Broker comparison

Axi vs.
IC Markets

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

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.

Australian forex broker with copy trading and PsyQuation

ECN broker with ultra-low spreads and fast execution

At a glance

The key differences

Criterion
PlatformsMT4, Axi Copy Trading AppMT4, MT5, cTrader
Product typesForex, Indices, Commodities, Stocks CFDs, Crypto CFDsForex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs
Options tradingNoNo
Fee modelFrom 0.0 pips + $3.50 commission (Pro), spread-based (Standard)From 0.0 pips + $3.50 commission (Raw Spread)
Minimum deposit0 $200 $
RegulationFCA/ASICASIC/CySEC
More informationDetailsDetails

Platforms

Axi

MT4, Axi Copy Trading App

IC Markets

MT4, MT5, cTrader

Product types

Axi

Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs

IC Markets

Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs

Options trading

Axi

No

IC Markets

No

Fee model

Axi

From 0.0 pips + $3.50 commission (Pro), spread-based (Standard)

IC Markets

From 0.0 pips + $3.50 commission (Raw Spread)

Minimum deposit

Axi

0 $

IC Markets

200 $

Regulation

Axi

FCA/ASIC

IC Markets

ASIC/CySEC

More information

IC Markets

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

From 0.0 pips + $3.50 commission (Pro), spread-based (Standard)

Published fee
From 0.0 pips + $3.50 commission (Pro), spread-based (Standard)
Minimum deposit
0 $
Inactivity
$10/month after 6 months of inactivity
See terms at provider

From 0.0 pips + $3.50 commission (Raw Spread)

Published fee
From 0.0 pips + $3.50 commission (Raw Spread)
Minimum deposit
200 $
Spread figure
EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard)
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexIndicesCommoditiesStocks CFDsCrypto CFDs
ForexIndicesCommoditiesStocks CFDsBondsCrypto CFDsFutures CFDs

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

MT4 · Axi Copy Trading App

Axi relies on MetaTrader 4 as its central trading platform with full support for Expert Advisors, custom indicators, and automated trading. The PsyQuation integration adds an AI-powered analysis layer that identifies trading patterns and provides improvement suggestions. The Axi Copy Trading App allows copying strategies of experienced traders. MT4 is available as desktop, web, and mobile versions.

Explore platform

MT4 · MT5 · cTrader

IC Markets offers three top-tier trading platforms for different trading styles. MetaTrader 4 is the classic choice for Forex traders with extensive EA support. MetaTrader 5 expands the offering with additional timeframes and order types. The cTrader platform excels with its intuitive interface, Level II market depth, and cAlgo for algorithmic trading. All platforms offer VPS hosting for uninterrupted automated trading.

Explore platform

Regulation & security

ASIC/CySEC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

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

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

Find the broker that fits

Axi oder IC Markets?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

Axi4.1
  • No minimum deposit
  • PsyQuation AI trading analytics
  • Copy trading available
IC Markets4.4
  • Ultra-low spreads from 0.0 pips
  • Fast order execution (under 40ms)
  • cTrader platform available
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between Axi and IC Markets?
Axi: From 0.0 pips + $3.50 commission (Pro), spread-based (Standard). IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
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.
How are Axi and IC Markets regulated?
The broker profiles list FCA/ASIC for Axi and ASIC/CySEC for IC Markets. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Axi or IC Markets better for beginners?
Axi lists a 0 $ minimum deposit and offers MT4, Axi Copy Trading App. IC Markets lists 200 $ and offers MT4, MT5, cTrader. Compare usability, available products and costs for your intended use.
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.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise