Written by Emmanuel Ifeanyi
Emmanuel Ifeanyi Ekwomadu is a financial content writer specialised in Forex, Stock and Crypto trading. He is the person behind most of the brokers reviews that you will find on BestBrokers.com
, | Updated: September 2, 2025

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 Founded2007
Minimum Deposit$0 for certain Axi entities; $5 for Standard and Pro accounts; $25,000 for Elite Account
Tradable InstrumentsForex, Shares, Indices, Commodities, Cryptocurrencies, IPO Shares, Perpetual Futures (availability limited to certain countries only)
Open an AccountHow to Open an Account at Axi
Trading CostsSpreads, Fees, and Commissions at Axi
Trustpilot Score
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TrustPilot Review Count
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Licenses by Regulator Tier
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Number of Available FX Pairs
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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

2007

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.

2025

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:

  1. AxiCorp Financial Services Pty. Ltd., regulated by the ASIC, with an office address at Level 13, 73 Miller Street, North Sydney, NSW 2060, Australia
  2. Axi Financial Services (UK) Pty. Ltd., regulated by the FCA, with registered offices at 36 – 38 Leadenhall Street, London, EC3A 1AT, United Kingdom.
  3. Solaris EMEA Ltd., regulated by the CySEC, with a registered office address at Anexartisias 187, SOHO Office, Level 2, Limassol 3040
  4. 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
  5. 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.
  6. 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.

AspectWhat we like
RegulationA reputable broker, regulated in multiple jurisdictions, including the UK, Australia, and Cyprus
PricingRaw spreads and competitive commissions
ExecutionDirect 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
TradingMultiple financial assets, including CFDs on forex, stocks, indices, precious metals, crude oil, cryptocurrencies, and commodities
PlatformsMetaTrader 4 trading platform and various advanced trading tools.
Customer SupportAward-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.

RegionEntityAuthorityLicense
AustraliaAxiCorp Financial Services Pty. LtdAustralian Securities & Investments Commission (ASIC)AFSL No. 318232
New ZealandAxiCorp Financial Services Pty. LtdFinancial Markets Association (FMA)License No. 518226
EuropeSolaris EMEA LtdCyprus Securities and Exchange Commission (CySEC)License No. 433/23
DubaiAxiCorp Financial Services Pty Ltd Dubai BranchDubai Financial Services Authority (DFSA)Reference Number: F003742
UKAxi Financial Services (UK) LtdFinancial Conduct Authority (FCA)Reference Number: 466201
InternationallyAxiTrader LtdFinancial 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.

Regulation

  • Multi-jurisdiction regulation develops trust
  • FCA regulation translates into GBP 85,000 compensation per covered client
  • FSA regulation translates into higher leverage allowed: up to 1:1000

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:

  1. Setting up your login: You enter a valid email and choose a password.
  2. Filling your details: you input your names, date of birth, city of residence, address, postcode, and phone number.
  3. Choosing your trading account: Choose your preferred trading platform and account type (Standard, Pro, or Islamic).
  4. 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.
  5. Ticking the declaration box: You tick the necessary boxes to indicate you agree to Axi’s Terms and Conditions.
  6. 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 Opening

  • Fast sign up process (up to 10 minutes)
  • Sign up includes a suitability test
  • Website is encrypted for optimal protection

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

The Standard account is best suited for new traders. With a minimum deposit of $0 at the offshore entity, the Standard account gives traders the liberty to start trading with any amount they can afford. Keep in mind that different entities of Axi impose different minimum deposit requirements for the Standard account, with UK and EU traders required to deposit at least $5 to activate the account. Meanwhile, Australian and New Zealand traders must deposit at least $200 to their Standard accounts. This Axi account option keeps things simple and offers low spreads from 0.8 pips. There are no trading commissions, and the minimum trade size is 0.01 lots. The maximum leverage available on this account type is 1:30 for traders registered with the entities regulated by the ASIC, FCA, and CySEC. The FSA-regulated entity of Axi offers Standard account holders maximum leverage up to 1:1000.

Pro Account

This account type is designed to meet the trading needs of active and high-volume professional traders. Experienced traders may find the Pro account very appealing for several reasons, including its competitive spreads from 0.0 pips, low deposit minimum, a minimum trade size of 0.01 lots, gold spreads from 8 points, and access to a wide variety of financial instruments. While some clients of Axi will have no deposit minimum for the Pro account, UK and EU traders will need to fund their Pro trading balances with at least $5. Those registered with the ASIC and FMA entities are also eligible for Pro accounts but the minimum deposit is $500. The account charges a commission of $7 per round trip. The maximum leverage for the Pro account coincides with that for the Standard account, up to 1:30 in strictly-regulated jurisdictions and up to 1:1000 to those who have registered with the FSA-regulated entity.

