Head to head
Axi vs OANDA
Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. OANDA is licensed by CFTC / NFA in the United States, FCA in the United Kingdom, KNF in the European Union, CIRO in Canada, ASIC in Australia, MAS in Singapore and JFSA in Japan, 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 $0 at OANDA. Only OANDA offers negative balance protection. Both offer segregated client money.
Facts last checked: Axi on 20 October 2026, OANDA on 20 October 2026.
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
Comparing
AxiAustralia
OANDAUnited States
Overview
Founded
2007
Not yet checked
Headquarters
Sydney, Australia
Not yet checked
Official websites
- axi.com
- axi-solaris.com
- oanda.com
- oanda.sg
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
AxiCorp Financial Services Pty Ltd
OANDA Corporation
Regulation level
Strictly regulated
Strictly regulated
Clients this company serves
Australian residents
US residents (retail forex; registered futures commission merchant and retail foreign exchange dealer)
All licences held
- ASIC (Australia)
- FCA (United Kingdom)
- CySEC (European Union)
- DFSA (Dubai (DIFC), UAE)
- CFTC / NFA (United States)
- FCA (United Kingdom)
- KNF (European Union)
- CIRO (Canada)
- ASIC (Australia)
- MAS (Singapore)
- JFSA (Japan)
- FSC (BVI) (British Virgin Islands)
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the St Vincent company
FSCS (UK, OANDA Europe Limited clients); CIPF (Canada); other countries have their own schemes or none
Costs
Your monthly cost
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
Leverage and margin
1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
1:30 on major currency pairs (UK and EU retail clients); other companies set their own limits
Retail leverage by asset class
- Major currency pairs (UK: 1:30
- Currency pairs (St Vincent company): up to 1:1000
- Major currency pairs: 1:30
- Other currency pairs: 1:20
- Other commodities and non-major indices: 1:10
- Share CFDs: 1:5
Stop-out level
20% (liquidation level, St Vincent company)
Not yet checked
Account
Minimum deposit (this account)
No accounts listed
No accounts listed
Platforms and features
Platforms
- Axi Trading Platform
- MetaTrader 4
- MetaTrader 5
- OANDA Trade web
- OANDA Trade mobile app
- MetaTrader 4
- MetaTrader 5
- TradingView
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
Currency pairs, indices, commodities, metals, bonds, shares and ETFs as CFDs and spread bets (UK)
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Yes
Deposits and withdrawals
Deposit methods
- Bank transfer
- Debit or credit card
- Debit or credit card
- Bank transfer
Withdrawal fee
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
No deposit or withdrawal fees from OANDA (UK); your bank may charge
Inactivity fee
10 a month in USD, EUR, GBP and most other account currencies after 12 months without trading (St Vincent company)
Monthly fee after 12 months without trading, capped at £20 a month per client (UK)
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 strict regulators in the US, UK, EU, Canada, Australia, Singapore and Japan
- No minimum account balance and no deposit or withdrawal fees on the UK site
- Guaranteed stop-loss orders available in the UK (for a fee)
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.
- Clients outside the countries with a local OANDA company may be placed with OANDA Global Markets Ltd, which holds only an offshore licence from the BVI FSC
- UK inactivity fee after 12 months without trading, up to £20 a month
- The NFA's BASIC record for OANDA Corporation lists past NFA and CFTC regulatory actions; read them there before you open a US account
Choose at least one broker above to start comparing.
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.
- OANDA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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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.