | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | No | Yes |
| Funding | Questrade | Axi | |
|---|---|---|---|
| Minimum Deposit | $250 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | 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 | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Questrade | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | 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 | 64 | 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 | Questrade | Axi | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | 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) | No | Yes |
| Major Forex Pairs | Questrade | 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 | Questrade Review |
| Overall | Questrade | Axi | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill