Head To Head Forex Broker Comparison Of

Pepperstone vs AxiTrader

View the October 2018 Pepperstone vs AxiTrader comparison table below based on their forex trading platform, service levels and fees. You can also view the individual Pepperstone review and AxiTrader review on their individual write-up pages. View the Pepperstone vs AxiTrader fx comparison and find the right broker to suit your needs.

Strengths

1. ECN spreads and low fees
2. Choice of cTrader or MT4 and MT5 Trading Platforms
3. Fast execution speeds
4. Highest leverage
5. Award-Winning Customer Service

1. Low spreads through their Pro Account
2. Medium-High leverage of 400:1
3. Enhanced MT4 Trading with NexGen
4. Award-Winning Customer Service
5. No Minimum Deposits

Weaknesses

1. No guaranteed negative balance protection
2. Some CFDs Not Offered (ie Shares/Stocks)
3. Minimum deposit of $200.

3. Lack of Trading Platform options
4. Leverage is 400:1
5. Not an ECN trader

Spreads + Commissions

Spread Value

9.2
Commission Value

9.9
Spread Value

8.7
Commission Value

9.9

Forex Trading Platform

1. MetaTrader 4 with Smart Trader Tools
2. cTrader with cAlgo for trading with robots.

1. MetaTrader 4 with MT NexGen

Execution Speeds

Trading Speed

10
Trading Speed

8.5

Leverage

500:1

400:1

Risk Management

1. Margin Stop Loss Order
2. Automated Negative Balance Protection
3. Regulated by Australia Securities & Investments Commission (ASIC)
4. Segregated accounts with National Australia Bank

1. Australia Securities & Investments Commission (ASIC) Regulated
2. Financial Conduct Authority (FCA) Regulated
3. Minimum Balance
4. Margin Stop Loss Orders

Other CFDs (eg Crypto)

1. Index CFDs
2. Precious Metals
3. Energy
4. Soft Commodities
5. Bitcoin / Bitcoin Cash
6. Ethereum
7. Dash
8. Litecoin

1.Bullion, Metals, Commodities
2. Gold and Silver
3. Oil
4. Indices
5. Bitcoin

Customer Support

Award winning customer support based (Investment Trends.)
1. Live Chat (24/5 hour support.
2. Telephone (24/5 hour support)
3. Call Back request
4. Email Support

1) Live Chat is available (24/5)
2) Telephone Support (24/5)
3) Email

Joining Bonus

Bonus Qantas Frequent Flyer Points

No Joining Bonus offered

Funding Methods

1. Credit Card/Debit Cards (Visa and Master Card)
2. PayPal
3. Neteller
4. QIWI
6. Skrill
7. UnionPay
8. Bank Wire Transfer
9. Bpay
10. FasaPay
11. Broker to Broker
12. Poli

1. Debit and Credit Cards (Visa, Mastercard, Maestro, JCB)
2. Neteller
3. Skrill/Moneybookers
4. Global Collect
5. BPAY
6. China Union Pay (only for Chinese residents)
7. Bank Transfer
8. Broker to Broker Transfer

Reviews

Trustpilot
4 out of 5 stars- ‎351 reviews

Trustpilot
3 out of 5 Stars - 3 reviews

Recommended For

1. Experienced high volume traders (Active Traders)
2. Traders utilising automated trading and scalping
3. Forex traders who value competent customer support

1. Beginner traders as it has realistic demo account
2. Discretionary traders needing low deposits
3. Traders needing award winning customer support

  • Likelihood to Recommend
  • Feature Rating Comparison
  • Pros
  • Cons
  • Likelihood to Review
  • Usability
  • Support
  • Implementation

1. Experienced high volume traders (Active Traders)
2. Traders utilising automated trading and scalping
3. Forex traders who value competent customer support

1. Beginner traders as it has realistic demo account
2. Discretionary traders needing low deposits
3. Traders needing award winning customer support

  • Likelihood to Recommend
  • Feature Rating Comparison
  • Pros
  • Cons
  • Likelihood to Review
  • Usability
  • Support
  • Implementation
  • Likelihood to Recommend
  • Feature Rating Comparison
  • Pros
  • Cons
  • Likelihood to Review
  • Usability
  • Support
  • Implementation

Pepperstone vs AxiTrader Forex Brokerage Fees

There are significant differences when viewing Pepperstone vs AxiTrader based on their most popular accounts ‘Edge Razor Account’ vs ‘Pro Account’. The table below shows Pepperstone and AxiTrader along (with other traders) and their fees.

