Axi is a reputable online Forex and CFD broker that provides a choice of over 290 trading instruments across multiple asset classes, including currencies, commodities, indices, equities, and stocks. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders.
In this review, we will pay attention to the critical aspects of Axi, which you should consider before deciding whether to trade with this online brokerage. Despite its strengths, Axi has an excellent aggregate score on Trustpilot, achieving 4.4 out of 5 stars based on 4,290 consumer reviews. As many as 74% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings. Only 10% of the consumers left 1-star Trustpilot reviews for Axi.
Overall Summary Axi | |
---|---|
Year Founded | 2007 |
Minimum Deposit | $0 for certain Axi entities; $5 for Standard and Pro accounts; $25,000 for Elite Account |
Tradable Instruments | Forex, Shares, Indices, Commodities, Cryptocurrencies, IPO Shares, Perpetual Futures (availability limited to certain countries only) |
Open an Account | How to Open an Account at Axi |
Trading Costs | Spreads, Fees, and Commissions at Axi |
Key Pros and Cons
Let us first provide a quick snapshot of Axi’s advantages and disadvantages.
Key Pros
- Regulated in multiple jurisdictions
- Advanced trading platforms
- Tight spreads, low commission fees, fast execution speeds
- Various deposit/withdrawal methods
- AutoChartist and other powerful trading tools
- A good selection of educational resources
- Responsive client support team
Key Cons
- No clients from the United States, Australia, and New Zealand
- MetaTrader 5 available in certain regions only
Company Information
The Incorporation of Axi
Axi was launched in 2007 as an Australian-based financial service provider. The online broker offers traders access to various financial assets using innovative trading platforms. It offers some of the industry’s leading trading conditions, such as ultra-low spreads from 0.0 pips, high liquidity, flexible leverage, and more.
Over 60,000 Clients from More Than 100 Countries
The broker has grown to become a multinational retail firm with offices located in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100+ countries. In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades. In 2025, the broker triumphed at the Global Business and Finance Magazine Awards, winning three trophies, including Best Financial Institution in the UK, Latin America, and the Middle East.
Axi Group is comprised of the following corporate entities with their respective regulated offices:
- AxiCorp Financial Services Pty. Ltd., regulated by the ASIC, with an office address at Level 13, 73 Miller Street, North Sydney, NSW 2060, Australia
- Axi Financial Services (UK) Pty. Ltd., regulated by the FCA, with registered offices at 36 – 38 Leadenhall Street, London, EC3A 1AT, United Kingdom.
- Solaris EMEA Ltd., regulated by the CySEC, with a registered office address at Anexartisias 187, SOHO Office, Level 2, Limassol 3040
- AxiCorp Financial Services Pty Ltd, regulated by the DFSA, with registered offices at Unit OT 19-39, Level 19, Central Park Offices, DIFC, PO Box 507299, Dubai, UAE
- AxiTrader Limited (Saint Vincent and Grenadines), regulated by the FSA, with offices located at Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines.
- AxiCorp Financial Services Pty Ltd, regulated by the FMA, with an office location at Level 4, 4 Graham St, Auckland, 1010, New Zealand.
Note that Axi does not accept clients from certain countries, including the United States, Belgium, and Ontario.
Why Trade with Axi?
Now, let us provide a quick list of the key features that we like about Axi.
Aspect | What we like |
---|---|
Regulation | A reputable broker, regulated in multiple jurisdictions, including the UK, Australia, and Cyprus |
Pricing | Raw spreads and competitive commissions |
Execution | Direct access to over 20 top-tier liquidity providers, with co-located servers in key regions worldwide to ensure faster execution, more accurate pricing, and less slippage |
Trading | Multiple financial assets, including CFDs on forex, stocks, indices, precious metals, crude oil, cryptocurrencies, and commodities |
Platforms | MetaTrader 4 trading platform and various advanced trading tools. |
Customer Support | Award-winning, 24/5 support service via various contact channels |
Regulation
Axi is a reputable broker regulated in various jurisdictions. At its headquarters in Australia, Axi is authorized and regulated by the Australian Securities & Investments Commission (ASIC) under AFSL number 318232, which is a solid and respected regulatory authority in Australia.
