Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
Eightcap and Axi are well-known online brokers, each bringing their own strengths to the table. Founded in 2009, Eightcap has earned a ForexBrokers.com Trust Score of 85, placing it in the trusted category. Although not publicly traded or a bank, Eightcap impresses with three Tier-1 licenses, reflecting high trust levels. This aligns with its solid regulatory framework, assuring clients of a secure trading environment.
Founded in 2007, Axi offers a Trust Score of 82, also deeming it a trusted choice. Despite not being publicly listed or a bank, Axi provides strong regulatory backing with two Tier-1 licenses and an additional Tier-2 license, reinforcing its commitment to safe trading practices. Both brokers are not only reliable but actively ensure compliance and security, giving traders peace of mind when making investment decisions.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Year Founded | 2009 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Eightcap and Axi, there are key differences to consider. Eightcap offers two types of accounts: the commission-based Raw account and the spread-only Standard account, available across several global entities, including those in Australia and the U.K. For the Raw account, Eightcap lists an average spread of 0.06 pips. However, this increases to an all-in cost of approximately 0.76 pips when you include the per-side commission of $3.50 per trade, slightly below the industry average of 0.8 pips. While competitive, Eightcap is still somewhat pricier than the lowest-cost forex brokers, earning a 4-star rating in commissions and fees and ranking #26 out of 63 brokers by ForexBrokers.com.
On the other hand, Axi doesn't provide average spread data publicly, making a direct spread comparison difficult. Despite this lack of specific data on spreads, Axi manages to offer competitive fees overall, matching Eightcap's 4-star rating for commissions and fees. However, Axi ranks lower at #43 out of 63 brokers in the same category on ForexBrokers.com.
In summary, both Eightcap and Axi achieve a 4-star rating for their commissions and fees, indicating a fairly competitive offering in the market. However, Eightcap edges ahead in the rankings, potentially due to its pricing transparency and detailed spread and commission structures. This might sway cost-conscious traders to prefer Eightcap, especially those who prioritize a clear understanding of potential trading costs.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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 Eightcap and Axi within the realm of online brokers, both platforms enable users to engage in forex trading through CFDs or spot contracts. In terms of variety, Eightcap offers an impressive 800 tradeable symbols, including 56 forex pairs, while Axi provides 175 tradeable symbols with slightly more forex pairs at 65. Neither broker offers direct purchase of exchange-traded securities on U.S. or international exchanges, such as stocks like Apple or Vodafone. Additionally, while neither broker supports direct cryptocurrency purchases, they both facilitate trading cryptocurrency derivatives. Copy trading is available on both platforms, giving users the option to follow and replicate the strategies of experienced traders.
Despite these offerings, both platforms receive a similar rating of 3.5 stars out of five for their range of investments. However, when ranked by ForexBrokers.com, Eightcap holds the 40th spot, whereas Axi comes in at 56th among 63 brokers. This placement highlights Eightcap's slightly broader appeal in terms of investment options, even though both brokers deliver comparable services in several key trading areas. Ultimately, users will find both brokers suitable for engaging with a diverse range of trading opportunities, depending on their specific trading needs and preferences.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 175 |
| Forex Pairs (Total) | 56 | 65 |
| 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.
When comparing Eightcap and Axi in terms of trading platforms and tools, both brokers offer a range of features that meet the needs of traders. Eightcap and Axi provide simulated trading with free virtual demo accounts, allowing new traders to practice without risk. Neither broker offers a proprietary platform, but both support the popular MetaTrader 4 (MT4) for desktop and web use. Eightcap also provides MetaTrader 5 (MT5), an advantage for those seeking more advanced tools, while Axi does not. Both platforms feature the capability for copy trading, and while Eightcap does not integrate ZuluTrade, Axi offers this option for traders interested in social trading. With 15 drawing tools available on both platforms, users have ample resources for technical analysis.
In terms of ranking, Eightcap demonstrates a stronger performance with a 4-star rating for trading platforms and tools, compared to Axi's 3.5-star rating. Eightcap holds the 38th position out of 63 brokers, significantly higher than Axi, which is ranked 63rd by ForexBrokers.com in this category. Both brokers allow trading directly from stock charts and provide seven columns for customized watch lists. Although neither supports DupliTrade, the comprehensive offering of MetaTrader tools and the ability to trade efficiently from charts make both brokers accessible for different trading strategies, with Eightcap slightly edging out Axi in overall platform versatility and user satisfaction.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| 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) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| 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 Eightcap and Axi, both platforms offer apps for iPhone and Android users, meeting the basic accessibility needs for traders on the go. Users of both services can receive stock or forex price alerts, ensuring they're always informed of market movements. Both Eightcap and Axi additionally offer charting capabilities with 30 technical studies and the ability to draw trendlines and view multiple time frames, satisfying traders who rely on these functionalities.
