Axi vs. IC Markets
Axi and IC Markets are two well-known Forex brokers, especially for scalpers and high-frequency traders. While traders get raw spreads from 0.0 pips and maximum leverage of 1:500 at Axi and IC Markets, the latter presents lower trading costs and a broader asset selection.
The trusted MT4 trading platform is available at both brokers, but IC Markets additionally presents MT5 and cTrader. Axi features the AI-powered third-party trading analytics platform PsyQuation, Autochartist, and six MT4 plugins. IC Markets upgrades the core MT4 trading platform with 20 unique plugins, elevating the sub-standard version into a cutting-edge solution.
High-quality education and research exist at Axi and IC Markets, extending their similarities. Both brokers support copy trading, offer MAM/PAMM accounts and VPS hosting.
We have conducted an in-depth review of Axi and IC Markets to determine which one presents the better overall choice and from which traders will benefit the most.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Axi vs. IC Markets - Verdict
Features and Platforms
| Features & Platforms | Axi (visit site) | Pepperstone (visit site) |
 |  | |
| Headquarter: | Australia | Australia |
Established : | 2007 | 2010 |
Retail Loss Rate: | 74.60% | 73.59% |
Regulation: | ||
Minimum Deposit: | $0 | $200 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | ||
Deposit Fee: | ||
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 29 | 15 |
MT4: | ||
MT5: | ||
cTrader: | ||
Proprietary Platform: | ||
Automated Trading: | ||
Social / Copy Trading: | ||
MT4/MT5 Add-ons: | ||
Guaranteed Stop Loss: | ||
Negative Balance Protection: | ||
Bonuses and Promotions: | ||
Unique Feature One: | PsyQuation | Excellent MT4 trading tools |
Unique Feature Two: | Autochartist | Superior trade execution |
Broker Offers: |
Noteworthy:
IC Markets offers a commission of $6.00 per 1.0 standard lot in its cTrader platform versus $7.00 in MT4/MT5. Axi has an Elite account, where commissions drop to $3.50 for a $25,000 minimum deposit.
Available Markets
| Available Markets | Axi | IC Markets |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:500 | 1:500 |
Maximum Pro Leverage: | 1:500 | 1:500 |
Axi presents Forex traders with 75 currency pairs and a well-balanced choice of commodity and index CFDs. Overall, the available markets remain below average in quantity, except for Forex. IC Markets provides traders with an outstanding selection of trading instruments, with the bulk consisting of 1,650+ equity CFDs and 61 currency pairs.
Typical Spreads and Fees
| Typical Spreads & Fees | Axi | IC Markets |
Minimum Raw Spreads: | 0.0 pips | 0.0 pips |
Minimum Standard Spreads: | 1.1 pips | 0.6 pips |
Minimum Commission for Forex: | $7.00 per round lot | $6.00 per round lot |
Commission for CFDs/DMA: | Commission-free | $0.04 per round lot (US) |
Commission Rebates: | No | No |
Execution Type: | Market Maker/ECN | Market Maker/ECN |
Both brokers offer raw spreads to Forex traders from 0.0 pips for a commission of $7.00 in the MT4 trading platform, but IC Markets lowers the trading cost to $6.00 for cTrader. Neither broker features volume-based cash rebates but grant traders access to ECN.
Security and Trust
Axi
| Country of the Regulator | Name of the Regulator | License Number |
Australia | Australian Securities & Investments Commission | AFSL Number 318232 |
UK | Financial Conduct Authority | FCA Reference Number 509746 |
Dubai | Dubai Financial Services Authority | DFSA Reference Number F003742 |
IC Markets
| Country of the Regulator | Name of the Regulator | License Number |
Australia | Australian Securities & Investments Commission | AFSL No. 335692 |
Seychelles | Financial Services Authority | License Number SD018 |
Bahamas | Securities Commission of The Bahamas | License Number SIA-F214 |
Cyprus | Cyprus Securities and Exchange Commission | License Number 362/18 |
Axi and IC Markets maintain well-regulated and trusted Forex trading environments with sclean regulatory track records. Most international traders at Axi will deal with the duly registered but unregulated subsidiary operating out of St. Vincent and Grenadines.
Axi vs IC Markets – Verdict
Axi
| Pros | Cons |
| No minimum deposit and high leverage for most international traders | Limited asset selection |
| Autochartist plugin for MT4 and API trading for algorithmic traders | |
| AI-powered third-party trading analytics platform PsyQuation | |
| Excellent trading costs and social trading plus educational resources in 24 languages |
IC Markets
| Pros | Cons |
| Excellent choice of trading platforms consisting of MT4/MT5, and cTrader | Minimum deposit slightly higher but within a reasonable range |
| Market-leading MT4 upgrade package, MAM/PAMM accounts, and VPS hosting | |
| Social trading support via Myfxbook, MetaTrader Signals, and ZuluTrade | |
| Leverage of up to 1:500, deep liquidity, and superb trade execution |
Axi and IC Markets share many similarities. Overall, IC Markets comes out ahead due to lower trading costs, more assets, and superior MT4 trading experience.
Axi is an excellent Forex broker with high leverage, fast order execution, and low trading costs. Beginner traders get a quality educational offering, and Axi upgrades the MT4 trading platform with Autochartist and plugins.
You might also be interested in reviewing the below broker comparisons: