Pepperstone vs AximTrade - Fees Review included
Which broker is better Pepperstone or AximTrade? Our expert assessment conducted according to TU’s own methodology showed that Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 7.22 out of 10. AximTrade is one of the top brokers in the financial market with the TU Overall Score of 4.82 out of 10. Find out more about TU Overall Score.
Feature | Pepperstone | AximTrade |
---|---|---|
Overall |
4.4 |
1.9 |
4.7 |
2.5 |
|
4.7 |
2.3 |
|
4.4 |
2.7 |
|
Investment Instruments |
4.4 |
2.1 |
Platforms and Charting Tools |
4.8 |
1.8 |
Deposit and Withdrawal |
4.5 |
2.9 |
Research |
3.9 |
1.7 |
Education |
4.1 |
1.4 |
Support |
4.3 |
1.6 |
Bonuses |
3.2 |
1.5 |
|
Pepperstone vs AximTrade: Pros and Cons
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. They also focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading. Today, the broker provides clients all over the world with some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help not only master trading as a type of activity, but also significantly increase the efficiency of trades. Pepperstone is regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), BaFin, DFSA, CMA, SCB, CySec. Clients' assets are held in aggregated accounts with major banks. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
AximTrade is an intermediary that is registered in Saint Vincent and the Grenadines and operates under the supervision of the Financial Services Authority (SVGFSA) regulator. It has been providing services for trading currency pairs, cryptocurrencies, and CFDs since 2020. The company offers cent, standard and ECN accounts with high leverage, low minimum deposit requirements, and tight spreads. AximTrade has awards from The Best Forex IB Program (Africa and Asia) and The Best Forex Trading Platform Asia.
Pepperstone | AximTrade | |
---|---|---|
Overall Pros | Fast order execution - 30 ms on average | The availability of a regulator and longevity in the Forex market of more than 10 years. |
Low trading fees | The low entry threshold for starting trading is $1 for cent and standard accounts and $50 for ECNs. | |
Strong luqidity | Tight spreads on all account types and average commissions per lot on ECN accounts in the brokerage market. | |
Advanced ECN account | High leverages up to 1:3000. | |
Access to TradingView's advanced charting tools | The ability to deposit and withdraw funds using electronic payment systems and in cryptocurrency. | |
Strong regulation | The existence of a social trading platform that allows you to receive additional income for both investors and experienced traders. | |
Overall Cons | The company offer Crypto CFDs outside Africa and UK | An account with the broker cannot be opened by traders from several countries, including the United States, Great Britain, and Canada. |
The company's website does not have sections with training, analytics, or news. | ||
The web terminal is not available to clients. |
Pepperstone vs AximTrade: Safety and Regulation
Regulated By: | Pepperstone | AximTrade |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Dubai Financial Services Authority (DFSA), BAFIN, SCB, CMA |
ASIC, FSA, FSP |
Pepperstone vs AximTrade: Trading Conditions
Trading Conditions | Pepperstone | AximTrade |
---|---|---|
Minimum Deposit |
$0 |
$1 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
МТ4 (desktop, mobile) |
Max Leverage (Futures) |
1-500 |
401769 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Currency pairs, CFDs on indices, metals, energies, cryptocurrencies, USD |
Trading assets |
1200+ |
155+ |
Trading Accounts |
Razor, Standard |
Standard, Cent, ECN, Infinite |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
USD |
Pepperstone vs AximTrade: Fees
Forex Trading Fees
Fee | Pepperstone | AximTrade |
---|---|---|
Standard Account EURUSD Average Spread |
0.77 pips |
1.1 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot |
$0 |
ECN Account EUR Average Spread |
0.17 pips |
0,2 pips |
CFD Trading Fees
Fee | Pepperstone | AximTrade |
---|---|---|
CFD Trading Fee |
US Shares and ETF CFDs - $0.02 per share, AU shares CFDs - 0.07$ (minimum AUD5), UK shares CFDs - 0.1% (minimum £10), German shares CFDs - 0.1% (minimum €10) Other markets - floating spread |
Floating spread |
Non-Trading Fees
Fee | Pepperstone | AximTrade |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Wire Transfer/Debit or credit card/Electonic wallets - 0%, USDT (TRC-20) - $1-2, USDT (ERC-20) - $15-25, BEP-20 - $1-2 |
Withdrawal Fee |
No |
Neteller/Skrill - $4, USDT (TRC-20), USDT (ERC-20), BEP-20 - $0, wire transfer - $0 |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Pepperstone vs AximTrade: Trading Assets
Asset Name | Pepperstone | AximTrade |
---|---|---|
Overall |
1200+ |
155+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Pepperstone or AximTrade: Investment Programs
Asset Name | Pepperstone | AximTrade |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: AximTrade or Pepperstone
Pepperstone | AximTrade | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
No |
No |
Others |
TradingView |
No |
|
Pepperstone vs AximTrade: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Pepperstone | AximTrade |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Coming soon |
Electronic Wallets |
Yes (not available for all countries) |
Yes |
Crypto |
No |
Yes |
Pepperstone vs AximTrade: Research
Research Type | Pepperstone | AximTrade |
---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Pepperstone vs AximTrade: Education
Education Type | Pepperstone | AximTrade |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
AximTrade vs Pepperstone: Support
Support Features | Pepperstone | AximTrade |
---|---|---|
Working Days |
24/5 |
Email 24/5, Online chat 24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
Pepperstone vs AximTrade: Forex Bonuses and Promo
Promo | Pepperstone | AximTrade |
---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
Affiliates and IBs. There are programs for private traders and companies that offer a maximum reward of up to $20 per lot and up to 10% of second-level referrals; Loyalty Program. The company raffles off valuable prizes (smartphones, watches, cars, luxury vacations) among affiliates who have met the requirements for the total turnover of referrals. Affiliates whose referrals have traded from 3,000 lots within 3 months participate in the drawing. |
Other Promos |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
|
|
Top 5 Reviews on AximTrade
-
Comment
Aximеtrade has its own tariff plans for novice traders. But I think we need to study everything carefully, because this broker has strict conditions. This requires strategy. Even novice traders need to have basic knowledge of trading and investing. I give Aximеtrade a normal rate.
