Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA and Axi are both reputable online brokers but differ significantly in their levels of regulatory oversight and perceived trustworthiness. Founded in 1996, OANDA holds seven Tier-1 licenses, placing it in the highly trusted category with a Trust Score of 93 according to ForexBrokers.com. This high trust score reflects its solid reputation in the financial world. Despite being privately held and not being a bank, OANDA's extensive regulatory approvals give traders confidence in its credibility and operational standards.
On the other hand, Axi, established in 2007, has achieved a Trust Score of 82, indicating a trusted status but not as strong as OANDA. Axi holds two Tier-1 licenses and one Tier-2 license. Like OANDA, Axi is privately owned and not a bank. While it offers decent security, potential investors should consider that it holds fewer top-tier licenses, which might influence their decision, depending on how important regulatory backing and trust scores are in their trading activities.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Year Founded | 1996 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, both OANDA and Axi are rated 4 out of 5 stars. In ForexBrokers.com’s Commissions and Fees ranking of 63 brokers, OANDA is #35 while Axi is #44—so OANDA has the higher placement, even though their star ratings match.
OANDA’s forex costs skew higher than the cheapest brokers. Its default spreads are similar to FOREX.com and FxPro; in July 2024 the average EUR/USD spread on non-core pricing was 1.61 pips. OANDA’s Core pricing lowers the spread but adds a $5 per side commission per $100,000 traded (about $10 per round turn per standard lot) and requires a $10,000 minimum deposit. Example: if EUR/USD is 0.4 pips on Core, adding the commission (about 1.0 pip all-in) puts total cost near 1.4 pips—slightly below the 1.6-pip default. OANDA also enables tiny trade sizes (as small as 1 unit), offers automated execution, provides active-trader rebates of $5–$17 per million, and reimburses certain TradingView subscriptions. It publishes trailing average spreads for transparency, though not fixed-period averages.
For Axi, average spread data was not available in the provided source, which makes a precise, apples-to-apples cost comparison difficult. If fees are your main concern, check Axi’s live quotes and any commission-based plans, then compare to OANDA’s examples above. Bottom line: OANDA—4/5 stars, rank #35/63; Axi—4/5 stars, rank #44/63.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing OANDA vs Axi for range of investments, OANDA offers far broader market coverage with 4,172 tradeable symbols and 69 forex pairs, while Axi lists 175 symbols and 65 forex pairs. Both let you trade forex as CFDs or spot and both support copy trading. A key difference is stock access: OANDA lets clients buy exchange-traded securities on U.S. and international exchanges (for example, Apple and Vodafone), whereas Axi does not offer real shares.
On crypto, OANDA provides both delivered cryptocurrency and crypto CFDs, while Axi offers only crypto CFDs. Reflecting this breadth, ForexBrokers.com rates OANDA 4 stars and ranks it #28 out of 63 for Range of Investments, compared with Axi’s 3.5 stars and #57 ranking. If you want more markets—especially real stocks and the option to buy actual crypto—OANDA is the more versatile pick; Axi suits traders focused mainly on forex and CFD instruments.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 175 |
| Forex Pairs (Total) | 69 | 65 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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). | 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.
OANDA and Axi both make it easy to get started with a free demo account, plus each supports web and Windows desktop platforms, copy trading, and trading directly from charts. Both offer MetaTrader 4 (MT4), while OANDA also adds MetaTrader 5 (MT5) and an in-house proprietary platform that Axi does not provide. In independent testing by ForexBrokers.com, OANDA earns 4 stars for Trading Platforms and Tools and ranks #15 out of 63 brokers, while Axi earns 3.5 stars and is ranked #64.
Details for the number of built-in technical indicators and watch list columns are not specified for either broker. If you want MT5 and a proprietary platform alongside MT4, OANDA is the stronger fit. If you’re focused on MT4 with web and desktop access plus copy trading, Axi covers the essentials.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the OANDA mobile app vs. the Axi mobile app, both brokers support iPhone and Android and both let you set forex price alerts. Each app includes 30 technical studies for charting and lets you draw trendlines. Neither app syncs watchlists between mobile and the web, so changes on one don’t carry over to the other.
The main difference shows up in charting convenience and overall scores. OANDA’s app auto-saves your chart drawings, while Axi’s does not. OANDA earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, whereas Axi earns 3.5 stars and ranks #60. If you value higher ratings and smoother charting workflow, OANDA is the stronger pick; Axi covers the basics but scores lower overall.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| 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 | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing OANDA and Axi for market research, OANDA offers daily market commentary while Axi does not. Both brokers deliver forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and each includes Autochartist tools for technical analysis. Neither integrates Trading Central. Both provide a sentiment tool that shows the ratio of long vs. short positions and feature an economic calendar for upcoming events. OANDA does not include research from TipRanks or Acuity Trading; Axi’s availability for TipRanks and Acuity Trading is unclear.
Ratings reflect the gap: OANDA earns 5 stars and ranks #4 out of 63 brokers for Research on ForexBrokers.com, while Axi holds 3 stars and ranks #56. If you want daily commentary and a higher-rated research lineup, OANDA stands out. If you mainly need news, Autochartist, sentiment tools, and an economic calendar, both platforms cover those basics.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
OANDA vs Axi for beginner forex and CFD education: both brokers make it easy to start learning. Each runs at least one client webinar per month and offers 10+ beginner-friendly videos that cover core trading ideas and platform basics, giving new traders clear guidance.
Where they differ is depth as you progress. OANDA also provides 10+ advanced videos for experienced traders, while Axi does not. That gap shows in their Education scores: OANDA holds 5 stars and ranks #19 out of 63 brokers for Education, compared with Axi’s 3 stars and #27 ranking. If you want a learning path that starts simple and continues as you grow, OANDA has the edge. If you mainly want webinars and beginner videos, both can work.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Axi. OANDA finished with an overall rank of #12, while Axi finished with an overall rank of #49.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Axi
|
|---|---|---|
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| Trust Score | 93 | 82 |
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OANDA stands out from Axi by allowing customers to buy actual (delivered) cryptocurrency as well as trade cryptocurrency CFDs, whereas Axi offers cryptocurrency CFDs only and does not support buying delivered crypto.
Compared to Axi, OANDA offers broader deposit and withdrawal methods—ACH/SEPA, PayPal, Skrill, and bank wires—while Axi does not support ACH/SEPA and its availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified; OANDA’s Visa/Mastercard availability is also not specified.
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 | OANDA | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review |
| Broker Screenshots | OANDA | Axi | |
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| Regulation | OANDA | Axi | |
|---|---|---|---|
| Trust Score | 93 | 82 | |
| Year Founded | 1996 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 175 | |
| Forex Pairs (Total) | 69 | 65 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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). | 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 | OANDA | Axi | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | Axi | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | OANDA | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Axi | |
|---|---|---|---|
| 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 | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | OANDA | Axi | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Axi | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | Axi | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review |
| Overall | OANDA | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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