A Complete Axi Review 2023

Axi Multi-Asset Review Introduction

Founded in 2007, the Axi Group is a global online multi-asset trading broker headquartered in Sydney, Australia. The Axi Group entities are individually licensed and regulated by the Australian Securities and Investment Commission (ASIC), the Dubai Financial Services Authority (DFSA), as well as the UK's Financial Conduct Authority (FCA), Axi is well-placed to provide reliable and honest brokerage services. Furthermore, Axi also provides trading services under the Financial Services Authority in the St. Vincent & the Grenadines (SVG), an unregulated entity.

Clients of Axi can access a variety of tradable instruments, including currency, indices, stocks, metals, and commodities. In certain jurisdictions, the broker also offers CFDs on cryptocurrencies*. In addition, Axi provides both the MetaTrader 4 (MT4) platform and the Axi Copy Trading App – provided in partnership with Pelican Exchange Ltd and London & Eastern LLP – allowing traders to track and copy other investors easily.

The minimum deposit for a Standard or Pro account at Axi starts from $0, while the Elite account – only available to professional clients – requires a minimum deposit of $25,000. Customers can also benefit from the 24/5 multilingual support available over live chat, email, and telephone.

When trading with Axi under their FCA entity, the leverage range is up to 1:30. Leverage options differ for Elite accounts which are available to professional clients only, and depending on the deposit method chosen there are no deposit fees for the first USD 50,000 per month. Axi also offers a free 30-day demo account to practice Forex, CFDs on shares, indices, commodities, precious metals, and oil trading.

*Note: Axi does not offer CFDs on cryptocurrencies to retail clients signed up with their FCA or ASIC entities.

Axi safety information

The Axi Group entities are regulated by several large and respected financial institutions, such as the Australian Securities and Investment Commission (ASIC), the Dubai Financial Services Authority (DFSA), and the UK's Financial Conduct Authority (FCA).

Traders have the option to trade under one regulatory entity which ensures that they will experience a safe and secure trading environment while benefiting from the latest technology, competitive prices, and professional customer service. For instance, a trader who signs up to trade under the UK entity will be entitled to trading conditions as set out by the Financial Conduct Authority. Alternatively, traders who sign up under the SVG entity, would not be afforded the same protections.

Additionally, Axi is a segregated broker, meaning that retail clients’ money is held in segregated accounts and never used for the broker's operations, protecting users' funds from default or bankruptcy. Only in specific cases - with some entities - do clients have their funds non-segregated.

Moreover, this multi-asset broker has also implemented KYC (Know Your Customer) policies and AML (Anti-Money Laundering) procedures to protect clients from fraud. In addition, excluding clients under the SVG entity, retail clients also have extra safety with negative balance protection, which provides that traders can never lose more capital than they have invested.

Axi Fees details

The overall fee structure of Axi is one of the lowest in the industry. The platform does not charge any fees on deposits if the amount is less than $50,000 per month. When this amount is exceeded, a 3% deposit fee applies.

Regarding withdrawals, traders can take out money from their accounts without paying any fees as long as the withdrawal amount is higher than $50. However, wire transfer and bank charges may apply, depending on the country of origin.

Moreover, Axi also levies an inactivity fee of $10 or the remaining balance if the client's account has been inactive for more than 12 months. The broker charges no other maintenance or hidden fees.

Regarding commission, Pro account holders pay $7 round trip (USD), while Elite account holders have a more attractive commission of only $3.50 round trip (USD) per trade.

Overall, Axi is highly competitive regarding fees and commissions. It makes them an attractive option for clients looking for a reliable broker with low fees.

Spreads fee details

The spreads at Axi vary depending on the type of account. Albeit very rarely, in certain cases, spreads for Standard accounts can start from 0.4 pips, while spreads for Pro and Elite accounts can start from 0.0 pips. The spreads are of floating type, meaning that traders can benefit from market volatility. However, just as traders can benefit, they can also face risks from market volatility.

Forex traders can take advantage of the tight spreads and the low minimum deposit required to trade confidently. In addition, the broker offers better technology than ECN brokers, making them an attractive option for scalpers and day traders.

Swap fee information

Axi also charges a swap fee when traders hold a position overnight. The swap fees depend on the currency pairs and can be seen in their trading platform. In addition, this multi-asset broker also offers swap-free trading accounts for clients who want to trade without incurring swap fees.

This makes Axi a great option for Muslim traders looking to trade without incurring swaps.

When traders opt for a swap-free account, they need to pay an account admin fee. However, swap-free is not available on all products, such as, for instance, in cryptocurrencies. In this case, traders holding swap-free accounts would receive swap charges.

