Independent reviews of UK brokers since 1996

AxiTrader vs eToro

Axi or eToro – which is better for UK traders 2026? Compare Axi and eToro in this detailed breakdown of their platforms, features and fees.

Axi vs eToro Comparison Table 2026
Axi eToro
3.7
4
Axi is ranked #13 among CFD brokers. eToro is ranked #8 among CFD brokers.
Visit Axi Visit eToro
Founded in 2007, Axi is a forex and CFD broker operating under multiple regulations. Over the years, it has enhanced the trading experience by broadening its stock offerings, upgrading the Axi Academy, and launching a proprietary copy trading app. eToro is a leading multi-asset platform providing trading services across numerous CFDs, stocks, and cryptocurrencies. Since its 2007 inception, it has attracted millions of traders worldwide. It operates with authorisation from top regulators such as the FCA and CySEC. Its social trading feature is especially well-regarded. Crypto investments are high-risk and possibly unsuitable for retail investors. There's a potential to lose all invested capital. Familiarise yourself with the risks. 61% of retail CFD accounts incur losses.

72.4% of retail investor accounts lose money when trading CFDs with this provider

61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Pros
  • Based on our tests, Axi's new trading app is highly intuitive. It offers practical filtering options to align strategies with individual risk preferences.
  • In 2026, Axi launched an AI trading tool that lets MT5 users manage accounts and set up trades through Claude, advancing agentic trading.
  • Axi Academy offers a wealth of educational resources, from free eBooks and video tutorials to interactive quizzes. These are particularly beneficial for novice traders.
  • Experienced traders may enrol in the Axi Select programme via the broker's offshore branch, offering up to $1 million in funding and a 90% profit share. Several traders have reached this milestone.
  • Axi provides an excellent MT4 experience, enhanced by the NextGen plug-in for sophisticated order management and analytics, with low execution latency around 30ms.
  • In July 2026, eToro Edge introduced significant enhancements, including a charting package tailored for active traders and AI trading via Tori.
  • In 2025, eToro enhanced its trading experience by incorporating insights from over 10 million Stocktwits users, enabling better assessment of market sentiment.
  • Utilising TradingView, the charts provide robust tools for technical analysis, featuring nine chart types and more than 100 indicators.
  • There is an extensive online training academy offering a range of accessible resources, from concise articles to detailed courses.
  • The trading app provides a top-tier social environment featuring an engaging feed and community chat, which we enjoy using.
  • In 2025, eToro altered its fee structure by separating crypto trading fees from the spread. A distinct commission is now listed separately, providing traders with increased transparency while maintaining consistent overall costs.
  • eToro now offers accounts in EUR and GBP, with recent additions of BTC and ETH payment options. This reduces conversion costs and delivers a tailored trading experience.
  • eToro secured second place in DayTrading.com's 'Best Crypto Broker' for 2025, offering a vast selection of tokens, dependable service, and competitive fees.
  • eToro has launched automated crypto staking, offering a pathway to passive income. However, Ethereum requires users to opt in.
  • Leading traders participating in the broker's Popular Investor Programme can earn yearly compensation of up to 1.5% of the copied assets.
  • eToro has enhanced its investment portfolio by frequently introducing new crypto assets. It currently offers a selection of over 100 digital currencies.
  • Apple Watch compatibility lets you monitor your eToro account, portfolio, popular assets and watchlist prices from your wrist.
  • The entry requirements for eToro Club have been reduced. For $4.99 monthly, members enjoy 18 benefits, including a debit card that converts purchases into stocks with a 4% share return.
Cons
  • Axi lags by solely providing MT4, while competitors have upgraded to MT5, cTrader, TradingView, and bespoke platforms, delivering a smoother user experience with enhanced tools.
  • Axi retains our confidence. However, recent issues with ASIC and FMA require it to maintain a secure environment and comply with licensing standards.
  • Although Axi delivers excellent performance, its support is not available 24/7. This unavailability can be inconvenient for traders operating in different time zones or requiring help beyond regular trading hours.
  • Even with the expansion of stock CFDs in the US, UK, and EU markets, its range still falls short compared to companies like BlackBull, which provide thousands of equities for varied trading opportunities.
  • The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out.
  • The only significant contact option, besides the in-platform live chat, is limited.
  • The absence of extra charting platforms such as MT4 may deter experienced traders who rely on external software.
  • There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders.
Awards
  • Global Most Innovative Broker 2025 - Finance Magnates Awards
  • Best Funded Trader Program 2023 - ADVFN International Financial Awards
  • Best MT4 Provider UK 2022 – International Business Magazine Awards
  • Best CFD Provider 2022 – Shares Awards
  • Best CFD Provider 2021 – Shares Awards
  • Most Transparent Forex Broker (Middle East) 2021 - Global Forex Awards
  • Best EMEA Region Broker 2020 - ADVFN International Financial Awards
  • Best Crypto Broker Runner Up 2025 - DayTrading.com
  • Best Cryptocurrency Trading Platform 2022 - Finder
