Pepperstone
Axi
VS
Higher Rated
Pepperstone
Capital at risk · T&Cs apply
Choosing between Pepperstone and Axi depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while Axi operates from Sydney, Australia. Axi has the longer track record, established in 2007, compared to Pepperstone which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Pepperstone
Axi
| Pepperstone | Axi | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.6/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, FCA, CySEC ✓ | ASIC, FCA |
| Platforms | MT4, MT5, TradingView | MT4, Proprietary Mobile |
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone
WinnerAxi
Pepperstone
Axi
Pepperstone holds licences from ASIC, FCA, CySEC. Axi is regulated by ASIC, FCA.
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. Pepperstone additionally covers Crypto. Axi adds Commodities.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Axi offers MT4, Proprietary Mobile. Both brokers are available on MT4, Proprietary Mobile.
Pepperstone requires a minimum deposit of $200, while Axi sets no minimum deposit. This makes Axi accessible to traders with any budget.
BrokerRank scores Pepperstone at 4.12/5 and Axi at 3.62/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
Pepperstone
4.1/5
Choose Pepperstone if you want…
Axi
3.6/5
Choose Axi if you want…
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs Axi's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Pepperstone offers spreads from 0 pips, while Axi starts at 0 pips. Check the fees section above for a full breakdown.
Pepperstone requires a minimum deposit of $200. Axi requires $0.
Pepperstone is regulated by ASIC, FCA, CySEC, while Axi holds licences from ASIC, FCA.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Axi supports MT4, 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.