Written by ForexBrokers.com
In this head to head comparison of Axi vs IUX, 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, established in 2007, and IUX, founded in 2016, are both online brokers that are not publicly traded nor operate as banks. When it comes to regulatory oversight, Axi stands out with two Tier-1 licenses, ensuring a high level of trust, and one Tier-2 license, contributing to its ForexBrokers.com Trust Score of 82, placing it in the "trusted" category. In contrast, IUX has no Tier-1 licenses but holds one Tier-2 license, which gives it a Trust Score of 69, categorizing it as "high risk" according to ForexBrokers.com.
The difference in their Trust Scores and licensing can be crucial for traders considering the safety of their investments. Axi's higher trust rating and multiple licenses present it as a more secure option for investors, while IUX's lower score may suggest a need for caution. To ensure peace of mind, potential clients might prioritize Axi for its regulatory strengths and trust credentials.
| Feature |
Axi
|
IUX
|
|---|---|---|
| Year Founded | 2007 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers Axi and IUX, both brokers offer competitive pricing structures but with some nuanced differences. Axi does not provide detailed average spread data, yet it is rated 4 out of 5 stars for commissions and fees, ranking 44th out of 63 brokers on ForexBrokers.com. This suggests that while Axi is seen as a strong contender, it might not offer the absolute lowest costs in the market.
IUX, on the other hand, presents a flexible pricing model determined by the type of account a trader selects. For those opting for standard accounts, the Standard and Standard+ accounts only require a minimal deposit of $10. The Standard account offers lower spreads without bonuses, whereas the Standard+ account includes promotions but with wider spreads. Active traders might prefer the Raw or Pro accounts, both necessitating a $500 minimum deposit. The Raw account provides the tightest spreads with a commission fee of $6 per standard lot, while the Pro account offers low spreads without extra commission. IUX's average spreads for the EUR/USD pair are competitive across its accounts, yet the broker doesn't outperform industry leaders in cost.
Overall, IUX matches Axi with a 4-star rating for commissions and fees and ranks 49th out of 63 brokers according to ForexBrokers.com. When considering either broker, it’s crucial for traders to balance factors such as account type preferences, spread and commission structures, and deposit requirements to make an informed decision that aligns with their trading strategies.
| Feature |
Axi
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| 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 the range of investments, both Axi and IUX provide opportunities for forex trading through CFDs or spot contracts. Axi offers a wider selection with 175 tradeable symbols, including 65 forex pairs, compared to IUX's 152 symbols and 34 forex pairs. However, neither broker provides access to exchange-traded securities on U.S. exchanges, such as Apple shares. While Axi does not offer international exchange-traded securities, IUX allows clients to invest in shares on global markets like the London Stock Exchange.
In terms of additional features, Axi supports copy trading, which is not available with IUX. For cryptocurrency enthusiasts, both brokers offer cryptocurrency derivatives, but not actual cryptocurrency purchases. Despite their differences, both Axi and IUX are rated 3.5 stars for their range of investments. According to ForexBrokers.com, Axi ranks slightly ahead at #56, while IUX follows at #60 out of 63 brokers evaluated in this category.
| Feature |
Axi
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 152 |
| Forex Pairs (Total) | 65 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing Axi and IUX in terms of trading platforms and tools, both brokers offer simulated trading with free virtual demo accounts, catering to beginners eager to practice without financial risk. Axi leans on well-known platforms like MetaTrader 4, appealing especially to traders who are familiar with this standard. On the other hand, IUX provides its own proprietary platform, offering a unique trading experience with more customization possibilities. Both brokers support desktop downloads for Windows and facilitate easy access through web-based platforms, ensuring flexibility for different user preferences. While Axi supports copy trading through ZuluTrade, IUX does not provide copy trading options, which may influence traders looking for social trading features.
