Two regulated brokers compete on cost, platform breadth, and instrument variety. Axi emphasizes MT4 and DXtrade with strong regulation, while EightCap bundles four platforms and a larger instrument universe.
Find out which broker best suits your trader profile.
Choose if…
Choose Axi if you want no minimum deposit and strong ASIC, FCA, and DFSA regulation.
Choose if…
Choose EightCap if you want MT4, MT5, cTrader and TradingView on one account and Capitalise.ai automation included.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.1/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.4 / 5▲ |
Pros
No minimum deposit
Strong ASIC, FCA, and DFSA regulation
MT4-focused with excellent EA and algorithmic trading support
No inactivity fee
Client funds held in segregated accounts
Negative balance protection
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Axi | EightCap |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: Axi rates 4.1/5 and EightCap rates 4.3/5. EightCap has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both Axi and EightCap start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Axi has no minimum deposit, while EightCap requires at least $100. This makes Axi more accessible for traders with limited starting capital.
Both Axi and EightCap hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Axi has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Axi lists maximum leverage of 500:1, while EightCap lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both Axi and EightCap charge the same commission of $7 per lot on applicable accounts.
Axi supports DXtrade, MetaTrader 4, while EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5. Both provide MetaTrader 4. Axi has exclusive access to DXtrade. EightCap has exclusive access to TradingView and cTrader and MetaTrader 5.
Both brokers offer spreads from 0.00 pips.
Equally matched; both have strong regulation and investor protection.
EightCap wins due to broader platform suite and automation.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
Fees & Spreads 30% weight | 4.2 / 5 | 4.6 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.5 / 5▲ |
|---|
Customer Support 10% weight | 3.9 / 5 | 4.2 / 5▲ |
|---|
| Founded | 2007 | 2009 |
|---|
| Headquarters | Sydney, Australia | Melbourne, Australia |
|---|
| Min Deposit | No minimum▼ lower | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot | $7/lot |
|---|
| 0.7 pips | 0.7 pips |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | $10/month (after 12 months) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNetellerCrypto |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNetellerCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA DFSA | ASIC FCA SCB |
|---|
| Platforms | DXtrade MetaTrader 4 | TradingView cTrader MetaTrader 4 MetaTrader 5 |
|---|
| Active bonuses |
|---|
Investor compensation scheme coverage
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
MT4, MT5, cTrader, and TradingView all available on one account
Capitalise.ai code-free automation included at no extra cost
ASIC (391441) and FCA (921296) dual regulation
Razor account: raw EUR/USD from 0.0 pips at $7 round-turn commission
No minimum deposit on Standard account
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
No MT5 or cTrader support
Pro account commission of $7/lot is above some ECN peers
Research and education tools are more limited than some peers
No proprietary platform
Cons
$100 minimum on Razor ECN account
Shorter public track record than IC Markets or Pepperstone
Research and educational content thinner than larger peers
Not available to US residents
No proprietary platform
EightCap edges Axi on overall editorial score (4.3 vs 4.1) and platform breadth. It also delivers broader platform access and more instruments, shaping a clear path for users prioritizing execution and variety.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
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