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FP Markets vs Axi 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FP Markets vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000
Axi
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 82
  • Tradeable Symbols (Total): 175

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

FP Markets and Axi are both online brokers that have carved out a strong reputation in the trading world. Established in 2005, FP Markets benefits from its longevity in the industry and holds two Tier-1 licenses and one Tier-2 license, aligning with its high trust rating. It scores 89 out of 99 on ForexBrokers.com's Trust Score, categorizing it as a trusted broker. While not publicly traded, FP Markets has remained a leading choice for traders looking for trusted and reliable broker services.

Founded slightly later in 2007, Axi has also established itself as a reliable option for traders and similarly holds two Tier-1 licenses, reflecting a high level of trust within the industry. It features a Tier-2 license as well, and while it is not publicly traded, the company maintains a strong presence and commitment to transparency. With a ForexBrokers.com Trust Score of 82, Axi is considered a trusted broker, making it a solid option alongside FP Markets for traders seeking a trustworthy platform.

Feature FP Markets logoFP Markets
Axi logoAxi
Year Founded info 2005 2007
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

FP Markets stands out for its competitive pricing, particularly for its commission-based ECN account available through MetaTrader and cTrader platforms. Recognized as Best in Class for Commissions and Fees in 2024, FP Markets offers one of the best cost-effective solutions for traders worldwide. Its Raw ECN account features attractive spreads averaging 0.1 pips, with a total of 0.8 pips after accounting for commissions. For traders using the Iress platform in Australia, the options vary from Standard to Premier accounts, with Premier offering benefits such as avoiding platform fees, subject to specific trading activity levels. However, lower-cost options like the Iress Investor account come with limited features.

In comparison, Axi offers a fee structure that is less transparent, with average spread data not readily available. Despite this, Axi maintains a solid standing with a 4-star rate for its commissions and fees. While this is commendable, it positions Axi lower in rankings, at 43rd out of 63 brokers, according to ForexBrokers.com. This rank reflects the need for improvement in providing clearer cost information for potential traders looking for budget-friendly trading options.

In summary, FP Markets excels in pricing competitiveness, earning a 5-star rating and securing the 6th spot in the Commissions and Fees category by ForexBrokers.com. On the other hand, Axi, with its 4-star rating and its 43rd position, suggests it may be a less attractive option for those prioritizing cost transparency and fees efficiency. Traders can confidently choose FP Markets for more affordable and competitive fee structures, while Axi may appeal to those who prioritize other features beyond just the cost.

Feature FP Markets logoFP Markets
Axi logoAxi
Minimum Deposit info $100 AUD $0
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing FP Markets and Axi in terms of their range of investments, FP Markets stands out with an impressive selection of 10,000 tradeable symbols compared to Axi’s 175. Both brokers offer forex trading through CFDs or spot contracts, with FP Markets providing access to a slightly higher number of forex pairs at 71 versus Axi’s 65. However, neither FP Markets nor Axi offers the ability to trade exchange-traded securities from U.S. or international exchanges, such as Apple or Vodafone shares, diversifying their offerings purely through CFDs.

FP Markets and Axi both deliver the convenience of copy trading and access to cryptocurrency derivatives, though they do not support the purchase of actual cryptocurrencies. In terms of ratings, FP Markets is rated at 4.5 stars for its range of investments, placing it 18th out of 63 brokers on ForexBrokers.com. On the other hand, Axi scores 3.5 stars, with a rank of 56th in the same category. This indicates that FP Markets offers a broader spectrum of investment opportunities compared to Axi.

Feature FP Markets logoFP Markets
Axi logoAxi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 175
Forex Pairs (Total) info 71 65
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When comparing FP Markets and Axi, both brokers offer a plethora of trading platforms and tools suitable for traders of all levels. FP Markets impresses with its proprietary platform alongside the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing a comprehensive suite of options for desktop and web-based trading. Axi, while not offering a proprietary platform, supports MT4 and specializes with tools like ZuluTrade for social trading enthusiasts. Both brokers deliver free demo accounts for practice, copy trading capabilities, and have similar charting tools, including direct trading from charts. FP Markets offers a slight edge with 17 drawing tools compared to Axi's 15, and both feature seven watchlist columns for personalized tracking.

When looking at their performance and user satisfaction, FP Markets holds a more favorable position with a four-star rating for its trading platforms and tools, ranking 23rd out of 63 brokers on ForexBrokers.com. Axi follows with a 3.5-star rating and is placed at the 63rd position. This indicates that while both brokers deliver well-rounded capabilities, FP Markets is perceived as slightly superior in terms of technology and functionality provided. These ratings suggest that FP Markets might better suit traders seeking a broader range of platform features, whereas Axi could appeal to those who primarily focus on MT4 and social trading.

