Axi vs IC Markets
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
Standard, Pro and Elite accounts with free setup, leverage to 1000:1 and a funded-trader programme.
Raw Spread accounts on MetaTrader, cTrader and TradingView, from the Seychelles-regulated Raw Trading Ltd.
| Detail | Axi | IC Markets |
|---|---|---|
| Regulation | — | Raw Trading Ltd, FSA Seychelles Securities Dealer licence SD018 (reg. 8419879-1). Affiliated ICMP Ltd, Limassol, Cyprus. |
| Minimum Deposit | Recommended $100 (Standard, Pro) · $25,000 (Elite) | — |
| Max Leverage | Up to 1000:1 | — |
| Spread From | Standard: EURUSD from 0.68 pips, gold 16 cents · Pro and Elite: EURUSD from 0 pips, gold 9 cents | — |
| Commission | Standard: none · Pro: $4.50 round trip · Elite: $3.50 round trip | — |
| Platforms | Axi Trading Platform (desktop and mobile), MetaTrader 4, MT4 Multi-Account Manager, MT4 PAMM | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Social, ZuluTrade |
| Account Types | Standard, Pro, Elite | Raw Spread, cTrader Raw Spread, Standard, Swap Free |
What the figures say
- IC Markets publishes its regulation (Raw Trading Ltd, FSA Seychelles Securities Dealer licence SD018 (reg. 8419879-1). Affiliated ICMP Ltd, Limassol, Cyprus.); Axi does not state one on the pages we read.
- Axi publishes its minimum deposit (Recommended $100 (Standard, Pro) · $25,000 (Elite)); IC Markets does not state one on the pages we read.
- Axi publishes its max leverage (Up to 1000:1); IC Markets does not state one on the pages we read.
- Axi publishes its spread from (Standard: EURUSD from 0.68 pips, gold 16 cents · Pro and Elite: EURUSD from 0 pips, gold 9 cents); IC Markets does not state one on the pages we read.
- Axi publishes its commission (Standard: none · Pro: $4.50 round trip · Elite: $3.50 round trip); IC Markets does not state one on the pages we read.
- Account Types: Axi lists Standard, Pro, Elite; IC Markets lists Raw Spread, cTrader Raw Spread, Standard, Swap Free.
- Axi also lists Metals.
- IC Markets also lists Bonds, Stocks, Futures.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
Axi: why traders choose it
- Standard account: EURUSD from 0.68 pips and gold from 16 cents with no commission
- Pro account: EURUSD from 0 pips and gold from 9 cents with $4.50 round trip
- Elite account for high volume: $3.50 round trip, recommended from $25,000
- Free setup on every account and leverage up to 1000:1
- Eleven account currencies on Standard and Pro, including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD and USD
- "Get funded" links on each account to Axi's funded-trader programme
IC Markets: why traders choose it
- Four account types: Raw Spread, cTrader Raw Spread, Standard and Swap Free
- Seven ways to trade, including cTrader, TradingView and the IC Social copy-trading app
- Product range covers forex, commodities, indices, bonds, crypto, stocks, 24-hour stock CFDs and futures CFDs
- Leverage is dynamic and can change at any time, which their own risk warning spells out
- 24/7 support
Axi pros
- Round-trip commissions are stated as one number, which is easier to compare than per-side figures
- A route from a live account into a funded programme without leaving the broker
- Their own platform on desktop and mobile as well as MetaTrader 4
Axi cons
- MetaTrader 5, cTrader and TradingView are not on the accounts page
- The regulator for the international entity is not named on the page we read
- Minimums are given as recommendations rather than hard figures
IC Markets pros
- One of the few brokers offering cTrader, TradingView and both MetaTrader versions side by side
- A dedicated swap-free account rather than a swap-free flag bolted onto another type
- The regulator and licence number are printed on every page
IC Markets cons
- The international site is the Seychelles entity; other IC Markets entities serve Australia and Europe with different terms
- Minimum deposit, spreads and commission were not on the pages we could reach; the account comparison sits behind the client area
- Not available to residents of the US, Canada, New Zealand, Iran or North Korea
About Axi
Axi offers Standard, Pro and Elite accounts with free setup and leverage up to 1000:1. Standard is commission-free from 0.68 pips on EURUSD; Pro and Elite price from 0 pips with $4.50 and $3.50 round-trip commissions. Trading runs on Axi's own platform and MetaTrader 4, and each account links to Axi's funded-trader programme.
About IC Markets
IC Markets trades under Raw Trading Ltd, a Seychelles securities dealer, on the international site. It is known for raw-spread pricing and for supporting more platforms than most brokers: MetaTrader 4 and 5, cTrader, TradingView, a web terminal and its own IC Social copy-trading app.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.