When choosing between DecodeFX and Axi, four points decide it: commissions, minimum deposit, trading tools and the offers running now.
This article compares the figures on this site's broker pages (DecodeFX checked 4 August 2026, Axi checked 10 September 2026). For no-commission accounts, DecodeFX STD via this site starts from 0.34 pips and Axi Standard from 0.7 pips. By the end, you can choose by your own conditions.
Conclusion: compare DecodeFX and Axi by your own conditions
- No-commission account: Axi Standard from 0.7 pips, DecodeFX STD via this site from 0.34 pips
- Accounts from 0.0 pips: Axi Premium at USD 4.5 round turn, DecodeFX PRO at USD 7 per lot (the setting via this site)
- Minimum deposit: no set amount for Axi Standard, USD 100 for DecodeFX STD and PRO
- Trading environment: Axi has an app and copy trading, DecodeFX has its own app and an API
- Maximum leverage: 1:2000 at DecodeFX, 1:1000 at Axi (both with conditions)
Both brokers are listed on this site. The figures come from the verified data on our broker pages. They do not promise trading results or withdrawals. Give priority to what the sign-up screen and client portal show.
DecodeFX vs Axi comparison table: spreads, commissions and minimum deposits
The account conditions below come from the data on our broker pages. The checking date differs for each broker.
| Item | DecodeFX | Axi |
|---|---|---|
| Account types | STD, PRO, CENT | Standard, Premium, Elite |
| Spread on no-commission accounts | STD: from 0.34 pips (IB setting via this site; the official figure is 0.9 pips) / CENT: from 1.7 pips | Standard: from 0.7 pips (EUR/USD) |
| Accounts from 0.0 pips | PRO: USD 7 per standard lot (setting via this site; the official figure is USD 5 round turn) | Premium: USD 4.5 round turn / Elite: USD 3.5 round turn (both per lot) |
| Minimum deposit | STD and PRO: USD 100 / CENT: USD 1 | Standard: no set amount / Premium: USD 500 first deposit / Elite: USD 25,000 first deposit |
| Maximum leverage | Up to 1:2000* | Up to 1:1000* |
| Japanese-language support | Check the latest guidance from the Japanese-language desk | Japanese site and help centre available |
※ *Maximum leverage depends on conditions such as account, instrument and balance. Axi account names and first-deposit amounts are information from an Axi representative (10 September 2026). The current official Japanese page shows EUR/USD 0.68 pips and a recommended minimum deposit of USD 100. Check the sign-up screen for the final figures.
Axi's 0.7 pips is the minimum variable spread on EUR/USD. DecodeFX's 0.34 pips is the setting on STD accounts opened via this site.
STD conditions differ by IB (referrer). Do not apply a figure you saw under another referrer.
Comparing with commissions included: no commission or from 0.0 pips
Trading cost is the spread (the gap between the sell and buy price) plus the trading commission. On a no-commission account, the spread alone is enough to compare.
| Account | Trading commission | Approximate pips equivalent |
|---|---|---|
| DecodeFX PRO | USD 7 per standard lot (setting via this site) | About 0.7 pips |
| Axi Premium | USD 4.5 round turn per lot | About 0.45 pips |
| Axi Elite | USD 3.5 round turn per lot (first deposit USD 25,000) | About 0.35 pips |
※ The pips equivalent is this site's calculation, assuming 1 pip on 1 standard lot of a USD-quoted pair is about USD 10. Actual amounts change with yen-quoted pairs and the account currency. Spreads vary, and you cannot always trade at the minimum.
The more often you trade, the more the commission difference adds up. If you trade rarely, a no-commission account may be enough.
- Want simple costs: Axi Standard or DecodeFX STD
- Want to manage costs in detail with commission included: Axi Premium or DecodeFX PRO
- Have large funds and want a lower commission: Axi Elite (first deposit USD 25,000)
Offshore forex spread comparison: how to read total cost including commission →
DecodeFX vs Axi minimum deposit: starting small
- DecodeFX CENT: from USD 1 (spread from 1.7 pips)
- DecodeFX STD and PRO: USD 100
- Axi Standard: no set first-deposit amount (only the minimum for each deposit method)
- Axi minimum by deposit method: crypto 30 USD, Neteller 5 USD, Skrill and PayPal 10 USD
- Axi Premium: USD 500 first deposit (no limit from the second deposit) / Elite: USD 25,000 first deposit
Axi Standard can be started with only the minimum for each deposit method. At DecodeFX, CENT, which you can try from USD 1, is the option for small amounts.
