Axi

4.1(700)

FCA/ASIC

IC Markets

4.4(2200)

ASIC/CySEC

Axi vs IC Markets

Head-to-Head Comparison 2026

Our Verdict

IC Markets has a higher rating of 4.4/5 compared to Axi (4.1/5). IC Markets offers 7 instrument types, while Axi offers 5. The minimum deposit is lower at Axi with 0 $. On spreads, Axi offers EUR/USD from 0.4 pip (Pro) + $3.50 per lot per side, 1.2 pip (Standard), while IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard). IC Markets charges no inactivity fee, while the other does.

Comparison Table

Criteria	Axi	IC Markets
Rating	4.1/5 (700 reviews)	4.4/5 (2200 reviews)✓
Regulation	FCA/ASIC	ASIC/CySEC
Fees	From 0.0 pips + $3.50 commission (Pro), spread-based (Standard)	From 0.0 pips + $3.50 commission (Raw Spread)
Min. Deposit	0 $	200 $
Instruments	Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs	Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs
Platforms	MT4, Axi Copy Trading App	MT4, MT5, cTrader
Options Trading	No	No
Spread (typical)	EUR/USD from 0.4 pip (Pro) + $3.50 per lot per side, 1.2 pip (Standard)	EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard)
Execution Speed	—	~40 ms (Equinix NY4/LD5)
Inactivity Fee	$10/month after 6 months of inactivity	None
Founded	2007	2007
Headquarters	Sydney	Sydney

Detailed Comparison

Fee Comparison

Axi: From 0.0 pips + $3.50 commission (Pro), spread-based (Standard). Minimum deposit: 0 $. Spread: EUR/USD from 0.4 pip (Pro) + $3.50 per lot per side, 1.2 pip (Standard). Inactivity fee: $10/month after 6 months of inactivity.

IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Minimum deposit: 200 $. Spread: EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard).

Execution Quality

Axi

No data available

IC Markets

Execution: ~40 ms (Equinix NY4/LD5)

Product Range

Axi (5 categories)

ForexIndicesCommoditiesStocks CFDsCrypto CFDs

IC Markets (7 categories)

ForexIndicesCommoditiesStocks CFDsBondsCrypto CFDsFutures CFDs

Trading Platforms

Axi

MT4
Axi Copy Trading App

IC Markets

MT4
MT5
cTrader

Regulation & Security

Axi is regulated by FCA/ASIC (HQ: Sydney).

IC Markets is regulated by ASIC/CySEC (HQ: Sydney).

Who Is It For?

Axi

Australian forex broker with copy trading and PsyQuation

✓ No minimum deposit

✓ PsyQuation AI trading analytics

✓ Copy trading available

✗ Only MT4 available (no MT5)

✗ Limited product range

IC Markets

ECN broker with ultra-low spreads and fast execution

✓ Ultra-low spreads from 0.0 pips

✓ Fast order execution (under 40ms)

✓ cTrader platform available

✗ No proprietary platform

✗ Educational content could be more comprehensive

Frequently Asked Questions

Is Axi or IC Markets cheaper?

Axi charges From 0.0 pips + $3.50 commission (Pro), spread-based (Standard). IC Markets charges From 0.0 pips + $3.50 commission (Raw Spread). The minimum deposit is 0 $ at Axi and 200 $ at IC Markets.

Which broker offers more products: Axi or IC Markets?

Axi offers Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs. IC Markets offers Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs.

Which broker is better regulated?

Axi is regulated by FCA/ASIC. IC Markets is regulated by ASIC/CySEC.

Is Axi or IC Markets better for beginners?

Axi has a minimum deposit of 0 $ and offers MT4, Axi Copy Trading App as platforms. IC Markets has a minimum deposit of 200 $ and offers MT4, MT5, cTrader. Axi has the lower entry barrier.

Axi vs IC Markets: Which broker is better overall?

The choice between Axi (4.1/5, 700 reviews) and IC Markets (4.4/5, 2200 reviews) depends on your needs. Axi: Australian forex broker with copy trading and PsyQuation. IC Markets: ECN broker with ultra-low spreads and fast execution.

How do spreads compare between Axi and IC Markets?

Axi offers typical spreads of EUR/USD from 0.4 pip (Pro) + $3.50 per lot per side, 1.2 pip (Standard). IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard). Tighter spreads reduce trading costs especially for active trading.

Do Axi or IC Markets charge an inactivity fee?

Axi: $10/month after 6 months of inactivity. IC Markets: no inactivity fee.

Axi

Australian forex broker with copy trading and PsyQuation

Open Account →

From 0 $ min. deposit

IC Markets

ECN broker with ultra-low spreads and fast execution

Open Account →

From 200 $ min. deposit

Axi read review →IC Markets read review →