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 |
When comparing FP Markets and Axi in terms of commissions and fees, FP Markets emerges as the more affordable choice for many traders, especially those using a commission-based ECN account. FP Markets is celebrated for its cost-effective trading options, offering competitive pricing through both MetaTrader and cTrader platforms. Among 62 brokers, it ranks as the 6th best according to ForexBrokers.com, earning a stellar five-star rating for its commission and fee structure.
FP Markets also provides Direct Market Access (DMA) with its Iress CFD offering, although this option is better suited for active traders with higher account balances due to its relatively steep fees. The Raw ECN account stands out with spreads averaging 0.1 pips, making it a cost-effective choice. In contrast, Axi has a solid four-star rating, ranking 44th out of 62 brokers by ForexBrokers.com, but details on its average spread data are not readily available to make a direct comparison.
For traders in Australia, FP Markets offers Iress platform accounts with varying deposit requirements, catering to different levels of trader activity. For those interested in a more budget-friendly option, the Iress Investor Account offers lower costs without streaming data. Meanwhile, Axi doesn't provide as much detailed breakdown of its fee structure, which can make it harder for traders to gauge the exact costs involved.
| 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 it comes to the variety of investments available, FP Markets shines with a staggering 10,000 tradeable symbols, far outpacing Axi's offering of 175. Both brokers provide forex trading as CFDs or spot contracts, though FP Markets again leads with 71 forex pairs compared to Axi's 65. Unfortunately, neither FP Markets nor Axi allows clients to invest in exchange-traded securities on U.S. or international exchanges. Additionally, while both platforms offer copy trading and the ability to trade cryptocurrency derivatives, they don't support buying actual cryptocurrencies.
FP Markets earns a higher rating for its range of investments, scoring 4.5 out of 5 stars compared to Axi's 3.5 stars. This difference is reflected in their rankings; FP Markets secures the 18th spot for Range of Investments out of 62 brokers on ForexBrokers.com, while Axi is positioned further down the list at 55. Both platforms have their strengths, but when it comes to the availability of tradeable assets, FP Markets clearly holds the edge.
| 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 considering FP Markets and Axi for trading platforms and tools, both brokers offer simulated trading with free virtual demo accounts, making them accessible for beginners. However, an appealing difference is FP Markets' proprietary platform, setting it apart from Axi, which does not have one. Both brokers provide compatibility with MetaTrader 4, but for those considering upgrading their trading software, FP Markets supports MetaTrader 5, while Axi does not. Both brokers offer Windows-based desktop platforms and convenient web-based options, ensuring traders have flexibility. Notably, both FP Markets and Axi allow trading directly from stock charts, enhancing the ease of execution.
FP Markets provides a slightly broader range of charting tools than Axi, with 17 drawing tools compared to Axi's 15. Additionally, both brokers support copy trading, though Axi offers ZuluTrade for advanced social trading features, which FP Markets does not. Each broker provides seven columns for watchlists, allowing thorough market monitoring. In terms of recognition, FP Markets enjoys a higher rating of 4 stars for their trading platforms and tools and ranks #23 out of 62 brokers per ForexBrokers.com, significantly ahead of Axi, which holds a 3.5-star rating and ranks last at #62. This suggests a more favorable user experience at FP Markets, making it a compelling choice for those seeking a comprehensive and user-friendly trading platform.
| 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.
For traders on the go, both FP Markets and Axi offer convenient mobile trading apps available for iPhone and Android devices. These platforms provide essential features like stock and forex price alerts, the ability to draw trendlines on charts, and access to multiple time frames for chart analysis. While both allow the creation of watchlists with real-time quotes, neither platform offers syncing for watchlist symbols between the mobile app and an online account. FP Markets stands out with its use of the MetaTrader platform, offering a flexible experience that supports the auto-saving of drawings on charts, a feature that is missing from Axi's app.
When it comes to charting tools in their mobile apps, Axi provides 30 technical studies, offering more options for detailed analysis compared to FP Markets. However, FP Markets receives a higher overall rating of 4 out of 5 stars for its mobile app, reflective of its ranking at #18 out of 62 brokers according to ForexBrokers.com. On the other hand, Axi trails slightly with a 3.5-star rating and ranks #59 in the same category. Whether you prioritize a more extensive set of charting tools or a higher-rated overall experience, both apps offer valuable resources for effective trading on the move.
| 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.
FP Markets and Axi stand as notable online brokers, distinguished by their offerings in market research, particularly appealing to traders seeking valuable insights. FP Markets impresses with daily market commentary, delivering timely updates, unlike Axi, which lacks this feature. Both brokers provide essential forex news from respected sources like Bloomberg and Reuters, ensuring traders stay informed. Autochartist tools are available with both brokers, offering valuable technical analysis and research. However, FP Markets goes a step further by also featuring tools from Trading Central, which Axi does not provide. Sentiment-based trading tools are accessible on both platforms, helping traders gauge market tendencies.
While neither FP Markets nor Axi provides research tools from TipRanks or Acuity Trading, they both furnish an economic calendar covering global events. FP Markets distinguishes itself with a higher research rating of 4 stars, compared to Axi's 3 stars, reflecting a more comprehensive research experience for users. According to ForexBrokers.com, FP Markets ranks 25th out of 62 brokers in the Research category, whereas Axi is positioned at 55th. Such distinctions underscore FP Markets as a more favorable choice for traders emphasizing market research capabilities.
| 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.
For those new to trading, FP Markets and Axi both provide a variety of educational resources to help beginners get started with forex and CFDs. FP Markets offers a comprehensive suite of educational content, including more than 10 articles, videos, and archived webinars focused on forex and CFDs. They also conduct at least one client webinar each month, with a searchable archive of past webinars available online. Beginners can find over 10 videos tailored to their level, along with an extensive investor dictionary to help them understand key investing terms. Advanced traders aren't left behind, with FP Markets providing more than 10 educational videos to deepen their knowledge.
Axi also provides new traders with a range of educational materials, including more than 10 initial pieces centered on forex and CFDs. Their monthly client webinars are a valuable resource, but they do not have a searchable archive of past webinars for users to revisit. Like FP Markets, Axi has over 10 beginner-focused trading videos and an investor dictionary to assist in learning financial lingo. However, Axi does not offer advanced educational videos specifically aimed at seasoned traders. When looking at ratings and rankings, FP Markets edges ahead with a 4-star rating and a #23 rank in the Education category out of 62 brokers, compared to Axi's 3-star rating and a #26 rank.
| 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 62 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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