Axi vs Saxo Bank: Comparison and Analysis

Axi vs Saxo Bank: A Comprehensive Comparison Summary

Security

Axi is regulated by ASIC, DFSA, FCA, and SV, while Saxo Bank is regulated by FCA, ASIC, MAS, FINMA, JFSA, and HKSFC. Both brokers have high-security ratings, with Axi rated at 95 and Saxo Bank rated at 95.

Winner: Tie

Demo Accounts

Axi offers a demo account with a duration of 30 days and virtual funds of $50,000. Multiple Axi demo sub-accounts can be opened with the same email address. On the other hand, Saxo Bank provides a demo account with a duration of 20 days and virtual funds of $100,000. Multiple Saxo Bank demo accounts can be opened with the same email.

Winner: Saxo Bank

Account Opening

Axi has no minimum deposit requirement, while Saxo Bank suggests a minimum deposit of $500, although the minimum deposit may vary depending on the country and account type. Axi supports multiple account currencies, including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. Saxo Bank offers over 20 account currencies, including EUR, USD, GBP, and AUD. Both brokers accept wire transfers, credit/debit cards, and e-wallets. Axi provides a wider range of account options, including Standard account, Pro account, Elite account, Islamic account, and Professional account for advanced traders. Saxo Bank offers a variety of accounts, including Classic account, Platinum account, VIP account, and Corporate account.

Winner: Axi

Social-Copy Trading

Axi provides a proprietary copy/social trading mobile app and supports social trading through the third-party platform Myfxbook. On the other hand, Saxo Bank does not offer copy-social trading.

Winner: Axi

Markets

Axi provides access to a variety of markets, including Forex (70+), Commodities (11), Indices (30+), Stocks (100), ETFs (20+), and Crypto (29). Saxo Bank offers a wide range of markets, including Forex (180), Commodities (70), Indices (37), Bonds (5000+), Stocks (19000+), ETFs (3000+), and Futures (10). While Axi offers a good selection of markets, Saxo Bank provides a more extensive range, making it suitable for traders interested in a broader market coverage.

Winner: Saxo Bank

Trading Fees

Axi offers variable spreads starting from 0.4 pip on Forex for standard accounts or from 0 pips with a $7 round-turn commission for pro accounts. Stocks commissions are 0% on their CFD stocks. Saxo Bank offers variable spreads starting from 0.3 pips on Forex.

Winner: Saxo Bank

Platforms

Axi offers the popular MetaTrader 4 (MT4) platform, available via desktop, web, and mobile devices. They also provide Psyquation, an AI-powered analytics platform available via webtrader, and AxiOne, a webtrader platform for UK clients engaging in spread betting. Saxo Bank offers SaxoTraderGO, their standard proprietary trading platform, and SaxoTraderPRO, an advanced proprietary trading platform that can be connected with APIs and supports algo trading and multi-screen trading.

Winner: Tie

Education/Customer Care

Axi provides a wide range of educational materials, including webinars, seminars, MT4 video tutorials, a free eBook, blog, courses, and a glossary. Their customer care is easily accessible via phone, email, and live chat. Saxo Bank provides clients with access to webinars, articles, videos, trading guides, and a trading academy. They offer easy contact through email, phone, and live chat, with dedicated account managers available for high-net-worth clients.

Winner: Tie

Conclusion

In conclusion, Axi and Saxo Bank have their strengths and weaknesses. Axi excels in demo accounts, account opening options, social-copy trading, and a wide range of markets. Saxo Bank stands out in terms of trading fees, offering lower spreads on Forex. Saxo Bank also provides a more extensive selection of markets and advanced trading platforms.

Considering all factors, if demo accounts, account opening options, social-copy trading, and a wide range of markets are important to you, Axi may be the better choice. However, if lower trading fees, a broader selection of markets, and access to advanced trading platforms are priorities, Saxo Bank could be the preferred option.

Winner: Tie