- What is Axi?
- Axi Pros and Cons
- Regulation and Security Measures
- Account Types and Benefits
- Cost Structure and Fees
- Trading Platforms and Tools
- Trading Instruments
- Deposit and Withdrawal Options
- Customer Support and Responsiveness
- Research and Education
- Portfolio and Investment Opportunities
- Account Opening
- Additional Tools And Features
- Axi Compared to Other Brokers
- Full Review of Broker Axi
Overall Rating 4.4
Regulation and Security | 4.7 / 5 |
Account Types and Benefits | 4.5 / 5 |
Cost Structure and Fees | 4.6 / 5 |
Trading Platforms and Tools | 4.3 / 5 |
Trading Instruments | 4.2 / 5 |
Deposit and Withdrawal Options | 4.3 / 5 |
Customer Support and Responsiveness | 4.5 / 5 |
Research and Education | 4.6 / 5 |
Portfolio and Investment Opportunities | 4.2 / 5 |
Account Opening | 4.3 / 5 |
Additional Tools and Features | 4.5 / 5 |
What is Axi?
Axi is a Forex and CFD broker based in Australia. It was founded in 2007 and is known by its previous trading name, AxiTrader. After the successful operation in the first years, the broker has already 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 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, share CFDs, IPO CFDs, 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 a Prop Trading allocation program that follows Axi protocol to obtain funded accounts.
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. 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 Axi an ECN Broker?
While the broker does not offer a dedicated ECN account, Axi’s Pro account offers ECN-style tight spreads. You can access 70+ 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 a reliable broker since it is regulated by top-tier authorities FCA, ASIC, and CySEC. Axi provides popular trading instruments, 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.
Advantages | Disadvantages |
---|
Authorized by top-tier regulators | Limited instrument range |
Good reputation and long years of operation | International trading via offshore entity |
Compensation scheme | No 24/7 customer support |
Negative balance protection | |
Competitive Forex fees and spreads | |
Suitable for both beginners and professionals | |
Good educational materials | |
Supportive customer service | |
MT4 Broker | |
ECN execution model | |
Axi Features
Axi is a globally recognized online Forex trading broker that offers a comprehensive suite of trading services, featuring competitive pricing, flexible account types, and a variety of educational resources. Here is an overview of the main features the broker provides:
Axi Features in 10 Points
🏢 Regulation | FCA, ASIC, DFSA, FSC |
🗺️ Account Types | Standard, Pro, Premium, Axi Elite, Swap-free Accounts |
🖥 Trading Platforms | MT4, Axi Trading App, Axi Copy Trading App |
📉 Trading Instruments | CFDs on Forex, Commodities, Indices, Shares, IPOs, Cryptocurrencies |
💳 Minimum Deposit | $0 |
💰 Average EUR/USD Spread | 1.2 pips |
🎮 Demo Account | Available |
💰 Account Base Currencies | AUD, GBP, USD, EUR |
📚 Trading Education | Online Trading Courses, Webinars by Axi Academy, MT4 Video Tutorials, Free eBooks, Trading Glossary, Crypto Glossary, Axi Blog |
☎ Customer Support | 24/5 |
Who is Axi For?
Axi is a trustworthy broker with a solid reputation and comprehensive trading conditions overall. According to our findings and Financial Expert Opinions, Axi is well-suited for:
- Experienced traders
- Beginners
- Technical Trading
- Day Trading
- Trading for UK Clients
- Australian Trading
- International Trading
- Traders from Europe
- Scalping/ Hedging
- EAs trading
- Copy Trading
- Trading through MT4
- Currency Trading and CFD Trading
- Traders preferring Autochartist
Axi Summary
Overall, we found Axi offering adheres to access the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced traders. We found at AxiTrader Review a 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 the Broker’s good experience and quality they found via Axi Forex service provided, which is worth a good mark from us alike.
55Brokers Professional Insights
Axi is a well-known broker for its nearly excellent trading conditions, transparent practices, and comprehensive offerings tailored to traders of all levels. Regulated by reputable authorities and with a good reputation, the Axi broker is well suited for trading popular financial instruments and might be regarded by most traders, especially technical traders, day traders, and high-frequency traders.
In addition, Axi stands out with its competitive pricing and good spreads as we find on its spread account. Additional tools are also another good point that is in hand for most traders, including Autochartist, and Trading Central, all integrated into the MetaTrader 4 platform, also is regarded for for uninterrupted trading with Free VPS hosting and quality social/copy trading capabilities.
However, a drawback is that trading conditions vary depending on the entity, as the range of trading instruments differs across jurisdictions, which may result in certain limitations, also some of the conditions are more favorable at one and less at other entities so good to verify all precisely.
Consider Trading with Axi If:
Axi is an excellent Broker for: | - Need a well-regulated broker.
- Offering services worldwide.
- Need a broker with diverse trading accounts.
- Good broker for all levels of traders.
- Access to Copy Trading.
- Need broker with a variety of trading tools and strategies.
- Looking for good education and customer support.
- Providing VPS hosting.
- Looking for broker with MT4 trading platform.
- Offering popular trading instruments.
- Need a broker with PAMM and MAM accounts.
- Offering both spread-based or commission-based accounts.
- Access to user-friendly trading platforms. |
Avoid Trading with Axi If:
Axi might not be the best for: | - Traders seeking diverse platforms.
- Looking for extensive asset coverage.
- Need broker with 24/7 customer support.
- Looking for fixed spreads.
|
Regulation and Security Measures
Score – 4.7/5
Axi Regulatory Overview
Axi is a globally regulated broker, ensuring a secure and trustworthy trading environment for its clients. The broker is authorized and overseen by several reputable financial authorities, including the Australian ASIC, FCA in the United Kingdom, CySEC in Cyprus, and DFSA in Dubai. These regulatory bodies enforce strict compliance with financial standards, safeguarding client funds through measures such as segregated accounts and investor compensation schemes.
For international clients seeking more flexible trading conditions, Axi also holds an offshore license from the FSA of St. Vincent and the Grenadines. While the FSA (SVG) provides a more relaxed regulatory framework, it does not offer the same level of oversight and investor protection as ASIC, FCA, or CySEC. Therefore, traders should carefully review the terms and conditions associated with their chosen entity to fully understand the applicable trading conditions and regulatory safeguards.
How Safe is Trading with Axi?
Trading with Axi is generally considered safe due to its strong regulatory oversight and adherence to high financial standards. The broker is licensed by reputable authorities, which enforce strict compliance measures such as segregated client funds, negative balance protection, and robust financial reporting.
Axi also employs advanced security protocols, including encryption technology, to protect client data and transactions. While the broker’s regulation in multiple jurisdictions ensures reliability, traders should review the specific terms and safeguards associated with their chosen regulatory entity to ensure alignment with their safety requirements.
Consistency and Clarity
Axi is widely regarded as a reliable broker, known for its consistency and transparency in trading services. Regulated by top-tier authorities, the broker adheres to stringent financial standards and prioritizes the safety of client funds. Traders often highlight Axi for its competitive pricing, fast order execution, and robust customer support. The broker’s clear communication regarding fees, trading conditions, and policies further enhances its reputation for trustworthiness.
While most reviews mention Axi’s reliability and user-friendly trading environment, some traders have noted occasional delays in withdrawals or platform connectivity during periods of high market volatility. However, the majority of feedback emphasizes Axi’s consistent performance and dedication to providing a secure, transparent trading experience, making it a dependable choice for traders worldwide.
Account Types and Benefits
Score – 4.5/5
Which Account Types Are Available with Axi?
Axi offers a range of account types designed to meet the needs of different traders, including Standard, Pro, Premium, and Axi Elite accounts. Each account type is tailored to provide flexibility and accommodate various trading styles, ensuring that all traders can find an option that suits their needs.
Additionally, Axi provides Swap-free Accounts, catering to traders who are restricted by religious beliefs and prefer not to incur overnight swap fees, allowing them to trade in compliance with their faith. A Demo Account is also available, allowing new traders to practice and familiarize themselves with the platform and market conditions in a risk-free environment before committing real capital.