Feature FP Markets logoFP Markets
Axi logoAxi
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

FP Markets and Axi both offer comprehensive mobile trading apps available for iPhone and Android users. Both apps provide essential features like stock and forex price alerts and the ability to draw trendlines on charts. They also allow users to view various time frames, such as daily, weekly, or intraday, on their charts. However, a notable difference is that only FP Markets' app has the autosave feature for chart drawings, making it more convenient for traders who want to maintain their chart analysis over time. Both apps allow users to create watchlists with real-time quotes, although neither app currently supports syncing watchlists with the client's online account.

When it comes to charting tools, Axi offers 30 technical studies, while FP Markets uses MetaTrader's default offerings. Despite both apps having a wide array of features, FP Markets leads in overall ratings and rankings. It is awarded 4 out of 5 stars compared to Axi's 3.5 stars, according to ForexBrokers.com. Moreover, FP Markets holds the 18th position out of 63 brokers for mobile trading apps, significantly ahead of Axi, which is ranked 59th. This might make FP Markets a more appealing choice for those prioritizing a higher-rated mobile trading experience.

Feature FP Markets logoFP Markets
Axi logoAxi
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing FP Markets and Axi in terms of market research offerings, several key differences emerge. FP Markets delivers daily market commentary, providing traders with regular insights, a service that Axi does not offer. Both brokers provide forex news from top-tier sources like Bloomberg and Reuters, ensuring access to reliable information. Tools from Autochartist are available at both brokers, aiding traders in technical and fundamental analysis. However, FP Markets takes a step further by providing resources from Trading Central, which are not available with Axi. Sentiment-based trading tools that reflect long and short positions are offered by both brokers, enhancing market understanding.

While neither broker includes market research from TipRanks or Acuity Trading tools, they both feature an economic calendar for tracking global news events. FP Markets has a research rating of 4 stars compared to Axi's 3 stars, reflecting its more comprehensive offerings. This difference also translates into rankings by ForexBrokers.com, where FP Markets is positioned at #25 out of 63 brokers in the research category, whereas Axi ranks at #55. These distinctions highlight FP Markets as a stronger choice for traders prioritizing in-depth market research and analysis tools.

Feature FP Markets logoFP Markets
Axi logoAxi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

FP Markets and Axi both provide a wide range of educational resources aimed at supporting beginner traders. Both brokers offer over 10 educational materials, such as articles and videos, focusing on forex and CFDs. They also host regular online educational webinars each month to help traders enhance their knowledge and skills. However, FP Markets has an edge with a searchable archive of previous webinars, making it easier for users to access past content on demand, a feature not available with Axi.

When it comes to video content, FP Markets appears more comprehensive. They offer a series of beginner and advanced videos tailored for different levels of trading experience. While Axi does provide a substantial set of beginner videos, it lacks the advanced content that FP Markets delivers. Additionally, both brokers offer an investor dictionary with definitions for over 50 investing terms. For overall educational resources, FP Markets is rated 4 stars and ranks #23, while Axi receives 3 stars and ranks #27 in the ForexBrokers.com Education category, highlighting FP Markets' slightly stronger position in this area.

Feature FP Markets logoFP Markets
Axi logoAxi
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Axi. FP Markets finished with an overall rank of #19, while Axi finished with an overall rank of #49.

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
Axi logoAxi
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 89 82
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or Axi?

Both FP Markets and Axi provide the option to trade cryptocurrency derivatives, but neither allows the purchase of actual delivered cryptocurrency.

What funding options does each broker offer?

While FP Markets and Axi both support Skrill, Visa/Mastercard, and bank wires for depositing or withdrawing funds, only FP Markets offers the option of using PayPal, whereas neither supports ACH or SEPA transfers.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

0 of 5
Overall Rating FP Markets Axi
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 89 82
Winner check_circle
Review FP Markets Review
Broker Screenshots FP Markets Axi
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FP Markets Axi
Trust Score info 89 82
Year Founded info 2005 2007
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) FP Markets Axi
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FP Markets Axi
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FP Markets Axi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 175
Forex Pairs (Total) info 71 65
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost FP Markets Axi
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding FP Markets Axi
Minimum Deposit info $100 AUD $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms FP Markets Axi
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools FP Markets Axi
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP Markets Axi
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research FP Markets Axi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FP Markets Axi
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FP Markets Axi
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FP Markets Review
Overall FP Markets Axi
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 89 82
Winner check_circle
Review FP Markets Review
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