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.
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.
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 of online brokers Axi and FXOpen, both hold strong positions in the forex trading market. Axi is notable for its straightforward fee structure, making it accessible for traders who prefer simpler pricing without the complexity of additional charges. It enjoys a solid reputation and receives a 4-star rating from users concerning its commissions and fees. However, the broker ranks at #43 out of 63 brokers in the ForexBrokers.com Commissions and Fees category.
Similarly, FXOpen offers competitive pricing, which appeals to many traders aiming for cost-effectiveness in their trading activities. Like Axi, FXOpen also garners a 4-star rating, reflecting satisfaction from its user base regarding fees. Its structure is designed to be user-friendly, ensuring traders can focus on their strategies without worrying about hidden costs. FXOpen holds a close rank at #44 out of 63 brokers according to ForexBrokers.com, just a notch below Axi.
Both Axi and FXOpen present viable options for traders looking for reliable brokers with commendable fee structures. Though they share a similar star rating and are closely ranked, they differ slightly in their market positioning, which could sway traders depending on their specific needs and preferences.
| 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 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 it comes to choosing between Axi and FXOpen for your trading needs, the range of investments available is an essential factor to consider. Axi offers a wider selection with 175 tradable symbols and 65 forex pairs, whereas FXOpen provides 87 tradable symbols and 25 forex pairs. Both platforms allow for forex trading as a CFD or spot contract but do not provide trading in exchange-traded securities on either U.S. or international exchanges. This means you cannot directly purchase shares like Apple or Vodafone through these brokers.
Both Axi and FXOpen support copy trading and give traders the opportunity to trade cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies. In terms of user ratings, Axi holds a slight edge with 3.5 stars for its range of investments, while FXOpen scores 3 stars. According to ForexBrokers.com, Axi is ranked #56 out of 63 brokers, whereas FXOpen is placed at #62 in the Range of Investments category. Ultimately, Axi provides a more extensive offering, making it a more versatile choice for those keen on a broader selection.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 87 |
| Forex Pairs (Total) | 65 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools provided by Axi and FXOpen, both offer a comprehensive range that caters to various trading needs. Both brokers provide simulated paper trading with free virtual demo accounts, allowing new traders to practice without financial risk. You won't find proprietary platforms with either broker, but both offer MetaTrader 4 (MT4) and a Windows-based desktop platform. While Axi does not support MetaTrader 5 (MT5), FXOpen does. Both offer web-based trading platforms, facilitating access from any device connected to the internet.
In terms of advanced features, Axi and FXOpen both offer copy trading and access to ZuluTrade, though neither supports DupliTrade. For charting, each broker provides 15 drawing tools and the capability to trade directly from stock charts. Both cater well to traders who rely heavily on technical analysis. When it comes to watch lists, each broker offers 7 columns for fields. In ratings, Axi scored 3.5 stars, while FXOpen received a rating of 4 stars. In the ForexBrokers.com rankings, Axi is positioned at #63, whereas FXOpen is ranked higher at #53 among 63 brokers reviewed for their trading platforms and tools.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Axi and FXOpen offer mobile trading apps compatible with iPhone and Android devices, catering to forex traders on the go. These apps provide essential features like price alerts and the ability to view multiple time frames on stock or forex charts. Axi and FXOpen users will find a similar offering of 30 technical studies to aid their charting experience. However, neither broker supports watchlist symbol syncing between the mobile app and online accounts, nor do they auto-save chart drawings. Both platforms allow drawing trendlines and creating watchlists with real-time quotes, providing the necessary tools for informed trading decisions.
When it comes to user ratings, FXOpen edges out Axi with a 4-star rating compared to Axi's 3.5 stars. According to ForexBrokers.com, FXOpen takes a slightly better rank, placed at #54 out of 63 brokers, while Axi is ranked #59. While both brokers offer competitive features with their mobile apps, FXOpen’s slightly higher ratings might sway traders looking for a slightly more favorably reviewed experience.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | 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 comparing Axi and FXOpen for market research offerings, potential investors will find that both platforms present distinct features tailored for different trading needs. Axi does not provide daily market commentary, while FXOpen does, offering a regular insight into market movements. Both platforms deliver forex news from top-tier sources, ensuring traders are well-informed with updates from reputable names like Bloomberg and Reuters. A standout feature for Axi users is access to technical analysis tools like Autochartist, something FXOpen does not offer. Furthermore, Axi's sentiment-based trading tool can provide additional insights for trading strategies, a tool absent from FXOpen. However, neither platform provides tools from Trading Central, TipRanks, or Acuity Trading, equating them in these particular areas.
Despite having similar features for economic calendars and industry news accessibility, Axi earns an edge with specialized analysis tools that may appeal to traders focused on technical strategies. Both brokers hold a mid-range score of three stars for their research capabilities, yet Axi is slightly better ranked at 55th compared to FXOpen's 63rd position according to ForexBrokers.com. This comparative analysis highlights Axi as a more feature-rich choice for traders who prioritize technical analysis tools and sentiment data alongside their market research activities.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners eager to explore the world of forex and CFDs, Axi stands out as a more comprehensive resource hub compared to FXOpen. Axi provides a rich array of educational materials, including more than 10 articles, videos, and archived webinars specifically focused on forex and CFDs. Additionally, beginners can benefit from Axi’s monthly online educational webinars, though these are not archived for later viewing. On the other hand, FXOpen does not offer the same level of educational content, lacking the minimum threshold for educational materials or webinars.
Both Axi and FXOpen feature an investor dictionary with over 50 investing terms, which makes navigating trading terminology easier for new traders. Nevertheless, Axi further supports beginners with over 10 dedicated educational videos. Despite this, both brokers share an equal education rating of 3 stars out of five. However, when ranked among 63 peers, Axi is noted as #27, whereas FXOpen finds itself lower on the list at #58, highlighting Axi’s stronger educational offerings for newcomers to trading.
| Feature |
Axi
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 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
|
|---|---|---|
| Overall Rating |
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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.
In comparing online brokers Axi and FXOpen, neither offers ACH or SEPA transfers or PayPal for depositing or withdrawing funds; however, both support Skrill, Visa or Mastercard, and bank wire transfers for their clients.
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 | ||
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| Broker Screenshots | Axi | FXOpen | |
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| 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) | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Axi | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Axi | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 87 | |
| Forex Pairs (Total) | 65 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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). |
| Cost | Axi | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Axi | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | Axi | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Axi | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Axi | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | Axi | FXOpen | |
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| Trust Score | 82 | 76 | |
| Winner | check_circle | ||
| Review |
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