Cookies are used at this website. By continuing to browse it, you agree with our Cookie Policy.

Axi review and ratings

Established 2007
Location Australia UK UAE Saint Vincent and the Grenadines
Regulation ASIC, FCA, DFSA
Offices Sydney, London, Dubai, Kingstown
Broker type STP | ECN
Leverage up to 1:500
Deposit from 5 USD
Spreads low  low
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Softs
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay iDeal Sofort Bpay POLi Giropay

Company information

Axi (previously known as AxiTrader) group includes 4 related companies.

Axi AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Axi UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Axi UAE - located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
Axi SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, SVG company accepts European traders, so one can open a trading account there.

Availability

Axi group accepts clients from all over the world, excluding USA, Israel, Iran and some countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

80+ Currency Pairs Based on major and minor world currencies.
6 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Ripple.
12 Indice Cash CFDs Based on baskets of different blue-chip stocks.
11 Indice Futures Based on baskets of different blue-chip stocks.
18 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
1 Metal Future Based on Copper.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
3 Soft Futures Based on Cocoa, Coffee and Soybean.

Comprehensive review

Axi is an online forex brokerage that was founded in Sydney, Australia back in 2007, and now has regulated entities in Australia, the UK, and Dubai, in addition to an unregulated entity in Saint Vincent and the Grenadines, with each entity serving traders in their respective regions. It is one of the largest Australian forex brokers operating today. The company has in recent years rebranded itself from AxiTrader, to now being known as just Axi.

Axi offers flexible trading conditions and high leverage for most traders, but EU-based users will be limited to a trading leverage of just 1:30 due to the influence of EU securities regulations on Axi’s UK-based entity. For users based outside of the EU, however, trading leverage with Axi can go as high as 1:500.

Traders can enjoy access to a large number of currency pairs, as well as CFDs based on underlying assets such as exotic commodities like coffee, cocoa, and soybeans, as well as the precious metals gold, silver, and platinum. In addition, the broker offers access to CFDs based on the popular cryptocurrencies Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple, all of which are tradeable during normal forex market trading hours.

As its trading platform, Axi has chosen to focus on the popular MetaTrader 4 (MT4), in addition to an API solution for traders who want to connect via other platforms. As the most popular retail forex trading platform in history, MT4 has demonstrated its success over the years as a favorite trading tool among brokers and traders alike. Among other things, MT4 stands out from other platforms with its amazingly large library of trading algorithms called “Expert Advisors” within the platform.

As usual, MT4 is available in versions for PC, Mac, Web, as well as Apple and Android mobile devices.

In addition to providing access to the thousands of forex trading strategies that are available within the MT4 ecosystem, MT4 and Axi also allows their traders to develop their own trading strategies to share with others. Successful strategy developers have proved that this is a great alternative way to make money from trading, as it represents an opportunity to make more consistent profits from selling a strategy than what would be possible from just trading the market on their own.

In terms of account types, Axi offers a Standard Account and a Pro Account. Both account types offer the same selection of trading instruments and leverage, but the Pro option is a commission-based account with a $7 round-trip commission on trades, and much tighter spreads starting from just 0.0 pips. The Standard Account, on the other hand, has no commissions, but has spreads starting from 0.4 pips.

There is no minimum deposit amount required to set up a trading account with Axi.

Deposits and withdrawals are generally carried out in a hassle-free way with Axi, and there are a variety of payment methods available to take care of this. Among them is of course bank transfer and major payment cards, but also e-wallet services like Skrill and Neteller. Keep in mind, however, that the available payment methods differ depending on which currency you choose as your trading account’s base currency.

Lastly, we also appreciate that Axi has managed to keep its customer support open 24 hours a day on trading days, although this is really something we should expect from all forex brokers. In addition to localized phone support in 11 countries, users can reach the broker via live chat on its website or through email.

No reviews yet

No reviews from traders yet.
Rating