Best Axi Alternatives

logomark Luca Puddu calendar Last Updated: November 2021 timer 4 min read
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Axi is an awarding winning online forex and CFD broker that offers low commissions, tight spreads, good execution speeds as well as several markets. Previously known as AxiTrader, it got rebranding to Axi, it focuses on several financial instruments, including indices, commodities, Bitcoin, and metal.

To make the platform easier to navigate, it has undergone several tweaks. It has comprehensive educational material that ensures new traders understand the dynamics of the market.

Currently, it offers over 80 major currency pairs. Additionally, traders can set leverage to their risk appetite. You can read our comprehensive Axi review that includes various features of the broker. Before diving into the top 10, here’s a resuming chart to let you know why we have chosen these brokers as an alternative:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Axi Alternatives Alternative for Minimum Deposit
IC Markets Scalping, Low spreads, PAMM $0
Pepperstone Scalping, Low Spreads, PAMM, Spread Betting $0*
OctaFX Scalping, Low Spread $5 and $100 (EU traders)
Vantage FX Scalping, Low Spread, Spread Betting $200
Fusion Markets Low spreads, PAMM $0
HotForex Low spreads, Scalping, PAMM $5
XM Low spreads, Scalping $5
XTB Low spreads $0
FXCM Spread Betting $50 ($300 for EU and UK traders)
AvaTrade Spread Betting $100

*200$ suggested by Pepperstone

Table of contents

AXI Scalping and Low Spread Alternatives

Axi offers a competitive spread in the industry. The pro account has spreads starting at 0.0 pips, whereas the standard account starts at 1.0 pips. However, there is no commission charged for both accounts. For new traders, scalping is a good strategy to incorporating into their trading plan.

Axi offers traders scalping that enables them to take little profits from fluctuations in the market. Besides Axi, other brokers offer scalping and low spread alternatives. Here is a list of the top 10 lowest spread forex brokers.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Avg Spreads EUR/USD
IC Markets $0 0.1 pips
Pepperstone $200 0.13 pips
OctaFX $5 and $100 (EU traders) 0.7 pips
Vantage FX $200 0.1 pips
Fusion Markets $0 0.09 pips
XM $5 0.1 pips
XTB $0 0.9 pips

 AXI Algo-Trading Alternatives

If you want trading alternatives to Axi, there are several brokers to consider. You can check our top 10 automated trading forex brokers that offer traders similar features as Axi.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Platforms
IC Markets $0 cTrader and cAlgo, MT4, MT5
Pepperstone $200 cTrader and cAlgo, MT4, MT5, Autochartist
OctaFX $5 and $100 (EU traders) cTrader, MT4, MT5
XM $5 MT4, MT5 with MQL5
HotForex $5 MT4, MT5, Autochartist

AXI PAMM Account Alternatives

If you are looking for percentage allocation money management (PAMM) account alternatives to AXI, there are several brokers to consider. For new traders, PAMM is a trading method that allows traders to pool money primarily to generate profits from trading. You can check our list of the top 10 PAMM forex brokers if you want to open a PAMM trading account.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit N. of Allocation Methods
IC Markets $0 10
Pepperstone $200 3
Fusion Markets $0 3
HotForex $5 6

AXI Spread Betting Alternatives

Axi offers spread betting to traders while competing with other brokers. You can check the top 10 UK spread betting forex brokers to determine the best for your trading activities.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Minimum bet
Pepperstone $200 £0.2 pips
Vantage FX $200 N/A
FXCM $50 ($300 for EU and UK traders) 7p or 7 cents
AvaTrade $100 0.10 per point

Choosing an Axi Alternative: Main perks and characteristics

Axi is an Australian ECN brokers that offer CFDs assets with a tight spread for its pro account. The main features of Axi include low spreads, scalping, and a $0 minimum deposit. Furthermore, it also offers an unlimited demo account for new traders.

Many UK traders favor Axi because of its spread betting that comes with competitive spreads. It offers several trading instrument with top-notch platforms, including MetaTrader 4 and PsyQuation, which is excellent for auto-trading. You can use a valid VPS service alongside to connect the broker using ZuluTrade. The MAM account offers 6 allocation methods for traders. Here is a detailed Axi review that gives you a comprehensive feature of Axi.

What is AXI Missing?

In our review, we found certain things AXI is missing in the industry. Although a reputable online forex broker, you can check the top 10 best forex brokers to know if AXI has all you need. Notwithstanding the benefits it provides traders in the industry, here are some things AXI is missing.

Axi Alternatives Comparison

Before choosing a broker, you might want to consider the different features they offer. In this section, we compare Axi with its competitors in the financial industry.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Feature Minimum Deposit Low spreads Spread Betting Execution
Axi $0 Yes Yes ECN
IC Markets $0 Yes No ECN
Pepperstone $0* Yes Yes ECN/STP
OctaFX $5 and $100 (EU traders) Yes No ECN/DMA
Vantage FX $200 Yes Yes STP/ECN
Fusion Markets $0 Yes No NDD
HotForex $5 Yes No ECN/STP
XM $5 Yes No Market Maker
XTB $0 Yes No DMA
FXCM $50 ($300 for EU and UK traders) No Yes STP
AvaTrade $100 No Yes Market Maker

*200$ suggested by Pepperstone

Axi Alternatives FAQ

What is AXI’s best alternative?

The best alternative for Axi is IC Markets. However, for scalping, IC Markets remains the best alternative. Furthermore, if you want a broker that offers spread betting, the best alternative to Axi is Pepperstone. In terms of functionalities of the PAMM account, IC Markets stands out. For algo trading, IC Markets outclass other brokers.


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69.6% of retail investor accounts lose money

About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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