Where Eightcap distinguishes itself is in the added features of watchlist symbol syncing and autosaving of chart drawings, conveniences that Axi's app does not currently offer. This seamless integration of watchlists between mobile and online accounts at Eightcap simplifies the user experience, ensuring changes made on any device are instantly updated. Both apps allow you to create a watchlist with real-time quotes. However, in terms of overall rating, Eightcap holds 4 stars compared to Axi's 3.5 stars for its mobile trading app. According to ForexBrokers.com rankings, Eightcap is positioned 38th, whereas Axi stands at 59th out of 63 brokers for mobile trading apps, reflecting Eightcap's stronger user satisfaction and feature set.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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 Eightcap and Axi for market research offerings, each broker comes with its own strengths and weaknesses. Eightcap delivers daily market commentary, providing valuable insights to traders who like to keep up with current trends. On the other hand, Axi excels by providing forex news from top-tier sources like Bloomberg and Reuters, ensuring that traders access reliable and authoritative information. Both brokers offer sentiment-based trading tools that provide a clear view of long or short positions across various currency pairs. Additionally, both Eightcap and Axi include an economic calendar that helps traders stay informed about global news events, which is crucial for making timely trading decisions.
In terms of analytical tools, Axi stands out with offerings from Autochartist while Eightcap does not provide tools from Autochartist or Trading Central, similar to Axi. Neither broker provides market research tools from TipRanks or Acuity Trading. Despite these differences, Eightcap ranks higher with a rating of 3.5 stars for research, compared to Axi's 3 stars, and is placed 39th among 63 brokers by ForexBrokers.com, while Axi is positioned at 55th. This ranking suggests that Eightcap slightly edges out Axi in overall research offerings, thanks in part to its more favorable market commentary and sentiment tools.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | 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 comparing Eightcap and Axi in terms of educational resources for beginners, both brokers provide a strong foundation with more than ten educational pieces focusing on forex and CFD topics. Eightcap and Axi also offer beginner educational videos to guide newcomers through essential trading concepts. While both have investor dictionaries comprising over 50 investing terms, the approach each takes beyond these basic resources varies significantly. Eightcap provides a searchable archive of its recorded webinars, beneficial for learners who prefer to study at their own pace. However, it lacks live monthly webinars, which are an available feature at Axi. This can be advantageous for beginners who value real-time learning and the opportunity to interact during sessions.
In terms of advanced education tailored for experienced traders, neither broker extends beyond the beginner level with a specific collection of advanced videos. When considering overall educational quality, Eightcap is rated 3.5 stars and ranks at #40 out of 63 brokers on ForexBrokers.com for education. In contrast, Axi receives a slightly lower rating of 3 stars, but it ranks higher at #27. For those starting their trading journey, choosing between Eightcap and Axi may depend on whether they prioritize live interaction through webinars or accessing an archive for flexible learning.
| Feature |
Eightcap
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | 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 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Axi. Eightcap finished with an overall rank of #38, while Axi finished with an overall rank of #49.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 82 |
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Both Eightcap and Axi do not provide the option to purchase actual, delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Eightcap and Axi, both lack ACH or SEPA transfer options, but Eightcap provides more flexibility with payment options by accepting PayPal, unlike Axi, while both brokers support Skrill, Visa, Mastercard, and bank wire deposits and withdrawals.
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 | Eightcap | Axi | |
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| Trust Score | 85 | 82 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | Axi | |
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| Regulation | Eightcap | Axi | |
|---|---|---|---|
| Trust Score | 85 | 82 | |
| Year Founded | 2009 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Eightcap | 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 | Eightcap | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 175 | |
| Forex Pairs (Total) | 56 | 65 | |
| 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 | Eightcap | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Axi | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | Eightcap | Axi | |
|---|---|---|---|
| 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) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Eightcap | Axi | |
|---|---|---|---|
| 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 | Eightcap | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | Eightcap | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | 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 | Eightcap Review |
| Overall | Eightcap | Axi | |
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| Trust Score | 85 | 82 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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