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 online brokers Spreadex and Axi, several factors come into play that may impact a trader’s decision. Spreadex offers an average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips achieved 60% of the time in January 2024. Unfortunately, similar average spread data is not available for Axi, making a direct comparison more challenging. Nevertheless, both brokers strive to deliver competitive spreads for their clients.
In terms of ratings, both Spreadex and Axi are evenly matched, each earning a respectable 4 out of 5 stars for their commissions and fees. This suggests that users can expect good value and competitive pricing structures from either broker, though specifics will vary according to trading styles and market conditions.
Spreadex holds a stronger position in industry rankings by ForexBrokers.com, coming in at #27 out of 62 brokers for the Commissions and Fees category. Axi is ranked at #44, suggesting that while both brokers perform well, Spreadex offers a slightly more competitive edge in terms of pricing. Traders considering either broker should weigh these factors along with their personal trading 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.
When comparing the range of investments offered by Spreadex and Axi, it is evident that both online brokers present unique strengths. Spreadex shines with an impressive selection of over 10,000 tradeable symbols, whereas Axi offers 175. This extensive choice from Spreadex is paired with the availability of 52 forex pairs, while Axi provides a slightly higher number of 65 forex pairs. Despite both brokers offering CFDs on forex trading, neither offers the purchasing of physical securities on U.S. or international exchanges. Cryptocurrency derivatives are accessible with both brokers, although neither supports the purchase of actual digital currencies.
Spreadex has received a five-star rating for its range of investments, ranking 13th out of 62 brokers on ForexBrokers.com. This high rating is largely due to its broad selection of tradeable symbols. In contrast, Axi has a rating of 3.5 stars, placing it at 56th in the same category. Axi does offer the option of copy trading, which might appeal to some investors, while this feature is absent with Spreadex. Overall, while Spreadex boasts a broader spectrum of investment choices, Axi provides a solid alternative with its specific offerings, making the decision a matter of personal trading preferences.
| 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.
When comparing the trading platforms and tools of Spreadex and Axi, both brokers offer simulated trading with free virtual demo accounts, making them accessible to traders of all levels. Spreadex shines with its in-house developed proprietary platform, allowing users to trade directly from stock charts and offering 11 drawing tools for enhanced charting. While it lacks support for MetaTrader 4 and 5, its web-based platform ensures traders can access their accounts from anywhere. In contrast, Axi offers both a web-based and Windows desktop download platform, integrating the highly popular MetaTrader 4 for enhanced trading capabilities. This suits those who prefer established platforms but it doesn't come with a proprietary platform option. Additionally, Axi supports copy trading and ZuluTrade, providing a social trading aspect not available with Spreadex.
For traders focused on analytical precision, Axi stands out with 15 drawing tools, offering slightly more flexibility in technical analysis compared to Spreadex. However, when examining watch list features, Spreadex takes the lead with eight columns for watch lists against Axi’s seven. Despite its comprehensive platform suite, Axi scores 3.5 stars for trading platforms and tools, ranking last among 62 brokers according to ForexBrokers.com. On the other hand, Spreadex is rated with 4 stars and ranks #46, highlighting a stronger position in terms of platform offerings. Whether you prioritize proprietary platforms or advanced analytical tools will likely influence which broker suits your trading style best.
| Feature |
Spreadex
|
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) | 58 | 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.
When choosing between Spreadex and Axi for mobile trading apps, both provide readily available apps for iPhone and Android users, ensuring full accessibility across devices. Both platforms also offer stock and forex price alerts and the capability to draw trendlines directly on charts. This enables users to stay informed and visualize market trends on the go. Additionally, you can create watchlists with real-time quotes on both apps; however, synchronization of these watchlists with your online account isn't possible on either platform. Although both apps allow viewing charts in multiple time frames such as daily or weekly, Spreadex doesn't specify its offering of technical studies for chart analysis, while Axi includes 30 technical studies to aid in conducting detailed analyses.
Moreover, users seeking to save their chart drawings might need to consider other options, as neither app autosaves drawings on stock or forex charts. Despite some limitations, Spreadex edges ahead in user satisfaction for mobile trading with a rating of 4 stars, compared to Axi's 3.5 stars. Ranked at #46 by ForexBrokers.com for Mobile Trading Apps, Spreadex stands ahead of Axi, which is ranked #59 among 62 brokers. This comparison could guide your choice based on features and rankings, but your personal trading style and needs should always be a key consideration when selecting a trading app.
| 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 comparing the market research offerings of Spreadex and Axi, it's clear that both brokers excel in providing valuable information for traders. Spreadex offers daily market commentary, a feature that Axi lacks, which could be a deciding factor for those keen on daily insights. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters and provide access to Autochartist's tools for technical and fundamental analysis. However, neither broker offers tools from Trading Central or research services from TipRanks and Acuity Trading, which means their offerings are somewhat similar in terms of advanced analysis tools.
On the sentiment analysis front, both Spreadex and Axi provide tools to gauge market sentiment, giving investors a broader perspective of market trends. Each platform also includes a comprehensive economic calendar to keep traders informed of global events. Despite these similarities, Spreadex holds an edge when it comes to overall ratings — receiving 4 out of 5 stars for research compared to Axi's 3 stars. Additionally, Spreadex is ranked higher at #31 out of 62 brokers by ForexBrokers.com, while Axi is positioned at #55, suggesting that Spreadex users might enjoy a slightly richer research experience.
| Feature |
Spreadex
|
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 it comes to educational resources for beginners, both Spreadex and Axi provide at least 10 pieces of content focused on forex and CFDs. This means you can expect a good selection of articles, videos, and potentially archived webinars to help newbies get started. Both brokers also offer at least 10 beginner-friendly videos specifically designed to cover basic trading topics, ensuring that newcomers have access to tailored information. Furthermore, each provides an investor dictionary with over 50 terms, making it easier for beginners to understand the sometimes complex jargon of trading.
However, there are notable differences between the two. Axi offers monthly educational webinars, while Spreadex does not. Unfortunately, neither broker has an archive of recorded webinars for client reference. For those seeking advanced video content, both brokers fall short, not hitting the target of 10 advanced videos. In terms of educational ratings, Spreadex scores slightly higher with a 4-star rating compared to Axi's 3 stars, even though Axi is ranked better at 27th out of 62 brokers on ForexBrokers.com, whereas Spreadex is ranked 45th. This suggests that while Spreadex may deliver a quality experience for beginners, Axi's broader educational reach is recognized.
| 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) | |||
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| 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) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 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 | Yes | 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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