Comparison of Axi and Pepperstone
| Feature | Axi | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2010 |
| Broker Type | STP | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SVGFSA, ASIC, NZ FMA, DFSA, FCA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | MetaTrader 4 (MT4), Axi Trading Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| Funding Methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | $10/month after 12 months of no trading activity | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | FSCS | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | £85 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Shares (CFDs), Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Axi Review | Pepperstone Review |
About Axi
Axi is a multi-regulated broker founded in 2007 with a straightforward account setup: commission-free Standard or raw-spread Pro, and a VIP Elite tier. Traders can use MT4, MT5 (in selected regions), or the Axi Trading Platform, plus a dedicated Copy Trading app. The product list spans Forex, indices, commodities, 100+ share CFDs, ~30 crypto CFDs, and ETF CFDs. Add-ons include Autochartist, Trading Central, VPS, and the Axi Select funding program.
Pros
- Multi-entity regulation
- Elite VIP with ~$25k balance and $3.5 commission per lot
- Solid toolkit: Autochartist, Trading Central, VPS options
- Flexible funding incl. cards, e-wallets, and crypto; broad base currencies
Cons
- Inactivity fee after 12 months of no trading
- Share CFD universe is modest (~100 names) vs. largest competitors
- Elite requires high balance; not suitable for small accounts
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
Axi & Pepperstone Regulation
| Feature | Axi | Pepperstone |
|---|---|---|
Companies | AxiTrader Limited (AxiTrader), AxiCorp Financial Services Pty Ltd (AFSPL), AxiCorp Financial Services Pty Ltd (DIFC Branch), Axi Financial Services (UK) | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | St. Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | SVGFSA, ASIC, NZ FMA, DFSA, FCA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | FSCS | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | £85 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Axi
AxiTrader Limited (AxiTrader), AxiCorp Financial Services Pty Ltd (AFSPL), AxiCorp Financial Services Pty Ltd (DIFC Branch), Axi Financial Services (UK)
Pepperstone
Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited
Countries
Axi
St. Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom
Pepperstone
Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom
Regulators
Axi
SVGFSA, ASIC, NZ FMA, DFSA, FCA
Pepperstone
ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA
Investor Protection
Axi
FSCS
Pepperstone
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
Investor Protection Size
Axi
£85 000
Pepperstone
£85 000 / €20 000
Publicly Traded
Axi
Pepperstone
Segregated Accounts
Axi
Pepperstone
Guaranteed Stop Loss
Axi
Pepperstone
Negative Balance Protection
Axi
Pepperstone
Account Types
| Account | Axi | Pepperstone |
|---|---|---|
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.9 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
Zero Account | ||
| Account Name | Pro | Razor |
| Min Deposit | $1 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.0 | 0 |
| Fee | $7 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 20% |
| Margin Call | 100% | 90% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
Axi
Standard
Pepperstone
—
Min Deposit
Axi
$1
Pepperstone
—
Lot Size
Axi
0.01
Pepperstone
—
Spread Type
Axi
Floating
Pepperstone
—
Execution
Axi
Market
Pepperstone
—
Min Spread
Axi
0.9
Pepperstone
—
Fee
Axi
No
Pepperstone
—
Max Leverage
Axi
1:500
Pepperstone
—
Stop Out
Axi
20%
Pepperstone
—
Margin Call
Axi
100%
Pepperstone
—
ECN Account
Account Name
Axi
—
Pepperstone
Standard
Min Deposit
Axi
—
Pepperstone
$1
Lot Size
Axi
—
Pepperstone
0.01
Spread Type
Axi
—
Pepperstone
Floating
Execution
Axi
—
Pepperstone
Market
Min Spread
Axi
—
Pepperstone
1
Fee
Axi
—
Pepperstone
No
Max Leverage
Axi
—
Pepperstone
1:500
Stop Out
Axi
—
Pepperstone
20%
Margin Call
Axi
—
Pepperstone
90%
Zero Account
Account Name
Axi
Pro
Pepperstone
Razor
Min Deposit
Axi
$1
Pepperstone
$1
Lot Size
Axi
0.01
Pepperstone
0.01
Spread Type
Axi
Floating
Pepperstone
Floating
Execution
Axi
Market
Pepperstone
Market
Min Spread
Axi
0.0
Pepperstone
0
Fee
Axi
$7 per 1 lot
Pepperstone
$7 per 1 lot
Max Leverage
Axi
1:500
Pepperstone
1:500
Stop Out
Axi
20%
Pepperstone
20%
Margin Call
Axi
100%
Pepperstone
90%
Additional Features
Demo Account
Axi
Pepperstone
VIP Account
Axi
Pepperstone
Swap-Free Account
Axi
Pepperstone
Copy Trading
Axi
Pepperstone
VPS
Axi
Pepperstone
PAMM/MAM Accounts
Axi
Pepperstone
Funding and Fees
| Feature | Axi | Pepperstone |
|---|---|---|
Base currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | $10/month after 12 months of no trading activity | |
Interest on margin | ||
Withdrawal fee |
Base currencies
Axi
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Pepperstone
USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD
Deposit and withdrawal methods
Axi
Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC)
Pepperstone
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether)
Inactivity fee
Axi
$10/month after 12 months of no trading activity
Pepperstone
Interest on margin
Axi
Pepperstone
Withdrawal fee
Axi
Pepperstone
Trading Platforms and Conditions
| Feature | Axi | Pepperstone |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), Axi Trading Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | - | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
Axi
MetaTrader 4 (MT4), Axi Trading Platform
Pepperstone
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
Execution Speed
Axi
-
Pepperstone
40 ms
Scalping
Axi
Pepperstone
Expert Advisors (EAs)
Axi
Pepperstone
Depth of Market (DOM)
Axi
Pepperstone
Spread
Axi
low
Pepperstone
low
Trading Assets
| Asset | Axi | Pepperstone |
|---|---|---|
Currencies | 69 | 97 |
Indices | 31 | 26 |
Stocks | 144 | 986 |
Cryptocurrencies | 35 | 30 |
Bonds | 0 | 0 |
Metals | 8 | 20 |
Energies | 5 | 4 |
Soft Commodities | 3 | 16 |
ETFs | 0 | 108 |
Currencies
Axi
69
Pepperstone
97
Indices
Axi
31
Pepperstone
26
Stocks
Axi
144
Pepperstone
986
Cryptocurrencies
Axi
35
Pepperstone
30
Bonds
Axi
0
Pepperstone
0
Metals
Axi
8
Pepperstone
20
Energies
Axi
5
Pepperstone
4
Soft Commodities
Axi
3
Pepperstone
16
ETFs
Axi
0
Pepperstone
108
Education and Analytics
| Feature | Axi | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Axi
Pepperstone
Indicators
Axi
Pepperstone
Robots
Axi
Pepperstone
Signals
Axi
Pepperstone
Autochartist
Axi
Pepperstone
Expert Analytics
Axi
Pepperstone
News Feed
Axi
Pepperstone
Education Articles
Axi
Pepperstone
Webinars
Axi
Pepperstone
Seminars
Axi
Pepperstone
Customer Support
| Contact | Axi | Pepperstone |
|---|---|---|
Email | service@axi.com | support@pepperstone.com |
Phone | +61 2 9965 5830 | +17866281209 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | TikTok | — |
Email
Pepperstone
Phone
Pepperstone
Telegram
Axi
Pepperstone
—
TikTok
Axi
Pepperstone
—
Which Broker is Better?
After comparing Axi and Pepperstone, Pepperstone comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.