FM
FP Markets
3.8 / 5Score: 2 / 4
A veteran multi-platform broker built for traders who demand tighter costs and deeper regulatory coverage.
- Min deposit
- $100
- Max leverage
- 1:500
- Spread from
- 0 pips
- Regulators
- ASIC, CySEC
Reviewed by Experts Updated 8/19/2026
FP Markets vs Axi: Which Broker Wins in 2026?
FP Markets and Axi are both ASIC-regulated heavyweights, but only one comes out on top in our 2026 analysis. FP Markets edges ahead with a 3.8/5 rating against Axi's 3.6/5, thanks to broader platform support and tighter regulatory oversight.
A
Axi
3.6 / 5Score: 2 / 4
A zero-minimum-deposit broker that removes the entry barrier for cost-conscious beginners.
- Min deposit
- $0
- Max leverage
- 1:500
- Spread from
- 0 pips
- Regulators
- ASIC, FCA
Overall Winner
FP Markets
Best for Beginners
Axi
Lowest Fees
FP Markets
Top Regulation
FP Markets
Side-by-side comparison
Core features compared head-to-head.
| Feature | FM FP Markets | A Axi |
|---|---|---|
| Overview | ||
| Rating | 3.8 / 5 | 3.6 / 5 |
| Founded | 2005 | 2007 |
| Headquarters | Sydney, Australia | Sydney, Australia |
| Regulation | ASIC, CySEC | ASIC, FCA |
| Fees & Limits | ||
| Min Deposit | $100 | $0 |
| Spreads From | 0 pips | 0 pips |
| Commission | $3/lot | $3.5/lot |
| Max Leverage | 1:500 | 1:500 |
| Platforms & Markets | ||
| Trading Platforms | MT4, MT5, TradingView, Proprietary Mobile | MT4, Proprietary Mobile |
| Markets Offered | Forex, Cfd, Stocks, Indices, Commodities, Crypto | Forex, Cfd, Stocks, Indices, Commodities, Crypto |
Trading & non-trading fees
Min Deposit
FP Markets
$100
Axi
$0
Spreads From
FP Markets
0 pips
Axi
0 pips
Commission
FP Markets
$3/lot
Axi
$3.5/lot
Deposit Fees
FP Markets
None
Axi
None
Withdrawal Fees
FP Markets
None
Axi
None
Pros & cons
FM
FP Markets
Pros
- Higher overall independent rating at 3.8/5
- Longer operating history, founded in 2005
- Broader platform selection with four total trading environments
- Lower per-lot commission compared to its closest competitor
- No deposit or withdrawal fees on funding transactions
- Dual regulatory oversight spanning ASIC and CySEC
- Full access to six major asset classes
Cons
- Higher minimum deposit than fee-free competitors at $100
- Commission-based pricing may not suit purely spread-focused traders
- CySEC oversight carries less weight than FCA for some UK-based clients
- No zero-deposit entry option for ultra-budget beginners
A
Axi
Pros
- No minimum deposit required to open an account
- Trusted FCA regulation alongside ASIC oversight
- Simple, streamlined MT4 platform experience
- No deposit or withdrawal fees
- Full access to six major asset classes
- Matched 1:500 maximum leverage with top competitors
Cons
- Lower overall independent rating at 3.6/5
- Slightly higher commission at $3.5 per lot
- Narrower platform lineup with no MT5 or TradingView support
- Founded two years later, with a shorter operating track record
- Lacks a CySEC layer for European regulatory diversification
Our expert verdict
Editor's verdict
Overall winner FP Markets
Lowest fees FP Markets
Best regulation FP Markets
Better for beginners Axi
FP Markets is the stronger all-around broker, earning a 3.8/5 on our independent rating versus Axi's 3.6/5. FP Markets pulls ahead on regulatory breadth, platform variety, and long-term market presence, while Axi remains attractive purely for its $0 minimum deposit. For most traders — especially those wanting multi-platform flexibility and tighter compliance oversight — FP Markets is the smarter overall pick.
Regulation & Safety
FP Markets is regulated by both ASIC and CySEC, giving it dual-jurisdiction oversight that appeals to traders who prioritize regulatory depth. Axi counters with ASIC and FCA licensing, which is also a respected combination, particularly for UK-based clients.
Both brokers are headquartered in reputable jurisdictions, with FP Markets based in Sydney and founded in 2005, one of the longer operating histories in the retail trading space. Axi, also Sydney-headquartered, was founded two years later in 2007.
On our proprietary rating system, FP Markets received the nod for best regulation in this matchup, largely due to the CySEC layer adding European coverage. Axi's FCA license is a strong offsetting factor for European and UK traders who value that specific regulator.
