Axi

4.1(700)

FCA/ASIC

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

Axi vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

Pepperstone has a higher rating of 4.5/5 compared to Axi (4.1/5). Pepperstone offers 7 instrument types, while Axi offers 5. Pepperstone is BaFin-regulated, while Axi is supervised by FCA/ASIC. Axi has been in the market since 2007, making it the more experienced provider.

Comparison Table

Criteria	Axi	Pepperstone
Rating	4.1/5 (700 reviews)	4.5/5 (1800 reviews)✓
Regulation	FCA/ASIC	BaFin/FCA/ASIC
Fees	From 0.0 pips + $3.50 commission (Pro), spread-based (Standard)	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	0 $	0 €
Instruments	Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	MT4, Axi Copy Trading App	MT4, MT5, cTrader, TradingView
Options Trading	No	No, but over 1,200 CFD instruments
Founded	2007	2010
Headquarters	Sydney	Melbourne

Detailed Comparison

Fee Comparison

Axi: From 0.0 pips + $3.50 commission (Pro), spread-based (Standard). Minimum deposit: 0 $.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €.

Product Range

Axi (5 categories)

ForexIndicesCommoditiesStocks CFDsCrypto CFDs

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

Axi

MT4
Axi Copy Trading App

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

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

Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).

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

Pepperstone

ECN broker with Razor account and ultra-fast execution

✓ Razor account with raw spreads from 0.0 pip

✓ Fast execution speed

✓ MT4, MT5, cTrader and TradingView

✗ No options trading

✗ No real stocks, only CFDs

Frequently Asked Questions

Is Axi or Pepperstone cheaper?

Axi charges From 0.0 pips + $3.50 commission (Pro), spread-based (Standard). Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 0 $ at Axi and 0 € at Pepperstone.

Which broker offers more products: Axi or Pepperstone?

Axi offers Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

Axi is regulated by FCA/ASIC. Pepperstone is regulated by BaFin/FCA/ASIC. Pepperstone has BaFin regulation, which is particularly advantageous for German investors.

Is Axi or Pepperstone better for beginners?

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

Axi vs Pepperstone: Which broker is better overall?

The choice between Axi (4.1/5, 700 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. Axi: Australian forex broker with copy trading and PsyQuation. Pepperstone: ECN broker with Razor account and ultra-fast execution.

Axi

Australian forex broker with copy trading and PsyQuation

Open Account →

From 0 $ min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

Axi read review →Pepperstone read review →