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IronFX vs Axi 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between IronFX and Axi? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, IronFX ranks more highly than Axi.

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Compare

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Overall Rating IronFX Axi
Overall Rating star 7.2 /10 star 7.1 /10
Offering of Investments star 6.5 /10 star 6.5 /10
Commissions & Fees star 7.5 /10 star 7.5 /10
Platform & Tools star 6.5 /10 star 6.5 /10
Research star 7.5 /10 star 6.0 /10
Mobile Trading star 6.5 /10 star 7.0 /10
Education star 6.5 /10 star 7.5 /10
Account Type IronFX Axi
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Deposit/Withdrawal Options IronFX Axi
Minimum Deposit info $50 $0
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No No
ACH or SEPA Transfers info No No
Copy Trading IronFX Axi
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No Yes
Cryptocurrency IronFX Axi
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) IronFX Axi
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) IronFX Axi
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments IronFX Axi
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No Yes
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No No
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms IronFX Axi
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
Regulatory Licenses IronFX Axi
Tier-1 Licenses info 3 2
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Research, Education IronFX Axi
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes No
Autochartist info No Yes
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes No
Trading Costs IronFX Axi
Minimum Deposit info $50 $0
Average Spread EUR/USD - Standard info 1.2 N/A info
All-in Cost EUR/USD - Active info N/A N/A info
Active Trader or VIP Discounts info Yes Yes
Trading Tools IronFX Axi
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors IronFX Axi
Year Founded info 2010 2007
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Trust Score info 83 81
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IronFX vs Axi Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between IronFX and Axi? Our independent database powered by our unbiased research will help you compare IronFX vs Axi side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust IronFX?

IronFX has a Trust Score of 83, giving it a "Trusted" Trust Score Label.

Can I trust Axi?

Axi has a Trust Score of 81, giving it a "Trusted" Trust Score Label.

Is IronFX a good broker?

Founded in 2010, IronFX is a trusted forex broker that holds licenses in multiple reputable regulatory jurisdictions, boosting its overall Trust Score. Traders at IronFX gain access to MetaTrader 4 and the broker's proprietary TradeCopier platform for social copy trading. The broker has also done a nice job putting together decent educational materials for beginner forex traders. That said, spreads at IronFX are higher than the industry average.

Is Axi a good broker?

Founded in 2007, the Axi brand (formerly known as AxiTrader) is a trusted forex broker that holds multiple licenses in reputable regulatory jurisdictions such as the U.K. and Australia. Axi is a MetaTrader-only broker that offers MetaTrader 4 as well as social copy trading from ZuluTrade. That said, traders at Axi only gain access to a limited range of tradeable markets.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. both IronFX and Axi are Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised).. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, IronFX is Cyprus (CySEC Authorised), while Axi is UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses IronFX is Bermuda (BMA Authorised), while Axi is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that IronFX offers a Desktop Platform (Windows), whereas Axi supports a Desktop Platform (Windows) and ZuluTrade. Neither have Proprietary Platform, cTrader and DupliTrade

Does IronFX offer MetaTrader? Does Axi offer MetaTrader?

Both IronFX and Axi offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.. Neither have MetaTrader 5 (MT5)

How do IronFX and Axi differ in terms of minimum deposit? What about average spreads and funding options?

IronFX requires a minimum deposit of $50, while Axi requires a minimum deposit of $0. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both IronFX and Axi offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits. Neither have PayPal (Deposit/Withdraw)

Which broker offers more tradeable asset classes, IronFX or Axi?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that IronFX delivers a more diverse selection of investment options than Axi, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD). Neither have Agriculturals and ETF.

We also keep track of each broker’s total number of tradeable symbols; IronFX offers 340, and Axi offers a total of 175 tradeable symbols.

Can I trade cryptocurrency with IronFX or Axi?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither IronFX nor Axi allow you to trade physical cryptocurrencies.

Who offers more research tools, IronFX or Axi?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. IronFX delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Axi, on the other hand, provides the tools listed here: Autochartist, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading

Broker Reviews

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announcementPlease 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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