1. Is AxiTrader Regulated?
  2. AxiTrader Pros and Cons
  3. Leverage
  4. Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platforms
  8. Conclusion on AxiTrader

Our Review Method

  • Our financial experts at 55Brokers with over 10 years of experience have thoroughly evaluated the broker’s offerings including platforms, spreads, fees, and verified regulations, as well as contacted its customer support to see the conditions to be able to give our expert opinion on AxiTrader

What is AxiTrader?

AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association.

  • In 2012 as a part of the company’s global enlargement campaign, the London branch AxiCorp Ltd was opened, as a wholly owned subsidiary of its Australian company.
  • Axi offers the following tradeable instruments: forex pairs, indices, commodities, and cryptocurrencies. Its product range is quite narrow compared to other brokers.

As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts. The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over 14 world’s largest banks.

Is AxiTrader an ECN Broker?

The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads. You can access 140+ currency pairs for forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4.

AxiTrader Pros and Cons

Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge. Its account opening process is smooth and fully digital.

For the negative points, the range of the instrument is narrow and limited to Forex and CFDs. The research tools are limited as well which is another drawback for beginners. Also, the broker’s customer support is not available 24/7.

Authorized by 2 top-tier regulatorsLimited Instrument Range
Good reputation and long years of operationPoor research tool range
Compensation SchemeNo 24/7 customer support
Negative Balance Protection
Low Forex Fees
Low Spreads
MT4 Broker
ECN Execution model

AxiTrader website

AxiTrader Review Summary in 10 Points
🏢 HeadquartersAustralia
🗺️ RegulationFCA, ASIC
📉 InstrumentsForex, Commodities as well CFDs and Indices, Bitcoin or Cryptocurrencies
🖥 PlatformsMT4
💰 EUR/USD Spread1.24 pips
💳 Minimum deposit$0
🎮 Demo AccountProvided
💰 Base currenciesAUD, GBP, USD, EUR
📚 EducationEducation center with analysis
☎ Customer Support24/5

Overall AxiTrader Ranking

Based on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers. We found broker’s low trading fees, also, traders can deposit as low as $1 since the broker doesn’t have any minimum deposit requirements, and overall conditions are good.

  • AxiTrader’s Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingAxiTraderIC MarketsTrading 212
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageLow DepositInstrumentsEducation

AxiTrader Alternative Brokers

Despite all the great conditions with low fees and minimum deposit, we noticed that Axi’s range of instruments is pretty narrow and limited to only FX and CFD. Also, the educational materials for beginners and research tools are limited, and the support is only 24/5. Have a look at our selection of alternative brokers:


For years AxiTrader has been consistently recognized for its outstanding trading service by industry awards, including being reliable and trustworthy. We have listed the most notable AxiTrader awards below:

  • UK Forex Awards Best MT4 Provider 2019
  • Best Forex Brokers Australia 2019
  • Best Forex Broker Middle East 2019

AxiTrader Awards

Is AxiTrader Safe or Scam?

Axitrader is not a scam but voted timelessly for its trustworthiness, with low-risk Forex trading. The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency.

Is AxiTrader regulated?

AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker.

In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes. As well as all online transactions, executions, or traders’ manipulations are fully encrypted and follow operational guidelines.

See our conclusion on AxiTrader Reliability:

  • Our Ranked AxiTrader Trust Score is 9 out 0f 10 for good reputation and service over the years. The broker ensures client safety through 2 top-tier regulators tailored with compensation scheme and negative balance protection
AxiTrader Strong PointsAxiTrader Weak Points
FCA and ASIC regulatedNot listed on Stock Exchange
Negative Balance Protection
Compensation Scheme
Segregated Accounts and excellent long history of operation

AxiTrader license

What is AxiTrader Leverage?

Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that high leverage can work in reverse too.

AxiTrader Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set.

  • The Australian clients of international traders that hold with ASIC-regulated AxiTrader accounts are entitled to up to 1:30.
  • Those traders that are operated under the European FCA regulation can use limited Leverage to a maximum of 1:30 on Forex instruments.

These updates took place quite recently and are obligatory for the authorized broker, yet you as a trader may choose under which entity to open an account and therefore, have an option of which leverage level to use.

Account types

AxiTrader is divided into 3 accounts – MT4 Standard Account, MT4 Pro Account, and Elite Account.

At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”. The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols.

Fast digital account opening Account Proposals may vary according to jurisdiction
Free Demo AccountDemo Account available only for 30 days
Low minimum deposit
Free VPS technology
Free Deposit
Islamic Account available

How to open an account with AxiTrader?

