Is Axi Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with Axi try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether Axi is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker 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.
| 💰 Account currency: |
Base currencies for all accounts: USD, GBP, EUR, NZD, AUD; Additional currencies for Standard and Pro accounts: CAD, SGD, JPY, CHF, HKD |
|---|---|
| 🚀 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) |
| 💱 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% |
Pros and cons of Axi
👍 Advantages of trading with Axi:
•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.
👎 Disadvantages of Axi:
•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.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
-
A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
-
In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
-
A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is Axi Regulated? Broker’s license
Security (Protection for Investors)
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
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by Axi, which you can see below.
Fee rates for trading the same instrument vary for different Axi clients. The broker employs two pricing models. The first is trading with higher spreads without a fee, applicable to Standard accounts. The second model involves charging a commission per lot with near-zero spreads, available on Pro and Elite accounts. Axi does not charge fees for deposits or withdrawals, but traders additionally cover payment system and bank fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Elite | From $0 | No |
| Pro | From $0 | No |
| Standard | From $9 | No |
Brokers that are similar to Axi
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of Axi conditions with its closest competitors.
Comparison of Axi with other Brokers
| Axi | RoboForex | Pocket Option | Exness | FBS | IC Markets | |
|---|---|---|---|---|---|---|
Trading platform |
Axi Mobile app, Mobile application, MT4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MobileTrading |
MT4, cTrader, MT5, TradingView |
Min deposit |
No |
$10 |
$5 |
$10 |
$1 |
$200 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
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 1.2 point |
From 1 point |
From 0.2 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
$5 |
No |
Cent accounts |
No |
Yes |
No |
No |
Yes |
No |
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.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.
Conclusions
Axi is a quite reliable broker for trading. Axi operates on the license of a reliable jurisdiction and its operation is regularly monitored. However, the company does not offer the best trading conditions compared to competitors. You can choose this broker and not worry about the safety of your funds, but there are better options in terms of trading conditions.
- Is SmartFX Regulated? Is it safe?
- Is FXChoice Regulated? Is it safe?
- Is WELTRADE Regulated? Is it safe?
- Is Capital.com Regulated? Is it safe?
- Is XTrend Speed Regulated? Is it safe?
- Is Fusion Markets Regulated? Is it safe?
- Is AximTrade Regulated? Is it safe?
- Is Tradeo Regulated? Is it safe?
- Is TigerWit Regulated? Is it safe?
- Is XM Group Regulated? Is it safe?
- Is Core Liquidity Markets Regulated? Is it safe?
- Is Thinkorswim by TD Ameritrade Regulated? Is it safe?
- Is Questrade Regulated? Is it safe?
- Is InstaForex Regulated? Is it safe?
- Is ADSS Regulated? Is it safe?
- Is 1Market Regulated? Is it safe?
- Is FXDD Regulated? Is it safe?
- Is TitanFX Regulated? Is it safe?
- Is iFOREX Regulated? Is it safe?
- Is PaxForex Regulated? Is it safe?
- Is Alvexo Regulated? Is it safe?
- Is TopstepTrader Regulated? Is it safe?
- Is Colmex Pro Regulated? Is it safe?
- Is Forex4you Regulated? Is it safe?
- Is Investmarkets Regulated? Is it safe?
- Is Orbex Regulated? Is it safe?
- Is Fidelity Regulated? Is it safe?
- Is Dukascopy Regulated? Is it safe?
- Is WForex Regulated? Is it safe?
- Is Gerchik&Co Regulated? Is it safe?
FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!