Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
When comparing online brokers XM Group and Axi, their Trust Scores from ForexBrokers.com offer a clear distinction in trustworthiness. XM Group, established in 2009, has a Trust Score of 93 out of 99, placing it in the highly trusted category. On the other hand, Axi, founded in 2007, has a Trust Score of 82, categorizing it as trusted but slightly lower in comparison to XM Group. Both brokers are not publicly traded and do not operate as banks.
In terms of regulatory credentials, XM Group holds an advantage with four Tier-1 licenses, which are highly appreciated by industry experts. Additionally, they possess one Tier-2 license. Axi holds two Tier-1 licenses and also has one Tier-2 license. This gives XM Group a stronger regulatory standing, contributing to their higher Trust Score and signals to users that this might be a more secure option in the online brokerage space.
| Feature |
XM Group
|
Axi
|
|---|---|---|
| Year Founded | 2009 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing XM Group and Axi regarding commissions and fees, both brokers hold similar strengths and weaknesses, albeit with slight differences. XM Group offers a Standard account where the spreads are on the expensive side, and unfortunately, it does not publish average spread data for its commission-based XM Zero account. Axi also does not provide average spread data, making it challenging for traders to gauge their potential costs. Despite these drawbacks, both brokers have earned a favorable four-star rating for their commissions and fees.
When we delve into their rankings out of 63 brokers, XM Group stands at #33 in the Commissions and Fees category, according to ForexBrokers.com. This places it in a better position compared to Axi, which ranks at #43. Ultimately, while both brokers present similar challenges regarding transparency of their spreads and potential trading costs, XM Group edges out marginally in ranking, offering slightly more competitive value in this aspect.
| Feature |
XM Group
|
Axi
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 XM Group and Axi based on their range of investments, XM Group stands out with a notable variety, offering a total of 1,394 tradeable symbols. This is much broader compared to Axi's 175 symbols. For forex enthusiasts, Axi slightly edges out with 65 tradeable forex pairs, while XM Group provides 55 pairs. However, XM Group provides a significant advantage for those interested in exchange-traded securities, allowing clients to purchase shares on both U.S. and international exchanges. Axi does not extend this capability, as it does not offer exchange-traded securities outside of CFDs.
Both brokers support forex trading as CFDs or spot contracts, and cater to crypto enthusiasts with cryptocurrency derivatives, though neither offers the actual delivery of cryptocurrencies. Additionally, both brokers offer copy trading services. When evaluated on their range of investments, XM Group earns a 4.5-star rating, positioned at number 24 out of 63 brokers rated by ForexBrokers.com. In contrast, Axi, with a 3.5-star rating, ranks much lower at number 56, reflecting a more limited selection for those seeking diverse investment options.
| Feature |
XM Group
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 175 |
| Forex Pairs (Total) | 55 | 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) | 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 trading platforms and tools, both XM Group and Axi offer several features valuable to traders. Both brokers provide simulated trading through free virtual demo accounts, allowing users to practice without financial risk. While neither broker offers a proprietary platform, they both provide options for Windows-based desktop downloads and web-based platforms. Importantly, both XM Group and Axi offer the popular MetaTrader 4 (MT4). However, XM Group extends its offerings with MetaTrader 5 (MT5), which Axi does not. Moreover, Axi offers ZuluTrade for social trading, which is absent in XM Group’s offerings, though both provide copy trading functionalities.
Charting tools are similarly accessible at both brokers, with each offering 15 drawing tools and the ability to trade directly from a stock chart. Both brokers support up to seven watch list columns for monitoring market activity. Despite these similarities, XM Group is rated slightly higher with 4 stars for its trading platforms and tools, compared to Axi's 3.5 stars. Additionally, XM Group is ranked at 32 out of 63 brokers in this category by ForexBrokers.com, while Axi holds the 63rd position, illustrating a difference in the perceived effectiveness and variety of their trading resources.
| Feature |
XM Group
|
Axi
|
|---|---|---|
| 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) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| 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 the mobile trading apps of XM Group and Axi, both brokers offer iPhone and Android apps that are loaded with essential features for on-the-go trading. Both platforms allow you to keep track of stock or forex prices through alerts and provide the option to draw trendlines and view multiple time frames—whether daily, weekly, or intraday. They each offer a comprehensive set of 30 technical studies for charting. However, when it comes to syncing watchlists between mobile and online accounts, XM Group has the edge over Axi. With XM Group, any changes made to your watchlist on either the mobile app or your online account synchronize seamlessly.
