Axi Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed Axi fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of 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% |
Axi Commissions and Fees
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 |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Axi Minimum deposit
Guide on how traders can start earning profits
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.
Brokers similar to Axi
When analyzing Axi, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of Axi and other brokers.
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, Mobile Trading |
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 | RoboForex | Pocket Option | Exness | FBS | IC Markets | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
No |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
No |
|
Options |
No |
No |
No |
No |
No |
No |
Could I recommend Axi to a beginner trader?
Analysis of Axi shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
What fees may be charged on ECN accounts?
As a rule, the fees are minimal on ECN accounts, with the spread rarely above 0.1 pips. Commission per lot may be charged.
Can the level of fees differ for cent and standard accounts?
Yes. On cent accounts, the fees are generally lower than on standard accounts.
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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.
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.