Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote and Axi are two prominent online brokers with differing regulatory standings. Swissquote, founded in 1996, is a publicly traded bank, offering a highly trusted environment with a ForexBrokers.com Trust Score of 99 out of 99. It boasts an impressive portfolio of five Tier-1 licenses and one Tier-2 license, demonstrating a strong commitment to security and regulatory compliance. In contrast, Axi, established in 2007, is not publicly traded and isn't categorized as a bank. Despite this, Axi maintains a respectable Trust Score of 82, which falls within the trusted range, supported by two Tier-1 licenses and one Tier-2 license.
These distinctions highlight significant differences in risk levels, transparency, and trust between Swissquote and Axi. Swissquote’s status as a bank and its presence on a stock exchange contribute to its high level of trustworthiness and reliability. On the other hand, while Axi is not a bank and remains privately held, it still achieves a trusted rating, appealing to traders seeking a certain degree of security without the full suite of a bank's oversight.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Year Founded | 1996 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of online brokers Swissquote and Axi, distinct differences emerge based on cost structures and account services. Swissquote is part of a reputable Swiss banking conglomerate, and while this adds value, it also results in slightly elevated trading costs. Its U.K. entity offers four account types, where active traders benefit from lower spreads and a $5 charge per round-turn trade, especially in the Elite account. In contrast, its Luxembourg and Swiss branches present similar pricing structures, with varying minimum deposit requirements and minimum spreads that can start at 1.1 pips but go as high as 1.7 pips on the EUR/USD pair. This results in Swissquote receiving a 3.5-star rating in commissions and fees, ranking 52nd out of 62 brokers.
Axi, on the other hand, appears to be more appealing for those looking at lower trading costs and fewer fees. While specific average spread data isn't available, Axi's commission and fees offerings are more competitive in the industry, earning it a 4-star rating. This better cost efficiency places Axi at the 44th position in the commissions and fees category out of 62 brokers analyzed by ForexBrokers.com.
In summary, traders looking to minimize trading costs might find Axi to be a more favorable choice due to its straightforward fee structure, whereas Swissquote provides the allure of a Swiss banking background paired with higher trading expenses and a more limited product offering in certain regions. The choice ultimately hinges on traders' valuation of brand reputation versus cost efficiency in their trading journey.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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 Swissquote and Axi for their available range of investments, Swissquote clearly offers a broader selection. With 472 tradeable symbols, Swissquote significantly surpasses Axi's offer of 175 symbols. Both brokers provide forex trading as CFDs or spot contracts, but Swissquote offers 80 forex pairs compared to Axi’s 65. Swissquote also allows clients to invest in exchange-traded securities on both U.S. and international markets, providing access to major stocks like Apple and Vodafone, which Axi does not offer outside of CFD options.
A unique feature of Swissquote is its ability to facilitate the purchase of actual cryptocurrencies, setting it apart from Axi, which only offers cryptocurrency derivatives. Both platforms support copy trading, but Swissquote's more comprehensive range of investments earns it a higher rating of 5 stars compared to Axi’s 3.5 stars in this category. Consequently, Swissquote ranks #2 out of 62 brokers for range of investments on ForexBrokers.com, while Axi is ranked at #55, highlighting Swissquote's superiority in providing diverse investment opportunities.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 175 |
| Forex Pairs (Total) | 80 | 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) | Yes | 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, Swissquote and Axi both provide options for traders to test their strategies with free virtual demo accounts. Swissquote offers a proprietary platform developed in-house, while Axi relies on established platforms like MetaTrader 4. Both brokers support trading on Windows-based desktop downloads and web-based platforms, making it convenient for traders to access their accounts. Additionally, both firms offer copy trading, allowing users to mirror the strategies of successful traders. However, Swissquote also supports MetaTrader 5, providing an advanced option for those seeking more modern trading features.
