Axi vs FOREX.com - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: October 12, 2023

Last Updated On October 12, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

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Broker Score
Min. Deposit
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.44/ 5 USD 5FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFinancial Markets Authority of New ZealandDubai Financial Services AuthorityFinancial Services Authority – St. Vincent & the GrenadinesECN/DMACommodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals, WTIs7011
  • Low minimum deposit
  • Tight spreads
  • Innovative trading tools
  • MT4 only
  • Limited range of assets
Read Review 111115/ 5 11110.54.5/ 5 111104/ 5 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 111104/ 5 75.6%500:10 pips MT4 Pro Account, MT4 Standard Account MT4Visa, Mastercard, Bank Transfer, Bitcoin, Neteller, Skrill, GlobePay7 USD / lot - PRO account
11110.54.62/ 5 USD 100FCA Regulated BrokersASIC Regulated Forex BrokersMonetary Authority of SingaporeCySEC Regulated BrokersCayman Islands Monetary AuthorityMarket MakerCommodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals918
  • Well regulated
  • Wide range of assets
  • Excellent education
  • High inactivity fees
  • Limited demo account
Read Review 111115/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 111104/ 5 111104/ 5 68%200:10.70 pips Commission, DMA Account, MT4, MT5, Standard MT4, MT5, FOREX.com Web Trader, TradingViewBank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, PaypalFees Included in Spread

How do FOREX.com and Axi stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.



At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare FOREX.com and Axi, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does FOREX.com or Axi have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that FOREX.com holds three Tier 1 and two Tier 2 licences, and Axi holds four Tier 1 and no Tier 2 licences.


Is Axi financially regulated?

Yes Axi was founded in 2007 and is regulated by ASIC, CySEC, DFSA, FCA, FMA and FSA-St-Vincent.


Is FOREX.com financially regulated?

Yes FOREX.com was founded in 2001 and is regulated by ASIC, CIMA, CySEC, FCA and MAS.


Based on these findings, 0 earned a higher trust rating than 0.

Does FOREX.com or Axi have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that FOREX.com has overall lower trading costs than Axi. 

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Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
11110.54.5/ 5
1.00 pips
USD 10
0.00 pips
0.10 pips
0.10 pips
111115/ 5
0.70 pips
0.70 pips
1.10 pips
1.40 pips


Does FOREX.com or Axi offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, FOREX.com offers support for and Axi offers support for . 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both Axi and FOREX.com offer copy trading.

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Platform Choice
Copy Trading
111104/ 5
11110.54.5/ 5
FOREX.com Web Trader


Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that FOREX.com offers a greater range and depth of instruments to trade than Axi. FOREX.com offers 91 Forex pairs to trade and Axi offers 70 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Axi offers 11 cryptocurrencies while FOREX.com offers 8 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Axi.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that both Axi and FOREX.com charges a withdrawal fee. Overall, 0 has better deposit and withdrawal processes than 0. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

FOREX.com has better educational support than Axi. Both Axi and FOREX.com offer educational support for more experienced traders.

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Beginner Course
Advanced Course
Well Structured Education
Education Quality


Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that 0 offers better research analysis than 0 and that both Axi and FOREX.com offer frequent webinars.

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Economic Calendar
Trading Central
Trading View
Free VPS


Our overall Verdict on FOREX.com

Founded in 2001, Forex.com is a well-regulated broker with low fees and a wide range of trading platforms.

It offers four account types, each with a minimum deposit requirement of 100 USD, two of which have trading costs included in the variable spreads, and two commission-based accounts. Spreads start at 1.0 pip (EUR/USD) on the spread-only accounts, and down to 0 pips (EUR/USD) on the commission-based accounts in exchange for a commission of 10 USD per lot traded.

Forex.com provides support for MT4, MT5, TradingView, and its own Forex.com trading platform and experienced traders will appreciate the range of trading tools on offer, including Trading Central,  SMART Signals, and subsidised VPS hosting.  

Education and market analysis are both excellent and experienced traders will appreciate the wide range of tradable assets, including over 91 currency pairs, 4500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.

Overall, Forex.com ticks all the boxes for those looking for a wide range of assets to trade and a choice of trading platforms.

Our overall Verdict on Axi

An Australian broker with an excellent reputation, Axi is an MT4-only broker with three low-cost trading accounts and some of the best trading tools in the industry. We were also pleased to find that we were able to deposit funds via online banking in South African Rands.

Although Axi limits its platform choice to MT4, it offers traders free use of various powerful technical analysis tools, including Autochartist, MyFxBook, and PsyQuation. These tools help experienced traders and serious beginners make better trading choices. We were also impressed with Axi’s high-quality trading education and frequent market analysis.

Axi is not regulated by the FSCA and it allows South African traders to open accounts with its offshore brokerage, which is registered with the SVG FSA. The SVG FSA is not a regulator and does not supervise trading or protect traders. Traders who choose this option will not have negative balance protection, which means they can lose more than their initial deposit.

Which broker has the highest overall rating?

FOREX.com has an overall rating of 4.62 and Axi has an overall rating of 4.44. For more detail please read our reviews of FOREX.com and Axi.

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