Axi Review

Minimum Deposit: $1 VISIT BROKER
CFDs and Margin FX are leveraged products that carry a high level of risk to your capital.

Axi Review

Summary

Axi or AxiTrader is a forex and CFD broker which was founded in 2007 in Australia. ASIC, FCA and DFSA authorise and regulate the broker that makes it stand among the top tier brokers of its class. The award-winning broker offers a small number of instruments asset to its clients. The broker offers CFDs of forex, commodities, indices and crypto instruments to its clients to choose from. With a seamless account opening process and tight spreads, the broker offers the most popular MT4 trading platform across web, desktop and mobile devices. With a demo account to learn, the broker also provides a variety of educational resources to its clients. No deposit or withdrawal fees, tight spreads and competitive commissions make Axi stand out among its competitors.

8.3Expert Score
Axi Rating

Axi has been regularly recognised around the world for our outstanding service, including awards for reliability, trustworthiness, customer service and client satisfaction.

Investment Products
8.5
Commissions and Fees
8
Platforms and Tools
8
Research and Education
8
Deposit and Withdrawal
9

Axi Review

Pros and Cons

Axi has always been careful about its customers by providing maximum benefits. The broker offers cheap commission fees, tight spreads, and quick trade order execution. Clients benefit from a variety of simple deposit/withdrawal methods and useful trading tools, educational resources, and 24/5 customer support. Axi forex and CFD broker is ideal for experienced traders who can rely on their professional skills. The broker offers a quick fully digital account opening process.

Positives
  • No minimum deposit required for registration
  • Low forex and CFD fees
  • Seamless account opening
  • Free deposit and withdrawal
  • Fast response from support
  • No inactivity fees
  • Islamic account offered
  • Trading platform education tutorials
  • Autochartist
  • Economic calendar
  • Trading signals
  • Forex VPS
  • PsyQuation
  • Negative balance protection
Negatives
  • Limited research tools
  • Withdrawals available with few payment methods
  • Only one trading platform offered
  • No trading ideas or fundamental analysis offered
  • No 24/7 client support
  • Only Forex and CFDs offered to trade
  • USA traders are not accepted

Axi Review

Investment Products

Axi offers more than 130 instruments to trade in total. The broker offers a significant number of forex instruments to trade. It has a limited range of commodities, indices, and cryptos offered to its clients, limiting traders’ options. The broker does not offer bonds, options, stocks and ETFs to trade, which is a drawback. But it offers social trading to compensate for this drawback.

Axi Instruments
Axi Instruments

Axi Instruments Summary

InstrumentsAxi
Forex
Stocksx
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
Axi Instruments

Axi Review

Commission and Fees

Commission and Spread Fees

Axi has some of the tightest spreads offered in the industry. The traders can kick start their trading with zero spreads with fast execution with a pro account. The broker charges very low forex and CFD fees. The standard account features no minimum deposit requirement, flexible spreads starting at only 0.4 pips, and no commission fees. Variable spreads start at just 0.0 pips on the pro account, and there is a $3.5 commission on one side while trading a standard lot. If you require the tightest spreads, this account may be the best option. The broker pays cash rebates under a partner or referral program. Axi does provide Sharia-compliant Islamic accounts. This account, which has no swap fees or interest payments, is perfect for people who don’t want to earn or pay interest owing to religious beliefs. If you follow are a Muslim, simply send Axi’s customer support a request for an Islamic account, and they will switch your account over for you. Overall, the broker has some of the lowest overall trading fees available to retail traders.

FeeStandard AccountPro Account
Commission (per standard lot per side)$0$3.5
Spreads from0.60.0
Axi Commission Fees

Deposit and Withdrawal Fees

The broker has no fees for deposits or withdrawals. Funds can be deposited via wire transfers, credit/debit cards, and electronic wallets. However, withdrawals can only be made through wire transfers and e-wallets. Traders can choose from 11 account base currencies, a considerable advantage for traders from all parts of the world. Traders won’t have to pay a conversion fee if they fund their trading account in the same currency as their bank account or local currency. Also, traders can trade in the same currency as their trading account base currency. There is only one drawback regarding deposits and withdrawals. That is, the broker only offers withdrawal via wire transfers or some electronic wallets. Deposit and withdrawal durations may vary depending on the payment method used.

Inactivity Fees

Axi has a huge advantage over its competitors in terms of inactivity fees as the broker does not charge any inactivity fees from the traders’ accounts.  

Axi Review

Platforms and Tools

The broker lags from its competitors in the industry in terms of providing multiple options of trading platforms. Axi only offers the most popular MT4 trading platform on web, desktop and mobile applications. Trading with MetaTrader 4 is free of cost, and traders can easily download the trading platform on desktop or mobile devices. Social trading and copy trading are offered with the broker.

