Written by ForexBrokers.com
In this head to head comparison of Axi vs TeleTrade, 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 2007, Axi is a privately-owned online broker that is not publicly traded or affiliated with any banking institution. Axi has made strides in building its reputation, holding two Tier-1 licenses, which are viewed as highly trusted, along with one Tier-2 license. This solid regulatory standing is reflected in its Trust Score of 82 out of 99, positioning it firmly within the 'trusted' category as per ForexBrokers.com.
TeleTrade, established in 1994, also operates as a private entity without stock exchange listings or banking services. TeleTrade's regulatory framework is characterized by holding one Tier-1 license and no Tier-2 licenses. With a Trust Score of 71, TeleTrade is perceived to carry an average level of risk according to ForexBrokers.com ratings. While both brokers maintain a degree of trustworthiness in the financial industry, Axi's higher number of licenses and Trust Score highlight a stronger regulatory backing.
| Feature |
Axi
|
TeleTrade
|
|---|---|---|
| Year Founded | 2007 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Axi is a well-rated online broker when it comes to commissions and fees, earning a solid 4 out of 5 stars. While specific details on average spreads aren't available, Axi stands out as a competitive choice in the market. When considering commissions and fees, Axi ranks at #44 out of 62 brokers according to ForexBrokers.com, positioning it as a reliable option for traders conscious of trading costs.
TeleTrade similarly holds a 4 out of 5-star rating for its commissions and fees, proving itself as another strong contender. Like Axi, it doesn't provide specifics on average spreads, but it maintains an advantageous position in terms of cost-effectiveness. Ranked at #46 out of the same pool of 62 brokers by ForexBrokers.com, TeleTrade is nearly on par with Axi, offering competitive pricing for its services.
Both Axi and TeleTrade aim to deliver value to traders by minimizing unnecessary costs. With similar star ratings and close rankings, these brokers cater to those seeking to optimize their trading budgets while accessing reliable and trusted platforms.
| Feature |
Axi
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | No | No |
| PayPal (Deposit/Withdraw) | No | 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 Axi and TeleTrade for their range of investment offerings, both brokers provide forex trading through CFDs or spot contracts, making them accessible to forex traders. Axi offers a total of 175 tradeable symbols with 65 forex pairs, while TeleTrade boasts a more extensive selection with 500 tradeable symbols and 61 forex pairs. Neither Axi nor TeleTrade offers exchange-traded securities on U.S. or international exchanges, meaning you won't find options like Apple or Vodafone shares directly available through these platforms. However, both brokers support copy trading, allowing traders to replicate the strategies of more experienced investors.
For cryptocurrency enthusiasts, Axi and TeleTrade both offer cryptocurrency derivatives, although neither provides the option to buy actual cryptocurrencies. In terms of rankings, both brokers are evenly rated, earning a 3.5-star rating for their range of investments. TeleTrade has a slight edge in the ForexBrokers.com rankings, coming in at #45 out of 62 brokers, whereas Axi is ranked #55 in the same category. This might make TeleTrade a more appealing choice for those seeking a broader range of investments to explore.
| Feature |
Axi
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 500 |
| Forex Pairs (Total) | 65 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Both Axi and TeleTrade provide comprehensive trading platforms that cater to a variety of user needs. They each offer free virtual demo accounts, allowing traders to practice their strategies without financial risk. While neither broker features a proprietary platform developed in-house, both support the widely used MetaTrader 4 (MT4), offering access to its robust features. However, TeleTrade goes a step further by also providing MetaTrader 5 (MT5), offering more advanced tools for seasoned traders. Both brokers offer Windows-based desktop and web-based platforms, enhancing accessibility for traders. Additionally, copy trading is supported by both, utilizing popular platforms like ZuluTrade to follow successful trades automatically.
When it comes to charting tools, both Axi and TeleTrade offer 15 drawing tools and the capability to trade directly from a stock chart, making technical analysis and quick trading decisions more seamless. The watch list features for both brokers include 7 columns to customize and organize financial instruments effectively. Despite these similarities, TeleTrade slightly edges out Axi with a 4-star rating for its trading platforms and tools compared to Axi’s 3.5 stars. According to ForexBrokers.com, TeleTrade ranks at #51 out of 62 brokers, demonstrating a more favorable standing compared to Axi's rank at #62.
| Feature |
Axi
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 35 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Axi and TeleTrade provide mobile trading apps for iPhone and Android, offering a convenient way for users to trade on-the-go. Both platforms support stock or forex price alerts and allow users to create watchlists with real-time quotes. However, neither app supports watchlist symbol syncing across devices. When it comes to charting abilities, Axi offers 30 technical studies compared to TeleTrade's 35, and both apps allow drawing trendlines and viewing charts in various time frames. Notably, only TeleTrade's app automatically saves drawings on charts, which might appeal to traders who frequently adjust their technical analyses.