-
Comment
The broker AximTrade should have been blacklisted long ago. This company has proven to be a fake broker that offers virtual trading. All information about attractive conditions at AximTrade is pure deception. No matter what conditions are advertised on the company's website, withdrawing money from here is practically impossible.
-
Comment
If I had known the truth about AximTrade from the start, I would have never opened a trading account here. Because all the information about the company is a lie! There is no regulator's license, no protection for traders from AximTrade's wrongdoing. They didn't withdraw my money at all! The account still has the initial deposit of $1000 and a profit of $380! The account is currently blocked.
-
Comment
I withdrew my profit and deposit, but it is almost impossible to trade here. Trading with AximTrade was not very comfortable and when I contacted managers, they simply wavered, claiming that the market has its own characteristics and requires a good strategy. I got the impression that they somehow influence the market, I will try to prove it. But it is best to avoid working with AximTrade.
-
Comment
AximTrade promises the best trading conditions. But I will say that they are simply deceiving their clients. As soon as you start trading, conditions change. AximTrade has no problems on a demo account, but on a live account there are a lot of problems. This is how they lure you in and then change the conditions without warning. Don't even think about opening an account here!
Top 5 Reviews on Pepperstone
-
Comment
As a beginner trader on Pepperstone, one of the biggest tools you should spend time practicing with is the demo account. This is where you can get the perfect practical experience you need to manage the risk the Forex market is known to exist with. You cannot survive in the trading sector if you do not know how to analyze charts using candles and several indicators available on Pepperestone. You can find good trading signals from tools like AutoChartist and the Professional Forex Signal Service, which allow you to copy trading strategies from a large selection of signal providers in a few minutes. But, I would suggest that beginner traders learn how to analyze the market using tools available (charts and indicators) on the Pepperstone demo account, as it will help them learn and become better traders from the trading signals they copy from professionals if they can interpret the strategies.
-
Comment
When I first traded on Pepperstone, one of the trading features i did not quickly understand but rated it as important when i get to understand what it is used for is pips. Infact beginner traders should learn about pips and use them very well when practicing on the demo account provided by Pepperstone. In Forex Trading, Pips happen to be the smallest unit price move an exchange rate makes, and the value depends on the currency pair, trade value and exchange rate. Understanding and utilizing PIPs is crucial for traders as it allows them to accurately assess profit and loss, determine entry and exit points, set stop-loss and take-profit levels, and calculate risk-reward ratios. Additionally, PIPs provide a standardized method for comparing currency pair performance and evaluating market volatility. I would use the Pepperstone pip calculator to calculate the pip value of pairs before i trade. For example, when trading EUR/USD the fixed pip is at 0.01. The value of one pip size is calculate by multiplying the trade value by 0.01.
-
Comment
When trading on Pepperstone, one of the useful tools that make trading much easier is the Autochartist. Analyzing trades to good trade opportunities in real time is when most of the daunting tasks in trading lie. Since the broker incorporates the Autochartist tool, I use the tool to identify chart patterns using technical indicators such as Fibonacci retracements. It is built to recognize trading opportunities based on support and resistance levels, and it keeps an eye on the markets around-the-clock to notify you when there are opportunities to trade. Pepperstone Autochartist is simple to use. First, download the Autochartist mobile app. Next, choose Trading Tools from the secure client area. Next, choose Login to the Mobile App. Finally, use your smartphone to scan the QR code to begin using Pepperstone Autochartist. I use the autochartist in MT4 and MT5 to directly plot trend lines and obtain price forecasts. Simply analyzing the price graph will allow traders to select trades.
-
Comment
Pepperstone Broker is licensed by ASIC regulator, with over ten years of experience, offering conditions suitable for traders of various levels. I started with two hundred dollars, offering spreads from zero, many instruments, and fast execution. Now, about what the company lacks. There are no micro accounts here, and high leverage is only available to professional traders. But I am satisfied with the reliability, quality of services, and the working terminal at Pepperstone Broker.
-
Comment
Pepperstone offers decent trading conditions. I trade all liquid instruments on the Standard account. Everything suits me here. In general, the performance is also not disappointing. I recommend it.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.