In the United Kingdom, Axi operates through AxiCorp Limited, a company registered in England and Wales under registration number 06378544. This entity is authorized and regulated by the Financial Conduct Authority (FCA) with firm reference number 509746. Across Europe, Axi is also licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 433/23. Both the FCA and CySEC require Axi’s participation in their respective investor compensation schemes, providing protection to UK and EU clients. In the event of the broker’s insolvency, clients are eligible for compensation of up to £85,000 in the UK or €20,000 within the EU.
Axi’s operations in other parts of the world are handled by AxiTrader Limited (AxiTrader), which is incorporated in Saint Vincent and the Grenadines (registration number 25417 BC 2019) by the Registrar of International Business Companies and registered by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. The FSA regulatory framework is not as solid as those of the ASIC and FCA.
A breakdown of the various regulatory regimes is presented below.
Region | Entity | Authority | License | |
---|---|---|---|---|
Australia | AxiCorp Financial Services Pty. Ltd | Australian Securities & Investments Commission (ASIC) | AFSL No. 318232 | |
New Zealand | AxiCorp Financial Services Pty. Ltd | Financial Markets Association (FMA) | License No. 518226 | |
Europe | Solaris EMEA Ltd | Cyprus Securities and Exchange Commission (CySEC) | License No. 433/23 | |
Dubai | AxiCorp Financial Services Pty Ltd Dubai Branch | Dubai Financial Services Authority (DFSA) | Reference Number: F003742 | |
UK | Axi Financial Services (UK) Ltd | Financial Conduct Authority (FCA) | Reference Number: 466201 | |
Internationally | AxiTrader Ltd | Financial Services Authority (FSA) | Registration Number: 25417 BC 2019. |
Axi operates under stringent regulations from top-tier authorities such as ASIC and the FCA, which provide a strong regulatory foundation for the broker. However, Axi does not hold a license from the Commodity Futures Trading Commission (CFTC), meaning it is unable to offer its services to citizens or residents of the United States.
KYC Procedure for Account Creation and Depositing
It is easy to create a live trading account with Axi. The entire procedure took us less than 10 minutes, while our live account was verified within 24 hours. Overall, the entire account creation process followed the industry-standard procedure, involving the following steps:
- Setting up your login: You enter a valid email and choose a password.
- Filling your details: you input your names, date of birth, city of residence, address, postcode, and phone number.
- Choosing your trading account: Choose your preferred trading platform and account type (Standard, Pro, or Islamic).
- Checking your suitability status: In line with standard industry requirements, Axi will ask about your employment and sources of income, as well as your trading experience. If you are approved based on your answers, you can proceed to the next step of the process, but if any of your answers do not match the broker’s internal requirements, your application will be rejected.
- Ticking the declaration box: You tick the necessary boxes to indicate you agree to Axi’s Terms and Conditions.
- Verifying your documents: You provide your proof of ID (passport, or national ID card, or driver’s license) and proof of residency (utility bill or bank account statement that is less than 3 months) for Axi to verify your account.
Account verification may take up to 24 hours to be completed. After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account. When your trading account is verified, you can fund it using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information.
Account Types
The broker offers various live trading account options, but some of their features overlap. For instance, both Standard and Pro accounts support AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, and USD as base currencies. Traders should determine the account that best suits their individual needs and trading style. The available trading account options include the following:
Standard Account
Pro Account
Elite Account
Feature | Standard | Pro | Elite |
---|---|---|---|
70 FX pairs | |||
CFDs on major indices, commodities, metals and stocks | |||
ECN Execution | |||
Minimum account balance | $0 with some entities;$5; $200 (ASIC, FMA) | $0 with some entities;$5; $500 (ASIC, FMA) | $25,000 |
Web and desktop platforms, MT4 and mobile apps | |||
Unlimited free wire transfers | |||
No requotes | |||
Negative balance protection | |||
Fully automated execution | |||
24/5 support | |||
Variable contract sizes (as low as 0.01 lot) | |||
Joint account | |||
Corporate account |
Islamic Account
Axi also offers a swap-free account type for clients of the Muslim faith who do not want to earn or pay interest. With this account, trades in all available instruments do not pay or earn interest (swaps), in accordance with the Sharia law.
Demo Account
This account comes pre-loaded with virtual funds and is designed solely for trading practice. It is beneficial for beginners and experienced traders alike. While new traders can use it to test the broker’s platforms before committing real cash, experienced traders can use it to test their trading strategies before implementing them on the live trading accounts.
