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Pepperstone vs Axi : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Pepperstone
Axi
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
STP
Years of Existence / Established Year
2010
2007
Customer Base / Number of Accounts
400,000 traders
60,000+ traders
Regulation & Security
Regulations (governing bodies)
FCA, ASIC, DFSA, CySEC, CMA, BaFin, and SCB
ASIC DFSA FSA
Awards Won (count for the last 2 years)
2024 Forex Broker of the Year by BrokerWahl.de, TradingView Social Champion 2023
No major awards listed
Security Measures
FSCS
None
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
1200+ trading assets including shares, currencies indices
220 + CFDs IPOs
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
No
Stocks
No
Yes
Options
No
No
Futures
No
No
Bonds
No
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
Yes
MT5
Yes
No
cTrader
Yes
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
Pepperstone proprietary platform
Axi Trading Platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Standard and Razor account
Standard Account Pro Account Elite Account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$0
$0
Leverage Available
1:20 to 1:500
200:1- 500:1
Trade Limit (maximum per trade)
100 lots trading size
100 orders per day maximum
Commission (per account type)
Razor account - $3, Standard account -$0
Standard account - $0 Pro account - $7 round trip Elite account - $3.5 round trip
Best Suited For (e.g., beginners, experienced traders)
Beginner to experienced traders
Only experienced
Deposit & Withdrawal Options
Deposit Methods
Credit/debit card, Bank transfer, e-wallets, Union pay, USDT
International bank transfers Debit & credit cards (Mastercard, visa) Internet / local banking Paypal (in specific regions)
Withdrawal Methods
Credit/debit card, Bank transfer, e-wallets, Union pay, USDT
Bank transfer Local banking E wallet Crypto payments Credit / Debit cards
Other E-Wallets Supported
Neteller,skrill, PayPal
Skrill Neteller Paypal
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Education Online Courses, Market Analysis and Insights, Webinars, Trading Guides and eBooks, Video Tutorials, The Daily Fix Market News and Analysis, Pepperstone Blog Trading Insights
Autochartist Trading Central MT4 Forex VPS Hosting Trading news & guides Trading calculators Trade on Economic Calendar guides
Fees & Commissions
Trading-Related Fees
Spread-1.2 pips
Commission- 0% on share CFD trades
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
Razor account: $3.50 per lot, Raw account: $7 per lot, cTrader:$6 round trip per unit, TradingView: $7 roundtrip per unit
$3.5 per lot
Options Contract Fees
NA
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
1 pip on FX pairs
NA
Guaranteed Stop Loss Fees
Charges apply
NA
Maximum Leverage
1:500
1:1000
Non-Trading Fees
Dormant Fees
$0
Inactivity fees varies for no activity more than 12 months
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
$0
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
$0
Bank transfers - No fees Card payments - 3.0% (for more than $50,000) Other methods - 3.0% (for more than $50,000)
Currency Conversion Fee
Razor Account- $29.36, Standard Account - $48.12, Swap-free Account $58.78
NA
Withdrawal Fee
$0
Free above $50. Or administration fee of $25 apply.
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
VIX 00:01 - 23:59 (Opens Monday 01:00; Friday close 23:55), NAS100 01:00 - 23:15, 23:30 - 23:59 (Closes Friday 23:55), HK Share CFDs 4:30-7:00, 8:00-11:00, US Share CFDs 16:31 - 22:55
Trading forex & CFDs follows MT4 server time (GMT+2) Monday 00:01 to Friday 23:59
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24 hours (Tuesday to Friday) On Mondays, service commence at 9am AEST
Customer Support Methods (phone, email, live chat)
Phone: +1786 628 1209, Email: [email protected], Live chat
Help Center Live chat Email: mailto:[email protected] Toll-free: UK - 0800 018 3306 Australia - 1300 888 936 Germany - 0800 7244085
Support Languages
8+
13+
Additional Information
Headquarters Location
Melbourne, Australia
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
Complaints (for crypto brokers)
No
No
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