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.
TU Expert Verdict
Axi is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
Axi User Reviews
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5-star
10%
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4-star
23%
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3-star
39%
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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
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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
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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.
- Low minimum deposit
- Demo account
- Swap Free (Islamic) account
- No Cent account
- Micro lots are not available
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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.
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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 /10 -
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 /10
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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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