Item: Axi
Rating: 7.43
Author: Oleg Tkachenko

6.91/10

Overall Score

Minimum deposit $0
EUR/USD spread 0.1
Supported assets 280
Regulation ASIC, FCA UK, DFSA, VFSC

141*

users picked this broker in 3 months

Check out the Best Forex brokers of United States

Axi isn't available in

Brief Look at Axi

Axi is a regulated Forex and CFD broker licensed by ASIC, FCA, and DFSA, known for its strong reliability and client-focused trading environment. It offers two main account types: Standard (with no commissions and competitive spreads) and Pro (with raw spreads and low commissions starting at $3.50 per lot). The broker supports leading trading platforms like MetaTrader 4 and MetaTrader 5 and does not impose a minimum deposit requirement, making it suitable for both beginner and professional traders.

Competitive spreads and low commissions, especially on the Pro account
Regulated by ASIC, FCA, and DFSA, ensuring high security and trust
Fast execution ideal for scalpers and active traders
Supports MetaTrader 4 and MetaTrader 5 platforms
No minimum deposit requirement
Free access to advanced trading tools like PsyQuation and Autochartist

Limited range of non-Forex instruments compared to multi-asset brokers
Educational resources could be more extensive for beginners

Why trust us

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.

Excellent

Axi Key Parameters Evaluation

6.91/10

Axi Summary

9.2

User reviews and loyalty

Commissions and fees

Regulation and safety

8.9

Deposit and withdrawal

7.12

Trading account opening

7.75

Markets and products

6.3

Trading platforms and tools

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.

Top Forex brokers vs Axi

	Axi	FBS	FxPro
TU overall score	6.91	8.21	8.48
Max. Regulation Level Tier-1 regulation represents the most stringent oversight by top financial authorities, ensuring the highest level of security and compliance. Tier-2 and Tier-3 regulations indicate moderate to lower levels of oversight, with varying degrees of investor protection.	Tier-1	Tier-1	Tier-1
ECN Spread EUR/USD	0.1	0.1	0.2
ECN Commission	3.5	3	3
Withdrawal fee, %	No	No	No

User reviews and loyalty

User reviews and loyalty:

9.2/10

Axi is highly regarded by clients, consistently receiving strong ratings and positive feedback on independent review platforms. Examining real user experiences provides deeper insights into the broker’s actual performance beyond its marketed advantages. The following sections break down key insights from user reviews and evaluate customer sentiment and loyalty based on verified Trustpilot data.

What are Axi reviews?

User Reviews Score:

4.4/5

According to Trustpilot data, users have left over 3,825 reviews about the company. The overall Trustpilot rating for Axi is 4.4.

Note:

Our score may slightly differ from Trustpilot as we use a different scoring methodology. Our User Reviews Score methodology is superior to a simple average calculation as it takes into account not just ratings but also the volume of reviews, their representativeness, and the proportion of negative ones. It mitigates distortions from limited data, encourages companies to collect more high-quality feedback, and minimizes the impact of outlier negative reviews.

4.4/5

rate of 3825 reviews

5-star 74%

4-star 11%

3-star 3%

2-star 2%

1-star 10%

Customer loyalty and perception of CMC Markets

Customer Loyalty Index:

4.8/5

Axi’s trust and satisfaction index is based on the balance of positive and negative user reviews, with a strong majority expressing favorable experiences. Built on data from Trustpilot, a globally recognized platform for consumer feedback, this index provides valuable insight into how the brand is perceived by its customers. A high ratio of positive reviews signals strong loyalty, while a prevalence of negative feedback highlights areas for improvement in the customer experience.

How does Axi show up in online feedback?

The majority of reviews for Axi are positive, with minimal negative feedback having little impact on the company's overall reputation.

Does Axi respond to reviews?

