Written by ForexBrokers.com
In this head to head comparison of IronFX 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.
IronFX and Axi are both reputable online brokers that provide services to global traders. Founded in 2010, IronFX holds three Tier-1 licenses, which reflects a high level of trust according to ForexBrokers.com. It has earned a Trust Score of 83, placing it in the trusted category. Since IronFX is not publicly traded and not a bank, it maintains a streamlined focus on its brokerage services.
On the other hand, Axi was established in 2007 and carries two Tier-1 licenses alongside one Tier-2 license. With a Trust Score of 82, it also falls into the trusted bracket as defined by ForexBrokers.com. Similar to IronFX, Axi is not listed on a stock exchange and does not operate as a bank, enabling it to specialize in financial trading offerings without the complexities of a banking institution.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Year Founded | 2010 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers IronFX and Axi, there are a few key points to consider. IronFX offers a Standard variable spread account with a typical spread of 1.8 pips, but spreads can change based on the account type. For their zero fixed-spread account, spreads start at zero, but an $18 per lot commission applies, with spreads increasing to 3 pips overnight. Axi does not provide average spread data, which may make it difficult for traders to precisely evaluate its cost structure.
Both brokers receive a 4-star rating for commissions and fees, suggesting they offer competitive pricing, albeit with room for improvement. However, IronFX's higher initial spreads might influence the overall cost for traders, whereas Axi's lack of detailed spread information requires potential clients to conduct further research on their possible trading costs.
According to ForexBrokers.com, IronFX ranks #46 out of 63 brokers in the Commissions and Fees category, while Axi is slightly ahead at #43. These rankings indicate both brokers are relatively similar in terms of pricing, though Axi holds a marginally better position. Traders need to weigh these aspects in combination with their personal trading strategies when deciding between IronFX and Axi.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 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 exploring the range of investment options, both IronFX and Axi provide a wide array of opportunities, particularly in forex trading. They each feature forex trading as a CFD or spot contract. IronFX offers a more extensive selection with 340 tradeable symbols and 83 forex pairs compared to Axi's 175 symbols and 65 forex pairs. However, neither broker allows clients to invest in exchange-traded securities on U.S. or international exchanges. This means clients cannot directly purchase shares like Apple on NASDAQ or Vodafone on the London Stock Exchange.
For those interested in cryptocurrency, both platforms offer the ability to trade cryptocurrency derivatives, although not the actual cryptocurrencies. Additionally, IronFX and Axi cater to traders looking to emulate successful strategies through copy trading. With an identical rating of 3.5 stars for their investment range, IronFX holds a slight edge in variety and selection, ranking 51st out of 63 brokers, while Axi follows at 56th, making each a competitive choice depending on your investment focus.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 175 |
| Forex Pairs (Total) | 83 | 65 |
| 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). | 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.
Choosing the right online broker can significantly impact your trading experience, and when it comes to trading platforms and tools, both IronFX and Axi offer a host of features. IronFX and Axi both provide traders with access to MetaTrader 4, a popular platform among traders, but neither offers MetaTrader 5. For users seeking a Windows desktop experience, both brokers have you covered with downloadable trading platforms. Web-based platforms are also available from both brokers, making them accessible on various devices. If you're interested in simulated trading, free virtual demo accounts are on offer by both IronFX and Axi, allowing traders to hone their skills risk-free.
For traders keen on copy trading, you'll find opportunities with both IronFX and Axi. However, while Axi offers the ZuluTrade feature for enhanced copy trading, IronFX does not support ZuluTrade. Both platforms let you trade directly from stock charts and offer 15 drawing tools for effective charting, but neither provides DupliTrade. When it comes to watch list customization, both brokers offer seven different columns. Despite these features, IronFX and Axi rank relatively low by ForexBrokers.com for trading platforms and tools, sitting at #61 and #63 out of 63 brokers, respectively, with an identical rating of 3.5 stars. Consequently, while both brokers offer a range of similar tools, your decision may come down to specific needs like access to ZuluTrade or personal preference for platform aesthetics.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | 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.
