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 it comes to comparing commissions and fees, Saxo emerges as a top contender with a remarkable overall pricing structure ideal for active and high-volume traders. Its outstanding rating of 5 stars and a prestigious 9th place ranking by ForexBrokers.com for its commissions and fees underscore its commitment to cost-effectiveness. Saxo provides varying account levels—Classic, Platinum, and VIP—with the Platinum and VIP accounts offering more competitive spread rates and closer alignment to industry standards. Noteworthy is Saxo's decision to eliminate custody fees for traders involved in securities lending and to adopt a commission-free approach for forex trading, albeit with a nominal ticket fee for lower trade volumes. Saxo’s entry-level Classic account is accessible with a $0 deposit, while its Platinum and VIP accounts cater to seasoned investors with higher deposit and trading volume prerequisites.
Axi, in contrast, holds a 4-star rating and a 44th position out of 63 brokers for its commission and fees offering. Although average spread data isn't available, Axi provides a reliable option for traders, yet it doesn't quite match the cost-efficiency and adaptability of Saxo's tiered accounts. Saxo's nuanced structure permits investors to tailor services according to their trading needs and volumes, presenting a compelling case for those seeking both flexibility and favorable pricing. Ultimately, in terms of commissions and fees, Saxo appears to present an edge, particularly for traders aspiring to leverage account-specific benefits that are constructed to reward volume and encourage investment growth.
| 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.
Saxo and Axi both let you trade forex via CFDs or spot, and each supports copy trading. The difference shows in scale: Saxo lists about 70,000 tradeable symbols and 190 forex pairs, while Axi offers roughly 175 symbols and 65 pairs. Both brokers let you trade cryptocurrency derivatives but do not support buying actual (delivered) crypto.
For exchange-traded securities, Saxo allows direct share dealing on U.S. markets (e.g., Apple—NASDAQ: AAPL) and international exchanges (e.g., Vodafone—London Stock Exchange), whereas Axi does not offer exchange-traded stocks. Reflecting this wider range of investments, Saxo is rated 5/5 stars and ranked #3 out of 63 brokers by ForexBrokers.com for Range of Investments; Axi is rated 3.5/5 stars and ranked #57. If you want expansive market access including real shares, Saxo stands out; if you need a leaner lineup centered on forex and CFDs, Axi covers the essentials.
| 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.
Saxo and Axi both offer free demo (paper) accounts, Windows desktop downloads, web platforms, and the ability to trade directly from charts. Saxo provides its own proprietary platform, while Axi relies on third‑party software and supports MetaTrader 4 (MT4); neither broker offers MetaTrader 5 (MT5). Copy trading is available at both brokers, with Axi also integrating ZuluTrade (neither supports DupliTrade).
When it comes to tools, Saxo lists 20 drawing tools versus Axi’s 15; technical indicator counts weren’t specified for either. Saxo’s watchlists are highly customizable with 60 columns compared with Axi’s 7. According to ForexBrokers.com, Saxo earns 5/5 stars and ranks #1 out of 63 brokers for Trading Platforms and Tools, while Axi scores 3.5/5 stars and ranks #64. In short, Saxo suits traders who want a broker-built platform with more customization, whereas Axi is a practical pick if you prefer MT4 and want ZuluTrade for copy trading.
| 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.
Both the Saxo mobile app and the Axi mobile app are available for iPhone and Android. Each supports stock and forex price alerts and lets you build real-time watchlists. A key difference is syncing: Saxo syncs watchlist symbols between the mobile app and your online account, so changes carry over automatically, while Axi does not offer watchlist syncing.
Charting tools also set them apart. Both apps let you switch between multiple time frames and draw trendlines, but Saxo offers 64 technical studies compared with Axi’s 30. Saxo also auto-saves your chart drawings; Axi does not. These features align with third-party scores: Saxo’s mobile app is rated 5 stars and ranks #2 out of 63 brokers at ForexBrokers.com, while Axi’s app is rated 3.5 stars and ranks #60. If you want deeper mobile analysis, Saxo is the stronger pick; for simpler needs, Axi can still get the job done.
| 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.
Saxo leads in market research with daily market commentary, while Axi does not publish daily updates. Both brokers deliver forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and both include Autochartist for trade ideas. Neither offers Trading Central. Each provides a sentiment tool that shows long/short positioning and an economic calendar. Saxo does not feature TipRanks or Acuity Trading; Axi’s use of TipRanks or Acuity Trading isn’t specified here.
According to ForexBrokers.com, Saxo earns 5 stars and ranks #1 out of 63 brokers for Research, while Axi scores 3 stars and ranks #56. If you want daily commentary and higher-rated research, Saxo is the stronger pick. If you just need core tools like news, Autochartist, sentiment, and an economic calendar, Axi can cover the basics.
| 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 | |
| Signal Centre (Acuity Trading) | 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 |
| Broker Screenshots | Saxo | Axi | |
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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 | ||
| 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) | |||
| 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) |
| 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 | ||
| 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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