Head to head
Axi vs IC Markets
Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. IC Markets is licensed by ASIC in Australia, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. 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 $0 at Axi and $0 at IC Markets. Neither offers negative balance protection. Both offer segregated client money.
Facts last checked: Axi on 20 October 2026, IC Markets on 20 October 2026.
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
Comparing
AxiAustralia
IC MarketsRaw Spread (MetaTrader) account · Australia
Overview
Founded
2007
Not yet checked
Headquarters
Sydney, Australia
Sydney, Australia
Official websites
- axi.com
- axi-solaris.com
- icmarkets.com
- icmarkets.sc
- icmarkets.eu
- icmarkets.com.au
- icmarkets.bs
- ic.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
AxiCorp Financial Services Pty Ltd
International Capital Markets Pty Ltd
Regulation level
Strictly regulated
Strictly regulated
Clients this company serves
Australian residents
Australian residents
All licences held
- ASIC (Australia)
- FCA (United Kingdom)
- CySEC (European Union)
- DFSA (Dubai (DIFC), UAE)
- ASIC (Australia)
- CySEC (European Union)
- SCB (The Bahamas)
- FSA Seychelles (Seychelles)
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the St Vincent company
ICF up to €20,000 (IC Markets EU only); none for the Seychelles or Bahamas companies
Costs
Your monthly cost
No accounts listed
$80$8 per lot × 10 lots
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
Leverage and margin
1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
1:30 (EU, Australia); up to 1:5000 at the Seychelles company
Retail leverage by asset class
- Major currency pairs (UK: 1:30
- Currency pairs (St Vincent company): up to 1:1000
- Major currency pairs (EU and Australian retail): 1:30
- All account types (Seychelles company): Up to 1:5000
Stop-out level
20% (liquidation level, St Vincent company)
50%
Account
Minimum deposit (this account)
No accounts listed
$0
Platforms and features
Platforms
- Axi Trading Platform
- MetaTrader 4
- MetaTrader 5
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
- Web platform
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
Forex, commodities, indices, metals, bonds, share CFDs and crypto CFDs (2,250 instruments on MetaTrader)
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
- Bank transfer
- Debit or credit card
- Credit card
- Debit card
- PayPal
- Neteller
- Skrill
- Bank transfer
- Cryptocurrency
- UnionPay
- Broker to broker transfer
Withdrawal fee
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
Not yet checked
Inactivity fee
10 a month in USD, EUR, GBP and most other account currencies after 12 months without trading (St Vincent company)
Not yet checked
Support
Customer support
Not yet checked
24 hours a day, Monday to Sunday
Our notes
Strengths
- 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
- Australian and EU companies licensed by strict regulators (ASIC and CySEC)
- Published average EUR/USD spread of 0.1 pips on the Raw Spread account, with commission set out per currency
- Client money held in segregated accounts, according to each IC company
- Wide platform choice, including cTrader and TradingView
Watch out for
- 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.
- International clients join Raw Trading Ltd, regulated only in Seychelles (offshore), where leverage goes up to 1:5000
- The Seychelles company's risk warning says losses may exceed the amount you deposit
- The Standard account's typical spread is not published (it quotes "from 0.8 pips")
- Brand changing from IC Markets to IC, with several regional domains; check you are on one listed here
Choose at least one broker above to start comparing.
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:
- 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.
- IC Markets: Risk Warning: Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our Risk Disclosure.
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- eToro vs IC Markets
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- FIBO Group vs IC Markets
- FP Markets vs IC Markets
- FXCM vs IC Markets
- FxPro vs IC Markets
- HYCM vs IC Markets
- IC Markets vs IFC Markets
- IC Markets vs IG
- IC Markets vs Interactive Brokers
- IC Markets vs Inveslo
- IC Markets vs Investizo
- IC Markets vs ITBFX
- IC Markets vs LiteFinance (LiteForex)
- IC Markets vs Markets4you
- IC Markets vs OANDA
- IC Markets vs OneRoyal
- IC Markets vs Opofinance
- IC Markets vs Orbex
- IC Markets vs Pepperstone
- IC Markets vs Plus500
- IC Markets vs Saxo
- IC Markets vs STB Provider
- IC Markets vs Swissquote
- IC Markets vs ThinkMarkets
- IC Markets vs Tickmill
- IC Markets vs Trendo
- IC Markets vs Vittaverse
- IC Markets vs Wingo Markets
- IC Markets vs WM Markets
- IC Markets vs XChief
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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.