Written by ForexBrokers.com
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.
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.
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
|
Axi
|
|---|---|---|
| Year Founded | 2010 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
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
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
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
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 175 |
| Forex Pairs (Total) | 65 | 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 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
|
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 | Yes | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
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
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
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
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | 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.
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
|
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 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
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Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 82 |
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Both Pepperstone and Axi do not offer the ability to buy actual, delivered cryptocurrencies, but they do provide options to trade cryptocurrency derivatives.
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.
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 | Pepperstone | Axi | |
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| Trust Score | 95 | 82 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | Axi | |
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| Regulation | Pepperstone | Axi | |
|---|---|---|---|
| Trust Score | 95 | 82 | |
| Year Founded | 2010 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | 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) | Yes | 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) | Pepperstone | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 175 | |
| Forex Pairs (Total) | 65 | 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 | Pepperstone | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Yes | No |
| Trading Platforms | Pepperstone | 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 | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Pepperstone | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Pepperstone | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | 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 | Pepperstone | 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 | Pepperstone Review |
| Overall | Pepperstone | Axi | |
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| Trust Score | 95 | 82 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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