When comparing the mobile trading apps of IronFX and Axi, both platforms offer similar features designed to serve traders effectively on the go. Both apps are accessible on iPhone and Android devices, and provide stock or forex price alerts for keeping track of market movements. Users of both IronFX and Axi can apply up to 30 technical studies for comprehensive chart analysis. Additionally, they each support various timeframes such as daily, weekly, or intraday views, and allow traders to draw and auto-save trendlines directly on charts. One noteworthy distinction is in chart drawings; while IronFX automatically saves these, Axi does not offer this utility.
IronFX and Axi also let users create watchlists with real-time quotes, however, neither platform supports watchlist symbol syncing between the mobile app and the online account. With both apps receiving a rating of 3.5 stars for mobile trading from users, they fall towards the lower end of the ranking spectrum by ForexBrokers.com, with IronFX holding the #62 spot and Axi slightly better at #59 out of 63 brokers. In summary, while both apps provide solid charting tools and real-time data, there are slight differences in functionality that may impact user preferences.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| 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 | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, IronFX and Axi each offer unique advantages to online traders. IronFX enhances your trading experience with daily market commentary, providing insightful perspectives on daily financial trends and updates. Additionally, IronFX supplies forex news from major sources such as Bloomberg, Reuters, and Dow Jones, ensuring you are well-informed about the market. On the flip side, Axi does not provide daily commentary, but matches IronFX in offering esteemed forex news. IronFX excels by including Trading Central tools for technical analysis, while Axi compensates with Autochartist tools for comprehensive market research.
Axi stands out with a sentiment-based trading tool, which helps users understand market sentiment by displaying long or short positions across currency pairs. Both platforms provide an economic calendar to track global news events. However, neither offers market research from TipRanks or Acuity Trading. IronFX is rated 4 stars for research, placing it at #28 among 63 brokers, while Axi has a 3-star rating and ranks #55. Each broker provides valuable resources, yet IronFX takes the lead with higher rankings and a broader scope of tools.
| Feature |
IronFX
|
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 | 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 offerings of IronFX and Axi for beginner traders, both online brokers provide a minimum of 10 educational resources focused on forex or CFDs, such as articles, videos, and archived webinars. However, Axi provides more opportunities for interactive learning with their monthly live webinars, while IronFX lacks this feature. On the flip side, IronFX offers a searchable archive of recorded webinars, which can be valuable for learners who prefer to revisit previous sessions at their own pace; this feature is not available with Axi.
Both brokers cater to beginners with at least 10 educational videos that cover trading topics specifically for them. While both also offer extensive investor dictionaries, covering over 50 terms, neither excel in advanced educational content, as they do not provide enough advanced videos for experienced traders. Despite receiving a higher Education rating of 4 stars compared to Axi's 3 stars, IronFX is ranked lower at #44 by ForexBrokers.com, whereas Axi is ranked #27 out of 63 brokers. Each broker has its strengths, so beginners might consider IronFX for its extensive video content and searchable webinars, or Axi for its regular live online sessions.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | 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 IronFX is better than Axi. IronFX finished with an overall rank of #48, while Axi finished with an overall rank of #49.
IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where IronFX has room to further improve as spreads appeared higher than the industry average.
| Feature |
IronFX
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 82 |
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Both IronFX and Axi do not allow for the purchase of actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
Both IronFX and Axi offer Skrill, Visa/Mastercard, and bank wire options for depositing and withdrawing account funds, but neither supports ACH, SEPA, or PayPal transactions.
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 | IronFX | Axi | |
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| Trust Score | 83 | 82 | |
| Winner | check_circle | ||
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| Broker Screenshots | IronFX | Axi | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | IronFX | Axi | |
|---|---|---|---|
| Trust Score | 83 | 82 | |
| Year Founded | 2010 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IronFX | 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) | IronFX | 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 | IronFX | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 175 | |
| Forex Pairs (Total) | 83 | 65 | |
| 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). | 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 | IronFX | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | Axi | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | IronFX | Axi | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | IronFX | Axi | |
|---|---|---|---|
| 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 | IronFX | Axi | |
|---|---|---|---|
| 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 | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | IronFX | 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IronFX | 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 |
| Overall | IronFX | Axi | |
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| Trust Score | 83 | 82 | |
| Winner | check_circle | ||
| Review |
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