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Head to head

Alpari vs Axi

Alpari has no licence we could confirm on a regulator's register. Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $30 at Alpari and $0 at Axi. Neither offers negative balance protection. Only Axi offers segregated client money.

Facts last checked: Alpari on 20 October 2026, Axi on 20 October 2026.

Alpari profileAxi profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
AlpariRead the profile
AxiStrictly regulatedRead the profile
Comparing
Alpari
AxiAustralia

Overview

Founded
1998
2007
Headquarters
Fomboni, Mohéli, Comoros
Sydney, Australia
Official websites
  • alpari.com
  • axi.com
  • axi-solaris.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
No licence listed
AxiCorp Financial Services Pty Ltd
Regulator
No licence listed
ASIC
Australia
Regulation level
No licence listed
Strictly regulated
Licence number
No licence listed
AFSL 318232
Check the register
Clients this company serves
No licence listed
Australian residents
All licences held
None listed
  • ASIC (Australia)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • DFSA (Dubai (DIFC), UAE)
Segregated client money
No
Yes
Negative balance protection
No
No
Compensation scheme
None
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the St Vincent company

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
Up to 1:3000 (ECN and Pro ECN); 1:1000 on Standard; 1:500 on Micro
1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
Retail leverage by asset class
  • Micro account: Up to 1:500
  • Standard account: Up to 1:1000
  • ECN and Pro ECN accounts: Up to 1:3000 (floating)
  • Major currency pairs (UK: 1:30
  • Currency pairs (St Vincent company): up to 1:1000
Margin call level
50% on Micro and Standard; 80% on ECN and Pro ECN
Not yet checked
Stop-out level
20% on Micro and Standard; 50% on ECN and Pro ECN
20% (liquidation level, St Vincent company)

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Alpari trading app
  • Axi Trading Platform
  • MetaTrader 4
  • MetaTrader 5
Markets
Forex, metals, indices, commodities, cryptocurrencies, stocks, ETF, futures and crosses CFDs
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
Demo account
Yes
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Debit or credit card
  • Bank wire
  • E-wallet
  • Cryptocurrency
  • Local payment methods
  • Bank transfer
  • Debit or credit card
Withdrawal fee
Varies by method; the fee is taken from the amount withdrawn
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
Inactivity fee
Not yet checked
10 a month in USD, EUR, GBP and most other account currencies after 12 months without trading (St Vincent company)

Support

Customer support
Live chat, chatbot, messengers and phone helpline
Not yet checked

Our notes

Strengths
  • Four account types, from a $30 Micro account to a raw-spread Pro ECN account
  • Commission-free Micro, Standard and ECN accounts
  • MetaTrader 4 and 5, PAMM investing and a demo account
  • Licensed by ASIC, the FCA and CySEC, all strict regulators
  • Published commissions per currency on the Premium account (for example $4.50 or €4.00 per standard contract)
  • Bank transfers and payments under US$50,000 a month are free to deposit
Watch out for
  • Says it holds Mwali International Services Authority (MISA) licence T2023236; we could not confirm it on MISA's register on 2026-10-20, because the register sits behind a bot check
  • No licence from a strict regulator; not available to UK or EU residents
  • We found no statement on its site about segregated client money or negative balance protection
  • Leverage up to 1:3000, and deposit bonuses that come with conditions
  • International clients join AxiTrader LLC, a St Vincent and the Grenadines company (4303 LLC 2025) that is registered, not licensed; its risk warning says you can lose substantially more than your initial investment.
  • Axi publishes minimum spreads only, not typical spreads
  • The St Vincent company charges a monthly inactivity fee after 12 months and may charge US$25 for withdrawals under US$50
  • The FSCA's OTC derivative provider list shows AxiCorp Financial Services Pty Ltd's application as Withdrawn, so Axi has no South African licence we could confirm.

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Alpari: Before trading, you should ensure that you've undergone sufficient preparation and fully understand the risks involved in margin trading.
  • Axi: Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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