Written by ForexBrokers.com
In this head to head comparison of Axi vs TopFX, 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 2007, Axi is a well-established online broker that is not publicly traded and does not operate as a bank. It holds 2 Tier-1 licenses and 1 Tier-2 license, showcasing its credibility in the financial market. Axi earns a Trust Score of 82 out of 99 from ForexBrokers.com, categorizing it as a trusted broker, which underscores its reliability and security for trading enthusiasts.
On the other hand, TopFX was founded in 2010 and, like Axi, is neither publicly traded nor a bank. This broker holds 1 Tier-1 license and lacks any Tier-2 licenses. With a Trust Score of 67 out of 99, TopFX is considered a high-risk broker according to ForexBrokers.com. Potential clients may want to consider this higher risk factor when choosing a broker for their trading activities.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Year Founded | 2007 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Axi vs. TopFX on commissions and fees: both brokers earn 4 out of 5 stars from ForexBrokers.com. In the Commissions and Fees category, Axi ranks #44 of 63 brokers, while TopFX ranks #41 of 63.
Axi’s pricing picture is less clear because average spread data isn’t available. That makes it harder to estimate typical trading costs or compare them directly. If you’re considering Axi, you’ll want to check live quotes and any costs shown in the platform before you trade.
TopFX discloses more detail. It offers two account types on MetaTrader and cTrader: the ZERO account (spread-only, no commission) and the RAW account (commission-based). The RAW account charges 2.75 EUR per side (5.50 EUR per round turn) per standard lot. In July 2024, the RAW account showed average EUR/USD spreads of 0.33 pips; adding the commission equivalent of 0.55 pips per round turn brings the all-in cost to about 0.88 pips, which aligns with the industry average. The ZERO account is commission-free but had higher average EUR/USD spreads of 1.03 pips in July 2024. The minimum deposit varies by payment method.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Axi and TopFX both let you trade forex either as contracts for difference (CFDs) or as spot contracts. TopFX lists a wider overall selection with 655 tradeable symbols, while Axi offers 175. When it comes to currency pairs, Axi edges out TopFX with 65 forex pairs compared to 60. Neither broker offers exchange-traded shares on U.S. or international stock exchanges, so you can’t buy actual stocks like Apple or Vodafone through either platform.
Both brokers support copy trading and offer cryptocurrency derivatives, but neither lets you buy actual crypto. For Range of Investments, Axi and TopFX each earn 3.5 out of 5 stars, though ForexBrokers.com ranks TopFX higher (#47 of 63) than Axi (#57 of 63). In short, choose TopFX if you want more total instruments, or Axi if you prefer a few more forex pairs; neither is suited for buying real stocks or delivered crypto.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 655 |
| Forex Pairs (Total) | 65 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Axi and TopFX both provide free demo accounts and stick with third-party platforms rather than building their own. Each supports MetaTrader 4 (MT4) on Windows desktop and via a web-based platform, while MetaTrader 5 (MT5) is not available. Both let you place orders straight from charts, include 15 drawing tools, and offer seven watchlist columns. Copy trading is available at both brokers; however, Axi adds ZuluTrade integration while neither offers DupliTrade, and TopFX does not support ZuluTrade.
In ForexBrokers.com’s Trading Platforms and Tools ratings, Axi earns 3.5 stars and ranks 64th, whereas TopFX scores 4 stars and ranks 46th. In short, both deliver a similar MT4-centered setup with web and desktop access and handy chart features; choose Axi if ZuluTrade matters to you, or TopFX if you prefer a slightly higher-rated platform lineup.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| 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.
Axi and TopFX both offer mobile trading apps for iPhone and Android, with price alerts, real-time watchlists, and charting that includes 30 technical studies, trendline drawing, and multiple time frames. One key difference: TopFX auto-saves your chart drawings, while Axi does not. Neither app syncs watchlists with the web platform, so changes you make on mobile won’t carry over automatically.
In overall app quality, TopFX has a slight edge: it’s rated 4 out of 5 stars and ranked #52 of 63 brokers by ForexBrokers.com, compared with Axi’s 3.5 stars and #60 ranking. If you want autosaved charts and a higher-rated experience, TopFX is the better pick. If you just need dependable charts, alerts, and watchlists on iPhone or Android, both Axi and TopFX will get the job done.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| 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 | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Axi and TopFX take a similar approach to market research. Neither provides daily market commentary, but both offer forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Each platform includes Autochartist for pattern spotting and a sentiment tool that shows the ratio of long vs. short positions. An economic calendar is available on both. One key difference: TopFX adds Trading Central research, while Axi does not. Availability of TipRanks and Acuity Trading tools is not specified.
In testing, both brokers earned 3 out of 5 stars for Research. Axi ranked #56 out of 63 brokers at ForexBrokers.com, while TopFX ranked #61. If you want Trading Central, TopFX has the extra feature; if you prefer similar news and tools with a slightly better research ranking, Axi has the edge.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing Axi vs TopFX on education, Axi is the stronger pick. Axi provides at least 10 forex/CFD learning pieces (articles, videos, and more) and hosts monthly client webinars. It also offers 10+ beginner-focused trading videos and an investor dictionary with 50+ terms. Neither broker keeps a searchable archive of past webinars, and neither delivers 10 or more advanced trading videos. TopFX does not meet the minimum of 10 forex/CFD education pieces, does not run monthly educational webinars, and lacks a large beginner video library or an investor dictionary.
Both brokers earn 3 out of 5 stars for Education from ForexBrokers.com, yet their standings differ: Axi ranks 27th out of 63 brokers, while TopFX ranks 62nd out of 63. If you want a broker with more beginner-friendly learning tools—videos, webinars, and a handy glossary—Axi has the clear edge over TopFX for forex and CFD education.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Axi is better than TopFX. Axi finished with an overall rank of #49, while TopFX finished with an overall rank of #62.
Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available and a limited range of investment products, Axi lags behind the best multi-asset brokers.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 67 |
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Both Axi and TopFX do not provide the option to purchase actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
In comparing Axi and TopFX, both brokers do not support ACH or SEPA transfers, while only TopFX offers PayPal for fund deposits and withdrawals; however, both provide options for Skrill, Visa or Mastercard, and bank wire transactions.
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 | Axi | TopFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | Axi | TopFX | |
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| Regulation | Axi | TopFX | |
|---|---|---|---|
| Trust Score | 82 | 67 | |
| Year Founded | 2007 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Axi | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Axi | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Axi | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 655 | |
| Forex Pairs (Total) | 65 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Axi | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Axi | TopFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Axi | TopFX | |
|---|---|---|---|
| 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 | Axi | TopFX | |
|---|---|---|---|
| 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 | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Axi | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Axi | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Axi | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Axi | TopFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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