Written by ForexBrokers.com
In this head to head comparison of eToro 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.
Founded in 2007, both eToro and Axi have established themselves in the online trading world. eToro, a publicly traded platform, stands out with a high Trust Score rating of 96 according to ForexBrokers.com. It holds three Tier-1 licenses, which reflect its strong regulatory standing, and one Tier-2 license. Despite not being a bank, eToro's public listing adds a layer of transparency for traders who value visibility into the company's operations.
In contrast, Axi is not publicly traded but has made its mark with a Trust Score rating of 82, indicating that it is trusted according to ForexBrokers.com metrics. With two Tier-1 licenses and one Tier-2 license, Axi maintains a respectable regulatory position. While not a bank, Axi offers clients a sense of security through its reputable regulatory credentials, although it falls slightly behind eToro in terms of overall trust rating and market transparency.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Year Founded | 2007 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to comparing eToro and Axi for commissions and fees, eToro stands out with its innovative social copy trading platform, despite having a slightly higher trading fee structure. As a market-maker broker, eToro offers a typical variable spread of 1 pip on the EUR/USD, which is a bit above the industry average. However, eToro's appeal lies in its unique platform designed for social trading, making it a popular choice for traders interested in this feature. Axi, on the other hand, does not provide specific average spread data but maintains competitive pricing structures and is fairly well-rated.
Axi receives a solid rating of 4 stars out of 5 for its commissions and fees, while eToro surpasses it slightly with a 4.5-star rating. This reflects eToro's slightly superior standing in this aspect, attributed largely to its diverse offerings that cater to different types of traders, especially those focused on social trading mechanisms. A premium offering from eToro includes a VIP program, known as the eToro Club, which offers five tiers of membership with various benefits like access to Trading Central and personalized account management.
In terms of rankings by ForexBrokers.com, eToro holds a more favorable position, being ranked 22nd out of 63 brokers for commissions and fees. This places it noticeably ahead of Axi, which is positioned at 43rd in the same category. Both brokers have their niches, but eToro's social trading features and VIP club benefits evidently provide an edge in the competitive landscape of online brokerage services.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | 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 the range of investments available on eToro and Axi, eToro stands out with significantly more variety and options. eToro offers a vast selection of 5,461 tradeable symbols, including 55 forex pairs, whereas Axi provides 175 tradeable symbols with 65 forex pairs available. Notably, eToro allows users to invest in exchange-traded securities on both U.S. and international exchanges, enabling the purchase of popular stocks like Apple and Vodafone. On the other hand, Axi does not offer trading in exchange-traded securities beyond CFDs. Both platforms support forex trading as CFDs and provide copy trading features.
Cryptocurrency trading further distinguishes these online brokers; eToro permits users not only to trade cryptocurrency derivatives but also to buy actual cryptocurrencies, unlike Axi, which limits traders to derivatives. This extensive offering contributes to eToro's higher rating of 5 stars for its range of investments, earning it the 10th position among 63 brokers according to ForexBrokers.com. In comparison, Axi receives a 3.5-star rating and is ranked 56th, reflecting its more limited investment options.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 175 |
| Forex Pairs (Total) | 55 | 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 of eToro and Axi, several key differences emerge that cater to various trader preferences. eToro shines with its proprietary, in-house developed platform that offers a seamless web-based experience and includes an impressive array of 161 drawing tools. This broker ranks high in user satisfaction, offering a well-rated trading experience of 4.5 stars. eToro provides a virtual demo account, perfect for those who want to practice strategies without financial risk, and supports innovative features like copy trading, where users can mimic the trades of successful investors. However, it lacks desktop software and the popular MetaTrader 4 (MT4) platform.