Trading Fees and Other Costs
As a trader, you will always consider a broker’s trading fees and other costs before deciding whether to trade with them. Just like other CFD and Forex brokers, there are main types of trading fees to keep in mind when trading with Axi, and they include:
- Trading fees – spreads, commissions, and overnight financing rates;
- Non-trading fees – account management fees, deposit and withdrawal fees, inactivity fees.
Let us provide a breakdown of those two categories and see how Axi positions itself on this front.
Costs/Fees | What is This? | With Axi |
---|---|---|
Spreads | The cost is incorporated into the price of what you trade. A wider bid-ask spread means higher costs. |
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Commission | A flat fee paid per position is often used as an alternative to charging via the spread. |
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Financing Charges | The cost of holding a position active overnight. | The broker will not charge an extra fee on top of standard swap rates. |
Deposit Fees | Fees charged by the broker to fund your account. | None (see more in Deposit Methods below) |
Withdrawal Fees | Fees charged by the broker to withdraw money from your account. | None (see Withdrawal Methods below) |
Inactivity Fees | Fees charged on dormant trading accounts. | $10 after one year of inactivity |
Spreads
Similar to other major competitor brokers, there are two different pricing models on Axi’s main account types:
- Standard Account – all-inclusive spread only;
- Pro Account – ultra-thin spreads (starting from 0.0 pips) + a commission of $7 per round turn.
- Elite Account – raw spreads (starting from 0.0 pips) + a commission of $3.50 per round turn.
Let us take a look at the average spreads offered on the Standard and Pro account types as they are the two options available to retail clients and low-volume traders:
Standard Account vs Pro Account | ||
---|---|---|
Instrument | Standard Account | Pro Account |
EUR/USD | 1.2 pips | 0.2 pips |
GBP/USD | 1.3 pips | 0.5 pips |
USD/JPY | 1.3 pips | 0.5 pips |
USD/CHF | 1.5 pips | 0.6 pips |
AUD/USD | 1.3 pips | 0.5 pips |
USD/CAD | 1.3 pips | 0.5 pips |
NZD/USD | 1.4 pips | 0.6 pips |
There is a mark-up of about 1 pip added to the average spread on Axi’s Standard Account to cover the costs of trading the EUR/USD pair.
Now, let us compare the trading costs for the two account types. Let’s suppose we open a position of one standard lot in EUR/USD where a price fluctuation of one pip equals $10. Assuming the trade is opened and closed with the same average spread, the trading costs for the two accounts will be:
Costs of opening a trade on Standard Account vs Pro Account | |
---|---|
Pricing Option | Cost |
Spread-only pricing | $10 |
Spread for Standard Account | 1.2 pips |
Commission for Standard Account | No commission |
TOTAL COST for Standard Account | 1.2 x $10 = $12 per side and $24 per round turn |
Spread for Pro Account | 0.2 pips |
Spread cost | 0.2 x $10 = $2 per side and $4 per round turn |
Commission for Pro Account | $3.50 per side and $7 per round trip per standard lot |
TOTAL COST for Pro Account | $7 + $4 = $11 per round turn per standard lot |
So, the Pro Account is significantly cheaper to trade with.
Finally, let us compare the average spreads for Axi’s Standard account with those other major brokerages offer on the most actively traded Forex pairs.
Instrument | Axi | IC Markets | Fusion Markets | IG Markets |
---|---|---|---|---|
EUR/USD | 1.2 pips | 0.82 pips | 1.01 pips | 0.85 pips |
GBP/USD | 1.3 pips | 1.03 pips | 1.14 pips | 1.40 pips |
USD/JPY | 1.3 pips | 0.94 pips | 1.17 pips | 0.94 pips |
USD/CHF | 1.5 pips | 0.99 pips | 1.14 pips | 1.99 pips |
AUD/USD | 1.3 pips | 0.83 pips | 1.02 pips | 0.82 pips |
USD/CAD | 1.3 pips | 1.05 pips | 1.12 pips | 1.77 pips |
NZD/USD | 1.4 pips | 1.38 pips | 1.13 pips | 2.05 pips |
From the above, we can easily deduce that the spreads offered by Axi are slightly higher than those offered by the big names in the industry, such as IC Markets and IG Markets.
Commissions
Axi does not charge any commissions on the Standard account. On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip).
This means:
- For 1 standard lot (100,000 units), you will pay a $7 commission to open and close the position.
- For 1 mini lot (10,000 units), you will pay a $0.7 commission to open and close the position.
