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Head to head

Axi vs eToro

Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. eToro is licensed by CySEC in the European Union; FCA in the United Kingdom; ASIC in Australia and FSRA (ADGM) in Abu Dhabi (ADGM), UAE, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at Axi and $10 at eToro. Only eToro offers negative balance protection. Both offer segregated client money.

Facts last checked: Axi on 20 October 2026, eToro on 20 October 2026.

Axi profileeToro profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
AxiStrictly regulatedRead the profile
eToroStrictly regulatedRead the profile
Comparing
AxiAustralia
eToroEuropean Union

Overview

Founded
2007
Not yet checked
Headquarters
Sydney, Australia
Not yet checked
Official websites
  • axi.com
  • axi-solaris.com
  • etoro.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
AxiCorp Financial Services Pty Ltd
eToro (Europe) Ltd
Regulator
ASIC
Australia
CySEC
European Union
Regulation level
Strictly regulated
Strictly regulated
Licence number
AFSL 318232
Check the register
109/10
Check the register
Clients this company serves
Australian residents
Residents of EU and EEA countries
All licences held
  • ASIC (Australia)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • DFSA (Dubai (DIFC), UAE)
  • CySEC (European Union)
  • FCA (United Kingdom)
  • ASIC (Australia)
  • FSRA (ADGM) (Abu Dhabi (ADGM), UAE)
  • FSA Seychelles (Seychelles)
Segregated client money
Yes
Yes
Negative balance protection
No
Yes
Compensation scheme
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the St Vincent company
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none we know of for the Abu Dhabi or Seychelles companies

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Not yet checked

Leverage and margin

Maximum retail leverage
1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
1:30 on major pairs (UK, EU, Australia)
Retail leverage by asset class
  • Major currency pairs (UK: 1:30
  • Currency pairs (St Vincent company): up to 1:1000
  • Major currency pairs (UK: 1:30
  • Non-major currency pairs: 1:20
Margin call level
Not yet checked
Not yet checked
Stop-out level
20% (liquidation level, St Vincent company)
Not yet checked

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • Axi Trading Platform
  • MetaTrader 4
  • MetaTrader 5
  • eToro web platform
  • eToro mobile app
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
Currency, index and commodity CFDs alongside stocks, ETFs and crypto (this profile covers CFDs only)
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
No
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Debit or credit card
Not yet checked
Withdrawal fee
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
$5 on withdrawals from a USD account; none from GBP, EUR or DKK local-currency accounts
Inactivity fee
10 a month in USD, EUR, GBP and most other account currencies after 12 months without trading (St Vincent company)
None since 28 May 2026, according to eToro's help centre

Support

Customer support
Not yet checked
Not yet checked

Our notes

Strengths
  • Licensed by ASIC, the FCA and CySEC, all strict regulators
  • Published commissions per currency on the Premium account (for example $4.50 or €4.00 per standard contract)
  • Bank transfers and payments under US$50,000 a month are free to deposit
  • Licensed by CySEC, the FCA and ASIC, with retail negative balance protection in those regions
  • Copy trading built into the platform, with the same account used for CFDs, stocks and crypto
  • Low first deposit in some countries ($10 in the UK)
Watch out for
  • International clients join AxiTrader LLC, a St Vincent and the Grenadines company (4303 LLC 2025) that is registered, not licensed; its risk warning says you can lose substantially more than your initial investment.
  • Axi publishes minimum spreads only, not typical spreads
  • The St Vincent company charges a monthly inactivity fee after 12 months and may charge US$25 for withdrawals under US$50
  • The FSCA's OTC derivative provider list shows AxiCorp Financial Services Pty Ltd's application as Withdrawn, so Axi has no South African licence we could confirm.
  • eToro's website could not be loaded during our check on 2026-10-20; the cost details on this page come from eToro's own fee and help pages read through a search tool, so confirm them on etoro.com before you trade.
  • eToro now prices CFDs as the market spread plus an opening and closing spread fee charged as a percentage (0.005% per trade on EUR/USD), which is harder to compare with pip-based spreads.
  • Deposits and withdrawals that need a currency conversion carry a conversion fee, and USD withdrawals cost $5
  • MetaTrader is not offered; you can only trade on eToro's own platform

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Axi: Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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