Axi Review | AxiTrader Review

1. Is Axi Regulated?
2. Axi 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 Axi

What is Axi AxiTrader?

Axi is a Forex and CFDs broker based in Australia and founded in 2007, known by its previous trading name AxiTrader . After the successful operation in the first years, the broker already has been ranked among Australia’s most trusted Forex brokers with a strong brand association and quality trading offering.

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. Further on, as we make Axi Broker Review the company constantly grows and for now serves 9 offices worldwide

• Since 2021 Broker has been rebranded from AxiTrader to Axi
• Axi offers the following tradeable instruments: forex pairs, indices, commodities, and cryptocurrencies. Its product range is quite narrow compared to other brokers.
• Broker constantly enlarges its offering, and runs various offerings including Trading, Investing and Axi Select as Prop Trading allocation program that follow Axi protocol to obtain funded account.

As an established international group of companies, Axi provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts and stand on quality levels as we tested. The Axi’s clients also note and regard well access to various liquidity providers from over 14 world’s largest banks and indeed marking Broker constantly for its services.

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.

Axi Pros and Cons

Our experts find Axi or AxiTrader a reliable broker since it’s regulated by good authorities top-tier FCA and ASIC. Axi 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 quite limited as well which is another drawback for trading beginners. Also, the broker’s customer support is not available 24/7.

Overall Axi Ranking

Based on our Review and expert findings, Axi 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.

• Axi 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.

Axi 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:

• Trading 212 – Excellent Education for Beginners and Experts
• IC Markets – Good Range of Instruments
• InteractiveBrokers – Good for Trading Real Stocks

Awards

For years AxiTrader has been consistently recognized for its outstanding trading service by various awards, including being reliable and trustworthy and constantly gaining even more recognition by traders and industry alike. Here we have listed the most notable AxiTrader awards below:

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

Is Axi Safe or Scam?

Axi 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 Axi regulated?

Axi previously 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. Besides broker has international entity and established almost worldwide trading proposal. 

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 Axi Reliability:

• Our Ranked Axi Broker 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 making it a safe choice overall

What is AxiTrader Leverage?

Leverage is a quite well-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.

Axi 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.

Axi Account types

Axi or AxiTrader offering 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 AxiTrader Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols.

How to open an account with Axi?

Opening an account with Axi is quite easy, you just need to follow Axi Login and 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

Instruments

From one MT4 terminal Axi client can access the full range of widely presented by the company trading options, including Forex, Commodities as well CFDs, Indices, IPO CFDs, 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. So for Real Shares trading or Investing better to choose other Broker

Axi Fees

Overall, we found that Axi Trade fees are relatively low or no fees at all. The difference between AxiTrader pricing features the particular needs of a trader and based on the account you select, while Standard account fees are built into the spreads, which start from 0.9 pips, 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.

• Axi 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:

Spreads

Our experts found that Axi Trading spreads are average and low. So with Axi FX 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 on Pro account, and the broker truly adheres to ensure costs at the most competitive available.

• Axi Spreads is ranked 8.2 out of 10 based on our research and compared to other brokers. We found that the average spreads at Axi Trading for FX are in line with the industry average being 1.24 pips on average and 1.2 pips while making our test trade, also spreads for other assets are more attractive being relatively lower than the industry average

Deposits and Withdrawals

Axi AxiTrader account can be funded by several and various options that also defined by the region you reside in, and including Moneybookers/Skrill, Neteller, Wire Transfer, AXI Card Payments, and BPAY etc. 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 Axi 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.

• Axi Funding Methods are ranked Great 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 for money transfers 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:

What is the Minimum Deposit at Axi?

Axi has no minimum deposit requirements, means you are free to deposit any amount for its standard and PRO accounts, which is indeed competitive and great, yet make sure to deposit amount necessary for your margins to cover. However, for its Elite account, it requires at least $25,000. This makes the broker ideal for trading with a small amount.

AXI minimum deposit vs other brokers

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 Axi Client Portal
• 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 and have no withdrawal fees. Withdrawal duration vary depending on the withdrawal method, besides as we notice there is a minimum withdrawal amount based on the method you use but typically is very small starting from 5USD based on the method and region you’re from.

See some Axi withdrawal conditions we check for Europe region:

Axi Trading Platforms

Our research found that Axi or 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. With its development along years broker also add on its own Trading software Axi Trading Platform and AXi Copy Trading App, so we found a good diversification at the place. 

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

Trading Platform Comparison to Other Brokers:

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, Axi 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 with offering from the Broker including well-known Trading Central and Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation.

MT4NextGen

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.

Customer Support

Since the broker faced a significant increase in its volumes and operation, we noticed Axi 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 Axi 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:

Axi 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 Axi Learning  and 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?

Axi is definitely suitable for beginner traders. Broker offers in-depth articles on various trading topics to help and support traders improve their trading results or learn, besides there are 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.

Axi Review Conclusion

Overall, we found Axi offering adheres to access online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced traders. We found at AxiTrader Review truly comprehensive range of tools, as Axi’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution along with additional tools Broker provides.

As for the important question about margins, Axi offers access to flexible leverage options with competitive costs. In addition, the broker is a popular choice among Australian traders and worldwide investors who share Broker’s good experience and quality they found via Axi Forex service provided, which definitely worth a good mark from us alike.

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

• Experienced traders
• Beginners
• Technical Trading
• Day Trading
• Trading for UK Clients
• Australian Trading
• International Trading
• Scalping/Hedging and Copy trading
• EAs trading
• Copy Trading
• Trading through MT4
• Currency Trading and CFD Trading
• Traders preferring Autochartist