- For 1 micro lot (1,000 units), you will pay a $0.07 commission to open and close the position.
The $7 commission for 1 standard lot is similar to what other brokers such as IC Markets charge, but it is not the lowest in the industry. An equivalent trade on a Zero account with Fusion Markets incurs a $4.50 round-turn commission, which is, at present, among the most competitive offers within the industry. Axi clients who open Elite accounts, however, enjoy even better trading conditions as the commission charged per standard lot is $1.75 per side and $3.50 in both directions.
Financing Charges
In foreign exchange trading, a swap rate refers to the overnight interest that is either earned or paid for holding a position open overnight, reflecting the interest rate differential between the two currencies involved.
At Axi, traders can see the swap charges for a currency position by logging into their MT4 platform and taking the following steps:
- Right-click on a pair in the ‘Market Watch’ panel and select ‘Symbols’.
- Choose the symbol you wish to view, then select ‘Properties’. Next, the features of the currency pair, including the relevant swap rates, will be displayed.
Deposit Fees
Axi does not charge deposit fees, which is a fairly standard practice among major brokerages. For more details see Deposit Methods
Withdrawal Fees
Axi also has no withdrawal fees on all payment options available. For international bank wire transfers, your bank may charge you a receiving fee; this non-transactional fee is your responsibility. For more details see Withdrawal Methods
Inactivity Fees
Axi imposes a $10 inactivity fee on dormant accounts with no trading activity for a period of 12 or more months. With many of the large brokerages, you will usually incur such a charge.
Overall on Fees
Axi offers very raw spreads, fair commission fees, and there are no additional fees on top of overnight financing charges. Also, there are no additional deposit and withdrawal charges, which is a beneficial feature for traders.
But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn for the Pro account are high compared to some of their competitors, such as Fusion Markets. While the Elite account offers lower commissions, it is available only to high-volume traders who can afford significantly larger positions.
Desktop Trading Platforms
The broker provides EU traders with the popular MT4 trading platform, while MetaTrader 5 is available at the international division registered in Saint Vincent and the Grenadines.
MetaTrader 4
Axi allows traders to use the world’s most popular trading platform, MT4, to trade over 290 financial markets. The MT4 platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app compatible with Android and iOS devices. The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge.
Some exciting features you will enjoy from this platform include live price quotes, real-time charting, good drawing tools, various technical indicators for better analysis, flexible chart setups, the one-click trading option, decent Expert Advisors, and more.
In addition, Axi’s MT4 platform will also grant you access to:
- Autochartist: this tool allows you to stay on top of your game. It is an advanced trading software that automatically scans the market and spots opportunities – with insights formulated from market movements.
- PsyQuation with Axi: The PsyQuation works like your own private trading coach, analyzing trades, identifying potential mistakes, and giving you tailored alerts to improve profitability.
- MT4 NexGen: This is a unique plugin that is explicitly designed for Axi clients. The MT4 NexGen provides you with enhanced ordering, sentiment trading, and management tools.
- MT4 VPS hosting: The MT4 hosting service allows traders to get 24/7 connectivity, which is ideal for automated and copy trades with guaranteed uninterrupted trading and executions.
Even more, Axi’s MetaTrader 4 platform offers you the following benefits:
- Reliable and fast order execution
- Competitive pricing across the broker’s entire Forex and CFD product list
- An easy-to-fill order panel that allows you to trade micro-lots
- Trailing stop loss orders
MetaTrader 5
Axi offers traders access to the advanced MetaTrader 5 (MT5) platform, known for its powerful tools and wider market coverage. Users benefit from a vast range of technical analysis tools, including 38 built-in indicators, 44 graphical objects, and 21 timeframes, allowing for precise market evaluation and strategy development.
The platform also features real-time market depth data and an integrated economic calendar. MT5 supports seamless trading on multiple devices, including Windows and Mac desktops, iOS and Android phones, and a web-based version accessible through any modern browser. Axi’s MT5 also integrates copy trading, allowing users to replicate the trades of experienced signal providers with customizable risk management options.
Axi App
While still unavailable to all Axi clients, the broker’s proprietary platform is one of its newest trading solutions. Offering more than 290 instruments, the Axi App grants access to markets like forex, commodities, stocks, indices, and more. The platform boasts a user-friendly interface, making it suitable for both beginners and seasoned traders. You can open both demo and live accounts on the Axi app and trade with whichever trading conditions fit your trading style the best. Advanced charts powered by TradingView, fast order execution, and multi-lingual support are just a few of the features of the Axi platform.