Standard Account
The Standard Account at Axi is designed for beginner and retail traders, providing a straightforward trading experience. Available on MT4, the account offers competitive variable spreads starting from 0.9 pips.
No commission is charged on trades, as the cost is built into the spread. Also, typically, there is no minimum deposit amount, although this may vary by region. For Australian and New Zealand clients, the minimum deposit amount is $200; for the European entity, it is $5. This account offers access to a range of trading instruments and resources, making it an ideal choice for those new to trading or those who prefer a simple, cost-effective approach without the need for complex features.
Pro Account
The Pro Account is tailored for more experienced traders and charges commissions of $7 per round lot.
The minimum deposit required for the Pro Account is $500 for the Australian entity and $5 for Europe. For other entities, there is no minimum deposit requirement. The Pro Account is well-suited for active traders who require high efficiency and cost-effective pricing, making it an excellent choice for those looking to maximize their trading opportunities with lower transaction costs.
Elite Account
The Elite Account is for professional and institutional traders who need the best possible trading conditions. The account is available on international, Australian, and Middle Eastern entities, and offers competitive commission rates of $3.50 round trip.
The minimum deposit for the account is $25,000, reflecting its premium services. This account is ideal for high-volume traders or institutional clients who require personalized account management, priority customer support, and better trading solutions, providing an optimal trading environment for large-scale operations.
Premium Account
The Premium Account is aimed at traders who seek enhanced services and greater flexibility in their trading experience. The account is only available to residents of certain Asian countries who meet specific criteria, including a minimum deposit of $500. The typical spreads for Premium accounts are included in the bid-offer spread for each product and may vary depending on factors such as transaction size and market conditions. The commission is typically $7.00 per round lot.
Premium Account holders benefit from priority customer support, faster withdrawals, and access to exclusive market insights, making this account ideal for traders who want more personalized services and faster execution times to improve their trading performance.
Regions Where Axi is Restricted
Axi is a globally operating broker, but its services are restricted in certain regions due to regulatory limitations or local laws. Traders are advised to verify their eligibility to access Axi’s services based on their region and the broker’s regulatory framework. Some of these countries include:
- USA
- Iran
- Syria
- North Korea
Cost Structure and Fees
Score – 4.6/5
Axi Brokerage Fees
Axi charges brokerage fees through both spreads and commissions, which vary depending on the account type and market conditions. Additionally, the broker may charge fees for specific services, such as overnight financing/swap rates, withdrawal fees depending on the method, and inactivity fees after prolonged account dormancy.
While Axi offers competitive pricing, we recommend traders review the detailed fee structure for their selected account type and platform to fully understand the costs involved and plan their trading strategies accordingly.
Axi offers competitive floating spreads, which adapt to market conditions, ensuring flexibility for traders. For Standard Accounts, spreads typically start from 0.9 pips, with all trading costs included, making it a spread-based account type.
On average, the EUR/USD Forex spread for the Standard Account is around 1.2 pips, though it may vary depending on market volatility and liquidity. Additionally, the Pro and Elite Accounts offer spreads starting from 0.0 pips but with commission charges as trading costs.
Axi applies commissions to certain account types, providing a transparent fee structure for traders. Pro Accounts feature a competitive commission of $7.00 per round lot. Similarly, Premium Accounts also include a commission of $7.00 per round lot, with spreads incorporated into the bid-offer price.
For high-volume traders using the Elite Account, commission rates are customized to provide even greater cost advantages with a $3.50 round trip.
Axi applies rollover or swap fees to positions held overnight, which are based on the interest rate differential between the currencies involved in the trade. For example, if a trader holds 1 standard lot long position overnight, they will incur an interest charge of $6.5, while holding 1 standard lot short position overnight will earn an interest of $2.55.
These charges vary depending on the trading instrument, position size, and market interest rates.
How Competitive Are Axi Fees?