The minimum deposit is only the lowest amount you can fund. It is not the amount that lets you keep trading. Work back from the loss you can accept to set your trade size.
Offshore forex minimum deposit comparison: by account type and how to start small →
Trading tools, leverage and zero-cut: the differences
| Item | DecodeFX | Axi |
|---|---|---|
| Trading environment | DecodeFX App, MT4, MT5, API | MT4, MT5, Axi trading app (Standard only), Axi Copy Trading |
| EAs and scalping | Allowed* | Check the conditions in the official terms |
| Zero-cut | Yes* (an application is required each time the account goes negative) | Yes* (check the terms for the conditions) |
| Stop out level | Check by account and conditions | Check by account and conditions |
| Own program | Not stated in this site's data | Axi Select (a deposit of at least 500 USD is required to take part) |
※ *For the conditions and exceptions on zero-cut and permitted use, the terms of each broker take priority. The stop out level is also not stated on DecodeFX's official account types page.
If you plan to use EAs or scalping, read the usage conditions in the terms first. DecodeFX allows them in this site's data, while for Axi you need to check the terms.
Zero-cut means you are not billed for losses beyond your account balance. At DecodeFX it requires an application. For Axi, check the conditions in the terms as well.
Operating entity and regulation: also check the FSA (Japan) listings
Check the contracting entity and its regulation before you open an account. The table sets out this site's data. DecodeFX's FSA (Japan's Financial Services Agency) listing follows the table.
| Item | DecodeFX | Axi |
|---|---|---|
| Applicable entity and regulation | Check on the sign-up screen | AxiTrader LLC / registered with the Saint Vincent and the Grenadines FSA (4303 LLC 2025) |
| Dispute resolution body | Not stated in this site's data | Member of The Financial Commission |
The FSA (Japan) list of unregistered operators includes Decode Global Limited (service name DecodeFX), listed in September 2025 (checked 17 October 2026). It is a public notice of solicitation without registration, not a finding of fraud.
DecodeFX review and safety: operator, licence and the FSA listing →
DecodeFX and Axi offers running now (October 2026)
As of 17 October 2026, this site lists three offers that are running. This site's data has no permanent deposit bonus for DecodeFX.
| Broker | Offer | Main conditions | Period |
|---|---|---|---|
| DecodeFX | Peska deposit cashback: JPY 5,000 or 35 USD | Submit the application form. If Peska is your first deposit route, a single deposit of JPY 50,000 or 350 USD or more plus 2 lots. If you have already deposited, a single deposit of JPY 100,000 or 700 USD or more plus 15 lots | Until 30 October (MT4/MT5 server time). Scheduled to be paid on 9 November |
| Axi | 25% cushion deposit bonus (JP25Axi): up to USD 500 | Apply the promotion code, make a first deposit of USD 125 or more and place at least 1 trade. The credit cannot be withdrawn | Until the end of October (the end time follows Axi's terms) |
| Axi | Peska deposit cashback: JPY 5,000 | Make a single deposit of JPY 50,000 or more to Axi via Peska and place at least 1 trade. Not eligible if you have already deposited via Peska | Until 31 October. Paid within 10 business days |
※ The details and end times follow each broker's own notice. Axi JP25 is not available to Axi Select participants or in combination with other promotions. DecodeFX offers also cannot generally be combined with other campaigns.
If you plan to deposit via Peska, you can check the conditions at both DecodeFX and Axi. Do not raise your deposit or trading volume just for an offer.
