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Axi Broker Review 2024

Axi Broker Review 2024

Update: September 2023

Axi Overview & Awards

Axi is a forex broker that was founded in 2007 and is headquartered in Australia. It is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Authority (FSA) in Mauritius.

Axi offers a variety of trading accounts, including a standard account, a pro account, and an elite account. The standard account has spreads from 0.4 pips and a commission of $3.50 per lot. The pro account has spreads from 0.0 pips and a commission of $0 per lot. The elite account has spreads from 0.0 pips and a commission of $0 per lot.

Axi also offers a variety of trading platforms, including MetaTrader 4 (MT4), MT4 Web-Trading, AxiOne, and PsyQuation. MT4 is the most popular trading platform and is used by most traders across the globe.

AxiOne is a proprietary trading platform developed by Axi. It is designed for experienced traders who want a platform with advanced features. PsyQuation is a trading platform that uses artificial intelligence to help traders make better trading decisions.

Axi offers a variety of educational resources, including webinars, tutorials, and e-books. It also offers a demo account that allows traders to trade with virtual money so that they can test out the different platforms and features without risking any real money.

Axi is a good choice for traders who are looking for a regulated and reliable broker with a variety of trading accounts, platforms, and educational resources.

Regulation & Licensing: Financial Conduct Authority (FCA) UK, Australian Securities and Investments Commission (ASIC), Financial Markets Authority (FMA) New Zealand, Dubai Financial Services Authority (DFSA)
Accepting Clients from: 150 countries
Assets Offered: Currencies, Commodities, Indices, Cryptocurrencies, Metals
Trading Platforms Available to use: MT4 (Desktop, Web, Mobile)
Trading Mobile apps: Mobile: iOS, Android;
Payment Types Accepted: Credit/Debit Card, Skrill, Bank Transfer, Neteller

Country of regulation:ASIC, FCA, FMA, DFSA
Spreads:Low
Inactivity fee charged:Yes
Withdrawal fee amount:$0
Minimum deposit:$0
Time to open an account:1-3 days
Deposit with bank card:Available
With electronic wallet:Available
Number of base currencies:11
Demo account provided:Yes
Products offered:Forex, CFD, Crypto

Axi Regulation and Security

Axi is regulated by several reputable financial authorities, including:

Financial Conduct Authority (FCA), UK
Cyprus Securities and Exchange Commission (CySEC)
Australian Securities and Investments Commission (ASIC)
Financial Services Authority (FSA), Mauritius
These regulatory bodies require Axi to maintain certain standards of financial stability and operational security. This helps to protect Axi clients from fraud and other financial risks.

In addition to regulatory compliance, Axi also takes a number of steps to protect its clients’ security. These measures include:

Using industry-standard encryption technology to protect client data
Having a dedicated security team that monitors for and responds to potential threats
Implementing a strict Know Your Customer (KYC) policy to verify the identity of its clients
Axi is a well-regulated and secure broker that has a good reputation in the industry. However, it is important to do your own research before opening an account with any broker.

Here are some of the things you can do to verify the regulation and security of a forex broker:

Check the broker’s regulatory licenses and make sure they are from reputable financial authorities.
Read the broker’s terms and conditions carefully to understand their policies on financial stability, operational security, and client protection.
Check the broker’s reputation online by reading reviews from other traders.

Sign up with a trading account with Axi

Get the best Low Spread Forex Brokers to trade Forex, Stocks, Indices, and Commodities
– Instant ECN Execution Trading with Axi

Axi Trading Accounts

FeaturesAxi Standard AccountAxi Pro AccountAxi Islamic Account
Account CurrenciesEUR, GBP, USD, CHF, PLNEUR, GBP, USD, CHF, PLNEUR, GBP, USD, CHF, PLN
Available LeverageUp to 30:1Up to 30:1Up to 30:1
Minimum Deposit$0$0$0
Starting SpreadsFrom 1 pipFrom 0 pipsFrom 0 pips
Commission Per Trade$0$7 per round trip$0
Decimal PricingMT4 – Up to 5 decimalsMT4 – Up to 5 decimalsMT4 – Up to 5 decimals
Swaps/RolloversYesYesYes
Trading Instruments80+ FX pairsMetalsCFDs80+ FX pairsMetalsCFDs80+ FX pairsMetalsCFDs
Min. Lot Size Per Trade0.010.010.01
Max Lot Size Per Trade100.00100.0100.0
Demo AccountYesYesYes
Swap/Rollover FreeNoNoYes
Copy Trading SupportYesYesYes

Axi Trading Accounts

 Axi Trading Accounts Standard Trading Account Pro Trading Account Elite Trading Account
 Min. Deposit$0 USD$0 USD$25’000 USD
 Spreads from0.4 Pips0.0 Pips0.0 Pips
 Min Trade Size0.01 Lots0.01 Lots0.01 Lots
 Products140+ Forex pairs, Metals CFDs140+ Forex pairs, Metals CFDs140+ Forex pairs, Metals CFDs
 Pricing5 digit pricing5 digit pricing5 digit pricing
 Mobile trading Yes Yes Yes
 MT4 NextGen Yes Yes Yes
 Leverage Up to30:130:1400:1
 Base CurrenciesAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USDAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USDUSD, EUR, GBP, AUD
 Demo period30 days30 days30 days
 Open an Account Open a Standard Trading account with AxiOpen a Pro Trading account with AxiOpen an Elite Trading account with Axi

Axi does offer an Islamic, Swap-Free account option and  Extended Swap-free status. Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs.