Axi provides competitive fees with a transparent pricing structure, making it an appealing choice for traders seeking cost-effective trading conditions. The broker provides flexibility in its fee model, with floating spreads for Standard accounts and tighter spreads for Pro and Elite Accounts. However, a potential drawback is that certain fees, such as higher minimum deposit fees for specific accounts and entities, may not be ideal for traders with smaller budgets or those seeking to minimize initial costs.
While the commission-based accounts may appeal to active traders looking for lower spreads, the broker’s swap fees could be a consideration for those holding positions overnight, potentially impacting long-term profitability. Axi also offers swap-free accounts for clients with specific religious or personal preferences, but these accounts are only available to select regions or clients.
Overall, Axi’s fees are competitive within the industry, but traders should be mindful of any additional costs related to account types, overnight positions, or payment methods.
Asset | Axi Spread | XTB Spread | Forex.com Spread |
---|
EUR USD Spread | 1.2 pips | 1 pip | 1.3 pips |
Crude Oil WTI Spread | 0.03 | 0.03 | 3.5 |
Gold Spread | 0.16 | 0.25 | 71 cents |
BTC USD Spread | 18 | 0.22% | 100.0 |
Axi Additional Fees
Axi applies several additional fees depending on the services or transactions involved.
- Withdrawal fees may be charged, which vary depending on the payment method. For example, if you choose to withdraw funds via a bank card, the minimum withdrawal amount is $5. Withdrawals are free if they exceed $50 or if you are withdrawing the full balance of your account. However, if the withdrawal amount is below $50, an administration fee of $25 may apply.
- Swap or rollover fees apply to positions held overnight, with rates dependent on the currency pair and prevailing market conditions. Traders can check specific swap rates for each instrument on the platform before opening positions. For traders who prefer to avoid swaps due to religious reasons, swap-free accounts are available, though these come with certain eligibility restrictions.
- Axi also charges an inactivity fee of $10 per month if there is no trading activity on your account for a period of 12 months or more. This fee is deducted from the account balance as long as the account remains inactive and the balance is sufficient to cover the charge.
Trading Platforms and Tools
Score – 4.3/5
The primary platform offered by Axi is MetaTrader 4, renowned for its user-friendly interface, diverse charting capabilities, and a wide range of technical analysis tools. MT4 supports both manual and automated trading, making it suitable for traders of all experience levels. MT4 is available on desktop, mobile, and web, offering flexibility for traders to access the markets from any device.
For traders seeking mobile-first solutions, the Axi Trading App delivers a streamlined and intuitive experience. The app allows users to trade, monitor accounts, and stay updated on market trends with ease.
Additionally, Axi offers the Axi Copy Trading App, which is ideal for those who prefer to follow and replicate the strategies of experienced traders. This app enables users to explore successful trading strategies and copy them directly to their accounts, making it a valuable tool for new traders or those looking to diversify their portfolios.
Platforms | Axi Platforms | XTB Platforms | Forex.com Platforms |
---|
MT4 | Yes | Yes | Yes |
MT5 | No | No | Yes |
cTrader | No | No | No |
Own Platform | Yes | Yes | Yes |
Mobile App | Yes | Yes | Yes |
Axi Web Platform
Axi offers a web-based trading platform through MT4 WebTrader, providing traders with the convenience of accessing their accounts directly from a web browser without needing to download any software.
MT4 WebTrader retains the powerful functionality of the desktop version, including charting, customizable indicators, and real-time market data. The platform is designed for flexibility, allowing traders to execute trades, analyze markets, and manage positions on the go from any device with internet access. Its user-friendly interface ensures smooth navigation, making it suitable for traders.
Axi Desktop MetaTrader 4 Platform
The Axi Desktop MT4 Platform is a comprehensive trading solution that caters to the needs of traders seeking a variety of tools and features. With access to over 150 trading products, including Forex, Commodities, Share CFDs, Indices, Cryptocurrency CFDs, and more, MT4 provides full market coverage.
Traders can monitor and modify their positions with ease, supported by an intuitive interface and powerful features. The platform offers real-time charting with a wide range of customizable indicators, allowing traders to perform detailed technical analyses. Regular updates ensure the platform stays optimized and secure, delivering a seamless trading experience.