Copy-Trading with Axi
Axi offers seamless copy trading through its Axi Copy app. This tool enables Axi clients to copy the trades of experienced signal providers and replicate their positions. The Axi Copy app can be downloaded from the respective app stores catering to Android and iOS users. The next step is to connect your MT4 account to the app and you will be able to copy the trades of any signal provider on the platform. To help copy traders minimize the risks associated with this form of trading, the Axi Copy app allows users trade customization with trade size and risk tolerance being some of the settings that can be adjusted.
Mobile Trading Platforms
Axi customers can conveniently access a wide range of financial assets directly from their mobile devices using the broker’s intuitive trading app. As already mentioned, the third-party MT4 platform is supported in several different variations, including a mobile app compatible with both Android and iOS phones. The MT4 mobile app is designed to effortlessly narrow down the full functionality of the desktop platform into the small smartphone screens.
Axi’s MetaTrader mobile app combines user-friendly design with comprehensive features, offering traders the flexibility to manage their positions on the go. For example, it features real-time interactive charts with popular technical indicators. Users can trade real-time forex and CFD quotes, and all orders (including pending ones) are allowed. The MT4 app requires Android 5.0 or later, while iOS users can install the mobile version on devices running on iOS 12.0 or higher.
Note that Axi currently offers its proprietary platform to traders who have registered with its international entity, regulated by the FSA. The platform is also available as an app, which is available in the Google Play and Apple’s App stores.
Axi Mobile Trading Platform for Android | Axi Mobile Trading Platform for iOS | |
---|---|---|
Minimum System Requirements | Android 6.0 and up | iOS 13.0 and up |
User Rating | 3.5 / 5 | 4.2 / 5.0 |
User Reviews | N/A | 113 |
Supported Languages | English, Arabic, Portuguese, Spanish | English, Arabic, Portuguese, Spanish |
Forex Pairs | 70+ | 70+ |
Other Tradable Assets | Shares, Indices, Commodities, Cryptocurrencies | Shares, Indices, Commodities, Cryptocurrencies |
Features | Smart charting, analysis, automation & custom watchlists, lightning-fast trade execution, economic calendar, demo trading account. | Smart charting, analysis, automation & custom watchlists, lightning-fast trade execution, economic calendar, demo trading account. |
Biometric Authentication | Yes | Yes |
2-Factor Authentication | Yes | Yes |
Trading Instruments
Apart from Forex trading, Axi allows traders to buy and sell over 290 financial instruments across different asset classes, although the market range may vary from one regulated entity to the next. Although Axi offers access to multiple markets, it still falls short compared to some of its major competitors like IG and IC Markets. Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, options, or interest rates.
Asset Class | Axi | IC Markets | Fusion Markets | |
---|---|---|---|---|
Forex | 70 | OK | 61 | 90 |
Indices | 30 | Good | 25 | 15 |
Stocks CFDs | 100+ | Fair | 2,100+ | 110+ |
Cryptocurrencies | 30 | OK | 22 | 13 |
Commodities | 13 | OK | 28 | 16 |
Bonds | 0 | N/A | 9 | 0 |
Futures | 150+ | OK | 4 | 0 |
Options | 0 | N/A | 0 | 0 |
Let us now take a closer look at the product list.
Forex
Axi offers over 70 forex currency pairs. These are spread across the major, minor and exotic currency pairs. So, with Axi, you have multiple options. Trading Forex with Axi gives you several advantages, including security and negative balance protection.
One of the fascinating things about trading forex with Axi are its competitive trading conditions, including leverage of up to 1:1000 (1:30 for UK and EU retail traders and 1:500 for professionals), raw spreads, and competitive pricing due to its diverse liquidity mix and advanced ECN execution technology. For example, you can trade major Forex pairs with spreads of as low as 0.0 pips on Axi’s Pro Account, while the average spreads on the Standard Account is also fair at 1.2 pips on EUR/USD (when compared with its peers such as IC Markets and FP Markets).
CFDs
Axi provides access to many markets, featuring over 290 tradable CFDs across different asset classes. Whether you are trading for the first time or looking for new ways to diversify your investment portfolio, CFDs can open a world of opportunities with margins as low as 0.1%, no brokerage fees, and no commission on standard accounts.
