Let's start here
AxiTrader Limited (Axi) is the real deal, with over 220 trading options in forex, shares, indices, commodities, cryptocurrencies, and IPOs – they're all on the menu. Minimum deposits start at $0, the broker offers competitive spreads from 0.0 pips on major currencies on the Pro account, and here is the cool part: traders can use ECN execution for direct market orders. As for the platform, it's none other than the legendary MetaTrader 4 as well as Copy Trading App. With a touch of pride, they served hundreds of thousands of traders across 100 countries. Want to see if Axi's trading environment lives up to its claims? Time for some exploration!
Axi Information
Axi (formerly AxiTrader) was founded in 2007, and has since expanded its presence to include offices in other regions, including Latin America, Asia, and the Middle East. Axi welcomes all kinds of traders of all skill levels. If you're new to trading and want to start without too much capitalspending much, the $0 minimum deposit and user-friendly platform are great. Irrespective of a traders skill, there are many options to trade, good spreads, and lightning-fast execution. And for those inclined towards advanced features, Axi's ECN system and MetaTrader 4 platform are a notable combination.
In 2023, Axi also launched their innovative capital allocation program called Axi Select. Axi Select gives talented traders the opportunity to trade their way to the top and get funding of up to $1,000,000 USD and keep up to 90% of their profits.
Pros & Cons
Taking a look at Axi, we spot its share of upsides and downsides. Let's start with the bright side, it's got the backing of multiple solid financial authorities, numerous instruments you can trade, and they let you practice with a demo account. Plus, they've got the MT4 platform. They offer customer support in 13 languages, and deposits and withdrawals are seamless.
Is Axi Legit?
Considering the pivotal aspect for brokers, that is regulation, it's indeed comforting to note that AxiTrader is under the oversight of regulatory bodies from four distinct nations, including Australia, the United Kingdom, Cyprus, New Zealand, and UAE.
Advancing further, let's undertake a more detailed exploration of the regulatory licenses secured by Axi.
Axi's Australian entity, Axi FINANCIAL SERVICES PTY LTD, is regulated by Australia Securities & Investment Commission (ASIC) under regulatory license number 318232, holding a license for Market Making (MM).
Notably, this license's credibility gains support from WikiFX's investigators. They physically traveled to the institution's registered address for thorough verification. At Level 10, 90 Arthur Street, North Sydney, NSW 2060, Australia, they found a functioning office, confirming the broker's operational status and significant scale. Behold, an image capturing the tangible office space of this company.
In addition to being regulated by ASIC, this entity is also regulated by Financial Markets Authority (FMA) in New Zealand, with regulatory number 518226, holding a license for Straight Through processing (STP).
Now, let's examine the third license. Axi's UK branch, known as Axi Financial Services (UK) Limited, is overseen by Financial Conduct Authority (FCA) and has been granted regulatory license number 466201. This license permits them to engage in Market Making (MM) activities as well.
Axi also follows regulations from Dubai Financial Services Authority (DFSA) in the United Arab Emirates under regulatory number F003742, authorized for Retail Forex activities.
Solaris EMEA Limited is regulatd by Cyprus Securities and Exchange Commission (CySEC) with a Market Making (MM) license no 433/23.
Market Instruments
Axi gives you access to 220+ trading choices across 6 categories: forex, shares, indices, commodities, cryptocurrencies, and IPOs.
Account Types/Fees
Axi offers three account types tailored to different trading needs, namely Standard, Pro, and Elite. You can find detailed account features in the table below:
Demo Trading
Also, Axitrader gives users free demo accounts that last for 30 days and include $50,000 in virtual funds. Demo accounts offered by Axitrader shine in these areas:
- Practice Trading: You get $50,000 in virtual money to practice trading however you like.
- Personal Support: You'll have a dedicated Account Manager and support available 24/5 to help you.
- Real-Time Info: You can see live spreads on the popular trading platform, MT4.
- Live-Like Demo: The MetaTrader 4 Demo account mimics the real market, so you can practice effectively.
- Switch to Real: When you're ready, you can turn your demo account into a real one by funding it.
- Currency Options: You can choose your account's base currency from options like AUD, EUR, GBP, USD, CHF, and PLNX.
However, base currency cannot be changed once created.
Besides, they also offer special Islamic trading accounts for Muslim traders that follow Shariah law.