Axi WebTrader (MT4)

Axi offers MT4 as its WebTrader. Traders can access their trading accounts with any browser and device with an internet connection. The interface for this trading platform is a bit outdated, but this is a well-known trading platform, so even beginning traders can get a grip on it in no time. MT4 web trading platform provides simplicity for a better overall trading experience. The broker’s WebTrader contains the following features:

  • 9 time frames
  • 3 chart types
  • 6 order types
  • Fast order execution
  • Technical indicators
  • Drawing objects
  • Price alerts
  • Order Confirmation
  • Clear fee report
  • Customisable charts
Axi MT4 WebTrader
Axi MT4 WebTrader

Desktop Trading Platform (MT4)

Axi provides the most recognised MetaTrader 4 trading platform’s desktop application. Traders can enjoy seamless automated trading via expert advisors on the MT4 trading platform. Moreover, the broker offers support of more than 25 languages on its MT4. Here are the features of the desktop MT4 trading platform:

  • 9 time frames
  • 3 chart types
  • 6 order types
  • Technical indicators and drawing tools
  • User Friendly
  • Access forex and CFDs markets in one place
  • Automated trading with Expert Advisor
  • Copy Trading
  • Multiple Language support
  • Real-time price quotes
  • One-Click trading
  • Downloadable Trading history
Axi MT4 Desktop Platform
Axi MT4 Desktop Platform

Mobile Trading Platform (MT4)

The broker offers the most used MetaTrader 4 trading platform for mobile devices, both android and iOS. Traders no longer need a big device like a PC to have complete access to their trading accounts. In a matter of seconds, trades can be opened, monitored, and closed. Traders can do research and technical analysis using several technical indicators and drawing tools. Here are the cool features of mobile MT4:

  • Fast login and order execution
  • Live price quotes and alerts
  • Market alerts
  • Drawing tools and technical indicators
  • 6 order types
  • 3 chart types
  • 9 time frames
  • Trading history
  • User-Friendly
Axi MT4 Mobile App
Axi MT4 Mobile App

VPS

Axi customers use external third-party providers to subscribe to an MT4 Forex VPS hosting service, ensuring that trades are never affected by technological or connection errors. The broker offers the following VPS services to its customers:

  • ForexVPS
  • MetaTrader VPS
  • Commercial Network Services (CNS)
  • BEEKSFX VPS

PsyQuation

PsyQuation is one of the most advanced retail trading software solutions available. It is built with Artificial Intelligence and Machine Learning. It analyses your trading style and performance in real-time, comparing it to the most recent data to offer intraday charting and performance effect analysis.

PsyQuation
PsyQuation

Trading Signals

Every trader should be able to pursue their own trading strategy. As a result, the broker lets traders use third-party Forex Trading Signal technologies on its MT4 platform. However, clients should be advised that hypothetical performance and real trading outcomes might differ significantly when utilising third-party plugins and methods. Hypothetical success cannot be guaranteed, and it frequently ignores financial risk and the capacity to stick to a trading plan despite losses.

Axi Platforms Summary

PlatformAxi
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)x
cTraderx
Proprietaryx
Desktop (MT4)
Web (MT4)
Mobile (MT4)
Social Trading
Other x
Axi Platforms

Axi Review

Research and Education

Traders can utilise the MetaTrader 4 platform’s research tools, but no trading ideas or fundamental data exist. There are also alternate web tools, such as a fantastic economic calendar. The broker offers trading education via multiple means such as trading courses, platform tutorials, videos, ebooks, essential news, market analysis, and expert commentary. The broker provides a free trading academy and a blog to its customers to keep up with the market trends and learn to trade. Traders can also learn to trade with a free demo account.

Axi Academy

Axi academy offers trading education developed by traders for traders and covers various proven trading strategies to help its customers achieve their goals. Traders can choose from available free courses and get a grip on it with its learning material. Axi Academy courses can be accessed using a mobile device or computer from anywhere at any time. Professional traders designed these free interactive online trading courses, which contain textual content, videos, and quizzes, offering traders a variety of learning options.

Axi Academy
Axi Academy

Axi Blog

The broker has its own blog. Free market analysis and trading education are provided and updated on the blog on a regular basis. Trading education provided by the broker contains information regarding forex, cryptocurrencies and CFDs. Axi Blog contains the following information for its customers:

  • Forex Trading
  • Blockchain technology
  • Cryptocurrencies
  • Trading mistakes and trading plan
  • Technical analysis on offered instruments
  • Forex strategies
  • Expert Advisors
  • CFDs
  • US Stocks CFDs
  • Position Sizing
  • Speculation
Axi Trading Education
Axi Trading Education

Autochartist

Axi offers state of the art trading tool Autochartist. That provides technical analysis on MT4 with a plugin. Traders can benefit from Autochartist with these salient features:

  • Continuous intraday market scanning
  • Automated technical analysis
  • Detailed performance statistics
  • Volatility analysis
  • Free market reports
  • Favourite Lists
  • Autochartist MT4 Plugin
  • Fully customisable and easy to use the technical analysis tool
  • Trading opportunities are delivered via email, mobile applications
  • 1000+ actionable trade opportunities & ideas per month
  • scan the market for high-quality trading opportunities
  • Visual quality indicators
  • access to complex chart patterns
  • Identification of market trends and key levels
  • Chart Patterns including Triangles, Wedges, Tops and Bottoms
  • Identification of consecutive candles
  • identification of Fibonacci patterns
  • Identification of Key horizontal support or resistance levels
Autochartist
Autochartist

