IC Markets and AxiTrader are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. IC Markets is regulated by 3 regulatory authorities , including the ASIC, CySEC, FSA. On the other hand, 5 regulatory authorities, including the ASIC, SVG, FSA, DFSA, FCA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare IC Markets with AxiTrader regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if IC Markets is better than AxiTrader. This comparison lets you understand which broker is better for your trading style and preferences.
IC Markets vs AxiTrader: In a Nutshell
IC Markets
Andrew Budzinksi founded IC Markets in 2007 with the aim of using superior technology to provide forex and CFD trading services to both institutional and retail traders. Over the years, the broker has improved in quality and services. It offers true ECN trading with low spreads, high leverage, and fast executions to a global clientele.
ICMarkets Overview
- Founded In: 2007
- Founder: Andrew Budzinksi
- Headquarters: Australia
- Minimum Deposit: $200
- Maximum Leverage: Upto 1000:1 for FSA Jurisdiction, 30:1 for ASIC, CySEC clients.
- Regulations: ASIC, CySEC, and FSA
- Trading platform: MT4, MT5 and cTrader
- Trading Instruments: 2150+ Trading Instruments including Forex, Crypto, Stock, Commodity Indices, Bonds, Futures.
- Account Types: Standard, Standard, Raw (Metatrader, Ctrader)
- Fees: Spread starting from 0.8 Pips(Standard Accounts) or $3 to 3.5 Commission (Raw Accounts)
- Payment Options: bank/wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli.
- US Traders: Not Accepted
AxiTrader
Founded in Sydney, Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries. More than 220 forex and CFDs can be traded on its MT4 platform. The Axi Trading platform will soon be available for real trading. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading. To learn more, you can read our review of AXI
AxiTrader At a Glance
- Founded In: 2007
- Founder: Rajesh Yohannan
- Headquarters: Sydney, Australia
- Trading Instruments: 220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices.
- Minimum Deposit: $0 for standard and pro accounts, 25,000 for Elite account.
- Maximum Leverage: upto 1:500
- Regulations: ASIC, FCA, SVG, FSA, DFSA,
- Trading Fees: spread starting from 0.9 pips for standard account, $7 per lot for pro account, $3.5 per lot for Elite account
- Trading platform: MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps.
- Account Types: Standard, Pro Account, and Elite Account
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, GlobalCollect, JCB, Maestro, Neteller, Ngan Luong, Payment Asia, Poli, Skrill, UnionPay
- Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
- US Clients : Not Accepted
IC Markets vs: AxiTrader Features
IC Markets:
- Regulations:Â ASIC, CySEC, and FSA
- Trading Instruments: 2150+ including Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies
- Â Minimum Deposit:Â $200 or Equivalent
- Maximum leverage: up to 1000:1 in FSA jurisdiction, in some countries, it offers 500:1 leverage, for ASIC, and CySEC entity the brokers offers up to 1:30 leverage.  Â
- Account types:Â Standard Account and Raw Account (Metater, Ctrader)Â
- Fees:Â Spread starting from 0.8Â pips for Standard Account or 3.00 to 3.50 per lot for Raw Account on a single Trip.Â
- PAMM/ MAM:Â Not AvailableÂ
- Scalping:Â AllowedÂ
- News Trading:Â Allowed
- EA/ Robot Trading:Â Allowed
AxiTrader
- Trading Instruments: 220+Trading instruments including Forex, shares, IPOs, Indices, commodities, cryptocurrencies
- Maximum leverage: 500:1, However, AXI offers 1000:1 leverage in some countries
- Minimum Deposit: No Minimum Deposit.
- Account Types: Three ( Standard, Pro, Elite Account)
- Trading Fees: spread starting from 0.9 pips for the standard account, $7 per lot for the pro account, $3.5 per lot for the Elite account
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
IC Markets vs AxiTrader: Pros and Cons
IC Markets
- Fully Regulated broker, ( One tire-1 , jurisdiction, one tire-2 jurisdiction)
- Super fast trade execution speed
- Straightforward registration process
- Low spread, starting from 0 pips.
- Easy and Fast Account Opening
- Free deposit and withdrawal
- Offers standard and raw spread account
- Trading EA is Allowed
- Ability to trade from a mobile device
- A demo Account is available
- Higher minimum deposit
- No investor protection for non-EU Clients
- Limited Product Selection
- No weekend Trading
- US Traders are not accepted
AxiTrader
- A global broker since 2007.
- Regulated by FCA, ASIC, DFSA, and FMA.
- Serves over 60,000 customers in 100+ countries.
- No deposit and withdrawal fees.
- The minimum deposit is as low as $1.
- Allows scalping, EA trading, and news trading.
- Offers passive investment programs like MAM, PAMM, and Zulutrade.
- Maximum leverage is as high as 400:1.
- Offers a wide range of trading instruments including forex, metals, indices, commodities, and cryptocurrencies.
- Spread betting is available for the UK market.
- Spreads are low and start from 0 pips.
- Easy and digital account opening process.
- AutoChartist, MetaTrader 4 NextGen, and PsyQuation are offered.
- Signal providers and free VPS are offered (conditions apply)
- Not regulated by CySEC, a leading regulator for EU countries.
- The demo account expires after 30 days.
- The broker does not offer more advanced platforms like MT5 and cTrader; only MT4 is available.
- The commission is $7 for the pro account, which is a bit high compared to competitors.
- Only forex and CFDs are offered; no real tradable assets are available
IC Markets vs AxiTrader: Side-by-Side Comparison
IC Markets Vs AxiTrader: Our Scores and Ratings
We rated both brokers, IC Markets and AxiTrader, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
IC Markets :
AxiTrader:
Final Verdict :
IC Markets and AxiTrader are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for IC Markets is $200, whereas the minimum deposit for AxiTrader is $0. Additionally, the maximum leverage for IC Markets is 1:1000. In contrast, the maximum leverage for AxiTrader is 1:400. IC Markets offers passive investment programs like MAM and PAMM, while AxiTrader does not have any passive investment programs.
Our score for IC Markets is 9.3, and for AxiTrader, it is 8.7 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose IC Markets. However, if you prefer another forex brokers that offer similar services, you may choose AxiTrader.
