Axi Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- Web Trader MT4
- Mobile application
- Axi Mobile app
- ASIC
- FCA
- DFSA
- The Financial Commission
- 2007
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- Web Trader MT4
- Mobile application
- Axi Mobile app
- ASIC
- FCA
- DFSA
- The Financial Commission
- 2007
Our Evaluation of Axi
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Axi is a moderate-risk broker with the TU Overall Score of 5.66 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Axi clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Axi is a reliable brokerage with years of experience, holding three licenses in different jurisdictions. It offers accounts for traders of all experience levels, along with education and tools to enhance trading efficiency.
Brief Look at Axi
Axi is a multi-regulated Forex and CFD broker operating under licenses from ASIC (Australia - 127 606 348 ), FCA (United Kingdom - 466201), and DFSA (UAE - F003742), and is a member of The Financial Commission. Each division of Axi serves a specific region, with global traders transacting through the company registered in Saint Vincent and the Grenadines. Axi provides access to over 290 CFDs on stocks, commodities, cryptocurrencies, and shares. Specializing in the Forex market, the broker offers clients over 70 currency pairs with leverage up to 1:30, 1:400, or 1:500, depending on the regulator.
- Compliance with strict FCA, ASIC, and DFSA regulations;
- No specific initial deposit requirements for Standard and Pro accounts;
- High execution speed and price aggregation from 20+ liquidity providers;
- 5-digit quotes;
- Access to VPS, Autochartist, and an extended toolkit for MT4;
- Minimum trade size of 0.01 lots;
- No fees for deposits and withdrawals.
- Spreads on the Forex market are not the tightest;
- Demo accounts are provided for 30 days if the trader does not have a user account;
- The broker does not offer more advanced platforms like MT5 and cTrader, only MT4 is available.
TU Expert Advice
Financial expert and analyst at Traders Union
Axi has been operating for over 15 years, consistently fulfilling both trading and payment obligations responsibly. As a multi-regulated broker, its services are available in many countries worldwide, leading to a continuous expansion of its client base. Axi operates on a unique execution model, aggregating liquidity from more than 20 major providers. The company deliberately opted out of ECN technology, considering it slow for modern traders.
Axi offers accounts for both professional market participants and beginners. However, it still lacks cent accounts necessary for learning and testing strategies. The broker's website features an extensive selection of educational articles, and MT4 demo accounts are also available. Axi has introduced its own mobile applications, but for desktop and web trading, clients can only use MetaTrader 4 platforms.
The broker adjusts leverage based on regulatory requirements and, in general, complies with all their safety and capital adequacy standards. Traders receive round-the-clock support in English on weekdays, as well as multiple communication channels in other languages and regions.
- Regulatory oversight is crucial for you. This broker's activity is monitored by three regulators, providing an extra layer of security. Additionally, they offer deposit insurance and compensation payments.
- You prefer a wide selection of assets. This broker provides access to more than 140 currency pairs, metals, and CFDs, allowing for diverse trading strategies.
- You prioritize a smooth withdrawal process. Some users have reported occasional problems with withdrawing funds, indicating potential issues in this aspect.
- You prefer a variety of withdrawal methods. This broker currently facilitates fund withdrawals through Neteller and bank transfer, but it lacks support for popular e-wallets, limiting your options.
Axi Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MT4 desktop, MT4 mobile app, MT4 WebTrader, Axi Mobile app |
|---|---|
| 📊 Accounts: | Demo MT4, Standard, Pro, Elite, Islamic |
| 💰 Account currency: |
Base currencies for all accounts: USD, GBP, EUR, NZD, AUD; Additional currencies for Standard and Pro accounts: CAD, SGD, JPY, CHF, HKD |
| 💵 Replenishment / Withdrawal: |
All countries: International bank transfers, credit/debit cards, cryptocurrencies, transfers from another broker's account Depending on region: Skrill, Neteller, Przelewy24, AstroPay, Boleto, PIX, FasaPay, Perfect Money, QR Payments |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:30, up to 1:400, or up to 1:500 (depends on the registration country and the division) |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: |
Standard — from 0.9 pips; Elite and Pro — from 0.0 pips |
| 🔧 Instruments: | Forex, CFDs on stocks, indices, commodities, cryptocurrencies (not available to residents of the UK), IPOs |
| 💹 Margin Call / Stop Out: | 100%/20% |
| 🏛 Liquidity provider: | Morgan Stanley, UBS, J.P. Morgan, Deutsche Bank, Nomura, Credit Suisse, Finalto, Jump Liquidity, and others |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Depends on the requirements of the division's regulator |
| 🎁 Contests and bonuses: | Yes |
Trading conditions with Axi vary as its operations are regulated in different jurisdictions. Traders from the UK and Australia qualify as Retail and Professional, and this status affects the leverage, available account types, and the size of trading fees. Axi takes into account the interests of clients from different countries, offering accounts in 10 currencies and supporting various deposit and withdrawal options.
