IC Markets offers a diverse range of platforms and access to seven financial markets, boasting low spreads like a 0.1 pip EUR/USD spread and leverage up to 1:1000. Meanwhile, Axi, focusing primarily on the MT4 platform, provides access to five financial markets, emphasizing over 70 FX currency pairs and up to 500:1 leverage. While IC Markets stands out with its broad platform variety and market access, Axi is more forex-centric with tight spreads and prompt execution.

Go to IC Markets’ Official Website

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Comparing IC Markets and Axi

Both IC Markets and Axi have been industry stalwarts in the online trading realm, offering various services tailored to cater to the needs of diverse clientele. This comprehensive review aims to highlight the critical differences and similarities between these two platforms, helping you make an informed choice.

1. Trading Platforms

IC Markets offers a richer array of platforms. Its lineup includes WebTrader, MT4, cTrader, IC Social, and ZuluTrade. Each platform is specifically designed to cater to different trading preferences. For instance, its cTrader Web is perfect for traders who prefer web-based platforms, offering a robust user experience combined with the fast order execution synonymous with IC Markets. Axi, on the other hand, focuses exclusively on the MT4 platform, one of the most widely recognized trading platforms globally.

2. Mobile and Device Compatibility

Both brokers have made significant investments in ensuring their platforms are accessible across multiple devices. Whether you’re using a MAC, iPad, iPhone, Android device, or Android tablet, both IC Markets and Axi have you covered. This flexibility ensures that traders can access their accounts and execute trades irrespective of their location.

3. Market Offerings

IC Markets offers a more diversified array of markets, allowing traders to engage with seven different financial markets, from the volatile world of cryptocurrencies to the stability of bonds and everything in between. In contrast, Axi provides access to five financial markets, with a particular emphasis on forex, which boasts over 70 FX currency pairs.

4. Pricing and Costs

IC Markets prides itself on offering some of the lowest spreads across all major and minor currency pairs. Their EUR/USD spread, averaging at 0.1 pips, is particularly competitive. The pricing model IC Markets employs relies on over 25 different liquidity providers, ensuring tight spreads and deep liquidity. On the other hand, Axi emphasizes its no brokerage fees on standard accounts, and its VIP account for high volume traders offers even more competitive conditions with 50% less commission than standard accounts.

5. Leverage

For traders looking to maximize potential returns through leverage, both platforms are attractive. IC Markets offers up to 1:1000, a considerably high amount, allowing retail traders to engage more dynamically with the forex market. Axi offers up to 500:1, which is also commendably high and offers traders significant market exposure.

6. Trading Hours

While both platforms provide extensive trading hours, it’s essential to note the specifics. IC Markets has a slightly intricate system with their server time based on GMetaTrader + 2 or +3, and different instruments have various trading hours. Axi’s Forex pricing occurs from Monday 00:00 to Friday 24:00.

7. Financial Instruments and Trading Costs

IC Markets is a treasure trove for traders looking for diversified investment opportunities. It offers an array of options from energy contracts, including corn, soybeans, sugar, to the futures of CBOE VIX Index. However, Axi, with its focus on a few specialized areas, offers advantages such as zero commission on many transactions, including cryptocurrency trades.

8. Funding and Withdrawal Methods

Both brokers make funding and withdrawals hassle-free. IC Markets offers over 15 methods, from Credit and Debit Cards to internet banking solutions like Thai Internet Banking. Axi has not specified the exact number, but emphasizes the ease and zero commission of deposits and withdrawals.

9. Support and Protection

Both platforms support Negative Balance Protection, ensuring that traders don’t owe more than their deposit in case of significant market movements. Additionally, they both offer swap-free accounts for Islamic traders, considering religious restrictions.

In conclusion, while IC Markets offers a broader range of platforms and markets, Axi
focuses on depth in its offerings, particularly in the forex arena. Both platforms come with their unique strengths, catering to different trader needs. Your choice will depend on the instruments you wish to trade, the platform preference, and the trading conditions that align with your strategy.

Go to IC Markets’ Official Website

Go to Axi’s Official Website

Are you interested in trading with IC Markets?

In the increasingly competitive world of Forex and CFD trading, traders demand more than just basic platforms and minimal support. They are looking for a holistic trading experience that combines speed, flexibility, and support. This is where IC Markets sets itself apart. Built with traders in mind, IC Markets has revolutionized the trading world by offering unbeatable conditions, world-class platforms, and unparalleled customer service. Here’s why IC Markets should be your trading partner of choice.

