AxiTrader Alternatives

The best alternatives to AxiTrader are

1. Pepperstone - Australian forex broker
2. IC Markets - Australian 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 metatrader 4 platform
• Pepperstone is recommended for forex traders aiming for a good customer service
• IC Markets is recommended for forex traders preferring easy account opening and free deposit and withdrawals
• FXCM is recommended for forex traders looking for easy account opening, funding, and withdrawal processes

Important factors of finding AxiTrader alternatives

So far Brokerchooser has reviewed 41 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 alternatives
AxiTrader

AxiTrader was founded in 2007 and it is an Australia-based FX broker. It is regulated by multiple financial authorities worldwide, such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Dubai Financial Services Authority (DFSA), and the Financial Markets Authority (FMA).

AxiTrader is considered safe because it has a long track record and is regulated by multiple top-tier authorities.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.5% 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 metatrader 4 platform

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68.5% of retail CFD accounts lose money

Fees 4 stars

AxiTrader has low trading fees. It doesn't charge an inacitvity fee and withdrawal fee. On the other hand, the financing costs are not the lowest.

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

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68.5% of retail CFD accounts lose money

Account opening 4 stars

The account opening at AxiTrader is user-friendly and fully digital. It took ~2-3 business days until our account was approved.

Learn more about AxiTrader minimum deposit here.

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68.5% of retail CFD accounts lose money

Deposit and withdrawal 4 stars

AxiTrader charges neither withdrawal nor deposit fees. For deposit, you can use bank transfer, credit/debit cards, and electronic wallets. However, for withdrawal only bank transfer is available.

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68.5% of retail CFD accounts lose money

Web trading platform 3 stars

AxiTrader offers MetaTrader's web trading platform. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.

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

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68.5% of retail CFD accounts lose money

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68.5% of retail CFD accounts lose money

Markets and products 1 stars

AxiTrader offers only forex, CFDs, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.

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68.5% of retail CFD accounts lose money

Verdict

AxiTrader is regulated by multiple authorities globally, like the UK FCA or the Australian ASIC.

On the plus side, trading fees are low and no inactivity fee is charged. The deposit and withdrawals are also free of charge. Account opening is easy, and all digital. There is no minimum deposit which is also great.

AxiTrader has some drawbacks though. The product range is limited to FX, CFD, and cryptos. The research tools lack recommendations and fundamental data. Customer support is only 24/5 and the e-mail support is slow. 

As the trading fees are low and there are no deposit, withdrawal, and inactivity fees, feel free to try AxiTrader.

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68.5% of retail CFD accounts lose money

AxiTrader alternatives
Pepperstone

Best customer support

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

Pepperstone is considered safe, as it is regulated by top-tier financial authorities, like the UK FCA and the Australian ASIC.

Pepperstone is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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 aiming for a good customer service

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74.6% of retail CFD accounts lose money

Fees 4 stars

Pepperstone has low trading fees and average non-trading fees. It has no inactivity fee. On the negative side, the withdrawal fee is high.

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

More Visit broker
74.6% of retail CFD accounts lose money

Account opening 4 stars

Pepperstone account opening is great. It is fully digital and user-friendly. On the negative side, it can take several days.

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

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74.6% of retail CFD accounts lose money

Deposit and withdrawal 4 stars

Pepperstone offers a lot of deposit options, which are user-friendly. However, the withdrawal fees are high.

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74.6% of retail CFD accounts lose money

Web trading platform 4 stars

Pepperstone offers only third-party trading platforms. We tested cTrader, which is a great platform: it is well-designed and user-friendly. On the negative side, it lacks the two-step login.

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

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74.6% of retail CFD accounts lose money

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74.6% of retail CFD accounts lose money

Markets and products 1 stars

At Pepperstone you can only trade with forex, some CFDs, and cryptos.

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74.6% of retail CFD accounts lose money

Verdict

Pepperstone is a good FX and CFD broker. 

The customer service is great, you will get relevant answers within a short time. Account opening is a breeze, with no minimum deposits. The website is well-designed, clear and easy to navigate.

Pepperstone only offers FX and some CFDs. Its research and education tools could be improved, as there are not a lot of services and options.

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

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74.6% of retail CFD accounts lose money

AxiTrader alternatives
IC Markets

IC Markets is an Australian forex broker offering some CFDs too. It was founded in 2007.

IC Markets is considered safe because it is regulated by the top-tier Australian regulator, the Australian Securities and Investments Commission (ASIC).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 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 preferring easy account opening and free deposit and withdrawals

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74-89% of retail CFD accounts lose money

Fees 5 stars

IC Markets has low trading and non-trading fees.

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

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

Account opening 5 stars

The account opening at IC Markets is user-friendly and fully digital. It was also very fast, it took only 1 day until our account was approved.

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

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74-89% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

IC Markets does great at deposit and withdrawal. There are no fees for deposit and withdrawal. You can also use a lot of options for transferring money.

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74-89% of retail CFD accounts lose money

Web trading platform 4 stars

IC Markets offers only third-party trading platforms. We tested cTrader which is a great platform. It is well designed and user-friendly. On the flip side, it lacks the two-step login.

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

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74-89% of retail CFD accounts lose money

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74-89% of retail CFD accounts lose money

Markets and products 1 stars

At IC Markets, you can trade only forex, some CFDs, and cryptos. It lacks real stock, fund, bonds, options, and futures asset classes.

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74-89% of retail CFD accounts lose money

Verdict

IC Markets is a great forex and CFD broker. 

Its fees are very low and the account opening is fast and easy. The deposit and withdrawal are free and user-friendly.

On the other hand, IC Markets offers only forex, CFD and crypto trading. It does not provide any investor and negative balance protection.

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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74-89% of retail CFD accounts lose money

AxiTrader alternatives
FXCM

Best technical tools

FXCM, or Forex Capital Market, is a London-based forex broker that also offers some CFDs. FXCM was established in 1999 and has two main shareholders: Jefferies Financial Group and Global Brokerage. Both parent companies are listed on stock exchanges.

FXCM is considered safe, as it is regulated by top-tier financial authorities, like the UK FCA and the Australian ASIC.

FXCM is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% 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 processes

Visit broker
73.62% of retail CFD accounts lose money

Fees 4 stars

FXCM offers low trading fees and average non-trading fees.

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

More Visit broker
73.62% of retail CFD accounts lose money

Account opening 4 stars

The account opening process at FXCM is hassle-free and straightforward. Furthermore, there is no minimum balance requirement.

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

More Visit broker
73.62% of retail CFD accounts lose money

Deposit and withdrawal 4 stars

There are several options both for deposit and withdrawal. Also, the deposit is free of charge. On the negative side, withdrawal can be slow.

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73.62% of retail CFD accounts lose money

Web trading platform 3 stars

FXCM's trading platform is extremely customizable. It also offers a lot of order types. On the other hand, there is no two-step login and setting alerts is a pain.

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

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73.62% of retail CFD accounts lose money

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73.62% of retail CFD accounts lose money

Markets and products 1 stars

At FXCM you will only have access to some forex, some CFDs, and Bitcoin trading.

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73.62% of retail CFD accounts lose money

Verdict

FXCM has low trading fees and financing rates. Its technical research tools are high quality and well organized. It also offers fast and straightforward account opening.

However, FXCM only offers forex, some CFDs and cryptos. Their mobile and desktop trading platforms need an update, as they are outdated and not user-friendly.

Feel free to try FXCM. There is no minimum deposit, and the inactivity fee only kicks in after a year.

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73.62% of retail CFD accounts lose money

AxiTrader alternatives
Bottom line

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.

AUTHOR

Dan Sallai

CMO

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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