Axi (AxiTrader) Review

Axi is now an international holding company with offices in Australia, Europe, Asia, South America, Africa, and the Middle East. More than 60,000 traders worldwide prefer Axi because it offers trading opportunities with very little deposit required. Axi also provides useful tools like copy trading and Autochartist. We reviewed Axi to see if it lives up to its claims. Let’s find out if it’s a good choice for you or if it’s a scam.

🏢 Headquarters Australia
📅 Year founded 2007
🗺️ Regulation ASIC, FCA, DFSA
💻 Trading platform: MT4 desktop, MT4 mobile app, MT4 WebTrader, Axi Mobile app
💰 Account currency: Base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
📊 Accounts: Demo MT4, Standard, Pro, Elite, and Islamic
💵 Withdrawal: 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
☪️ Islamic account (swap free) Yes
🎮 Demo Account Yes (30-day trial)
💱 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
📋 Orders execution: Market execution
☎ Customer Support 24/7
📚 Education Yes

What is AxiTrader?

AxiTrader is a trading company that started in Sydney in 2007. It expanded to the UK in 2012 and China in 2015. By 2016, AxiTrader had reached over €100 billion in monthly volume, mostly from its original markets as well as Germany, Latin America, and the Middle East. In the same year, AxiTrader received a significant investment from the Australian-local private equity firm RGT.

The company offers access to more than 80 Forex and CFD instruments. Apart from currencies, traders can access indices, metals, and Crypto (Bitcoin at the time of the review). Traders can use MetaQuotes Metatrader 4 (also available for Mac) and MT4 Nexgen to access the markets, with the latter available for Pro account clients.

Pros and Cons

Pros Cons
It follows strict regulations from FCA, ASIC, and DFSA. Spreads on the Forex market aren’t very tight.
You don’t need a specific initial deposit for Standard and Pro accounts. Demo accounts are only available for 30 days if you don’t have a user account.
Fast execution speed and price aggregation from over 20 liquidity providers. The broker doesn’t offer more advanced platforms like MT5 and cTrader; only MT4 is available.
Access to VPS, Autochartist, and extra tools for MT4.
The minimum trade size is 0.01 lots.
There are no fees for deposits and withdrawals.

Regulation and Security

It’s important to trade with a broker that’s regulated to avoid fraud and misconduct. We suggest traders check if a broker is regulated and confirm it by verifying their license with the regulator’s database. Axi offers one regulated entity.

Although Axi has three regulated subsidiaries, most international traders will use the unregulated unit in St. Vincent and the Grenadines. However, because Axi has a great reputation, this isn’t seen as a problem. Axi is a member of the Hong Kong-based Financial Commission, which has a €20,000 compensation fund. Additionally, there’s a $1,000,000 client money insurance policy in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions.

All Axi subsidiaries provide negative balance protection and keep client deposits separate from corporate funds. Axi meets all regulatory requirements. We highly recommend Axi, especially the unit in St. Vincent and the Grenadines, because of this.

Spreads & Commission

Axi offers spreads that are similar to those on other sites. For instance, the average spread for EUR/USD with a standard account is 1.3 pips (0.2 pips with a pro account). The average spread for GBP/USD is 1.5 pips (0.6 pips with a pro account), and for AUD/USD, it is 1.4 pips (0.5 pips with a pro account).

If you open a standard account with Axi, there’s no commission. However, spreads for standard account holders start at 0.4 pips. In contrast, the pro account charges a $7 USD round trip commission but offers spreads starting from 0.0 pips.

The most cost-effective option for a customer usually depends on their trading volume and the assets they want to trade. In general, the fees are competitive.

Axi Leverage

With Axi, we found that we could get leverage up to 1:400, which is pretty high. Some other platforms also offer this level of leverage, and some even offer up to 1:500. European traders might have their leverage limited to 1:30 (1:2 for crypto) to follow ESMA’s rules. You can adjust leverage levels according to what you prefer.

Deposit and Withdrawal

At Axi, you won’t be charged any fees for depositing or withdrawing money. You can deposit money using your bank card, through bank transfer, or via e-wallets. However, there are some limits on withdrawing money if you use bank cards.

If you deposit funds in the same currency as your bank account or trade in the same currency as your trading account’s base currency, you won’t have to pay any conversion fees. To avoid currency conversion fees, you can open a multi-currency bank account with a digital bank.