  • Education Materials/Program 2022 - Investment Trends
  • Best Copy Trading Platform 2021 - Ultimate Fintech Awards
  • Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards
  • Best Stockbroker 2021 - Ultimate Fintech Awards
  • Best Social Trading Platform 2019 - ADVFN International Financial Awards
FCA Regulated
Yes Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
Demo Account
Yes Yes
Minimum Deposit
$0 $50
Payment Methods
Minimum Trade
0.01 Lots $10
Regulator
FCA, ASIC, FMA, DFSA, FSC FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
Mobile Apps
iOS & Android iOS & Android
Trading App
Axi's app offers a seamless trading experience, combining essential tools for active global market trading in one place. Enhanced with bug fixes and improved speed, it now includes push notifications, custom watchlists, and educational videos, all within an impressive user-friendly interface. eToro offers a mobile social trading platform, allowing users to replicate trades, manage accounts, and invest using Android or iOS. Trade major forex pairs conveniently from your mobile device.
iOS App Rating
3.6 4
Android App Rating
4.2 3.8
Margin Trading
Yes Yes
Margin Rate
6.40%
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
Yes No
eSignal
No No
Trading Central
No Yes
STP Account
Yes Yes
ECN Account
No No
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes Yes
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader, Myfxbook Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
Yes Yes
Copy Trading Platform
eToro consistently provides an outstanding proprietary trading platform for clients, free of charge. The web-based system is both intuitive and engaging, complemented by a community chat that appeals to novice traders. The recent 'Live Trades' feature grants immediate access to real-time insights on securities purchased by top investors on the platform.
Social Trading
Yes Yes
Trade Signals
MT4, Autochartist Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $10
Islamic Account
Yes Yes
Account Currencies
  • CHF
  • EUR
  • GBP
  • PLN
  • USD
  • AUD
  • DKK
  • EUR
  • GBP
  • USD
Commodities
  • Cocoa
  • Coffee
  • Copper
  • Gasoline
  • Gold
  • Natural Gas
  • Oil
  • Platinum
  • Precious Metals
  • Silver
  • Aluminium
  • Cannabis
  • Cattle
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Gasoline
  • Gold
  • Iron
  • Lead
  • Lean Hogs
  • Lithium
  • Livestock
  • Natural Gas
  • Nickel
  • Oil
  • Orange Juice
  • Palladium
  • Platinum
  • Precious Metals
  • Silver
  • Soybeans
  • Sugar
  • Wheat
  • Zinc
CFD
Axi provides an expanding range of CFDs on currencies, shares, indices, commodities, and cryptocurrencies, subject to location. Designed for active traders, it imposes no limits on scalping or algorithmic strategies, offers significant leverage, and ensures rapid execution with latency below 100ms. Trade CFDs across more than 3,000 assets with access to detailed market data through integrated TradingView charts. The eToro Academy provides extensive free learning resources for beginners, featuring specific courses and guides on CFD trading. In 2025, eToro enhanced flexibility for UK clients by enabling direct CFD trading on US assets with GBP.
Leverage
1:30 1:30
FTSE Spread
1.0 1.5
GBPUSD Spread<
0.6 1.9
Oil Spread
0.03 0.05
Stocks Spread
0.07 0.57 (Apple)
Forex
Axi excels with over 70 currency pairs, outpacing competitors such as AvaTrade, which provides just over 50. Coupled with the enhanced MT4 platform via the NextGen add-on, Axi stands out as a top choice for forex traders. Trade 55 currencies with average EUR/USD spreads of 1.0 pips at peak times. Traders can refine forex strategies by switching between demo and live accounts, with access to over 100 technical indicators.
Assets
70+ 55
GBPUSD Spread
0.5 1.9
EURUSD Spread
0.2 1.0
EURGBP Spread
0.5 1.3
Currency Indices
  • USD
Cryptocurrency
Axi offers round-the-clock short-term trading on 30 popular cryptocurrencies paired with fiat currencies, other tokens, and metals. It distinguishes itself with leverage options up to 1:200 for experienced crypto traders, enhancing both potential gains and risks. eToro excels in crypto trading with competitive spreads and a 1% fixed commission, alongside its own wallet service. The platform lists over 100 tokens, updated regularly. It added 29 new tokens in April 2025, spanning AI to memecoins. Crypto staking was introduced in 2025, enabling users to earn rewards for holding digital assets. Be aware, crypto investments are risky and may not be suitable for retail investors. You could lose all your capital. Understand the risks.
Spread
From 0.0 BTC 1%
Coins
  • AAVE
  • ADA
  • AVAX
  • BAT
  • BCH
  • BCH
  • BNB
  • BTC
  • BTC
  • COMP
  • CRV
  • DOG
  • DOT
  • ENJ
  • EOS
  • ETH
  • FTT
  • KSM
  • LNK
  • LNK
  • LRC
  • LTC
  • LTC
  • MANA
  • MATIC
  • MKR
  • OMG
  • SAND
  • SOL
  • SUSHI
  • UNI
  • XLM
  • XRP
  • XRP
  • XTZ
  • 1INCH
  • AAVE
  • ADA
  • ALGO
  • ALICE
  • AMP
  • ANKR
  • APE
  • API3
  • ARB
  • ATOM
  • AXS
  • BAL
  • BAT
  • BCH
  • BICO
  • BNB
  • BNT
  • BTC
  • CELO
  • CHZ
  • COMP
  • CRO
  • CRV
  • CTSI
  • DASH
  • DOGE
  • DOT
  • DYDX
  • ENJ
  • ENS
  • EOS
  • ETC
  • ETH
  • FET
  • FIL
  • FLR
  • FTM
  • FTT
  • GALA
  • GRT
  • HBAR
  • IMX
  • KNC
  • LDO
  • LINK
  • LPT
  • LRC
  • LTC
  • LUNC
  • MANA
  • MATIC
  • MIOTA
  • MKR
  • NEO
  • OGN
  • OP
  • OXT
  • QNT
  • REN
  • RNDR
  • SGB
  • SHIBxM
  • SKL
  • SNX
  • SOL
  • SRM
  • STORJ
  • SUSHI
  • THETA
  • TRX
  • UMA
  • UNI
  • XLM
  • XRP
  • XTZ
  • YFI
  • ZEC
  • ZRX
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Axi eToro
Visit Axi Visit eToro
72.4% of retail investor accounts lose money when trading CFDs with this provider 61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.