Axi Alternatives

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:

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.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

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, or Trademax Global Markets, is an Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA) and the Vanuatu Financial Services Commission (VFSC).

TMGM 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. 74-89% 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 who prefer the metatrader platform

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68% of retail CFD accounts lose money

Fees

4.6

TMGM has low forex and CFD fees. While TMGM doesn't charge a fee for withdrawals, there's an inactivity fee if you don't trade for more than six months.

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

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68% of retail CFD accounts lose money

Account opening

5.0

The account opening process at TMGM 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 TMGM minimum deposit, this overview will help you.

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68% of retail CFD accounts lose money

Deposit and withdrawal

4.3

TMGM's depositing and withdrawal services are great. Many options are available for moving your money in and out, and they are free of charge.

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68% of retail CFD accounts lose money

Web trading platform

2.8

TMGM uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.

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

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68% of retail CFD accounts lose money

Markets and products

2.2

At TMGM, you can trade only forex, CFDs and cryptos. This means that many popular asset classes, like real stocks and ETFs, are not available.

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68% of retail CFD accounts lose money

Verdict

TMGM's forex fees are low, and account opening is fast and easy. Deposits and withdrawals are free of charge, and the process is user-friendly.

On the other hand, the product portfolio covers only forex and CFDs. In addition, clients are not covered by any investor protection.

Feel free to try TMGM, as you can easily open an account within a day.

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68% of retail CFD accounts lose money

Eightcap is an Australian global forex broker that was founded in 2009. The company operates two entities, regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Eightcap 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. 74-89% 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 who prefer the metatrader platform

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74-89% of retail CFD accounts lose money

Fees

4.5

Eightcap has low forex and CFD fees, especially if you choose the Raw account. There are also no inactivity or withdrawal fees you have to pay.

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

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74-89% of retail CFD accounts lose money

Account opening

5.0

Opening an account at Eightcap is seamless and fast. The whole process is fully digital and your account should be approved within one day.

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

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74-89% of retail CFD accounts lose money

Deposit and withdrawal

4.5

At Eightcap deposits are free, as are most withdrawal methods, with e-wallet options also available. The selection of account base currencies is limited however to major currencies.

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74-89% of retail CFD accounts lose money

Web trading platform

3.1

Eightcap gives access to MetaTrader 5 web trading platform, but not for MetaTrader 4. The MT5 platform is similar to MT4 - it is customizable, but has more order types. However, price alerts are still not available, and there's no two-factor authentication.

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

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74-89% of retail CFD accounts lose money

Markets and products

1.8

Eightcap's product selection covers only forex and CFDs for MT4 users. MT5 users can also access CFD cryptos but overall, popular asset types like real stocks and ETFs are not available.

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74-89% of retail CFD accounts lose money

Verdict

We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex fees and fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker's end, with a user-friendly process.

On the other hand, available products are limited to CFDs, forex and cryptos (for MT5 clients). The research and educational tools are also limited.

Feel free to try Eightcap if you'd like to have a verified broker account with low forex fees within a day.

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74-89% of retail CFD accounts lose money

Vantage is an Australia-based global forex and CFD broker. It was founded in 2009 and is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Being regulated by a top-tier authority (ASIC) is a good sign for Vantage's safety.

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 and cfd traders familiar with the metatrader trading platforms

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74-89% of retail CFD accounts lose money

Fees

4.2

Vantage has low forex trading fees and non-trading fees, and does not charge an inactivity fee. On the negative side, financing rates and share CFD fees are relatively high.

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

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74-89% of retail CFD accounts lose money

Account opening

5.0

Opening an account at Vantage is super fast and fully digital. The brokerage delivers on its promise, as you can open an account in less than 5 minutes.

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

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74-89% of retail CFD accounts lose money

Deposit and withdrawal

4.5

Vantage has a great variety of deposit and withdrawal options, which are fast, easy, and mostly free. However, fees are high if you use international bank withdrawal more than once a month.

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74-89% of retail CFD accounts lose money

Web trading platform

2.8

Vantage's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. However, it lacks a two-step login and its design is outdated.

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

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74-89% of retail CFD accounts lose money

Markets and products

2.0

At Vantage you can only trade forex and CFDs (commodities, stock indices, shares, cryptos). This means many popular asset classes, like real stocks or ETFs, are not available.

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74-89% of retail CFD accounts lose money

Verdict

Vantage is a forex and CFD broker, regulated by the top-tier ASIC, the Australian regulator.

It offers low forex and non-trading fees. The account opening and the deposit/withdrawal processes are seamless and most of them are free of charge.

On the other hand, the product offering at Vantage is limited to forex, CFDs and cryptos, and its customer service could use some improvement. Lastly, investor protection applies only to Vantage clients from the UK.

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

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74-89% of retail CFD accounts lose money

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

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

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74-89% of retail CFD accounts lose money

Fees

4.4

Pepperstone has low forex and non-trading fees, including no inactivity or account fees. However, CFD financing rates are high for a few assets.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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74-89% of retail CFD accounts lose money

Account opening

5.0

Pepperstone's account opening process offers a rewarding experience. 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.

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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.

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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 a two-step login and price alerts, and its design is outdated.

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

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74-89% of retail CFD accounts lose money

Markets and products

2.2

At Pepperstone you can only trade forex and a range of CFDs (commodities, stock indices, share CFDs, cryptos). This means that many popular asset classes such as real stocks and ETFs are missing.

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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, providing lightning-fast and relevant answers. Deposit and withdrawal are a breeze, with no fees charged in most cases.

On the other hand, at Pepperstone you can trade only forex and CFDs. If you're looking for advanced features in your trading platform, you might find the MetaTrader platform slightly disappointing.

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

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74-89% of retail CFD accounts lose money

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

Axi is regulated by multiple financial authorities worldwide, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA). Being regulated by several top-tier authorities is a good sign for Axi's safety.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.9% 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

Fees

4.2

Axi has low forex and CFD fees, and deposits and withdrawals are free of charge.

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

Account opening

4.2

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

Learn more about Axi minimum deposit here.

Deposit and withdrawal

4.4

Axi charges no deposit or withdrawal fees. You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards.

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 price alerts.

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

Markets and products

2.1

At Axi, you can trade only forex, CFDs and crypto. Other popular asset classes like real stocks or ETFs are not available.

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 deposits and withdrawals are free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great.

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

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

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.

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