Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Founded in 1999, Spreadex is a private online broker that operates without being publicly traded or functioning as a bank. With a Tier-1 license, deemed highly trusted by ForexBrokers.com, Spreadex holds a Trust Score of 71, positioning it within the average risk category. Despite its longer presence in the market, Spreadex falls short in comparison with brokers holding multiple high-trust licenses.
Meanwhile, Axi, established in 2007, also remains privately held and is not a bank. Axi boasts two Tier-1 licenses and an additional Tier-2 license, offering more layers of trust from regulatory bodies. With a Trust Score of 82, Axi is considered a trusted broker by ForexBrokers.com standards, providing a more reassuring option for traders looking for a reliable online trading experience.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of online brokers Spreadex and Axi, both hold a respectable rating of four out of five stars. While Spreadex offers an average spread of 0.81 pips on the EUR/USD currency pair, with this spread narrowing to 0.6 pips around 60% of the time during January 2024, Axi does not provide average spread data. This might be something to consider if transparent cost structures are important to you.
Spreadex ranks higher than Axi in the Commissions and Fees category by ForexBrokers.com, coming in at 27th out of 63 brokers. In contrast, Axi is ranked 43rd in the same category. This difference in ranking might indicate that Spreadex offers a slightly more competitive fee structure compared to Axi, even though both share the same star rating for their commissions and fees.
If you're prioritizing cost-effectiveness in your trading strategy, the rankings and spread data provided by Spreadex could be beneficial. On the other hand, if you're considering factors beyond just spread costs, it may be worthwhile to explore what other features Axi might offer to balance out its lower ranking in this specific area.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.81 | 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) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex and Axi both offer online trading with unique investment options, yet they cater differently to investors' needs. Spreadex provides access to a staggering 10,000 tradeable symbols, a far greater assortment compared to Axi's 175. While both platforms support forex trading as a CFD or spot contract, Axi edges out slightly in forex variety, offering 65 tradeable forex pairs against Spreadex's 52. However, neither broker facilitates direct purchases of exchange-traded securities on U.S. or international exchanges, nor do they offer the option to buy actual cryptocurrency. They do, however, provide the opportunity to trade cryptocurrency derivatives.
Despite not supporting copy trading, Spreadex boasts a top-notch rating of 5 stars for its range of investments, significantly outperforming Axi's 3.5 stars in the same category. It ranks #13 out of 63 brokers according to ForexBrokers.com, while Axi stands at #56. Axi distinguishes itself by allowing copy trading, catering to investors who prefer mimicking successful trading strategies. Although the two brokers offer varied strengths, Spreadex primarily excels due to its vast number of available symbols, making it an attractive choice for traders seeking extensive investment options.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 175 |
| Forex Pairs (Total) | 52 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 online trading platforms and tools, Spreadex and Axi offer distinctive experiences. Spreadex provides a proprietary platform developed in-house for web-based trading but lacks a desktop download option. It offers simulated trading through a virtual demo account but does not support popular platforms like MetaTrader 4 or MetaTrader 5. A standout feature of Spreadex is its ability to initiate trades directly from stock charts, supported by 11 different drawing tools and a customizable watch list with 8 columns. Although Spreadex does not offer copy trading, it has earned a respectable 4-star rating for its trading platforms and tools.
Axi, on the other hand, caters to traders who prefer a familiar experience with its support for MetaTrader 4 and a Windows-based desktop download platform. Axi also offers a virtual demo account to help users hone their skills at no cost. The platform notably supports copy trading and integrates with ZuluTrade, adding valuable features for traders interested in following the strategies of others. Axi's web-based platform is complemented by 15 chart drawing tools and the capability to trade directly from a chart. Despite offering only 7 columns for watch lists, Axi has secured a rating of 3.5 stars, ranking 63rd out of 63 on ForexBrokers.com for its trading platforms and tools.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and Axi offer mobile trading apps for iPhone and Android users, providing easy access to stock and forex markets. Users of both platforms can enjoy price alerts and create watchlists with real-time quotes. However, neither app supports watchlist symbol syncing between the mobile and online account versions, nor do they automatically save chart drawings. Spreadex stands out with a slightly better user rating, scoring 4 stars compared to Axi's 3.5 stars. When it comes to app rankings by ForexBrokers.com, Spreadex holds the 46th spot out of 63 brokers, whereas Axi is ranked at 59th.
For chart enthusiasts, Axi offers a richer experience with 30 technical studies available within its mobile app. Both Spreadex and Axi allow users to draw trendlines and view multiple time frames, such as daily or weekly, on their charts, although Spreadex's technical capabilities in charting aren't specified. While both apps aim to facilitate trading on the go, Spreadex's higher user rating and better rank may appeal to traders looking for more assurance in their mobile trading experience.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research features of online brokers Spreadex and Axi, several key differences and similarities emerge. Spreadex outshines by offering daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. Axi, while also providing forex news from these reputable sources, lacks daily market commentary. Both brokers include technical analysis tools from Autochartist and sentiment-based trading tools, but neither offers research tools from Trading Central or market insights from TipRanks or Acuity Trading. Moreover, they both provide an economic calendar for tracking global news events.
In terms of ratings, Spreadex scores a commendable four out of five stars for research, while Axi earns three stars. According to ForexBrokers.com, Spreadex holds a respectable 31st position out of 63 brokers in the research category, surpassing Axi, which ranks 55th. These distinctions highlight Spreadex as a slightly more robust option for traders seeking comprehensive market insights and commentary.
| Feature |
Spreadex
|
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 it comes to educational resources for beginners, both Spreadex and Axi offer a solid foundation with their forex and CFDs educational materials, each providing over 10 articles, videos, or webinars aimed at helping new traders. Both brokers also have a substantial collection of beginner-focused videos designed to make trading concepts more accessible. Moreover, both offer a comprehensive investor dictionary, featuring over 50 investing terms, to help demystify the jargon often encountered in the trading world.
However, there are notable differences when diving deeper into their offerings. Axi clearly stands out with its commitment to providing continuous learning through monthly educational webinars, an area where Spreadex doesn't currently contribute. Despite having some similarities, Spreadex holds a slight edge in educational rating with a score of 4 stars compared to Axi's 3 stars, although Axi is ranked higher in the education category among brokers by ForexBrokers.com. Both platforms lack advanced educational videos and searchable webinar archives, which could limit the learning journey for more experienced traders.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Spreadex is better than Axi. Spreadex finished with an overall rank of #39, while Axi finished with an overall rank of #49.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 82 |
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Both Spreadex and Axi do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to purchase cryptocurrency derivatives.
While both Spreadex and Axi do not support ACH, SEPA, or PayPal for depositing or withdrawing funds, they each offer Visa, Mastercard, and bank wire options; however, Axi additionally supports Skrill, unlike Spreadex.
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 | Spreadex | Axi | |
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| Trust Score | 71 | 82 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | Axi | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | Axi | |
|---|---|---|---|
| Trust Score | 71 | 82 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Spreadex | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | Spreadex | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 175 | |
| Forex Pairs (Total) | 52 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | Spreadex | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | 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 | Spreadex | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Spreadex | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Spreadex | 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 | Spreadex | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | Axi | |
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| Trust Score | 71 | 82 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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