Axi Desktop MetaTrader 5 Platform
Axi does not provide the MT5 platform, instead, it offers the MT4 platform, available on both desktop and web. While MT5 includes additional features such as more timeframes and a built-in economic calendar, Axi focuses on delivering a seamless and reliable trading experience through the robust and widely trusted MT4 platform.
Axi MobileTrader App
Axi caters to mobile traders with two apps designed to enhance trading on the go. The Axi Trading App provides access to over 490 financial products, all in one user-friendly interface. With support available in 13 languages, the app ensures accessibility for traders worldwide while offering features like account management, market insights, and real-time trade execution.
For those interested in following experienced traders, the Axi Copy Trading App, developed in partnership with London & Eastern LLP, offers a seamless way to identify and automatically copy successful traders’ strategies. This app is ideal for traders looking to diversify their approach or learn from seasoned professionals without actively managing every trade.
Main Insights from Testing
Testing Axi’s mobile apps revealed a seamless and efficient user experience designed for traders at all levels. Both apps demonstrated robust performance, with intuitive navigation, fast execution speeds, and access to real-time market updates.
The Axi Trading App enables users to manage accounts, monitor markets, and execute trades with ease. Meanwhile, the Axi Copy Trading App stood out for its simplicity and effectiveness in connecting traders with experienced professionals to replicate their strategies. The apps are well-suited for on-the-go trading, offering reliability and user-friendly features.
Trading Instruments
Score – 4.2/5
What Can You Trade on Axi’s Platform?
Axi provides access to over 220 trading products, catering to diverse trading preferences and strategies. The platform supports trading CFDs on Forex, Commodities, Indices, Shares, IPOs, and Cryptocurrencies, enabling traders to explore opportunities across multiple asset classes.
This variety ensures that traders can diversify their portfolios and respond to market movements effectively. However, the availability of instruments may vary depending on the trader’s jurisdiction due to local regulations and entity-specific offerings, such as cryptocurrency trading, which is not permitted under the UK entity.
Main Insights from Exploring Axi’s Tradable Assets
Exploring Axi’s tradable assets reveals a diverse range of opportunities for traders, with access to over 220 products, including 70 Forex currency pairs, providing traders with ample opportunities to trade both major, minor, and exotic pairs.
A standout feature is the high leverage offered on cryptocurrency CFDs, up to 1:200, for top assets like Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash, enabling traders to amplify potential gains. This broad selection caters to different trading strategies and risk appetites, allowing for portfolio diversification.
However, a limitation is that the availability of certain assets varies by jurisdiction due to regulatory restrictions, and the overall asset selection may not be as broad as that of some other brokers. This could be a consideration for traders seeking a wider variety of tradable assets.
Leverage Options at Axi
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 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 ASIC-regulated Axi accounts are entitled to up to 1:30
- Those traders that are operated under the FCA and European regulations can use limited Leverage to a maximum of 1:30 on Forex instruments
- The international entity offers a high leverage of 1:500
Deposit and Withdrawal Options
Score – 4.3/5
Deposit Options at Axi
Axi accounts can be funded through a variety of options, which may vary depending on the region you reside in. These options include:
- Credit/Debit cards
- Wire Transfer
- Skrill
- PayPal
- Neteller, etc.
Deposits are typically processed quickly, with credit/debit card transactions often being instantaneous, while bank transfers may take a bit longer depending on the region. Additionally, Axi allows broker-to-broker transfers with selected companies, so you can transfer your account from another brokerage to Axi.
As a client, you may also benefit from the option to hold your account in GBP, USD, EUR, CHF, or PLN, and deposit funds in those major currencies as well.
Axi Minimum Deposit
The minimum deposit required to open an account with Axi varies depending on the entity and account type. For international, UK, and Middle East entities, both the Standard and Pro Accounts initially have a $0 minimum deposit requirement. In the EU, it is $5 for both Standard and Pro accounts, in Australia, the Standard Account requires a $200 deposit, while the Pro Account requires $500.
