Updated May 26 2022
Overview | |
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Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies. |
Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 3 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 day minimum (may take longer) | 1 day minimum (may take longer) |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. *There is no document verification needed for gross account deposits below US$9,000. |
📍 Year Founded | |
2007 | 1996 |
💳 Minimum Deposit | |
€, £, $, ¥ - 0 | $, €, £, - 0. |
💰 Payment Methods | |
💵 Account Base Currencies | |
10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD | 9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. |
🗽 Available to U.S Citizens | |
No | Yes |
❌ Restricted Countries | |
US | AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW. |
📊 STP Account | |
No | No |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
50 | N/A |
📘 Currency Pairs | |
140+ | 68 |
📗 Commodities | |
14 | 13 |
📕 Indices | |
14 | 16 |
📔 ETFs | |
N/A | N/A |
💸 Cryptocurrencies | |
11 | 4 |
📒 Bonds | |
N/A | 6 |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | N/A |
📝 Notes: | |
Axi offers only CFD products. This means popular asset classes like real stocks and ETFs are not available. |
All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc. |
Trading Experience |
📈 Minimum Stock Trade Size | |
0.01 lots | N/A |
📉 Minimum ETFs Trade Size | |
N/A | N/A |
📈 Minimum Crypto Trade Size | |
0.01 lots | Varies by crypto (Eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
0.01 lots | 1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc) |
📈 Minimum Commodities Trade Size | |
0.01 lots | Varies by Commodity (Eg: 1 Troy ounce of Gold) |
📉 Minimum Bonds Trade Size | |
N/A | 1 unit of any Bond contract |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:400 | Up to 1:100 |
✍ Customisable Leverage | |
Yes | Yes |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | Yes |
💻 Proprietary Platform | |
Yes (only on mobile devices) | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | Yes |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
$10 monthly after 1 year of inactivity. |
Yes, $10 after 1 year of inactivity |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees. |
💰 Commissions | |
Yes depending on account type (Standard: Zero, Pro: $3.50 per lot, Elite: $1.75 per lot) |
No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee. |
Spreads |
📈 EUR/USD | |
Dynamic - From 0 to 1.4 Pips | Dynamic - From 0.8 Pips |
📉 SP500 | |
Dynamic - From 90 Pips | Dynamic - From 30 Pips |
📈 GOLD | |
Dynamic - From 20 Pips | Dynamic - From 26 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.45 | N/A |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
Dynamic - From $40 | Dynamic - From $100 | Research and Analysis |
⭐ Watchlists | |
No | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |