Head to head
Axi vs Orbex
Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. Orbex is licensed by FSC Mauritius in Mauritius (international clients), 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 $100 at Orbex. Only Orbex offers negative balance protection. Both offer segregated client money.
Facts last checked: Axi on 20 October 2026, Orbex 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
OrbexMauritius (international clients)
Overview
Founded
2007
2011
Headquarters
Sydney, Australia
Ebène, Mauritius
Official websites
- axi.com
- axi-solaris.com
- orbex.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
AxiCorp Financial Services Pty Ltd
Orbex Global Ltd
Regulation level
Strictly regulated
Regulated
Licence number
AFSL 318232
Check the register
Check the register
C118023330 (SEC-2.1B Investment Dealer)
Check the register
Check the register
Clients this company serves
Australian residents
International clients; Orbex's trading terms name Orbex Global Limited as the counterparty
All licences held
- ASIC (Australia)
- FCA (United Kingdom)
- CySEC (European Union)
- DFSA (Dubai (DIFC), UAE)
- FSC Mauritius (Mauritius (international clients))
- FSA Seychelles (Seychelles (international clients))
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
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
Up to 1:500 (1:30 by default when the account is opened)
Retail leverage by asset class
- Major currency pairs (UK: 1:30
- Currency pairs (St Vincent company): up to 1:1000
- All CFDs, up to 19.99 lots open: Up to 1:500
- All CFDs, 20 to 39.99 lots open: 1:300
- All CFDs, 40 lots or more open: 1:100
Stop-out level
20% (liquidation level, St Vincent company)
20%
Account
Minimum deposit (this account)
No accounts listed
No accounts listed
Platforms and features
Platforms
- Axi Trading Platform
- MetaTrader 4
- MetaTrader 5
- MetaTrader 4
- MetaTrader 5
- MT4 and MT5 web terminals
- Orbex mobile app
- FIX API
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
400+ CFDs on forex, stocks, metals, indices, energies and futures
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Yes
Guaranteed stops
Not yet checked
Not yet checked
Deposits and withdrawals
Deposit methods
- Bank transfer
- Debit or credit card
- Visa
- Mastercard
- Skrill
- Neteller
- Perfect Money
- UnionPay
- Bank wire
- Local payment methods
Withdrawal fee
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
0% from Orbex on cards and e-wallets listed on its funding page
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
24/5 live chat, email and phone, plus call-back requests
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
- Orbex Global Ltd is on the FSC Mauritius register as an investment dealer (SEC-2.1B), licensed since 7 January 2019
- Says client money is held separately from company money and offers negative balance protection on all accounts
- Commission-free Starter account from $100, and raw-spread accounts with a published per-lot commission
- MetaTrader 4 and 5, a FIX API and PAMM 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.
- Its CySEC licence (124/10, ORBEX Ltd) is shown on the CySEC register as under examination for voluntary renunciation, so new clients are not covered by EU rules or the Cyprus compensation fund, even though the website still mentions the ICF
- The website names several operating companies (Orbex Global Ltd in Mauritius, Orbex Limited in Seychelles, an Orbex Limited registered in Saint Lucia and Orbex LLC in St Vincent); check which one is named in your agreement
- Leverage up to 1:500, far above the 1:30 cap that applies in the UK and EU
- The spreads it publishes are minimums ("as low as"); typical spreads are not published
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.
- Orbex: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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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.