Leverage
The leverage offered by AxiTrader is capped at 500:1. This means that traders can open positions with a much larger amount than their initial investment.
However, high leverage can also lead to significant losses if the trade does not go as expected. Traders should exercise caution and use proper risk management strategies when trading with high leverage. Axi provides educational resources and tools to help traders understand the risks associated with leverage and how to manage them effectively.
Trading Platforms
Axi offers traders the popular MetaTrader 4 (MT4), which is a widely used platform that offers a wide range of charting and technical analysis tools, customizable indicators, and the ability to use automated trading strategies through Expert Advisors (EAs). The MT4 platform is available for download on PC and Mac computers, as well as on mobile devices for both iOS and Android.
Additionally, Axi offers the MT4 WebTrader, which allows traders to access the platform directly from their web browser without the need for any downloads or installations.
Axi Trading Platform and Copy Trading App are also available.
Trading Tools
There are a range of trading tools designed to enhance the trading experience for its clients. These include Myfxbook Autotrade, which allows traders to follow and copy the trades of experienced traders, MT4 signals which provide real-time trade ideas and analysis, MT4 VPS hosting which offers a dedicated virtual private server to ensure optimal performance and minimal downtime.
Additionally, the broker offers a suite of calculators to help traders with their risk management and trade analysis, such as Profit/Loss Calculator, Pip calculator, and Currency converter. These trading tools can be very helpful for traders to better understand their trades and manage their risk effectively.
Deposit & Withdrawal
Axi stands out from other brokers as they don't require any money to start trading. Here's why it matters:
- Access: With no minimum deposit, anyone who passed onboarding journey can join and trade. Traders require a low minimum deposit upfront.
- Risk: Starting with a low minimum deposit, you can manage your risk tolerance based on whats best for you.
- No minimum deposit: Traders have the flexibility to deposit an amount they are comfortable with.
- No Pressure: You don't feel pushed to deposit a certain amount. It's more relaxed and trader-friendly.
- Learn and Experiment: You can try different strategies and learn without needing a big investment upfront.
Axi welcomes traders to fund their accounts through the following payment methods: Credit/Debit cards, and Bank Transfers, Skrill, Neteller, Fasapay, Cryptos, with no fees charged by Axi for any payment method. However, traders should be aware that some international banking institutions may charge fees for transfers, for which Axi accepts no responsibility.
Please also note that payments to Axi via credit/debit cards may be viewed as a cash advance by some banks, potentially incurring additional fees. Deposits made via credit/debit cards and POLi are processed instantly, while bank transfer deposits and withdrawals can take 1-3 business days to be processed.
Remember, these fees can change and might be different based on how you're making the payment. To stay updated, it's a smart move to reach out to the broker and get the most recent fee details before you decide to deposit or withdraw any funds.
Education
Axi makes learning easy with a variety of educational resources. If you're using the MT4 platform, their step-by-step video tutorials are there to guide you. They also offer Free eBooks, covering everything from basics to advanced topics. Stay updated on market trends through the Axi Blog, which features expert insights and daily analysis. For structured learning, the Axi Academy provides courses on forex, technical analysis, and risk management. If you're diving into cryptocurrencies, the Crypto Glossary will help you grasp the terms.
Customer Support
Axi's customer service is comprehensive and available 24/5 in multiple languages, with live chat, phone, email, WhatsApp, and a help center. This means that clients can easily get in touch with the Axi support team whenever they need assistance or have any questions. The availability of multiple communication channels ensures that clients can choose the most convenient way to contact support.
Additionally, the Help Center offers a range of resources and frequently asked questions that can help clients find answers to their questions quickly and efficiently.
Conclusion
All things considered, Axi is a well-regulated and reputable broker that offers 220+ instruments for trading, including forex, shares, indices, commodities, cryptocurrencies, and IPOs. They also offer multiple account options, free demo accounts, and leverage up to 500:1. In addition, their MT4 trading platform is robust and feature-rich, with various tools and resources to support traders.
Overall, Axi is a good choice for experienced traders who are looking for a diverse range of trading opportunities and who prioritize a broker's reputation and regulation.
Frequently Asked Questions (FAQs)
Is Axi regulated?
Yes. Axi is regulated by ASIC (Australia), FCA (UK), CySEC (Cyprus), FMA (New Zealand), and DFSA (UAE).
