Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Founded in 1999, Fineco stands out as a publicly traded bank, which enhances its credibility and trust amongst investors. With a ForexBrokers.com Trust Score of 94, Fineco is considered highly trusted. This reputation is supported by its possession of two Tier-1 licenses, which adds an extra layer of security for clients seeking a reliable online trading experience. Despite lacking Tier-2 licenses, Fineco’s position as a bank and its status as a publicly listed company highlight its stability and transparency.
Established in 2007, Axi is not publicly traded nor is it a bank, yet it maintains a solid reputation with a Trust Score of 82, falling into the trusted category. Axi holds two Tier-1 licenses and one Tier-2 license, indicating a strong regulatory framework that ensures client safety. While it does not have the banking stature of Fineco, Axi’s licenses reflect a commitment to providing a secure trading environment with well-established protective measures.
| Feature |
Fineco
|
Axi
|
|---|---|---|
| Year Founded | 1999 | 2007 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commission and fee structures of online brokers Fineco and Axi, it's important to recognize the differences in their transparency and pricing. Fineco lists a spread of 1 pip for the EUR/USD currency pair, which can be considered higher than those offered by many forex brokers. They also note a spread of 0.8 pips, yet neither spread is confirmed as an average, and no specific time frame is provided. While Fineco seems to maintain competitive spreads on its index CFDs, the lack of average spread data makes it challenging to accurately gauge the full trading costs.
Contrasting with Fineco, Axi also doesn't publish average spread data. Despite this lack of information, Axi receives a slightly better rating, indicating more favorable commission and fee conditions for traders. The absence of detailed spread data from both brokers means that potential clients should approach their fee structures with due diligence when making a choice.
In terms of rankings and ratings, Fineco earns a rating of 3.5 stars for its commissions and fees according to industry sources, placing it at #51 out of 63 brokers. On the other hand, Axi fares better with a 4-star rating, achieving a placement of #43 in the same category. These rankings suggest that Axi provides a more appealing fee environment for traders looking to manage costs effectively.
| Feature |
Fineco
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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Fineco and Axi both offer the opportunity to trade forex using CFDs or spot contracts, but they differ significantly in the range of investments available. Fineco stands out with an extensive selection of 9,770 tradeable symbols and offers 54 forex pairs. In contrast, Axi provides access to 175 tradeable symbols and, interestingly, offers more forex pairs, totaling 65. A significant distinction is that Fineco allows investors to access exchange-traded securities on both U.S. and international exchanges, enabling clients to buy shares directly, such as Apple or Vodafone. On the other hand, Axi does not offer non-CFD trading on U.S. or international exchanges, although it supports copy trading and offers cryptocurrency derivatives.
When evaluated for their range of investments, Fineco receives a notable 4.5-star rating, ranking #16 out of 63 brokers in the ForexBrokers.com survey. Axi, meanwhile, earns a 3.5-star rating and is ranked #56 in the same category. This disparity reflects Fineco's broader offering of tradeable symbols and direct access to a wide array of securities. While Axi provides convenient options for forex pair trading and copy trading, its offerings in exchange-traded securities and cryptocurrency derivatives are more limited, providing a different investing experience compared to Fineco.
| Feature |
Fineco
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 175 |
| Forex Pairs (Total) | 54 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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). |
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When comparing Fineco and Axi's trading platforms and tools, both offer Windows-based desktop and web-based trading platforms, catering to traders who prefer accessibility. However, Axi provides a notable advantage with a free virtual demo account for simulated trading, a feature Fineco lacks. While Fineco boasts a proprietary platform developed in-house, Axi appeals to many traders with its support for the popular MetaTrader 4 (MT4) platform, and further enriches its offering with copy trading services and integration with ZuluTrade.