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Industry-Leading Low Spreads

One of the biggest considerations in choosing a trading platform is the cost of trading. IC Markets is committed to providing the lowest spreads possible across all market conditions. This commitment is not just in words; they’ve invested heavily in advanced technology and forged strong ties with some of the market’s largest and most reliable liquidity providers. The outcome? You enjoy optimal trading conditions that some would consider the industry’s best, with spreads that can go as low as 0.0 pips. Their technological architecture is always evolving to keep delivering these exceptional conditions.

Trade with Low Spreads

Fast and Reliable Trade Execution

Speed is of the essence in trading, and IC Markets ensures that your trades are executed as quickly as possible. Their trade servers are strategically located in world-renowned data centres, NY4 & LD5, in New York and London. This means your orders are executed with low latency, and at unparalleled speed, to give you a competitive edge. The servers are directly connected to their pricing providers through dedicated fibre optic links, assuring you of the fastest trade executions.

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Cutting-Edge Trading Technology

At IC Markets, modernity and innovation are not mere buzzwords. They are an integral part of the trading experience. IC Markets has joined forces with global technology leaders to offer innovative trading tools like Depth of Market (DoM), inbuilt spread monitoring, ladder trading, and custom order templates for automated trade closure. In addition, they offer mobile trading applications for iPhone and Android, which are optimized to provide you with the best mobile trading experience.

Go to IC Markets’ Official Website

The Power of Choice: Platforms and Trading Conditions

IC Markets understands that each trader has unique needs and trading styles. Whether you prefer MetaTrader 4, MetaTrader 5, or cTrader, IC Markets has got you covered. These platforms are integrated with IC Markets’ Raw Pricing, ensuring that you experience no requotes, no price manipulation, and no restrictions. Moreover, IC Markets offers a diverse range of account types, including Raw Spread accounts with spreads starting from 0.0 pips. They also offer leverage options of up to 1:1000, making the platform suitable for traders of all risk profiles. Scalping, hedging, and automated trading are all welcomed strategies.

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Unparalleled Customer Support

While technology and conditions are important, nothing beats the human touch. IC Markets has a live support team available 24/7, Monday to Sunday. This means anytime you face an issue or have a question, a dedicated and experienced team is always on hand to assist you. Their expertise within the Forex industry is not just an added advantage; it’s a significant part of the value they bring to their users.

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Beyond Forex: A Wide Range of Markets

IC Markets doesn’t limit your trading possibilities; they extend them. Apart from Forex CFDs with 61 currency pairs, they offer Indices CFDs on 25 global equity markets and Commodities CFDs that include energy, agriculture, and metals. Want to trade in stocks? Choose from over 2100 Stocks CFDs across the ASX, NYSE, and NASDAQ. If you’re interested in diversification, you can opt for Bonds CFDs and Cryptocurrency CFDs. Their varied portfolio ensures you have access to the world’s most liquid and popular markets, 24/7.

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Transparency and Trustworthiness

IC Markets is regulated by the Financial Services Authority of Seychelles (FSA), adhering to strict capital requirements. This means your funds are safe and held in segregated accounts with top international banks. They don’t use client funds for any operational expenses, ensuring transparency and trust.

Go to IC Markets’ Official Website

Final Thoughts

From low spreads to cutting-edge technology, 24/7 customer support, and a wide range of trading options, IC Markets is clearly designed to enhance your trading experience. For both novice traders and seasoned veterans, IC Markets offers an environment that not only makes trading efficient but also profitable. Give yourself the edge you deserve in today’s fast-paced trading world by joining IC Markets today.

Open an account with IC Markets

Are you interested in trading with Axi?

From a humble beginning in 2007 as a two-person startup, Axi has transcended boundaries to become a globally recognized online trading powerhouse. Now, a trusted name for over 60,000 customers, spanning across 100+ countries, Axi is not just a trading platform – it’s an experience tailor-made by traders, for traders.

Go to Axi’s Official Website

Built with Precision and Passion

Axi’s foundation is laid on understanding your aspirations as a trader. Whether you’re setting foot into the world of trading or are an experienced pro, Axi offers a perfect blend of tight spreads, prompt execution, and advanced tools, all backed by an award-winning customer service.

