Comparison
Axi vs. IC Markets

Axi vs. IC Markets

Axi and IC Markets are two well-known Forex brokers, especially for scalpers and high-frequency traders. While traders get raw spreads from 0.0 pips and maximum leverage of 1:500 at Axi and IC Markets, the latter presents lower trading costs and a broader asset selection.

The trusted MT4 trading platform is available at both brokers, but IC Markets additionally presents MT5 and cTrader. Axi features the AI-powered third-party trading analytics platform PsyQuation, Autochartist, and six MT4 plugins. IC Markets upgrades the core MT4 trading platform with 20 unique plugins, elevating the sub-standard version into a cutting-edge solution.

High-quality education and research exist at Axi and IC Markets, extending their similarities. Both brokers support copy trading, offer MAM/PAMM accounts and VPS hosting.

We have conducted an in-depth review of Axi and IC Markets to determine which one presents the better overall choice and from which traders will benefit the most.

Features and Platforms
Available Markets
Typical Spreads and Fees
Security and Trust
Axi vs. IC Markets - Verdict


Headquarters	Australia	Australia
Regulators	N/A	ASIC, CySEC, FSA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2007	2010
Execution Type(s)	ECN/STP, Market Maker	ECN/STP
Minimum Deposit	0$	$200
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Web-based, ATpro platforms	MetaTrader 4, MetaTrader 5, cTrader
Average Trading Cost EUR/USD	1.2 pips	0.0 pips ($0.00)
Average Trading Cost GBP/USD	1.3 pips	0.0 pips ($0.00)
Average Trading Cost WTI Crude Oil	$0.03	$0.03
Average Trading Cost Gold	$0.16	$0.05
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Get Started	Get Started

Features and Platforms


MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Get Started	Get Started

Noteworthy:

IC Markets offers a commission of $6.00 per 1.0 standard lot in its cTrader platform versus $7.00 in MT4/MT5. Axi has an Elite account, where commissions drop to $3.50 for a $25,000 minimum deposit.

Available Markets


Currency Pairs	N/A
Cryptocurrencies	N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds	N/A
ETFs
Futures
Synthetics
	Get Started	Get Started

Axi presents Forex traders with 75 currency pairs and a well-balanced choice of commodity and index CFDs. Overall, the available markets remain below average in quantity, except for Forex. IC Markets provides traders with an outstanding selection of trading instruments, with the bulk consisting of 1,650+ equity CFDs and 61 currency pairs.

Typical Spreads and Fees


Average Trading Cost EUR/USD	1.2 pips	0.0 pips ($0.00)
Average Trading Cost GBP/USD	1.3 pips	0.0 pips ($0.00)
Average Trading Cost WTI Crude Oil	$0.03	$0.03
Average Trading Cost Gold	$0.16	$0.05
Average Trading Cost Bitcoin	$18	$12.47
	Get Started	Get Started

Both brokers offer raw spreads to Forex traders from 0.0 pips for a commission of $7.00 in the MT4 trading platform, but IC Markets lowers the trading cost to $6.00 for cTrader. Neither broker features volume-based cash rebates but grant traders access to ECN.

Security and Trust


Country of the Regulator	Australia, The Bahamas, Cyprus, Seychelles
Name of the Regulator	ASIC, CySEC, FSA
Regulatory License Number	335692, SD018, SIA-F214, 362/18
Regulatory Tier	1, 4, 4, 1
	Get Started

Axi and IC Markets maintain well-regulated and trusted Forex trading environments with sclean regulatory track records. Most international traders at Axi will deal with the duly registered but unregulated subsidiary operating out of St. Vincent and Grenadines.

Axi vs IC Markets – Verdict

Axi

Pros	Cons
No minimum deposit and high leverage for most international traders	Limited asset selection
Autochartist plugin for MT4 and API trading for algorithmic traders
AI-powered third-party trading analytics platform PsyQuation
Excellent trading costs and social trading plus educational resources in 24 languages

IC Markets

Pros	Cons
Excellent choice of trading platforms consisting of MT4/MT5, and cTrader	Minimum deposit slightly higher but within a reasonable range
Market-leading MT4 upgrade package, MAM/PAMM accounts, and VPS hosting
Social trading support via Myfxbook, MetaTrader Signals, and ZuluTrade
Leverage of up to 1:500, deep liquidity, and superb trade execution

Axi and IC Markets share many similarities. Overall, IC Markets comes out ahead due to lower trading costs, more assets, and superior MT4 trading experience.

Axi is an excellent Forex broker with high leverage, fast order execution, and low trading costs. Beginner traders get a quality educational offering, and Axi upgrades the MT4 trading platform with Autochartist and plugins.

You might also be interested in reviewing the below broker comparisons:

Read full Axi Review

Read full IC Markets Review

FAQs

Is Axi a good broker?

Is IC Markets a good broker?

IC Markets ranks among the top brokers globally, with a trading environment tailored towards algorithmic traders. The asset selection, trade execution, and upgrades to the MT4 trading platform remain among the most competitive ones.

Is IC Markets good for scalping?

IC Markets is excellent for scalping, as it provides ideal trading conditions for scalpers.