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67.7% of retail CFD accounts lose money
Our top picks for AxiTrader alternatives
Pepperstone
4.4
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71.4% of retail CFD accounts lose money
IC Markets
4.4
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74-89% of retail CFD accounts lose money
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:

AxiTrader alternatives comparison
AxiTrader Pepperstone IC Markets FXCM
Overall score 4.4 4.4 4.4 4.2
Fees score 5.0 4.0 4.0 4.0
Account opening score 4.0 5.0 5.0 4.0
Deposit and withdrawal score 5.0 5.0 5.0 4.0
Web platform score 3.0 3.0 3.0 3.0
Markets and products score 2.0 2.0 2.0 1.0
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67.7% of retail CFD accounts lose money
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71.4% of retail CFD accounts lose money
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74-89% of retail CFD accounts lose money
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70.96% of retail CFD accounts lose money

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 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 57 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 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

Pros Cons
Low trading fees and no inactivity fee Offers only forex and CFD trading
No withdrawal and deposit fees Limited research tools
Fully digital account opening Slow email support

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67.7% of retail CFD accounts lose money

Fees
5.0

AxiTrader has low forex and CFD fees. There is no withdrawal fee and the inactivity fee is low.
Pros Cons
Low non-trading fees None
Low forex fees
Low CFD fees
AxiTrader alternatives trading fees
AxiTrader Pepperstone IC Markets FXCM
EURUSD benchmark fee $13.8 $14.9 $15.8 $16.7
EURGBP benchmark fee $11.0 $10.6 $9.9 $12.2

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
4.0

Account opening at AxiTrader 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
AxiTrader alternatives minimum deposit and account open times
AxiTrader Pepperstone IC Markets FXCM
Minimum deposit $0 $0 $200 $50
Time to open account 1-3 days 1 day 1 day 1-3 days

Learn more about AxiTrader minimum deposit here.

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67.7% of retail CFD accounts lose money

Deposit and withdrawal
5.0

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.
Pros Cons
Free withdrawal No credit/debit card withdrawal
No deposit fee
AxiTrader and alternatives withdrawal options and fees
AxiTrader 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

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67.7% of retail CFD accounts lose money

Web trading platform
3.0

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.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
AxiTrader - Web trading platform
AxiTrader and alternatives trading platform scores
AxiTrader Pepperstone IC Markets FXCM
Web platform score 3.0 3.0 3.0 3.0
Mobile platform score 4.0 4.0 4.0 1.0
Desktop platform score 3.0 3.0 3.0 3.0

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

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67.7% of retail CFD accounts lose money

Markets and products
2.0

AxiTrader offers only forex and CFD trading.
AxiTrader and alternatives markets and products
AxiTrader 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

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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.
 

AxiTrader
Summary AxiTrader is an Australian forex broker, regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 5.0
Recommended for Forex traders familiar with the MetaTrader 4 platform

Visit broker More
67.7% of retail CFD accounts lose money

AxiTrader alternatives
Pepperstone

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. 71.4% 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

Pros Cons
Low forex and equity index CFD fees Only forex, CFDs, and crypto
Great customer service Basic news flow, no fundamental data
Seamless and free deposit and withdrawal No investor protection for non-EU clients

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71.4% of retail CFD accounts lose money

Fees
4.0

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.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
AxiTrader vs. Pepperstone: Trading fees
Pepperstone AxiTrader
EURUSD benchmark fee $14.9 $13.8
EURGBP benchmark fee $10.6 $11.0

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

Visit broker More
71.4% of retail CFD accounts lose money

Account opening
5.0

Pepperstone's account opening 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
AxiTrader vs. Pepperstone: Minimum deposit, time to open an account
Pepperstone AxiTrader
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
71.4% of retail CFD accounts lose money

Deposit and withdrawal
5.0

Pepperstone provides plenty of options for deposit and withdrawal, 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
AxiTrader vs. Pepperstone: Withdrawal options
Pepperstone AxiTrader
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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71.4% of retail CFD accounts lose money

Web trading platform
3.0

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 AxiTrader alternative
AxiTrader vs. Pepperstone: Trading platform scores
Pepperstone AxiTrader
Web platform score 3.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

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

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71.4% of retail CFD accounts lose money

Markets and products
2.0

At Pepperstone you can only trade with forex, some CFDs, and cryptos.
AxiTrader vs. Pepperstone: Markets and products
Pepperstone AxiTrader
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

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71.4% of retail CFD accounts lose money

Verdict

Pepperstone is a great forex 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. There are no fundamental research tools, and the quality of news feeds is poor. 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.

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.
Fees score 4.0
Recommended for Forex traders looking for low fees and good customer service

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71.4% of retail CFD accounts lose money

AxiTrader alternatives
IC Markets

IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier 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 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 who value easy account opening and free deposit/withdrawal options

Pros Cons
Low forex fees No investor protection
Easy and fast account opening No negative balance protection
Free deposit and withdrawal Only forex, CFD and crypto trading

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

Fees
4.0

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
AxiTrader vs. IC Markets: Trading fees
IC Markets AxiTrader
EURUSD benchmark fee $15.8 $13.8
EURGBP benchmark fee $9.9 $11.0

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

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
AxiTrader vs. IC Markets: Minimum deposit, time to open an account
IC Markets AxiTrader
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
74-89% of retail CFD accounts lose money

Deposit and withdrawal
5.0

IC Markets's depositing and withdrawal services are great. There are no fees for either and many options are available for moving your money in and out.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
AxiTrader vs. IC Markets: Withdrawal options
IC Markets AxiTrader
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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74-89% of retail CFD accounts lose money

Web trading platform
3.0

The web trading platform of IC Markets 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 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 AxiTrader alternative
AxiTrader vs. IC Markets: Trading platform scores
IC Markets AxiTrader
Web platform score 3.0 3.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

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

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

Markets and products
2.0

At IC Markets, you can trade only with forex, some CFDs, and crypto products, no other assets are available.
AxiTrader vs. IC Markets: Markets and products
IC Markets AxiTrader
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

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74-89% of retail CFD accounts lose money

Verdict

IC Markets is a great forex and CFD broker. 

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

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

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.
Fees score 4.0
Recommended for Forex traders who value easy account opening and free deposit/withdrawal options

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74-89% of retail CFD accounts lose money

AxiTrader alternatives
FXCM

FXCM, or Forex Capital Market, is a UK-based broker offering forex and CFDs. FXCM was established in 1999 and its main shareholder is the Jefferies Financial Group. The parent company is listed on the New York Stock Exchange and it has an investment banking background.

FXCM is considered safe as it has a long track-record and it is regulated by top-tier financial authorities like the UK FCA and the Australian ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.96% 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 Poor mobile platform
High quality educational content Poor website trading platform

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70.96% of retail CFD accounts lose money

Fees
4.0

FXCM has low trading fees and average non-trading fees. There are no account, deposit, or withdrawal fees. However, you have to pay a $50 fee after one year of inactivity.
Pros Cons
Low trading fees High AUDUSD trading fee
No withdrawal fee
AxiTrader vs. FXCM: Trading fees
FXCM AxiTrader
EURUSD benchmark fee $16.7 $13.8
EURGBP benchmark fee $12.2 $11.0

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

Visit broker More
70.96% of retail CFD accounts lose money

Account opening
4.0

The account opening process at FXCM is hassle-free, and there is no minimum balance requirement. The minimum deposit is $50. On the other hand, the account opening time is slower than usual.
Pros Cons
Fully digital Account opening time slower than at most forex brokers
Low minimum deposit
User-friendly
AxiTrader vs. FXCM: Minimum deposit, time to open an account
FXCM AxiTrader
Minimum deposit $50 $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
70.96% of retail CFD accounts lose money

Deposit and withdrawal
4.0

There are several options both for deposit and withdrawal but the withdrawal time is slow.
Pros Cons
Credit/Debit card available Slow withdrawal - over 3 days
Free withdrawal
No deposit fee
AxiTrader vs. FXCM: Withdrawal options
FXCM AxiTrader
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
70.96% of retail CFD accounts lose money

Web trading platform
3.0

FXCM's trading platform is extremely customizable and you can use lots of order types. On the other hand, it's not user-friendly and it has a poor search function.
Pros Cons
Clear fee report Not user-friendly
Good customizability (for charts, workspace) No two-step (safer) login
Good variety of order types Poor search function
Web trading platform of FXCM, a AxiTrader alternative
AxiTrader vs. FXCM: Trading platform scores
FXCM AxiTrader
Web platform score 3.0 3.0
Mobile platform score 1.0 4.0
Desktop platform score 3.0 3.0

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

Visit broker
70.96% of retail CFD accounts lose money

Markets and products
1.0

At FXCM you only have access to forex and CFDs. Cryptos are provided through CFDs.
AxiTrader vs. FXCM: Markets and products
FXCM AxiTrader
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

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70.96% of retail CFD accounts lose money

Verdict

FXCM has low trading fees, its technical research tools are of high quality and well organized, and the account opening is fast and straightforward.

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

Feel free to try FXCM. There is no minimum deposit, 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 4.0
Recommended for Forex traders looking for easy account opening, funding, and withdrawal

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70.96% 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.

AxiTrader alternatives
Broker Info Recommended for
AxiTrader Australian forex broker Forex traders familiar with the MetaTrader 4 platform
Pepperstone Australian forex broker Forex traders looking for low fees and good customer service
IC Markets Australian forex broker Forex 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.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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