Written by ForexBrokers.com
In this head to head comparison of Axi vs TopFX, 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 well-established online broker that is not publicly traded and does not operate as a bank. It holds 2 Tier-1 licenses and 1 Tier-2 license, showcasing its credibility in the financial market. Axi earns a Trust Score of 82 out of 99 from ForexBrokers.com, categorizing it as a trusted broker, which underscores its reliability and security for trading enthusiasts.
On the other hand, TopFX was founded in 2010 and, like Axi, is neither publicly traded nor a bank. This broker holds 1 Tier-1 license and lacks any Tier-2 licenses. With a Trust Score of 67 out of 99, TopFX is considered a high-risk broker according to ForexBrokers.com. Potential clients may want to consider this higher risk factor when choosing a broker for their trading activities.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Year Founded | 2007 | 2010 |
| 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 | 1 |
Comparing the commissions and fees of Axi and TopFX reveals distinct offerings for traders. While Axi's average spread data isn't available, the broker receives a solid 4-star rating for its commissions and fees. Despite this commendable rating, Axi is ranked #44 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com, indicating room for improvement in its competitive positioning within the industry.
TopFX, with its two distinct account types, offers flexibility for traders through both MetaTrader and cTrader platforms. The spread-only ZERO account has no commission but comes with higher average spreads, particularly 1.03 pips for the EUR/USD as of July 2024. On the other hand, the RAW account charges a commission of 2.75 EUR per side (5.50 per round turn standard lot) and boasts lower spreads averaging 0.33 pips for EUR/USD. This brings the overall cost to approximately 0.88 pips, aligning with the industry average. TopFX shares the same 4-star rating for commissions and fees as Axi but is slightly better ranked, positioned at #40 out of 62 brokers in the category.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 the range of investments available with Axi and TopFX, both brokers provide forex trading through CFDs or spot contracts. Axi offers a selection of 175 tradeable symbols, including 65 forex pairs. In contrast, TopFX provides a wider range of tradeable symbols at 655, with 60 being forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, meaning clients can't directly buy shares such as Apple or Vodafone. However, both platforms do support copy trading and allow clients to trade cryptocurrency derivatives, but not actual cryptocurrencies.
In terms of ratings, Axi and TopFX each score 3.5 out of 5 stars for their range of investments. Despite the similar ratings, ForexBrokers.com ranks TopFX slightly higher at #46 out of 62 brokers, while Axi is ranked at #55. This suggests that while both brokers provide a decent selection of investment options, TopFX might offer slightly more variety compared to Axi.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 655 |
| Forex Pairs (Total) | 65 | 60 |
| 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 TopFX provide traders with comprehensive trading platform options, including a Windows-based desktop download platform and a web-based browser platform. For those looking to practice without any risk, both brokers also offer free virtual demo accounts. Additionally, they each provide copy trading functionalities, but only Axi supports ZuluTrade, which might appeal to those interested in automated social trading. When it comes to popular trading tools, both brokers offer MetaTrader 4 (MT4) but do not provide MetaTrader 5 (MT5) or DupliTrade. In terms of charting capabilities, both Axi and TopFX offer 15 drawing tools and facilitate trading directly from stock charts.
In terms of analyzing market data, both platforms support watch lists with up to 7 columns, offering a practical way to keep track of your favorite instruments. Despite these similar offerings, TopFX seems to have an edge, achieving a higher rating of 4 stars for Trading Platforms and Tools compared to Axi's 3.5 stars. This difference is reflected in their rankings by ForexBrokers.com, with TopFX ranked at 44 out of 62 brokers, while Axi comes in last at 62. Overall, traders might prefer TopFX for slightly better-rated platform performance and tools, even though both brokers offer similar essential trading features.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| 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.
When comparing the mobile trading apps of Axi and TopFX, you will find both brokers offer apps for iPhone and Android platforms, making them accessible for a wide range of users. They both provide price alerts for stocks or forex, ensuring traders can stay updated on market changes. Unfortunately, neither broker allows for watchlist symbol syncing between the mobile app and the user's online account. Their charting services are comparable, with each app featuring 30 technical studies and the ability to draw trendlines and view multiple timeframes. However, a key difference is that TopFX’s app automatically saves chart drawings, while Axi does not offer this feature.
Creating watchlists with real-time quotes is possible on both Axi and TopFX apps, adding convenience for active traders. Despite their similarities, they differ in user ratings and rankings. TopFX’s app receives a higher rating of 4 out of 5 stars compared to Axi's 3.5 stars. Also, according to ForexBrokers.com, TopFX ranks at #51 out of 62 brokers in the Mobile Trading Apps category, whereas Axi ranks at #59. This suggests that while both offer similar foundational features, users may find TopFX's app offers a slightly better overall experience.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| 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 | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers Axi and TopFX, both have a similar set of features tailored for traders seeking insight into the forex market. They both provide exclusive forex news sourced from renowned providers like Bloomberg and Reuters, ensuring access to the latest financial information. Both brokers also integrate tools from Autochartist to enhance traders' technical analysis capabilities, along with sentiment-based trading tools that reveal the market's long and short position ratios. Additionally, Axi and TopFX offer an economic calendar, which is essential for tracking global economic events, yet neither broker provides market research from TipRanks or tools from Acuity Trading.
Despite these similarities, there are notable differences. TopFX offers additional technical analysis resources from Trading Central, whereas Axi does not, potentially adding more depth to market insights for users of TopFX. However, both brokers receive the same research rating, with three out of five stars, indicating a comparable level of overall research quality. In terms of rankings, Axi is positioned slightly higher than TopFX, standing at #55 among 62 brokers, compared to TopFX's rank of #59 in the research category by ForexBrokers.com, which might reflect subtle variations in user preferences and satisfaction.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| 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, Axi stands out compared to TopFX. Axi provides a comprehensive selection of educational materials specifically designed for those new to trading, offering over 10 articles, videos, and webinars that focus on the fundamentals of forex and CFDs. In addition, Axi hosts monthly online webinars aimed at clients keen on expanding their knowledge, and they feature an investor dictionary comprising more than 50 investing terms to help newcomers get acquainted with trading jargon. While they do not offer a searchable archive of past webinars or a wide array of advanced educational videos, Axi still makes a strong case for beginners looking for a reliable learning platform.
In comparison, TopFX falls short in providing beginner-friendly educational resources. Unlike Axi, TopFX does not meet the minimum requirement of 10 educational pieces focusing on forex or CFDs and lacks beginner-focused videos. Additionally, they do not offer client webinars or a dictionary of investing terms. While both brokers are rated 3 stars for education, Axi is ranked significantly higher at #26 out of 62 brokers, whereas TopFX is ranked at #60 according to ForexBrokers.com. This highlights Axi's commitment to enhancing the educational experience for new traders.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| 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 TopFX. Axi finished with an overall rank of #49, while TopFX finished with an overall rank of #61.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 67 |
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Both Axi and TopFX do not provide the option to purchase actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
In comparing Axi and TopFX, both brokers do not support ACH or SEPA transfers, while only TopFX offers PayPal for fund deposits and withdrawals; however, both provide options for Skrill, Visa or Mastercard, and bank wire transactions.
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 | TopFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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| Regulation | Axi | TopFX | |
|---|---|---|---|
| Trust Score | 82 | 67 | |
| Year Founded | 2007 | 2010 | |
| 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 | 1 |
| Tier-1 Licenses (Highly Trusted) | Axi | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 655 | |
| Forex Pairs (Total) | 65 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Axi | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Axi | TopFX | |
|---|---|---|---|
| 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 | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Axi | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Axi | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Axi | TopFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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