Elite Account

Traders who wish to upgrade their retail accounts and unlock higher leverage may apply for the Elite account of Axi. It is worth noting that this option is primarily suitable for high-volume traders, as it requires a minimum deposit of $25,000. Meanwhile, spreads will be as low as the raw prices with the Pro account but the trading cost will be further reduced by a lower commission of $3.50 per round trip. Retail customers who qualify as wholesale traders will unlock leverage of up to 1:500 on the Elite account. Those that have no leverage restrictions for the Standard and Pro account will still be able to enjoy leverage up to 1:1000 on trades placed with Axi’s Elite account.

FeatureStandardProElite
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.

Account Types

  • Three main account types: Standard, Pro, and Elite
  • Islamic Account available
  • Demo Account available

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/FeesWhat is This?With Axi
SpreadsThe cost is incorporated into the price of what you trade. A wider bid-ask spread means higher costs.
  • Raw spreads
  • Standard Account: the average spread of 1.2 pips on EUR/USD is a competitive offering.
  • Pro and Elite Account: the average spread of 0.2 pips on EUR/USD is currently one of the best you will find within the industry
CommissionA flat fee paid per position is often used as an alternative to charging via the spread.
  • Standard Account: No commissions.
  • Pro Account: $3.50 per lot per side ($7 round trip), which is fair but not the lowest in the industry.
  • Elite Account: $1.75 per lot per side ($3.50 round trip) further reduces the trading cost.
Financing ChargesThe cost of holding a position active overnight.The broker will not charge an extra fee on top of standard swap rates.
Deposit FeesFees charged by the broker to fund your account.None
(see more in Deposit Methods below)
Withdrawal FeesFees charged by the broker to withdraw money from your account.None
(see Withdrawal Methods below)
Inactivity FeesFees 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
InstrumentStandard AccountPro Account
EUR/USD1.2 pips0.2 pips
GBP/USD1.3 pips0.5 pips
USD/JPY1.3 pips0.5 pips
USD/CHF1.5 pips0.6 pips
AUD/USD1.3 pips0.5 pips
USD/CAD1.3 pips0.5 pips
NZD/USD1.4 pips0.6 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 OptionCost
Spread-only pricing$10
Spread for Standard Account1.2 pips
Commission for Standard AccountNo commission
TOTAL COST for Standard Account1.2 x $10 = $12 per side and $24 per round turn
Spread for Pro Account0.2 pips
Spread cost0.2 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.

InstrumentAxiIC MarketsFusion MarketsIG Markets
EUR/USD1.2 pips0.82 pips1.01 pips0.85 pips
GBP/USD1.3 pips1.03 pips1.14 pips1.40 pips
USD/JPY1.3 pips0.94 pips1.17 pips0.94 pips
USD/CHF1.5 pips0.99 pips1.14 pips1.99 pips
AUD/USD1.3 pips0.83 pips1.02 pips0.82 pips
USD/CAD1.3 pips1.05 pips1.12 pips1.77 pips
NZD/USD1.4 pips1.38 pips1.13 pips2.05 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.

Spreads & Commissions

  • Fair Standard account spreads
  • Good Pro account spreads
  • Fair Pro account commissions

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:

  1. Right-click on a pair in the ‘Market Watch’ panel and select ‘Symbols’.
  2. 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.

Inactivity Fees

  • Deducted monthly after one year of inactivity

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.

Trading Fees and Other Costs

  • Fair spreads on Standard accounts
  • Very competitive spread on the Pro account
  • No extra fees on top of standard swap rates
  • No deposit and withdrawal fees
  • Commissions are slightly higher than those of some competitors

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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:

  1. Reliable and fast order execution
  2. Competitive pricing across the broker’s entire Forex and CFD product list
  3. An easy-to-fill order panel that allows you to trade micro-lots
  4. 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.