Opening an account with AxiTrader is quite easy, you just need to follow the steps of the account opening process, verify your details and select the account type of your preference. You can also choose whether you want to open Deo or Live account.

Here’s the quick instruction on how to open your account:

  • Choose your account type
  • Fill in your personal info
  • Identify yourself with an ID or a bank statement
  • Fund your account and start trading

AxiTrader Account Type


From one MT4 terminal client can access the full range of widely presented by the company trading options, including Forex, Commodities as well CFDs, and Indices, Bitcoin or Cryptocurrencies also can be traded the same way as major currencies. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option.

However, notice that UK residents can not trade cryptocurrencies since FCA banned Crypto trade in the UK. 

  • AxiTrader Market Range is ranked 7 out of 10. The broker offering is good but quite narrow and limited to only FX and CFDs. Also, the availability of some assets depends on the jurisdiction in which traders are registered.

AxiTrader Instruments

AxiTrader Fees

Overall, we found that AxiTrader fees are relatively low or no fees at all. The difference between AxiTrader pricing features the particular needs of a trader, while Standard account fees are built into the spreads, which start at 1 pip, and 0 pips at Pro Account along with committeemen to 7$ commission per round.

Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions.

  • AxiTrader Fees are ranked 8.6 out of 10 based on our research and expertise in comparison to over 500 brokers. Fees might be different based on the account choice. The broker might only charge fees for account inactivity. See the table of fees below:
FeesAxiTrader FeesFM markets FeesICM Capital Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageLowAverage


Our experts found that AxiTraders spreads are average and low. With AxiTrader you’ll be able to keep your trading costs quite low, as the broker shows market-competitive spreads across a wide range of currencies, commodities, and indices (see a table with average spreads for the standard account). During liquid times the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available.

  • AxiTrader Spreads is ranked 8.2 out of 10 based on our research and compared to other brokers. We found that the spreads for FX are in line with the industry average being 1.24 pips, while spreads for other assets are more attractive being relatively lower than the industry average
AssetAxiTrader SpreadFM markets SpreadICM Capital Spread
EUR USD Spread1.24 pips0.7 pips1.3 pip
Crude Oil WTI Spread0.053 pip4
Gold Spread26.8216 cents45
BTC Spread5040-

AxiTrader spreads

Deposits and Withdrawals

AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader.

As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well.

  • AxiTrader Funding Methods are ranked Excellent with an overall rank of 8.7 out of 10. The broker doesn’t have low minimum requirements meaning traders can trade with a deposit as low as $1. Fees are either none on very low. Also, the broker offers a multi-currency account which is a great plus

Here are some good and negative points for AxiTrader funding methods found:

AxiTrader AdvantageAxiTrader Disadvantage
Fast Digital depositing with cards and e-paymentConditions might vary based on the entity and account type
Multiple Account Base Currencies
No minimum deposit requirements
0$ deposits and free withdrawals

What is the Minimum Deposit at Axi?

AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. However, for its Elite account, it requires at least $25,000. This makes the broker ideal for trading with a small amount.

How do I withdraw money from Axi?

To withdraw money from Axi, you need to go through the following steps:

  • Log in to your account
  • Select ‘Withdrawal’ or ‘Withdraw funds’ from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

How long does it take to withdraw from Axi?

All withdrawals will be processed within 1-2 business days upon receipt. Withdrawal duration is varied depending on the withdrawal method.

AxiTrader deposits

AxiTrader Trading Platforms

Our research found that AxiTrader offers a full suite of  MetaTrader 4, presented in Web, Android, iPhone, and iPad versions. Good to note, that not all MT4 platforms are created equal, as the broker may invest in a co-located server and fiber optics, in order to process more accurate trading or not.

  • Overall, AxiTrader Platforms are ranked 7.9 out of 10 compared to over 500 other brokers. We consider the platform choice great as MT4 is one of the industry-leading platforms, also the broker offer Autochartist to strengthen your strategies.

Trading Platform Comparison to Other Brokers:

PlatformsAxiTrader PlatformsPepperstone PlatformseToro Platforms
Own PlatformNoYesYes
Mobile AppYesYesYes

Trading Tools

For the ones who hold multiple accounts the integrated software tool Multi Account Manager (MAM) is a great and available solution, which lets placing of large orders in bulk with speed and no limitation.

  • Since MT4 is a well-known and powerful enough platform with a broad array of available tools, AxiTrader’s users enjoy access to automated trading performed via EAs, enhanced connectivity with a range of extensions, and trading signals with allowance to share their strategies too.
  • As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation.


For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. The platform is filled up with better and proven features, which makes trading even better, and includes sentiment indicators, correlation traders, alarm managers, automated trade journals, and many more. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$.

