Comparison of Axi and GMG Markets
| Feature | Axi | GMG Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2015 |
| Broker Type | STP | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SVGFSA, ASIC, NZ FMA, DFSA, FCA | FCA |
| Platforms | MetaTrader 4 (MT4), Axi Trading Platform | MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:30 |
| Minimum Deposit | $1 | $100 |
| Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP |
| Funding Methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Bank Wire, Visa, Mastercard |
| Inactivity Fee | $10/month after 12 months of no trading activity | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | FSCS | Financial Services Compensation Scheme (FSCS) |
| Protection Size | £85 000 | £85 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✖ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Shares (CFDs), Commodities, Cryptocurrencies | Currencies, Commodities (metals, energies), Indices |
| Review | Axi Review | GMG Markets Review |
About Axi
Axi is a multi-regulated broker founded in 2007 with a straightforward account setup: commission-free Standard or raw-spread Pro, and a VIP Elite tier. Traders can use MT4, MT5 (in selected regions), or the Axi Trading Platform, plus a dedicated Copy Trading app. The product list spans Forex, indices, commodities, 100+ share CFDs, ~30 crypto CFDs, and ETF CFDs. Add-ons include Autochartist, Trading Central, VPS, and the Axi Select funding program.
Pros
- Multi-entity regulation
- Elite VIP with ~$25k balance and $3.5 commission per lot
- Solid toolkit: Autochartist, Trading Central, VPS options
- Flexible funding incl. cards, e-wallets, and crypto; broad base currencies
Cons
- Inactivity fee after 12 months of no trading
- Share CFD universe is modest (~100 names) vs. largest competitors
- Elite requires high balance; not suitable for small accounts
About GMG Markets
GMG Markets is the trading brand of Global Markets Group Limited, an FCA-authorised firm based in the UK. The broker focuses on a simple, two-account setup on MetaTrader 5: a commission-free Standard account with spreads from about 1 pips, and a Raw Spread account with 0.0-pip pricing plus a fixed $7 round-turn commission. The UK entity offers a focused product list across forex, indices, and commodities, with maximum retail leverage capped at 1:30.
Pros
- UK FCA supervision; segregated client funds; potential FSCS protection up to £85,000
- Free VPS offering for automated strategies
- No broker fees for deposits/withdrawals; no inactivity fee reported
Cons
- Platform choice limited to MT5
- No copy/social trading
- Crypto-CFDs unavailable to UK retail clients; share/ETF CFDs not offered on UK site
Axi & GMG Markets Regulation
| Feature | Axi | GMG Markets |
|---|---|---|
Companies | AxiTrader Limited (AxiTrader), AxiCorp Financial Services Pty Ltd (AFSPL), AxiCorp Financial Services Pty Ltd (DIFC Branch), Axi Financial Services (UK) | Global Markets Group Limited |
Countries | St. Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom | United Kingdom |
Regulators | SVGFSA, ASIC, NZ FMA, DFSA, FCA | FCA |
Investor Protection | FSCS | Financial Services Compensation Scheme (FSCS) |
Investor Protection Size | £85 000 | £85 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Axi
AxiTrader Limited (AxiTrader), AxiCorp Financial Services Pty Ltd (AFSPL), AxiCorp Financial Services Pty Ltd (DIFC Branch), Axi Financial Services (UK)
GMG Markets
Global Markets Group Limited
Countries
Axi
St. Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom
GMG Markets
United Kingdom
Regulators
Axi
SVGFSA, ASIC, NZ FMA, DFSA, FCA
GMG Markets
FCA
Investor Protection
Axi
FSCS
GMG Markets
Financial Services Compensation Scheme (FSCS)
Investor Protection Size
Axi
£85 000
GMG Markets
£85 000
Publicly Traded
Axi
GMG Markets
Segregated Accounts
Axi
GMG Markets
Guaranteed Stop Loss
Axi
GMG Markets
Negative Balance Protection
Axi
GMG Markets
Account Types
| Account | Axi | GMG Markets |
|---|---|---|
STP Account | ||
