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Pepperstone vs Axi 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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

Pepperstone
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 95
  • Tradeable Symbols (Total): 1726
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

Pepperstone and Axi are both reputable online trading brokers offering a secure trading environment, but they differ in their regulatory standing. Founded in 2010 in Australia, Pepperstone holds a stronger position with three Tier-1 licenses and a Trust Score of 95, signifying a high level of trust. This broker is privately owned and not a bank, allowing it to remain closely aligned with trader needs while maintaining regulatory compliance across various regions.

On the other hand, Axi, established in 2007, also offers a reliable trading platform, but with slightly lesser regulatory endorsements. Axi holds two Tier-1 licenses and a Trust Score of 82, marking it as a trusted broker. Similarly, Axi is not publicly traded and operates independently of banking institutions. While both brokers provide secure trading experiences, those seeking higher assurance in regulatory backing might prefer Pepperstone.

Feature Pepperstone logoPepperstone
Axi logoAxi
Year Founded info 2010 2007
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

Pepperstone and Axi offer varied options for traders in terms of commissions and fees. Pepperstone stands out with its Razor account, designed for high-volume traders using the TradingView, MetaTrader, or cTrader platforms. The Razor account utilizes a commission-based structure, presenting an average spread of 0.10 pips for EUR/USD, which climbs to an all-in cost of 0.80 pips when the commission equivalent is added. In contrast, Pepperstone's commission-free Standard account features a higher average spread of 1.1 pips for the same currency pair, making it a less economical choice compared to the Razor account.

Pepperstone further accommodates high-volume traders through its Active Trader program, offering spread rebates based on monthly trading volume. Professional clients trading in the UK, EU, and Australia can benefit from discounts ranging from 10% to 30% per standard lot, depending on the level of trading activity. Meanwhile, Axi provides limited information regarding their average spreads, which may affect comprehensive comparison with Pepperstone's detailed pricing strategies.

In terms of ratings, Pepperstone scores 4.5 stars out of 5 and ranks 10th out of 63 brokers according to ForexBrokers.com for its competitive fees and commission structure. Axi, on the other hand, receives a commendable rating of 4 stars but ranks significantly lower at 43rd position. This makes Pepperstone a more attractive option for cost-conscious traders seeking greater value in their trading activities.

Feature Pepperstone logoPepperstone
Axi logoAxi
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info 1.00 info N/A info
All-in Cost EUR/USD - Active info 0.70 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info Yes 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

Pepperstone and Axi both provide forex trading options, allowing users to trade as CFDs or spot contracts. Each platform offers a solid selection of 65 tradeable forex pairs. However, Pepperstone distinguishes itself with a considerably larger selection of 1,726 tradeable symbols, compared to Axi's 175. Neither broker provides the option to buy exchange-traded securities on U.S. or international exchanges, such as shares of companies like Apple or Vodafone.

Both brokers support copy trading and offer cryptocurrency derivatives, but neither allows for the purchase of actual cryptocurrencies. In terms of investment range, Pepperstone is rated 4 out of 5 stars, placing it 26th among 63 brokers according to ForexBrokers.com. Axi, on the other hand, is rated 3.5 stars and ranks 56th in the same category, making Pepperstone slightly more favorable for those seeking diverse investment opportunities.

Feature Pepperstone logoPepperstone
Axi logoAxi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 175
Forex Pairs (Total) info 65 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 Pepperstone and Axi in terms of their trading platforms and tools, both brokers provide accessible options like free virtual demo accounts, making it easy for beginners to get started. Pepperstone edges ahead with its proprietary platform, offering more flexibility alongside popular options like MetaTrader 4 and 5. In contrast, Axi doesn’t offer a proprietary platform but supports MetaTrader 4 and includes options like ZuluTrade for copy trading enthusiasts. Both brokers support trading directly from stock charts, yet Pepperstone offers more drawing tools (30 versus Axi's 15), providing enhanced charting capabilities for technical analysis enthusiasts.

In terms of technical indicators and watchlist features, both brokers offer seven columns for watchlists, but specific indicator numbers weren't provided. Pepperstone earns a higher rating of 4 out of 5 stars for its trading platforms and tools, ranked 22nd out of 63 brokers on ForexBrokers.com, highlighting its competitive edge in the industry. On the other hand, Axi holds a rating of 3.5 stars and ranks 63rd, suggesting room for improvement despite offering reliable web and desktop trading options. Both brokers cater effectively to different trader needs, but Pepperstone’s slightly more comprehensive offerings may appeal more to users seeking a wider array of tools.

Feature Pepperstone logoPepperstone
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 Yes No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 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

When comparing the mobile trading apps of Pepperstone and Axi for iPhone and Android users, both platforms offer solid functionality for modern traders. Each broker provides apps for both iOS and Android devices, along with essential features like stock or forex price alerts, and the ability to create watchlists with real-time quotes. Pepperstone and Axi also match in offering 30 technical studies for charting, the ability to draw trendlines, and multiple time frame views for stock and forex charts. However, Pepperstone's app stands out by providing watchlist symbol syncing between mobile and online accounts, as well as auto-saving drawings on charts, whereas Axi does not offer these features.

In terms of user experience, Pepperstone earns a slightly higher rating of 4 stars compared to Axi's 3.5 stars for mobile trading. This higher rating is reflected in Pepperstone's stronger position, ranking 21st out of 63 brokers by ForexBrokers.com, while Axi is placed at 59th. For traders looking for enhanced mobile trading capabilities, Pepperstone's app provides a few key advantages that could make a big difference in day-to-day usage.

Feature Pepperstone logoPepperstone
Axi logoAxi
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 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

Pepperstone and Axi each offer an array of tools and insights aimed at helping traders make informed decisions. Pepperstone stands out with its daily market commentary, giving traders regular updates on market conditions. Both Pepperstone and Axi provide forex news from top-tier sources such as Bloomberg or Reuters, and each offers access to technical analysis tools from Autochartist. However, neither broker features tools from Trading Central or market research from TipRanks or Acuity Trading. Additionally, both platforms offer sentiment-based trading tools showing the ratio of long or short positions, and include comprehensive economic calendars to keep traders informed of global news events.

In terms of ratings, Pepperstone is highly regarded with 4.5 out of 5 stars for research, ranking it 12th out of 63 brokers according to ForexBrokers.com. On the other hand, Axi is rated 3 stars and is placed at 55th in the same category. These scores reflect Pepperstone's more comprehensive market research offerings, making it a suitable choice for traders who prioritize detailed market insights. Meanwhile, Axi provides a solid foundation for traders but may lack some of the additional features that advanced users seek.

Feature Pepperstone logoPepperstone
Axi logoAxi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No 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

Pepperstone and Axi both offer a wealth of educational resources for beginners looking to delve into forex and CFDs trading. Both brokers provide a minimum of 10 educational pieces such as articles, videos, and webinars, dedicated to these topics. They also host monthly online educational webinars to enhance learning. However, Pepperstone sets itself apart by offering a searchable archive of previously recorded webinars, providing learners with the opportunity to revisit past sessions at their convenience. Additionally, both brokers present an investor dictionary with definitions for at least 50 investing terms, supporting novices in understanding complex jargon.

When it comes to video content, both platforms cater to beginners with at least 10 educational videos tailored to newcomers. Nevertheless, Pepperstone excels in offering advanced educational videos that help experienced traders refine their skills, a feature that Axi lacks. This comprehensive educational approach earns Pepperstone a rating of 4.5 stars for education, ranking 17th out of 63 brokers according to ForexBrokers.com, compared to Axi's 3-star rating and 27th position. This makes Pepperstone a more suitable choice for those who prioritize extensive learning resources in their trading journey.

Feature Pepperstone logoPepperstone
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 Pepperstone is better than Axi. Pepperstone finished with an overall rank of #16, while Axi finished with an overall rank of #49.

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Feature Pepperstone logoPepperstone
Axi logoAxi
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 95 82
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 4.5/5 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 Pepperstone or Axi?

Both Pepperstone and Axi do not offer the ability to buy actual, delivered cryptocurrencies, but they do provide options to trade cryptocurrency derivatives.

What funding options does each broker offer?

Pepperstone offers a more diverse range of deposit and withdrawal options compared to Axi, including ACH and SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, while Axi lacks ACH, SEPA, and PayPal options but supports Skrill, Visa, Mastercard, and bank wire transactions.




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 Pepperstone Axi
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 82
Winner check_circle
Review Pepperstone Review
Broker Screenshots Pepperstone 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 Pepperstone Axi
Trust Score info 95 82
Year Founded info 2010 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 3 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Pepperstone 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 Yes 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) Pepperstone Axi
Kenya (CMA Authorised) info Yes No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Pepperstone Axi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 175
Forex Pairs (Total) info 65 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 Pepperstone Axi
Average Spread EUR/USD - Standard info 1.00 info N/A info
All-in Cost EUR/USD - Active info 0.70 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding Pepperstone Axi
Minimum Deposit info $0 $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 Yes No
Trading Platforms Pepperstone 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 Yes No
ZuluTrade info No Yes
Trading Tools Pepperstone Axi
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Pepperstone 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 Yes No
Mobile Charting - Indicators / Studies info 30 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 Pepperstone Axi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education Pepperstone 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 Pepperstone 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 Pepperstone Review
Overall Pepperstone Axi
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 82
Winner check_circle
Review Pepperstone Review
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