Axi, formerly known as AxiTrader, and its competitor Pepperstone are Australian brokers known worldwide. Which of the two is the better broker? We’ve put together this AxiTrader vs Pepperstone comparison to help you choose the one that suits you best.
AxiTrader vs Pepperstone – Key Information
We’ll start this AxiTrader vs Pepperstone comparison with the basics.
The two brokers have several things in common:
- Both are Australian brokers. AxiTrader is headquartered in Sydney, while Pepperstone is based in Melbourne.
- Several leading financial authorities supervise both brokers and their respective subsidiaries,
- Both offer their services internationally and have representative offices in several countries.
- Both stand out for the excellence of their technological infrastructure.
The two brokers differ in several ways:
- AxiTrader is the more experienced, having been founded in 2007. In 2020, the broker changed its name to Axi. It now claims more than 60,000 traders in around a hundred countries. Axi also has a real advantage thanks to its education section, making it ideal for new retail traders.
- Pepperstone was founded in 2010. According to its website, it now has more than 110,000 retail traders from more than 150 countries. The broker gives traders worldwide access to currencies, commodities, stocks, indices, metals and cryptocurrencies. As it offers real research capabilities, it suits experienced traders looking for automated trading solutions.
On related topics, our articles “eToro vs Boursorama Comparison” and “eToro vs Binance” complement this read well.
AxiTrader vs Pepperstone – Awards
In this AxiTrader vs Pepperstone match-up, we listed the awards and prizes each has received. Both brokers have won several titles over successive years, which is a sign of the quality of their products and services.
AxiTrader vs Pepperstone Awards | |
 |  |
Best EMEA Region Broker – ADVFN International Financial Awards 2020 | Best Broker for Professional Client Trading Conditions – Professional Trader Awards 2019 |
Best MT4 Forex Broker – atozmarkets.com 2019 | Best Broker for Premium Customer Service – Professional Trader Awards 2019 |
Best Forex Broker Europe – forex-awards.com 2019 | Best Global ECN Forex Broker – Global Forex Awards 2019 |
Best Forex Broker Middle East – forex-awards.com 2019 | Best Forex Customer Service – Europe – Global Forex Awards 2019 |
Security Measures – Review
To protect traders’ deposits, both brokers have adopted several security measures. In this AxiTrader vs Pepperstone comparison, we noted that for European clients they offer much the same protections, in line with the regulations in force:
- Traders benefit from negative balance protection,
- Client funds are kept segregated from the broker’s own funds,
- If the broker goes bankrupt or becomes insolvent, traders have access to compensation,
- Both brokers and their respective subsidiaries are supervised by several regulators. However, Pepperstone is the more heavily regulated.
Pepperstone vs AxiTrader – Available Assets
In the “available assets” section of this AxiTrader vs Pepperstone comparison, we noted that Pepperstone has an edge over its competitor by offering a wider choice of assets, giving traders more diversification opportunities.
- Pepperstone offers more than 500 trading instruments, compared with more than 130 at its competitor,
- Traders can trade forex with either broker. Both offer exotic, minor and major pairs. However, AxiTrader gives access to more than 80 currency pairs, while Pepperstone’s traders can choose from around sixty.
- AxiTrader offers CFD trading on commodities, metals, indices and cryptocurrencies. Pepperstone also offers stock CFDs and currency index CFDs.
AxiTrader vs Pepperstone Review – Trading
This AxiTrader vs Pepperstone match-up also let us compare the trading itself. We found several things in common:
- Both brokers have opted for roughly the same pricing structures, charging both spreads and commissions,
- Their spreads are variable,
- European retail traders have access to maximum leverage of 30:1. However, both brokers offer a maximum ratio of 400:1 to other traders, notably professional-level traders,
- Both offer scalping, hedging, one-click trading, trading signals and automated trading,
- Pepperstone is the only one to offer social trading,
- Neither offers a welcome bonus.
AxiTrader vs Pepperstone – Deposits and Withdrawals
In this AxiTrader vs Pepperstone comparison, we compared deposits and withdrawals at both brokers:
- Traders with both brokers have a wide choice of payment methods, including traditional options such as bank transfers and standard bank cards. The difference lies in the choice of compatible e-wallets.
