Axi review and ratings

Established 2007
Location Australia New Zealand UK UAE Saint Vincent and the Grenadines Vanuatu
Regulation ASIC, FMA, FCA, DFSA, VFSC
Offices Sydney, Auckland, London, Dubai, Port Louis, Kingstown
Broker type MM
Leverage up to 1:500 (1:30 for AU and EU clients)
Deposit from 1 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5 Specific FIX API
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller Bitcoin Tether

Company information

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

Axi AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Axi NZ - located in New Zealand, regulated by the Financial Markets Authority (FMA).
Axi UK - located in the United Kingdom, 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.
Axi VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).

Be aware, UK brokers are subject to some trading restrictions imposed by the European Securities and Markets Authority (ESMA).
Unfortunately, ASIC has also placed some trading restrictions on AU brokers since late March 2021 (such as restrictions on trading leverage).

Availability

Axi group accepts clients from all over the world, excluding USA, North Korea, Russia, Belarus, Afghanistan, Libya, Iran, Israel, Haiti.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
20+ Crypto Pairs Based on various top-rated coins and tokens.
10+ Indice CFDs Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
4 Metal CFDs Based on Gold, Silver, Platinum, Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
3 Soft CFDs Based on Cocoa, Coffee and Soybean.
100+ Stock CFDs Based on shares of US, UK and EU companies.

Stock CFDs are available only on the Axi Trading App.

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 offshore-registered entities in Saint Vincent and the Grenadines and Vanuatu. 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 Australian, UK and EU users will be limited to a trading leverage of just 1:30 due to local regulations imposed on Axi's entities. For users based outside of these regions, however, trading leverage with Axi can go as high as 1:500.

With Axi, 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 popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) for traders based outside of the EU, UK and Australia.

As its trading platform, Axi has chosen to focus on the popular MetaTrader 4 (MT4), in addition to a proprietary platform known as Axi Trading Platform (ATP). 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. ATP, meanwhile, is available on web and as a mobile app for Apple and Android, but is currently not available in all jurisdictions.

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.

Another notable offering from Axi is the funded trader program Axi Select. With this program, traders who have demonstrated success in the markets can receive up to $1 million in funding, and have the opportunity to keep 90% of the profits they make. There is also no cost to join the program, which makes this a very compelling program for traders looking to take their trading to the next level.

There are three types of trading accounts with Axi: Standard, Pro and Elite. In most jurisdictions, there is no minimum deposit to open a Standard or Pro account, while there is a $25,000 minimum deposit for the Elite account. This is different for the entity registered in Australia, however, where the minimum deposits for the three account types are $200, $500, and $25,000, respectively.

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.

At the time of writing, the available base currencies for the Standard and Pro account are AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, and USD. The Elite account can be opened in USD, EUR, GBP, AUD and NZD.

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. The broker provides support to its clients in English, Arabic, Spanish, Indonesian, Thai, Vietnamese, Chinese, French, Italian, Portuguese, Taiwanese, and Japanese.

Reviews from traders

4.17/5
(29 votes)
4/5
Netherlands
Netherlands
5/5
Nigeria
Nigeria
4/5
Portugal
Portugal
4/5
Indonesia
Indonesia
5/5
Ecuador
Ecuador
5/5
Romania
Romania
5/5
Spain
Spain
4/5
Germany
Germany
5/5
Indonesia
Indonesia
4/5
Portugal
Portugal
4/5
Estonia
Estonia
1/5
Canada
Canada
4/5
Portugal
Portugal
4/5
Indonesia
Indonesia
4/5
Nigeria
Nigeria
4/5
Spain
Spain
4/5
Andorra
Andorra
5/5
Brazil
Brazil
4/5
Costa Rica
Costa Rica
4/5
Argentina
Argentina
4/5
Morocco
Morocco
4/5
Germany
Germany
4/5
Canada
Canada
4/5
Australia
Australia
4/5
Canada
Canada
4/5
Mexico
Mexico
5/5
Canada
Canada
5/5
Poland
Poland
4/5
Germany
Germany
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