Axi vs Switch Markets - Forex Broker Comparison (April 2026)
Head-to-head comparison of Axi and Switch Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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Axi
Built by traders, for traders
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Switch Markets
Australian-Backed Multi-Asset CFD Broker With 1:1000 Leverage
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| Overview | ||
| Trustpilot Rating | 4.1 | 4.6 |
| Trustpilot Reviews | 6,224 | 864 |
| Headquarters | Australia | Australia |
| Founded | 2007 | 2019 |
| Best For | Algo Trading Beginners Copy Trading Day Trading Education High Leverage Low Deposit Low Spreads Scalping Swing Trading News Trading Hedging Zero Spread No Commission Professional | Beginners Low Deposit High Leverage Low Spreads Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | ASIC (Australia) FCA (UK) CySEC (Cyprus) DFSA (Dubai) FMA (New Zealand) | VFSC (Vanuatu) FSA (St. Vincent and the Grenadines) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | FSCS up to GBP 85000 (UK/FCA), ICF up to EUR 20000 (EU/CySEC), plus Lloyd's of London insurance up to $1M per client | None (offshore entity). Client funds held in segregated accounts at tier-one banks. |
| Trading Costs | ||
| Min Spread | 0.0 pips (Pro/Elite), 0.6 pips (Standard) | From 0.0 pips (Pro), From 1.4 pips (Standard) |
| Commission | $0 (Standard), $7/lot RT (Pro), $3.50/lot RT (Elite) | $3.50/lot/side ($7 round turn) on Pro, None on Standard |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | $10/month after 12 months of inactivity | None |
| Deposit/Withdrawal Fees | None (third-party payment provider fees may apply) | No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day. |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global), 1:30 (EU/UK/AU retail) | 1:1000 (Global) |
| Min Deposit | $0 (Standard), $500 (Pro), $25000 (Elite) | $50 |
| Execution Type | ECN | STP |
| Stop Out Level | 20% | 20% |
| Margin Call Level | 100% | 50% |
| Instruments | 70 Forex 100+ Stocks 30 Indices 13 Commodities Metals Energies 30 Crypto 150+ Futures | 65 Forex 1319+ Stocks 26 Indices 15 Commodities 2 Metals 2 Energies 41 Crypto |
| Currency Pairs | 70 | 65 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ❌ No |
| Education | Axi Academy eBooks Video Tutorials Webinars Blog MT4 Tutorials | Trading Academy Video Tutorials Trading Glossary Market News Economic Calendar Webinars |
| Account & Support | ||
| Account Types | Standard Pro Elite Islamic Demo | Standard Pro (Raw) Islamic PAMM Demo Micro |
| Payment Methods | Credit/Debit Cards (Visa Mastercard) Bank Wire PayPal Skrill Neteller FasaPay Crypto (Bitcoin) Perfect Money | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) Globepay Paytrust Nganluong |
| Withdrawal Speed | 1-3 Days (bank wire), Instant (PayPal, e-wallets) | Same Day (most methods, processed within 1 business day) |
| Support Hours | 24/5 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone (multilingual) |