Axivs
IC MarketsForex Broker Comparison
Two regulation-backed forex brokers are pitted against each other on cost, platform breadth, and access to instruments. The tension centers on platform ecosystem and minimum deposit requirements.
Our Verdict
IC Markets winsClear Winner
IC Markets earns the edge on editorial score (4.7 vs 4.1) due to broader platforms and stronger overall rating. Axi remains solid with zero minimum deposit and robust regulation.
IC Markets
4.7/5
Axi
4.1/5
Key Differences
- 1Min deposit: Axi is $0 while IC Markets requires $200.
- 2Platform breadth: IC Markets supports MT4 MT5 cTrader TradingView; Axi uses MT4 DXtrade.
- 3Instruments: IC Markets has 2200, Axi has 220.
Who should choose Axi vs IC Markets?
Find out which broker best suits your trader profile.
Choose Axi if…
Choose Axi if you want zero minimum deposit and clear, transparent pricing, backed by strong ASIC, FCA, and DFSA regulation. You also benefit from MT4 with EA-friendly tools and DXtrade for a modern web trading experience.
Choose IC Markets if…
Choose IC Markets if you value true ECN execution with raw 0.0 pip spreads paired with deep liquidity from 25+ tier-1 sources. You also access MT4, MT5, and cTrader alongside TradingView for a diverse trading platform suite.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
Axi vs IC Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.6 / 5▲ |
Axi vs IC Markets Forex Broker Pros & Cons
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
Axi vs IC Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
Highlighted rows show where the two brokers differ
| Criteria | Axi | IC Markets |
|---|---|---|
| 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 |
Axi vs IC Markets: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4.1/5 for Axi. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both Axi and IC Markets 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 IC Markets requires at least $200. This makes Axi more accessible for traders with limited starting capital.
Both Axi and IC Markets 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 IC Markets 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 IC Markets charge the same commission of $7 per lot on applicable accounts.
Axi supports DXtrade, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 4. Axi has exclusive access to DXtrade. IC Markets has exclusive access to cTrader and MetaTrader 5 and TradingView.