Looking at the customization and technical analysis tools, Swissquote clearly holds an edge. It offers 75 drawing tools for charting and allows users to fine-tune their watch lists with up to 11 columns. Axi trails with 15 drawing tools and the capacity for 7 watch list columns. Despite these differences, both brokers enable trading directly from stock charts for improved efficiency. Swissquote's strong offering is mirrored in its higher user ratings of 4.5 stars for trading platforms and tools, compared to Axi's 3.5 stars. Ranking evaluations also reflect these disparities, with Swissquote holding the 11th position and Axi situated at the 62nd spot out of 62 brokers reviewed by ForexBrokers.com.
| Feature |
Swissquote
|
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) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to trading on the go, both Swissquote and Axi offer mobile apps for iPhone and Android users. These apps allow traders to manage their investments anytime, anywhere. Both platforms provide essential features like stock or forex price alerts and the ability to draw trendlines on charts. They also let users view multiple time frames, whether it's daily, weekly, or on an intraday basis. However, it's important to note that neither Swissquote nor Axi offer watchlist symbol syncing with their online accounts, making it necessary to manually update watchlists on each platform.
Despite having similar offerings, there are notable differences that can affect user experience. Swissquote users benefit from a feature that automatically saves chart drawings, whereas Axi does not offer this convenience. Moreover, Swissquote has earned a mobile app rating of 4.5 stars and stands at number 10 in ForexBrokers.com's ranking out of 62 brokers, highlighting its popularity and effectiveness. On the other hand, Axi garners a 3.5-star rating and ranks at number 59, indicating an area for improvement. With 30 technical studies offered for charting on both apps, Swissquote demonstrates a more user-friendly experience overall, particularly for those who depend heavily on mobile trading.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 comparing the market research offerings of Swissquote and Axi, Swissquote stands out primarily due to its comprehensive daily market commentary. While both brokers deliver forex news from esteemed sources like Bloomberg and Reuters and offer analytical tools from Autochartist, Swissquote augments its service with insightful daily updates. On the other hand, Axi does not provide daily commentary but compensates with a sentiment-based trading tool showing position ratios across various instruments, a feature not available with Swissquote.
In terms of market research tools, both brokers miss out on resources from Trading Central and Acuity Trading. However, they both include an economic calendar to keep traders informed of global events. Swissquote receives a respectable 4-star rating for its research capabilities, ranking 16th out of 62 brokers on ForexBrokers.com, while Axi holds a slightly lower 3-star rating and is ranked 55th, making Swissquote a more competitive choice for thorough research facilities.
| Feature |
Swissquote
|
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 | No | 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, Swissquote and Axi both provide valuable materials to help newcomers navigate forex and CFDs trading. Both brokers offer more than ten educational pieces, including articles and videos, focused on forex and CFDs. Moreover, each hosts regular webinars to educate their clients, with Swissquote boasting a searchable archive for those who may have missed a session. Although Axi provides ample educational content, they do not offer archives for previously recorded webinars, which might limit the flexibility for learners wanting to revisit material on their own schedule.
For those looking for extensive video tutorials, both brokers present at least ten beginner-focused videos that guide traders through essential concepts. However, Swissquote goes a step further with more than ten advanced videos, catering to more experienced traders who want to deepen their understanding of complex topics. In addition to video offerings, both platforms supply an investor dictionary with over fifty key investing terms. Ranking and rating further reflect the depth of educational offerings, with Swissquote earning a 4-star rating and ranking 21st out of 62 brokers for education, compared to Axi’s 3-star rating and 26th rank. This makes Swissquote a slightly more comprehensive choice for those seeking more in-depth trading education.
| Feature |
Swissquote
|
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 Swissquote is better than Axi. Swissquote finished with an overall rank of #11, while Axi finished with an overall rank of #49.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 82 |
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When comparing online brokers Swissquote and Axi, Swissquote stands out by offering the ability to buy both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas Axi provides only the option to trade cryptocurrency derivatives.
In comparing online brokers, Swissquote offers more versatile fund deposit and withdrawal options than Axi, including ACH or SEPA transfers and PayPal, alongside options like Skrill, Visa or Mastercard, and bank wires, while Axi provides Skrill, Visa or Mastercard, and bank wires but lacks ACH or SEPA transfers and PayPal capabilities.
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 | Swissquote | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | Axi | |
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| Regulation | Swissquote | Axi | |
|---|---|---|---|
| Trust Score | 99 | 82 | |
| Year Founded | 1996 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | 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) | Swissquote | 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 | Swissquote | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 175 | |
| Forex Pairs (Total) | 80 | 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) | Yes | 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 | Swissquote | 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 | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Axi | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | No |
| Trading Platforms | Swissquote | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Swissquote | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | 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 | 30 | 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 | Swissquote | 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review |
| Overall | Swissquote | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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