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 Axi Islamic Account 
 Swaps No
 Interest No
 Trading Products140+
 MT4 Yes
 Min. Deposit$0 USD
 Open an AccountOpen an Islamic Trading account with Axi

  • Standard Account
    • Spreads from 0.4 pips
    • Leverage up to 1:500 (SV); up to 30:1 (ASIC, FCA, DFSA)
    • Minimum deposit of $1
    • Trading instruments: forex, CFDs on stocks, indices, commodities, and cryptocurrencies
  • Pro Account
    • Spreads from 0.0 pips
    • Leverage up to 1:500 (SV); up to 30:1 (ASIC, FCA, DFSA)
    • Minimum deposit of $25,000
    • Trading instruments: same as Standard Account
  • Elite Account
    • Spreads from 0.0 pips
    • Leverage up to 1:500 (SV); up to 30:1 (ASIC, FCA, DFSA)
    • Minimum deposit of $25,000
    • Trading instruments: same as Standard Account
    • Dedicated account manager
    • Priority customer support
    • Access to exclusive trading signals

In addition to these three main accounts, Axi also offers an a demo account.

The demo account is a free account that allows you to practice trading with virtual money. This is a great way to learn about the Axi trading platform and to test out different trading strategies before you start trading with real money.

Axi Trading Instruments

Forex: 57 currency pairs, including major, minor, and exotic pairs
CFDs: 100+ CFDs on stocks, indices, commodities, and cryptocurrencies
Stocks: over 1000 stocks from the US, UK, Europe, Australia, and Asia
Indices: over 20 indices, including the S&P 500, FTSE 100, and DAX
Commodities: over 20 commodities, including crude oil, gold, and silver
Cryptocurrencies: over 15 cryptocurrencies, including Bitcoin, Ethereum, and XRP
Spot metals: Gold and silver

Axi Fees & Commissions

Axi charges a variety of fees and commissions, which vary depending on the trading account type and the asset being traded.

Here is a summary of the fees and commissions charged by Axi:

Spreads:
Axi’s spreads are competitive and start from 0.4 pips for major currency pairs. The spreads may vary depending on the trading instrument, the account type, and the market conditions.

Commissions:
Axi charges a commission on each trade. The commission rate varies depending on the trading account type and the asset being traded. For example, the commission rate for major currency pairs is $3.50 per lot for Standard accounts and $0 per lot for Pro accounts.

Swap fees:
Axi charges swap fees on overnight positions. The swap fee rate varies depending on the currency pair and the account type. For example, the swap fee rate for the EUR/USD currency pair is -0.75% for Standard accounts and -0.50% for Pro accounts.

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Deposit and withdrawal fees:
Axi charges a fee for deposits and withdrawals. The fee amount varies depending on the payment method used. For example, the fee for a bank wire deposit is $25.

Here are some of the factors that can affect the fees and commissions charged by Axi:

The trading account type: Axi offers different trading account types, each with its own set of fees and commissions. For example, the Pro account has lower spreads and commissions than the Standard account.

The asset being traded: Axi charges different fees and commissions for different assets. For example, the commission rate for major currency pairs is lower than the commission rate for minor currency pairs.

The market conditions: The fees and commissions charged by Axi may also vary depending on the market conditions. For example, the spreads may widen during periods of high volatility.
It is important to understand the fees and commissions charged by Axi before you start trading. By doing so, you can avoid any unexpected surprises.

Sign up with a trading account with Axi

Get the best Low Spread Forex Brokers to trade Forex, Stocks, Indices, and Commodities
– Instant ECN Execution Trading with Axi

Axi Execution and Spreads

Execution:
Axi offers direct market access (DMA) execution, which means that your trades are executed directly on the interbank market. This ensures that you get the best possible prices for your trades.
Spreads:
Axi’s spreads are competitive and start from 0.4 pips for major currency pairs. The spreads may vary depending on the trading instrument, the account type, and the market conditions.
Margin calls:
Axi uses a margin call system to protect its clients from incurring losses that they cannot afford.
A margin call is a notification that you need to deposit more funds into your account to cover your losses. If you do not deposit the required funds, your positions will be closed automatically.
Here is a table summarizing the spreads for various accounts and assets on Axi:

Account Spread
Standard Account From 0.4 pips
Pro Account From 0.0 pips
Elite Account From 0.0 pips
Islamic Account From 0.4 pips

Axi Trading Conditions

Spreads: Axi’s spreads are competitive and start from 0.4 pips for major currency pairs. The spreads may vary depending on the trading instrument, the account type, and the market conditions.

Leverage: Axi offers leverage up to 1:500 for Standard accounts and up to 1:30 for Pro accounts. The leverage available to you will depend on your account type, regulatory jurisdiction, and experience level.

