Head to head
Axi vs WM Markets
Axi is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union and DFSA in Dubai (DIFC), UAE. WM Markets 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 $50 at WM Markets. Only WM Markets offers negative balance protection. Both offer segregated client money.
Facts last checked: Axi on 20 October 2026, WM 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.
Comparing
AxiAustralia
WM Markets
Overview
Founded
2007
Not yet checked
Headquarters
Sydney, Australia
Fomboni, Mwali (Comoros)
Official websites
- axi.com
- axi-solaris.com
- wmmarkets.com
- en.wmmarkets.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
AxiCorp Financial Services Pty Ltd
No licence listed
Regulation level
Strictly regulated
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
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 1:2000 (dynamic, set per instrument)
Retail leverage by asset class
- Major currency pairs (UK: 1:30
- Currency pairs (St Vincent company): up to 1:1000
Not yet checked
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
- WM Markets mobile app
- MT4 WebTrader
Markets
Forex, metals, commodities, indices, share CFDs, crypto CFDs and perpetual futures CFDs
CFDs on forex, metals, indices, energies, commodities, treasuries, shares, ETFs and cryptocurrencies
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Not yet checked
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
Not yet checked
Withdrawal fee
Free above US$50 or for the full balance; otherwise an administration fee of US$25 may apply (St Vincent company)
Not published; the agreement allows transfer-related and termination fees
Inactivity fee
10 a month in USD, EUR, GBP and most other account currencies after 12 months without trading (St Vincent company)
Accounts with no trading for six months are disabled and may pay maintenance charges (amount not published)
Support
Customer support
Not yet checked
24/5 multilingual support by live chat
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
- Negative balance protection is written into the client agreement
- The agreement says client money is kept apart from the company's own funds
- Says it holds a client funds insurance policy of up to $1,000,000
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 WM Markets Ltd holds MISA licence BFX2024009; we could not confirm it on MISA's register on 2026-10-20 (the register blocked automated access).
- The agreement gives the company a lien over client assets and lets it pledge or reinvest assets held for clients
- Leverage up to 1:2000, and payment methods and withdrawal fees are not listed on the public website
- Inactive accounts are disabled after six months and may be charged maintenance fees that 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.
- WM Markets: Contracts for Difference (CFD) are complex financial instruments carrying a substantial level of risk and may not be suitable for all investors, as may result in the loss of all invested capital rapidly due to leverage. You should consider whether you understand how CFDs work, your investment objectives, level of experience, risk appetite, and, if necessary, seek advice from an independent financial advisor.
Open this comparison in the full tool to share a link with your own accounts and companies chosen.
Other head-to-head pages
- Admirals (Admiral Markets) vs Axi
- Admirals (Admiral Markets) vs WM Markets
- Alpari vs Axi
- Alpari vs WM Markets
- AMarkets vs Axi
- AMarkets vs WM Markets
- AvaTrade vs Axi
- AvaTrade vs WM Markets
- Axi vs AYA Markets
- Axi vs CapitalXtend
- Axi vs CG FinTech
- Axi vs CMC Markets
- Axi vs CPT Markets
- Axi vs DeltaFX
- Axi vs ePlanet Brokers
- Axi vs Errante
- Axi vs eToro
- Axi vs Exness
- Axi vs FIBO Group
- Axi vs FP Markets
- Axi vs FXCM
- Axi vs FxPro
- Axi vs HYCM
- Axi vs IC Markets
- Axi vs IFC Markets
- Axi vs IG
- Axi vs Interactive Brokers
- Axi vs Inveslo
- Axi vs Investizo
- Axi vs ITBFX
- Axi vs LiteFinance (LiteForex)
- Axi vs Markets4you
- Axi vs OANDA
- Axi vs OneRoyal
- Axi vs Opofinance
- Axi vs Orbex
- Axi vs Pepperstone
- Axi vs Plus500
- Axi vs Saxo
- Axi vs STB Provider
- Axi vs Swissquote
- Axi vs ThinkMarkets
- Axi vs Tickmill
- Axi vs Trendo
- Axi vs Vittaverse
- Axi vs Wingo Markets
- Axi vs XChief
- Axi vs XM
- Axi vs XS.com
- AYA Markets vs WM Markets
- CapitalXtend vs WM Markets
- CG FinTech vs WM Markets
- CMC Markets vs WM Markets
- CPT Markets vs WM Markets
- DeltaFX vs WM Markets
- ePlanet Brokers vs WM Markets
- Errante vs WM Markets
- eToro vs WM Markets
- Exness vs WM Markets
- FIBO Group vs WM Markets
- FP Markets vs WM Markets
- FXCM vs WM Markets
- FxPro vs WM Markets
- HYCM vs WM Markets
- IC Markets vs WM Markets
- IFC Markets vs WM Markets
- IG vs WM Markets
- Interactive Brokers vs WM Markets
- Inveslo vs WM Markets
- Investizo vs WM Markets
- ITBFX vs WM Markets
- LiteFinance (LiteForex) vs WM Markets
- Markets4you vs WM Markets
- OANDA vs WM Markets
- OneRoyal vs WM Markets
- Opofinance vs WM Markets
- Orbex vs WM Markets
- Pepperstone vs WM Markets
- Plus500 vs WM Markets
- Saxo vs WM Markets
- STB Provider vs WM Markets
- Swissquote vs WM Markets
- ThinkMarkets vs WM Markets
- Tickmill vs WM Markets
- Trendo vs WM Markets
- Vittaverse vs WM Markets
- Wingo Markets vs WM Markets
- WM Markets vs XChief
- WM Markets vs XM
- WM Markets vs XS.com
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.