With Axi, you can trade CFDs online with leverage of up to 1:1000 on certain asset classes like major forex pairs via the offshore division. You may also deposit and withdraw at any time, with zero commissions on the Standard account, and enjoy super competitive spreads with ultra-fast execution speed. Axi offers CFD trading for stocks, indices, commodities, IPOs, precious metals and cryptocurrencies (Bitcoin, Chainlink, Ethereum, Litecoin, and Ripple). Cash indices and some commodities may be traded as Futures CFDs, further improving the diversity at Axi.
Despite covering several major CFD markets, the broker does not offer CFDs on options, interest rates, and other more complex instruments that are designed for professional traders in particular.
Stock CFDs
Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Axi. The broker offers commission-free stock trading.
A stock CFD is a derivative that allows traders to speculate on the price movements of an underlying stock without owning any actual shares. When trading a CFD on Apple, for example, the contract’s value changes in line with the real stock price, yielding profits or losses based on its price fluctuations.
When you invest in stocks, you pay the total price up-front to buy the underlying shares and can only profit if their price increases. However, when you trade stock CFDs, you are simply betting on the price movements, so you have the advantage of profiting from price movements in any direction (long or short).
With share CFDs, you can use leverage, allowing you to trade major global stocks without committing large amounts of capital.
Axi offers over 100 stocks from the UK, US, Europe, and Hong Kong, including blue-chip companies like Tesla, Walt Disney, Meta, and Microsoft. They provide some of the most competitive prices on share CFDs, allowing traders to maximize their investment opportunities with leverage of up to 1:20 (1:5 for retail customers from Europe, UK, and Australia).
Index CFDs
An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets. Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index.
Axi allows traders to invest in over 30 of the most globally traded stock market indices, including DOW, S&P 500, DAX 30, FTSE 100, EURO STOXX 50, and NASDAQ 100, as CFDs. The broker charges zero commissions for trading index CFDs and offers competitive spreads that start from 0.2 points. In addition, Axi provides leverage of up to 1:500 to international customers and 1:20 to traders from Europe, UK, and Australia.
Commodity CFDs
Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Crude oil is the most traded energy instrument on this broker’s platform.
When you trade commodities with Axi, you are not buying a physical asset such as a barrel of oil. Instead, you simply bet on the direction of price movements of the underlying asset through CFDs. This means you can profit whether the price is going up and when it’s going down, and the broker offers leverage of up to 1:100 (1:10 for UK, EU, and Australian retail clients).
Precious Metals
Axi allows traders to invest in a range of precious metals, including gold, silver, platinum, and copper, with super-competitive spreads, fast execution speed, and leverage of up to 1:1000 for gold at the offshore division and 1:20 in Europe and Australia. The most popular precious metals are the Bullion Spot CFDs: gold, silver, and platinum, against the US dollar (Symbols XAU/USD – XAG/USD – XPT/USD).
The minimum trading quantity for precious metals is set at 0.10 lots. Since one standard lot represents 100 ounces, trading 0.10 lots equates to dealing with 10 ounces of gold. Standard accounts incur no commissions on precious metals.
Cryptocurrency CFDs
When you trade cryptocurrency CFDs with Axi, you don’t have to invest directly in the product. Instead, you are simply trading on the real-time price movements in the market. So, while you don’t own the underlying crypto, you can benefit from the price movement in any direction.
With Axi, you can trade over 30 CFDs on leading cryptocurrencies, including Bitcoin, Polkadot, Chainlink, Ethereum, Litecoin, and Ripple, from your MT4 platform without the need for a digital wallet. Axi offers low spreads, zero commissions, and leverage of up to 1:200 (1:2 for Australian and European retail traders).
Trade Execution
Supported by the reliable MT4 and MT5 trading platforms, Axi ensures your trades are executed with exceptional speed. It provides dependable ECN order execution without any dealing desk intervention. Axi has established strong partnerships with leading liquidity providers worldwide. These trusted relationships enable the broker to offer you a more reliable trading experience, with better pricing and faster execution speeds.
Axi believes that traditional ECN connections are too slow for today’s traders as the layers of networks, cables, firewalls, and third-party platforms only add latency which costs the trader. To mitigate this, Axi goes directly to over 20 top-tier liquidity providers and uses co-located servers in key locations worldwide. As a result, the broker makes use of a shorter, and therefore faster, connection. This simple approach results in faster execution, more accurate pricing, and minimal slippage. Another benefit of Axi’s execution model is direct order filling with no requotes.
