AxiTrader Alternatives

The best alternatives to AxiTrader 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 AxiTrader alternatives compare to AxiTrader and each other:

Why are these brokers considered good alternatives to AxiTrader? There are many areas based on which AxiTrader can be compared with others. When we say a given online broker is a good alternative to AxiTrader 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.

AxiTrader 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:

• AxiTrader is recommended for forex traders familiar with the metatrader 4 platform
• Pepperstone is recommended for forex traders looking for low fees and good 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 AxiTrader alternatives

So far BrokerChooser has reviewed 71 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 AxiTrader 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. AxiTrader is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost AxiTrader 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 AxiTrader, 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 AxiTrader alternative is a must.

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

AxiTrader was founded in 2007 and is an Australian forex broker. It 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, AxiTrader 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. 67.7% 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

Open account
67.7% of retail CFD accounts lose money

Fees

4.5

AxiTrader has low forex and CFD fees. There is no withdrawal fee and the inactivity fee is low.

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

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67.7% of retail CFD accounts lose money

Account opening

4.4

Account opening at AxiTrader is user-friendly and fully digital but it takes a bit longer than at similar online brokers.

Learn more about AxiTrader minimum deposit here.

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67.7% of retail CFD accounts lose money

Deposit and withdrawal

4.8

AxiTrader charges neither deposit nor withdrawal fees. For depositing, you can use bank transfer, credit/debit cards and electronic wallets. Nevertheless, credit/debit card withdrawal is not possible.

Open account More
67.7% of retail CFD accounts lose money

Web trading platform

2.6

The web trading platform of AxiTrader is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login, price alerts, and the design is outdated.

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

Open account
67.7% of retail CFD accounts lose money

Markets and products

1.8

AxiTrader offers only forex and CFD trading.

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67.7% of retail CFD accounts lose money

Verdict

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

On the plus side, trading fees are low and no inactivity fee is charged. Depositing 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 and email support is slow. 

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

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67.7% of retail CFD accounts lose money

Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.

Pepperstone is considered safe since it's regulated by two top-tier financial authorities, 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. 78.6% 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 looking for low fees and good customer service

Open account
78.6% of retail CFD accounts lose money

Fees

4.4

Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.

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

Open account More
78.6% 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.

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

Open account More
78.6% 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.

Open account More
78.6% 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.

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

Open account
78.6% 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.

Open account More
78.6% of retail CFD accounts lose money

Verdict

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

Forex and equity index fees are low. 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 non-EU clients.

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

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78.6% of retail CFD accounts lose money

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

Open account
74.25% of retail CFD accounts lose money

Fees

4.3

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.

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

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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.

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

Open account 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.

Open account 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.

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

Open account
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.

Open account 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.

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74.25% of retail CFD accounts lose money

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. 75.38% 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

Open account
75.38% of retail CFD accounts lose money

Fees

3.7

FXCM has low trading fees and average 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.

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

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75.38% 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.

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

Open account More
75.38% 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.

Open account More
75.38% 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.

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

Open account
75.38% 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.

Open account More
75.38% 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.

Open account More
75.38% of retail CFD accounts lose money

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

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