Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Founded in 1999, Spreadex is a private online broker that operates without being publicly traded or functioning as a bank. With a Tier-1 license, deemed highly trusted by ForexBrokers.com, Spreadex holds a Trust Score of 71, positioning it within the average risk category. Despite its longer presence in the market, Spreadex falls short in comparison with brokers holding multiple high-trust licenses.
Meanwhile, Axi, established in 2007, also remains privately held and is not a bank. Axi boasts two Tier-1 licenses and an additional Tier-2 license, offering more layers of trust from regulatory bodies. With a Trust Score of 82, Axi is considered a trusted broker by ForexBrokers.com standards, providing a more reassuring option for traders looking for a reliable online trading experience.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of Spreadex and Axi, you'll find that each online broker holds a distinct place in the market. Spreadex provides competitive forex trading conditions, with an average spread of 0.81 pips for the EUR/USD currency pair as of January 2024. Notably, its minimum spread reached 0.6 pips 60% of the time during that month. Meanwhile, Axi does not have available data for average spreads, which might influence clarity for some traders considering their options.
Both brokers have garnered a commendable rating of 4 out of 5 stars for their commissions and fees, according to assessments by ForexBrokers.com. These ratings suggest that each broker effectively balances cost with value, meeting the needs of many traders. However, there is a noteworthy difference in their standings among peers; Spreadex ranks at #30 out of 62 brokers, outpacing Axi, which holds the #44 position.
In summary, while both Spreadex and Axi achieve strong ratings for their commissions and fees, Spreadex edges out slightly with more transparent and competitive spread information and a higher rank. For traders keen on knowing exact cost terms, Spreadex might provide more measurable insights into trading expenses. However, Axi remains a viable alternative if its platform’s other features align better with a trader's specific needs.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.81 | 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.
Spreadex and Axi both offer forex trading with CFDs or spot contracts, catering to traders interested in currency markets. While Axi provides a slight edge in the number of tradeable forex pairs with 65 options compared to Spreadex's 52, Spreadex makes up for it with a significantly broader range of tradeable symbols, offering 10,000 compared to Axi's 175. Neither broker allows clients to trade exchange-traded securities on U.S. or international exchanges, and both provide the opportunity to invest in cryptocurrency derivatives, though not actual cryptocurrencies.
When it comes to innovative trading features like copy trading, Axi takes the lead, offering this option to its users, unlike Spreadex. This additional feature may appeal to traders looking for a more social or automated trading experience. In terms of overall investment range, Spreadex boasts a higher rating of 5 stars, outranking Axi, which holds 3.5 stars, and also achieves a better position in the ForexBrokers.com ranking, coming in at #13 compared to Axi's #55. This might suggest that Spreadex is a more versatile choice for investors seeking extensive options, despite its lack of copy trading.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 175 |
| Forex Pairs (Total) | 52 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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). | 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.
Spreadex and Axi offer distinct features and choices for traders exploring their platforms and tools. Spreadex stands out with its proprietary web-based trading platform, delivering eight fields for watch lists and 11 drawing tools for charting. This broker enables trading directly from a stock chart, though it does not support MetaTrader options or simulated trading accounts. Spreadex is highly rated, earning four stars for its trading platforms and tools and securing the 46th position among 62 brokers in this category.
On the other hand, Axi provides traders with a variety of options, including a Windows desktop download platform, browser-based access, and acclaimed MetaTrader 4 support. It also offers simulated trading with a free virtual demo account, along with copy trading through ZuluTrade. While Axi provides slightly fewer drawing tools and watch list fields than Spreadex, it enhances the user experience with its diverse trading capabilities. Nonetheless, Axi is rated 3.5 stars for its platforms and tools, ranking 62nd out of 62 brokers in this sphere.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | No | 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) | 55 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and Axi provide iPhone and Android apps for easy mobile trading access, allowing users to trade stocks and forex from their smartphones. Both platforms offer handy features like price alerts and the ability to draw trendlines and view multiple time frames for better analysis. Users can also create watchlists with real-time quotes. However, one notable drawback for both is the lack of watchlist symbol syncing, meaning your lists in the mobile app won't automatically sync with your online account. Additionally, neither app saves chart drawings automatically.
When it comes to more in-depth charting, Axi stands out by offering 30 technical studies, whereas current data on Spreadex's technical studies is not available. Users of Spreadex have rated their app at an impressive four stars out of five for overall mobile trading experience. While Axi is not far behind with a rating of 3.5 stars, it ranks slightly lower at 59 out of 62 brokers on ForexBrokers.com, compared to Spreadex's rank of 49. Overall, Spreadex seems to have a slight edge over Axi in the mobile trading experience.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 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 it comes to market research offerings, Spreadex and Axi both present traders with valuable resources, though they differ in some key areas. Spreadex stands out with its daily market commentary, providing consistent insights for traders. It offers forex news from high-profile sources like Bloomberg and Reuters, paired with a helpful sentiment-based trading tool that shows the ratio of long and short positions across various instruments. Furthermore, Spreadex includes an economic calendar for current and upcoming global news events, earning it a four-star research rating and a respectable rank of #31 out of 62 brokers according to ForexBrokers.com.
Axi, while not providing daily market commentary, matches Spreadex by offering forex news from top-tier sources and a sentiment-based trading tool. Axi distinguishes itself by offering tools from Autochartist, aiding traders with technical analysis. Although lacking tools from Trading Central, TipRanks, and Acuity Trading, Axi does provide an economic calendar similar to Spreadex. However, these offerings contribute to a slightly lower rating of three stars and a more modest #55 ranking out of 62 brokers in the research category. Ultimately, both Spreadex and Axi equip traders with essential research tools, yet Spreadex appears to have a broader range of integrated services in this aspect.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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 the educational resources available to beginners from online brokers Spreadex and Axi, both platforms offer a solid foundation with more than 10 educational pieces focused on forex or CFDs. Additionally, each broker provides over 10 beginner videos dedicated to trading concepts and maintains an investor dictionary with over 50 terms. These resources are designed to support newcomers in understanding the core aspects of trading.
However, distinctions arise when considering specific offerings. Axi not only features monthly online educational webinars to engage clients but also boasts a superior rank on ForexBrokers.com at #26 in the Education category. Despite lacking webinars, Spreadex is rated higher with 4 stars for education compared to Axi's 3 stars, reflecting positively on its educational materials. Neither broker offers a searchable archive of past webinars or advanced educational video content specifically for seasoned traders, leaving room for growth in catering to experienced audiences.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Spreadex is better than Axi. Spreadex finished with an overall rank of #39, while Axi finished with an overall rank of #49.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 82 |
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Both Spreadex and Axi do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to purchase cryptocurrency derivatives.
While both Spreadex and Axi do not support ACH, SEPA, or PayPal for depositing or withdrawing funds, they each offer Visa, Mastercard, and bank wire options; however, Axi additionally supports Skrill, unlike Spreadex.
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 | Spreadex | Axi | |
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| Trust Score | 71 | 82 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | Axi | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | Axi | |
|---|---|---|---|
| Trust Score | 71 | 82 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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) | Yes | 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) | Spreadex | 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 | Spreadex | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 175 | |
| Forex Pairs (Total) | 52 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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). | 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 | Spreadex | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | 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 | Spreadex | 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 | Spreadex | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 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 | Spreadex | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | Axi | |
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| Trust Score | 71 | 82 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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