Axi Deposit and withdrawal options

Axi offers numerous deposit and withdrawal methods including Credit/Debit Card, POLi, Bank Transfers, FasaPay, Neteller, Skrill, and cryptocurrencies. Available deposit and withdrawal methods depend on which jurisdiction a client trades under.

The minimum and maximum amount that a trader can deposit depends on the payment method, and more information on this can be found on the broker’s website. Most deposit processes are instant, while some options may take from a few hours to 1 to 3 business days.

Regarding withdrawals, it can take around 1 to 3 business days for the funds to appear in your account. The minimum withdrawal is $50, and the maximum depends on the payment method and account type. However, some methods, like Neteller and FasaPay, have a minimum withdrawal amount of USD 5, which is lower than the usual minimum.

All these payment options are highly secured with advanced encryption technology to ensure the safety of your funds. Overall, Axi offers a wide range of payment options ensuring traders can deposit and withdraw funds quickly and efficiently.

Traders can also contact the support team for more information. The customer care team is very knowledgeable and attentive, and available 24/5 to answer all your queries. They also offer live chat support for a convenient and efficient service.

Axi Available tradable markets

This multi-asset broker provides access to a wide range of markets, including Forex, CFDs on shares, indices, commodities, precious metals, oil trading, CFDs on cryptocurrencies*, and more. CFDs are contracts for difference that allow traders to speculate on the price movements of an underlying asset without having to physically own it.

Traders can also benefit from the Copy Trading feature offered by Axi. This allows them to copy the trades of different traders and customize their own portfolios. Let's look at all tradable markets available at Axi.

*Note: Axi does not offer CFDs on cryptocurrencies to retail clients signed up with their FCA or ASIC entities.

CFDs on Forex

Axi offers CFDs on more than 70+ currency pairs, including major, minor, and exotic currencies. All forex trading instruments are available on both the MT4 and Axi Copy Trading platforms. The spreads on major currency pairs start as low as 1.2 pips and are highly competitive compared to the industry average.

Some of the popular major pairs include EUR/USD, GBP/USD, USD/JPY, AUD/USD, and more. They also offer exotic currencies like MXN/USD, ZAR/JPY, NOK/SEK, and more. Furthermore, minor currencies are also available, like AUD/CAD, EUR/GBP, GBP/JPY, and more.

For clients under the FCA entity, the leverage available for forex trading ranges from 1:30 and can go up to 1:400 for professional clients, in addition, retail traders can also benefit from negative balance protection. Overall, forex trading at Axi is great for experienced traders.

CFDs on Shares

Axi provides access to 50+ CFDs on shares of some of the world’s largest companies, including Apple, Google, Microsoft, and more. All CFDs on shares are available on both MT4 and Axi Copy Trading platforms. Depending on the jurisdiction, traders can take advantage of leverage ranging from 1:5 up to 1:20, and get a price feed from multiple sources.

Moreover, for Standard accounts, the broker also offers commission-free share CFDs, which are highly competitive compared to the industry average. Further, retail clients signed up with regulated entities, can also benefit from negative balance protection.

CFDs on shares are a popular trading instrument, and Axi offers traders a great platform to trade these instruments. Traders can easily access the markets anytime, anywhere, from their desktop or mobile devices.

CFDs on precious metals

Axi offers CFDs on precious metals such as gold, silver, and copper. CFDs on precious metals allow traders to speculate on the price movements of gold, silver, and copper without having to own them. All metal CFDs are available on both MT4 and Axi Copy Trading platforms. Using MT4, traders can chart and analyze the markets, while Axi Copy Trading allows them to copy the trades of experienced traders.

The spreads are super competitive, while the leverage offered is 1:30 for retail clients under the FCA entity.

There are tens of thousands global clients who trusted the Axi Group with their trades. The broker offers ultra-fast execution speed and, for Standard accounts, it offers $0 commission for all metal CFDs trades. Using Expert Advisors, traders can automate their trading strategies for added convenience.

CFDs on oil

Axi offers CFDs on West Texas Intermediate Crude oil, Brent crude oil, Gasoil, and natural gas. All these instruments are available on MT4, and Autochartist, allowing traders to access the markets easily.

The leverage available on oil CFDs is 10:1 under their FCA entity and goes up to 1:100 for other jurisdictions, and traders can enjoy super competitive spreads with ultra-fast execution speed.

The margin requirement for trading CFDs on oil is as low as 2% depending on the Axi Group entity, and traders may benefit from it as a hedge against inflation. Oil trading is ideal for traders looking to diversify their portfolios and benefit from large price movements. However, traders should be aware that risks are also involved, especially when there is market volatility.

