Compare Axi vs IC Markets


Online brokers compared for fees, trading platforms, safety and more. See how Axi stacks up against IC Markets!

Axi vs IC Markets
overall rating
4.4
4.4
overall pros
  • Low trading fees and no inactivity fee
  • No withdrawal and deposit fees
  • Fully digital account opening
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Offers only forex and CFD trading
  • Limited research tools
  • 24/5 customer service
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
fees
4.3
  • Low non-trading fees
  • Low forex fees
  • Low CFD fees
4.1
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slower account opening time
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.4
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Withdrawal only via wire transfer or e-wallets
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.8
  • Forex
  • CFD
  • Crypto
1.8
  • Forex
  • CFD
  • Crypto
research
3.0
  • User-friendly
  • Great economic calendar
  • No trading ideas
  • No fundamental data available
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and not useful live chat
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not all contents are translated
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos are hard to find on the site
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Long track record
  • Negative balance protection for EU customers
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders familiar with the MetaTrader 4 platform Forex and CFD traders who value easy account opening and free deposit/withdrawal options
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