Does Axi allow scalping?

Yes,  scalping is allowed by Axi meaning if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution. Besides, the broker also allows hedging and copy trading sophisticated strategies allowing traders to improve their trading experience.

AxiTrader platform

Customer Support

Since the broker faced a significant increase in its volumes, we noticed AxiTrader launched an operation and multilingual customer support in numerous locations and now covering China, Latin America, the Middle East, Germany, and more. Actually, and this is true that AxiTrader is known in the trading industry for its award-winning customer support.

  • We ranked AxiTrader Customer Support an overall rank of 8 out of 10. The broker provides excellent omnichannel multi-lingual support. The answers are clear and quick. The main point is that support is not available on weekends

See our Ranking on Customer Service Quality:

Quick responseNo 24/7 support
Relevant Answers
Supporting numerous languages
Availability of Live Chat

AxiTrader Education

As for education, we found that AxiTrader offers a good choice of educational materials including a huge choice of more than 60 video tutorials. The broker also offers video tutorials on MT4 trading as well, and multiple articles and eBooks regarding Crypto trading and both forex and stock markets to keep clients up to date. The broker also presents its Axi Academy educational portals with a great variety of free learning courses.

However, the broker lacks good research tools. The research section with the broker only provides access to an economic calendar and no other insightful research tools like other major brokers.

  • Overall, we ranked AxiTrader Education 7.8 out of 10 based on our research and expertise. The broker offers a great variety of educational materials in different formats. However, the broker lacks decent research tools

Is this Broker Good for Beginners?

AxiTrader is suitable for beginner traders. It offers in-depth articles on various trading topics to help and support traders improve their trading results. The broker also offers different video tutorials. Another advantage is that the broker groups the education material according to certain topics, to help both beginner and professional traders find the information they need easier.

AxiTrader education

AxiTrader Review Conclusion

Overall, we found the main Axi offering that adheres to accessing the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced ones. A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution.

As for the important question about margins, Axi offers access to flexible leverage options. In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service provided.

Based on Our findings and Financial Expert Opinion AxiTrader is Good for:

  • Experienced traders
  • Beginners
  • Technical Trading
  • Day Trading
  • Trading for UK Clients
  • Australian Trading
  • Scalping/Hedging and Copy trading
  • EAs trading
  • Trading through MT4
  • Currency Trading and CFD Trading
  • Traders preferring Autochartist
Robert From Czech Republic | | Friday, May 3, 2024

Axi Broker sets the gold standard for forex trading. Their platform is robust, user-friendly, and offers lightning-fast execution. Customer support is exceptional, providing prompt assistance whenever needed. Highly recommended!

Alan From United Kingdom | | Tuesday, April 30, 2024

Axi Select is an absolute game-changer for traders! The platform's intuitive interface and robust tools make trading a breeze. I love how responsive the customer support team is—they're always there to assist promptly with any queries.

Sami From Morocco | | Monday, April 29, 2024

I've been with Axi for over a year now, and I'm thoroughly impressed. The platform is intuitive, and their educational resources have helped me improve my trading skills significantly

Roberto From Chile | | Monday, April 1, 2024

As someone deeply involved in prop trading, Axi Select has been a game-changer. The platform's seamless execution and diverse array of trading strategies have elevated my performance to new heights.

Marco From Netherlands | | Friday, March 29, 2024

Axi is my go-to broker for forex trading, and for good reason. Their platform is user-friendly, making it easy for me to execute trades efficiently.

Marcin From Poland | | Tuesday, March 26, 2024

Axi has truly revolutionized my trading experience. Their platform is incredibly user-friendly, making it easy for both beginners and seasoned traders to navigate. The variety of trading instruments available ensures that there's always an opportunity to capitalize on market movements.

Edgar From Mexico | | Sunday, March 24, 2024

Exceptional service and seamless experience with Axi! Their platform is intuitive, making trading a breeze. Plus, their customer support team is incredibly responsive and knowledgeable.

Dave From Canada | | Sunday, February 25, 2024

The advanced charting tools provided by Axi empower traders with in-depth market analysis. The intuitive interface allows users to make informed decisions based on real-time data.

Cristian From Mexico | | Wednesday, February 21, 2024

Axi's dedication to providing educational resources has been invaluable. Their webinars, tutorials, and market insights have enhanced my understanding of forex trading, making it accessible even for those new to the market. This commitment to education sets Axi apart as a broker genuinely invested in their clients success.

Alan From Canada | | Monday, February 19, 2024

Axi Select prop trading platform offers unparalleled advantages with its lightning-fast execution speeds, allowing traders to capitalize on split-second opportunities in volatile markets.

