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, founded in 1996, stands out in the online trading world thanks to its status as a publicly traded bank and its remarkable Trust Score of 99 from ForexBrokers.com. This rating places it in the highly trusted category. With five Tier-1 licenses, Swissquote emphasizes security and reliability, meeting the highest trust standards. Additionally, it holds two Tier-2 licenses, further showcasing its commitment to a secure trading environment.
On the other hand, Axi, established in 2007, offers a trustworthy trading experience with a Trust Score of 82 out of 99, categorizing it as a trusted broker. While Axi is not publicly listed and does not operate as a bank, it maintains credibility with two Tier-1 licenses and one Tier-2 license. Axi’s regulatory structure provides confidence to its users, although it holds fewer licenses compared to Swissquote.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Year Founded | 1996 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 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 the trading platforms and tools offered by Swissquote and Axi, both brokers provide users with a range of options to suit various trading needs. Swissquote stands out with its proprietary platform, offering a unique experience developed in-house. Additionally, Swissquote offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing versatility to traders who prefer using these popular platforms. Axi, on the other hand, does not have a proprietary platform but supports MT4 and offers the copy trading service, ZuluTrade. Both brokers provide simulated trading with demo accounts, web-based platforms, and Windows-based desktop platforms, making them accessible to a wide audience.
For charting capabilities, Swissquote offers a more extensive range of tools with 75 drawing options, compared to Axi's 15. Swissquote also provides 11 fields for watch lists, surpassing Axi's offer of 7. In terms of ratings, Swissquote earned a commendable 4.5 stars for its trading platforms and tools, ranking 12th out of 62 brokers, whereas Axi received a modest 3.5 stars, landing it at the bottom of the list. Overall, while both brokers have strengths, Swissquote’s offerings in proprietary development and additional technical tools give it a clear edge over Axi.
| 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 mobile trading apps, both Swissquote and Axi provide options for iPhone and Android users. Each app supports stock and forex price alerts, features an impressive 30 technical studies for charting, and allows users to draw trendlines and view multiple time frames. However, Swissquote's app stands out for automatically saving chart drawings, a feature Axi does not offer. Both apps enable real-time quote watchlists but lack the function to sync watchlist symbols with clients' online accounts. As user needs evolve, these apps cater to essential trading functionalities while offering room for enhancement.
For trading enthusiasts evaluating app performance, Swissquote's mobile app receives a higher user rating of 4.5 stars, compared to Axi's 3.5 stars. This difference is reflected in their overall rankings on ForexBrokers.com, where Swissquote secures the 11th spot out of 62 brokers, in contrast to Axi's position at 59th. These rankings emphasize a broader user satisfaction with Swissquote's mobile trading experience, offering a more refined platform for traders to access markets on the go. Whether you're prioritizing advanced features or smoother navigation, Swissquote's app might be the preferred choice for a more seamless trading experience.
| 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.
For beginners entering the world of online trading, educational resources can make all the difference. Swissquote and Axi both provide a wealth of materials to help novice traders get started. Both brokers offer a minimum of ten educational pieces on forex and CFDs, ensuring foundational knowledge is accessible. Additionally, they each host online educational webinars on a monthly basis to keep clients engaged and learning. However, Swissquote offers a searchable archive of previously recorded webinars, a feature not available with Axi. This makes revisiting past sessions convenient and advantageous for ongoing learning.
When it comes to video resources, both Swissquote and Axi provide at least ten beginner-focused educational videos. Swissquote, however, also offers more advanced content with ten videos specifically designed for experienced traders, a benefit that Axi lacks. Notably, both brokers include investor dictionaries featuring over 50 investing terms, aiding beginners in familiarizing themselves with essential jargon. In terms of overall educational value, Swissquote has been rated 4 stars, higher than Axi's 3 stars, and ranks 21st out of 62 brokers surveyed by ForexBrokers.com, while Axi stands at 27th. This superior rating reflects Swissquote's broader and more comprehensive educational offerings.
| 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 | 2 | 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) | Yes | 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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