CFDs on cryptocurrencies

Axi is one of the trusted brokers that offer trading on the most popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. However, trading CFDs on cryptocurrencies is only available to clients under the SVG entity. All cryptocurrency CFDs are available 24/7 on MT4 and Axi Copy Trading platforms.

Traders have access to competitive spreads, no digital wallet required, and deep liquidity. Moreover, this broker offers leverage of up to 1:200.

Cryptocurrency trading is ideal for traders who want to speculate on the price movements of digital assets without having to own them. CFDs on cryptocurrencies let traders enjoy the same benefits of owning digital assets without associated risks, such as hacking attacks and theft. However, trading CFDs on cryptocurrencies does have its own risks, such as the price of the asset falling whilst speculating that it would rise in value.

Leverage details

The maximum leverage offered by Axi Broker depends on the entity that a client signs up for and the account type. For instance, when signing up under the FCA entity, the leverage for forex can go up to 1:30, for shares up to 1:5, for commodities up to 1:10, for bullion up to 1:20, and for indices, it's up to 1:20.

For example, if you are trading forex with a leverage of 1:30 and $350 in your account, you can open a position worth up to $10,500. This high leverage allows traders to take advantage of larger price movements with a smaller capital outlay.

However, while taking leveraged positions, it is essential to note that they have an inherent risk. High leverage can amplify profits and losses, so traders should always exercise caution when trading with leverage.

Negative Balance Protection (NBP)

Negative balance protection is a feature offered by Axi Broker to all retail clients of regulated entities. NBP prevents traders from incurring losses beyond their initial deposit. It means if the balance of an account goes into negative territory due to market movements, the broker will cover the loss up to their initial deposit amount.

This feature is available on Standard and Pro accounts. It is a great way to protect retail traders from unexpected market movements that could result in a significant loss. NBP is also an excellent way for traders to gain confidence when trading with Axi. It is important to note, NBP is not available to clients signed up to their SVG entity.

Axi Available trading platforms

MetaTrader 4

MT4 is one of the most popular trading platforms available on desktop and mobile devices. It offers a range of features like charting, automated trading, one-click trading, and more. Using MT4, traders can access the financial markets and make informed trading decisions.

Traders also have access to AutoChartist, MT4 VPS hosting, and Myfxbook AutoTrade. Additionally, MT4 is available on both iOS and Android devices for mobile trading and the web. Moreover, MT4 offers various charting tools and an array of technical indicators so that traders can analyze price movement patterns.

Axi Copy Trading app

Axi Copy Trading is an app-based platform that allows traders to copy the trades of experienced traders. It offers a range of features like copy trading, automated portfolio management, and more.

With Axi Copy Trading, traders can easily access the financial markets and make informed decisions. The app provides comprehensive analysis tools, advanced charting features, and more. They’ve developed their copy trading app in partnership with Pelican Exchange Ltd and London & Eastern LLP. With this copy trading app, it’s quick for traders to find and follow other investors.

Axi Trading Accounts

Axi multi-asset broker offers three trading accounts — Standard, Pro, and Elite.

Standard

When opening an account with their FCA entity, the Standard account offers spreads from 0.4 pips, no commission, and up to 1:30 leverage on all products. Traders have access to 140+ FX pairs and CFDs on both the MT4 and the Axi Copy Trading platforms. The minimum trade size is 0.01 lots, and the account can be opened in USD, EUR, GBP, CHF, HKD, JPY, NZD, AUD, and CAD.

Pro

The Pro account from Axi is for traders looking for tighter spreads and lower commissions. With this account, traders can enjoy spreads from 0.0 pips, a commission of $7 round trip (USD), up to 1:30 leverage on all products, and access to 140+ FX pairs, and CFDs. Similar to the Standard account, traders can open this account in USD, EUR, GBP, CHF, HKD, JPY, NZD, AUD, and CAD.

Elite

The Elite account from Axi is for experienced traders and is available to professional clients only. With this account, traders can enjoy spreads from 0.0 pips, a commission of $3.50 round trip (USD), up to 1:400 leverage on all products, and access to 140+ FX pairs, and CFDs. Traders can open their Elite account in USD, EUR, GBP, and AUD with a minimum deposit of USD 25,000.

Demo Account

The Islamic account option is available for all three account types, and traders can open a Swap-Free Islamic account to conduct their trading activities. In addition, the broker also offers a 30-day free demo account with $50,000 of virtual cash to help traders understand the market and work on their trading strategies before investing real money.

