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Axi Alternatives

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
1w ago

The best alternatives to Axi are

  1. TMGM - Global forex broker
  2. Eightcap - Global forex broker
  3. Vantage - Global CFD and forex broker
  4. Pepperstone - Australian forex and CFD broker

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

Axi alternatives comparison
Axi
Overall score
4.4 stars 4.1 stars 4.2 stars 4.2 stars 4.4 stars
Fees score
4.0 stars 4.0 stars 4.2 stars 4.1 stars 4.3 stars
Account opening score
4.4 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score
5.0 stars 4.2 stars 4.4 stars 4.4 stars 4.8 stars
Web platform score
2.8 stars 2.8 stars 3.1 stars 4.5 stars 2.8 stars
Markets and products score
2.3 stars 2.3 stars 1.8 stars 2.2 stars 2.6 stars
Visit broker
80.26% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
74-89% 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
  • TMGM is recommended for forex traders who prefer the metatrader platform
  • Eightcap is recommended for forex traders who prefer the metatrader platform
  • Vantage is recommended for forex and cfd traders familiar with the metatrader trading platforms
  • Pepperstone is recommended for forex traders looking for great account opening and customer service

Important factors of finding Axi alternatives

So far BrokerChooser has reviewed 101 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!

TMGM

Australia's TMGM is a good choice if you are content with only CFD/forex trading and prefer the MetaTrader platform.

It has a very strong selection of stock CFDs and a decent offering of forex pairs, all at low fees. It’s easy to open and fund your account, and the $100 minimum deposit is reasonable.

Still, the lack of assets outside forex, CFDs and crypto will likely deter long-term investors, and the MetaTrader platform is not everyone’s favorite due to its poor design and limited functionality.

Casual traders will be stung by a steep inactivity fee that kicks in after six months or if your account balance is too low.

Recommended for forex traders who prefer the MetaTrader platform

Visit broker
80.26% of retail CFD accounts lose money

TMGM vs. Axi: Trading fees
Axi
FX commission per lot
$3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.2
GBPUSD spread
0.2 0.6
AUDUSD spread
0.2 0.4
USDJPY spread
0.2 0.4
USDCAD spread
0.2 0.4
TMGM vs. Axi: Minimum deposit, time to open an account
Axi
Minimum deposit
$100
$0
Time to open account
1 day 1-3 days

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

TMGM vs. Axi: Withdrawal options
Axi
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of TMGM, a Axi alternative
TMGM vs. Axi: Trading platform scores
Axi
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.3 stars 3.3 stars
Desktop platform score
3.4 stars 3.4 stars

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

Visit broker
80.26% of retail CFD accounts lose money

TMGM vs. Axi: Markets and products
Axi
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Eightcap

Eightcap is definitely worth a try if fees are more or less your only concern when choosing a forex broker. Its forex fees are the lowest among Australia-based forex brokers, withdrawals are free, and there is no inactivity fee.

Account opening is super fast, and the $100 minimum deposit is reasonable for a forex/CFD-only broker. As a plus, Eightcap offers a great lineup of crypto products, making up for a poor CFD selection and generally basic services when it comes to research, education or customer support.

Like many of its peers, Eightcap uses the popular MetaTrader platforms.

Recommended for forex traders who prefer the MetaTrader platform

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

Eightcap vs. Axi: Trading fees
Axi
FX commission per lot
$3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.2
GBPUSD spread
0.2 0.6
AUDUSD spread
0.3 0.4
USDJPY spread
0.2 0.4
USDCAD spread
0.3 0.4
Eightcap vs. Axi: Minimum deposit, time to open an account
Axi
Minimum deposit
$100
$0
Time to open account
1 day 1-3 days

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

Eightcap vs. Axi: Withdrawal options
Axi
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Eightcap, a Axi alternative
Eightcap vs. Axi: Trading platform scores
Axi
Web platform score
3.1 stars 2.8 stars
Mobile platform score
3.3 stars 3.3 stars
Desktop platform score
3.4 stars 3.4 stars

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

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

Eightcap vs. Axi: Markets and products
Axi
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Vantage

Vantage is a forex and CFD broker regulated by the Cayman Islands, Australian financial authorities and the Vanuatu Financial Services Commission.

Its non-trading fees are very favorable (e.g. there is no inactivity fee). Opening an account at Vantage is super-fast (less than 5 minutes) and fully digital. The broker offers a great variety of deposit and withdrawal options, most of them free of charge.

On the negative side, the product portfolio is rather limited as the broker only offers forex and some CFDs to trade. Customer service could be better, especially the relevance of email responses. Lastly, Vantage provides investor protection only in the UK.

