Written by ForexBrokers.com
In this head to head comparison of Octa 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.
Octa and Axi are online brokerage firms with distinct regulatory profiles that cater to different levels of trader trust. Founded in 2011, Octa holds one Tier-1 license and one Tier-2 license, which contributes to its ForexBrokers.com Trust Score of 72. While it is not publicly traded and does not operate as a bank, Octa is still positioned within the average risk bracket, making it a viable option for traders looking for a platform with moderate regulatory oversight.
On the other hand, Axi, established in 2007, holds two Tier-1 licenses, making its regulatory standing stronger in comparison. It also possesses one Tier-2 license, enhancing its overall reliability. Axi's dedication to providing trusted services is reflected in its Trust Score of 82, which falls in the trusted category according to ForexBrokers.com. Like Octa, Axi is neither publicly traded nor a bank, but its higher trust score and additional licensing might appeal to more cautious traders.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Year Founded | 2011 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Octa to Axi, both brokers offer competitive rates, gaining favorable star ratings of four out of five. Octa has significantly improved its pricing strategy, especially among MetaTrader brokers, with no slippage on 97.5% of executed orders and zero overnight carry costs. However, limitations exist for high-frequency traders. Meanwhile, Axi also maintains a strong reputation, yet specific average spread data is not readily available for comparison.
Octa adjusts its commissions and fees based on account types and regulatory entities. Clients in the EU access a single account through the MT5 platform, whereas international customers can choose between accounts for MT4, MT5, or the OctaTrader. Spread pricing at Octa is entity-dependent, with the EU entity offering a slightly lower average spread of 0.5 pips for the EUR/USD pair compared to 0.9 pips for foreign entities. Unfortunately, without a specific date range for this data, direct comparisons to other brokers' spread claims are limited. Despite Octa's progress, more transparent reporting would further enhance its standing.
In terms of rankings, Octa stands at number 29 and Axi at number 43 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com. While both brokers deliver on cost-effectiveness, Octa's recent advancements place it ahead in this area according to the latest rankings. As both firms continue to refine their offerings, potential clients should weigh these aspects when choosing a broker that fits their trading needs.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Minimum Deposit | $25 | $0 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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 comparing Octa and Axi, both brokers offer forex trading as CFDs or spot contracts, catering to a wide audience interested in currency markets. Octa boasts 300 tradeable symbols, surpassing Axi's 175 symbols, offering a broader selection for investment options. However, Axi leads in forex pair offerings, providing investors with 65 pairs compared to Octa's 35. Neither broker offers U.S. exchange-traded securities, but Octa permits trading on international exchanges, like the London Stock Exchange, unlike Axi. Both firms provide copy trading and offer cryptocurrency trading via derivatives, allowing investors to engage in these popular markets without directly owning the assets.
The accessibility of various investment opportunities gives Octa and Axi their respective 3.5-star ratings for range of investments. Octa holds a slightly higher ranking at #52 compared to Axi's #56 as per ForexBrokers.com. While Octa presents a wider selection of tradeable symbols and access to international markets, Axi offers more forex pairs and the same modern trading tools like cryptocurrency derivatives and copy trading.
| Feature |
Octa
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 175 |
| Forex Pairs (Total) | 35 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing the trading platforms and tools of Octa and Axi, both brokers offer free virtual demo accounts, providing a risk-free environment for traders to develop their strategies. Octa stands out with its proprietary trading platform, unlike Axi which relies on external platforms. Both brokers offer Windows-based and web-based platforms, ensuring accessibility for users. Traders will also find copy trading available on both platforms, and while both support MetaTrader 4, only Octa extends this offering to MetaTrader 5. Axi, on the other hand, supports ZuluTrade, which Octa does not.
In terms of charting tools, both brokers provide 15 drawing tools but have not specified the number of technical indicators they offer. They each allow trading directly from stock charts and include seven columns for watchlist customization. Octa receives a higher rating for its trading platforms and tools with a score of 4 stars, compared to Axi's 3.5 stars. Moreover, Octa ranks significantly higher in the Trading Platforms and Tools category, positioned at #37 out of 63 brokers by ForexBrokers.com, while Axi is ranked at #63. This suggests a slight advantage for Octa in terms of platform and tool offerings.
| Feature |
Octa
|
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) | 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 considering mobile trading apps from Octa and Axi, both brokers provide apps for iPhone and Android, allowing users to trade on the go. They each include essential features like stock or forex price alerts and the capability to draw trendlines on charts. Additionally, both apps offer users the flexibility to view multiple time frames, such as daily or intraday. However, it's in the finer details where the differences start to appear. For instance, while both brokers allow users to create watchlists with real-time quotes, neither supports automatic syncing of these watchlists between the mobile app and the web platform.
Octa stands out when it comes to saving chart annotations automatically, a feature that Axi lacks. Both brokers offer 30 technical studies for charting, but Octa edges ahead with a solid 4-star rating for its mobile app, compared to Axi's 3.5 stars. Additionally, Octa's app ranks higher on ForexBrokers.com, securing the 36th spot out of 63 brokers, whereas Axi lands at 59th. These differences may sway traders who seek richer charting tools and enhanced app performance in favor of Octa, although Axi remains a reliable option for mobile trading.
| Feature |
Octa
|
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, Octa stands out with its daily market commentary, giving traders timely insights that are absent with Axi. Both platforms provide forex news from top-tier sources like Bloomberg and Reuters, ensuring up-to-date information for traders. They also both support technical analysis via Autochartist, yet neither offers tools from Trading Central or Acuity Trading. A noticeable difference is Axi’s sentiment-based trading tool, which Octa lacks, offering insights on market sentiment across various currency pairs. Both brokers include an economic calendar showcasing upcoming global news events, assisting traders in planning their strategies.
In terms of research ratings, Octa leads Axi with a 4-star rating compared to Axi’s 3-star. According to ForexBrokers.com, Octa is ranked #27 out of 63 brokers for research excellence, while Axi trails at #55. This distinction underscores Octa’s superior positioning in market research capabilities, making it a preferable choice for traders who prioritize comprehensive research tools and insights to make informed trading decisions.
| Feature |
Octa
|
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 | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering educational resources for beginner traders, both Octa and Axi present diverse options, although their offerings differ in key areas. Both brokers provide more than ten educational materials, such as articles and videos, on forex or CFDs, making them accessible for those new to trading. They both host monthly online webinars, essential for interactive learning, yet Octa distinguishes itself by offering a searchable archive of recorded webinars, which Axi does not. Additionally, both brokers cater to beginners through at least ten beginner-focused videos, whereas Octa further extends its resources with a series of advanced videos for seasoned traders, a feature lacking at Axi.
In terms of support tools, both brokers offer investor dictionaries with over 50 investing terms, aiding in familiarizing with trading jargon. However, when looking at educational quality and user ratings, Octa earns a commendable four-star rating, compared to Axi's three stars. Despite this, Axi is ranked higher for education by ForexBrokers.com at #27, while Octa holds the 42nd spot. This comparison highlights that while both Octa and Axi support beginner traders with extensive resources, Octa edges ahead with its unique offerings like advanced videos and archived webinar access, possibly providing a more comprehensive learning experience for those looking to delve deeper into trading concepts.
| Feature |
Octa
|
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 Octa is better than Axi. Octa finished with an overall rank of #47, while Axi finished with an overall rank of #49.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
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Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 82 |
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Both Octa and Axi do not offer the ability to purchase actual (delivered) cryptocurrency but provide options for trading cryptocurrency derivatives.
When comparing online brokers Octa and Axi, both do not support ACH or SEPA transfers or PayPal for fund transactions, yet they both offer Skrill, Visa, Mastercard, and bank wires as viable options for depositing or withdrawing account 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.
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0 of 5| Overall Rating | Octa | Axi | |
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| Trust Score | 72 | 82 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | Axi | |
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| Regulation | Octa | Axi | |
|---|---|---|---|
| Trust Score | 72 | 82 | |
| Year Founded | 2011 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | No | 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) | Octa | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Octa | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 175 | |
| Forex Pairs (Total) | 35 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Octa | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | Axi | |
|---|---|---|---|
| Minimum Deposit | $25 | $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 | Octa | 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 | Octa | 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 | Octa | 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 | Octa | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Octa | 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 | Octa | 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 | Octa Review |
| Overall | Octa | Axi | |
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| Trust Score | 72 | 82 | |
| Winner | check_circle | ||
| Review | Octa Review |
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