Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Axi Pros & Cons
- 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 platform.
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.
TU Expert Verdict
Axi demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Axi User Reviews
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5-star
9%
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4-star
25%
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3-star
38%
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2-star
13%
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1-star
15%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of Axi have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Axi with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Axi’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Axi Standard spreads Axi OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 1.3 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Axi RAW/ECN spreads Axi OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Axi. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Axi Non-Trading Fees Axi OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 10 0 15 -
Is Axi Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10Axi has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 19 years
- Strict requirements and extensive documentation to open an account
Axi Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1
VFSC Full Name Vanuatu Financial Services Commission Country of regulation Vanuatu Investor Protection Fund No specific fund Regulation Level Tier-3 ASIC
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1
DFSA Full Name Dubai Financial Services Authority Country of regulation Dubai Investor Protection Fund No specific fund Regulation Level Tier-2 FMA NZ
Full Name Financial Markets Authority of New Zealand Country of regulation New Zealand Investor Protection Fund No specific fund Regulation Level Tier-2 SVG FSA
Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 Axi Security Factors Foundation date 2007 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.7 /10Axi offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Demo account
- Swap Free (Islamic) account
- Micro lots are not available
- No Cent account
Axi account types vs top competitors Axi Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoAxi accounts trading conditions
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:
Account Type Description Elite accounts with the lowest fees suitable for professional traders with a substantial capital reserve. The initial deposit amount is $25,000, and this balance size must be maintained continuously. Spreads on Elite accounts start from 0 pips, and the trading fee is $3.5 for opening and closing a trade; Pro accounts also designed for professional trading with very narrow spreads. A fee of $7 per lot is charged. Trading can be started with any amount; Standard accounts for beginners and more experienced traders who prefer trading with commissions in the form of spreads. The spread size depends on the asset and market situation, but the minimum value is 0.9 pips. The broker does not charge other transaction fees and does not require a specific initial deposit. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology8.7 /10Axi received a High score for the efficiency and convenience of its deposit and withdrawal processes.
Axi excels by providing a broad selection of payment methods, ensuring minimal costs and a seamless experience for users seeking efficient fund management.
- Supports 5+ base account currencies
- Bitcoin (BTC) accepted
- PayPal supported
- Bank wire transfers available
- Wise not supported
- BTC not available as a base account currency
What are Axi deposit and withdrawal options?
Axi stands out with an excellent selection of deposit and withdrawal methods, a variety of base currencies, and zero broker fees, making it an excellent choice for traders seeking low costs and maximum flexibility. Available methods include Bank Card, Bank Wire, PayPal, Skrill, Neteller, BTC, USDT, Ethereum.
Axi Deposit and Withdrawal Methods vs Competitors Axi Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal YesYesNoWise NoNoNoBTC YesNoNoWhat are Axi base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Axi supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, SGD, HKD, PLN.
What are Axi's minimum deposit and withdrawal amounts?
The minimum deposit on Axi is $0, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Axi’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.8 /10Axi offers a limited selection of trading assets compared to the market average. The platform supports 280 assets in total, including 70 Forex pairs.
- Copy trading platform
- Crypto trading
- Indices trading
- Futures not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Axi with its competitors, making it easier for you to find the perfect fit.
Axi Plus500 Trading.com Currency pairs 70 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 280 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products Axi offers for beginner traders and investors who prefer not to engage in active trading.
Axi Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Axi by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with Axi in 30 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Axi is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Fully online account opening process
- Registration process may take longer than expected
Axi account opening Axi Plus500 Trading.com Online Registration YesYesYesMinimum deposit $0 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 30 20 KYC time (days) 1 3 2 Is Axi available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Choose one of the accounts available in your country and confirm its opening.
- After completing the verification process, fund your trading account.
