Pepperstone vs Axi (AxiTrader) - Fees Review included
Which broker is better Pepperstone or Axi (AxiTrader)? 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 7.17 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 | Pepperstone | Axi (AxiTrader) |
|---|---|---|
Overall |
4.4 |
4.4 |
4.7 |
4.8 |
|
4.7 |
4.8 |
|
4.4 |
3.5 |
|
Investment Instruments |
4.4 |
4.1 |
Platforms and Charting Tools |
4.8 |
4.5 |
Deposit and Withdrawal |
4.5 |
4.9 |
Research |
3.9 |
1.9 |
Education |
4.1 |
4.6 |
Support |
4.3 |
4.4 |
Bonuses |
3.2 |
4.1 |
|
|
|
Pepperstone vs Axi (AxiTrader): 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.
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.
| Pepperstone | Axi (AxiTrader) | |
|---|---|---|
| Overall Pros | Fast order execution - 30 ms on average | low trading fees |
| Low trading fees | well-regulated broker | |
| Strong luqidity | Auto trading and the use of Forex advisors are allowed | |
| Advanced ECN account | AI-powered PsyQuation platform | |
| Access to TradingView's advanced charting tools | MyFXBook and Zulutrade copy trading platforms | |
| Strong regulation | ||
| Overall Cons | The company offer Crypto CFDs outside Africa and UK | limited research |
| limited choice of stock CFDs |
Pepperstone vs Axi (AxiTrader): Safety and Regulation
| Pepperstone | Axi (AxiTrader) | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 €100,000 (DE) |
£85,000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
Yes |
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) |
No |
No |
Pepperstone vs Axi (AxiTrader): Trading Conditions
| Trading Conditions | Pepperstone | Axi (AxiTrader) |
|---|---|---|
Minimum Deposit |
$0 |
$0 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
МТ4, MT4 Web-Trading, AxiOne, PsyQuation |
Max Leverage (Futures) |
1-500 |
1-500 (not for all markets) |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
currency pairs, metals, CFDs, cryptocurrencies, Indices |
Trading assets |
1200+ |
140+ |
Trading Accounts |
Razor, Standard |
Standart, Pro, Elite |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
Pepperstone vs Axi (AxiTrader): Fees
| Pepperstone | Axi (AxiTrader) | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,5 |
1,3 |
ECN Commission |
3 |
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.
Pepperstone vs Axi (AxiTrader): Trading Assets
| Asset Name | Pepperstone | Axi (AxiTrader) |
|---|---|---|
Overall |
1200+ |
140+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
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 Axi (AxiTrader): Investment Programs
| Asset Name | Pepperstone | Axi (AxiTrader) |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Axi (AxiTrader) or Pepperstone
| Pepperstone | Axi (AxiTrader) | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
No |
AxiOne, PsyQuation |
Others |
TradingView |
no |
|
|
|
Pepperstone vs Axi (AxiTrader): Deposit and Withdrawal Methods
| Pepperstone | Axi (AxiTrader) | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Pepperstone vs Axi (AxiTrader): Research
| Research Type | Pepperstone | Axi (AxiTrader) |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
NO |
Pepperstone vs Axi (AxiTrader): Education
| Education Type | Pepperstone | Axi (AxiTrader) |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Axi (AxiTrader) vs Pepperstone: Support
| Support Features | Pepperstone | Axi (AxiTrader) |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
feedback form |
Pepperstone vs Axi (AxiTrader): Forex Bonuses and Promo
| Promo | Pepperstone | Axi (AxiTrader) |
|---|---|---|
Forex Bonus |
No |
$50 welcome bonus (not for UK and AU clietns) |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
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 |
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. |
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|
|
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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 Pepperstone
-
Comment
I chose Pepperstone because of its zero minimum deposit — a rarity among major brokers. I appreciated that the platform is regulated by several reputable authorities: ASIC, FCA, BaFIN, and others. Over three months of trading with 1:400 leverage, I managed to grow my deposit by $750 using scalping on currency pairs and indices. Order execution is nearly instant — averaging 30 ms, and the difference is noticeable compared to other brokers. I withdraw profits to my card without delays and with no fees.
-
Comment
Pepperstone offers a combination of transparent trading conditions, fast order execution, and a wide range of instruments. Over the years, the broker has proven to be a reliable partner: its registration with ASIC, FCA, CySEC, and other regulators reflects the trust placed in the company. A $0 minimum deposit makes it accessible for beginners. A nice bonus is support for over 30 languages and 24/5 customer service. Thanks to its variety of account types, negative balance protection, and passive income opportunities through copy trading, Pepperstone has become my go-to choice for long-term trading.
-
Comment
Pepperstone stands out with a free 60-day demo account and two types of live accounts: Razor and Standard. The absence of a minimum deposit, a wide range of base currencies (9 options), and support for 16 trading platforms are definite advantages. Thanks to its partnership programs, the broker is appealing not only to traders but also to those building their own communities — with three partnership models, including one for fund managers. Order execution averages 30 ms, making it suitable for all strategies, including manual and automated trading.
-
Comment
I opened a Razor account with Pepperstone — the actual commission is low, and spreads start from zero. Trading CFDs on cryptocurrencies, commodities, and indices is a big plus. The minimum trade size is 0.01 lots, which is convenient for testing new strategies. I was pleased with the instant withdrawals via Visa, Mastercard, PayPal, Neteller, Skrill, and other popular systems. The platform allows flexible risk management with Margin Call/Stop Out levels at 90%/20%. Additionally, the broker partners with Barclays and HSBC as liquidity providers, which adds to its reliability.
-
Comment
I have been trading with Pepperstone for over a year and especially appreciate their execution speed — 99.35% of orders are filled in less than 1 second. As an active trader, the availability of MetaTrader 4/5, cTrader, and TradingView is important to me, as well as the absence of requotes. Customer support is available 24/7, and all my issues were resolved promptly. I was pleasantly surprised by the affiliate program — you can earn up to $750 per referred client, and the broker also pays up to 55% under the agency scheme. Thanks to instant execution and spreads starting from 0.0 points, Pepperstone is excellent for news trading.
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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.