Axi Logo
Our top alternative brokers to Axi
Pepperstone
4.4
Visit broker
74-89% of retail CFD accounts lose money
IC Markets
4.4
Visit broker
74.25% of retail CFD accounts lose money
Our top alternative brokers to Axi
Pepperstone
4.4
Visit broker
74-89% of retail CFD accounts lose money
IC Markets
4.4
Visit broker
74.25% of retail CFD accounts lose money
Axi Alternatives

The best alternatives to Axi are

  1. Pepperstone - Australian forex broker
  2. IC Markets - Global forex broker
  3. FXCM - UK-based forex broker

Let's see in a bit more detail how the Axi alternatives compare to Axi and each other:

Axi alternatives comparison
Axi Pepperstone IC Markets FXCM
Overall score 4.4 4.4 4.4 4.4
Fees score 4.3 stars 3.7 stars 4.1 stars 3.4 stars
Account opening score 4.4 stars 5.0 stars 5.0 stars 4.4 stars
Deposit and withdrawal score 4.4 stars 4.3 stars 4.9 stars 4.0 stars
Web platform score 2.8 stars 2.8 stars 2.8 stars 3.3 stars
Markets and products score 1.8 stars 1.7 stars 1.8 stars 1.6 stars
Visit broker
75.6% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
74.25% of retail CFD accounts lose money
Visit broker
74.74% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Axi? There are many areas based on which Axi can be compared with others. When we say a given online broker is a good alternative to Axi we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Axi alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Axi is recommended for forex traders familiar with the metatrader 4 platform
  • Pepperstone is recommended for forex traders looking for great account opening and customer service
  • IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
  • FXCM is recommended for forex traders looking for easy account opening, funding and withdrawal

Important factors of finding Axi alternatives

So far BrokerChooser has reviewed 78 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Axi or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Axi is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Axi alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Axi, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Axi alternative is a must.


Now let's dive into the details of how Axi and its alternatives perform in the most important areas!

Axi alternatives
Axi

Axi (previously known as AxiTrader) was founded in 2007 and is an Australian forex broker. The new brand "Axi" was launched in 2020.

Axi is regulated by multiple financial authorities worldwide, such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA). As such, Axi is considered safe because it is regulated by several top-tier authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% 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.

 

Recommended for forex traders familiar with the metatrader 4 platform

Pros Cons
Low forex fees and no inactivity fee Offers only forex and CFD trading
No withdrawal and deposit fees Limited research tools
Fully digital account opening 24/5 customer service

Visit broker
75.6% of retail CFD accounts lose money

Fees
4.3

Axi has low forex, but average CFD fees. The non-trading fees are low: no withdrawal or inactivity fees are charged.
Pros Cons
Low non-trading fees Average CFD fees
Low forex fees
Axi alternatives trading fees
Axi Pepperstone IC Markets FXCM
EURUSD benchmark fee $5.1 $10.0 $7.7 $12.5
EURGBP benchmark fee $5.2 $11.7 $7.5 $16.4

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
75.6% of retail CFD accounts lose money

Account opening
4.4

Account opening at Axi is user-friendly and fully digital, but it takes a bit longer than at similar online brokers.
Pros Cons
Fully digital Slower account opening time
No minimum deposit
Low minimum deposit
Axi alternatives minimum deposit and account open times
Axi Pepperstone IC Markets FXCM
Minimum deposit $0 $0 $200 $300
Time to open account 1-3 days 1 day 1 day 1-3 days

Learn more about Axi minimum deposit here.

Visit broker More
75.6% of retail CFD accounts lose money

Deposit and withdrawal
4.4

Axi charges neither deposit nor withdrawal fees. For deposits, you can use bank transfer, credit/debit cards and electronic wallets. However, you can only withdraw via wire transfers and e-wallets.
Pros Cons
Credit/Debit card available Withdrawal only via wire transfer or e-wallets
Free withdrawal
No deposit fee
Axi and alternatives withdrawal options and fees
Axi Pepperstone IC Markets FXCM
Bank transfer Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes
Electronic wallets Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0

Visit broker More
75.6% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of Axi (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Axi - Web trading platform
Axi and alternatives trading platform scores
Axi Pepperstone IC Markets FXCM
Web platform score 2.8 stars 2.8 stars 2.8 stars 3.3 stars
Mobile platform score 3.8 stars 3.8 stars 3.8 stars 3.3 stars
Desktop platform score 3.4 stars 3.3 stars 3.4 stars 3.3 stars

Learn more about Axi's web trading platform in the detailed Axi review.

Visit broker
75.6% of retail CFD accounts lose money

Markets and products
1.8

Axi only has forex products and CFDs in its selection.
Axi and alternatives markets and products
Axi Pepperstone IC Markets FXCM
Stock No No No No
ETF No No No No
Forex Yes Yes Yes Yes
Fund No No No No
Bond No No No No
Options No No No No
Futures No No No No
CFD Yes Yes Yes Yes
Crypto Yes Yes Yes Yes

Visit broker More
75.6% of retail CFD accounts lose money

Verdict

Axi is regulated by multiple authorities globally, like the UK's FCA and ASIC in Australia.