Desktop Platforms

  • MT4 and MT5 trading is available
  • Axi proprietary platform for offshore clients
  • Multiple advanced trading tools are available
  • Copy trading available via Axi Copy app
  • MT4 VPS hosting

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 AndroidAxi Mobile Trading Platform for iOS
Minimum System RequirementsAndroid 6.0 and upiOS 13.0 and up
User Rating3.5 / 54.2 / 5.0
User ReviewsN/A113
Supported LanguagesEnglish, Arabic, Portuguese, SpanishEnglish, Arabic, Portuguese, Spanish
Forex Pairs70+70+
Other Tradable AssetsShares, Indices, Commodities, CryptocurrenciesShares, Indices, Commodities, Cryptocurrencies
FeaturesSmart 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 AuthenticationYesYes
2-Factor AuthenticationYesYes

Mobile Trading

  • Third-party mobile apps for the MT4 trading platform are available
  • Apps translate well from the desktop platform version
  • Axi Platform and Axi Copy apps are available

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 ClassAxiIC MarketsFusion Markets
Forex70OK6190
Indices30Good2515
Stocks CFDs100+Fair2,100+110+
Cryptocurrencies30OK2213
Commodities13OK2816
Bonds0N/A90
Futures150+OK40
Options0N/A00

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).

Trading Instruments

  • Decent coverage of all major asset classes
  • Leveraged trading on various instruments
  • No options and bonds CFDs

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.

Trade Execution

  • ECN execution with no dealing desk intervention
  • Ultra-fast execution speed and low latency
  • Direct access to over 20 top tier liquidity providers

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:

MethodProcessing Time
Credit/Debit CardInstant
POLiInstant
International Bank Transfers1-3 days
FasaPayInstant
SofortInstant
GiroPayInstant
iDealInstant
PayPalInstant
Perfect MoneyInstant
NetellerInstant
BitcoinUp to 15 mins
SkrillInstant
BoletoUp to 12 hrs
Brazil Internet Banking (TED)Up to 12 hrs
Chinese Internet BankingInstant
Thailand Internet BankingInstant
Vietnamese Internet BankingInstant
Indonesian Internet BankingInstant
Polish Internet BankingInstant
Hong Kong Internet BankingInstant
Malaysian Internet BankingInstant
Singapore Internet BankingInstant
Philippines Internet BankingInstant
South African Internet BankingInstant
Nigerian Internet BankingInstant
Kenyan Internet Banking & MPESAInstant
Ghana Internet Banking & Mobile MoneyInstant
Cambodian Internet Banking4 hrs
Laos QR Payments4 hrs
Myanmar QR Payments4 hrs
Global Collect3-5 days

Currently, there are no deposit bonuses available with this brokerage.

Deposits

  • No minimum deposit
  • Multiple base currencies
  • No deposit fees charged
  • Good selection of payment methods
  • No deposit bonuses are available

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.

Withdrawal Methods

  • No withdrawal fees with most payment methods, except international bank transfers
  • Minimum withdrawal of $50 for bank transfers and $5 for cards
  • Timely withdrawal request processing

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 contactAvailableResponse
Live Chat24/7Less than 30 seconds
Telephone contact24/7Within several minutes
Email contact24/7Within several hours
FAQs24/7On the website
  1. 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.
  2. 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:

    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.

  3. Email Contact: You can send specific inquiries to the following email addresses:

    After emailing the support team during business hours, we got a reply to our queries within a few hours.

  4. 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.
  5. 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.

Support Contacts

  • Live Chat experience was outstanding
  • Extensive FAQs section
  • Phone contact during local business hours
  • No support over the weekend at the CySEC division
  • WhatsApp contact available
  • Email support available

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:

  1. A rich blog containing various market analyses and educational content
  2. A news section that keeps traders up to date with the latest events in the markets.
  3. 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
  4. Free webinars are hosted regularly, where you can access live analysis from Axi experts and acquire new skills in real-time.
  5. Ebooks on various trading topics

Research & Education

  • Good educational content
  • Regular seminars and webinars
  • MT4 video tutorials
  • Axi blog and trading academy

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.

EntityRegulatorAmount coveredNegative Balance Protection
AxiCorp Financial Services Pty. LtdAustralian Securities & Investments Commission (ASIC)N/A
AxiCorp Financial Services Pty. LtdFinancial Conduct Authority (FCA)£85,000
Solaris EMEA LtdCyprus Securities and Exchange Commission (CySEC)€20,000
Axi (Saint Vincent and Grenadines)Financial Services Authority (FSA)N/A
AxiCorp Financial Services Pty. LtdFinancial Markets Association (FMA)N/A
AxiCorp Financial Services Pty. LtdDubai 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.

Security of Funds

  • Stringent ASIC and FCA regulation
  • FSCS compensation under FCA
  • Multiple industry awards

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

Overall

  • ECN brokerage, which translates into fast execution and improved trust for clients
  • Low trading costs and no non-trading costs
  • Good selection of trading platforms and additional tools
  • Opportunity to trade over 290 financial instruments
Written by E. Ifeanyi