Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Axi vs Pepperstone
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | Axi | Pepperstone |
|---|---|---|
| BrokaBoy score | 9.1/10 | 9.2/10 |
| Trustpilot rating | Trustpilot 4.1 (7,586 reviews) | Trustpilot 4.2 (3,580 reviews) |
| Listed minimum deposit | $100 | $10 |
| Advertised spread from | 0.0 pips | 0.0 pips |
| Advertised maximum leverage | 1:1000 (entity dependent) | 1:400 |
| Regulators | ASIC, FCA, DFSA | FCA, ASIC, CySEC, DFSA, SCB, BaFin, CMA |
| Platforms | MetaTrader 4, MetaTrader 5, Axi Copy Trading, TradingView | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Instruments | Forex, Commodities, Indices, Stocks, Crypto | Forex, CFDs, Indices, Commodities, Crypto |
| Account types | Standard, Pro, Elite | Standard, Razor |
| Founded | 2007 | 2010 |
| Spread type | Variable; raw pricing on Pro and Elite accounts | Razor account quotes raw spreads from 0.1 pips; Standard account is commission-free with a markup. |
| Commission | About $3.50 per lot per side on Pro; none on Standard | Around $3.50 per lot per side on Razor; zero on Standard. |
| Overnight / swap | Overnight swap applies; Islamic accounts available on approval | Overnight financing charged or credited daily, with a triple debit mid-week. |
| Withdrawals | No Axi withdrawal fee on most methods; intermediary bank charges may apply | Free withdrawals to most cards and e-wallets; international wires may incur a bank fee. |
Key differences
- Pepperstone has a lower listed minimum deposit ($10 vs $100).
- Pepperstone has the higher BrokaBoy score (9.2/10 vs 9.1/10).
- Both brokers hold licences with ASIC, FCA, DFSA.
- Only Axi lists Axi Copy Trading among its platforms.
- Only Pepperstone lists cTrader among its platforms.
- Only Axi lists Stocks among its instruments.
- Only Pepperstone lists CFDs among its instruments.
Which should you choose?
- Choose Pepperstone if a lower listed opening deposit is your priority.
- Choose Axi if access to Stocks is essential, and confirm it is available under your entity.
- Choose Pepperstone if access to CFDs is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, Axi or Pepperstone?+
Pepperstone has the lower listed minimum deposit ($10 vs $100). Confirm current terms with each broker.
Are Axi and Pepperstone regulated by the same authorities?+
They share ASIC, FCA, DFSA. Axi lists ASIC, FCA, DFSA; Pepperstone lists FCA, ASIC, CySEC, DFSA, SCB, BaFin, CMA in our catalogue.
Which has the higher BrokaBoy score?+
Pepperstone scores 9.2/10 against 9.1/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do Axi and Pepperstone support the same platforms?+
Both list MetaTrader 4, MetaTrader 5, TradingView.
