Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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 1999, FOREX.com is a well-established online broker that boasts a highly trusted reputation, as reflected in its perfect Trust Score rating of 99 on ForexBrokers.com. The company is also publicly traded, enhancing its transparency and accountability. With an impressive seven Tier-1 licenses denoting high trust, and one Tier-2 license, FOREX.com is a solid choice for traders looking for reliable and credible services.
Axi, on the other hand, entered the market in 2007 and holds a Trust Score rating of 82, identifying it as a trusted broker. While Axi is not publicly traded, it holds two Tier-1 licenses and one Tier-2 license, providing a decent level of reliability and trustworthiness to its clients. Both brokers are not banks, ensuring their sole focus is on providing brokerage services.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com and Axi are both popular choices for online trading, but they differ in terms of commissions and fees. FOREX.com offers multiple execution methods and account types, making it versatile, but it tends to be more expensive than the industry average. In the U.S., the Standard account has average spreads of 1.4 for EUR/USD, while the RAW account offers tighter spreads of 0.13 pips, albeit with a $7 per Standard lot commission. This structure makes FOREX.com particularly appealing to high-volume traders who can benefit from volume-based rebates. For its efforts, FOREX.com received a commendable 4.5-star rating in the Commissions and Fees category and is ranked 13th out of 63 brokers by ForexBrokers.com.
Axi, on the other hand, did not provide specific average spread data, making direct fee comparisons more challenging. However, Axi still makes its mark as a competitive player in the market. It has been rated 4 stars for its commissions and fees, which suggests a favorable balance for some traders. In terms of ranking, Axi is placed at 43rd out of 63 brokers by ForexBrokers.com, indicating room for improvement in the area of pricing transparency compared to its competitors like FOREX.com.
In summary, while both FOREX.com and Axi cater to various trading needs, FOREX.com stands out in offering structurally transparent fees, particularly appealing to active traders, despite being a pricier option for those trading within the U.S. Axi, with its slightly lower rating and rank, might suit those who prioritize other features over explicit fee structures. Understanding these differences can help traders make more informed choices based on their trading volumes and geographic locations.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | 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 at FOREX.com and Axi, it's clear that both platforms cater to forex traders with options for CFD or spot contracts. However, the breadth of tradable symbols significantly differs between them. FOREX.com stands out with a whopping 5,500 tradable symbols and a robust selection of 80 forex pairs, earning it an impressive 5-star rating for investment range. In contrast, Axi offers 175 tradable symbols and 65 forex pairs, equating to a 3.5-star rating. Neither broker provides the option to invest directly in exchange-traded securities or actual cryptocurrencies, but both do offer cryptocurrency derivatives for those interested in that avenue.
Although both FOREX.com and Axi enable forex trading and cryptocurrency derivatives, they diverge in additional features and recognition within the investment community. FOREX.com does not support copy trading but is distinguished by a high ranking of #7 out of 63 brokers by ForexBrokers.com for its investment range. Axi, which offers copy trading, is ranked lower at #56 in the same category. For investors seeking a more extensive array of investment options, FOREX.com clearly holds a substantial lead over Axi.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 175 |
| Forex Pairs (Total) | 80 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 it comes to trading platforms and tools, FOREX.com and Axi each offer unique features that cater to different types of traders. Both brokers provide the ability to practice trading with a free virtual demo account, making it easy for beginners to get started. While FOREX.com has developed its own proprietary platform, Axi relies on third-party platforms. Both brokers offer MT4, but only FOREX.com extends its services to include MT5, giving traders more options. In terms of platform accessibility, both firms ensure convenience by offering Windows-based desktop and web-based trading platforms. Notably, Axi offers copy trading, including services like ZuluTrade, enhancing social trading capabilities, whereas FOREX.com does not support these features. On charting tools, FOREX.com excels with 239 drawing tools compared to Axi's 15, reflecting its robust charting capabilities.
