Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote, founded in 1996, stands out in the online trading world thanks to its status as a publicly traded bank and its remarkable Trust Score of 99 from ForexBrokers.com. This rating places it in the highly trusted category. With five Tier-1 licenses, Swissquote emphasizes security and reliability, meeting the highest trust standards. Additionally, it holds two Tier-2 licenses, further showcasing its commitment to a secure trading environment.
On the other hand, Axi, established in 2007, offers a trustworthy trading experience with a Trust Score of 82 out of 99, categorizing it as a trusted broker. While Axi is not publicly listed and does not operate as a bank, it maintains credibility with two Tier-1 licenses and one Tier-2 license. Axi’s regulatory structure provides confidence to its users, although it holds fewer licenses compared to Swissquote.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Year Founded | 1996 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers Swissquote and Axi in terms of commissions and fees, it's evident that while Swissquote offers the allure of a Swiss banking experience, this comes at a higher cost. Swissquote's U.K. accounts are relatively more affordable with a lower minimum deposit, but still, they can't match the competitive rates of Axi. Swissquote provides various account options across its U.K., Luxembourg, and Swiss entities with differing spreads and commissions. The U.K.-based Elite account offers lower spreads with a commission structure, whereas other accounts feature wider spreads with different minimum deposits, such as the Prime account starting at 0.6 pips in the U.K.
Conversely, Axi is known for its simpler fee structure, providing traders with a cost-effective alternative. Though average spread data for Axi is unavailable, it garners a higher rating for affordability, receiving 4 out of 5 stars, compared to Swissquote's 3.5. This suggests that Axi is more budget-friendly, making it a preferred choice for traders focusing on minimizing trading costs.
In terms of rankings, Axi outperforms Swissquote in the Commissions and Fees category according to ForexBrokers.com. Axi is ranked #43 out of 63 brokers, while Swissquote lags behind at #53. This further emphasizes Axi's strength in offering competitive trading costs, making it a strong contender for those prioritizing low fees.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
When comparing Swissquote and Axi, Swissquote stands out with a broader range of investments, catering to both novice and experienced investors. Offering 472 tradeable symbols, Swissquote surpasses Axi's 175 options. Their expansive portfolio includes 80 forex pairs, compared to Axi's 65, allowing for more diverse trading opportunities. Swissquote sets itself apart by enabling clients to invest directly in exchange-traded securities on U.S. and international exchanges, such as Apple and Vodafone shares, a feature Axi does not provide. Additionally, Swissquote supports buying actual cryptocurrencies, alongside cryptocurrency derivatives, while Axi only offers crypto derivatives.
Both Swissquote and Axi offer forex trading as CFDs or spot contracts, along with copy trading services. However, Swissquote's extensive investment options have earned it a 5-star rating for Range of Investments, ranking it second out of 63 brokers, according to ForexBrokers.com. Axi, meanwhile, holds a 3.5-star rating and ranks 56th in the same category, reflecting Swissquote's superior offering for investors seeking a wide variety of trading choices.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 175 |
| Forex Pairs (Total) | 80 | 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.
When comparing Swissquote and Axi, both online brokers offer valuable features for traders, but they cater to slightly different needs and preferences. Swissquote stands out with its proprietary trading platform, offering unique, in-house tools that cater to users wanting a specialized experience. In addition, Swissquote supports both MetaTrader 4 and MetaTrader 5, providing flexibility and options for traders looking to leverage popular and reliable trading software. It also excels in offering 75 drawing tools and 11 columns for watch lists, empowering traders with more customization and detailed analysis capabilities. With a high rating of 4.5 stars for trading platforms and tools by ForexBrokers.com, Swissquote ranks impressively at #12 out of 63 brokers.
On the other hand, Axi provides a robust trading platform experience with both MetaTrader 4 support and available web-based and desktop download platforms for Windows. Although Axi does not offer a proprietary platform or support MetaTrader 5, it provides unique services like ZuluTrade for social trading enthusiasts. With 15 drawing tools and 7 columns for watch lists, Axi offers a straightforward, user-friendly approach for traders who prioritize simplicity. Rated at 3.5 stars for trading platforms and tools, Axi holds the #63 position according to ForexBrokers.com. Both brokers allow traders to test strategies risk-free through free virtual demo accounts, making them accessible choices for traders at all levels.
| Feature |
Swissquote
|
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) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Swissquote and Axi deliver mobile trading apps that are compatible with iPhone and Android devices, providing investors with flexible access to stock and forex markets. Each app supports essential features, including price alerts, drawing trendlines, and viewing multiple time frames on stock or forex charts. Both brokers offer 30 technical studies for chart analysis and allow the creation of watchlists with real-time quotes, yet neither app supports syncing of watchlists between mobile and online accounts, meaning manual adjustments may be needed on both platforms to keep data consistent.
