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 | 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 and Axi both support forex trading via CFDs or spot contracts (availability can depend on your region), and both offer copy trading. OANDA stands out for variety, with 4,172 tradeable symbols and 69 forex pairs, compared with Axi’s 175 symbols and 65 pairs. OANDA also lets clients buy exchange-traded securities on U.S. and international exchanges (not CFDs), while Axi does not offer direct stock investing.
For crypto, OANDA offers both actual cryptocurrency purchases and crypto derivatives, whereas Axi limits you to crypto derivatives only. Reflecting this wider range of investments, OANDA earns 4 stars and ranks #28 out of 63 brokers for Range of Investments at ForexBrokers.com, while Axi holds 3.5 stars and ranks #57.
| 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.
Comparing OANDA and Axi on trading platforms and tools: both brokers provide free demo (paper) trading and offer web and Windows desktop platforms. OANDA adds a proprietary platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Axi focuses on MT4 only. Both support copy trading, but only Axi connects to ZuluTrade. With either broker, you can place trades directly from charts.
When it comes to features, OANDA offers six watchlist columns versus seven at Axi. According to ForexBrokers.com, OANDA earns 4 stars and ranks #15 out of 63 brokers for Trading Platforms and Tools, while Axi scores 3.5 stars and ranks #64 in this category.
| Feature |
OANDA
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both the OANDA mobile app and the Axi mobile app are available for iPhone and Android, and each supports price alerts and watchlists with real-time quotes. For charting, both apps offer 30 technical indicators, trendline drawing, and multiple time frames (intraday through longer-term views). One shared limitation: neither app syncs watchlist symbols between mobile and the online account, so changes made on one don’t appear on the other.
Where they differ is in polish and recognition. OANDA’s app auto-saves your chart drawings, while Axi’s does not—handy if you’ve marked up levels and don’t want to redo them. OANDA also earns a higher expert score: 5 stars and ranked #7 out of 63 brokers for Mobile Trading Apps by ForexBrokers.com, versus Axi’s 3.5 stars and #60 ranking. If you want a smoother charting workflow and stronger overall mobile experience, OANDA has the edge; Axi still covers the basics for trading on the go.
| 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.
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 | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
OANDA vs Axi: both brokers check the box for beginner-friendly forex and CFD education, offering at least 10 learning pieces such as articles, videos, and webinars. Each hosts ongoing client webinars at least once a month. A key difference is access after the event—OANDA provides a searchable archive of recorded webinars, while Axi does not. For video lessons, both deliver 10+ beginner trading videos; however, OANDA also offers 10+ advanced videos for when you’re ready to step up, whereas Axi lacks that deeper library. Both brokers include an investor dictionary with definitions for 50+ trading terms, which helps new traders learn the basics quickly.
If education quality is your priority, OANDA earns 5 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, compared with Axi’s 3-star rating and #27 ranking. In short, beginners will find solid starting materials at both brokers, but OANDA stands out for its searchable webinar archive and broader path from beginner to advanced topics.
| 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
|
|---|---|---|
| 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 |
| 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. 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 Desktop Trading 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 [DELETED] | |||
| 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) [DELETED] | |||
| 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 | ||
| Client sentiment data | 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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