TradingCritique

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Oanda vs Axi : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Oanda

Oanda

VS
Axi

Axi

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

STP

Years of Existence / Established Year

1996

2007

Customer Base / Number of Accounts

50M

60,000+ traders


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Regulation & Security

Regulations (governing bodies)

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

ASIC DFSA FSA

Awards Won (count for the last 2 years)

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

No major awards listed

Security Measures

SIPC

None

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

68+ major currency pairs

220 + CFDs IPOs

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

No

Stocks

Yes

Yes

Options

Yes

No

Futures

Yes

No

Bonds

Yes

No

Mutual Funds

No

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

Yes

MT5

No

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Oanda Mobile and Tablet apps

Axi Trading Platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Standard account Corporate account Professional trading account

Standard Account Pro Account Elite Account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

Yes

Yes

Minimum Deposit

$0

$0

Leverage Available

50:1

200:1- 500:1

Trade Limit (maximum per trade)

Varies by instrument

100 orders per day maximum

Commission (per account type)

Standard - $50/M Premium - $50/M Premium Plus - $40/M

Standard account - $0 Pro account - $7 round trip Elite account - $3.5 round trip

Best Suited For (e.g., beginners, experienced traders)

Only experienced

Only experienced


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Deposit & Withdrawal Options

Deposit Methods

Bank Wire Transfer ACH Debit card

International bank transfers Debit & credit cards (Mastercard, visa) Internet / local banking Paypal (in specific regions)

Withdrawal Methods

Debit card Bank Wire transfer

Bank transfer Local banking E wallet Crypto payments Credit / Debit cards

Other E-Wallets Supported

No

Skrill Neteller Paypal


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators

Autochartist Trading Central MT4 Forex VPS Hosting Trading news & guides Trading calculators Trade on Economic Calendar guides


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Fees & Commissions

Trading-Related Fees

Spread starts from 0.0, commission- $30 per 1M

Commission- 0% on share CFD trades

Spread (typical, fixed, variable)

Typical

Variable

Per Lot Fees

NA

$3.5 per lot

Options Contract Fees

NA

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

50:1

1:1000


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Non-Trading Fees

Dormant Fees

10 units of the currency for inactivity atleast 12 months.

Inactivity fees varies for no activity more than 12 months

Subscription Fees (for premium features, data feeds)

$0

$0

Advisory Fees

$0

$0

Swap Fees (Overnight Financing)

Vary on instruments and change on a daily basis

Yes

Statement or Document Fee

$0

$0

Account Opening Fee

$0

$0

Account Maintenance Fee

$0

$0

Deposit Fee

$0

Bank transfers - No fees Card payments - 3.0% (for more than $50,000) Other methods - 3.0% (for more than $50,000)

Currency Conversion Fee

0.50%

NA

Withdrawal Fee

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee

Free above $50. Or administration fee of $25 apply.


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7

Trading forex & CFDs follows MT4 server time (GMT+2) Monday 00:01 to Friday 23:59


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24x5

24 hours (Tuesday to Friday) On Mondays, service commence at 9am AEST

Customer Support Methods (phone, email, live chat)

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Help Center Live chat Email: mailto:[email protected] Toll-free: UK - 0800 018 3306 Australia - 1300 888 936 Germany - 0800 7244085

Support Languages

4

13+


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Additional Information

Headquarters Location

Dashwood House 64, Old Broad Street London EC2M 1QS

Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Oanda stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Axi offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
Account approval at Oanda is usually completed within hours, often with automated ID checks. Axi might take longer due to manual reviews, but provides in-depth onboarding support along the way.
New traders may find Oanda interface more welcoming, while Axi appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.
Advanced users will enjoy Oanda capabilities, but Axi remains a favorite for its streamlined and beginner-centric approach.