Regarding watchlist features, FOREX.com allows users to customize with up to 20 columns, enhancing portfolio management visibility, while Axi offers 7 columns. Traders who value charting and analytical tools will likely appreciate the extensive options provided by FOREX.com, as evidenced by its 5-star rating and #7 rank in the Trading Platforms and Tools category by ForexBrokers.com. In comparison, Axi's tools earned a 3.5-star rating and a #63 rank, potentially appealing to traders who prioritize social trading features over advanced charting and watchlist functionalities. Regardless of your preference, both brokers provide the ability to trade directly from stock charts, ensuring a seamless trading experience across their platforms.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FOREX.com and Axi offer mobile trading apps for iPhone and Android users, making them accessible for traders on the go. If you're interested in receiving stock or forex price alerts, both brokers have you covered with this feature. However, FOREX.com sets itself apart with its ability to sync watchlists between the mobile app and online account, ensuring any changes are updated across platforms, a feature Axi lacks. When it comes to charting capabilities, FOREX.com impresses with 88 available technical studies compared to Axi's 30, providing a more extensive toolkit for in-depth analysis.
Drawing trendlines and viewing multiple time frames are options available on both apps, enhancing chart analysis. Yet, FOREX.com offers an additional advantage by auto-saving drawings, a convenience Axi doesn't currently provide. Both apps allow users to create watchlists with real-time quotes, a vital function for active traders. Overall, FOREX.com stands out with a 5-star rating for its mobile trading app, ranking third out of 63 brokers. In contrast, Axi holds a 3.5-star rating and is ranked 59th, suggesting FOREX.com might offer a more feature-rich experience for serious traders.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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 it comes to market research, FOREX.com and Axi offer different tools and resources for traders. FOREX.com stands out with its daily market commentary and a consistent stream of forex news from prestigious sources such as Bloomberg and Reuters, which can be helpful for staying informed about market developments. In contrast, Axi does not provide daily market commentary but matches FOREX.com in providing high-quality forex news. For technical analysis, FOREX.com has tools from Trading Central, while Axi provides resources from Autochartist, appealing to technical traders who prefer specific platforms.
Both brokers offer sentiment-based tools, helping traders gauge market moods through data on long or short positions. They also align in offering economic calendars that outline essential global economic events. However, neither broker includes market research tools from TipRanks or Acuity Trading. When evaluated by ForexBrokers.com, FOREX.com receives a higher research rating of 4.5 stars, ranking ninth among 63 brokers, thanks to its comprehensive offerings. Axi, rated with 3 stars, lands at the 55th position, indicating room for improvement in its research capabilities.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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 educational resources available for beginners, both FOREX.com and Axi provide a variety of learning materials, including articles, videos, and webinars focused on forex and CFDs. Each broker holds regular online client webinars to boost traders' knowledge. However, FOREX.com offers a searchable archive of past webinars while Axi does not, meaning learners with FOREX.com can revisit sessions at their convenience. Both brokers supply over 10 beginner-friendly trading videos, but FOREX.com also provides more challenging content with advanced educational videos, which Axi lacks.
In addition to multimedia resources, both brokers include an investor dictionary with over 50 terms to assist newcomers. According to ForexBrokers.com rankings, FOREX.com stands out with a high rating of 4.5 stars for education, securing the #4 spot among 63 brokers. In contrast, Axi is rated with 3 stars and positioned at #27 in the same ranking. Beginners looking for a comprehensive and accessible learning environment might find FOREX.com’s offerings more suited to their educational needs.
| Feature |
FOREX.com
|
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 FOREX.com is better than Axi. FOREX.com finished with an overall rank of #5, while Axi finished with an overall rank of #49.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 82 |
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BOTH FOREX.com and Axi provide access to cryptocurrency derivatives, but neither offers the ability to buy the actual cryptocurrency for delivery.
FOREX.com provides ACH, SEPA, PayPal, Visa/Mastercard, and bank wires for deposits and withdrawals, 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 | FOREX.com | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
| Broker Screenshots | FOREX.com | Axi | |
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| Regulation | FOREX.com | Axi | |
|---|---|---|---|
| Trust Score | 99 | 82 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 175 | |
| Forex Pairs (Total) | 80 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Axi | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FOREX.com | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 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 | FOREX.com | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review |
| Overall | FOREX.com | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
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