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 |
When comparing OANDA and Axi on commissions and fees, both brokers share a commendable four-star rating. However, they differ significantly in their pricing structures and transparency. OANDA is known for its somewhat high forex trading costs, particularly due to its effective spreads. Its pricing is mostly aligned with brokers like FOREX.com and FxPro, yet its minimum spread cost tends to be slightly elevated compared to those firms offering sub-pip spreads. For example, in July 2024, the average non-core pricing spread at OANDA was 1.61 pips on the EUR/USD pair. Nonetheless, OANDA's key advantage lies in its automated execution and transparency efforts, continually providing a trailing average of its spreads.
For those opting for OANDA's core pricing, while spreads are reduced, there's an additional per-side commission of $5 per $100,000 traded, necessitating a $10,000 minimum deposit. The all-in cost can be beneficial, for instance, with the EUR/USD pair; the core spread is 0.4 pips, and when adding the commission-equivalent, the total comes to 1.4 pips, just below the default pricing model. This might appeal to traders with a higher budget seeking potentially lower overall costs than the no-commission spreads provide. Meanwhile, Axi lacks available average spread data, leaving prospective traders without a clear picture of expected costs in regular trading conditions, though it also garners a four-star rating for its fee structure.
Ranked 34th out of 63 brokers by ForexBrokers.com for the Commissions and Fees category, OANDA positions itself slightly better than Axi, which holds the 43rd spot. While both brokers have appealing aspects, OANDA's efforts towards pricing transparency and detailed offering of smaller trade sizes down to 1 unit (0.001 micro lot), coupled with its Elite Trader program providing rebates, might provide more insights and benefits for active traders compared to the limited fee data availability from Axi.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
OANDA vs Axi: both brokers offer forex trading as CFDs or spot, and both support copy trading. OANDA delivers far more choice with 4,172 tradeable symbols and 69 forex pairs, compared with Axi’s 175 symbols and 65 pairs. If you want a wider menu across markets, OANDA clearly has the larger catalog, while Axi covers the core essentials for currency traders.
When it comes to assets beyond forex, the gap widens. OANDA lets clients buy exchange-traded stocks on U.S. and international exchanges (think Apple or Vodafone), while Axi does not offer real, exchange-listed shares. For crypto, OANDA supports both actual, delivered cryptocurrency and crypto derivatives; Axi offers only crypto derivatives. Reflecting this breadth, ForexBrokers.com rates OANDA 4 out of 5 stars for Range of Investments and ranks it 27th of 63 brokers, while Axi earns 3.5 stars and ranks 56th.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 175 |
| Forex Pairs (Total) | 69 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 OANDA and Axi for their trading platforms and tools, both brokers offer free virtual demo accounts, making it easy for beginners to get started with simulated trading. However, OANDA stands out with its in-house developed platform and offers both MetaTrader 4 and MetaTrader 5, while Axi does not have its proprietary platform and only supports MetaTrader 4. Both platforms are accessible via Windows desktop downloads and web-based interfaces, which provide flexibility for traders who prefer different environments. OANDA, though, excels with a greater number of drawing tools (74) compared to Axi's 15, and it offers a seamless experience trading directly from stock charts, similar to Axi.
For traders interested in social trading, both OANDA and Axi provide options for copy trading, but only Axi includes ZuluTrade as part of its offerings. In terms of customization and analysis, OANDA provides watch lists with six customizable fields, slightly less than Axi's seven. Both brokers allow trading directly from charts, appealing to hands-on traders. When rated for their trading platforms and tools, OANDA earns a commendable four stars and ranks 15th among 63 brokers according to ForexBrokers.com, while Axi receives 3.5 stars and ranks 63rd. This suggests that while both brokers offer solid tools, OANDA might have a slight edge in providing a more comprehensive trading experience.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 74 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both OANDA and Axi offer iPhone and Android versions, allowing traders to manage their portfolios on the go. Each app supports stock and forex price alerts, providing timely updates directly to your device. While both platforms include 30 technical studies for charting analysis and the ability to draw trendlines and view various time frames, OANDA distinguishes itself by offering auto-saving of drawing annotations. This feature could be advantageous for those who frequently tweak their charts and want to ensure no changes are lost.
In terms of usability and user experience, OANDA's mobile app holds a rating of 5 stars, compared to Axi's rating of 3.5 stars, according to customer reviews. Furthermore, OANDA ranks #7 out of 63 brokers on ForexBrokers.com for mobile trading apps, indicating a higher level of user satisfaction and preference. Axi, on the other hand, is ranked at #59, reflecting certain areas for improvement. For traders who prioritize seamless integration and cutting-edge features, OANDA's app might present a more compelling choice. However, both platforms allow users to create watchlists with real-time quotes, ensuring that traders have up-to-the-minute information at their fingertips. While neither app syncs watchlist symbols across all devices, both still provide essential tools for effective mobile trading.
| Feature |
OANDA
|
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 offerings, OANDA and Axi present a mix of similar and distinct features. OANDA stands out by providing daily market commentary, which is not available with Axi. Both brokers supply forex news from reputable sources like Bloomberg and Reuters, and they also offer tools from Autochartist for technical analysis. However, neither broker includes tools from Trading Central. Both OANDA and Axi have sentiment-based trading tools that reveal the ratio of long to short positions across currency pairs, aiding traders in assessing market trends. They each provide an economic calendar that highlights current and upcoming global events, helping traders stay informed of potential market shifts.
Despite these similarities, there are notable differences in their market research ratings and offerings. OANDA boasts a research rating of 5 stars, earning it the 5th spot out of 63 brokers according to ForexBrokers.com. In contrast, Axi is rated 3 stars and is ranked 55th. While OANDA does not offer research from TipRanks or Acuity Trading, the same details are similarly unclear for Axi. Ultimately, OANDA's combination of comprehensive market commentary and high-quality forex news makes it a strong choice for traders who prioritize research. Meanwhile, Axi, with its solid but less comprehensive offerings, still provides viable resources for keeping up with market trends.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When looking at educational resources provided to beginner traders, OANDA and Axi both offer a wealth of opportunities; however, key differences set them apart. Both brokers provide over ten educational pieces such as articles and videos focused on forex and CFDs, serving as valuable learning materials. They each host monthly online webinars, but only OANDA gives access to a searchable archive of past webinars, ensuring newcomers have ample resources to revisit and learn from previous sessions.
For video content, both brokers provide at least ten beginner-focused trading videos, aiding those new to the world of forex. However, when it comes to advanced educational content, OANDA steps ahead by offering a richer library with at least ten advanced trading videos, surpassing Axi, which does not meet this benchmark. Both brokers add value with an investor dictionary featuring over 50 investing terms, helping traders brush up on essential jargon. OANDA scores a higher educational rating of five stars compared to Axi's three stars and holds a higher ranking of 22nd compared to Axi's 27th place in ForexBrokers.com's evaluations.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 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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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 82 |
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In comparing online brokers, OANDA offers both the ability to buy actual delivered cryptocurrency and cryptocurrency derivatives, while Axi provides access only to cryptocurrency derivatives but not to actual delivered cryptocurrencies.
In the comparison of online brokers, OANDA stands out by offering more diverse payment options than Axi, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Axi provides Skrill, Visa or Mastercard, and bank wire options but lacks PayPal and ACH or SEPA transfer capabilities.
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 |
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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/Central Bank 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | OANDA | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | OANDA | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 74 | 15 | |
| 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 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 | OANDA | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | 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 | OANDA Review |
| Overall | OANDA | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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