Written by ForexBrokers.com
In this head to head comparison of Saxo 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.
When comparing online brokers Saxo and Axi, several factors stand out, especially concerning their regulatory credentials. Saxo, established in 1992, is also a bank and holds an impressive seven Tier-1 licenses, which are rated as highly trusted by ForexBrokers.com. This contributes to its top-tier trust score of 99 out of 99, making it a very secure choice for traders. Axi, founded in 2007, is not a bank but still maintains a commendable level of trust with two Tier-1 licenses. Its Trust Score of 82 indicates a strong level of reliability, though slightly less than Saxo.
Neither Saxo nor Axi is publicly traded, which means they are not listed on a stock exchange. Both brokers hold an additional Tier-2 license, which signifies a trusted status. While Saxo's long-standing presence and banking credentials offer a high level of reassurance, Axi also presents itself as a reliable option, especially for those who prioritize regulated trading environments. In summary, both brokers have built credible reputations, with Saxo having a slightly higher trust rating and a stronger global regulatory presence compared to Axi.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Year Founded | 1992 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Saxo and Axi for commissions and fees, Saxo emerges as the stronger option with a five-star rating, ranking ninth out of 63 brokers according to ForexBrokers.com. Saxo shines with its all-around excellent pricing, making it particularly appealing for high-volume and active traders. The broker offers three account types—Classic, Platinum, and VIP—with corresponding average spreads for EUR/USD at 1.1, 1.0, and 0.9 pips as of November 2023. Saxo offers competitive advantages like waived custody fees for those participating in securities lending and commission-free forex trading, although traders dealing with less than 50,000 units per month incur a ticket fee of $3. Saxo's minimum account deposits vary, with zero for Classic, $200,000 for Platinum, and $1,000,000 for VIP, making tier upgrades a possibility via Saxo's loyalty rewards.
On the other side, Axi receives a four-star rating in the same category and ranks 43rd. One of the downsides here is the lack of available average spread data, which might make it challenging for traders to fully assess its competitiveness against other platforms, like Saxo. Without specific spread information, understanding Axi’s commission and fee structure requires deeper investigation by potential users. While Axi remains a solid choice, the detailed breakdown and cost transparency offered by Saxo give it a distinct edge in appealing to traders looking for low commissions and fees.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and Axi, the range of investments each broker offers differs significantly. Saxo provides access to an extensive selection of 70,000 tradeable symbols, including 190 forex pairs. Clients can also invest directly in exchange-traded securities on both U.S. and international exchanges, allowing them to buy shares like Apple and Vodafone. Saxo also supports forex and cryptocurrency trading, offering both as CFDs or in derivative forms. Meanwhile, Axi offers a more limited selection of 175 tradeable symbols, including 65 forex pairs, and they do not provide direct access to U.S. or international exchange-traded securities. Like Saxo, Axi also offers CFDs and cryptocurrency derivatives.
Both brokers support copy trading, allowing clients to mimic the trades of successful investors. However, neither broker offers the ability to buy actual cryptocurrencies, only derivatives. In terms of range, Saxo has received a commendable 5-star rating, ranking 3rd out of 63 brokers by ForexBrokers.com. Axi, on the other hand, has a 3.5-star rating, placing them in the 56th position. This comparison highlights Saxo's advantage in providing a more comprehensive range of investments to traders.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 175 |
| Forex Pairs (Total) | 190 | 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) | 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 it comes to trading platforms and tools, Saxo and Axi both cater to different needs and preferences. Saxo stands out with its proprietary platform, crafted in-house, alongside offering a wide array of technical features including 20 drawing tools and the impressive ability to trade directly from stock charts. These offerings contribute to its top spot ranking in the Trading Platforms and Tools category by ForexBrokers.com. SAXO also provides a simulated trading option through a free virtual demo account and supports web-based and Windows-based desktop platforms, ensuring flexible trading options for its users. On the other hand, Axi, although lacking a proprietary platform, supports the popular MetaTrader 4 (MT4) platform and offers free demo accounts too. Additionally, Axi integrates with ZuluTrade for social trading, providing users the advantage of following successful traders.
