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<p>Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.</p>
In the fast-paced world of forex trading, choosing the right broker is crucial. IG and Axi are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between IG and Axi across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated IG and Axi, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, IG earned a higher trust rating than Axi.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that IG has overall lower trading costs than Axi.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Axi and IG offer copy trading.
A broader range of CFD instruments provides more trading opportunities. IG offers a greater variety of instruments compared to Axi:
For those interested in trading cryptocurrencies, Axi offers 35 cryptocurrencies, while IG offers 10 cryptocurrencies. Therefore, Axi is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that Axi charges a withdrawal fee and IG does not. Overall, IG has better deposit and withdrawal processes than Axi.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
IG has better educational support than Axi. Both Axi and IG offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that IG offers better research analysis than Axi and that both Axi and IG offer frequent webinars.
Founded in London in 1974, IG is one of the world’s most established brokers, known for its transparent pricing, powerful platforms, and exceptional market access. In Australia, IG operates as IG Markets Limited, authorised and regulated by the Australian Securities and Investments Commission (ASIC) — one of the most respected financial regulators globally.
Australian traders benefit from IG’s full product range of over 17,000 markets, including forex, indices, shares, commodities, ETFs, bonds, and options. Leverage is capped at 1:30 for major forex pairs in line with ASIC rules, ensuring a safer trading environment for retail clients. All markets are available on IG’s award-winning proprietary web platform, MetaTrader 4, TradingView integration, and the L2 Dealer platform for direct market access.
IG offers a single multi-asset CFD account for Australian clients, with no minimum deposit requirement and competitive spreads from 0.6 pips on major forex pairs. Traders also have access to advanced tools such as ProRealTime charting, Autochartist, and integrated Reuters news, alongside one of the most comprehensive educational and research libraries in the industry.
An Australian broker with an excellent reputation, Axi offers three low-cost trading accounts and some of the best trading tools in the industry. Axi’s range of financial instruments is slightly limited compared to other brokers, but it offers 70 Forex pairs and more than 100 global share CFDs. The broker offers traders free use of various platforms like MT4, MT5 and TradingView, as well as powerful platform-integrated technical analysis tools, including Autochartist, MyFxBook, and PsyQuation to help experienced traders and serious beginners make better trading choices.
We were also impressed that beginners have access to high-quality, structured learning material and frequent market analysis.
For more detailed reviews, please read our comprehensive assessments of IG and Axi.
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