| Account Name | Standard | Standard |
| Min Deposit | $1 | $100 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.9 | 1 |
| Fee | No | No |
| Max Leverage | 1:500 | 1:30 |
| Stop Out | 20% | 50% |
| Margin Call | 100% | 100% |
Zero Account | ||
| Account Name | Pro | Raw Spread |
| Min Deposit | $1 | $1200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.0 | 0.0 |
| Fee | $7 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:30 |
| Stop Out | 20% | 50% |
| Margin Call | 100% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
Axi
Standard
GMG Markets
Standard
Min Deposit
Axi
$1
GMG Markets
$100
Lot Size
Axi
0.01
GMG Markets
0.01
Spread Type
Axi
Floating
GMG Markets
Floating
Execution
Axi
Market
GMG Markets
Market
Min Spread
Axi
0.9
GMG Markets
1
Fee
Axi
No
GMG Markets
No
Max Leverage
Axi
1:500
GMG Markets
1:30
Stop Out
Axi
20%
GMG Markets
50%
Margin Call
Axi
100%
GMG Markets
100%
Zero Account
Account Name
Axi
Pro
GMG Markets
Raw Spread
Min Deposit
Axi
$1
GMG Markets
$1200
Lot Size
Axi
0.01
GMG Markets
0.01
Spread Type
Axi
Floating
GMG Markets
Floating
Execution
Axi
Market
GMG Markets
Market
Min Spread
Axi
0.0
GMG Markets
0.0
Fee
Axi
$7 per 1 lot
GMG Markets
$7 per 1 lot
Max Leverage
Axi
1:500
GMG Markets
1:30
Stop Out
Axi
20%
GMG Markets
50%
Margin Call
Axi
100%
GMG Markets
100%
Additional Features
Demo Account
Axi
GMG Markets
VIP Account
Axi
GMG Markets
Swap-Free Account
Axi
GMG Markets
Copy Trading
Axi
GMG Markets
VPS
Axi
GMG Markets
PAMM/MAM Accounts
Axi
GMG Markets
Funding and Fees
| Feature | Axi | GMG Markets |
|---|---|---|
Base currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Bank Wire, Visa, Mastercard |
Inactivity fee | $10/month after 12 months of no trading activity | |
Interest on margin | ||
Withdrawal fee |
Base currencies
Axi
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
GMG Markets
USD, EUR, GBP
Deposit and withdrawal methods
Axi
Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC)
GMG Markets
Bank Wire, Visa, Mastercard
Inactivity fee
Axi
$10/month after 12 months of no trading activity
GMG Markets
Interest on margin
Axi
GMG Markets
Withdrawal fee
Axi
GMG Markets
Trading Platforms and Conditions
| Feature | Axi | GMG Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), Axi Trading Platform | MetaTrader 5 (MT5) |
Execution Speed | - | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
Axi
MetaTrader 4 (MT4), Axi Trading Platform
GMG Markets
MetaTrader 5 (MT5)
Execution Speed
Axi
-
GMG Markets
-
Scalping
Axi
GMG Markets
Expert Advisors (EAs)
Axi
GMG Markets
Depth of Market (DOM)
Axi
GMG Markets
Spread
Axi
low
GMG Markets
low
Trading Assets
| Asset | Axi | GMG Markets |
|---|---|---|
Currencies | 69 | 64 |
Indices | 31 | 17 |
Stocks | 144 | 0 |
Cryptocurrencies | 35 | 0 |
Bonds | 0 | 0 |
Metals | 8 | 13 |
Energies | 5 | 3 |
Soft Commodities | 3 | 0 |
ETFs | 0 | 0 |
Currencies
Axi
69
GMG Markets
64
Indices
Axi
31
GMG Markets
17
Stocks
Axi
144
GMG Markets
0
Cryptocurrencies
Axi
35
GMG Markets
0
Bonds
Axi
0
GMG Markets
0
Metals
Axi
8
GMG Markets
13
Energies
Axi
5
GMG Markets
3
Soft Commodities
Axi
3
GMG Markets
0
ETFs
Axi
0
GMG Markets
0
Education and Analytics
| Feature | Axi | GMG Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Axi
GMG Markets
Indicators
Axi
GMG Markets
Robots
Axi
GMG Markets
Signals
Axi
GMG Markets
Autochartist
Axi
GMG Markets
Expert Analytics
Axi
GMG Markets
News Feed
Axi
GMG Markets
Education Articles
Axi
GMG Markets
Webinars
Axi
GMG Markets
Seminars
Axi
GMG Markets
Customer Support
| Contact | Axi | GMG Markets |
|---|---|---|
Email | service@axi.com | info@gmgmarkets.co.uk |
Phone | +61 2 9965 5830 | +442038653306 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Instagram | — | |
Twitter | — | |
TikTok | TikTok | — |
Email
GMG Markets
Phone
GMG Markets
Telegram
Axi
GMG Markets
—
YouTube
Axi
GMG Markets
—
Instagram
Axi
GMG Markets
—
Twitter
Axi
GMG Markets
—
TikTok
Axi
GMG Markets
—
Which Broker is Better?
After comparing Axi and GMG Markets, Axi comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.