Axi gives you access to various VPS providers. VPS hosting ensures fast execution and no downtime by making sure you can trade 24 hours a day. One of Axi’s VPS partners is ForexVPS, which offers state-of-the-art SSD drives located in New York. For the Basic VPS edition, Axi will cover up to $34.99 of the monthly fee if you trade more than 20 lots in a calendar month. Another VPS option is MetaTrader VPS, which is offered by MetaQuotes at $10.00 per month.
Deposits
Axi requires a minimum deposit of $0 for the Standard and Pro live account types if you are registered with its FSA-regulated entity. Meanwhile, residents of certain countries, such as the UK and some EU regions, must deposit at least $5 to activate their Standard or Pro accounts. The ASIC and FMA entities have higher minimum deposit requirements of $200 for Standard and $500 for Pro accounts. Regardless which entity you register at, you will incur no additional fees on deposits. There may be extra charges on behalf of your payment service provider but these are beyond Axi’s control.
The broker supports the following base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. The variety of base currencies is beneficial as it prevents customers from running up additional expenses for currency conversion. With different banking solutions available to Axi clients, some traders can deposit in their local currencies. However, it should be noted that there might be additional conversion fees if deposits are made in a currency different than the one used for your live Axi trading account.
The broker offers a generous selection of deposit methods, including:
Method | Processing Time |
---|---|
Credit/Debit Card | Instant |
POLi | Instant |
International Bank Transfers | 1-3 days |
FasaPay | Instant |
Sofort | Instant |
GiroPay | Instant |
iDeal | Instant |
PayPal | Instant |
Perfect Money | Instant |
Neteller | Instant |
Bitcoin | Up to 15 mins |
Skrill | Instant |
Boleto | Up to 12 hrs |
Brazil Internet Banking (TED) | Up to 12 hrs |
Chinese Internet Banking | Instant |
Thailand Internet Banking | Instant |
Vietnamese Internet Banking | Instant |
Indonesian Internet Banking | Instant |
Polish Internet Banking | Instant |
Hong Kong Internet Banking | Instant |
Malaysian Internet Banking | Instant |
Singapore Internet Banking | Instant |
Philippines Internet Banking | Instant |
South African Internet Banking | Instant |
Nigerian Internet Banking | Instant |
Kenyan Internet Banking & MPESA | Instant |
Ghana Internet Banking & Mobile Money | Instant |
Cambodian Internet Banking | 4 hrs |
Laos QR Payments | 4 hrs |
Myanmar QR Payments | 4 hrs |
Global Collect | 3-5 days |
Currently, there are no deposit bonuses available with this brokerage.
Withdrawal Methods
It is easy to withdraw funds from your Axi trading account: you can simply log in to the secure client portal to withdraw your funds:
If you have not made a withdrawal before, please note that all requests will be processed within 1-2 business days upon receipt.
The broker does not guarantee same-day fund receipt, as processing times depend on the receiving bank’s procedures, and these are beyond Axi’s control. For instance, international transfers may take between 2 to 5 days. Customers also should bear in mind that Axi processes withdrawal requests only on weekdays during standard working hours.
Axi does not support third-party remittances following Anti-Money Laundering / Counter-Terrorism Financing law.
For international bank wire transfers, your bank may charge you a receiving fee. This non-transactional fee is your responsibility; please check with your bank if you are unsure. Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers.
Customer Support Contacts
Axi provides knowledgeable, polite, and responsive client support. The service in English is available 24 hours a day on weekdays at the CySEC-regulated entity and 24/7 at the offshore division. You can contact the broker’s support team through any of the following channels:
Support contact | Available | Response |
---|---|---|
Live Chat | 24/7 | Less than 30 seconds |
Telephone contact | 24/7 | Within several minutes |
Email contact | 24/7 | Within several hours |
FAQs | 24/7 | On the website |
- Live Chat – This contact channel allows you to chat with the broker’s support team in real time. You will find this as a “Help” icon at the lower-right corner of the website. When you click on the icon, a chatbot will respond first to direct you to resources that can answer your question. A “Get in Touch” button will then appear, allowing you to chat live with the customer support team.