On the plus side, forex fees are low and no inactivity fee is charged. Deposits and withdrawals are also free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great.

AxiTrader has some drawbacks, though. Its product range is limited to FX and CFDs, and its research tools lack recommendations and fundamental data. In addition, customer support is only 24/5.

Feel free to try Axi, as the trading fees are low and there are no deposit, withdrawal or inactivity fees.
 

Axi
Summary Axi was previously known as AxiTrader. It is an Australian forex broker, regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.3 stars
Recommended for Forex traders familiar with the MetaTrader 4 platform

Visit broker More
75.6% of retail CFD accounts lose money

Axi alternatives
Pepperstone

Pepperstone is an Australian forex broker that also offers CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients. After Brexit, new clients registering from the EU are served by their German and Cyprus arm.

Pepperstone is considered safe because it's regulated by three top-tier financial authorities: the UK's Financial Conduct Authority (FCA), Germany's BaFin and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for great account opening and customer service

Pros Cons
Fast and fully digital account opening Only forex and CFDs
Great customer service Basic news flow
Seamless and free deposit and withdrawal No investor protection for clients outside the EU&UK

Visit broker
74-89% of retail CFD accounts lose money

Fees
3.7

Pepperstone has low non-trading fees, as no inactivity or account fee is charged. The forex fees are average, while the CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
Pros Cons
No withdrawal fee High costs for holding positions overnight
No inactivity fee
Axi vs. Pepperstone: Trading fees
Pepperstone Axi
EURUSD benchmark fee $10.0 $5.1
EURGBP benchmark fee $11.7 $5.2

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74-89% of retail CFD accounts lose money

Account opening
5.0

Pepperstone's account opening process is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
Pros Cons
Fast None
Fully digital
No minimum deposit
Axi vs. Pepperstone: Minimum deposit, time to open an account
Pepperstone Axi
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in Pepperstone minimum deposit, this overview will help you.

Visit broker More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.3

Pepperstone provides plenty of deposit and withdrawal options, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
Pros Cons
Credit/Debit card available High bank withdrawal fee for clients outside the EU/Australia
No deposit fee
Several account base currencies
Axi vs. Pepperstone: Withdrawal options
Pepperstone Axi
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Pepperstone, a Axi alternative
Axi vs. Pepperstone: Trading platform scores
Pepperstone Axi
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.3 stars 3.4 stars

Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
1.7

At Pepperstone you can only trade with forex and other CFDs (commodities, stock indices, share CFDs, cryptos). This means that many popular asset classes, like real stocks and ETFs, are missing.
Axi vs. Pepperstone: Markets and products
Pepperstone Axi
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
74-89% of retail CFD accounts lose money

Verdict

Pepperstone is a great forex and CFD broker, regulated by the top-tier FCA, BaFin and ASIC.

The account opening is fast and fully digital. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.

On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. Their news flow is rather basic. Lastly, there is no investor protection for clients outside the UK&EU.

Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.
Fees score 3.7 stars
Recommended for Forex traders looking for great account opening and customer service

Visit broker More
74-89% of retail CFD accounts lose money

Axi alternatives
IC Markets

IC Markets is an Australia-based global forex broker that was founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).

IC Markets is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.25% 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.

Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Pros Cons
Low forex fees Limited product selection
Easy and fast account opening Slow live chat support
Free deposit and withdrawal No investor protection for non-EU clients

Visit broker
74.25% of retail CFD accounts lose money

Fees
4.1

IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Axi vs. IC Markets: Trading fees
IC Markets Axi
EURUSD benchmark fee $7.7 $5.1
EURGBP benchmark fee $7.5 $5.2

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74.25% of retail CFD accounts lose money

Account opening
5.0

The account opening process at IC Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Axi vs. IC Markets: Minimum deposit, time to open an account
IC Markets Axi
Minimum deposit $200 $0
Time to open account 1 day 1-3 days

If you are interested more in IC Markets minimum deposit, this overview will help you.

Visit broker More
74.25% of retail CFD accounts lose money

Deposit and withdrawal
4.9

IC Markets's depositing and withdrawal services are great. Many options are available for moving your money in and out, and most of them are free of charge. On the negative side, international bank withdrawals have a high fee.
Pros Cons
Credit/Debit card available AUD 20 fee for international bank withdrawal
No deposit fee
Several account base currencies
Axi vs. IC Markets: Withdrawal options
IC Markets Axi
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74.25% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of IC Markets, a Axi alternative
Axi vs. IC Markets: Trading platform scores
IC Markets Axi
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

Visit broker
74.25% of retail CFD accounts lose money

Markets and products
1.8

At IC Markets, you can trade only with forex and CFDs. This means that many popular asset classes, like real stocks or ETFs, are not available.
Axi vs. IC Markets: Markets and products
IC Markets Axi
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
74.25% of retail CFD accounts lose money

Verdict

IC Markets is a great forex broker. 

Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and  the process is user-friendly. The education section of the website is also a plus.

On the other hand, IC Markets provides only forex and CFDs products for trading. In addition, live chat support could be better and non-EU clients are not covered by any investor protection scheme.

Feel free to try IC Markets, as you will have an account within a day and there is no inactivity fee.

IC Markets
Summary IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
Fees score 4.1 stars
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker More
74.25% of retail CFD accounts lose money

Axi alternatives
FXCM

FXCM, or Forex Capital Markets, is a UK-based broker offering forex and CFDs trading. FXCM was established in 1999 and is 100% owned by the Jefferies Financial Group, which is listed on the New York Stock Exchange and has a background in investment banking.

FXCM is considered safe as it has a long track record, a strong parent company, and is regulated by top-tier financial authorities like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% 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.

Recommended for forex traders looking for easy account opening, funding and withdrawal

Pros Cons
Fast and straightforward account opening Limited product portfolio
Good technical research tools High bank withdrawal fees
High-quality educational content No two-step authentication on trading platforms

Visit broker
74.74% of retail CFD accounts lose money

Fees
3.4

FXCM has average trading and non-trading fees. There are no account, deposit, or credit/debit card withdrawal fees. However, you have to pay a $50 fee after one year of inactivity and bank withdrawal can be costly.
Pros Cons
No withdrawal fee Inactivity fee after one year
Low financing rate High bank withdrawal fees
Axi vs. FXCM: Trading fees
FXCM Axi
EURUSD benchmark fee $12.5 $5.1
EURGBP benchmark fee $16.4 $5.2

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74.74% of retail CFD accounts lose money

Account opening
4.4

The account opening process at FXCM is hassle-free, but the minimum deposit is $360 (£300) in Europe and $50 in non-EU countries. Also, the account opening time is longer than usual.
Pros Cons
Fully digital Slower than at most forex brokers
Low minimum deposit
User-friendly
Axi vs. FXCM: Minimum deposit, time to open an account
FXCM Axi
Minimum deposit $300 $0
Time to open account 1-3 days 1-3 days

If you are interested more in FXCM minimum deposit, this overview will help you.

Visit broker More
74.74% of retail CFD accounts lose money

Deposit and withdrawal
4.0

There are multiple options both for deposits and withdrawals, but bank withdrawals have high fees and only a few account currencies are available.
Pros Cons
Credit/Debit card available High bank withdrawal fees
No deposit fee No minor account base currencies are accepted
Free credit/debit card withdrawal
Axi vs. FXCM: Withdrawal options
FXCM Axi
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74.74% of retail CFD accounts lose money

Web trading platform
3.3

FXCM's web trading platform is extremely customizable, provides a wide range of order types and has a great search function. On the other hand, it lacks two-step authentication and price alerts.
Pros Cons
Good search function No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Good variety of order types
Web trading platform of FXCM, a Axi alternative
Axi vs. FXCM: Trading platform scores
FXCM Axi
Web platform score 3.3 stars 2.8 stars
Mobile platform score 3.3 stars 3.8 stars
Desktop platform score 3.3 stars 3.4 stars

Learn more about FXCM's web trading platform in the detailed FXCM review.

Visit broker
74.74% of retail CFD accounts lose money

Markets and products
1.6

FXCM provides only forex and CFDs (on stocks, stock indices, commodities and cryptos). Popular asset classes, like real stocks and bonds, are not available for trading.
Axi vs. FXCM: Markets and products
FXCM Axi
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
74.74% of retail CFD accounts lose money

Verdict

FXCM is a great forex and CFD broker. It has a strong parent company and is regulated by multiple top-tier financial authorities, including the FCA and ASIC.

FXCM has a great account opening process, and its technical research and educational tools are high-quality and well-organized.

On the other hand, FXCM's product selection is limited to only forex, CFDs and cryptos. Bank withdrawal fees are high and trading platforms lack a secure two-step login. 

Feel free to try FXCM, as their minimum deposit requirement is low and the inactivity fee only kicks in after a year.

FXCM
Summary FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.
Fees score 3.4 stars
Recommended for Forex traders looking for easy account opening, funding and withdrawal

Visit broker More
74.74% of retail CFD accounts lose money

Axi alternatives
Bottom line

Based on our analysis, there are several good alternatives to Axi. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Axi alternatives
Broker Info Recommended for
Axi Australian forex broker Forex traders familiar with the MetaTrader 4 platform
Pepperstone Australian forex broker Forex traders looking for great account opening and customer service
IC Markets Global forex broker Forex and CFD traders who value easy account opening and free deposit/withdrawal options
FXCM UK-based forex broker Forex traders looking for easy account opening, funding and withdrawal

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

Visit broker
75.6% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
74.25% of retail CFD accounts lose money
Visit broker
74.74% of retail CFD accounts lose money
×