Pepperstone when compared with AxiTrader for ‘ECN style’ accounts, one can see that spreads on AxiTrader are more than Pepperstone.  Both Pepperstone and AxiTrader are ECN forex brokers. ECN forex brokers unlike market makers trade with banks and liquidity pools directly avoiding trading desk interference.

Pepperstone Razor AccountPepperstone Edge Razor Account

The Pepperstone edge account has a low commissions of $3.50 per $100k (commission is in AUD). Lots can be traded at a minimum of 0.01 and a maximum of 100 lots. The minimum amount that can be deposited to be eligible for a Razor account is $200 AUD.

Other features include:

  • Leverage up to 500x the deposit
  • Scalping
  • Hedging
  • Expert Advisors (EAs)

Pepperstone Active Traders accountHigh volume trader can received further discount through used of their ‘Active Traders’ Account. This is a cash rebate program with potential saving of over 40% on commissions charged when trading. Traders can receive a $1 reduction after 200 lots are traded in a month, $1.50 after 1,500 or $2 after 1,500 lots are traded. The largest publicised rebate is $3 which is offered after 2,500 lots are traded in a month while additional commissions can be negotiated for lots larger than this.

Pepperstone further reduces prices with their Price Improvement Technology. This technology applies the better price in the event spreads change to be more favourable for the trader during execution.

AxiTrader MT4 Pro Account

AxiTrader Pro AccountAxiTrader has an ECN account similar to Pepperstone’s Razor called the MT4 Pro account. Spreads are in-line with the Pepperstone Razor account with $3.5 commissions charged per 100k. Lot sizes are also similar with a maximum of 100 lots and minimum of 0.01 lots. Deposits can be lower than a Razor account from just $0 rather than $200.

Other features include:

  • Leverage up to 400x the deposit
  • Scalping
  • Hedging
  • Expert Advisors (EAs)

AxiTrader also have a Positive Price Improvement Program which is the same as the same as Pepperstone’s Price Improvement Technology.

Aside from the spreads, the main difference when Pepperstone and AxiTrader ‘ECN’ style accounts it the minimum deposits. AxiTrader will allow users to open an account without a deposit. Traders however will want to have at least $200 in their account when trading.

Trading Spreads And Commission Conclusion

To achieve the lowest spreads and fees we recommend Pepperstone. Pepperstone have lower spreads making them the recommended Australian forex broker with further lower commissions on offer for higher volume traders through their active trader program.

Open a demo account >>Visit Pepperstone >>

Comparing The Fx Trading Platforms

It was noted when making Pepperstone vs AxiTrader that they both use the same platform (MT4). MetaTrader 4 remains the most used forex platform worldwide with a large number of forex brokers offering the software. Both Pepperstone and AxiTrades offers MetaTrader 4 (MT4).  MT4 which is the worlds most popular forex trading platform and many traders offer Mt4. Using MT4 means traders can easily switch to other brokers that use the same platform. MetaTrader 4 is designed for traders of all levels. Both Pepperstone and AxiTrader offer tools that will be of benefit to basic and advanced users.

Smart Trader Tools By Pepperstone

Pepperstone vs AxiTrader Add-On For MetaTrader 4

Smart Trader Tools is the Pepperstone Add-On while AxiTrader has MT4 enhancement tool. Both offer the same 10 features including:

  1. An Alarm Manager that alerts traders when a trigger is reached
  2. Connect (Pepperstone) / Economic Calendar (AxiTrader) offering RSS news, guides and an economic calendar.
  3. Correlation tools to find similarities to other markets including the Correlation Matrix.