Does Axi offer demo accounts?
Yes.
Does Axi offer the industry-standard MT4 & MT5?
Yes. Axi supports Copy Trading App, MT4, and MT4 WebTrader.
Risk Warning
CFDs carry a high risk of investment loss, this content is for informational purposes only and should not be construed as investment advice.
2024 SkyLine Thailand
FX1991099924
Morocco
This is the third time I withdraw from this account, but they always send the amount less than the amount that is deducted from the trading account
Exposure
03-12
小兔乖乖
Australia
Last Wednesday, January 15th in the afternoon, my GBP/USD position with Axi was not closed at the stop-loss point and instead experienced slippage of over 40 pips, closing at the day's lowest point for GBP/USD. This led to significant losses. Has anyone else had a similar experience? Axi has refused to compensate. What should I do?
Exposure
01-26
Nem Produtor
Brazil
My name is Leandro Gonçalves. I opened an account with this broker and participated in the Axi Select program. I deposited $2,400 USD and have been profitable in the program since then. On 11/29/2024, my entire deposit disappeared from the account. I received 8 notifications in my email that 8 withdrawals were made in less than 5 minutes, leaving a balance of $15.00 USD. I immediately contacted support to report the incident, and after waiting for 14 days, today I received an email from them stating that it is not their responsibility that my money disappeared from the account. How does my money disappear from the account without my authorization? How can someone make 8 withdrawals without any confirmation? They made up a bunch of stories, only I and the broker have my data. I don't store my password anywhere, I don't leave any sessions open anywhere. The times I accessed the client portal were through my completely secure computer, with the original system and all the security of entering my credentials. Finally, I have accounts with balances in 3 brokers and my money is exactly safe there. And don't come up with the story that my email was hacked because no one hacked my email and even if they did, there is nothing relevant there that would compromise any relevant data. Who guarantees me that it wasn't Axi itself, since no confirmation was requested. Without confirmation from the client's side, anyone can withdraw money from anyone's account, this is extremely serious. Who guarantees me that an employee in possession of my data did not withdraw my money, since there is no minimum security confirmation such as SMS, 2-factor... Do not deposit money and do not trust this broker, it is a fraudulent company. Return my money.
Exposure
2024-12-12
Nicolas Navarro
Argentina
Most users and analysts speak favorably of AXI, highlighting its solid regulation, competitive spreads, and robust platform.
Positive
In a week
Teoraz
United States
but they provide stability and reliability in trading. To me, that is the most important thing in the long run.
Positive
05-25
MaxTargi
Germany
Ive been trading here for a few months — things are generally fine. Withdrawals go through without issues, and support replies when needed. Took me a bit to get used to the platform, but now it feels pretty straightforward.
Positive
05-09
Aluke876
Singapore
Axi is definitely the most reliable broker I've ever used. Spreads are crazy tight, and you get your money very fast. Plus, their MT4 platform runs like butter—orders are always executed at the ideal price. Seriously, I never had a single issue with them.
Positive
2024-07-23
Elizabeth Hughes
United States
Nice mt4 performance, really! Axi's mt4 is amazing, so smooth! I never met any delays or slippages.
Positive
2024-05-16
bobo1
Australia
Terrible experience. My initial requests for withdrawal seemed to fall on deaf ears, despite reaching out multiple times via their support and emails. I struggled with the lack of progress and even asking my account manager yielded no results. In my experience, having the balance between efficient customer care services and platform usability is what sets brokers apart. Sadly, Axi has been a disappointment on these fronts. Before you consider partnering with them, it's wise to think over the potential hiccups you might face, especially when trying to retrieve your profits.
Neutral
2024-04-19
Mtm918
United Arab Emirates
They do not give approval for the withdrawal and do not give me my money. Very bad customer service. They do not help the customer and do not solve the problem. For more than two months, I have been trying to withdraw and every time they ask for something else and there is no solution.
Exposure
2024-02-26
Mtm918
United Arab Emirates
Very bad service and unable to withdraw. I did everything required to create a bank account and they still did not respond. I sent it by email more than once. Customer service is not professional in solving problems and conversations and does not want to help as if they know the problems with withdrawals. This indicates a lack of honesty in dealing. Unfortunately, I now know that my money is missing.
Exposure
2024-02-19
John5344
Germany
I learned everything I needed to know about forex trading at Axi. They have educational resources that will help you understand the market. Just a little improvement to be perfect!