For the Elite Account, a minimum deposit of $25,000 is required across all entities. Traders should review the specific requirements for their entity to ensure they meet the necessary deposit thresholds when opening an account.
Withdrawal Options at Axi
Axi offers a variety of withdrawal options, including bank transfers, credit/debit cards, and e-wallets, with processing times typically ranging from 1-3 business days.
However, Axi applies withdrawal fees, for bank card withdrawals, the minimum amount is $5, but an administration fee of $25 may apply for withdrawals below $50.
Customer Support and Responsiveness
Score – 4.5/5
Testing Axi’s Customer Support
Axi provides comprehensive customer support to cater to its global client base, ensuring traders have access to assistance when needed. Support is available 24/5 through multiple channels, including live chat, email, and phone.
Additionally, Axi’s website features a Help Centre with FAQs, guides, and resources to address common questions. The broker also supports multiple languages, enhancing accessibility for traders from various regions. While the support team is generally professional and helpful, some users have noted delays during peak trading hours, which could be improved to ensure a seamless experience.
Contacts Axi
Axi provides multiple channels for clients to reach their support team. For international inquiries, clients can call +61 2 9965 5830. UK clients have the option to use the local number +44 203 544 9646 or the toll-free number 0800 018 3306.
Additionally, Axi offers a 24/5 live chat function available in multiple languages on their website, providing real-time support. Clients can also reach out via email at service@axi.com or through Axi’s social media channels. For non-urgent queries, the Help Centre on Axi’s website offers a comprehensive range of FAQs and resources to assist clients.
Research and Education
Score – 4.6/5
Research Tools Axi
Axi provides a suite of research tools to enhance traders’ decision-making processes, available both on its platforms and website.
- On the MetaTrader 4 platform, traders can access diverse charting tools, real-time price feeds, economic calendars, and customizable indicators for technical analysis.
- Additionally, Axi offers a proprietary tool PsyQuation, which offers AI-driven insights to optimize trading performance. The tool analyzes a trader’s performance in real time, identifying patterns, potential mistakes, and areas for improvement.
- On its website, Axi features market analysis, and daily updates, including blogs and webinars, to keep traders informed about global financial trends.
For those who hold multiple accounts, the integrated software tools Multi Account Manager (MAM) and PAMM are great and available solutions, that let you place large orders in bulk with speed and no limitation.
Education
As for education, Axi offers a good choice of educational materials to support traders of all levels. The broker offers video tutorials, covering various trading topics, including an in-depth guide on using the MT4 platform effectively.
- In addition, Axi provides multiple articles and eBooks that delve into Crypto trading, Forex, and stock markets, ensuring clients stay informed about the latest market trends and strategies.
Axi’s educational offerings are further enhanced by its Axi Academy, a dedicated portal featuring a comprehensive selection of free learning courses, interactive webinars, and expert-led sessions. These resources are designed to equip traders with the knowledge and skills needed to navigate the markets confidently.
Is Axi a good broker for beginners?
Axi is considered a good broker for beginners due to its user-friendly platforms, extensive educational resources, and the availability of demo accounts for risk-free practice. The 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.
Portfolio and Investment Opportunities
Score – 4.2/5
Investment Options Axi
Axi primarily focuses on Forex and CFD trading, however, the broker also provides additional investment opportunities to cater to diverse client needs. Through its Axi Copy Trading App, traders can follow and replicate the strategies of successful investors, making it an attractive option for those seeking a hands-off approach.
Additionally, Axi supports MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts, allowing professional money managers to trade on behalf of clients, and offering tailored solutions for portfolio growth. These options make Axi appealing not only to active traders but also to investors looking for alternative ways to grow their capital.
Account Opening
Score – 4.3/5
How to Open Axi Demo Account?
Opening an Axi Demo Account is an easy process designed to give traders risk-free access to the platform’s features. Here is how you can get started:
- Go to the official Axi website and navigate to the “Try a Free Demo” section. This is typically found under the “Accounts” menu.
