Written by ForexBrokers.com
In this head to head comparison of Saxo 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 Saxo and Axi, several factors stand out, especially concerning their regulatory credentials. Saxo, established in 1992, is also a bank and holds an impressive seven Tier-1 licenses, which are rated as highly trusted by ForexBrokers.com. This contributes to its top-tier trust score of 99 out of 99, making it a very secure choice for traders. Axi, founded in 2007, is not a bank but still maintains a commendable level of trust with two Tier-1 licenses. Its Trust Score of 82 indicates a strong level of reliability, though slightly less than Saxo.
Neither Saxo nor Axi is publicly traded, which means they are not listed on a stock exchange. Both brokers hold an additional Tier-2 license, which signifies a trusted status. While Saxo's long-standing presence and banking credentials offer a high level of reassurance, Axi also presents itself as a reliable option, especially for those who prioritize regulated trading environments. In summary, both brokers have built credible reputations, with Saxo having a slightly higher trust rating and a stronger global regulatory presence compared to Axi.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Year Founded | 1992 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Saxo offers highly competitive pricing structures, particularly for active and high-volume traders with significant account balances. As of November 2023, the average spreads for EUR/USD were 1.1, 1.0, and 0.9 pips for their Classic, Platinum, and VIP accounts, respectively, with the Platinum and VIP account spreads aligning closely with industry norms. Saxo's Classic account generally has higher spreads, though they have recently lowered the minimum deposit to $0 for new customers globally. Saxo's compensation relies on making money from the spread, as most of their forex trading is commission-free except for smaller trades under 50,000 units per month, which incur a $3 per side ticket fee. Saxo excels with a 5-star rating for commissions and fees and ranks 9th out of 62 brokers according to ForexBrokers.com.
On the other hand, Axi does not specifically detail average spread data, offering a more simplified structure without the need for frequent pricing adjustments. Although offering fewer details on customized account benefits compared to Saxo, Axi provides a straightforward fee setup that some traders may find easier to navigate. In terms of ratings, Axi holds a respectable 4-star score for commissions and fees, being ranked 44th in the same ForexBrokers.com survey. Despite the simpler fee layout, it is evident that Saxo's extensive account benefits and competitive structure may cater better to intensified trading strategies, particularly for those engaging in higher volumes.
Both Saxo and Axi compete as online brokers with Saxo distinguished by its tiered accounts featuring financial incentives for large-volume traders and exclusive VIP benefits, while Axi offers a more simplified approach. Ultimately, the choice between these brokers may align with individual trading needs - specifically weighing the potential cost savings and perks against account requirements and minimums. Traders considering either broker will benefit from comparing these specifications to ensure the selection best suits their personal trading style and financial goals.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | 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 comparing the investment offerings of Saxo and Axi, Saxo clearly provides a more comprehensive selection. Saxo users have access to a substantial array of 70,000 tradeable symbols, while Axi offers considerably fewer, with 175 options. In the realm of forex trading, both brokers allow trading as CFDs or spot contracts; however, Saxo outshines Axi again by providing 190 tradeable forex pairs compared to Axi’s 65. Furthermore, Saxo allows traders to invest directly in exchange-traded securities on both U.S. and international exchanges, such as purchasing shares of Apple or Vodafone. In contrast, Axi does not offer access to exchange-traded securities in this way.
Both Saxo and Axi facilitate copy trading and the trading of cryptocurrency derivatives, though neither broker supports the purchase of actual cryptocurrencies. Reflecting the broad scope of its investment offerings, Saxo holds a top-tier rating of 5 stars for its range of investments, ranking it third out of 62 brokers according to ForexBrokers.com. Meanwhile, Axi, with a rating of 3.5 stars, is positioned significantly lower at 55th place. This comparison highlights Saxo's superior capacity to cater to a diverse range of investment interests.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 175 |
| Forex Pairs (Total) | 190 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | 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.
When comparing trading platforms and tools between Saxo and Axi, both brokers provide simulated trading with free virtual demo accounts. Saxo stands out with its proprietary platform, which offers a personalized experience for traders, whereas Axi relies on industry-recognized platforms. Both brokers provide Windows-based and web-based trading platforms, catering to various user needs. However, Saxo does not support MetaTrader 4; Axi not only offers MT4 but also supports ZuluTrade for enhanced social trading features. Saxo offers a more extensive range of drawing tools with 20 options, compared to Axi's 15, providing traders with more resources for chart analysis.
