Axi vs Pepperstone: costs, regulation and platforms compared
Axi does not take clients in the EU; for a standard lot of EUR/USD, Pepperstone costs $8.00 all-in in the EU; Pepperstone ranks #1 of 7 ranked brokers there.
For a standard lot of EUR/USD, Axi costs $9.00 all-in and Pepperstone $8.00 in the UK; Axi ranks #6 and Pepperstone #1 of 8 ranked brokers there.
For a standard lot of EUR/USD, Axi costs $9.00 all-in and Pepperstone $8.00 in Australia; Axi ranks #6 and Pepperstone #1 of 8 ranked brokers there.
For a standard lot of EUR/USD, Axi costs $9.00 all-in and Pepperstone $8.00 in other countries; Axi ranks #9 and Pepperstone #1 of 13 ranked brokers there.
| Measure | Axi Not available in the EU | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 70.88/100 | 91.78/100 · #1 of 7 in the EU (higher score) |
| All-in cost per lot (EUR/USD) | — | $8.00 |
| Typical spread + commission | — | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum (Standard, Pro); Elite $25,000 | No minimum (recommended $200) |
| Max. leverage (retail) | — | 1:30 |
| Regulator and entity | — | Pepperstone EU Limited · CySEC 388/20 |
| Platforms | Axi Trading Platform · MT4 · MT5 · Axi Copy Trading | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 220+ | 1,300+ |
| Hedging | Available (MT4 only) | Available |
| Scalping | Available | Available |
| Demo account | 30 days | Unlimited |
| Withdrawal payout | 1 business day | 1 business day |
| Data verified | 21 Sep 2026 | 21 Sep 2026 |
Not linked from your region.
| Measure | Axi | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 70.88/100 · #6 of 8 in the UK | 91.78/100 · #1 of 8 in the UK (higher score) |
| All-in cost per lot (EUR/USD) | $9.00 | $8.00 (lower cost) |
| Typical spread + commission | 0.2 pips + $7.00 commission (Pro) | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum (Standard, Pro); Elite $25,000 | No minimum (recommended $200) |
| Max. leverage (retail) | 1:30 | 1:30 |
| Regulator and entity | Axi Financial Services (UK) Ltd · FCA 466201 | Pepperstone Limited · FCA 684312 |
| Platforms | Axi Trading Platform · MT4 · MT5 · Axi Copy Trading | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 220+ | 1,300+ |
| Hedging | Available (MT4 only) | Available |
| Scalping | Available | Available |
| Demo account | 30 days | Unlimited |
| Withdrawal payout | 1 business day | 1 business day |
| Data verified | 21 Sep 2026 | 21 Sep 2026 |
Not linked from your region.
| Measure | Axi | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 70.88/100 · #6 of 8 in Australia | 91.78/100 · #1 of 8 in Australia (higher score) |
| All-in cost per lot (EUR/USD) | $9.00 | $8.00 (lower cost) |
| Typical spread + commission | 0.2 pips + $7.00 commission (Pro) | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum (Standard, Pro); Elite $25,000 | No minimum (recommended $200) |
| Max. leverage (retail) | 1:30 | 1:30 |
| Regulator and entity | AxiCorp Financial Services Pty Ltd · ASIC 318232 | Pepperstone Group Limited · ASIC 414530 |
| Platforms | Axi Trading Platform · MT4 · MT5 · Axi Copy Trading | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 220+ | 1,300+ |
| Hedging | Available (MT4 only) | Available |
| Scalping | Available | Available |
| Demo account | 30 days | Unlimited |
| Withdrawal payout | 1 business day | 1 business day |
| Data verified | 21 Sep 2026 | 21 Sep 2026 |
Not linked from your region.
| Measure | Axi | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 70.88/100 · #9 of 13 globally | 91.78/100 · #1 of 13 globally (higher score) |
| All-in cost per lot (EUR/USD) | $9.00 | $8.00 (lower cost) |
| Typical spread + commission | 0.2 pips + $7.00 commission (Pro) | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum (Standard, Pro); Elite $25,000 | No minimum (recommended $200) |
| Max. leverage (retail) | 1:500 | 1:400 |
| Regulator and entity | AxiCorp Financial Services Pty Ltd (Dubai Branch) · DFSA | Pepperstone Markets Limited · SCB · DFSA · CMA |
| Platforms | Axi Trading Platform · MT4 · MT5 · Axi Copy Trading | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 220+ | 1,300+ |
| Hedging | Available (MT4 only) | Available |
| Scalping | Available | Available |
| Demo account | 30 days | Unlimited |
| Withdrawal payout | 1 business day | 1 business day |
| Data verified | 21 Sep 2026 | 21 Sep 2026 |
Not linked from your region.
How we compare: the same verified figures as each broker’s review, scored with one published method. How we rank →
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 53% and 80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Axi or Pepperstone?
Which is cheaper, Axi or Pepperstone?
All-in cost per standard lot of EUR/USD (spread plus commission): in the UK, Axi $9.00 and Pepperstone $8.00; in Australia, Axi $9.00 and Pepperstone $8.00; in other countries, Axi $9.00 and Pepperstone $8.00.
Are Axi and Pepperstone regulated in the UK, EU or Australia?
Axi is regulated in the UK (FCA 466201) and Australia (ASIC 318232); not in the EU. Pepperstone is regulated in the UK (FCA 684312), the EU (CySEC 388/20) and Australia (ASIC 414530).
Which has the lower minimum deposit, Axi or Pepperstone?
Minimum deposit at Axi: No minimum (Standard, Pro); Elite $25,000. At Pepperstone: No minimum (recommended $200).
How do Axi and Pepperstone score in the BrokersNest rankings?
Axi scores 70.88/100 and Pepperstone 91.78/100 under our published method.