Axi Key Parameters Evaluation
Video Review of Axi
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Trading Account Opening
Access to the user account on the Axi website is only available to traders registered with the broker. To become a client, follow these steps:
Click on "Open Account" to initiate the registration process.
Fill out the designated form, and then check your email — the broker will send you login details for the client portal and activation information for your MT4 account.
After accessing your user account:
Additionally, you'll be able to perform several other actions, namely:
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Transfer funds between your accounts;
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Request a withdrawal of profits earned from trading;
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Switch to WebTrader and download the desktop/mobile platform;
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Connect to receive market news and analytics, as well as access to Autochartist;
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Request technical support via chat or by creating a support ticket.
Regulation and safety
Axi, founded in Australia in 2007, is regulated by the Australian Securities and Investments Commission (ASIC), known for having some of the most stringent requirements among international regulators. License holders are obligated to regularly submit financial reports and undergo third-party audits.
While ASIC regulates only the Australian markets, Axi obtained licenses from other commissions to enter the international arena. In 2007, the broker registered with the British Financial Conduct Authority (FCA), and in 2018, with the Dubai Financial Services Authority (DFSA).
Since 2019, Axi has been a member of The Financial Commission—an independent organization for resolving disputes between financial companies and their clients. It has its own compensation fund.
To further expand its client base, Axi opened a representative office in Saint Vincent and the Grenadines in 2019. The offshore division offers the highest leverage, as the local regulator SVG FSA does not monitor the activities of Forex brokers and does not place requirements on available margin trading limits.
Advantages
- Axi is monitored by three regulators
- Regular monitoring of financial indicators by external auditors
- Investment protection up to EUR 20,000 from the Financial Commission
Disadvantages
- Limitation on leverage for retail traders from Australia and the UK
- FCA-licensed division does not offer CFD trading on cryptocurrencies
- The choice of servicing division is automatic based on IP address, not by the trader's preference
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Elite | From $0 | No |
| Pro | From $0 | No |
| Standard | From $9 | No |
If the trading account does not qualify as Islamic, the trader may incur profits or losses due to overnight swaps when holding a position overnight.
Using the data from the table above, TU experts calculated the average Axi fee and then compared it with the average fee charged by popular brokers among traders. The comparative analysis is presented below.
| Broker | Average commission | Level |
|---|---|---|
|
$3 | |
|
$1 | |
|
$8.5 |
Account types
Real profit can only be earned on a trading account, and Axi offers three types right away. Each of them has unique conditions, with only the number of available trading instruments being the same.
Account Types:
The broker also provides MT4 demo accounts with a limited duration (30 days). If a trader has a user account, temporary limits are lifted.
Axi's account lineup is designed to meet the trading needs of traders with any level of experience. However, the broker currently does not offer cent accounts, which can be a disadvantage, especially for beginners.
Deposit and Withdrawal
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The list of supported payment methods varies depending on the client's country of residence. However, in all jurisdictions, withdrawal options include bank cards, international bank transfers, or cryptocurrency transactions;
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The minimum withdrawal amount ranges from $5 to $30, depending on the withdrawal method;
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Funds processing times are as follows. For cards, Skrill, and Neteller, it is instant; for bank accounts, it is within 3 days; for cryptocurrency wallets, it is within 15 minutes;
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There is no broker fee, but the trader may incur additional fees from the banks or payment providers;
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If the withdrawal currency does not match the account currency, conversion fees will result. The available withdrawal currencies depend on the payment system's conditions.
Investment Options
Axi offers standard ways to generate passive income on over-the-counter markets, such as copy trading and investing in managed accounts. These services operate on the MT4 platform and are not proprietary developments of Axi. The company merely registers managers, and it is not involved in the signal copying service, acting only as an intermediary and order processing party. Additionally, Axi clients can use partnership programs for additional earnings.
All passive income methods at Axi
If a trader wants someone else to make trades on their behalf, they can choose from the following options:
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Copy trading is automated trading based on signals from other traders directly in the MT4 platform;
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Algorithmic trading is trading using automated expert advisors (EA) programs;
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Investing in PAMM and MAM accounts allows experienced traders to execute trades on these accounts while engaging the capital of connected investors.