Saxo enables users to trade directly from stock charts, a feature that is also available with Axi. Saxo excels in watch list customization, offering an impressive 60 columns for organizing market data, far surpassing Axi's 7 columns. This comprehensive set of tools contributes to Saxo's top-tier rating of 5 stars for Trading Platforms and Tools, ranking it first out of 62 brokers according to ForexBrokers.com. Axi, on the other hand, receives a satisfactory 3.5-star rating and places last in the same category. The difference in rankings highlights Saxo's comprehensive approach to providing user-friendly, feature-rich platforms compared to Axi's more basic offerings.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | 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 | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Saxo and Axi offer versions compatible with iPhone and Android devices. Users can receive stock or forex price alerts on both apps to keep them informed on the go. Saxo offers seamless watchlist symbol syncing between its mobile app and the client's online account, ensuring consistency across platforms. However, Axi lacks this syncing feature, requiring users to manually update watchlists between devices. In charting features, Saxo provides more depth with 64 technical studies compared to Axi’s 30. Both apps allow users to draw trendlines and view multiple time frames, but only Saxo’s app automatically saves chart drawings for easy access later.
For those interested in watchlists with real-time quotes, both Saxo and Axi meet this need effectively. However, in terms of user reviews and rankings, Saxo leads with a 5-star rating for its mobile trading app, while Axi holds a 3.5-star rating. According to ForexBrokers.com, Saxo shines as the #2 broker out of 62 for mobile trading apps, demonstrating its strong reputation and user satisfaction. On the other hand, Axi is ranked at #59, indicating significant room for improvement in user experience and app performance.
| Feature |
Saxo
|
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 it comes to market research, Saxo outshines Axi by offering a comprehensive array of tools and information. Saxo provides daily market commentary, helping investors stay informed about the latest market trends. Both Saxo and Axi deliver forex news sourced from top-tier outlets like Bloomberg and Reuters, ensuring access to high-quality information. Additionally, both brokers offer essential tools from Autochartist, supporting clients in their technical and fundamental analysis endeavors. However, neither broker includes tools from Trading Central or Acuity Trading, nor do they provide insights from TipRanks. On the sentiment analysis front, both Saxo and Axi cater to traders needing to monitor market sentiment with a ratio of long and short positions across currencies and other instruments.
For users seeking an economic calendar that displays significant world events, both Saxo and Axi meet this need. Despite these similarities, Saxo holds a significant edge over Axi in overall research rating and ranking. Saxo boasts a 5-star research rating, earning the top spot among 62 brokers evaluated by ForexBrokers.com. In contrast, Axi is rated at 3 stars and ranks 55th in the same list. This distinction highlights Saxo's commitment to providing exceptional research resources, making it a favorable choice for clients prioritizing in-depth market analysis and information.
| Feature |
Saxo
|
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 Saxo and Axi for educational resources aimed at beginners, both online brokers offer over 10 educational materials, including articles and videos, focused on forex and CFDs, making them good options for novice traders. Both platforms provide monthly live webinars to engage their clients. However, Saxo stands out by offering a searchable archive of these webinars, allowing users to revisit sessions at their convenience, a feature Axi does not provide.
Saxo and Axi each provide at least 10 beginner-oriented videos. However, while Saxo also extends its educational content to advanced traders with over 10 specialized videos, Axi does not cater to this more experienced audience in the same manner. Furthermore, Saxo includes a comprehensive investor dictionary, similar to Axi’s offering, with definitions of at least 50 investing terms. Reflecting these aspects, Saxo receives a higher education rating of 5 stars, ranking 13th out of 62 brokers, whereas Axi scores 3 stars, placing it at 26th in the education category according to ForexBrokers.com.
| Feature |
Saxo
|
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 Saxo is better than Axi. Saxo finished with an overall rank of #3, while Axi finished with an overall rank of #49.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 82 |
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Both Saxo and Axi lack the option to purchase actual (delivered) cryptocurrency, but they each provide the ability to trade cryptocurrency derivatives.
While both Saxo and Axi provide Visa, Mastercard, and bank wire options for depositing or withdrawing funds, only Axi additionally supports Skrill, whereas neither broker offers ACH, SEPA, or PayPal as transaction methods.
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 | Saxo | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Saxo Review |
| Broker Screenshots | Saxo | Axi | |
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| Regulation | Saxo | Axi | |
|---|---|---|---|
| Trust Score | 99 | 82 | |
| Year Founded | 1992 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Saxo | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 175 | |
| Forex Pairs (Total) | 190 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | 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 | Saxo | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Saxo | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Saxo | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 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 | Saxo | 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 | Saxo | 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 | Saxo | 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 | Saxo | 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 | Saxo Review |
| Overall | Saxo | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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