In contrast, Axi stands out for traders who prefer a more traditional setup. The platform offers a Windows-based desktop download option and supports the widely-used MetaTrader 4 (MT4). Axi also offers a web-based trading platform and supports ZuluTrade, enhancing its social trading capabilities. The broker includes a virtual demo account for practice trading, just like eToro. However, Axi's offering of only 15 drawing tools and a slightly lower rating for trading platforms and tools at 3.5 stars might be less appealing to those looking for a broader range of charting capabilities. Ranked at #63 by ForexBrokers.com for trading platforms and tools, Axi has room for improvement to fully compete with eToro's innovative approach.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and Axi provide mobile trading apps for iPhone and Android users, allowing seamless access to trading on the go. Both platforms offer essential features like stock or forex price alerts and the ability to view multiple time frames on charts. However, eToro stands out with 104 technical studies for charting compared to Axi's 30. Additionally, eToro offers watchlist symbol syncing, ensuring that any changes made to watchlists on the mobile app or online account are synchronized. Unfortunately, eToro’s app lacks the ability to draw trendlines on charts, a feature that Axi users can enjoy.
Despite these advantages, none of the apps automatically save chart drawings, which might be a consideration for traders who frequently annotate their charts. When it comes down to user ratings and industry ranking, eToro edges out Axi with a 4.5-star rating and a #10 rank out of 63 brokers by ForexBrokers.com, while Axi holds a 3.5-star rating and ranks at #59. For traders placing a high priority on technical analysis features and watchlist syncing, eToro’s app offers a more comprehensive package.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating eToro and Axi for their market research features, eToro stands out by offering daily market commentary, which is notably absent from Axi's services. Although eToro lacks forex news from top-tier sources like Bloomberg and Reuters, it compensates with unique tools such as those provided by Trading Central and TipRanks. These offerings enhance eToro's research capabilities, giving users access to bespoke technical analytics and market insights. Both platforms provide sentiment-based trading tools and economic calendars, which display current and upcoming global news events, helping traders keep track of market-moving economic data.
Compared to Axi, which earns its forex news legitimacy through connections to top-tier sources and the inclusion of Autochartist tools, eToro positions itself as a leader with a rating of 4.5 stars for research. This surpasses Axi's 3-star rating. Additionally, eToro's position at #13 out of 63 brokers in ForexBrokers.com's research category highlights its strong performance relative to Axi, which is ranked at #55. Ultimately, both platforms offer valuable research resources, but eToro's blend of innovative tools and its higher overall research ranking make it the more robust choice for traders seeking in-depth market insights.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | 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, eToro and Axi both provide a solid foundation, but there are distinct differences in what each platform offers. eToro excels by providing an extensive range of educational pieces focusing on forex and CFDs, alongside a broad selection of videos tailored for both beginner and experienced traders. The platform holds a 4.5-star education rating and a prestigious 5th place ranking by ForexBrokers.com. Additionally, eToro offers monthly client webinars with access to an archive, which could be especially useful for those who want to revisit lessons at their own pace.
By contrast, Axi provides a wealth of educational content as well, including beginner-friendly videos and a glossary of essential investing terms. However, where Axi lags is in the availability of advanced educational content and a comprehensive archive of past webinars, which are areas where eToro shines. Axi has a 3-star rating for education and is ranked 27th by ForexBrokers.com. For those new to trading, these differences may make eToro the preferable choice if you're looking for a more in-depth and versatile educational experience.
| Feature |
eToro
|
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 63 of the best forex brokers, our research and account testing finds that eToro is better than Axi. eToro finished with an overall rank of #9, while Axi finished with an overall rank of #49.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 82 |
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eToro allows users to purchase actual delivered cryptocurrency and also provides options for trading cryptocurrency derivatives, while Axi only offers the ability to trade cryptocurrency derivatives.
eToro provides a wider range of deposit and withdrawal options compared to Axi, with support for ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, while Axi supports Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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 | eToro | Axi | |
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| Trust Score | 96 | 82 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | Axi | |
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| Regulation | eToro | Axi | |
|---|---|---|---|
| Trust Score | 96 | 82 | |
| Year Founded | 2007 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | eToro | 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 | eToro | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 175 | |
| Forex Pairs (Total) | 55 | 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 | eToro | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 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 | eToro | Axi | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | eToro | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | eToro | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | eToro | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review |
| Overall | eToro | Axi | |
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| Trust Score | 96 | 82 | |
| Winner | check_circle | ||
| Review | eToro Review |
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