In a side-by-side clash, Axi emphasizes MT4 with raw spreads. Swissquote emphasizes a proprietary platform and a broader instrument range.
Axi and Swissquote are closely matched overall, but Swissquote's proprietary platform differentiates the pair.
Find out which broker best suits your trader profile.
Choose Axi if…
Choose Axi if you want zero minimum deposit. You also gain no inactivity fee and access to raw spreads.
Choose Swissquote if…
Choose Swissquote if you value a proprietary trading platform. You also access a very broad instrument range.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Axi offers tighter spreads from 0.00 pips vs 1.70 pips for Swissquote, reducing trading costs.
| Editorial score | 4.1/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.5 / 5▲ |
Pros
No minimum deposit
Strong ASIC, FCA, and DFSA regulation
MT4-focused with excellent EA and algorithmic trading support
No inactivity fee
Client funds held in segregated accounts
Negative balance protection
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Axi | Swissquote |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: Axi rates 4.1/5 and Swissquote rates 4.2/5. Swissquote has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Axi starts from 0 pips, tighter than Swissquote's 1.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Axi has no minimum deposit, while Swissquote requires at least $1120. This makes Axi more accessible for traders with limited starting capital.
Both Axi and Swissquote hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Axi has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Axi lists maximum leverage of 500:1, while Swissquote lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Axi charges $7 per lot on commission-based accounts. Commission details for Swissquote are not currently available. Check their website for up-to-date pricing.
Axi supports DXtrade, MetaTrader 4, while Swissquote supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. Axi has exclusive access to DXtrade. Swissquote has exclusive access to MetaTrader 5 and Proprietary Web/Mobile.
Swissquote is stronger here due to FINMA oversight and bank-level security.
Swissquote wins with MT4/MT5 access and a proprietary platform for versatile trading.
Axi is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
Swissquote wins with MT4/MT5 and a proprietary platform across web and mobile.
Axi wins for beginners due to zero minimum deposit and simple access.
Swissquote wins with 400 instruments compared to 220.
Fees & Spreads 30% weight | 4.2 / 5▲ | 3.9 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.2 / 5▲ |
|---|
Customer Support 10% weight | 3.9 / 5 | 3.9 / 5 |
|---|
| Founded | 2007 | 1996 |
|---|
| Headquarters | Sydney, Australia | Gland, Switzerland |
|---|
| Min Deposit | No minimum▼ lower | $1,120 |
|---|
| Spreads From | 0 pips▼ lower | 1.7 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | CHF 10/month (after 6 months) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | DFSA FCA ASIC | DFSA FCA FINMA |
|---|
| Platforms | DXtrade MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Investor compensation scheme coverage
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Swiss banking heritage with FINMA regulation and bank-level fund security
Broadest multi-asset range including real stocks, bonds, and options
Listed on the Swiss stock exchange (SIX)
FCA and DFSA regulated for UK and UAE clients
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Multilingual customer support
Cons
No MT5 or cTrader support
Pro account commission of $7/lot is above some ECN peers
Research and education tools are more limited than some peers
No proprietary platform
Cons
Very high minimum deposit (CHF 1,000, approximately $1,120)
Spreads wider than ECN peers on standard account
Primarily appropriate for larger, more sophisticated accounts
Inactivity fee applies
No 24/5 live chat
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
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