In terms of charting capabilities, Axi leads with 15 drawing tools compared to Fineco's seven, and gives traders the ability to trade directly from a stock chart, a feature not available with Fineco. Although Fineco is ranked higher (#18) by ForexBrokers.com in their Trading Platforms and Tools category and receives a slightly better star rating at 4 stars, Axi still stands out with its diverse range of tools and resources. Axi is positioned at #63 in the same category, indicating areas for improvement despite its versatile offerings.
| Feature |
Fineco
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
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Fineco and Axi both offer mobile trading apps for iPhone and Android users, catering to traders who seek flexibility and convenience. Both apps allow users to receive stock or forex price alerts and view charts in various time frames such as daily, weekly, or intraday. However, significant differences arise when comparing the technicalities of each app. Fineco provides six technical studies for charting, while Axi takes the lead with 30, giving traders a broader analytical toolset. Axi also includes the option to draw trendlines on charts, a feature absent in Fineco's app.
Watchlist management shows a mixed bag; neither app allows syncing watchlists between mobile and online versions, yet Axi enables creating watchlists with real-time quotes, unlike Fineco. When it comes to drawing capabilities, neither app saves drawings automatically, potentially impacting ease of use. In industry rankings for mobile trading apps, Fineco shines slightly brighter with a 4-star rating and a ForexBrokers.com rank of 42 out of 63, whereas Axi scores 3.5 stars, landing at rank 59. These aspects suggest that both apps offer strong trading solutions, yet cater to different needs based on individual trading priorities.
| Feature |
Fineco
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Fineco and Axi for market research offerings, there are several noteworthy differences. Fineco excels in providing forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, and it includes a comprehensive economic calendar highlighting global news events. However, Fineco lacks daily market commentary and tools such as Autochartist and Trading Central for in-depth technical analysis and fundamental research. On the other hand, while Axi also provides forex news from prestigious sources and a detailed economic calendar, it stands out by offering technical analysis tools from Autochartist and a sentiment-based trading tool to gauge market positions.
Despite these offerings, there are areas where both brokers fall short, such as the lack of market research from TipRanks and Acuity Trading resources. In terms of research ratings, Fineco receives a commendable 4.0 stars, ranking 33rd out of 63 brokers according to ForexBrokers.com. Axi, however, holds a lower rating of 3 stars, placing it at the 55th rank. These distinctions highlight Fineco's stronger position in providing research resources, appealing to those who value top-tier news and a well-rounded economic calendar, while Axi provides unique analysis tools for traders seeking technical insights.
| Feature |
Fineco
|
Axi
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Fineco and Axi for beginner trading education, both platforms offer notable resources to kickstart your trading journey. Axi shines by providing a wide array of educational materials specifically focused on forex and CFDs, offering at least 10 different pieces including articles, videos, and webinars, whereas Fineco does not meet this benchmark. However, both brokers host regular online webinars for their clients, offering at least one session each month. But neither broker provides a searchable archive of past webinars, which might be a consideration for those who wish to learn at their own pace.
For those just starting out, Fineco and Axi both offer beginner-friendly educational videos covering essential trading topics. However, neither platform provides a range of advanced educational videos for more experienced traders. Both brokers include an investor dictionary, each defining more than 50 key investing terms, aiding in building foundational knowledge. Despite Axi ranking higher at #27 out of 63 brokers for education on ForexBrokers.com, Fineco has a slightly higher user rating with 4.0 stars compared to Axi's 3 stars. Choosing between the two will depend on your preference for diverse educational resources or the depth of beginner-focused content.
| Feature |
Fineco
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than Axi. Fineco finished with an overall rank of #25, while Axi finished with an overall rank of #49.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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Axi
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 82 |
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Fineco does not provide options for purchasing actual or derivative cryptocurrencies, whereas Axi offers the ability to buy cryptocurrency derivatives, enhancing its appeal to traders interested in non-CFD digital asset investments.
While Fineco supports ACH and SEPA transfers, along with bank wires for managing account funds, Axi does not offer ACH or SEPA, but supports Skrill, Visa, Mastercard, and bank wires, giving clients varied options for deposits and withdrawals, although neither broker supports PayPal.
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 | Fineco | Axi | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | Axi | |
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| Regulation | Fineco | Axi | |
|---|---|---|---|
| Trust Score | 94 | 82 | |
| Year Founded | 1999 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Fineco | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 175 | |
| Forex Pairs (Total) | 54 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | Fineco | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Fineco | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Fineco | Axi | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | 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 | Fineco Review |
| Overall | Fineco | Axi | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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