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Trust, Transparency, and Top-Notch Technology

Regulated under the world’s most stringent licensing authorities, Axi operates with absolute trust and transparency. Modern traders demand powerful technology – and that’s where Axi stands out. From robust platforms, lightning-fast trade executions, raw spreads, to flexible leverage, Axi ensures all clients are never left wanting.

Trade Forex and CFDs with Axi

The Axi Edge: Speed, Efficiency, Reliability

Every trader understands the vitality of latency in executing a trade. At Axi, significant investments in network technology ensure you face minimal latency, which translates into:

1. Lower Costs: Reduced latency means minimized chances of slippage, ensuring cost-effective trading.
2. Faster Refresh Rates: Especially crucial during major events characterized by volatility, Axi’s enhanced refresh speed ensures you remain on top of your game.
3. Fewer Outages: Axi’direct connections to 20+ liquidity sources eliminate dependence on slower ECN technologies, ensuring faster, reliable, and in-depth pricing.

Check out Axi impressive spreads and see how they can transform your trading journey.

Go to Axi’s Official Website

Revolutionizing Trade Execution

Traditional ECN connections, with their intricate layers of networks, cables, and firewalls, tend to slow down trading. Axi challenges this by directly partnering with 20+ top-tier liquidity providers and using co-located servers globally, ensuring a faster, more accurate, and reliable trading experience.

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Markets at Your Fingertips

Diversify your trading portfolio with the extensive range of markets:

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1. Share CFDs: Trade popular US, UK, and EU share CFDs without any commission and enjoy potential dividends, flexibility in trading, and leveraged trading.
2. Forex: Get access to over 70 FX currency pairs, zero commission, fast execution, and a platform that respects your unique trading style.
3. Commodities: Dive into a plethora of commodity instruments like gold, silver, oil, and coffee, all while enjoying low margins, no commission, and ultra-fast execution.
4. Cryptocurrency CFDs: Step into the world of digital currencies without the complexities of a digital wallet. Trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin anytime you want, with competitive spreads and zero commission.

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Begin Your Axi Journey

Starting with Axi is seamless:

1. Complete Your Application: Securely fill in your details here.
2. Confirm Your Identity: Electronically verify your ID to ensure a smooth experience.
3. Fund Your Account: Use secure payment methods to deposit funds.

Start Your Application Now

For your peace of mind, all data transmission is encrypted. Before you embark on your trading voyage, make sure to acquaint yourself with the Client Agreement and understand the inherent risks.

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Choose Axi: The World’s Trusted Trading Partner

With 24/5 unparalleled customer service, and an undying commitment to ensuring you have the most exceptional trading experience, it’s no wonder over 60,000 traders across the globe trust Axi. Come, be a part of this journey and trade with confidence.

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FAQs to summarize the article

What trading platforms does each broker offer?

IC Markets boasts a variety of platforms like WebTrader, MT4, cTrader, IC Social, and ZuluTrade, catering to different trading styles. Axi primarily focuses on the MT4 platform.

Are both platforms mobile-compatible?

Yes, both IC Markets and Axi offer platforms accessible on devices such as MAC, iPad, iPhone, and Android, ensuring flexibility for traders on the move.

Which broker provides a wider market offering?

IC Markets allows trading across seven financial markets, including cryptocurrencies and bonds. Axi specializes in five markets, with a focus on forex.

How do the pricing and costs compare between the two?

IC Markets is known for its low spreads, especially a competitive 0.1 pip spread on EUR/USD. Axi, however, offers no brokerage fees on standard accounts and reduced commissions for VIP accounts.

What leverage do these brokers provide?

IC Markets provides leverage up to 1:1000, while Axi offers up to 500:1.

How do their trading hours compare?

Both offer extensive trading hours. IC Markets operates based on GMT +2 or +3, while Axi’s Forex pricing runs from Monday 00:00 to Friday 24:00.

What are their funding and withdrawal methods?

IC Markets supports over 15 methods, including Credit/Debit cards and internet banking. Axi emphasizes a hassle-free process with zero commission on both deposits and withdrawals.

Do they offer support and protection for traders?

Both platforms support Negative Balance Protection and offer swap-free accounts for Islamic traders.

How does IC Markets differentiate itself?

IC Markets provides industry-leading low spreads, fast trade execution, cutting-edge technology, diverse account types, and 24/7 customer support.

What makes Axi stand out?

Originating in 2007, Axi has grown globally, focusing on trust, transparency, technology, and efficient trading execution.