Examining further technical aspects, Axi provides access to 15 drawing tools on its charts, whereas IUX goes beyond with a whopping 89 drawing tools, offering traders more detailed analysis capabilities. Axi features seven columns available for customizing watch lists, while IUX impresses with a much greater 46 columns, catering to traders who manage diverse portfolios. Both platforms make trading directly from stock charts possible, maintaining ease of use. Despite these offerings, both received a middle ground rating of 3.5 stars out of five for trading platforms and tools. Axi, however, ranked lower at 63rd place among 63 brokers reviewed by ForexBrokers.com, while IUX slightly edges ahead at 59th, reflecting minor differences in user satisfaction and platform capabilities.
| Feature |
Axi
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Drawing Tools (Total) | 15 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Axi and IUX both provide mobile trading apps for iPhone and Android users, offering essential features like real-time quotes and multi-timeframe chart views. However, there are distinct differences between the two. Axi excels with its stock or forex price alerts and the ability to draw trendlines on charts. While IUX lacks these features, it compensates with an impressive 106 technical studies for charting, compared to Axi’s 30. Both apps allow users to create custom watchlists, but neither offer the convenience of syncing watchlists across different platforms, meaning updates need to be managed separately.
When it comes to user experience, Axi’s app doesn't auto-save chart drawings, which is a feature IUX provides. Despite these differences, both mobile apps have received a 3.5-star rating, reflective of their functionality and user satisfaction. Nonetheless, regarding rankings, Axi slightly outperforms IUX in the ForexBrokers.com Mobile Trading Apps category, securing the 59th spot out of 63, while IUX is ranked just below at 60th. Whether you prioritize extensive charting capabilities or specific alert features, both platforms offer distinct advantages to cater to different trading preferences.
| Feature |
Axi
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Axi and IUX, a few key differences emerge, despite both lacking in daily market commentary. Axi shines by providing forex news from reputable sources such as Bloomberg and Reuters, which is not available with IUX. Additionally, Axi offers technical analysis and fundamental research tools from Autochartist, along with a sentiment-based trading tool that gives insight into market trends by showing the ratio of long and short positions across currency pairs. IUX falls short in these areas, not offering similar features to its users.
Both Axi and IUX provide access to an economic calendar featuring global news events, ensuring traders stay informed on economic shifts. Despite the distinct advantages Axi holds with its research tools and forex news access, both brokers receive a research rating of three out of five stars. In terms of overall ranking among 63 brokers, Axi is slightly ahead at position 55, compared to IUX, which stands at 59, indicating a slightly better market research provision by Axi.
| Feature |
Axi
|
IUX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| 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.
When it comes to providing educational resources for beginners, Axi stands out compared to IUX. Axi offers a comprehensive range of materials for those new to trading, including over ten educational pieces focused on forex and CFDs. They also host monthly online client webinars, providing a consistent opportunity for learning. For those new to trading, Axi has over ten beginner-focused educational videos, further supporting newcomers in their trading journey. Additionally, Axi provides valuable support with an investor dictionary that covers over fifty investment terms, making it easier for beginners to get a grasp on the industry jargon.
On the other hand, IUX's offerings for beginner education are more limited. While IUX matches Axi in providing beginner educational videos, they fall short in other areas. IUX lacks a collection of educational articles or webinars specifically about forex or CFDs and does not host monthly webinars for clients. Furthermore, there’s no investor dictionary available from IUX, which may leave beginners searching elsewhere for necessary explanations of investment terms. As a result, in the ForexBrokers.com education rankings, Axi is placed at #27 out of 63 brokers, indicating a stronger educational offering compared to IUX, which is ranked at #59. Despite both receiving a three-star rating, Axi clearly provides a more supportive environment for learners in the financial trading world.
| Feature |
Axi
|
IUX
|
|---|---|---|
| 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 IUX. Axi finished with an overall rank of #49, while IUX finished with an overall rank of #63.
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
|
IUX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 82 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Axi and IUX do not provide the option to purchase actual delivered cryptocurrencies, but they each offer the ability to trade in cryptocurrency derivatives.
Both Axi and IUX do not support ACH or SEPA transfers or PayPal for account funding, but they do offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Axi | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 82 | 69 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | Axi | IUX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | Axi | IUX | |
|---|---|---|---|
| Trust Score | 82 | 69 | |
| Year Founded | 2007 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Axi | IUX | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Axi | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Axi | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 152 | |
| Forex Pairs (Total) | 65 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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). |
| Cost | Axi | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| 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 | IUX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Axi | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Drawing Tools (Total) | 15 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Axi | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | No |
| Research | Axi | IUX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | IUX | |
|---|---|---|---|
| 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 | IUX | |
|---|---|---|---|
| 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 | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 82 | 69 | |
| Winner | check_circle | ||
| Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill