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FP Markets vs Axi (2026): Which Broker Is Actually Better?
We compare FP Markets against Axi across spreads, regulations, platforms, and trading costs. Read our algorithmic breakdown and expert verdict to find out which broker suits your trading style in 2026.
Verdict: It's a Tie
Both FP Markets and Axi offer exceptional trading environments with distinct strengths. FP Markets is ideal for ecn traders, scalpers & australian clients, while Axi excels for scalpers, copy traders & australian ecn clients. Your choice should depend entirely on whether you prioritize true ecn pricing from 0.0 pips or no minimum deposit.
FP Markets vs Axi: Side-by-Side Comparison
| Feature | | |
|---|---|---|
| Founded | 2005 | 2007 |
| Overall Rating | 4.5/5.0 | 4.3/5.0 |
| Minimum Deposit | $100 | $0 |
| EUR/USD Spread | 0.0 pips (Raw) | 0.0 pips (Pro) |
| Maximum Leverage | 1:500 | 1:500 |
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | No |
| cTrader | Yes | No |
| TradingView | No | No |
| Copy Trading | Yes | Yes |
| Forex Pairs | 70+ | 70+ |
| Deposit Methods | Card, Bank, Skrill, Neteller, Crypto | Card, Bank, Skrill, Neteller, Crypto |
| Withdrawal Speed | Same day to 1 business day | 1-2 business days |
| Execution Type | ECN / DMA | STP / ECN |
FP Markets vs Axi: Fee Breakdown
When comparing the trading costs between FP Markets and Axi, it's essential to look beyond just the advertised spreads. We must factor in commissions, swap rates, and non-trading fees like deposit or inactivity charges. FP Markets offers pricing characterized by $3/lot (Raw) alongside 0.0 pips (Raw) spreads. In contrast, Axi utilizes a model with $3.50/lot (Pro) and 0.0 pips (Pro) spreads. For active, high-volume traders, either broker provides the superior cost-efficiency curve.
| Fee Type | FP Markets | Axi |
|---|---|---|
| EUR/USD Spread | 0.0 pips (Raw) | 0.0 pips (Pro) |
| Commission Defaults | $3/lot (Raw) | $3.50/lot (Pro) |
| Execution Model | ECN / DMA | STP / ECN |
| Deposit Fees | None | None |
| Withdrawal Speed | Same day to 1 business day | 1-2 business days |
Safety & Regulation: Is FP Markets or Axi Safer?
Trust is paramount in forex trading. Both FP Markets and Axi are highly regulated entities, but their jurisdictional footprints differ. FP Markets is armed with 2 Tier-1 licenses and has been securing client funds since 2005. Axi, licensed since 2007, counters with 3 Tier-1 regulatory bodies overseeing its operations. Axi holds a slight edge with more top-tier authorities. Both brokers employ strict client fund segregation.
FP Markets
Tier 1- Regulators:ASIC (Australia)CySEC (Cyprus)SVG FSA
- Investor Protection: Segregated client funds / €20,000 ICF
- Licensed Since: 2005
Axi
Tier 1- Regulators:ASIC (Australia)FCA (UK)FMA (New Zealand)DFSA (Dubai)
- Investor Protection: Segregated client funds / FSCS £85k (UK)
- Licensed Since: 2007
Platform & Tools Comparison
The software you trade on dictates your execution speed and analytical depth. Both brokers provide industry stalwarts, but divergencies exist. FP Markets equips its clients with MT4, MT5, cTrader, IRESS. Axi, on the other hand, grants access to MT4, Axi App, AxiTrader. If you rely on third-party EA automation, this section heavily dictates your broker choice.
| Feature | FP Markets | Axi |
|---|---|---|
| MetaTrader 4 | ||
| MetaTrader 5 | ||
| cTrader | ||
| TradingView | ||
| Proprietary Environment | Yes (IRESS) | Yes (Axi App) |
| Copy Trading Network |
Pros & Cons: FP Markets vs Axi
FP Markets
Pros
- True ECN pricing from 0.0 pips
- ASIC and CySEC regulated
- cTrader and IRESS platforms
- Over 10,000 tradable instruments
- Excellent execution speeds
Cons
- $100 minimum deposit
- IRESS platform has additional fees
- Limited educational content
Axi
Pros
- No minimum deposit
- ASIC, FCA and FMA regulated
- Axi Copy Trading platform
- Autochartist and PsyQuation tools
- Free VPS for qualifying clients
Cons
- No MT5 or cTrader
- Limited product range vs larger brokers
- No TradingView integration
Expert Verdict: FP Markets vs Axi
When we place FP Markets and Axi side-by-side, we observe two distinct philosophies in client servicing. FP Markets, licensed since 2005, has carved out a massive niche focusing on ecn traders, scalpers & australian clients. Their execution model heavily leans into ECN / DMA, and their platform environment highlights MT4.
Conversely, Axi, operational out of Sydney, Australia, has architected its infrastructure predominantly for scalpers, copy traders & australian ecn clients. Their $3.50/lot (Pro) commission structure combined with 0.0 pips (Pro) spreads makes them a formidable competitor.
The Bottom Line: If your primary directive is true ecn pricing from 0.0 pips, and you intend to start with a minimum of $100, FP Markets is the logical path forward. If, however, you value no minimum deposit and require MT4, Axi edges out the competition and earns our recommendation.
FP Markets vs Axi: Frequently Asked Questions
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Risk Warning: Forex and CFD trading involves significant risk of loss. 68–80% 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.|Affiliate Disclosure: We may receive compensation from the brokers listed on this page. This does not influence our rankings or reviews, which are based on independent analysis.
Comparison data updated February 2026. Broker terms, spreads, and conditions vary by region and account type. See our methodology | Full Disclaimer | Privacy Policy