Smart Trader Tools  and NexGen give traders using MetaTrader 4 the tools to make trading decision.  Market sensitive data is also sent to traders to alert them to events that impact market volatility.

cTrader Forex Trading Platform

cTrader is an alternative platform to MT4. This is offered by Pepperstone only. Its main difference is the ability to personalise the interface for personal preference.  Benefits include a more modern and attractive interface compared to MT4. This interface that can be customised and has detachable charting options.

Forex Platforms Conclusion

Both Pepperstone and AxiTrader offer the same range of features on the MT4 platform. Pepperstone unlike AxiTrader also offer cTrader which might suit a small portion of traders depending on their preference or needs. Overall, our best forex trading platform comparison found Pepperstone to be stronger in this area.

Open a demo account >>Visit Pepperstone >>

Pepperstone vs AxiTrader Execution Speeds

Australian ECN Forex brokers are heavily reliant of fast execution speeds between to liquidity markets. The distance between Australia and major financial centres can result in lag issues when executing trades which can lead to ‘slippage’. Pepperstone and AxiTrader use different solutions to overcome ‘slippage’ issues.

Pepperstone Edge Technology:

Pepperstone Execution

  1. An optic fibre connection for Enhanced Execution can achieve a potential maximum speed of 240ms. This is an improvement of 12x previous Pepperstone execution infrastructure.
  2. Equinix Servers in New York next to liquidity pools to increase tenfold latency reduction. This is by minimising the distance between MT4 servers and other providers.

Pepperstone uses the most advanced infrastructure to achieve the best execution speeds. This means traders in Australia can be confident ‘slippage’ risks are very low.

AxiTrader Virtual Private Servers (VPS)AxiTrader Australia VPN Forex Setup

VPS allows traders access to their own (virtual) servers close major financial centres where liquidity providers are located. This helps overcome latency issues of ‘slippage’ caused by distance between trader and liquidity provider.  Traders can also benefit from VPS because the servers are running 24/7. No downtime is especially handy for traders using automation tools in order trade at all hours.

VPS providers offered by AxiTrader include ForexVPS, Metatrader VPS, Commercial Network Services, BeekSFX. Deals with each of the VPS providers are offered if trades reach a certain volume per month. AxiTrader will credit $35 each month more than 20 lots are traded towards  ForexVPS or Commercial Network services.

The speed AxiTrader providers is suitable for most everyday forex traders. It’s only those these trade high volumes or use automation that should consider using a VPS to maximise execution speeds helping avoid slippage and delays in filling orders.

Speed Recommendation

Both Pepperstone and AxiTrader offer excellent solutions to achieve fast execution. AxiTrader use of a VPS gives is a slight edge while our best forex broker comparison found IC Markets to be the category leader. In reality most ECN forex brokers have fast execution speed in a Pepperstone vs AxiTrader head-to-head, AxiTrader may have a slight edge on speed.

Open a demo account >>Visit AxiTrader >>

Pepperstone vs AxiTrader Leverage & Risk Management

AxiTrader offers leverage of 400:1. This is lower than Pepperstone’s 500:1. Leverage is levels the fx broker will let traders borrow from them to execute an order. If their initial amount is $100 and leverage is 500:1 then the trader can borrow $5000. The higher the leverage, the higher the risk.

Both Pepperstone and AxiTrader fall under the regulation of two jurisdictions. These are Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority of the United Kingdom (FCA).

Pepperstone vs AxiTrader Stop LossPepperstone and AxiTrader use automated ‘margin call’ (also sometime called ‘minimum balance protection‘). MT4 has a feature which seeks to exit forex traders before their account balance goes into negative. There is however no guarantee traders will be able to exit before account goes into negative. Conservative and inexperienced traders will want to avoid forex trading when forex market appears extremely volatile.

Both Pepperstone and AxiTrader also offer a stop loss feature within the MetaTrader 4 platform.  A stop loss order is an instruction to close your forex position when the forex reaches a set price. This can minimise a traders losses if the forex market does not move in their favour. Like with minimum balance protection, this is not guaranteed. easyMarkets offer guaranteed protection.

Lastly both Pepperstone and AxiTrader have a take profit option. Similar to a stop loss this feature is actually the reverse. This means exiting after a position has been hit at a favourable pre-determined level.

