Written by ForexBrokers.com
In this head to head comparison of Axi vs Xtrade, 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.
Established in 2007, Axi is a well-regarded online broker with a Trust Score of 82, identifying it as a trusted platform in the financial market. Axi holds two top-tier licenses and one additional trusted Tier-2 license, underscoring its commitment to maintaining security and compliance. Although Axi is not publicly traded or a bank, its regulatory standing and long-standing presence contribute to its reputation as a reliable broker.
Founded in 2003, Xtrade presents itself as an online broker with a Trust Score of 74, which indicates an average risk accorded by ForexBrokers.com. Xtrade holds one high-trust Tier-1 license and one trusted Tier-2 license, positioning it as a more moderate choice when comparing risk levels. Like Axi, Xtrade is neither publicly traded nor a banking institution, but its single top-tier license provides a layer of regulatory oversight.
| Feature |
Axi
|
Xtrade
|
|---|---|---|
| Year Founded | 2007 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When evaluating online brokers Axi and Xtrade based on their commissions and fees, Axi stands out with a better rating and ranking. Axi boasts a commendable 4-star rating for its commissions and fees. It is ranked 44th out of 62 brokers by ForexBrokers.com in this category, indicating a competitive pricing structure among its peers.
In contrast, Xtrade has room for improvement in its pricing structure. It holds a lower 2.5-star rating for commissions and fees, which suggests potential higher costs compared to other brokers. Xtrade's position at 62nd out of 62 brokers for this category by ForexBrokers.com further highlights the need for more competitive pricing. This comparison underscores Axi as a preferable choice for those prioritizing cost efficiency.
| Feature |
Axi
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| 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 | No |
| 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.
Axi and Xtrade both offer forex trading as CFDs, with Axi providing access to 65 forex pairs compared to Xtrade's offering of 56. However, when it comes to the total number of tradeable symbols, Xtrade stands out with 482 options, while Axi offers 175. Unfortunately, neither broker allows trading in exchange-traded securities on U.S. or international exchanges, meaning clients cannot purchase company shares like Apple or Vodafone directly. Also, neither platform provides the ability to buy actual cryptocurrencies; instead, both offer cryptocurrency derivatives for investors interested in crypto markets.
When it comes to additional features, Axi distinguishes itself from Xtrade by offering copy trading, which can be an attractive option for beginners looking to mimic the trades of more experienced investors. Both brokers are evenly matched in terms of range of investments, each receiving a rating of 3.5 stars. However, in the broader scope of options reviewed by ForexBrokers.com, Xtrade is ranked higher at #49 compared to Axi at #56 out of 62 brokers evaluated for their range of investment offerings.
| Feature |
Axi
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 482 |
| Forex Pairs (Total) | 65 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Xtrade both provide traders with avenues for simulated trading through free virtual demo accounts, helping new users practice without financial risk. Axi utilizes renowned platforms like MetaTrader 4 and extends the benefit of Windows-based desktop downloads, alongside web-based trading, offering flexibility for different trading needs. Where Axi shines is its incorporation of copy trading and compatibility with ZuluTrade, providing diverse strategies for users aiming to follow successful trading patterns. In contrast, Xtrade boasts a proprietary platform accessible through web browsers, simplifying access with its user-friendly interface.
Even though both Axi and Xtrade have received a 3.5-star rating for their trading platforms and tools, there are key differences in features. Axi supports trading directly from stock charts and offers 7 fields for watch lists, while Xtrade allows trading from charts but enhances chart analysis with 100 drawing tools compared to Axi's 15. Xtrade further distinguishes itself with 9 watch list fields, accommodating more advanced monitoring of various investment instruments. Despite subtle disparities in their offerings, both brokers still landed lower on the ForexBrokers.com ranking list, with Axi at #62 and Xtrade at #58, indicating room for improvement in comparison to their peers.
| Feature |
Axi
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Axi and Xtrade, both brokers offer accessibility for iPhone and Android users. While both provide fundamental features, Axi stands out for its advanced functionalities such as forex price alerts and the ability to draw trendlines on charts. With Axi, traders can explore up to 30 technical studies to enhance their charting experience and access various time frames, from daily to intraday charts. However, it misses some features like watchlist symbol syncing and auto-saving chart drawings. On the other hand, Xtrade's offering is more straightforward, lacking advanced trading capabilities like trendline drawing or multiple time frame views.