When it comes to unique offerings, Swissquote stands out by auto-saving chart drawings, a feature absent in Axi's app. In terms of user ratings, Swissquote impresses with a 4.5-star rating, ranking 12th out of 63 brokers for mobile trading apps on ForexBrokers.com. By contrast, Axi’s app holds a 3.5-star rating and is positioned 59th, suggesting Swissquote might present a more refined mobile trading experience for users prioritizing user-friendly features and higher rankings.
| Feature |
Swissquote
|
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 comparing Swissquote to Axi in terms of market research offerings, Swissquote stands out for its comprehensive resources. It provides daily market commentary, which Axi does not offer. Both brokers supply forex news from reputable sources such as Bloomberg and Reuters, catering to traders seeking informed decisions. Additionally, both companies incorporate technical analysis tools from Autochartist, ensuring users have access to advanced market insights. However, unlike Axi, Swissquote does not offer a sentiment-based trading tool to gauge market trends. Both brokers provide an economic calendar to keep traders informed of global events, but Swissquote garners a higher research rating with four stars compared to Axi's three stars, ranking it 16th out of 63 brokers in the research category by ForexBrokers.com, while Axi ranks 55th.
Swissquote does not include market research offerings from companies like TipRanks or Acuity Trading, similar to Axi. Both platforms lack tools from Trading Central, and neither provides market research through TipRanks or Acuity Trading's Signal Centre, reflecting a missed opportunity for more in-depth analytical tools. While Axi offers a unique sentiment analysis tool, it falls short in other key areas leading to its lower ranking and rating compared to Swissquote. Consequently, Swissquote's wider array of research tools and higher research rating suggest it may be a better fit for traders who prioritize comprehensive market insights and updates.
| Feature |
Swissquote
|
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 it comes to educational resources for beginners, both Swissquote and Axi provide a variety of learning materials to help new traders get started in forex and CFDs. Swissquote offers an extensive range with over ten educational pieces, including articles, videos, and archived webinars. It also hosts at least one webinar every month, offering plenty of live learning opportunities. A searchable archive of past webinars is available, making it easy for traders to learn at their own pace. Swissquote also stands out by providing over ten advanced educational videos and a comprehensive investor dictionary with more than 50 investing terms, which is a significant advantage for those looking to dive deeper into trading topics.
Axi also caters to beginner traders by providing over ten educational pieces on forex and CFDs, including beginner videos. They ensure ongoing learning opportunities through monthly webinars, yet their archive isn't searchable, which may hinder accessibility for some users. Axi includes a useful investor dictionary with over 50 terms, but it falls short when offering advanced educational videos, which Swissquote provides. Overall, Swissquote is rated 4 stars for education and ranks higher at #21 out of 63 brokers, while Axi holds a 3-star rating and ranks #27, reflecting Swissquote's broader and more accessible educational offerings for traders of all levels.
| Feature |
Swissquote
|
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 Swissquote is better than Axi. Swissquote finished with an overall rank of #11, while Axi finished with an overall rank of #49.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 82 |
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When comparing online brokers Swissquote and Axi, Swissquote stands out by offering the ability to buy both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas Axi provides only the option to trade cryptocurrency derivatives.
In comparing online brokers, Swissquote offers more versatile fund deposit and withdrawal options than Axi, including ACH or SEPA transfers and PayPal, alongside options like Skrill, Visa or Mastercard, and bank wires, while Axi provides Skrill, Visa or Mastercard, and bank wires but lacks ACH or SEPA transfers and PayPal 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 | Swissquote | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | Axi | |
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| Regulation | Swissquote | Axi | |
|---|---|---|---|
| Trust Score | 99 | 82 | |
| Year Founded | 1996 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | 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) | Swissquote | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 175 | |
| Forex Pairs (Total) | 80 | 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 | Swissquote | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Axi | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | 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 | Swissquote | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | 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 | Swissquote | 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 | Swissquote | 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 | Swissquote | 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 | Swissquote Review |
| Overall | Swissquote | Axi | |
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| Trust Score | 99 | 82 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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