How to open an account?

1. Follow the below steps to open a trading account:
2. Go to the website and click on 'Open Account'.
3. Enter the details, including name, email, date of birth, and country of residence.
4. Select your trading account type.
5. Choose your deposit method and currency.
6. Click on 'Open Account.'

Customer support

This multi-asset online broker offers 24/5 multilingual customer support through live chat, email, and phone. The customer service team is highly professional and knowledgeable. They are always ready to help traders with any questions or queries. You can email them at service@axi.com or call on:

• Australia: 1300 888 936
• International: +61 2 9965 5830
• UK: +44 203 544 9646

Analysis and research tools

Forex economic calendar

The broker offers, through a third-party provider, a comprehensive economic calendar that can be used to keep track of upcoming events and their expected impact on the markets. The calendar is updated in real time, and traders can use it to stay informed about the latest news and announcements.

Upcoming exchange holidays

Axi has a list of upcoming exchange holidays that can be used to plan ahead for any potential disruptions in trading activities. This may help traders avoid any unexpected losses due to the closing of markets.

Futures CFD contract rollovers

The broker provides a date for the rollover of futures CFD contracts, which helps traders to adjust their portfolios accordingly. This information lets traders know ahead of time when the contracts will be rolled over and how much their positions may change.

Dividend forecast schedule

Axi provides a dividend forecast schedule that can be used to plan for any upcoming dividends. It helps traders to anticipate and adjust their strategies accordingly.

MT4 VPS hosting

Axi offers VPS (Virtual Private Server) hosting for those who want to run their MT4 terminals 24/7. This service allows traders to access their MT4 accounts from anywhere in the world without disruptions or latency issues. VPS is ideal for those who want to take advantage of automated trading or scalping strategies.

Signal providers

Axi also offers signal providers through its MQL4 marketplace. Traders can access a variety of signal strategies to help them make better trading decisions. With signals, traders can access the latest trends and news and other traders' strategies.

Myfxbook Autotrade

The broker also provides Myfxbook Autotrade, which is a copy trading service. Through the service, traders can automatically copy the trades of experienced traders and learn from their strategies.

MT4 NexGen

MT4 NexGen from Axi is an advanced trading platform that offers traders tools such as a market scanner, price alerts, and a powerful charting package. It also provides automated trading and back-testing services. MT4 NexGen offers features like advanced management tools, enhanced ordering, and sentiment trading.

Axi Broker Review in a Nutshell

Axi is a multi-asset online broker that offers competitive spreads, low commissions, and trading on over 140+ FX pairs and Metals CFDs. The broker provides various analysis and research tools, including an economic calendar, upcoming exchange holidays, futures CFD contract rollovers, dividend forecast schedules, and more.

With a deposit starting from $0, Axi is ideal for traders. The broker also offers a range of customer support options for a quick resolution. Overall, Axi is a reliable broker that offers a great choice of services.

FAQs

What is the minimum deposit?

Deposits start from $0 for Standard and Pro accounts, and USD 25,000 for Elite account.

What is the maximum leverage offered by them?

The maximum leverage offered is 1:30 for Standard and Pro accounts, and 1:400 for the Elite account. Under their SVG entity, the leverage offered is up to 1:500.

Does it offer a demo account?

Yes, Axi Broker offers a 30-day free demo account with $50,000 virtual cash.

How do I open an account with this broker?

You can open an account by filling out the online registration form on the broker's website.

What platform does the broker support?

Axi Broker supports MT4 and the Copy Trading app.

What are the spreads at this broker?

The spreads start from 0.0 pips for Pro and Elite accounts, and from 0.4 for the Standard account.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How to contact their customer support?

You can contact customer support by live chat, email, and call.

Is this broker regulated?

Yes, entities within the Axi Group are regulated by ASIC (Australia), DFSA (UAE), and FCA (UK). However their SVG entity is not regulated.

What are the deposit methods at Axi Broker?

The deposit methods at Axi Broker include wire transfers, credit/debit cards, wallets, and more.

What are the withdrawal methods available with this broker?

The withdrawal methods are similar to the deposit methods, including wire transfers, credit/debit cards, wallets, and more.

Do they offer educational content?

Yes, they offer a wide range of educational resources, such as market updates.

Can US residents open accounts at Axi Broker?

No, US residents cannot open accounts with this broker.

How can I change my password?

You can change your password by logging into your account and going to the "Profile" section. Then, click on the "Change Password" button.

What account types do they offer?

This multi-asset broker offers three accounts — Standard, Pro, and Elite.