BrokerChooser gave Vantage a 4.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for forex and CFD traders familiar with the MetaTrader trading platforms

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

Vantage vs. Axi: Trading fees
Axi
FX commission per lot
$3.00 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.2
GBPUSD spread
0.3 0.6
AUDUSD spread
0.4 0.4
USDJPY spread
0.3 0.4
USDCAD spread
0.4 0.4
Vantage vs. Axi: Minimum deposit, time to open an account
Axi
Minimum deposit
$50
$0
Time to open account
1 day 1-3 days

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

Vantage vs. Axi: Withdrawal options
Axi
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Vantage, a Axi alternative
Vantage vs. Axi: Trading platform scores
Axi
Web platform score
4.5 stars 2.8 stars
Mobile platform score
3.8 stars 3.3 stars
Desktop platform score
3.4 stars 3.4 stars

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

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

Vantage vs. Axi: Markets and products
Axi
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Pepperstone

Pepperstone is a top-shelf broker for forex and CFD traders, striking a good balance between competitive fees and a solid forex/CFD product selection. I found Pepperstone’s forex fees particularly favorable. By default, Pepperstone uses the old-school MetaTrader platforms, a turn-off for many novice traders; but thankfully, you can link your Pepperstone account to external trading interfaces, including the popular TradingView platform.

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

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

Pepperstone vs. Axi: Trading fees
Axi
FX commission per lot
$3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.2
GBPUSD spread
0.2 0.6
AUDUSD spread
0.2 0.4
USDJPY spread
0.3 0.4
USDCAD spread
0.3 0.4
Pepperstone vs. Axi: Minimum deposit, time to open an account
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.

Pepperstone vs. Axi: Withdrawal options
Axi
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Pepperstone, a Axi alternative
Pepperstone vs. Axi: Trading platform scores
Axi
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.3 stars
3.3 stars
Desktop platform score
3.4 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

Pepperstone vs. Axi: Markets and products
Axi
Stocks
No
No
ETFs
No
No
Forex
Yes
Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
No
Yes

Axi

Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies.

It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you in conversion costs.

Like most competitors, Axi uses the well-known MetaTrader 4 trading platform, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies.

Recommended for forex traders familiar with the MetaTrader 4 platform

Axi alternatives trading fees
Axi
FX commission per lot
$3.50 commission per lot per trade $3.50 commission per lot per trade $3.50 commission per lot per trade $3.00 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.2 0.1 0.1 0.1 0.1
GBPUSD spread
0.6 0.2 0.2 0.3 0.2
AUDUSD spread
0.4 0.2 0.3 0.4 0.2
USDJPY spread
0.4 0.2 0.2 0.3 0.3
USDCAD spread
0.4 0.2 0.3 0.4 0.3
Axi alternatives minimum deposit and account open times
Axi
Minimum deposit
$0
$100
$100
$50
$0
Time to open account
1-3 days 1 day 1 day 1 day 1 day

Learn more about Axi minimum deposit here.

Axi and alternatives withdrawal options and fees
Axi
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
Yes Yes Yes Yes Yes
Electronic wallets
Yes Yes Yes Yes Yes
Withdrawal fee
$0
$0
$0
$0
$0
Axi - Web trading platform
Axi and alternatives trading platform scores
Axi
Web platform score
2.8 stars 2.8 stars 3.1 stars 4.5 stars 2.8 stars
Mobile platform score
3.3 stars 3.3 stars 3.3 stars 3.8 stars 3.3 stars
Desktop platform score
3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.4 stars

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

Axi and alternatives markets and products
Axi
Stocks
No No No No No
ETFs
No No No No No
Forex
Yes Yes Yes Yes Yes
Funds
No No No No No
Bonds
No No No No No
Options
No No No No No
Futures
No No No No No
CFDs
Yes Yes Yes Yes Yes
Crypto
Yes
Yes
Yes
Yes
No

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 intro
Recommended for
Axi
Australian forex broker Forex traders familiar with the MetaTrader 4 platform
Global forex broker Forex traders who prefer the MetaTrader platform
Global forex broker Forex traders who prefer the MetaTrader platform
Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader trading platforms
Australian forex and CFD broker Forex traders looking for great account opening and customer service

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

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

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.

Visit Axi 76.3% of retail CFD accounts lose money
Visit TMGM 80.26% of retail CFD accounts lose money
Visit Eightcap 74-89% of retail CFD accounts lose money
Visit Vantage 74-89% of retail CFD accounts lose money
Visit Pepperstone 74-89% of retail CFD accounts lose money

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