Written by ForexBrokers.com
In this head to head comparison of Axi vs iFOREX, 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 iFOREX are both established names in the online trading world, having been founded in 2007 and 1996 respectively. Neither of these brokers is publicly traded or operates as a bank. Axi holds two Tier-1 licenses and one Tier-2 license, which contribute to its ForexBrokers.com Trust Score of 82, placing it in the 'trusted' category. In contrast, iFOREX has one Tier-1 license and no Tier-2 licenses, earning it a Trust Score of 75, which is considered an 'average risk'.
When choosing between Axi and iFOREX, potential traders might consider the regulatory environment each broker operates within. Axi's higher number of licenses and Trust Score suggest a stronger regulatory standing. On the other hand, iFOREX, with its longer operational history since 1996, offers significant experience, though its regulatory credentials are less comprehensive compared to Axi.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Year Founded | 2007 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Axi and iFOREX, their commission and fee structures stand out as significant points of differentiation. Axi receives a commendable four-star rating for its commissions and fees, which places it at a respectable #43 among 63 brokers as ranked by ForexBrokers.com. Though specific average spread data is unavailable, this high rating suggests that Axi offers competitive pricing and trader-friendly conditions that appeal to many users.
On the other hand, iFOREX receives a lower rating of three stars for its commissions and fees, ranking at #61 out of 63 brokers in the same category. The absence of average spread data makes it difficult to pinpoint the exact costs investors might face, but the lower ranking implies that iFOREX may not offer the same cost advantages as some of its competitors, potentially leading to higher overall trading expenses for its users.
In summary, Axi generally provides more favorable commission and fee terms compared to iFOREX, making it a potentially more cost-effective choice for traders concerned about trading fees and overall expenses. While iFOREX may offer other benefits, traders with a focus on affordable fee structures might find Axi a more attractive option.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 evaluating Axi and iFOREX based on their range of investment options, both brokers provide access to forex trading through CFDs or spot contracts. However, iFOREX surpasses Axi in the number of tradeable symbols and forex pairs, offering 750 symbols and 88 forex pairs compared to Axi's 175 symbols and 65 forex pairs. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, so buying company shares, like Apple or Vodafone, isn't an option with either broker.
For those interested in cryptocurrency, both Axi and iFOREX offer derivatives, but not actual cryptocurrency purchases. Axi stands out by offering copy trading, a feature iFOREX lacks. Despite these differences, both have earned a rating of 3.5 stars for their range of investments. Still, iFOREX ranks higher at 41st place, compared to Axi's 56th position out of 63 brokers evaluated by ForexBrokers.com in this category. Overall, the choice between these brokers may come down to individual preferences for symbol variety and trading features like copy trading.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 750 |
| Forex Pairs (Total) | 65 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 comparing the trading platforms and tools of Axi and iFOREX, each broker offers unique features to traders. Axi provides the popular MetaTrader 4 (MT4) platform and supports copy trading through ZuluTrade. It's a strong choice for those who prefer a downloadable desktop platform on Windows and appreciate web-based access. Notably, Axi offers a free virtual demo account, giving new traders a chance to practice without risk. However, Axi does not have a proprietary platform, nor does it support MetaTrader 5 (MT5). For charting, Axi offers a solid set of 15 drawing tools and allows trading directly from stock charts, although its watch lists feature fewer fields when compared to iFOREX.
On the other hand, iFOREX shines with its proprietary web-based platform, which may appeal to traders looking for a customized experience. Though it lacks a Windows-based desktop download and MetaTrader support, iFOREX provides an impressive 25 drawing tools for charting, facilitating detailed technical analysis. In addition, its watch lists are more detailed, with 9 columns available. While iFOREX does not offer a demo account or copy trading support, its tools and features have earned it a higher rating of 4 stars compared to Axi's 3.5 stars. Furthermore, iFOREX ranks better overall in the Trading Platforms and Tools category, sitting at #54 out of 63 brokers as opposed to Axi's #63.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between Axi and iFOREX for mobile trading, it's important to consider both the features and user ratings. Axi provides apps for both iPhone and Android users, essential tools for trading on the go. Both apps from these brokers allow you to trade, but their functionalities vary. Axi stands out by offering price alerts, a feature not available with iFOREX, and supports drawing trendlines and viewing multiple time frames in its mobile app. However, both fall short when it comes to syncing watchlists across devices. In terms of technical studies, Axi offers 30 built-in options for charting, though iFOREX’s suite lacks this detail.