Despite these similarities, user ratings and rankings differ significantly. Axi's mobile app is rated 3.5 stars and ranks 59th out of 62 brokers according to ForexBrokers.com, suggesting room for improvement. On the other hand, TeleTrade enjoys a higher rating of 4 stars and is ranked 25th, indicating a generally more favorable user experience. If mobile trading is a priority, potential users might lean towards TeleTrade for its slightly better features and user satisfaction.
| Feature |
Axi
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Axi and TeleTrade in terms of their market research offerings, both brokers highlight unique strengths. TeleTrade distinguishes itself with a daily market commentary, providing up-to-date insights for traders. Meanwhile, Axi offers forex news from high-quality sources like Bloomberg and Reuters, accompanied by tools from Autochartist for technical and fundamental analysis. Axi also features a sentiment-based trading tool that shows the ratio of long or short positions across currency pairs, which is something TeleTrade lacks. Both brokers provide an economic calendar to track global news events, helping traders stay informed about market movements.
Evaluated for their research capabilities, Axi and TeleTrade both stand solidly, with TeleTrade slightly edging forward with a 3.5-star rating out of five, compared to Axi's 3 stars. According to ForexBrokers.com, TeleTrade is ranked higher, coming in at #38, whereas Axi is positioned at #55 out of 62 brokers. While both platforms offer valuable resources, the additional commentary and slightly higher ratings make TeleTrade a more favored choice for those prioritizing research insights.
| Feature |
Axi
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering online brokers, Axi provides a comprehensive suite of educational resources tailored to beginners interested in forex and CFDs. They offer a wide array of materials including over ten articles and videos specifically for these markets, along with monthly online webinars where new traders can learn in real-time. Additionally, Axi supports beginners with over ten trading videos designed to build foundational knowledge and an investor dictionary featuring more than 50 key investing terms, making it a valuable tool for those new to trading. While their overall education rating is three out of five stars, they hold a respectable 26th place ranking among 62 brokers, ensuring a strong standing in trading education.
Conversely, TeleTrade falls short in providing beginner-focused educational content. They do not offer the minimum recommended educational pieces, nor do they conduct monthly webinars to engage with learners. Additionally, they lack a collection of beginner-targeted trading videos and a comprehensive investor dictionary, which could leave new traders without the foundational knowledge they might need. Despite these shortcomings, TeleTrade slightly edges out Axi with a higher educational rating of 3.5 stars. However, their overall education ranking at 61st place highlights the need for improvement compared to their peers.
| Feature |
Axi
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Axi is better than TeleTrade. Axi finished with an overall rank of #49, while TeleTrade finished with an overall rank of #50.
Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available and a limited range of investment products, Axi lags behind the best multi-asset brokers.
| Feature |
Axi
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TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 71 |
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Both Axi and TeleTrade do not offer the ability to buy actual, delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives, allowing traders to speculate on crypto price movements without owning the underlying asset.
Both Axi and TeleTrade do not support ACH or SEPA transfers and PayPal for deposits or withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wires as available options for funding accounts.
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 | Axi | TeleTrade | |
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| Trust Score | 82 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | Axi | TeleTrade | |
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| Regulation | Axi | TeleTrade | |
|---|---|---|---|
| Trust Score | 82 | 71 | |
| Year Founded | 2007 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Axi | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Axi | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Axi | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 500 | |
| Forex Pairs (Total) | 65 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Axi | TeleTrade | |
|---|---|---|---|
| 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 | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Axi | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | Axi | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 35 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Axi | TeleTrade | |
|---|---|---|---|
| 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 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Axi | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Axi | TeleTrade | |
|---|---|---|---|
| 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 |
| Overall | Axi | TeleTrade | |
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| Trust Score | 82 | 71 | |
| Winner | check_circle | ||
| Review |
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