- In principle, neither broker charges deposit or withdrawal fees,
- With either broker, withdrawals can only be made to the same account used to fund the trading account,
- AxiTrader’s traders have more choice of account currencies,
- AxiTrader doesn’t impose any minimum deposit amount. Pepperstone recommends a minimum deposit of $200.
Diversifiez votre patrimoineInvestissez dans l’artDes tableaux originaux, pièces uniques signées par l’artiste. Un actif tangible, loin des écrans et des cotations.Voir les tableaux →Fees
In this AxiTrader vs Pepperstone comparison, we also compared the two brokers’ fees:
- Both brokers’ spreads are tight, allowing them to offer a profitable and competitive trading environment.
- Their commissions are low,
- Both brokers charge swaps but also offer swap-free accounts for Muslim traders,
- As for secondary fees, neither broker charges account opening or closing fees. Deposits, withdrawals, account management and inactivity are also free.
Trading Accounts
In this AxiTrader vs Pepperstone match-up, we found several similarities and differences between the two brokers:
- Traders with both firms can use a demo account to learn trading, get familiar with the tools and improve their strategies. Both the Axi and Pepperstone demo accounts are valid for 30 days. These demo accounts are free and give access to virtual funds.
- Muslim traders can also request a swap-free Islamic account with both online brokers.
- Both brokers welcome retail and professional traders alike.
- At Axi, traders can choose between a Standard account, a VIP account and a Micro account.
- Pepperstone offers two types of account: a Razor account for scalpers and algorithmic traders and a Standard account for new traders.
Trading Platforms: AxiTrader vs Pepperstone
We also compared the trading platforms offered by both brokers in this AxiTrader vs Pepperstone comparison:
- Both Australian online brokers have chosen to offer the world’s most popular trading platform, MetaTrader 4.
- Although Axi has chosen to offer only MT4, it is compatible with most major devices and operating systems, including Mac, Windows, iPhone, iPad and Android, as well as the browser-based WebTrader platform. To let users copy the performance of top traders, the broker also offers the Myfxbook AutoTrade plugin for free.
- Pepperstone offers two additional platforms: MetaTrader 5, which is more powerful, has more features and is ideal for traders looking for superior analysis tools and advanced trading functions; and cTrader, which is simple, easy to use and ideal for those new to trading.
Trading Tools
To help traders improve their performance, brokers offer trading tools. This AxiTrader vs Pepperstone comparison highlighted the following:
- Axi gives access to several tools, including trading signals, market analysis, technical indicators, an economic calendar, Autochartist, a VPS hosting service and PsyQuation.
- Pepperstone stands out for social trading. Thanks to its partnerships with several social trading providers, traders can copy other traders’ trades. Myfxbook and MetaTrader signals are among the tools available with this broker.
Education
This AxiTrader vs Pepperstone match-up showed that AxiTrader is a step ahead of its competitor in education. Whatever a trader’s skill level, this broker has the tools and resources to help them improve their trading: video tutorials, tips, ebooks, tools, expert commentary, analysis, news and webinars. What’s more, almost all of its education is free.
Compared with its competitor, Pepperstone hasn’t deployed all the resources needed to train its users. Although its courses and training are also free, traders only have access to online courses and guides, videos, webinars and articles.
Customer Support
According to this AxiTrader vs Pepperstone comparison, both brokers seem to have put in place all the resources needed to make it easy to reach their advisers. They have several things in common here:
- Both provide traders with several channels, including the most traditional ones, so they can contact customer support easily,
- Their customer service is multilingual to make communication easier,
- Advisers are available 24/5.
- Axi’s only drawback is that its website isn’t available in French.
AxiTrader vs Pepperstone: Pros and Cons
At the end of this AxiTrader vs Pepperstone comparison, we also identified the strengths and weaknesses of both brokers. In short, there’s no perfect broker; some will suit you better than others depending on your profile and needs. Despite the many similar features and offers of these two Australian brokers, each has its own specific features that make it better than others depending on each trader’s expectations.
AxiTrader vs Pepperstone Pros & Cons | ||
| | |
Pros |
|
|
Cons |
|
|