IC Markets vs Axi (AxiTrader) - Fees Review included
Which broker is better IC Markets or Axi (AxiTrader)? Our expert assessment conducted according to TU’s own methodology showed that IC Markets is one of the top brokers in the financial market with the TU Overall Score of 7.46 out of 10. Axi (AxiTrader) is one of the top brokers in the financial market with the TU Overall Score of 6.91 out of 10. Find out more about TU Overall Score.
| Feature | IC Markets | Axi (AxiTrader) |
|---|---|---|
Overall |
4.7 |
4.4 |
5 |
4.8 |
|
4.9 |
4.8 |
|
4.6 |
3.5 |
|
Investment Instruments |
4.9 |
4.1 |
Platforms and Charting Tools |
4.4 |
4.5 |
Deposit and Withdrawal |
4.6 |
4.9 |
Research |
4.3 |
1.9 |
Education |
4.4 |
4.6 |
Support |
4.6 |
4.4 |
Bonuses |
2.5 |
4.1 |
|
|
|
IC Markets vs Axi (AxiTrader): Pros and Cons
IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.
Axi is a broker owned by AxiCorp Financial Services Pty Ltd. This Australian company was founded by traders in 2007. Professional experience and real knowledge have become the basis of the company that understands the needs of traders, offers modern solutions and high-quality service.The broker is monitored by three reputable regulators: ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), and DFSA (Dubai Financial Services Authority), which confirm its reliability and stability.Traders around the world can become clients of the broker and gain access to more than 140 trading instruments: Forex, metals, cryptocurrencies, and CFDs.
| IC Markets | Axi (AxiTrader) | |
|---|---|---|
| Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | low trading fees |
| Advanced ECN trading | well-regulated broker | |
| Order execution speed 40 mc | Auto trading and the use of Forex advisors are allowed | |
| Free VPS | AI-powered PsyQuation platform | |
| Trading servers in New York and London | MyFXBook and Zulutrade copy trading platforms | |
| Strong regulation | ||
| 2000+ trading assets, 60+ currency pairs | ||
| EURUSD Average spread 01 pip | ||
| Overall Cons | No forex bonuses | limited research |
| World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | limited choice of stock CFDs |
IC Markets vs Axi (AxiTrader): Safety and Regulation
| IC Markets | Axi (AxiTrader) | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
£85,000 |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
Yes |
FSA (Seychelles) |
Yes |
No |
IC Markets vs Axi (AxiTrader): Trading Conditions
| Trading Conditions | IC Markets | Axi (AxiTrader) |
|---|---|---|
Minimum Deposit |
$200 |
$0 |
Trading Platforms |
MT4, MT5, cTrader |
МТ4, MT4 Web-Trading, AxiOne, PsyQuation |
Max Leverage (Futures) |
1-500 |
1-500 (not for all markets) |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
currency pairs, metals, CFDs, cryptocurrencies, Indices |
Trading assets |
2000+ |
140+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Standart, Pro, Elite |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
IC Markets vs Axi (AxiTrader): Fees
| IC Markets | Axi (AxiTrader) | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,8 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,0 |
1,3 |
ECN Commission |
3,5 |
3,5 |
ECN Spread EUR/USD |
0,1 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IC Markets vs Axi (AxiTrader): Trading Assets
| Asset Name | IC Markets | Axi (AxiTrader) |
|---|---|---|
Overall |
2000+ trading assets |
140+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
IC Markets or Axi (AxiTrader): Investment Programs
| Asset Name | IC Markets | Axi (AxiTrader) |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Axi (AxiTrader) or IC Markets
| IC Markets | Axi (AxiTrader) | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
AxiOne, PsyQuation |
Others |
No |
no |
|
|
|
IC Markets vs Axi (AxiTrader): Deposit and Withdrawal Methods
| IC Markets | Axi (AxiTrader) | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
IC Markets vs Axi (AxiTrader): Research
| Research Type | IC Markets | Axi (AxiTrader) |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
NO |
IC Markets vs Axi (AxiTrader): Education
| Education Type | IC Markets | Axi (AxiTrader) |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Axi (AxiTrader) vs IC Markets: Support
| Support Features | IC Markets | Axi (AxiTrader) |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
feedback form |
IC Markets vs Axi (AxiTrader): Forex Bonuses and Promo
| Promo | IC Markets | Axi (AxiTrader) |
|---|---|---|
Forex Bonus |
Not offered |
$50 welcome bonus (not for UK and AU clietns) |
Affiliate Program |
% of trading commissions |
The company has developed its own partnership portal, providing an opportunity to earn money by attracting customers to a retail brokerage center. All partners are provided with materials and receive a high CPA commission, up to $850 for one attracted account. Affiliate program options: IB-partner, CPA-partner |
Other Promos |
||
|
|
|
Top 5 Reviews on Axi (AxiTrader)
-
Comment
Trading with Axi is available from a minimum lot size of 0.01, with spreads on the EUR/USD pair starting at 0.1 pips. Axi is regulated by several well-known authorities, including the FCA (UK), ASIC (Australia), and DFSA. Clients can deposit and withdraw funds via cards, bank transfer, Skrill, Neteller, PayPal, and cryptocurrency. The broker supports VPS, Autochartist, and additional tools for MT4. Traders can choose from Standard, Pro, Elite, and Islamic accounts, allowing flexible options tailored to individual needs.
-
Comment
Axi is a broker with a long history in the market, operating since 2007 and present in multiple jurisdictions. There is no minimum deposit requirement for Standard and Pro accounts, while the Elite account has a high threshold of $25,000. The MetaTrader 4 platform is available as a desktop app, mobile app, and WebTrader. Traders have access to over 140 instruments, including currency pairs, CFDs on stocks, indices, commodities, and IPOs. Leverage can reach up to 1:500, but the level depends on the country of registration and account type. Among Axi’s advantages are no fees for deposits and withdrawals, as well as support from major liquidity providers such as Morgan Stanley, UBS, J.P. Morgan, and others.
-
Comment
I opened an account with Axi broker six months ago. Before that, I traded with another company, but I had to leave due to disputes with customer support. So far, everything is going fine with Axi. I can't say it's a super platform; I've encountered a couple of bugs here. During news releases, I noticed price slippage in the broker's terminal. But I don't think these are serious issues.
-
Comment
I'm a newcomer to the world of Forex and chose AxiTrader as my broker, thinking they would assist me. I was wrong! Initially, they promised a personal consultant, but this person was unavailable every time I had questions. When I finally started trading, it seemed to me that the spreads deliberately widened at the moments of my transactions. My account was depleted in no time! I feel like I've been deceived! Don't trust AxiTrader!
-
Comment
The AxiTrader Pro account is expected to have excellent conditions, with an almost zero spread, instant order execution, and fast processing of withdrawal requests. However, all these favorable conditions are unrelated to AxiTrader as a broker. This is because the platform they provide is one of the worst I have encountered. I do not recommend working with this company.
Top 5 Reviews on IC Markets
-
Comment
I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
-
Comment
I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.
-
Comment
I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.
-
Comment
There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.
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.