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

Features & PlatformsAxi (visit site)Pepperstone (visit site)
XTBcoinbase
Headquarter:AustraliaAustralia
Established :
20072010
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-PartyThird-Party
Funding Methods:
2915
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:
PsyQuationExcellent MT4 trading tools
Unique Feature Two:
AutochartistSuperior 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 MarketsAxiIC Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:5001:500
Maximum Pro Leverage:
1:5001:500

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 & FeesAxiIC Markets
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
1.1 pips0.6 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:
NoNo
Execution Type:
Market Maker/ECNMarket 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 RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments CommissionAFSL Number 318232
UK
Financial Conduct AuthorityFCA Reference Number 509746
Dubai
Dubai Financial Services AuthorityDFSA Reference Number F003742

IC Markets

Country of the RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments CommissionAFSL No. 335692
Seychelles
Financial Services AuthorityLicense Number SD018
Bahamas
Securities Commission of The BahamasLicense Number SIA-F214
Cyprus
Cyprus Securities and Exchange CommissionLicense 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

ProsCons
No minimum deposit and high leverage for most international tradersLimited 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

ProsCons
Excellent choice of trading platforms consisting of MT4/MT5, and cTraderMinimum 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.

Read full Axi Review

FAQs

Is Axi a good broker?

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./p>

Is IC Markets a good broker?

IC Markets ranks among the top brokers globally, with a trading environment tailored towards algorithmic traders. The asset selection, trade execution, and upgrades to the MT4 trading platform remain among the most competitive ones.

Is IC Markets good for scalping?

IC Markets is excellent for scalping, as it provides ideal trading conditions for scalpers.

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