Additionally, you'll be able to perform several other actions, namely:
- Transfer funds between your accounts;
- Request a withdrawal of profits earned from trading;
- Switch to WebTrader and download the desktop/mobile platform;
- Connect to receive market news and analytics, as well as access to Autochartist;
- Request technical support via chat or by creating a support ticket.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria6.3 /10Axi received a score of 6.3/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- MetaTrader is available
- Free VPS for uninterrupted trading
- Trading bots (EAs) allowed
- One-click trading
- No TradingView integration
- No access to cTrader and its advanced tools.
- No access to API
Supported trading platforms
Axi supports the following trading platforms: MT4, MT5, WebTrader. This selection covers the basic needs of most retail traders. We also compared Axi’s platform availability with that of top competitors to assess its relative market position.
Axi Plus500 Trading.com MT4 YesNoNoMT5 YesNoYescTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Axi’s trading platform features
We also evaluated whether Axi offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts NoTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 30 Tradable assets 280 Additional trading tools
Axi offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Axi trading tools vs competitors Axi Plus500 Trading.com Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoYesAPI NoNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7 /10Axi supports mobile trading, offering dedicated apps for both iOS and Android. Axi received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience.
- Mobile alerts supported
- Supports mobile 2FA
- Indicators supported
- Weak user feedback on Android
- Weak user feedback on iOS
We compared Axi with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Axi Plus500 Trading.com Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 100,000 10,000,000 50,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 3.0 4.7 4.8 Google Play score 3.0 4.4 4.7 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at Axi by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.2 /10Customer support at Axi is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Axi provides basic support functionality but does not stand out in overall service performance.
InformationThe 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).
- Chat support is available in 10 languages
- Toll-free phone numbers in 10 countries
- No access to support 24/7
- Absence of a call back request form
Communication channels with Axi include:
- Chat;
- Email;
- Phone support;
- 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, FMA, DFSA, FCA, VFSC Official site axi.com Contacts service@axi.com +61 2 9965 5830, +44 203 544 9646, 1300 888 936
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FAQs
What commissions and fees does Axi charge for forex trading?
Axi’s overall fee level is rated as medium, with a fees score of 7/10. Standard accounts have trading costs built into floating spreads, with typical EUR/USD spreads between 0.5–1.3 pips and GBP/USD between 0.5–1.5 pips, while RAW/ECN accounts use market-based spreads (e.g., average 0.1 pips on EUR/USD) plus a $3.5 commission per lot. Non-trading fees include no deposit or withdrawal fees, but there is a $10 per month inactivity fee.
What types of trading accounts does Axi offer and how do they differ?
Axi offers several account types, including Standard, Pro, Elite, Swap Free, VIP, and Demo accounts, but does not provide Cent or Micro accounts. The Elite account requires a $25,000 minimum balance with spreads from 0 pips and a $3.5 fee per round trade, the Pro account has narrow spreads with a $7 per lot fee and no set minimum deposit, and the Standard account uses spreads starting from 0.9 pips with no extra transaction fees or required initial deposit. The review notes that the lack of cent accounts may be a disadvantage for some beginners.
What do user reviews say about Axi overall?
Axi has a user satisfaction score of 5.9/10 based on 122 reviews, with a rating distribution showing 10% 5-star, 22% 4-star, 39% 3-star, 14% 2-star, and 16% 1-star feedback. According to user reviews, the overall impression is mixed rather than clearly positive or negative.
How are Axi’s trading platforms and tools rated in user feedback?
Axi’s trading platforms and tools receive a safety score of 6.3/10, indicating an average offering. The broker supports MT4, MT5, and WebTrader, allows trading bots (EAs), scalping, and one-click trading, and provides 2FA, a free VPS, and Autochartist, but does not offer API access, TradingView integration, or a strategy (EA) builder. The review suggests that while core functionality is covered, some advanced features and platform diversity may be limited.
What feedback do traders give about Axi’s mobile trading apps?
Axi’s mobile trading offering is rated 7/10, with dedicated apps for both iOS and Android and support for mobile 2FA, indicators, and trading alerts. The apps have around 100,000 total downloads and average scores of 3.0 on both the App Store and Google Play, and the review notes that user feedback on both platforms is relatively weak.
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