Two brokers square off on regulation, pricing, and platform approach. The tension lies in how each balances safety, cost clarity, and toolsets for traders.
Both Axi and Libertex are closely matched overall, but Axi holds ASIC, FCA, and DFSA oversight while Libertex is CySEC-regulated.
Find out which broker best suits your trader profile.
Choose Axi if…
Choose Axi if you value broad regulation by ASIC, FCA, and DFSA and strong MT4 EA support.
Choose Libertex if…
Choose Axi if you want raw spreads and no inactivity fee. Choose Libertex if you value CySEC regulation and a proprietary platform. Choose Libertex if you want a low $10 minimum deposit with a zero-spread model.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 4.1/ 5 | 3.9/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5▲ | 3.8 / 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 | Libertex |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| 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 Libertex rates 3.9/5. Axi 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 Libertex 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 Libertex requires at least $10. This makes Axi more accessible for traders with limited starting capital.
Axi holds top-tier regulation (DFSA, FCA, ASIC), providing stronger investor protections. Libertex may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
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 Libertex lists up to 999:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Axi charges $7 per lot on commission-based accounts. Commission details for Libertex are not currently available. Check their website for up-to-date pricing.
Axi supports DXtrade, MetaTrader 4, while Libertex supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. Axi has exclusive access to DXtrade. Libertex has exclusive access to MetaTrader 5 and Proprietary Web/Mobile.
Axi wins for safety and regulation due to ASIC, FCA, and DFSA oversight and client fund segregation.
Axi wins for active traders due to MT4 EA support and robust algorithmic trading tools.
Libertex wins for platform choice with MT4/MT5 and a proprietary platform.
Libertex wins for instrument variety with around 250 tradable instruments.
Fees & Spreads 30% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 3.9 / 5 |
|---|
Customer Support 10% weight | 3.9 / 5▲ | 3.8 / 5 |
|---|
| Founded | 2007 | 1997 |
|---|
| Headquarters | Sydney, Australia | Limassol, Cyprus |
|---|
| Min Deposit | No minimum▼ lower | $10 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1 | 999:1▲ higher |
|---|
| Inactivity Fee | None | $5/month (after 180 days) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | DFSA FCA ASIC | CySEC |
|---|
| Platforms | DXtrade MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 |
|---|
| 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
Very low $10 minimum deposit
Zero spread commission model, transparent cost per trade
Long operational history since 1997
MT4, MT5, and proprietary Libertex platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
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
Only CySEC regulated, limited jurisdiction coverage
Commission multiplier model can be confusing for new traders
Not available in many major English-speaking markets
No top-tier regulatory licence
No raw spread account option
Inactivity fee applies
Limited charting capabilities
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
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