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 account | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Axi vs TopFX: For overall variety, TopFX lists more to trade with about 655 tradeable symbols, while Axi offers around 175. If you care most about currency pairs, Axi has a slight edge with 65 forex pairs versus 60 at TopFX. Both brokers let you trade forex either as CFDs or via spot contracts.
Neither broker allows you to buy actual exchange-traded shares on U.S. or international stock exchanges, and neither supports buying real cryptocurrency. However, both provide copy trading and let you trade cryptocurrency via CFDs. For Range of Investments, both earn 3.5 out of 5 stars. In category rankings from ForexBrokers.com, Axi places 57th out of 63, while TopFX ranks 47th—suggesting TopFX suits those who want a wider list of symbols, and Axi fits traders focused on forex pairs.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 655 |
| Forex Pairs (Total) | 65 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 line up closely for trading platforms and tools. Both offer free demo (paper) accounts, support Windows desktop downloads and web-based platforms, and do not provide an in-house proprietary platform. Each broker offers MetaTrader 4 (MT4) but not MT5, includes copy trading, and lets you place trades directly from charts. Details on the number of built-in indicators and watchlist column options aren’t specified for either broker.
Where they differ is in third-party evaluations. For Trading Platforms and Tools, Axi is rated 3.5 stars, while TopFX earns 4 stars. ForexBrokers.com ranks Axi 64th and TopFX 46th in this category. If you want MT4 access, copy trading, and a demo account, both fit the bill; if platform ratings matter more to you, TopFX has a slight edge based on these scores.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Axi vs. TopFX for mobile trading: both brokers offer iPhone and Android apps with forex and stock price alerts. Neither app syncs watchlists between mobile and web. For charting, each provides 30 technical studies and lets you draw trendlines. The main difference is chart autosave—TopFX auto-saves your drawings, while Axi does not.
In independent ratings, Axi’s mobile app scores 3.5 out of 5 stars and ranks #60 of 63 brokers on ForexBrokers.com, while TopFX earns 4 out of 5 stars and ranks #52 of 63. If autosaving chart notes and a slightly higher rating matter to you, TopFX has a small edge; Axi still covers the essentials for on-the-go trading.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | 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 (Articles) | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Axi stands out for beginner forex and CFD education. It runs client webinars at least once a month and offers 10+ beginner-friendly videos that explain core trading ideas in plain language. While it doesn’t provide 10+ advanced videos, Axi still earns 3 out of 5 stars for Education and ranks #27 out of 63 brokers on ForexBrokers.com. If you’re new and prefer learning through videos and live sessions, Axi is the more supportive starting point.
TopFX trails Axi for beginner learning. It does not host monthly educational webinars and does not offer 10+ beginner videos, and it also lacks a large set of advanced videos. TopFX receives the same 3 out of 5 stars for Education, yet it ranks much lower at #62 out of 63. For beginners comparing Axi vs TopFX, Axi is the better choice for accessible videos and ongoing webinars, while TopFX has fewer materials for getting started.
| Feature |
Axi
|
TopFX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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
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TopFX
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|---|---|---|
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| Trust Score | 82 | 67 |
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Axi vs TopFX: neither broker offers the ability to buy actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.
Axi vs TopFX: both online brokers do not offer ACH or SEPA for deposits or withdrawals, while the availability of PayPal, Skrill, Visa/Mastercard, and bank wire funding methods is not specified.
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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| Broker Gallery (click to expand) |
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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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Axi | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | Axi | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes |
| Trading Tools | Axi | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Axi | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | |||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Axi | TopFX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Axi | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TopFX Review |
| Overall | Axi | TopFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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