Axivs
Interactive BrokersForex Broker Comparison
In this comparison, two globally accessible brokers face off on regulation, cost, and platform sophistication. The clash also highlights the breadth of available markets.
Our Verdict
Interactive Brokers winsby 0.5 pts
Interactive Brokers leads overall on the editorial score due to stronger regulation, lower commissions, and a more capable trading platform.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1MT4 support and 24/5 live chat on Axi.
- 2Proprietary platform available on Interactive Brokers.
- 3Instrument universe: 220 on Axi vs 17,000 on IB.
Who should choose Axi vs Interactive Brokers?
Find out which broker best suits your trader profile.
Choose Axi if…
Choose Axi if you want MT4 with EA-friendly trading and 24/5 live chat.
Choose Interactive Brokers if…
Choose Interactive Brokers if you want a proprietary platform with access to 17,000 instruments and low margins.
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
Recommended
Axi offers tighter spreads from 0.00 pips vs 0.20 pips for Interactive Brokers, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
Axi vs Interactive Brokers: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.8 / 5▲ |
Axi vs Interactive Brokers 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 Interactive Brokers: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Axi
criteria wins
1
Interactive Brokers
criteria win
Highlighted rows show where the two brokers differ
| Criteria | Axi | Interactive Brokers |
|---|---|---|
| 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 | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Axi vs Interactive Brokers: Frequently Asked Questions
Interactive Brokers rates 4.6/5 versus 4.1/5 for Axi. Interactive Brokers edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Axi starts from 0 pips, tighter than Interactive Brokers's 0.2 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither Axi nor Interactive Brokers requires a minimum deposit, making both accessible regardless of starting capital.
Both Axi and Interactive Brokers 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
Axi lists maximum leverage of 500:1, while Interactive Brokers lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Interactive Brokers charges $2 per lot, lower than Axi's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Axi supports DXtrade, MetaTrader 4, while Interactive Brokers supports Trader Workstation (TWS), Proprietary Web/Mobile. Axi has exclusive access to DXtrade and MetaTrader 4. Interactive Brokers has exclusive access to Trader Workstation (TWS) and Proprietary Web/Mobile.