Axi Research and Education Summary

ResourcesAxi
Market Analysis
Guides
Videos
Webinars
Autochartist
Trading Centralx
Economic Calendar
Otherx
Axi Resources

Axi Review

Deposit and Withdrawal

Axi offers multiple payment methods for deposits and withdrawals to its customers. Deposits can be made from wire transfers, debit/credit cards and multiple electronic wallet options available. However, the broker only allows withdrawals via wire transfer and some electronic wallets, which is a downside. Deposits and withdrawals can take anywhere from instant to 3-7 business days, depending on the payment method used at the time. There are no costs or fees for deposits and withdrawals by Axi, which gives it a massive advantage over its competitors. However, despite the increasing popularity, the broker lags in providing cryptocurrencies as a mode of payment to its customers, even though it offers cryptocurrency trading. The broker does not accept any third-party payments. You need to make sure that any deposits to your trading account are made from an account in your name.

Axi Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptosxx
Axi Funding Options

Axi Review

Regulation and Safety

Axi is a licensed broker, which means it must adhere to strict laws and standards in order to safeguard its customers. Please bear in mind that while different authorities govern the broker in different regions, each market has its own set of restrictions. The broker is authorised and regulated by UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Dubai Financial Services Authority (DFSA), the Financial Service Authority of St. Vincent and the Grenadines (FSA). The broker’s safety is enhanced by the fact that a top-tier financial body regulates it.

Axi Regulation Summary

RegulatorAxi
ASIC (Australia)
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)
CFTC (USA)x
Other (DFSA, FSA)
Axi Regulators

Axi Safety

Top tier regulatory authorities like ASIC, FCA, FSA and DFSA regulate Axi forex and CFD broker. However, the broker is not yet listed and traded on any stock exchange in the world and does not disclose its financial statements in public. Furthermore, the broker’s licence to provide its services in New Zealand was suspended in 2019. However, the retail customers from the UK and EU under the regulation of FCA are provided negative balance protection to some extent.

Axi Review

Client Support

Axi has worldwide, multilingual customer support to assist its clients 24/5. Customer support is available through live online chat, phone, and email. Furthermore, the clients are assigned personal account managers for a more personalised experience. There is always someone from the support staff available with offices in Sydney, London, Dubai, and Chisinau to answer its customer’s general or technical issues. Customer support is available in 12 different countries and six different languages. However, if customer support were available 24/7, it would be great. The clients have mixed experiences with Axi customer support. Some might get a quick response and exact answer to their query, and others would not get a desired response. On top of that, customer support is only available 24/5, so some clients might not be able to get their problems resolved over weekends.

Axi Review

Conclusion

Axi is governed by a number of regulatory authorities worldwide, including the FCA in the United Kingdom and ASIC in Australia. On the bright side, forex commissions are cheap, and there is no inactivity fee. Account opening is simple and completely digital, with no minimum deposit requirement, which is fantastic. However, there are certain disadvantages to using AxiTrader. It only offers FX and CFDs, and its research tools lack suggestions and basic data. Furthermore, customer service is only available five days a week. You can open an account with Axi and try them if you wish, as they require minimal trading costs with no deposit, withdrawal, or inactivity fees. There is also the option of a free demo trading account.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Axi Review

FAQs

When was Axi founded?

The broker was founded in 2007.

Where is Axi located?

The broker is located in Sydney, Australia.

Is Axi regulated?

Yes, the broker is regulated by ASIC, FCA, DFSA and FSA.

What trading instruments does Axi offer?

The broker offers over 130 forex, commodities, stock indices and crypto instruments.

What is Axi’s minimum deposit?

The broker does not require any minimum deposit to open an account. You are free to deposit any minimum amount you want.

What investing platforms does Axi offer?

The broker only offers MetaTrader 4 as its web, desktop and mobile trading platform.

What is Axi’s commission fee?

The broker charges $7 per round on a standard lot on a pro account.

Does Axi charge an inactivity fee?

No, the broker does not charge any inactivity fee from its customers. But you can visit their website to see after what prolonged inactivity the broker considers an account dormant.

What are Axi’s spreads?

The broker offers variable spreads, starting from 0.6 pip spread on a standard account and starting from 0 pip spread on a pro account.

What funding options does Axi offer?

The broker offers many reliable funding options like wire transfers, debit/credit cards, and popular electronic wallets.

Does Axi offer demo trading?

The broker offers a demo account to learn and get hands-on experience.

Does Axi offer Islamic accounts?

Yes, the broker offers Islamic accounts with swap and interest-free trading. But it requires documented proof to see if a customer is Muslim.

How do I contact Axi customer support?

You can contact the broker customer support from live chat, phone and email 24/5.
Axi Review
Axi Review
Minimum Deposit: $1
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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