Yes, Axi encourages clients to leave feedback on its services, with a total of 98% responses to negative reviews. Engaging with reviews, especially negative ones, is essential as it demonstrates the company's commitment to addressing customer concerns, improving service, and building trust. Responding to feedback shows that the company values transparency and actively works to enhance client satisfaction.

Why do customers appreciate Axi?

Over 85% users have shared their positive experiences, highlighting what they appreciate about Axi.
Top 5 common reasons why people are satisfied with companies in the financial sector based on reviews:

Responsive Customer Support	Quick and helpful responses that resolve issues efficiently.
Transparent Fee Structure	Clear communication about fees and charges, with no hidden costs.
Strong Security Measures	Robust protection and encryption measures, ensuring user data and funds are secure.
Fast and Smooth Withdrawals	Efficient processing of withdrawals, allowing easy access to funds.
Reliable Platform Performance	Consistent uptime and a user-friendly interface with minimal technical issues.

Commissions and Fees

Score:

7/10

The trading and non-trading commissions of broker Axi have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, RoboForex and XM Group, to provide the most comprehensive information.

Tight EUR/USD market spread
No deposit fee
No withdrawal fee

Above-average Forex trading fees
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	RoboForex	XM Group
EUR/USD min, pips	0,5	0.5	0.7
EUR/USD max, pips	1.3	2.0	1.2
GPB/USD min, pips	0.5	0.5	0.6
GPB/USD max, pips	1.5	1.5	1.2

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	RoboForex	XM Group
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	2	3.5
EUR/USD avg spread	0.1	0.2	0.2
GBP/USD avg spread	0.2	0.4	0.2

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	RoboForex	XM Group
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	0-4	0
Withdrawal fee, USD, % The indicated amount does not include possible fees from payment systems and banks.	0	0-1.3	0
Inactivity fee ($, per month)	10	0	10

Regulation and Safety

Score:

10/10

Axi has a safety score of 9.8/10, which corresponds to a High 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 18 years

Strict requirements and extensive documentation to open an account

Axi Regulators and Investor Protection
Abbreviation	Full Name	Country	Investor Protection Fund	Regulation Level
FCA UK	Financial Conduct Authority	United Kingdom	Up to £85,000	Tier-1
ASIC	Australian Securities and Investments Commission	Australia	No specific fund but has stringent consumer protection	Tier-1
DFSA	Dubai Financial Services Authority	Dubai	No specific fund	Tier-2

Other Axi Security Factors
Foundation date	2007
Negative balance protection
Verification (KYC)

Deposit and Withdrawal

Score:

8.9/10

Axi 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
Bank card deposits and withdrawals
Bitcoin (BTC) accepted
Minimum deposit below industry average

Wise not supported
PayPal not supported

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, Skrill, Neteller, BTC, USDT, Ethereum.

Axi Deposit and Withdrawal Methods vs Competitors
	Axi	RoboForex	XM Group
Bank wire
Bank card
PayPal
Wise
BTC

What are Axi base account currencies? Base account currencies are the primary currencies in which trading accounts are denominated. They determine the currency used for deposits, withdrawals, and calculating account balances.Using a base currency that matches a trader's local currency can help avoid unnecessary conversion fees.

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Axi supports the following base account currencies:

USD

EUR

GBP

JPY

AUD

CAD

CHF

NZD

BTC

SGD

NKD

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.

Trading Account Opening

Score:

7.12/10

Axi isn't available in

* Location-based content display

We successfully registered an account with Axi, which took 30 minutes. The minimum deposit amount at Axi is $0.

No minimum deposit
Fast KYC (1 working day)

You may be asked to provide extra documents

Axi Account Opening Documents and Options
Minimum deposit	$0
Is it fully online?
Registration time	30 minutes
KYC time	1 working day
Account currencies	USD EUR GBP JPY AUD CAD CHF NZD BTC SGD NKD
Funding options	Bank card, Bank Wire, BTC (except UK and EU), M-Pesa

Required documents

Identity verification documents: A copy of a passport, national ID card, or driver's license.

Proof of address: A bank statement, utility bill (gas, water, heating, electricity), tax document, confirmation from a lawyer, or any other government-issued document.

Additional requirement (if applicable): A selfie holding both documents.

Axi verification

Account types

Axi offers a wide range of account types, including Standard, ECN and Swap-Free accounts. However, it does not provide Cent or Managed accounts, which may limit options for beginners or passive investors.

Axi accounts
Standard A general trading account suitable for most traders, offering access to a variety of markets with standard spreads and conditions.
ECN Provides direct market access with raw spreads and low latency execution. Typically requires a commission per trade instead of a spread markup. Suitable for high-frequency and professional traders.
Swap Free Designed for traders who follow Islamic finance principles, eliminating overnight interest (swap) charges.
Micro Allows trading with micro-lots (0.01 lot = 1,000 units), reducing capital requirements and risk. Ideal for beginners and strategy testing. Availability and conditions vary by broker.
Cent Operates with cent-denominated balances (1 USD = 100 cents), allowing trades with micro-lot sizes (0.01 lot = 1,000 units). Suitable for beginners and low-risk strategies.
Demo Enables risk-free trading with virtual funds. Conditions may vary by broker.
VIP Offers premium services, lower fees, and dedicated support. Requirements vary by broker.
Managed A professional handles trading on behalf of the investor. Risks and fees depend on the provider.

How to open Axi account

Click Open Account on the homepage.

Provide your basic information, including your country of residence, email address, phone number, and name.

Axi registration form

Complete the online form by filling out your personal and economic profile, as well as your trading experience.

Pass the financial literacy test, retaking it as needed until you achieve a passing result.

Other account opening details

Important Information:

Document submission: Axi does not accept scanned or digital copies of documents. Only photographs of the documents are allowed.

Additional requirements: The broker may request other documents as needed. The full list depends on the country of residence and the type of document being uploaded.

Document requirements:

The image must be in color (black-and-white images are not accepted).

The full name, citizenship, date of birth, and photograph must be clearly visible.

Your full name (not abbreviated), citizenship, date of birth, and photograph must be shown.

All four corners of the document must be visible.

Markets and Products

Score:

7.75/10

Axi offers a limited selection of trading assets compared to the market average. The platform supports 280 assets in total, including 70 Forex pairs.

70 supported currency pairs
Copy trading platform
Indices trading

Limited asset selection
Bonds not available

Axi 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	RoboForex	XM Group
Currency pairs	70	40	57
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 imposed on CFDs.	280	12000	1400
Stocks
Commodity futures
Crypto 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.
Stock indices
Options

Investment 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	RoboForex	XM Group
Bonds
ETFs
Copy trading
PAMM investing
Managed accounts

Trading Platforms and Tools

Score:

6.3/10

Axi offers access to leading trading platforms, ensuring a familiar and flexible trading experience for its clients. Supported platforms include MetaTrader 4 and MetaTrader 5.

MT4 and MT5
Real-time trading alerts

No proprietary platform
No TradingView support

Key Information about Axi’s trading platform
Alerts
2FA
EAs
Indicators	40+

Axi MetaTrader 4 (MT4)

MetaTrader 4 (MT4) is a globally recognized trading platform valued for its ease of use, speed, and stability. Developed by MetaQuotes, MT4 is tailored for Forex and CFD trading, offering a comprehensive suite of tools for technical analysis, manual trading, and automated strategies through Expert Advisors (EAs).

The platform features 9 timeframes, over 30 built-in technical indicators, and 3 chart types, making it a solid choice for both novice and experienced traders. MT4 includes one-click trading, customizable layouts, and a reliable execution system. It also supports 4 types of pending orders and allows for position hedging.

Key Features:

User-Friendly Interface – Simple, efficient layout for easy navigation and trading.

Expert Advisors (EAs) – Automate strategies using MQL4 programming.

Real-Time Market Quotes – Seamless data for precise market pricing.