In terms of real-time functionality, Axi allows users to create watchlists with live quotes, a feature Xtrade does not provide. Despite these differences in features, Xtrade has a slightly better overall rating for mobile trading apps, receiving four out of five stars compared to Axi's 3.5-star rating. However, when ranked among 62 brokers, both brokers fall short; Axi ranks at #59, while Xtrade fares slightly better at #53. These ratings suggest that while Xtrade may offer a more user-favored interface, Axi's additional features cater to traders seeking more technical analysis tools on the go.
| Feature |
Axi
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings between Axi and Xtrade, there are some distinct differences and similarities to consider. Both brokers supply forex news from leading providers like Bloomberg and Reuters, and maintain economic calendars that display crucial global news events. However, Xtrade sets itself apart by offering daily market commentary, which Axi does not provide. Axi, on the other hand, supports traders with tools from Autochartist and offers sentiment-based trading insights, features that Xtrade does not match.
Neither Axi nor Xtrade utilizes research tools from companies like Trading Central, TipRanks, or Acuity Trading. Despite providing valuable research features, Axi and Xtrade have respective research ratings of 3 and 3.5 stars, with rankings of 55th and 52nd out of 62 brokers on ForexBrokers.com. This demonstrates that while both brokers have strengths in their research offerings, Xtrade holds a slight edge according to reviews.
| Feature |
Axi
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners from Axi and Xtrade, both brokers offer a comprehensive selection of educational materials on forex and CFDs. Axi provides a wealth of knowledge with its collection of articles, videos, and webinars, including regular monthly webinars aimed at enhancing trading skills. Additionally, Axi stands out by offering over ten beginner-focused educational videos, which can significantly help new traders get up to speed. Both platforms provide an investor dictionary with more than 50 investing terms, making them valuable resources for learning the basics.
Although Xtrade matches Axi's commitment to educational content by having at least 10 forex and CFD-focused resources, it lacks the monthly webinars that Axi offers. This could be an essential consideration for those who prefer interactive learning and regular updates. Moreover, Xtrade does not offer the same level of beginner video content as Axi, which could be a disadvantage for novice traders. Despite Axi's features, it ranks slightly behind Xtrade in user ratings with three stars for education compared to Xtrade's 3.5 stars. However, Axi is ranked higher by ForexBrokers.com, placing at #27 out of 62 brokers, while Xtrade is ranked at #46, indicating Axi may provide a more comprehensive educational experience overall.
| Feature |
Axi
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Axi is better than Xtrade. Axi finished with an overall rank of #49, while Xtrade finished with an overall rank of #59.
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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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 74 |
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While both Axi and Xtrade do not provide the option to purchase actual (delivered) cryptocurrency, they each offer the capability to trade in cryptocurrency derivatives, allowing users to engage in the market without owning the actual digital assets.
Both Axi and Xtrade do not support ACH or SEPA transfers or PayPal for depositing or withdrawing funds, but they do offer Skrill, Visa, Mastercard, and bank wire options for account 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 | Xtrade | |
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| Trust Score | 82 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | Axi | Xtrade | |
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| Regulation | Axi | Xtrade | |
|---|---|---|---|
| Trust Score | 82 | 74 | |
| Year Founded | 2007 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Axi | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Axi | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 482 | |
| Forex Pairs (Total) | 65 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| 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 | Axi | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Axi | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Axi | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | Axi | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | Axi | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Axi | Xtrade | |
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| Trust Score | 82 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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