- Telephone Contact – You can also contact the broker’s support team over the phone only during local business hours. Here are phone numbers for the broker’s offices in various cities:
- Australia – 1300 888 936
- China – 400 8907839
- Germany – 0800 7244085
- Hong Kong – 800 903 578
- Indonesia – 0018030164060
- Malaysia – 1800 81 6529
- New Zealand – 0800 7244085
- Singapore – 800 120 6765
- Spain – 80 060 01 30
- Thailand – 001800120664622
- United Kingdom – 0800 018 3306
When we contacted the broker’s Australian office during local business hours, we got a response in about 3 minutes. The response from the customer support team was polite and offered all the information we were looking for.
- Email Contact: You can send specific inquiries to the following email addresses:
- Support: service@axi.com
After emailing the support team during business hours, we got a reply to our queries within a few hours.
- Submit Request: This is another contact option on Axi’s website. It is a form where you can enter some of your details along with your query. The support team will either send you an email or contact you over the phone or WhatsApp contact within 24 hours.
- Self-Help Section: This is a comprehensive list of Frequently Asked Questions. They answer some of the clients’ most common questions about account and billing, markets, MT4, trading accounts, and so on.
We should also mention some of Axi’s awards for their satisfactory services:
- Best MT4 Forex Broker: atozmarkets.com, 2019
- Best Forex Broker Europe: forex-awards.com, 2019
- Best Forex Broker Middle East: forex-awards.com, 2019
- Best EMEA Region Broker: ADVFN International Financial Awards, 2020
- Best CFD Provider: Shares Awards, 2021 and 2022
- Best Forex Provider: Online Money Awards, 2023
- Best Forex Trading Platform: Online Money Awards, 2023
- Best Financial Institution in the UK, Middle East, and Latin America: Global Business and Finance Magazine Awards, 2025
While Axi offers a good support service, they do not deserve our top mark here since they do not offer support service over the weekend to EU customers (only Mondays to Fridays), unlike peers such as IC Markets.
Research and Educational Materials
Axi offers a good selection of learning resources to help traders make knowledgeable trading decisions. Their range of educational resources includes MT4 video tutorials, seminars, webinars, free eBooks, blog, Axi Academy, and more. Here is what you will find:
- A rich blog containing various market analyses and educational content
- A news section that keeps traders up to date with the latest events in the markets.
- Video tutorials on the following topics:
- How to install MetaTrader 4
- Manage open trades in the MT4 terminal
- Basic functions of MT4
- MetaTrader 4 Navigator
- Place a trade in MetaTrader 4
- Types of orders in MT4
- How to use Market Watch
- Loading charts to MetaTrader
- Backtesting with Axi MetaTrader
- Free webinars are hosted regularly, where you can access live analysis from Axi experts and acquire new skills in real-time.
- Ebooks on various trading topics
Security and Money Guarantees
At BestBrokers, we recommend that traders only transact with well-regulated online brokers, and Axi is one such broker. Our key findings include:
- Over a decade of business history and growth
- Top-tier ASIC and FCA regulation
- FSCS and ICF compensation for UK and EU clients
- Award-winning brokerage
The FCA and ASIC are top-tier regulatory authorities that provide traders with the assurance that a company is fully transparent and ethical in its business dealings. Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This way, the risk of fraudulent behavior by the brokerage is kept at a minimum.
Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review.
Entity | Regulator | Amount covered | Negative Balance Protection |
---|---|---|---|
AxiCorp Financial Services Pty. Ltd | Australian Securities & Investments Commission (ASIC) | N/A | |
AxiCorp Financial Services Pty. Ltd | Financial Conduct Authority (FCA) | £85,000 | |
Solaris EMEA Ltd | Cyprus Securities and Exchange Commission (CySEC) | €20,000 | |
Axi (Saint Vincent and Grenadines) | Financial Services Authority (FSA) | N/A | |
AxiCorp Financial Services Pty. Ltd | Financial Markets Association (FMA) | N/A | |
AxiCorp Financial Services Pty. Ltd | Dubai Financial Services Authority (DFSA) | N/A |
Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Some of the awards include Best MT4 Forex Broker, Best Forex Broker Europe, Best Forex Broker Middle East, and Best EMEA Region Broker.
Conclusion
Overall, our team of experts at BestBrokers believes that Axi may be a good choice for both beginners and professional traders who are looking to trade with fair and favorable trading conditions. Our reasons for this verdict include:
- Fair pricing
- Raw spreads, high liquidity, flexible leverage
- Innovative trading technology
- Lightning-fast execution via the MT4 platform
- Award-winning customer service
- Free education to sharpen your skills
- Self-service portal and multilingual support
- Fully licensed and regulated since 2007