- Fill out the required details, including your name, country of residence, email address, and contact number. Choose your preferred base currency, account type, and leverage settings.
- After registering, you will receive a confirmation email. Click the verification link to activate your demo account.
- Axi’s Demo Account is accessible via the MT4 platform. Download and install the MT4 platform on your desktop or mobile device.
- Use the login credentials provided in the email to access your demo account on MT4. You will receive virtual funds to practice trading in a simulated environment.
How to Open Axi Live Account?
Opening an Axi Live Account is a simple process that allows traders to begin trading with real funds. To begin, visit the official Axi website and click on the “Open Account” button, which can typically be found on the homepage or in the “Accounts” menu. Provide your personal information, including your full name, email address, phone number, and country of residence, and create a secure password for your account.
Next, choose your preferred account types, such as Standard, Pro, or Elite, along with the base currency and leverage. You may also need to select your trading platform, such as MT4.
As part of the process, Axi requires identity verification to comply with regulatory standards. This involves uploading a valid government-issued ID, such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement. Once your account is verified, log in to the client portal and deposit funds using your chosen payment method, ensuring you meet the minimum deposit requirement for your selected account type.
Finally, install the MetaTrader 4 platform or Axi Trading App on your device and log in using the credentials provided after account approval. Once everything is set up, you are ready to access the markets and start trading on Axi’s platform.
Additional Tools and Features
Score – 4.5/5
Axi provides additional tools and features to enhance the trading experience and support informed decision-making.
- Among these tools is Trading Central, a widely trusted resource for market analysis, offering technical insights, trade ideas, and strategy recommendations.
- Autochartist is another valuable tool, automatically identifying trading opportunities through advanced pattern recognition across multiple instruments.
- For traders who require uninterrupted connectivity and optimized performance, Axi offers MT4 Forex VPS Hosting, ensuring seamless operation of automated trading strategies and EAs even during power or internet outages.
However, the tools and features available on Axi may vary depending on the entity a trader uses, due to regional and regulatory differences. Traders should check the specific offerings available in their region.
Axi Compared to Other Brokers
Axi stands out for its solid regulation across multiple regions, providing a sense of security for traders. Additionally, the broker offers good educational resources, similar to some of its competitors. However, it may not be as comprehensive as those offered by FP Markets and Pepperstone.
Compared to some of its competitors, Axi’s asset variety is more limited. Brokers like Forex.com and FP Markets offer a much broader selection of instruments, which can be a significant advantage for traders looking to diversify their portfolios.
In terms of fees, Axi’s pricing is competitive, especially for traders using its commission-based accounts. However, the fees can vary depending on the account type and entity a trader uses. For example, spread-based accounts may have slightly higher costs compared to competitors like IC Markets or Pepperstone, which offer lower average spreads.
Another potential downside is the absence of 24/7 customer support, which is offered by competitors like FP Markets and IC Markets, making those options more attractive for traders who may require assistance outside of regular trading hours. Axi’s feature set is strong but not as extensive as that of some brokers, such as Pepperstone and FP Markets, which offer a wider variety of tools and platforms for advanced traders.
Overall, Axi presents a strong and competitive offering, but traders who prioritize extensive asset variety, lower fees, or 24/7 support may find other brokers more suitable.
