AxiTrader
FP Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while FP Markets was established in 2005 and is based in Australia. AxiTrader holds licences including Financial Conduct Authority (FCA), while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. AxiTrader serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $0 at AxiTrader and $100 at FP Markets.
| Feature | AxiTrader | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2007 | 2005 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and FP Markets, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $100 at FP Markets). AxiTrader charges withdrawal fees while FP Markets does not, a notable advantage for frequent withdrawers. AxiTrader charges deposit fees; FP Markets does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
AxiTrader offers MT4, MT5, cTrader, while FP Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | AxiTrader | FP Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AxiTrader and FP Markets compare. FP Markets runs regular live webinars; AxiTrader does not. FP Markets has a video library; AxiTrader does not. FP Markets publishes daily market commentary; AxiTrader does not. FP Markets integrates third-party research tools (Trading Central); AxiTrader does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | AxiTrader | FP Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AxiTrader accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while FP Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). FP Markets uniquely supports PayPal and Skrill among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | AxiTrader | FP Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AxiTrader and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. AxiTrader offers multilingual support. Both brokers are comparable on support quality.
| Feature | AxiTrader | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | Not available |