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 |
When comparing the commissions and fees of online brokers Axi and TopFX, both have a favorable rating, each earning 4 out of 5 stars. Axi's commission and fees structure is well-received by users; however, specific average spread data is not readily available to provide further insight. The broker holds the 43rd position among 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
TopFX impresses with its flexible account offerings through MetaTrader and cTrader platforms. It provides a commission-based RAW account charging 2.75 EUR per side, translating to a total of 5.50 EUR per standard lot round turn. Spreads on this account average around 0.33 pips for EUR/USD in July 2024, leading to an all-inclusive cost that's approximately 0.88 pips, matching industry norms. Alternatively, the ZERO account comes with no commission but higher average spreads, noted at 1.03 pips for July 2024. TopFX is ranked slightly higher than Axi at 40th out of 63 brokers for commissions and fees by ForexBrokers.com.
| 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 offer forex trading as CFDs, a feature standard to online trading platforms. Axi provides 175 tradeable symbols, which includes 65 forex pairs. In contrast, TopFX offers a broader range of investment symbols, with 655 available for trading, encompassing 60 forex pairs. While neither broker offers the ability to invest in exchange-traded securities on U.S. or international exchanges directly, they each support copy trading and offer cryptocurrency derivatives.
Despite their differences in the range of tradeable symbols, both Axi and TopFX hold a similar rating for their range of investments, with each receiving 3.5 out of 5 stars. When considering rankings by ForexBrokers.com, TopFX is positioned slightly ahead at 46th place out of 63 brokers, compared to Axi's 56th place ranking. This suggests that while both brokers provide similar services, TopFX may appeal to those seeking a more extensive selection of trading options.
| 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.
When comparing the trading platforms and tools offered by Axi and TopFX, both brokers provide a range of features designed to accommodate traders of all levels. Both Axi and TopFX offer traders the ability to open a simulated trading account, perfect for honing skills without financial risk. Neither broker has developed their own proprietary platform, but each supports popular trading solutions like MetaTrader 4 (MT4). While both brokers provide desktop and web-based platforms, only Axi supports ZuluTrade, which may appeal to those interested in social trading. Both brokers integrate 15 drawing tools and allow trading directly from stock charts, making technical analysis more accessible and seamless.
Although TopFX and Axi are similar in many aspects, key differences lie in their ratings and rankings for trading platforms and tools. TopFX, with a rating of 4 stars, obtains a higher ranking than Axi's 3.5 stars, according to customer reviews. This is further reflected in their respective standings on ForexBrokers.com, where TopFX ranks 45th out of 63 brokers, compared to Axi's position at 63rd. Both brokers offer similar features such as 7 fields in watch lists but the higher ratings and rankings suggest that users might have a slightly better experience with TopFX’s offering in terms of customer satisfaction and usability within the competitive broker landscape.
| 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.
When comparing mobile trading apps, both Axi and TopFX provide experiences tailored for iPhone and Android users, offering essential features crucial for active traders. With both apps, traders can receive stock or forex price alerts, draw trendlines on charts, and access multiple time frames, such as daily, weekly, or intraday views. Each app includes 30 technical studies for in-depth market analysis and the ability to create watchlists with real-time quotes. However, neither offers the convenience of watchlist symbol syncing across different devices, a feature some traders might miss. Where TopFX takes a slight lead is in its ability to auto-save drawings on charts, a feature not found in Axi's app.
Overall user ratings reflect these differences, with TopFX receiving 4 out of 5 stars for its mobile trading app, while Axi is rated at 3.5 stars. ForexBrokers.com ranks Axi at #59 out of 63 brokers in the Mobile Trading Apps category, compared to TopFX's slightly better position at #51. These rankings may guide users seeking more seamless and efficient mobile trading experiences. Ultimately, while Axi and TopFX offer similar functionalities, TopFX edges ahead with slight enhancements that improve user experience on the go.
| 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.
When comparing Axi and TopFX for market research services, both brokers offer a selection of useful features. They do not provide daily market commentary, but both deliver forex news from trusted sources like Bloomberg, Reuters, and Dow Jones. Both brokers also include tools from Autochartist for technical and fundamental analysis, and they provide sentiment-based trading tools to display the ratio of long or short positions across various instruments. Axi and TopFX both feature economic calendars to keep traders informed about upcoming global news events.
Despite their similarities, there are notable differences between the two brokers in regards to research tools. TopFX distinguishes itself by offering tools from Trading Central, adding an extra layer of technical analysis not available with Axi. However, neither broker provides market research from TipRanks or Acuity Trading. Rated equally with three stars for their research offerings by ForexBrokers.com, Axi is ranked slightly higher at 55th out of 63 brokers, while TopFX stands at 60th. This ranking suggests a slight edge for Axi in terms of research capabilities, although the difference is marginal.
| 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 | 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, Axi significantly outshines TopFX. Axi offers a comprehensive array of over ten articles, videos, and webinars dedicated to educating newcomers about forex and CFDs. Moreover, Axi hosts online educational webinars monthly, allowing beginners to enhance their learning through interactive sessions. Although Axi does not provide a searchable archive of past webinars, it compensates by offering a series of over ten beginner-friendly videos, making it easier for newcomers to understand trading fundamentals. Additionally, Axi supports its educational efforts with an investor dictionary containing definitions for over 50 investing terms, an invaluable tool for those just starting. Despite these offerings, Axi received a moderate rating of three out of five stars for education and ranks 27th out of 63 brokers on ForexBrokers.com.
In contrast, TopFX provides much less in terms of beginner educational resources. It does not meet the minimum requirement of ten educational pieces focused on forex or CFDs, nor does it conduct monthly educational webinars. Like Axi, TopFX lacks a searchable archive of previous webinars and does not produce a substantial number of beginner educational videos. Furthermore, TopFX does not offer an investor dictionary with definitions of investing terms, which could be a setback for beginners seeking to expand their trading vocabulary. Despite these limitations, TopFX shares the same three-star rating as Axi for education, but ranks considerably lower at 61st out of 63 brokers according to ForexBrokers.com.
| 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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 | No | No | |
| 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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