Axi vs IC Markets Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Axi or IC Markets?
Our pick: IC Markets
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - IC Markets looks preferable to Axi.
IC Markets scored 4.7/5 and ranks 3 in our all Forex brokers list, whereas Axi has 4/5 and ranks 47.
This is not financial advice. See the full comparison below.
Who is Axi suitable for?
Axi is suitable for beginner traders who value education and simple tools. Experienced traders not trading on MT4 may find the broker less convenient.
Who is IC Markets suitable for?
IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.
Comparison Table of Axi and IC Markets
| Broker | Axi | IC Markets |
|---|---|---|
| Rating | 4/5 | 4.7/5 |
| Foundation Year | 2006 | 2007 |
| Regulated in Countries | Saint Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom | Seychelles, Australia, Cyprus, Kenya |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Axi Review | IC Markets Review |
Axi Review
Axi provides reliable and secure services in the Forex market. Thanks to regulation, extensive educational materials, and various trading tools, Axi has become an attractive choice for many traders.
However, it is crucial to consider the broker's disadvantages, such as limited choice of trading platforms, unstable quality of support, and inactivity fees. Based on this, Axi may be particularly suitable for beginners and intermediate traders looking for simple and intuitive trading tools and those who want to improve their skills and knowledge with educational materials.
Experienced traders who prefer to use other trading platforms besides MT4 may find Axi less suitable for their needs. Nevertheless, the company continues to offer stable services and competitive conditions, making it an attractive option for many traders in the Forex market.
Pros and Cons of Axi
Pros
- Axi is a licensed and regulated broker.
- An extensive set of educational resources.
- Convenient and useful trading tools.
- Variety of deposit and withdrawal methods.
Cons
- Limited choice of trading platforms.
- Demo account with limited duration.
- Inactivity fee.
Axi is in the top 10 of the following ratings:
IC Markets Review
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
IC Markets is in the top 10 of the following ratings:
Reliability
| Broker | Axi | IC Markets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2006 | 2007 |
| Regulated in Countries | Saint Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom | Seychelles, Australia, Cyprus, Kenya |
| Regulators | SVGFSA SVGFSA ASIC ASIC NZ FMA NZ FMA DFSA DFSA FCA FCA | SFSA SFSA ASIC ASIC CySEC CySEC CMA CMA |
Axi
Axi is a reliable broker adhering to international standards, ensuring the protection of client funds.
Pros
- Regulated by leading authorities (FCA, ASIC, DFSA).
- Segregated bank accounts for fund protection.
- Strict compliance with international norms and regulations.
IC Markets
IC Markets operates under the regulation of several jurisdictions, including ASIC in Australia, CySEC in Cyprus, and SFSA in the Seychelles, indicating a high degree of regulation.
Account Opening
| Broker | Axi | IC Markets |
|---|---|---|
| Account Opening | 4.5/5 | 4.5/5 |
| Minimum Deposit |
|
|
Axi
The account opening process at Axi is conveniently and efficiently organized.
Pros
- Intuitive process.
- Clear structure and breakdown by stages.
Cons
- Verification can take some time.
IC Markets
The account opening process at IC Markets is well-thought-out, transparent, and detailed, ensuring convenience and ease for clients. However, the high minimum deposit may deter many beginners.
Account Types
| Broker | Axi | IC Markets |
|---|---|---|
| Account Types | 4/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Axi
The variety of accounts offered by broker Axi provides a range of options for traders.
Pros
- Wide selection of account types.
- Availability of specialized accounts.
- Options for beginners and professionals.
Cons
- No accounts with fixed spreads.
- No cent accounts.
IC Markets
IC Markets' accounts are mainly aimed at experienced and professional traders.
Pros
- ECN accounts
- Ability to copy trades
- Access to VPS
Cons
- No cent accounts
- No fixed spread accounts
Commissions
| Broker | Axi | IC Markets |
|---|---|---|
| Commissions | 3/5 | 4.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 0.62 |
| Commission per Lot | $3.5 | $3.5 |
Axi
Axi's commissions are at an average level, not standing out in the market with high or low rates.
Pros
- Transparent commission structure.
- No fees for deposits and withdrawals.
Cons
- Inactivity fee for the account.
IC Markets
IC Markets has low commissions. Fees for transactions on ECN accounts and spreads are acceptable to most traders, and the absence of charges for deposits/withdrawals and account inactivity is a significant advantage.