These banks offer accounts in different currencies with good exchange rates, and they often provide free or low-cost international bank transfers. It’s easy to open an account with them using your phone, and it only takes a few minutes.

But, if your monthly deposits using methods other than bank transfer (like Neteller or credit card) exceed $50,000, Axi may charge a 3% fee.

Aside from bank transfers, you can use credit or debit cards, broker-to-broker transfers, various electronic wallets, and even cryptocurrencies to deposit money into your Axi account.

Axi doesn’t charge any withdrawal fees and provides multiple withdrawal methods. However, if you withdraw less than $50, you will be charged a $25 administration fee (unless you’re withdrawing your entire account balance). We tried withdrawing money via bank transfer, and it took 2 business days.

Trading Platforms

Axi offers traders the MT4 trading platform, which comes with the Autochartist plugin for free. I appreciate that Axi includes Autochartist, a tool that can help beginner traders. MT4 is the most popular platform for automated trading and it’s very flexible. You can use it on your computer, through a web browser, or on your phone. Axi also gives traders the MT4 MAM module for managing their accounts.

Account Types

Axi offers three different types of accounts: Standard, Pro, and Elite. The main difference between these accounts is how fees are structured.

With a Standard account, the spreads start at 0.4 pips, and there’s no commission charged on trades.

In contrast, Pro account spreads start at 0.0 pips, but there’s a $7 USD commission charged on each trade.

For professional clients with Elite accounts, they enjoy low spreads starting at 0.0 pips and pay a commission of $3.5 USD round trip.

There’s no minimum deposit requirement for Standard or Pro accounts, but to open an Elite account, clients need to deposit at least $25,000. Additionally, Elite accounts can only be opened in EUR, USD, GBP, and AUD.

Research and Education

At Axi, you’ll find a lot of helpful stuff for learning about trading and staying updated on the markets.

Autochartist gives most of the research information on Axi. But there’s also a weekly market review on the Axi blog. It’s well written and has charts to help you understand trading ideas easily.

The Axi blog also has really good educational articles. We suggest traders at any level check them out. There’s a lot of interesting stuff there.

You can get five eBooks for free, but Axi asks for your name, country, phone number, and email. You need to give this info when you open account, but it’s no big deal for new clients.

There are eleven courses in the video library, with lots of lessons in each. The videos are short and good for beginners. They’re a good place to start, and you can look up more information online later.

Overall, we think the education part of Axi is really good. It covers a lot, and the quality is high.

Customer Support

Axi provides customer support 24/7 through email, live chat, or eleven toll-free numbers. However, we couldn’t find a section with frequently asked questions (FAQs). Axi explains its products and services well, so most traders shouldn’t need help. But if there’s an emergency, it’s easy to reach Axi’s customer support.

Our experience with AxiTrader’s customer service was good. We usually connected in under a minute, and the account managers were professional. They could quickly answer both simple and more complex questions. We’re impressed with the quality of support and encourage our visitors to share their feedback to help others get a better idea of what to expect.


In conclusion, Axi (formerly AxiTrader) is a reliable brokerage with lots of experience and holds three licenses in different places. We like that their swap rates are fair and don’t have extra fees like many other brokers. They offer 75 currency pairs, which makes them great for forex traders, especially beginners who can use their educational portal. With Axi, withdrawing money is easy, and they offer a useful plugin called Autochartist for the MT4 trading platform. Overall, Axi is one of the best forex brokers out there right now.


Is Axi a good broker?

Yes, Axi is a good broker for forex traders. It offers a well-regulated, trustworthy, and competitive trading environment. Some industry publications rank it among the top 10 forex brokers by trading volume.

Is Axi regulated?

Yes, Axi is regulated. It holds licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.

Is Axi good for beginners?

Yes, Axi is good for beginners. It offers a well-rounded educational program, making it a good choice for beginner traders. The third-party PsyQuation trading analytics platform also provides an excellent tool to help traders improve.

Is Axi a Market Maker?

No, Axi isn’t a market maker.

How to start your Axi account?

Our detailed guide on How to Open AxiTrader Account.

What is the Axi minimum deposit?

There is no minimum deposit at Axi. Requirements are based on payment processors.