Sander From Malaysia | | Wednesday, February 14, 2024

Axi has truly exceeded my expectations as a forex broker. The platform is user-friendly, offering a seamless trading experience. Their customer support is outstanding, always responsive and helpful. I appreciate the variety of trading instruments available, providing ample opportunities for diversification.

Chairul From Indonesia | | Monday, January 29, 2024

Axi has consistently proven its reliability in the forex market. From robust security measures to a variety of trading instruments, this broker offers a dependable platform. The responsive customer support further adds to the overall positive experience, making Axi my preferred choice for forex trading.

Arno From Netherlands | | Friday, January 26, 2024

Axi Select emerges as a true powerhouse in the realm of prop trading. The platform's robust infrastructure and state-of-the-art features provide traders with the tools they need to succeed in today's dynamic markets. It's a force to be reckoned with in prop trading.

Deng From Vietnam | | Wednesday, January 24, 2024

Axi Broker is a game-changer in the trading world! Their user-friendly platform and exceptional customer service make trading a breeze. I've had a fantastic experience with them.

Javad From Malaysia | | Thursday, January 18, 2024

Axi stands out with its state-of-the-art technology that redefines the trading experience. The platform's user-friendly interface provides seamless navigation, ensuring both novice and experienced traders can execute trades efficiently. With lightning-fast order execution, Axi minimizes latency, crucial for capturing market opportunities in real time. The integration of advanced charting tools enhances technical analysis, empowering traders to make informed decisions.

John Setters From Philippines | | Wednesday, December 13, 2023

Axi Select has become my preferred prop service due to its unparalleled access to substantial capital. This access allows me to explore diverse trading opportunities, scale my strategies, and venture into new markets. The program's financial backing gives me the flexibility to take calculated risks and pursue profitable avenues that align with my trading goals.

Dirk From Germany | | Wednesday, December 6, 2023

Axi offers a trading platform that is not only powerful but also intuitive. The user-friendly interface makes it easy for both beginners and experienced traders to navigate the platform effortlessly, facilitating a smooth trading experience.

No news available.

15 responses to “AxiTrader”

  1. Trading with Axi means lightning-fast order execution. This is crucial in the fast-paced world of trading, where every second counts.

  2. Axi provides an exceptional trading platform with lightning-fast execution. Their customer support is top-notch, always there to assist with any queries promptly.

  3. I have had an excellent experience with Axi Select prop trading platform. The platform’s robust technology ensures smooth and reliable trading execution, even during high market volatility. Additionally, the educational resources and market analysis tools provided have helped me improve my trading skills significantly. Overall, I highly recommend Axi Select to any trader looking for a dependable and feature-rich trading platform.

  4. Axi is renowned for its transparent pricing model and competitive spreads. Traders can confidently engage in the financial markets, knowing that they are getting fair and consistent pricing, which is crucial for optimizing trading strategies and managing risk effectively.

  5. Never ever use this broker, no matter how they sell their offers to you. Deposit is flawless but withdrawal is a pain in the ass. P.S. I have own an account with them for several months and this is not a 1 time occurrence in fact not a 20 time occurrence, it happens every time you make withdrawals

    I am using them because they offer PLN account. When you deposit they debit you immediately but when you want to withdraw they will send you a fake confirmation that your payment has been sent to their payment processor, and make you wait 1-2 days, at the end they will put the money back in your trading account and tell you that there is an error with their payment processor.

    Their motive is this, you will end up trading with the money they returned and losing it. To withdraw is like a war with them. I have screenshots and chats from them incase anyone wants to take this up especially the regulators.

    I am not the only victim here, I am sure there are others.

  6. Scam scam, I sent them 2k investment and they said oh it made 10k you have to pay another 1500 for the fees I sent that and they blocked me don’t waste your money with this company, the video they used for celebratory and other names they paid them for it for their scam

  7. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size.
    When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive.
    Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents.

  8. withdrawalls refused its a scam
    I have tried to withdraw my money from Live Account 441658 but they have refused the request
    I have sent updated details by pdf of my account
    i have tried to update my credit card details but can’t do so by the new client portal it wont let you update your details all it does is ask you for more funds for your account if you refuse to give them more money they block access to the portal
    If you call them they refuse to talk to you and tell you to do all transactions by the portal
    You can’t get any assistance from them

    Axi name Change
    I have done further research on this company and what is interesting is AXI Trader. has been investigated by asic and the company has been refused permission to trade as a cfd broker because fraud
    they have changed their name to AXI and still say that they are regulated by ASIC
    I guess that this means that I wont get any money back by Who, AXI or AXI trader
    what will be the next name they choose

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