Both brokers enable you to create watchlists with real-time quotes, but neither app auto-saves chart drawings. When it comes to user ratings and industry rankings, XM Group scores 4 out of 5 stars and holds the #30 spot out of 63 brokers in the Mobile Trading Apps category according to ForexBrokers.com. Axi, on the other hand, has a slightly lower rating of 3.5 stars and is ranked at #59. If syncing capabilities and user ratings matter in your choice of a mobile trading app, XM Group appears to offer a slightly more refined experience compared to Axi.
| Feature |
XM Group
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering market research offerings, XM Group stands out by providing a comprehensive suite of tools and resources. They deliver daily market commentary and access to forex news from esteemed sources like Bloomberg and Reuters, equipping traders with up-to-date insights. Moreover, XM Group boasts advanced tools from Trading Central and includes a sentiment-based trading tool, helping traders make informed decisions. An economic calendar further enhances their research offerings. It's no surprise that XM Group scores 5 stars for research and is ranked 8th among 63 brokers by ForexBrokers.com.
In contrast, Axi offers a more limited range of market research services, though they do provide access to top-tier forex news and a sentiment-based trading tool. One of their highlighted features is the inclusion of Autochartist, a powerful tool for technical analysis, yet they lack tools from Trading Central that XM Group offers. They also provide an economic calendar to keep traders informed. However, Axi is rated 3 stars for research and is ranked 55th, emphasizing that while they have some strong points, their market research tools are less comprehensive compared to XM Group.
| Feature |
XM Group
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing XM Group and Axi for their educational offerings to beginner traders, both brokers provide a wealth of resources but with notable differences. Both XM Group and Axi offer a variety of at least ten educational materials, including articles, videos, and webinars focused on forex or CFDs. They also host regular online webinars for clients, ensuring at least one session each month. However, XM Group goes a step further by providing a searchable archive of past webinars, a feature Axi does not offer. This makes it easier for new traders to catch up on missed sessions at their convenience.
For beginners, both XM Group and Axi deliver an ample selection of educational videos designed to cover fundamental trading topics. However, XM Group shines in catering to advanced traders with numerous videos geared toward more experienced audiences—a service Axi does not match. Additionally, while Axi provides an investor dictionary covering over 50 investment terms to broaden one's trading vocabulary, XM Group does not have this feature. Overall, XM Group's comprehensive educational suite results in a higher rating of 5 stars and a strong #7 rank in the education category out of 63 brokers, compared to Axi's 3-star rating and rank at #27.
| Feature |
XM Group
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than Axi. XM Group finished with an overall rank of #17, while Axi finished with an overall rank of #49.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 82 |
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Both XM Group and Axi do not offer the ability to buy actual delivered cryptocurrency but do provide the option to invest in cryptocurrency derivatives.
Both XM Group and Axi do not support ACH or SEPA transfers or PayPal for deposits or withdrawals, but they both offer Skrill, Visa or Mastercard, and bank wires as available options for funding accounts.
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 | XM Group | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | Axi | |
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| Regulation | XM Group | Axi | |
|---|---|---|---|
| Trust Score | 93 | 82 | |
| Year Founded | 2009 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | XM Group | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | XM Group | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 175 | |
| Forex Pairs (Total) | 55 | 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) | 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 | XM Group | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | Axi | |
|---|---|---|---|
| Minimum Deposit | $5 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | XM Group | Axi | |
|---|---|---|---|
| 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) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | XM Group | Axi | |
|---|---|---|---|
| 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 | XM Group | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | No | |
| Mobile Economic Calendar | Yes | No |
| Research | XM Group | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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) | No | Yes |
| Major Forex Pairs | XM Group | 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 | XM Group Review |
| Overall | XM Group | Axi | |
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| Trust Score | 93 | 82 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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