Despite its extensive features, Axi's mobile app garners a 3.5-star rating out of 5, and is ranked #59 out of 63 brokers by ForexBrokers.com. In contrast, iFOREX, with fewer trading features, manages a slightly better user rating of 4 stars and ranks #55. Both apps have their pros and cons, so your choice may depend on whether you prioritize specific features like price alerts and charting tools or overall ease of use reflected in community ratings.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research features of online brokers Axi and iFOREX, it's clear that each has its unique offerings. Axi stands out by providing forex news from reputable sources like Bloomberg and Reuters, and it also integrates tools from Autochartist, aiding users in technical and fundamental analysis. Additionally, Axi offers a sentiment-based trading tool that gives insights into market positions and an economic calendar showcasing global news events. However, it lacks daily market commentary and research tools from Trading Central or Acuity Trading.
iFOREX, on the other hand, differentiates itself with daily market commentary and access to Trading Central's analytical tools, but it doesn't feature forex news from major sources like Bloomberg or Reuters, nor tools from Autochartist. Similar to Axi, iFOREX offers a sentiment-based trading tool and a comprehensive economic calendar. Despite Axi's strengths, iFOREX edges ahead with a slightly better research rating of 3.5 stars compared to Axi's 3 stars, and a higher ranking at #48 versus Axi's #55, according to ForexBrokers.com.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| 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.
Axi stands out with a variety of educational resources tailored for beginners in forex and CFDs trading. It offers a wide selection of over ten educational pieces, including articles and videos, designed to assist new traders in understanding the basics. Additionally, Axi hosts monthly webinars to keep learners engaged and informed, though it lacks a searchable archive for past sessions. Notably, novice traders can benefit from more than ten beginner-focused videos and access a comprehensive investor dictionary featuring over 50 terms. Despite not offering advanced-level videos, Axi achieves a solid education rating of 3 stars and is ranked 27th among 63 brokers by ForexBrokers.com.
In contrast, iFOREX provides over ten beginner-friendly educational videos, aiding those new to trading. However, it falls short in areas such as delivering minimum education pieces on forex and CFDs beyond basic videos. Furthermore, it lacks monthly webinars and a detailed investor dictionary, potentially leaving some beginners seeking more comprehensive learning tools. Despite these limitations, iFOREX holds a slightly higher education rating of 3.5 stars but is positioned lower than Axi, at 53rd out of 63 brokers on ForexBrokers.com’s list for educational resources.
| Feature |
Axi
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | 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 iFOREX. Axi finished with an overall rank of #49, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 75 |
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Both Axi and iFOREX do not allow users to purchase actual delivered cryptocurrencies, but they each provide the option to buy cryptocurrency derivatives.
When comparing online brokers Axi and iFOREX, neither offers ACH or SEPA transfers for deposits or withdrawals, iFOREX provides PayPal, while both brokers support Skrill, Visa, Mastercard, and bank wires as options for managing account funds.
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 | iFOREX | |
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| Trust Score | 82 | 75 | |
| Winner | check_circle | ||
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| Broker Screenshots | Axi | iFOREX | |
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| Regulation | Axi | iFOREX | |
|---|---|---|---|
| Trust Score | 82 | 75 | |
| Year Founded | 2007 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Axi | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 750 | |
| Forex Pairs (Total) | 65 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Axi | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Axi | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Axi | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | Axi | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Axi | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Axi | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 82 | 75 | |
| Winner | check_circle | ||
| Review |
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