If a trader wants to earn additional income from their trading, they can register as account managers or signal providers, and both investors and traders may become managers of multiple accounts. Working in the PAMM system is not available to residents of Australia.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program of Axi:
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Axi affiliates – a multi-level referral program. Partners receive up to $1,000 for each referee who deposits a minimum of $250 into a user account and starts trading. The reward amount depends on the client's country and the assets traded by the referee. The sub-partner fee is 10%;
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Introducing Broker (IB) is a fee-based program that profits off the trades of referees. The fee rate depends on the type of account the referee trades: for Standard, it’s 0.35 pips per lot; for Pro, it’s $1.4 per lot.
The broker also invites traders willing to attract new investors to manage PAMM and MAM accounts. Moreover, managers themselves can earn through this program if they independently expand their network of investors.
Customer support
The chat schedule varies depending on the language of communication, but English language support is available 24/5 (UTC+0). You can reach out to Axi representatives via email or phone around the clock from Tuesday to Friday or starting at 9:00 on Mondays (AEST).
Advantages
- Chat support is available in 10 languages
- Toll-free phone numbers in 10 countries
Disadvantages
- No access to support 24/7
- Absence of a call back request form
Communication channels with Axi include:
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Chat;
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Email;
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Phone support;
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WhatsApp.
Upon entering the chat, a virtual assistant appears to provide information about trading and services.
Contacts
| Foundation date | 2007 |
|---|---|
| Registration address | Axi Ltd, Suite 305, Griffith Corporate Centre, PO Box 1510 Beachmont Kingstown, St. Vincent and the Grenadines |
| Regulation | ASIC, FCA, DFSA, The Financial Commission |
| Official site | axi.com |
| Contacts |
+61 2 9965 5830, +44 203 544 9646, 1300 888 936
|
Education
To assist in the initiation of trading, Axi has developed a series of educational courses focusing on Forex, gold, stocks, and cryptocurrencies. The company's website also features valuable articles, videos, dictionaries, and e-books on trading.
The broker offers a demo account, which can be opened in the MT4 trading platform by selecting the Demo option. Trading on a demo account provides a complete simulation of executing trades in the real market.
Comparison of Axi with other Brokers
| Axi | RoboForex | Exness | TeleTrade | FxPro | Pocket Option | |
| Trading platform |
Axi Mobile app, Mobile application, MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | Pocket Option, MT5, MT4 |
| Min deposit | No | $10 | $10 | $10 | $100 | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1 point | From 0.8 points | From 0 points | From 1.2 point |
| Level of margin call / stop out |
90% / 20% | 60% / 40% | No / 60% | 70% / 20% | 25% / 20% | 30% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Axi
Operating since 2007, Axi has evolved into an international holding firm with regional offices in Australia, Europe, Asia, South America, Africa, and the Middle East. Regulated activities and adherence to high brokerage service standards have made Axi a recognizable and popular brand. The company consistently enhances its services by investing in the implementation of modern technologies that accelerate the trading process and improve trading quality.
Axi by the numbers:
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60,000 active clients;
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8 physical offices worldwide;
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100+ supported countries.
Axi is a reliable broker engaged in regulated activities.
The company operates in strict compliance with the requirements of the licensing regulators. This includes the quality of services, the range of available products, and trading instruments. For instance, a company regulated by the UK's FCA does not offer cryptocurrency CFD trading and does not provide leverage exceeding 1:30. Axi registered in Australia is more lenient towards its professional clients, allowing leverage up to 1:400. However, retail traders are still limited to 1:30. Only the offshore division (Saint Vincent and the Grenadines) provides leverage up to 1:500 for all clients.
Traders from all jurisdictions can use desktop, mobile, and browser-based MT4 platforms for trading. However, clients residing outside the FCA and ASIC regulations also gain access to Axi's proprietary applications for Android and iOS smartphones and tablets.
Useful Functions of Axi:
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NOP (Net Open Position) calculator. It helps traders calculate the required margin size for positions opened with leverage;
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Trading calculators. Designed for real-time profit/loss, points, margin, and currency rate calculations;
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NexGen. Additional MT4 tools for professional trading, including market sentiment indicators, an economic calendar, and more;
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Autochartist. A program that analyzes chart patterns and provides price forecasts based on the collected data;
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VPS. An instrument to facilitate automated trading using MT4 advisors in continuous mode.
Advantages:
Wide range of supported payment systems;
Funds from another broker's account can be transferred to an Axi trading account;
Clients have access to services for generating passive income;
The broker maintains profiles on all popular social networks, where market data and important news for traders are regularly posted;
Axi does not have hidden fees;
Retail trader accounts are protected against a negative balance;
Axi clients gain access to services and products under the requirements of the regulator in its jurisdiction, enabling trading in over-the-counter instruments on legal grounds.
User Satisfaction i