DecodeFX Peska deposit cashback: conditions and how to apply →
DecodeFX or Axi? Choosing by your conditions
| Your condition | Candidate |
|---|---|
| No commission, and you do not want to worry about a set first-deposit amount | Axi Standard |
| Try a live account with a small USD 1 deposit | DecodeFX CENT |
| Start with the from-0.34-pips conditions via this site | DecodeFX STD (conditions differ by IB setting) |
| From 0.0 pips, managed with commission included | Compare DecodeFX PRO and Axi Premium side by side |
| Try an own app or copy trading | Axi (the app is for Standard only) |
| Value maximum leverage of 1:2000 | DecodeFX (conditions apply by account, instrument and balance) |
※ No candidate promises trading results or profit. The higher the leverage, the larger the losses can be.
Three steps to check before opening an account
- 01Check the contracting entity and the FSA listing
Save the entity name and terms shown on the sign-up screen. Also match the entity name against DecodeFX's FSA listing.
- 02Choose the account type and deposit method
Decide between no commission and from 0.0 pips. Check the minimum for each deposit method and the withdrawal route beforehand.
- 03If you want an offer, read its conditions before you deposit
Axi JP25 requires the code to be applied before you deposit. DecodeFX's Peska offer requires you to submit the application form.
See Axi account types, trading conditions and current bonuses →
Frequently asked questions
Q. Should I choose DecodeFX or Axi?
A. It depends on your conditions. Axi Standard suits a no-commission account with no set first-deposit amount, DecodeFX CENT suits a small USD 1 deposit, and for accounts from 0.0 pips you compare with commission included. Make the final decision on the conditions on the sign-up screen.
Q. Which has the tighter spread, DecodeFX or Axi?
A. On no-commission accounts, the published figure is from 0.34 pips for DecodeFX STD via this site and from 0.7 pips for Axi Standard. The bases differ, however (STD is the setting via this site, and Axi is the minimum variable spread on EUR/USD). Actual spreads change with time of day and instrument.
Q. How different are the DecodeFX and Axi minimum deposits?
A. DecodeFX is USD 100 for STD and PRO and USD 1 for CENT. Axi Standard has no set first-deposit amount, only the minimum for each deposit method (for example, 30 USD for crypto). Premium is USD 500 for the first deposit and Elite is USD 25,000.
Q. Which has the lower trading commission, DecodeFX or Axi?
A. On accounts from 0.0 pips, DecodeFX PRO is USD 7 per lot (setting via this site; the official figure is USD 5 round turn), Axi Premium is USD 4.5 round turn and Elite is USD 3.5 round turn. In pips, that is roughly 0.7, 0.45 and 0.35 pips. Elite needs a first deposit of USD 25,000.
Q. Are there DecodeFX or Axi campaigns running now?
A. As of 17 October 2026, this site lists DecodeFX's Peska deposit cashback (until 30 October), Axi's JP25 bonus (until the end of October) and Axi's Peska deposit cashback (until 31 October). Follow each broker's own notice for the conditions and end times.
Q. Is DecodeFX on the FSA's list of unregistered operators?
A. Yes. Decode Global Limited (service name DecodeFX) was listed in September 2025 (checked 17 October 2026). It is a public notice of solicitation without registration, not a finding of fraud.
Sources and conditions
- Axi official: account types (Japanese, checked 17 October 2026) →
- Axi official: Japanese home page (display of the contracting entity) →
- DecodeFX official: account types (Japanese, zero-cut FAQ, checked 17 October 2026) →
- DecodeFX official: Peska deposit cashback (data on this site, checked 1 October 2026) →
- Japan FSA: names of unregistered operators of financial instruments business (checked 17 October 2026) →
- DecodeFX account types and trading conditions (this site) →
- Axi account types and trading conditions (this site) →
- Advertising disclosure and risk warning →
FX Textbook is an independent information site, not a broker or provider of personal investment advice. Forex and CFDs involve risk. You may lose some or all of your invested capital. No trading result is guaranteed.
NEXT STEP
Compared the conditions? Check DecodeFX's account conditions next.
The spreads, commission and maximum leverage of STD, PRO and CENT, and the steps to open an account, are set out on the broker page.
Brokers covered in this column
Account types, trading conditions and current offers are on each broker page.