Positive
2023-12-28
Nimo7748
Germany
Axi provides a great trading experience with extremely fast order execution and low spreads. I like the speed of executing trades, which allows me to respond quickly to market changes. Additionally, the platform provides access to a variety of financial instruments, providing flexibility in my trading strategy. With friendly and informative customer support, Axi is an excellent choice for traders looking for quality and speed in trading.
Positive
2023-12-27
Tong3151
Montenegro
Axi Select is a great prop trading platform, bringing many advantages to traders. The comprehensive training process helped me clearly understand prop trading and trading strategies. They have a strong support community and cutting edge tools, creating ideal conditions for trading success. Axi Select's risk management policies are extremely strict, ensuring a balanced and responsible approach to prop trading.
Positive
2023-12-25
CookMiller
Malaysia
23 May, 2023- equipped with my Axi account ID 551368x , I was ready to delve into the action. Market observance over the years had shown me that the EUR/USD pair usually offered some promising opportunities on such days. So, I set my focus on it. My day went something like this: buy, sell, rinse and repeat -- all within seconds. And let me tell you, during these nail-biting moments, Axi was showing up, doing brilliantly. One aspect that particularly deserves the spotlight is the execution speed -Such speed, I must emphasize, is the backbone of successful scalping. It's pure gold for a scalper like me. In addition, my entire trading session went by without an iota of latency or slippage. To a scalper, even milliseconds matter, and Axi's flawlessness in this aspect let me maximize every micro opportunity that the tightly-bound price ticks offered.
Positive
2023-10-10
Septian Putra
Indonesia
Their execution speed? Astoundingly fast - trades go through before you can even blink, it's game changing efficiency. The precisions they offer in this chaotic and rapid-paced trading world is commendable.
Positive
2023-10-10
Nathan Turner
United States
I've been trading with AxiTrader for almost a year now and I have to say, this period, has been largely positive. Their transaction fees are quite reasonable, and what impresses me the most are the tight spreads they offer. This has proven to be a boon especially with my scalping strategy, which relies heavily on low spread costs. The highest leverage I've used so far with Axi is 100:1 and even with that, my trading experience has been stable and seamless. However, one area they could improve is the speed of withdrawal. The process is certainly reliable, but I wish it were quicker.
Positive
2023-10-09
Jonathan Lewis
Nigeria
Yes, I've found the customizable charting tools very useful for my swing trading strategy. The fees are transparent and competitive which is a huge tick for me. Even though they offer leverage up to 500:1, I have always found a stability with my standard use of 50:1. The spreads on major pairs like EUR/USD are really great but they could do with tightening the spreads on some of the more exotic pairs.
Neutral
2023-10-09
Timothy 677
Cambodia
Well, trades have been fine, but withdrawals can be irksome. The process is lengthy, taking nearly a week. I hope they rectify this soon, for a better user experience.🙂
Positive
2023-10-09
clear
United Arab Emirates
I'm having a hard time pulling out my profits, it's been a continuous back-and-forth for weeks now. They keep on asking for different documents and suggesting I try withdrawing via desktop instead of mobile. It's feeling like a run around and quite frustrating. Feb 25, 2023 - totally Stars I've been with Axi, for a few months and to date, everything had been going smoothly. Their trading costs and performance measure well, earning them a spot among the top-ranking brokers. They don't just have ASIC certification, but they're also licensed by the UK's FCA, so that definitely provides a sense of safety. What caught my eye was their support for cryptocurrency transactions, both deposit and withdrawal. However, I haven't tried this feature yet. When I had initially started out, profits could only be pulled out via bank transfer and not through crypto, so I just went ahead with the traditional method.
Positive
2023-10-08
Mayaz Ahmad
Bangladesh
A client has complained that they intentionally freeze trading platform so that clients are unable to manage trade during spikes. They also make trades go against clients after they start earning profits.
Exposure
2023-06-14
FX3503964263
Mexico
I deposited $200 and operated several transaction. Then the page showed the website was unavailable.
Exposure
2023-06-14
FX2681578713
Philippines
This woman chatted with me on WhatsApp and she told me that she could take me to make money. My 800 USD was deposited into the account, but now I cannot access the account, and she no longer responds to any messages from me. Damn
Exposure
2023-06-14