Written by ForexBrokers.com
In this head to head comparison of Axi vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Axi and FXOpen are both established names in online trading, with Axi founded in 2007 and FXOpen in 2003. Neither of them is publicly traded or operates as a bank. When it comes to regulation, both brokers hold two Tier-1 licenses, marking them as highly trusted players in the market. However, Axi goes a step further by also holding a Tier-2 license, adding to its credibility.
In terms of trust ratings from ForexBrokers.com, Axi scores an 82 out of 99, placing it in the "trusted" category. FXOpen, on the other hand, receives a 76, which positions it at an "average risk" level. This regulatory and trust score information can help potential traders in assessing which broker may better suit their needs.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Year Founded | 2007 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees for online brokers Axi and FXOpen, you'll find each offering competitive conditions, both earning a commendable 4-star rating in this category. Axi is ranked 44th out of 63 brokers on ForexBrokers.com, indicating favorable terms for traders, even though specific average spread data is unavailable. The broker's pricing structure is designed to be straightforward, potentially appealing to both novice traders and experienced investors looking for cost-effective trading options.
Similarly, FXOpen stands close to its counterpart with a 4-star rating and a ranking of 45th out of 63 brokers for commissions and fees on ForexBrokers.com. While average spread data isn't disclosed, FXOpen's pricing strategy includes a transparent fee policy, which can be attractive to traders who appreciate clarity in their trading costs. This positioning allows FXOpen to be a strong alternative for those prioritizing cost efficiency in their trading endeavors.
Both Axi and FXOpen offer comparable value regarding commissions and fees. Their proximate rankings and identical star ratings suggest that either broker can be a suitable choice for traders focused on affordability. Whether you are choosing based on slight ranking differences or other features, both brokers compete closely, ensuring competitive trading environments.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Axi and FXOpen both let you trade forex as CFDs or spot contracts, and both support copy trading. Neither broker offers real exchange-traded shares on U.S. or international exchanges, and neither lets you buy actual crypto. If you want crypto exposure, each provides cryptocurrency derivatives (such as crypto CFDs) instead of delivered coins.
When it comes to breadth, Axi lists 175 tradeable symbols with 65 forex pairs, while FXOpen offers 87 symbols and 25 pairs. For Range of Investments, Axi is rated 3.5 out of 5 stars and ranks 57th out of 63 brokers, whereas FXOpen earns 3 stars and ranks 63rd. If you value more markets and currency pairs, Axi has the larger lineup; FXOpen suits traders comfortable with a leaner selection.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 87 |
| Forex Pairs (Total) | 65 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). |
Dive deeper: Best Copy Trading Platforms.
Axi and FXOpen both make it easy to get started with trading platforms and tools. Each broker offers a free demo (paper) account, web and Windows desktop platforms, and the popular MetaTrader 4 (MT4). Neither brand has its own proprietary platform, but both support copy trading and let you place orders directly from price charts. The key difference: FXOpen also offers MetaTrader 5 (MT5), while Axi does not.
According to ForexBrokers.com, FXOpen earned 4 out of 5 stars for Trading Platforms and Tools and ranked #54, while Axi scored 3.5 out of 5 stars and ranked #64. If MT5 access and a slightly higher platform score matter to you, FXOpen has the edge; if you only need MT4 with web and desktop access plus a demo account and copy trading, Axi covers the essentials. Details about the number of indicators, drawing tools, watch list fields, or support for services like DupliTrade or ZuluTrade weren’t provided.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Axi vs FXOpen mobile app comparison: both brokers offer iPhone and Android apps with price alerts, 30 technical studies for charting, and the ability to draw trendlines. Neither app syncs watchlists between mobile and the online account, and neither auto-saves chart drawings. Details about viewing multiple time frames and creating watchlists with real-time quotes were not specified in the provided information.
For overall app quality, FXOpen holds a slight edge: it’s rated 4 stars and ranks #55 out of 63 in ForexBrokers.com’s Mobile Trading Apps category, while Axi is rated 3.5 stars and ranks #60. If you need comparable chart tools and alerts, both are similar; if watchlist syncing or auto-saving drawings matters to you, note that neither app includes those features.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
| Mobile Watchlist [DELETED] |
Dive deeper: Best Forex Trading Apps.
Axi and FXOpen both cover the basics for market research, including an economic calendar and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. FXOpen stands out for offering daily market commentary, which Axi does not provide. If you value frequent, digestible updates on what’s moving markets each day, FXOpen has the edge there.
When it comes to tools, Axi pulls ahead: it offers Autochartist for technical analysis and a sentiment tool showing long/short positioning, while FXOpen lacks both. Neither broker lists Trading Central, and availability of TipRanks or Acuity Trading tools isn’t specified for either. Both earn 3 stars for Research, with Axi ranked 56th and FXOpen 64th by ForexBrokers.com. Choose Axi if you want more built-in analysis tools and sentiment data; choose FXOpen if daily commentary is your priority.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Axi vs FXOpen for beginner education: Axi runs client webinars at least once a month, while FXOpen does not offer monthly educational webinars. Axi also provides at least 10 beginner-focused trading videos; FXOpen does not meet that mark. Neither broker offers 10 or more advanced videos for experienced traders. It isn’t specified whether either broker meets the broader bar of 10+ total forex or CFD education pieces, whether they host a searchable archive of past webinars, or whether they provide an investor dictionary with 50+ terms.
Both brokers earn 3 out of 5 stars for Education. In ForexBrokers.com’s rankings, Axi places 27th out of 63 brokers, ahead of FXOpen at 59th. If you want live learning and a fuller set of beginner videos, Axi is the stronger choice for starting out. If webinars aren’t important to you, FXOpen may suffice, but expect fewer beginner videos and a lower category ranking.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Axi is better than FXOpen. Axi finished with an overall rank of #49, while FXOpen finished with an overall rank of #54.
Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available and a limited range of investment products, Axi lags behind the best multi-asset brokers.
| Feature |
Axi
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FXOpen
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|---|---|---|
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| Trust Score | 82 | 76 |
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Both Axi and FXOpen do not provide the option to buy actual (delivered) cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives, allowing investors to speculate on price movements without owning the underlying asset.
Compared to FXOpen, Axi similarly supports Skrill and bank wire deposits/withdrawals while not offering ACH/SEPA or PayPal, and Visa/Mastercard availability is not specified for either broker.
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 | Axi | FXOpen | |
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| Trust Score | 82 | 76 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | Axi | FXOpen | |
|---|---|---|---|
| Broker Gallery (click to expand) |
| Regulation | Axi | FXOpen | |
|---|---|---|---|
| Trust Score | 82 | 76 | |
| Year Founded | 2007 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Axi | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Axi | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Axi | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 87 | |
| Forex Pairs (Total) | 65 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). |
| Cost | Axi | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Axi | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Axi | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Axi | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Axi | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Axi | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | |||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | FXOpen | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Axi | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review |
| Overall | Axi | FXOpen | |
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| Trust Score | 82 | 76 | |
| Winner | check_circle | ||
| Review |
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