Margin: The margin required to open a trade depends on the size of the trade, the leverage used, and the market conditions.

Margin calls: Axi uses a margin call system to protect its clients from incurring losses that they cannot afford. A margin call is a notification that you need to deposit more funds into your account to cover your losses. If you do not deposit the required funds, your positions will be closed automatically.

Stop-out: Axi uses a stop-out level to protect its clients from incurring losses that are too large. A stop-out is a level at which your positions will be closed automatically, even if you have not received a margin call.

Swap fees: Axi charges swap fees on overnight positions. The swap fee rate varies depending on the currency pair and the account type.

Deposit and withdrawal fees: Axi charges a fee for deposits and withdrawals. The fee amount varies depending on the payment method used. For example, the fee for a bank wire deposit is $25.
You can find more detailed information about the trading conditions offered by Axi on the Axi website.

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Here are some of the factors that can affect the trading conditions offered by Axi:

The trading account type:
Axi offers different trading account types, each with its own set of trading conditions. For example, the Pro account has lower spreads and commissions than the Standard account.

The asset being traded:
Axi charges different fees and commissions for different assets. For example, the commission rate for major currency pairs is lower than the commission rate for minor currency pairs.

The market conditions:
The trading conditions offered by Axi may also vary depending on the market conditions. For example, the spreads may widen during periods of high volatility.

Axi Deposit & Withdrawal Methods

Deposit methods:

Bank wire transfer
Credit card/debit card
Skrill
Neteller
FasaPay
Cryptocurrencies

Deposit Methods Simple, secure ways to add and withdraw your funds.

Withdrawal methods:

Bank wire transfer
Credit card/debit card
Skrill
Neteller
FasaPay
Cryptocurrencies

The specific deposit and withdrawal methods available to you will depend on your country of residence and the regulatory jurisdiction of your account.

Here are the fees charged by Axi for deposits and withdrawals:

Deposit fees: Axi does not charge any fees for deposits.
Withdrawal fees: The withdrawal fees charged by Axi vary depending on the payment method used. For example, the fee for a bank wire withdrawal is $25.
The processing time for deposits and withdrawals also varies depending on the payment method used. For example, bank wire transfers typically take 3-5 business days to process.

You can find more detailed information about the deposit and withdrawal methods supported by Axi on the Axi website.

Here are some of the factors that can affect the deposit and withdrawal methods available to you:

Your country of residence: The deposit and withdrawal methods available to you will depend on your country of residence.
For example, some countries do not allow credit card deposits for forex trading.

The regulatory jurisdiction of your account: The deposit and withdrawal methods available to you will also depend on the regulatory jurisdiction of your account. For example, some regulatory jurisdictions have stricter rules on AML and KYC, which can affect the deposit and withdrawal methods available to you.

It is important to understand the deposit and withdrawal methods supported by Axi before you start trading. By doing so, you can avoid any unexpected surprises.

Axi Trading Platforms

Axi offers a variety of trading platforms, including:

MetaTrader 4 (MT4):
MT4 is a popular trading platform that is used by millions of traders around the world. It is known for its ease of use and its wide range of features.
Axi offers a customized version of MT4 that includes additional features, such as Islamic trading accounts and copy trading.

MT4 Web-Trading: MT4 Web-Trading is a web-based version of MT4 that allows you to trade from any device with an internet connection. It is a good option for traders who want to trade on the go.

MT4 Web-Trading platform

AxiOne:
AxiOne is a proprietary trading platform developed by Axi. It is designed for experienced traders who want a platform with advanced features. AxiOne includes features such as automated trading and social trading.

PsyQuation:
PsyQuation is a trading platform that uses artificial intelligence to help traders make better trading decisions. It is a good option for traders who want to use technology to improve their trading performance.

Axi Pros and Cons

Pros

- 130+ products to trade, no minimum deposit required
– Great customer support and trustworthy service provider
– No withdrawal/deposit fees
– Easy Account Opening
– Lowest starting spreads for all account types
– Strict compliance with regulations in the UK, Australia, and Dubai
– Low forex fees
– Simple, yet reliable trading on MT4 platform

Cons

– No MT5 or proprietary trading platform
– Limited research tools
– 24/5 customer service
– Limited selection of CFDs excludes shares, options

Axi Login

To login to your Axi account, you can follow these steps:

Go to the Axi website and click on the “Login” button.
Enter your username and password in the respective fields.
Click on the “Login” button.
If you have forgotten your username or password, you can click on the “Forgot Username/Password?” link. You will be asked to enter your email address and Axi will send you a link to reset your password.

You can also login to your Axi account using your Google or Facebook account. To do this, click on the “Login with Google” or “Login with Facebook” button. You will be redirected to Google or Facebook to authenticate your login.

Once you have logged in to your Axi account, you will be able to access your trading account, view your trading history, and make deposits and withdrawals.

Sign up with a trading account with Axi

Get the best Low Spread Forex Brokers to trade Forex, Stocks, Indices, and Commodities
– Instant ECN Execution Trading with Axi

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Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Forbes, Benzinga, and others.