Both Pepperstone and AxiTrader offer the same ‘default’ features that are available on the MT4 platform. Neither brokers offers guaranteed protection or specialised Risk Management tools. Brokers such as easyMarkets and Plus500 however offer guaranteed protection.

Conclusion On Leverage And Risk Management

Pepperstone and AxiTrader have the same risk management features. Pepperstone on the other hand have a higher leverage level of up to 500:1. A trader though can request a lower leverage level. Based on this Pepperstone was the recommended broker.

Open a demo account >>Visit Pepperstone >>

Non Forex Trading Broker Comparison

Pepperstone vs AxiTrader BitcoinMaking a Pepperstone vs AxiTrader review both brokers were found to offer Indices trading, bitcoin, regular and soft commodities. If you intend to trade with a range of cyptocurrrencies then Pepperstone is the recommended choice when selecting a broker.  Pepperstone offer BitCoin, BitCoin Cash, Dash, Ethereum, Dash and  offer a leverage of 5:1. AxiTrader on the other hand only offer Bitcoin but unlike Pepperstone offer leverage of 10:1.

As neither brokers offer the following – Bonds, Futures, Stocks. Depending on their needs, Clients may want to consider the absence of these offerings when selecting a broker.

Pepperstone vs AxiTrader Conclusion – Other CFDs

When we compared Pepperstone and AxiTrader for their CFD offerings. We found that both Pepperstone and AxiTrader offer a range the same CFDs but Pepperstone offered more cryptocurrency choices. Pepperstone is the winner when it comes to non-currency trading products including CFDs.

Customer Service Comparison

A head-to-head Pepperstone vs AxiTrader on the surface seems to be a tie, with both offering:

  • Live Chat
  • Phone Service
  • E-mail
  • 24/5 support

The difference comes to the quality of the service provided with Pepperstone having a reputation for its outstanding customer service. In 2016 and 2017 their outstanding customer service was recognised when ‘Investment Trends’ awarded them number #1 for this category. Pepperstone customer support team consists of real traders therefore they can help answer questions from both beginner and expert traders.

Pepperstone Customer Service Awards

atoZforex.com found AxiTrader was the winner when it came to the 2017 industry award for the most reliable forex broker. This highlights the strong customer service offering provided by AxiTrader. Below shows some other awards and key dates since AxiTrader was founded in 2007.AxiTrader Award Winning

Pepperstone vs AxiTrader Conclusion – Customer Service

While this category may seem close, the fact that Investment Trends which is judged by real Australian forex traders consistently awards Pepperstone as the leader for customer service led to them been awarded first.

Open a demo account >>Visit Pepperstone >>

Joining Bonus, Deposit and Withdrawals

Pepperstone Qantas BonusOne big advantage of Pepperstone over AxiTrader is that Pepperstone offers a joining bonus while AxiTrader does not.New clients when signing up for the first time will receive 10 frequent flyer Qantas frequent flyer points for each $1 deposited. A maximum of 10,000 points will be awarded.

Our Pepperstone vs AxiTrader comparison also found Pepperstone having a greater range of financial providers for deposits and withdrawals. For example Pepperstone offers QIWI and Poli but AxiTrader don’t. Neither broker charge fees for deposits or withdrawals but international institutions may charge their own fee.

Pepperstone.

Pepperstone Funding Methods

When a  withdrawal request is made prior to 7:00am Australian Eastern Standard time it will processed the amount the same day. After this time-slot the forex trader will need to wait until the following working day. Withdrawals need to be made to the same account that funded the account. Withdrawals can take up to five working days to clear and be sent overseas.

AxiTrader.

AxiTrader doesn’t offer same day withdrawals, rather all transfers within Australia take one to two to clear. International accounts like Pepperstone can take up to five business days. Funds will be withdrawn back into the account via Neteller or directly into the bank account that funded it.

Conclusion

Pepperstone has superior funding and withdrawal methods and a joining bonus through frequent flyer points. This made it superior in this category.

Open a demo account >>Visit Pepperstone >>

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