Deposit and Withdrawal
| Broker | Axi | IC Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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Axi
Deposit and withdrawal processes at broker Axi are highly rated due to flexibility and convenience.
Pros
- Wide range of deposit and withdrawal methods.
- No fees for most operations.
- Fast processing of requests (1-2 days).
IC Markets
IC Markets offers multiple options for depositing and withdrawing funds, but possible fees from banks and payment systems should be considered, along with some restrictions on withdrawal methods.
Markets and Products
| Broker | Axi | IC Markets |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 69 | 61 |
| Precious Metals | 8 | 7 |
| Energy Carriers | 5 | 5 |
| Soft Commodities | 3 | 8 |
| Indices | 31 | 25 |
| Stocks | 144 | 2175 |
| Cryptocurrency | 35 | 21 |
| ETF | - | 38 |
| Bonds | - | 10 |
Axi
Broker Axi offers a wide selection of markets and products, allowing for investment diversification.
IC Markets
IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.
Trading Platforms
| Broker | Axi | IC Markets |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Trading Platforms |
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|
Axi
Broker Axi provides the popular MT4 platform, but is limited to it, which may not satisfy all traders.
IC Markets
IC Markets provides powerful and functional trading platforms suitable for various trader categories.
Analytics
| Broker | Axi | IC Markets |
|---|---|---|
| Rating | 3/5 | 5/5 |
Axi
Axi broker's analytics are satisfactory but lack depth in analysis.
Pros
- A wide array of market analysis tools.
Cons
- Lack of in-depth analytical research.
- Shortage of expert opinions from in-house analysts.
IC Markets
IC Markets provides its clients with an extensive set of analytical tools and materials, which can assist them in successful trading in the financial markets.
Education
| Broker | Axi | IC Markets |
|---|---|---|
| Rating | 4/5 | 5/5 |
Axi
Axi's educational materials offer diverse and high-quality content.
Pros
- A broad range of educational resources.
- Covers different levels of trader experience.
Cons
- Lack of personalized training.
- All materials are in English.
IC Markets
IC Markets offers a wide range of educational resources, from interactive video lessons to webinars and podcasts, demonstrating care for their clients and a commitment to providing all the necessary resources for successful trading.
Customer Support
| Broker | Axi | IC Markets |
|---|---|---|
| Rating | 3/5 | 4.7/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
Facebook
Instagram
Twitter
Telegram
LinkedIn
TikTokAxi
Axi's broker support shows mixed results.
Pros
- Variety of communication channels.
- 24/7 availability.
Cons
- Variable quality of service.
- There are negative reviews about the speed and efficiency of support.
IC Markets
IC Markets provides a variety of communication channels, ensuring support service accessibility for clients. Numerous client reviews indicate the support team's quick response and high professionalism.
Pros
- Positive reviews about professional support
- Multiple channels for support communication
- Support is available 24/7
Cons
- Only international call option is available
Comparisons of Axi and IC Markets with other brokers
Conclusion
IC Markets stands out as the better overall pick, while Axi trails on aggregate criteria.
IC Markets scored 4.7/5 and ranks 3 in our rating; Axi has 4/5 and ranks 47.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: Axi or IC Markets?
IC Markets comes out ahead by overall rank (score 4.7/5, position 3) versus Axi (score 4/5, position 47).
Which broker is better for beginners: Axi or IC Markets?
IC Markets is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — Axi or IC Markets?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Axi and IC Markets?
Axi: MetaTrader 4. IC Markets: MetaTrader 5, MetaTrader 4, cTrader, TradingView. See the “Platforms” section for details and selection tips.
What markets can you trade with Axi and IC Markets?
Axi: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. IC Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Axi and IC Markets?
Axi: Standard, Pro, Elite. IC Markets: Standard, Raw Spread cTrader, Raw Spread. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Axi and IC Markets?
Axi: Bpay, FasaPay, Neteller, Skrill, Alipay, PayPal, Bank Transfer, Sofort, Credit and Debit Cards, POLi, iDeal, Giropay, Online banking. IC Markets: PayPal, Neteller, Skrill, Bpay, FasaPay, Klarna, Swift, SEPA, Visa, Mastercard, UnionPay, POLi, Rapidpay. Check method-specific fees/settlement times.
Which broker is safer — Axi or IC Markets — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
