Written by ForexBrokers.com
Is Spreadex better than AxiTrader? In our analysis of 23 international regulators across 39 of the best forex brokers, Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. AxiTrader is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.
| Overall Rating | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 70 | 83 | 99 |
| Winner | check_circle | ||
| Review | IG Review |
| Regulation | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Trust Score | 70 | 83 | 99 |
| Year Founded | 1999 | 2007 | 1974 |
| Publicly Traded (Listed) | No | No | Yes |
| Bank | No | No | Yes |
| Tier-1 Licenses | 1 | 2 | 7 |
| Tier-2 Licenses | 0 | 1 | 2 |
| Tier-3 Licenses | 0 | 0 | 1 |
| Authorised in European Union | No | No | Yes |
| About Regulation | A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score. | A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score. | A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score. |
| Tier-1 Licenses (High Trust) | Spreadex | AxiTrader | IG |
|---|---|---|---|
| ASIC Authorised (Australia) | No | Yes | Yes |
| IIROC Authorised (Canada) | No | No | No |
| SFC Authorised (Hong Kong) | No | No | No |
| CBI Authorised (Ireland) | No | No | No |
| FSA Authorised (Japan) | No | No | Yes |
| MAS Authorised (Singapore) | No | No | Yes |
| FINMA Authorised (Switzerland) | No | No | Yes |
| FCA Authorised (U.K.) | Yes | Yes | Yes |
| CFTC Registered (USA) | No | No | Yes |
| FMA Authorised (New Zealand) | No | No | Yes |
| Tier-2 Licenses (Average Trust) | Spreadex | AxiTrader | IG |
|---|---|---|---|
| CBRC Authorised (China) | No | No | No |
| CySEC Authorised (Cyprus) | No | No | No |
| SEBI Authorised (India) | No | No | No |
| ISA Authorised (Israel) | No | No | No |
| CBR Authorised (Russia) | No | No | No |
| FSCA Authorised (South Africa) | No | No | Yes |
| SEC Authorised (Thailand) | No | No | No |
| DFSA / Central Bank Authorised (UAE) | No | Yes | Yes |
| Tier-3 Licenses (Low Trust) | Spreadex | AxiTrader | IG |
|---|---|---|---|
| SCB Authorised (Bahamas) | No | No | No |
| IFSC Authorised (Belize) | No | No | No |
| CIMA Authorised (Cayman Islands) | No | No | No |
| BMA Authorised (Bermuda) | No | No | Yes |
| FSC Authorised (British Virgin Islands) | No | No | No |
| FSC Authorised (Mauritius) | No | No | No |
| VFSC Authorised (Vanuatu) | No | No | No |
| Investments | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | Yes |
| Tradeable Symbols (Total) | 2000 | 175 | 19537 |
| Forex Pairs (Total) | 52 | 65 | 100 |
| U.S. Stock Trading (Non CFD) | No | No | Yes |
| Int'l Stock Trading (Non CFD) | No | No | Yes |
| Social Trading / Copy Trading | No | Yes | Yes |
| Cryptocurrency (Physical) | No | No | No |
| Cryptocurrency (CFD) | Yes | 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). | 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 | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Average Spread EUR/USD - Standard | -1 | N/A | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | -1 | N/A | 0.5957 (September 2022) |
| Active Trader or VIP Discounts | No | Yes | Yes |
| Execution: Agency Broker | No | Yes | Yes |
| Execution: Market Maker | Yes | Yes | Yes |
| Funding | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Minimum Initial Deposit | $0 | 0 | £250.00 |
| PayPal (Deposit/Withdraw) | No | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Trading Platforms | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Proprietary Platform | Yes | No | Yes |
| Desktop Platform (Windows) | No | Yes | Yes |
| Web Platform | Yes | Yes | Yes |
| Social Trading / Copy Trading | No | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes | Yes |
| MetaTrader 5 (MT5) | No | No | No |
| cTrader | No | No | No |
| DupliTrade | No | No | No |
| ZuluTrade | No | Yes | No |
| Trading Tools | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | Yes |
| Alerts - Basic Fields | Yes | Yes | Yes |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 55 | 30 | 33 |
| Charting - Drawing Tools (Total) | 10 | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes | Yes |
| Charts can be saved | Yes | Yes | Yes |
| Mobile Trading | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Android App | Yes | Yes | Yes |
| Apple iOS App | Yes | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes | Yes |
| Mobile Watchlist | Yes | Yes | Yes |
| Watchlist Syncing | No | No | Yes |
| Mobile Charting - Indicators / Studies | N/A | 30 | 33 |
| Mobile Charting - Draw Trendlines | Yes | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No | Yes |
| Forex Calendar | Yes | No | Yes |
| Research | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Daily Market Commentary | Yes | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes | Yes |
| Autochartist | No | Yes | Yes |
| Trading Central (Recognia) | No | No | No |
| Social Sentiment - Currency Pairs | No | Yes | Yes |
| Economic Calendar | Yes | Yes | Yes |
| Education | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes | Yes |
| Client Webinars | No | Yes | Yes |
| Client Webinars (Archived) | No | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes | Yes |
| Videos - Advanced Trading Videos | No | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes | Yes |
| Major Forex Pairs | Spreadex | AxiTrader | IG |
|---|---|---|---|
| GBP/USD | Yes | Yes | Yes |
| USD/JPY | Yes | Yes | Yes |
| EUR/USD | Yes | Yes | Yes |
| USD/CHF | Yes | Yes | Yes |
| USD/CAD | Yes | Yes | Yes |
| NZD/USD | Yes | Yes | Yes |
| AUD/USD | Yes | Yes | Yes |
| Review | IG Review |
| Overall | Spreadex | AxiTrader | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 70 | 83 | 99 |
| Winner | check_circle | ||
| Review | IG Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Spreadex vs AxiTrader.
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. AxiTrader holds 2 global Tier-1 licenses, while Spreadex holds 1. AxiTrader holds 1 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, AxiTrader earned a higher Trust Score than Spreadex.
To compare the trading platforms of both Spreadex and AxiTrader, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.
AxiTrader provides traders 65 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, Spreadex offers traders access to 2000 CFDs while AxiTrader has 175 available CFDs, a difference of 1825.
Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).
AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). AxiTrader is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
SpreadEx is best known for pioneering sports betting, but it also caters to financial trading through its FCA-regulated entity in the U.K. which offers a proprietary trading platform as well as a growing selection of markets. However, SpreadEx can't compete with the best forex brokers in certain key categories, such as education and research.
The Axi brand, formerly known as AxiTrader, is regulated primarily in the U.K., Australia, and the UAE. Axi is a MetaTrader-only broker, with a limited range of available markets.
Overall winner: IG
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.
Plus500
AvaTrade
BlackBull Markets
Tickmill
IG
CMC Markets
FOREX.com
FP Markets
