Higher Rated
Interactive Brokers
Capital at risk · T&Cs apply
In the competitive landscape of online trading, Axi and Interactive Brokers cater to different trader profiles with distinct offerings. Axi, headquartered in Sydney and regulated by ASIC and FCA, appeals to forex traders seeking low entry barriers with no minimum deposit and spreads from 0.0 pips on its Pro account. On the other hand, Interactive Brokers, with a higher rating and global reach, is ideal for seasoned professionals looking for extensive market access and advanced trading tools, although its complex platform may deter beginners. While Axi shines with its straightforward MT4 platform and copy trading via PsyQuation, Interactive Brokers stands out for its low commissions and comprehensive international market coverage.
Axi
Interactive Brokers
| Axi | Interactive Brokers | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 4.4/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:4 |
| Regulation | ASIC, FCA | SEC, CFTC, FCA ✓ |
| Platforms | MT4, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Interactive Brokers is the better choice overall, scoring 4.4/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Axi offers lower spreads (0 pips).
See full side-by-side comparison belowAxi
Interactive Brokers
WinnerAxi
Interactive Brokers
Axi is regulated by both the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. These regulatory bodies are well-respected globally, providing a robust framework for client protection. Axi offers fund protection schemes, ensuring that client funds are segregated from company funds, reducing the risk of financial mishandling.
Interactive Brokers, on the other hand, is regulated by a broader range of authorities including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the US, as well as the FCA, the Monetary Authority of Singapore (MAS), and ASIC. This extensive regulatory oversight provides clients with a high level of safety and security. Interactive Brokers also offers fund protection schemes, adhering to stringent financial standards across multiple jurisdictions.
Axi offers competitive spreads starting from 0.0 pips on its Pro account, with a commission of $3.5 per lot. There is no minimum deposit required, making it accessible for traders with limited capital. Axi also provides high leverage up to 1:500, catering to those looking to maximise their trading potential. However, overnight fees can apply, which could add up for longer-term positions.
Interactive Brokers features a spread starting from 0.2 pips, with a very low commission rate of $0.005 per share, making it an attractive choice for stock traders. There is no minimum deposit, but the leverage is capped at 1:4, which might be less appealing for those seeking higher exposure. Inactivity fees could be a drawback for traders who do not trade frequently, especially for smaller accounts.
Axi offers the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface and strong algorithmic trading capabilities. It also has a proprietary mobile platform, though options are limited without MT5 or TradingView. Interactive Brokers provides its proprietary web and mobile platforms, which are highly regarded for their advanced tools and extensive market access, although they can be complex for beginners.
For beginners, Axi is the better choice due to its simplicity and no minimum deposit. Professional traders will likely prefer Interactive Brokers for its advanced tools and extensive market access. On fees, Interactive Brokers edges out with its lower commissions.
Axi
3.6/5
Choose Axi if you want…
Interactive Brokers
4.4/5
Choose Interactive Brokers if you want…
Interactive Brokers scores higher overall on our independent rating system. Axi holds a 3.6/5 rating vs Interactive Brokers's 4.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Axi offers spreads from 0 pips, while Interactive Brokers starts at 0.2 pips. Check the fees section above for a full breakdown.
Axi requires a minimum deposit of $0. Interactive Brokers requires $0.
Axi is regulated by ASIC, FCA, while Interactive Brokers holds licences from SEC, CFTC, FCA, MAS, ASIC.
Axi supports MT4, Proprietary Mobile. Interactive Brokers supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.