Mobile and Web Access – Trade anywhere via iOS, Android, or browser-based WebTrader.

MT4 at Axi is available as a desktop application (Windows, macOS), a mobile app (iOS, Android), and a WebTrader version. Thanks to its robust functionality, low system requirements, and broad broker support, MT4 remains the preferred platform for many Axi traders.

Additional trading tools

Axi offers a range of advanced trading tools designed to enhance the overall trading experience. These features support automation, provide real-time market insights, and improve execution efficiency. Traders can benefit from built-in and third-party solutions such as Expert Advisors (EAs), one-click trading, and customizable alerts.

Axi trading tools vs competitors
	Axi	Eightcap	FxPro
Trading bots (EAs)
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.
API An Application Programming Interface (API) allows traders to connect their trading accounts to custom applications, algorithms, or third-party software. This flexibility enables advanced trading strategies and automated trading solutions tailored to individual needs.
Free VPS A Virtual Private Server (VPS) provides a dedicated and reliable server environment for running trading platforms and EAs without downtime. Free VPS ensures that trading operations continue uninterrupted, even when the trader's personal device is off.
Signals (alerts) Trading signals or alerts are notifications that provide buy or sell recommendations based on market analysis. These signals help traders make timely decisions by highlighting potential trading opportunities.
One-click trading One-click trading simplifies the trading process by allowing traders to open or close positions with a single click. This feature is particularly useful for scalpers and day traders who need to act quickly in fast-moving markets.
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without needing to write code. This empowers traders to customize their trading approaches and backtest them for effectiveness.
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key levels. It provides traders with real-time alerts and actionable insights, helping to improve trading accuracy and efficiency.
TradingView

TU Expert Advice: Is Axi Worth the Try?

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.

Trade with this broker, if:

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.

Do not trade with this broker, if:

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.

Video Review of Axi

FAQs

How much do you need to start trading with Axi?

Axi offers flexible entry into trading with a minimum deposit of $0. While there’s no mandatory deposit amount, traders must fund their accounts sufficiently to meet margin requirements and manage risk effectively. Read more about Axi’s account funding options in our article.

Is Axi a regulated broker or a scam?

Axi is a regulated broker, not a scam. It is licensed by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and other regulatory authorities, ensuring compliance with strict international standards. Read more about Axi’s regulation.

What is the spread for EUR/USD at Axi?

Axi offers tight spreads starting from 0.0 pips on Pro accounts, with a low commission of $3 per lot. Standard accounts feature spreads from approximately 1.0 pip with no added commission. Actual spreads may fluctuate depending on market conditions.

What are Axi deposit and withdrawal options?

Axi supports several convenient funding methods, including:

Bank cards (Visa, Mastercard)

International bank transfers

E-wallets (Neteller, Skrill)

Local payment solutions (depending on region)

Cryptocurrency (BTC, USDT in supported areas)

Most deposits are fee-free and processed quickly, though processing times may vary by method.

Where is Axi available?

Axi serves clients from over 100 countries across Europe, Asia, Africa, and Latin America. However, services are not available to residents of the USA, Canada, or some restricted jurisdictions. Visit Axi’s official site for the full list of supported regions.

How many Forex pairs and trading instruments does Axi offer?

Axi provides access to 70+ Forex currency pairs, along with a broad range of CFDs on indices, commodities, cryptocurrencies, shares, and precious metals — totaling over 280 tradable assets.

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Latest Axi News

Axi trader secures $1 million in funding through Axi Select program

Axi, a globally recognized provider of online trading services, has announced that trader Francisco Quesada Godines has reached a significant milestone

Andrey Mastykin

20.02.2025

Axi offers 100% trading bonus and cashback program

05.02.2025
Axi reveals annual achievements of Axi Select program

17.10.2024
Axi expands operations with new office in Bangalore

24.09.2024

Team that worked on the article

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Learn about our editorial policies

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

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