Written by ForexBrokers.com
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.
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.
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
|
Axi
|
|---|---|---|
| Year Founded | 2005 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
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
|
Axi
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 175 |
| Forex Pairs (Total) | 71 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
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
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
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
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
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
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
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
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
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
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 82 |
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Both FP Markets and Axi provide the option to trade cryptocurrency derivatives, but neither allows the purchase of actual delivered cryptocurrency.
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.
Please 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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0 of 5| Overall Rating | FP Markets | Axi | |
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| Trust Score | 89 | 82 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | Axi | |
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| Regulation | FP Markets | Axi | |
|---|---|---|---|
| Trust Score | 89 | 82 | |
| Year Founded | 2005 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 175 | |
| Forex Pairs (Total) | 71 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Axi | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FP Markets | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FP Markets | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | Axi | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review |
| Overall | FP Markets | Axi | |
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| Trust Score | 89 | 82 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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