Both Saxo and Axi offer the functionality to trade directly from stock charts and maintain web-based platforms. However, the extent of their features differs significantly, with Saxo offering an extensive list of 60 fields for watch lists, compared to Axi’s 7. This difference in feature depth and customization capabilities is reflected in their ratings, where Saxo earns a perfect 5-star rating for Trading Platforms and Tools, while Axi achieves 3.5 stars. Thus, Saxo might be more suitable for seasoned traders seeking advanced tools and extensive customization, while Axi appeals to those looking for familiar platforms like MT4 and the social trading benefits of ZuluTrade.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When assessing the mobile trading apps offered by Saxo and Axi, both platforms provide convenient access for iPhone and Android users, allowing for trading on the go. They each support stock and forex price alerts and the ability to draw trendlines and view different time frames on charts. However, Saxo stands out with advanced features such as watchlist symbol syncing, which synchronizes watchlists across devices, ensuring seamless transitions between desktop and mobile. Axi does not offer this feature, which may limit flexibility for some users.
Saxo offers a richer charting experience with 64 technical studies, compared to 30 available through Axi. Additionally, Saxo's app auto-saves drawings on charts, providing a more user-friendly experience, whereas Axi's app lacks this function. Both apps allow users to create watchlists with real-time quotes, yet Saxo's comprehensive features and user satisfaction have earned it a 5-star rating and a #2 ranking by ForexBrokers.com. In contrast, Axi has a 3.5-star rating and is ranked #59.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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 comparing Saxo and Axi for market research capabilities, Saxo stands out as the superior choice. Saxo provides daily market commentary, a feature Axi lacks, giving users insightful updates to guide their trading decisions. Both brokers offer forex news from reputable sources like Bloomberg and Reuters and include technical analysis tools from Autochartist, but Saxo is highly favored with a perfect 5-star research rating, compared to Axi's 3-star rating. Additionally, Saxo ranks first among 63 brokers in the research category on ForexBrokers.com, while Axi falls far behind at 55th place.
Both Saxo and Axi offer sentiment-based trading tools that help users assess market positions, and they also provide access to economic calendars for tracking global economic events. Neither broker offers research tools from TipRanks or Acuity Trading nor do they include insights from Trading Central. Despite these similarities, Saxo's leading position in research ratings and rankings underscores their enhanced market research services, making them the better option for traders who value comprehensive and timely market insights.
| Feature |
Saxo
|
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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Saxo and Axi for educational resources aimed at beginners, both brokers offer an array of materials to help newcomers learn the ropes. Saxo provides a broad selection of materials, including over 10 articles, videos, and archived webinars focusing on forex and CFDs. Axi matches this commitment by also offering a wide variety of educational pieces. Both Saxo and Axi conduct online webinars for clients monthly, but Saxo stands out by hosting a searchable archive of these recordings, which Axi does not offer. In terms of beginner-focused videos, both brokers deliver at least 10 such resources, ensuring newcomers have ample content to enhance their trading knowledge. However, for those seeking material geared toward advanced learning, Saxo again takes the lead, offering over 10 advanced educational videos, a resource Axi currently lacks.
Furthermore, both brokers maintain an investor dictionary, providing definitions for at least 50 investing terms, which can significantly aid beginners in understanding complex market language. In terms of overall educational quality, Saxo boasts a 5-star rating, ranking 13th out of 63 brokers on ForexBrokers.com. Axi, while still a credible source, receives a 3-star rating and ranks 27th in the same category. This comparison highlights Saxo as a more comprehensive option for educational support, particularly for beginners seeking a range of both foundational and advanced learning resources.
| Feature |
Saxo
|
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 Saxo is better than Axi. Saxo finished with an overall rank of #3, while Axi finished with an overall rank of #49.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 82 |
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Both Saxo and Axi lack the option to purchase actual (delivered) cryptocurrency, but they each provide the ability to trade cryptocurrency derivatives.
While both Saxo and Axi provide Visa, Mastercard, and bank wire options for depositing or withdrawing funds, only Axi additionally supports Skrill, whereas neither broker offers ACH, SEPA, or PayPal as transaction methods.
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 | Saxo | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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| Regulation | Saxo | Axi | |
|---|---|---|---|
| Trust Score | 99 | 82 | |
| Year Founded | 1992 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Saxo | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 175 | |
| Forex Pairs (Total) | 190 | 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) | 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 | Saxo | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Saxo | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 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 | Saxo | 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 | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | 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 | Saxo | 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 | Saxo Review |
| Overall | Saxo | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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