Axi
Wealthsimple
VS
Higher Rated
Axi
Capital at risk · T&Cs apply
In the realm of online brokerage, Axi and Wealthsimple cater to distinct trader profiles with their unique offerings. Axi, rated at 3.62/5 and based in Sydney, Australia, appeals primarily to forex and CFD traders seeking high leverage up to 1:500 and minimal deposit requirements. In contrast, Wealthsimple, with a rating of 3.2/5 and headquartered in Toronto, Canada, targets Canadian investors interested in commission-free stock and ETF trading, along with robo-advisor services. While Axi provides a broad market range including crypto and commodities, Wealthsimple is more focused on stocks and ETFs, making it ideal for those prioritising simplicity and low-cost investing.
Axi
Wealthsimple
| Axi | Wealthsimple | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.2/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:1 |
| Regulation | ASIC, FCA ✓ | SEC |
| Platforms | MT4, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Axi is the better choice overall, scoring 3.6/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Axi offers lower spreads (0 pips).
See full side-by-side comparison belowAxi
WinnerWealthsimple
Axi
Wealthsimple
Lower fees
Axi
3.6/5
Choose Axi if you want…
Wealthsimple
3.2/5
Choose Wealthsimple if you want…
Axi scores higher overall on our independent rating system. Axi holds a 3.6/5 rating vs Wealthsimple's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Axi offers spreads from 0 pips, while Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
Axi requires a minimum deposit of $0. Wealthsimple requires $0.
Axi is regulated by ASIC, FCA, while Wealthsimple holds licences from SEC.
Axi supports MT4, Proprietary Mobile. Wealthsimple supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
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58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.