Parameter |
Axi |
FXTM |
Forex.com |
FP Markets |
IC Markets |
Pepperstone |
eToro |
Spread Based Account |
Average 1.2 pips |
Average 1.5 pips |
Average 1.3 pips |
From 1 pip |
From 1 pip |
Average 0.7 |
Average 1 pip |
Commission Based Account |
0.0 pips + $7 |
0.0 pips + $3.5 |
0.0 pips + $5 |
0.0 pips + $3 |
0.0 pips + $3.50 |
0.0 pips + $3.50 |
Available at US eToro Crypto |
Fees Ranking |
Average |
Average |
Average |
Low/ Average |
Low/ Average |
Low |
Average |
Trading Platforms |
MT4, Axi Trading App, Axi Copy Trading App |
MT4, MT5 |
MT4, MT5, Forex.com Web Trader, TradingView |
MT4, MT5, cTrader, IRESS, Proprietary Platform |
MT4, MT5, cTrader |
MT4, MT5, cTrader, TradingView |
Proprietary |
Asset Variety |
220+ instruments |
1000+ instruments |
6000+ instruments |
10,000+ instruments |
1,000+ instruments |
1,200+ instruments |
2,000+ instruments |
Regulation |
ASIC, FCA, CySEC, DFSA, FSA |
FCA, FSC, CMA |
FCA, NFA, IIROC, ASIC, CySEC, JFSA, MAS, CIMA |
ASIC, CySEC, FSCA, CMA |
ASIC, CySEC |
ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
FCA, CySEC, ASIC, FSAS, NFA for Crypto Exchange |
Customer Support |
24/5 |
24/5 |
24/5 |
24/7 support |
24/7 support |
24/7 support |
24/7 support |
Educational Resources |
Good |
Good |
Excellent |
Excellent |
Good |
Excellent |
Good |
Minimum Deposit |
$0 |
$200 |
$100 |
$100 |
$200 |
$0 |
$200 |
Full Review of Broker Axi
Axi is a well-regulated broker known for its solid reputation across multiple regions, regulated by reputable authorities like ASIC, FCA, and CySEC, ensuring a secure trading environment. The broker offers the industry-standard MT4, along with good trading tools and Copy Trading features, catering to various trader preferences. Additionally, Axi provides access to popular trading instruments, offering traders ample opportunities for portfolio diversification.
The broker also excels in offering a range of educational resources, such as video tutorials, articles, and courses, to support both novice and experienced traders.
While Axi’s fees are not the lowest in the market and its range of instruments is not as broad as some other brokers, Axi still remains a reliable broker, offering a strong overall trading experience.
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One of the main reasons I chose Axi as my forex broker is their competitive spreads. I’ve compared them with other brokers, and Axi consistently offers some of the best rates. This has significantly reduced my trading costs, allowing me to retain more of my profits. Additionally, I’ve noticed that the spreads remain tight even during high volatility, which is crucial for my trading strategy. Overall, I feel like I’m getting great value for my money with Axi.
Axi has been a fantastic platform for me. The user interface is intuitive, making trading easy even for beginners. The spreads are competitive, and I love the transparency with no hidden fees. The educational resources are top-notch, offering valuable insights and strategies that have significantly improved my trading skills.
I’ve been trading with Axi for over a year now, primarily focusing on Forex. The platform offers a robust MetaTrader 4 experience, which is great for both beginner and experienced traders. What stands out most for me is the tight spreads and the reliable execution speed. I rarely experience slippage, even during volatile market conditions. Their educational resources are also top-notch, which helped me get started with confidence. The only downside is the slightly higher withdrawal fees, but overall, the experience has been very positive.
Axi Select has a lot to offer, but there are a few areas where it could improve. While the trading tools are extensive, I found the learning curve to be quite steep for beginners. Additionally, the platform occasionally experiences minor glitches. On the plus side, the customer service is excellent, and they are always eager to help resolve any problems.
I’m not sure why but this web site is loading very slow for me. Is anyone else having this problem or is it a problem on my end? I’ll check back later on and see if the problem still exists.
Axi is transparent about its trading fees, with no hidden charges. This transparency makes it easier to manage my trading costs and plan my strategies effectively.
Trading with Axi means lightning-fast order execution. This is crucial in the fast-paced world of trading, where every second counts.
Axi provides an exceptional trading platform with lightning-fast execution. Their customer support is top-notch, always there to assist with any queries promptly.
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.
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.
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.
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
I would like to join im from the phillipines
Any update from your withdrawal status? About to open an account, now hesitant… Thanks.
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.
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
Good day
Did you come right with them , I just joined I’m concerned
Rất hay tôi cũng muốn tham gia
RẤT HAY TÔI ĐẾN TỪ VIỆT NAM
Am interested to start an account. Wouldo it be possible if am from Papua New Guinea?
i would like to join you guys