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 |
FinecoBank presents some challenges when evaluating its commissions and fees, as it does not publish average spread data for forex and CFD trading. Without this information, determining the actual trading costs can be difficult. FinecoBank lists a spread of 1 pip for EUR/USD trading, which is higher than what most forex brokers typically offer. Additionally, while there is a mention of a lower spread of 0.8 pips, these figures lack clarity regarding their averages or date ranges. However, FinecoBank does appear to provide more competitive spreads on its index CFDs. For its fees, FinecoBank earns a rating of 3.5 out of 5 stars and ranks 51st out of 63 brokers according to ForexBrokers.com.
In comparison, Axi also does not provide average spread data, making direct comparisons similarly challenging. Despite this, Axi achieves a slightly better ranking in the commissions and fees category. Axi is rated 4 stars out of 5 for its fee structure, pointing to a relatively favorable positioning compared to competitors. When it comes to its ranking, Axi is placed 43rd out of 63 brokers on ForexBrokers.com for its commissions and fees.
| 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 provide forex trading as CFDs or spot contracts, but their offerings differ greatly in scope. FinecoBank stands out with an impressive catalog of 9,770 tradeable symbols, far exceeding Axi's 175 options. While Axi offers a slightly greater selection of 65 tradeable forex pairs compared to FinecoBank's 54, FinecoBank compensates by providing access to U.S. and international exchange-traded securities, allowing clients to invest in popular stocks like Apple and Vodafone. In contrast, Axi restricts its offerings to CFDs and does not permit trading of actual exchange-listed securities.
Both brokers do not offer the purchase of actual cryptocurrencies, although Axi does provide the option to trade cryptocurrency derivatives. When it comes to additional features, FinecoBank does not offer copy trading, whereas Axi does. According to ForexBrokers.com, FinecoBank is ranked significantly higher for range of investments, earning 4.5 out of 5 stars and placing 16th out of 63 brokers. Axi, meanwhile, holds a 3.5-star rating in this category and is ranked 56th. This highlights FinecoBank's more comprehensive investment portfolio compared to Axi's more limited selection.
| 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.
FinecoBank and Axi each bring their own strengths to the table when it comes to trading platforms and tools. FinecoBank stands out with its proprietary platform developed in-house, offering both a Windows-based desktop platform and a web-based option for accessibility. However, it lacks a free virtual demo account, which is a valuable feature for beginners wanting to practice trading without financial risk. FinecoBank opts not to support popular platforms like MetaTrader 4 or 5, and doesn't provide options for copy trading or integration with services like ZuluTrade. It shines in offering a streamlined charting experience with seven drawing tools, although it lacks the ability to execute trades directly from stock charts.
On the other hand, Axi offers a comprehensive platform lineup that includes the well-known MetaTrader 4, complete with a Windows desktop version and web-based interface, making it a versatile choice for traders. Axi allows users to simulate trades with a free demo account, providing a risk-free environment to hone trading skills. With 15 drawing tools for charting and the capability to trade directly from charts, Axi appeals to those seeking detailed technical analysis. This broker also supports copy trading and ZuluTrade, offering more social and automated trading options. While FinecoBank ranks higher overall in trading platforms and tools, Axi provides more features for those interested in collaborative and automated trading strategies.
| 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 provide mobile trading apps compatible with iPhone and Android devices. Each app offers stock or forex price alerts, allowing traders to stay informed about market movements. However, neither platform supports the synchronization of watchlists between the mobile app and online account, which means users must manually update their watchlists in each location. FinecoBank's app includes six technical studies for chart analysis, a more limited offering compared to Axi’s thirty. While Axi allows users to draw trendlines on charts, FinecoBank does not offer this feature. Both apps do, however, let users view different time frames such as daily, weekly, or intraday.
FinecoBank's app lacks the option to create watchlists with real-time quotes, whereas Axi's app includes this capability, providing live updates for traders on the go. Neither app auto-saves drawings on charts, which could be a drawback for users who frequently switch contexts. In terms of user ratings, FinecoBank edges out with a four-star rating compared to Axi's 3.5 stars. According to ForexBrokers.com, FinecoBank is ranked 42 among 63 brokers for its mobile trading apps, while Axi is positioned at 59. This comparison indicates FinecoBank as the higher-rated option, especially for those prioritizing overall app performance and fewer features related to charting and real-time data.
| 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 the online brokers FinecoBank and Axi for market research capabilities, both offer comprehensive forex news from prestigious sources like Bloomberg, Reuters, or Dow Jones. However, FinecoBank gains an edge by featuring a significantly higher rating of 4.0 stars out of five for research, positioning it at number 33 out of 63 on ForexBrokers.com. In contrast, Axi receives a lower rating of 3 stars and ranks at 55, highlighting FinecoBank’s stronger reputation in research capabilities.
In terms of research tools, Axi stands out for its technical analysis offerings through Autochartist and provides a sentiment-based trading tool indicating long or short positions, neither of which are available with FinecoBank. Both brokers feature an economic calendar to keep traders informed of global news events, ensuring investors are well-prepared for market shifts. Despite some similarities in news access and event calendars, FinecoBank's superior rating underscores its noteworthy proficiency in overall market research compared to Axi.
| 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 comparing the educational resources available to beginners at FinecoBank and Axi, both brokers offer some helpful tools but differ in certain key areas. While Axi provides a comprehensive selection of over 10 educational pieces focused on forex or CFDs, FinecoBank falls short in this regard. However, both offer online educational client webinars each month, allowing newcomers to interact and learn live. Neither broker offers a searchable archive of past webinars, which might limit access to past live sessions for further study.
Beginners can find at least 10 educational videos on trading topics tailored specifically for them at both FinecoBank and Axi. An investor dictionary with over 50 terms is also available through both services. Yet, neither platform provides advanced educational videos for more experienced traders. Ratings give FinecoBank an edge with 4.0 stars versus Axi's 3.0 stars. Interestingly, while FinecoBank is ranked lower at #49, Axi holds a better overall ranking at #27 in the education category by ForexBrokers.com, reflecting differing strengths in their resources.
| 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 63 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 |
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| Trust Score | 94 | 82 |
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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.
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0 of 5| Overall Rating | FinecoBank | Axi | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | Axi | |
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| 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 | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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