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Head to head

Axi vs ITBFX

Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. ITBFX has no licence we could confirm on a regulator's register. 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 $10 at ITBFX. Neither offers negative balance protection. Both offer segregated client money.

Facts last checked: Axi on 20 October 2026, ITBFX on 29 October 2026.

Axi profileITBFX 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
AxiStrictly regulatedRead the profile
ITBFXRead the profile
Comparing
AxiAustralia
ITBFX

Overview

Founded
2007
2017
Headquarters
Sydney, Australia
Rodney Bay, Gros-Islet, Saint Lucia
Official websites
  • axi.com
  • axi-solaris.com
  • itbfx.com
  • itbfx.net
Facts last checked
20 October 2026
29 October 2026

Regulation and protection

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

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
1:30 on major pairs (UK, EU, Australia); up to 1:1000 at the St Vincent company
Up to 1:500 (ECN account)
Retail leverage by asset class
  • Major currency pairs (UK: 1:30
  • Currency pairs (St Vincent company): up to 1:1000
  • Forex and metals (Nano): 1:200
  • Forex, metals, indices and crypto (Standard): 1:400
  • Gold and silver (Gold): 1:400
  • Forex, metals, indices, crypto and shares (ECN): 1:500
  • Cryptocurrencies (Crypto): 1:10 to 1:50
  • Shares (Stock): 1:10
Margin call level
Not yet checked
Not yet checked
Stop-out level
20% (liquidation level, St Vincent company)
15% Gold; 20% Nano and Standard; 30% ECN; 40% Crypto and Stock

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
  • Axi Trading Platform
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 5
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
CFDs on forex, gold and silver, indices, energies, shares and cryptocurrencies
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
  • Bank transfer
  • Debit or credit card
  • Cryptocurrency
  • Local currency exchange services
Withdrawal fee
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
None charged by ITBFX, says its FAQ; the agreement allows a 3% charge, or a refund of deposit fees, if you withdraw without trading
Inactivity fee
10 a month in USD, EUR, GBP and most other account currencies after 12 months without trading (St Vincent company)
Up to US$5 a month per account after six months without trading

Support

Customer support
Not yet checked
24/7 by live chat, phone, WhatsApp, Telegram, email and ticket, in Persian, English, Arabic and other languages

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
  • Six account types on MetaTrader 5, with a demo version of each
  • The Nano account opens from $10 and trades in steps of 0.001 lots
  • Swap-free (Islamic) option on request
  • The client agreement says client money is held in segregated accounts
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.
  • Says it is regulated by the Mwali International Services Authority (MISA) but publishes no licence number; we could not confirm a licence on MISA's register on 2026-10-29 (the register sits behind a bot check).
  • The BVI Financial Services Commission's Public Statement 2 of 2020 says www.itbfx.com circulated a forged BVI investment business licence and has never been licensed in or from the BVI.
  • No negative balance protection: the account risk warnings say losses can exceed your deposit, and the agreement makes you pay any shortfall within two working days.
  • The website names International Trading Brachium Ltd (Saint Lucia), while the client agreement names ITB Limited (Seychelles); neither is a licensed firm on any register we checked.

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.
  • ITBFX: Before trading, you should ensure that you’ve undergone sufficient preparation and fully understand the risks involved in margin trading.

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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