Fees, Spreads & Commissions
Both brokers advertise spreads starting from 0 pips, putting them on equal footing at the headline level. The real differentiation appears in commission structure: FP Markets charges $3 per lot, while Axi charges a slightly higher $3.5 per lot on its raw spread accounts.
Neither broker imposes deposit or withdrawal fees, which is a welcome standard across both platforms and removes a common friction point for active traders moving funds in and out.
Over high-volume trading activity, FP Markets' lower per-lot commission can meaningfully reduce total trading costs, which is why our rating system flags FP Markets as the best-for-low-fees option in this comparison.
Minimum Deposit & Accessibility
Axi holds a clear structural advantage here with a $0 minimum deposit requirement, making it exceptionally accessible to beginners or traders testing strategies with minimal capital at risk.
FP Markets requires a $100 minimum deposit, which is still modest by industry standards but represents a real barrier compared to Axi's zero-dollar entry point.
This is precisely why our awards designate Axi as the best choice for beginners — smaller starting capital combined with no deposit threshold lowers the psychological and financial barrier to entry for new traders.
Trading Platforms & Tools
FP Markets offers a noticeably broader platform suite: MetaTrader 4, MetaTrader 5, TradingView integration, and a proprietary mobile app. This four-platform lineup gives traders flexibility to choose charting environments and execution styles that suit their workflow.
Axi supports MetaTrader 4 and a proprietary mobile app, a leaner offering that covers the essentials but lacks the MT5 and TradingView integrations that many modern traders now expect.
For traders who value advanced charting, algorithmic trading support, or multi-asset order management, FP Markets' platform depth is a tangible advantage worth weighing heavily.
Markets, Leverage & Trading Conditions
Both brokers offer an identical breadth of tradable markets, spanning Forex, CFDs, Stocks, Indices, Commodities, and Crypto, so market access alone won't sway the decision either way.
Maximum leverage is also matched at 1:500 for both brokers, giving similarly aggressive traders comparable capital efficiency, though leverage caps may vary by client jurisdiction and regulator.
Given the near-identical trading conditions on markets and leverage, the deciding factors in this comparison really come down to fees, platform choice, and regulatory preference rather than raw product access.
Our Verdict
FP Markets wins this comparison overall with a 3.8/5 rating against Axi's 3.6/5, driven by superior platform variety, a longer operating track record, and a lower per-lot commission structure.
Axi still earns a legitimate place for cost-conscious beginners thanks to its $0 minimum deposit, and its FCA regulation is a strong selling point for UK-based traders specifically.
Ultimately, traders who want the most well-rounded package — spanning platforms, fees, and regulatory breadth — should lean toward FP Markets, while those prioritizing a frictionless, low-capital entry point may still find Axi a sensible starting point.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
FP Markets wins overall
FP Markets edges out Axi overall based on our expert rating score.
FM
Highest Rated
FP Markets
3.8 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.8/5).
FP MarketsBetter for beginners
Stronger onboarding and educational resources.
AxiLower trading costs
More competitive spreads and baseline commissions.
FP MarketsStronger regulation
Higher trust based on tier-1 regulatory oversight.
FP Markets
Frequently asked questions
FP Markets comes out ahead in our independent rating system, scoring 3.8/5 compared to Axi's 3.6/5. The gap is driven mainly by FP Markets' broader platform lineup and dual regulatory coverage, though Axi remains competitive on accessibility.
Both brokers advertise spreads from 0 pips, but their commission structures differ slightly. FP Markets charges $3 per lot while Axi charges $3.5 per lot, meaning FP Markets tends to be marginally cheaper for high-volume traders.
Axi requires no minimum deposit at all, making it the more accessible option for beginners with limited starting capital. FP Markets requires a $100 minimum deposit, which is still relatively low by industry standards but not zero.
FP Markets is regulated by ASIC and CySEC, while Axi is regulated by ASIC and FCA. Both combinations are considered reputable, though FP Markets earned our best-for-regulation award due to its added European oversight layer.
FP Markets supports MT4, MT5, TradingView, and a proprietary mobile app, giving traders four distinct platform choices. Axi offers a leaner setup with just MT4 and its proprietary mobile app.
Yes, there is nothing preventing traders from opening accounts with both brokers simultaneously. Many traders diversify across multiple brokers to access different platforms, tools, or regulatory environments.
Axi is our pick for beginners primarily because of its $0 minimum deposit, which removes the upfront capital barrier entirely. That said, new traders who want more platform choice and don't mind a $100 deposit may still prefer FP Markets long term.
Neither FP Markets nor Axi charges deposit or withdrawal fees, which is a strong point in favor of both brokers. This removes a common cost consideration when moving funds in and out of a trading account.
Yes, both FP Markets and Axi offer a maximum leverage of 1:500 for eligible accounts. Actual leverage available to individual traders may still vary depending on jurisdiction and applicable regulatory restrictions.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.