Broker comparison

Axi vs.
Pepperstone

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

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. On spreads, Axi offers EUR/USD from 0.4 pip (Pro) + $3.50 per lot per side, 1.2 pip (Standard), while Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot.

Australian forex broker with copy trading and PsyQuation

ECN broker with Razor account and ultra-fast execution

At a glance

The key differences

Criterion
PlatformsMT4, Axi Copy Trading AppMT4, MT5, cTrader, TradingView
Product typesForex, Indices, Commodities, Stocks CFDs, Crypto CFDsForex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Options tradingNoNo, but over 1,200 CFD instruments
Fee modelFrom 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
Minimum deposit0 $0 €
RegulationFCA/ASICBaFin/FCA/ASIC
More informationDetailsDetails

Platforms

Axi

MT4, Axi Copy Trading App

Pepperstone

MT4, MT5, cTrader, TradingView

Product types

Axi

Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs

Pepperstone

Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices

Options trading

Axi

No

Pepperstone

No, but over 1,200 CFD instruments

Fee model

Axi

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

Pepperstone

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Minimum deposit

Axi

0 $

Pepperstone

0 €

Regulation

Axi

FCA/ASIC

Pepperstone

BaFin/FCA/ASIC

More information

Pepperstone

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

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Published fee
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit
0 €
Spread figure
EUR/USD from 0.0 pip (Razor) + $3.50 per lot
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
ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

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 · TradingView

Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.

Explore platform

Regulation & security

BaFin/FCA/ASIC

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 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

Find the broker that fits

Axi oder Pepperstone?

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
Pepperstone4.5
  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
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 Pepperstone?
Axi: From 0.0 pips + $3.50 commission (Pro), spread-based (Standard). Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
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.
How are Axi and Pepperstone regulated?
The broker profiles list FCA/ASIC for Axi and BaFin/FCA/ASIC for Pepperstone. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Axi or Pepperstone better for beginners?
Axi lists a 0 $ minimum deposit and offers MT4, Axi Copy Trading App. Pepperstone lists 0 € and offers MT4, MT5, cTrader, TradingView. Compare usability, available products and costs for your intended use.
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.
How do spreads compare between Axi and Pepperstone?
Axi offers typical spreads of EUR/USD from 0.4 pip (Pro) + $3.50 per lot per side, 1.2 pip (Standard). Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.
Do Axi or Pepperstone charge an inactivity fee?
Axi: $10/month after 6 months of inactivity. Pepperstone: 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