Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
FinecoBank, established in 1999, is a well-regarded institution renowned for its experience and presence in the financial sector. Publicly traded and operating as a bank, FinecoBank holds two Tier-1 licenses, elevating its status in the industry. With a Trust Score rating of 94 by ForexBrokers.com, FinecoBank is highly trusted, making it a reliable choice for traders seeking robust security backed by regulatory authority.
Axi, founded in 2007, offers a commendable service to traders as a brokerage firm, although it is not publicly traded or a bank. It matches FinecoBank's Tier-1 license count, holding two, but also has one Tier-2 license, boosting its credibility. Its ForexBrokers.com Trust Score rating of 82 marks it as a trusted broker. While it may not match FinecoBank's high trust level, Axi remains a decent choice for those emphasizing trust and regulatory assurance in their trading activities.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, FinecoBank and Axi offer different experiences. FinecoBank does not provide average spread data for forex and CFD trading, which can make it challenging to understand its true trading costs. While they list a spread of 1 pip for EUR/USD, this figure is higher than typical forex brokers' spreads and is not labeled as an average value. Fineco also mentions a spread of 0.8 pips, but without specifying whether it is an average or providing a date range, making their fees opaque. However, FinecoBank does seem to have more competitive spreads for index CFDs.
On the other hand, Axi, similar to FinecoBank, does not offer average spread data, making it challenging to precisely gauge their trading costs. Despite this, Axi has managed to receive a better rating and rank for commissions and fees in comparison to FinecoBank. With a rating of 4 stars, Axi stands at 44th out of 62 brokers surveyed by ForexBrokers.com, indicating a more favorable perception among similar service providers.
Comparatively, FinecoBank's commissions and fees have earned it a rating of 3.5 stars, placing it at the 50th position out of 62 brokers in the ForexBrokers.com rankings. This suggests that while FinecoBank offers some competitive rates, particularly on index CFDs, their overall fee structure may not be as appealing as Axi's offerings. Users looking for clearer data on trading costs might find Axi to be the preferable choice.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $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 | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and Axi both bring forex trading opportunities to the table, offering forex as CFDs or spot contracts. FinecoBank takes the lead with an impressive 9,770 tradeable symbols compared to Axi's 175, reflecting a substantial difference in the investment options they provide. While Axi offers a greater number of forex pairs, with 65 compared to FinecoBank’s 54, FinecoBank distinguishes itself with access to exchange-traded securities on U.S. and international exchanges. This means their clients can directly invest in iconic stocks such as Apple and Vodafone, an option unavailable to Axi users who can primarily engage in CFD trading and copy trading.
In terms of cryptocurrency, neither platform allows for the purchase of actual cryptocurrencies, but Axi does offer cryptocurrency derivatives, which FinecoBank does not. Ratings echo these distinctions, with FinecoBank earning a stellar 4.5 stars for its range of investments versus Axi's 3.5 stars. When evaluated by ForexBrokers.com, FinecoBank secures a commendable #16 ranking, whereas Axi falls to #56 out of 62 brokers. These metrics portray FinecoBank as a more comprehensive platform for varied investment opportunities while Axi shines for those specifically interested in forex and crypto CFDs.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 175 |
| Forex Pairs (Total) | 54 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 FinecoBank and Axi, both online brokers offer a range of trading platforms and tools, yet they cater to different needs. FinecoBank provides its own proprietary platform, supporting Windows-based desktop and web-based trading. However, it lacks popular features like MetaTrader 4 (MT4) and copy trading options. On the other hand, Axi does not have a proprietary platform but supports both MT4 and copy trading, which could appeal to traders seeking diverse trading strategies. While FinecoBank leads with an in-house platform and limited drawing tools, Axi offers a broader range of 15 drawing tools and a virtual demo account for beginners to practice their trades. FinecoBank's performance in this area is reflected in its ForexBrokers.com ranking at #18 out of 62, compared to Axi's #62 ranking.
For traders looking for additional functionality, Axi's inclusion of features such as copy trading and ZuluTrade outweighs FinecoBank's offerings in some respects. Axi also facilitates trading directly from stock charts, which may enhance the overall trading experience. In terms of watch list features, Axi provides seven customizable fields, while FinecoBank's details remain unspecified. Rating-wise, FinecoBank edges out Axi slightly with four stars for trading platforms and tools versus Axi's 3.5 stars—the higher score reasonably reflecting FinecoBank's comprehensive trading environment for those who prefer an all-in-one proprietary solution.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and Axi both offer iPhone and Android apps for traders on the go, providing essential tools like stock and forex price alerts. However, there's a notable difference in how they handle watchlist syncing, with neither platform allowing updates made on their mobile app to automatically sync with the online account. When it comes to charting features, Axi takes the lead with 30 technical studies as opposed to FinecoBank's 6, and Axi also enables users to draw trendlines on charts—something FinecoBank's app lacks. Both apps allow viewing of different time frames on charts, helping traders analyze their positions more comprehensively.
If you're keen on creating watchlists with real-time quotes, Axi offers this functionality, whereas FinecoBank does not. In terms of usability and ratings, FinecoBank slightly edges out with a 4-star rating, compared to Axi's 3.5-star rating for mobile trading apps. This may be one reason FinecoBank ranks higher than Axi in the ForexBrokers.com Mobile Trading Apps category, securing the 42nd position out of 62 brokers, while Axi trails at 59th. Overall, FinecoBank and Axi each have their strengths, so your choice might depend on which features align best with your trading needs.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and Axi in terms of market research offerings, both brokers provide some valuable tools but differ in key areas. FinecoBank and Axi both deliver forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. However, while FinecoBank does not support any technical analysis tools from Autochartist or Trading Central, Axi stands out by offering tools from Autochartist. Additionally, Axi provides a sentiment-based trading tool, giving traders insights into market trends by displaying long or short position ratios, a feature FinecoBank lacks.
Both brokers supply an economic calendar, helping traders stay informed on global news events. Despite their similar offerings in certain areas, FinecoBank is rated higher with 4.0 stars for research, compared to Axi's 3 stars. Furthermore, FinecoBank holds a stronger position in research rankings, placed at #33 out of 62 brokers by ForexBrokers.com, while Axi is ranked at #55. These rankings reflect FinecoBank's relatively better performance in delivering comprehensive market research tools and information to its users.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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.
When it comes to educational resources for beginners delving into forex or CFDs trading, differences emerge between FinecoBank and Axi. While Axi provides a comprehensive package with over ten educational pieces specifically focused on forex and CFDs, FinecoBank lacks in offering a similar volume of materials in this category. Both brokers effectively engage learners through their monthly online webinars, though neither offers a searchable archive for catching up on past sessions. Each platform supports novices with more than ten beginner-focused trading videos, but neither extends their video library to cover advanced topics for seasoned traders. Friendly and accessible investor dictionaries with definitions exceeding 50 terms are available with both brokers, aiding in understanding complex investment language.
In terms of overall educational quality, FinecoBank boasts a higher rating of 4.0 stars compared to Axi's 3 stars. However, despite this, Axi is ranked higher nationally by ForexBrokers.com, coming in at 27th place out of 62 brokers, whereas FinecoBank is positioned at 49th. This implies that while FinecoBank might offer richer beginner content, Axi is recognized for a more competitive educational structure in the field. Beginners keen on resources specific to forex may find Axi more fitting, while FinecoBank could appeal to those valuing strongly rated introductory content.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | 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 62 of the best forex brokers, our research and account testing finds that FinecoBank is better than Axi. FinecoBank finished with an overall rank of #25, while Axi finished with an overall rank of #49.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
Axi
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 82 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In comparing online brokers FinecoBank and Axi regarding cryptocurrency options, FinecoBank does not offer the ability to buy actual (delivered) cryptocurrencies or cryptocurrency derivatives, whereas Axi does not provide actual cryptocurrencies but does allow trading of cryptocurrency derivatives.
FinecoBank and Axi differ in their deposit and withdrawal options: FinecoBank supports ACH and SEPA transfers along with bank wires, but not Skrill, PayPal, Visa, or Mastercard, while Axi allows bank wires and supports Visa, Mastercard, and Skrill, yet does not offer ACH, SEPA transfers, or PayPal.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FinecoBank | Axi | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | Axi | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FinecoBank | Axi | |
|---|---|---|---|
| Trust Score | 94 | 82 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 175 | |
| Forex Pairs (Total) | 54 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | 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 | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FinecoBank | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FinecoBank | Axi | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | Axi | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
