IG vs Axi: Which One is Better for You?


IG vs Axi, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between IG vs Axi, here is the direct comparison:

Feature
Go to IG

Go to Axi

Rating

General Rating 4.35/5
4.54/5
Trustpilot 3.6/5

rated by 4 users
3.3/5

rated by 1 users

General Information

Office(s) Australia, China, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States Australia, China, New Zealand, Philippines, Singapore and United Arab Emirates
Regulation CFTC/NFA, 0509630
FCA (UK) 195355
ASIC 318232
DFSA (Dubai), 2758
FCA (UK), 509746
FSCL (New Zealand), FSP518226
Established 1974 2007
Minimum Deposit $1 $1
Maximum Leverage 1:50 1:400
Spread Variable Variable
Commissions $3 $7
Minimum Position 0.01 lot 0.01 lot
Payment Credit/debit cards and Wire transfer BPAY, Credit/debit cards, Neteller, Skrill and Wire transfer
Official Website Visit IG Visit Axi

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English, French, German, Italian, Japanese, Portuguese, Spanish, Swedish Arabic, Chinese, Dutch, English, German, Hungarian, Indonesian, Italian, Polish, Thai, Vietnamese
Email Support
Call Support
Chat Support

Reviews

General Review Read IG Review Read Axi Review
User Reviews

Silente

Aug 22 2020

Dreadful customer support. The app is brilliant but suffers with glitches. I tried to buy a fund and it kept give me error result.


Rizky Hussein

Aug 20 2020

IG apps sometimes unresponsive which result me cost more money. They need to broad their data research and news in relation to trades feeds.


Rachel

Aug 19 2020

I wanted to trade Forex on the MT4 platform, but it is not possible to set pending orders close to the market price. For some cross pairs, pending orders must be a minimum of 20 pips away from market price! I always trade with pending orders so I was forced to change broker.


Paul Klein

Aug 18 2020

I do not recommend using IG and moved to another platform. The app flicker and jams on daily basis making all trades impossibles and blocked for days as slow and even failure to respond or return scheduled call. Statement is reporting false activities and numbers are going all over the place.


Mr. Reviewer

Aug 17 2020

Overall my experience with IG was positive. The only issue I had was when trying to withdraw funds from my ISA through the app. It gave conflicting information and I lost confidence in it. A call to the help desk cleared it up and Sharath was very helpful.


Ibrahim

Aug 15 2020

IG is great as the markets are very accessible and the spreads are low but trade execution can be slow and you end up losing out. During a market spike their price settlement sets you off your price every time. They trade with “Instant execution” and not Direct “Market Execution” that guarantees you the price you quote without delays.


Fergusson

Aug 11 2020

Very happy with my account with IG. There partnership with pro real time makes for excellent charting software. Any queries have been swiftly replied to. Spreads are reasonable and placing trades are responsive with little slippage on day trading.


Dominic

Aug 10 2020

The introduction of quarterly fees for holding positions has put me off entirely and I’m gradually moving my positions to another platform with no fees.


Clayton

Aug 8 2020

The representative replied quickly and handled what I had requested before replying and giving me the run around. Thank you so much.


Andrea

Aug 7 2020

I opened an account with IG, and provided all documents they asked, they verified those documents, but my account is still pending. Their customer service service doesn't reply to my emails.


Xerene

Aug 5 2020

You can see the open trade only if you choose the direct account of if. You don’t see it in the meta trader. Or you check your paper statement. I close the account.


Edward122ZP

Jul 28 2020

I have been trying to call them for days. I got a hold of a representative one time after waiting for a very long time. They did respond to my e-mail eventually.


Mick81

Jul 23 2020

They should fired all their support people asap. 3 weeks ago we sent all the documents and still waiting for the account to be opened. Zero confirmation from them.


Rampsey

Jul 18 2020

Been with IG fore some times, and never had a complaint, plenty of queries which were usually dealt with timely and to satisfaction. Good platform, very wide range of markets, variable spreads so very tight except for occasional short periods when there is very high volatility in the market or at such times when there is a lack of liquidity (not good times for retail to be trading anyway). Definitely would recommend to friends.


Ryan123

Jul 15 2020

I had some horrible experiences at first with customer service. My latest experience was for a significant withdrawal which ended up working out ok. The only reason I am switching brokers is because their system doesn't work for my needs.
If you prefer GMT close candles, normally trade just the majors, small account size, swing/position trader, this broker is for you. These things are not me.


intercarro01

Jul 13 2020

I tried to open a trading account but because IG representative behave like an encyclopedia salesman, I'm just not sure anymore.


Lindsay

Jul 10 2020

Since I've signed up with them a little over a week ago its been issue after issue. The system always being offline, not connected to MT4. I keep missing my entry points in trades due to the error message "Not Connected" & "Off Quotes" indicating they have connection issues. I'm very annoyed.


Daniel

Jul 9 2020

There are far better brokers out there. When trading through IG it is very clear you are trading with a b-book broker. They send out dodgy trade ideas daily. They make their own pricing when the markets are closed, including on weekends. When the market is closed and they are offering their own pricing, they blatantly chase stop losses. This kind of thing happens almost every time you have an open position in one of their grey markets during a trading break. Overall, I'd say dont bother with IG, even though they are market leaders, they are most definitely dodgy and only want you to lose money.


Delakay

Jul 8 2020

Dont trade with this broker. IG steals your money by triggering your stoploss. They are a bunch of stoploss hunters which give a shit about your clients. Your core business is taking the other side of the trades and stealing points from poor retail traders who dont know what they are doing. Shame on you IG, I thought you were different than other brokers!


Greg Hutt

Jul 1 2020

I have found broker with far less restrictions and more helpful. Chat service are not that knowledgeable. Severe restrictions on what you can set as a take profit on major currency pairs.


Rosemary

Jul 22 2020

Axitrader broker is the good one, but their support service is less responsive. I wish they can improve their services for the clients.


Kristen Porrat

Jul 22 2020

Mt4 NexGen provides advanced management tools, advanced order processing, and sentiment trading tools. This platform is suitable for those who are already professional. Anyway, I use it by myself and it's incredibly great!


Shafa Sahara

Jul 22 2020

AxiTrader offers the Indonesian language on its website. It is very useful for those who are less fluent in English, like me :D

Thank you, AxiTrader!


Start Trading

Open Real Account Open IG Real Account Open Axi Real Account


Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, IG provides their pricing with Variable while Axi offers Variable.



IG vs Axi: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, IG enables trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days). The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, Axi provides trading with MetaTrader 4 (Limited with 30 days) with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is IG or Axi better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, IG supports trading with Forex, CFD, Oil, Spread betting, Cryptocurrencies, Gold & silver, while Axi presents the ability of trading with Forex, Gold & silver, CFD, Oil, Indexes.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

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