Axi vs Pepperstone: Comparison and Analysis

Axi vs Pepperstone: A Comprehensive Comparison Summary

Security

Axi is regulated by ASIC, DFSA, FCA, and SV, while Pepperstone is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA. Both brokers have high-security ratings, with Axi rated at 95 and Pepperstone rated at 94.

Winner: Axi

Demo Accounts

Axi offers a demo account with a duration of 30 days and virtual funds of $50,000. Multiple Axi demo sub-accounts can be opened with the same email address. On the other hand, Pepperstone provides a demo account with a duration of 30 days for MT4 and MT5 accounts, and unlimited duration for cTrader accounts, with virtual funds of $50,000.

Winner: Tie

Account Opening

Axi has no minimum deposit requirement, while Pepperstone suggests a minimum deposit of $200. Axi supports multiple account currencies, including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. Pepperstone offers over 10 base currencies, including USD, EUR, AUD, GBP, to help traders avoid currency conversion fees. Both brokers accept wire transfers, credit/debit cards, eWallets, and various local payment methods. Axi provides a wider range of account options, including Standard account, Pro account, Elite account, Islamic account, and Professional account for advanced traders. Pepperstone offers a variety of accounts, including Standard account, Razor account, Spread Betting account, MAM/PAMM account, and Professional account for advanced traders.

Winner: Axi

Social-Copy Trading

Axi provides a proprietary copy/social trading mobile app and supports social trading through the third-party platform Myfxbook. On the other hand, Pepperstone allows traders to engage in copy-social trading through third-party platforms like Duplitrade and Myfxbook.

Winner: Pepperstone

Markets

Axi provides access to a variety of markets, including Forex (70+), Commodities (11), Indices (30+), Stocks (100), ETFs (20+), and Crypto (29). Pepperstone offers a range of markets, including Forex (70), Commodities (15), Indices (14), Crypto assets (70), and Stocks (60+). Both brokers offer CFD assets for trading, making them suitable for short-term investors.

Winner: Axi

Trading Fees

Axi offers variable spreads starting from 0.4 pip on Forex for standard accounts or from 0 pips with a $7 round-turn commission for pro accounts. Stocks commissions are 0% on their CFD stocks. Pepperstone provides variable spreads starting from 0 pip on Forex, which is lower than the market average. They also charge commissions per lot traded, up to $7 per lot. Pepperstone charges variable spreads on stocks as well.

Winner: Pepperstone

Platforms

Axi offers the popular MetaTrader 4 (MT4) platform, available via desktop, web, and mobile devices. They also provide Psyquation, an AI-powered analytics platform available via webtrader, and AxiOne, a webtrader platform for UK clients engaging in spread betting. Pepperstone offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms, all available via webtrader, desktop, and mobile devices. Pepperstone’s platforms allow traders to engage in algo trading, and they also offer VPS services.

Winner: Tie

Education/Customer Care

Axi provides a wide range of educational materials, including webinars, seminars, MT4 video tutorials, a free eBook, blog, courses, and a glossary. Their customer care is easily accessible via phone, email, and live chat. Pepperstone offers a good range of educational materials, including webinars and beginner-focused content. They have won the “Best Customer Service in Europe” award in 2019. Pepperstone’s customer care can be contacted via email, telephone, and live chat, with support available in over 12 languages.

Winner: Tie

Conclusion

In conclusion, Axi and Pepperstone have their strengths and weaknesses. Axi excels in security, account opening options, social-copy trading, markets, and platform variety. Pepperstone stands out in terms of lower spreads on Forex, a wide range of base currencies, and availability of copy-social trading platforms.

Considering all factors, if security, account opening options, social-copy trading, markets, and platform variety are important to you, Axi may be the better choice. However, if lower spreads on Forex, a wide range of base currencies, and access to copy-social trading platforms are priorities, Pepperstone could be the preferred option.

Winner: Pepperstone