Axi Review
Overall, Axi can be summarised as a trustworthy Forex Broker with a robust regulatory framework and a highly competitive starting spread. Axi offers access to premium-level trading facilities catering diverse clientele base and has a trust score of 92 out of 99.
🔎 Broker | 🥇 Axi |
💴 Minimum Deposit | 0 USD |
💵 Inactivity Fee | ✅Yes |
💝 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
🖱️ Trading Platforms | MetaTrader 4 |
🚀 Open an Account | 👉 Click Here |
Overview
AxiTrader, or Axi has gained global recognition as a trusted online trading service provider, emphasizing forex and Contracts for Difference (CFDs).
A key factor that sets the company apart is its robust regulatory framework, overseen by respected authorities such as ASIC, FCA, and FMA. Axi’s dedication to maintaining operational honesty while safeguarding traders’ assets is evident by ensuring compliance at multiple levels.
Detailed Summary
🔎 Broker | 🥇 Axi |
📈 Established Year | 2007 |
📉 Regulation and Licenses | ASIC, SVG FSA, FCA, FMA, DFSA, FRSA |
5️⃣ Ease of Use Rating | 5/5 |
🎁 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
🖱️ Trading Platforms | MetaTrader 4 |
💻 Account Types | Standard, Pro, Elite |
🪙 Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
📊 Spreads | From 0.0 pips |
💹 Leverage | Up to 1:500 |
💴 Currency Pairs | 70; minor, major, and exotic pairs |
💵 Minimum Deposit | 0 USD |
💶 Inactivity Fee | ✅Yes |
⏩ Website Languages | English, Thai, Chinese, Spanish, French, Indonesian, Italian, Portuguese, Japanese, Arabic, Vietnamese |
💷 Fees and Commissions | Spreads from 0.0 pips, commissions from $7 per round turn |
🤝 Affiliate Program | ✅Yes |
❌ Banned Countries | United States, Canada, Iran |
🅰️ Scalping | ✅Yes |
🅱️ Hedging | ✅Yes |
📐 Trading Instruments | Forex, share CFDs, indices, commodities, oil, precious metals, crypto CFDs, CFDs, IPOs |
🚀 Open an Account | 👉 Click Here |
Safety and Security
The segregation of customer funds represents an indispensable aspect of Axi’s overall safety plan, whereby client money is stored in distinct accounts completely isolated from the company’s finances.
Furthermore, being a member of the Compensation Fund ensures that Axi takes additional measures to safeguard its customers. In the rare financial instability event, eligible clients can receive compensation, which helps alleviate concerns and acts as an extra layer of protection.
Axi implements two-factor authentication (2FA) during login procedures to obstruct unsanctioned access to customers’ trading accounts and offer added security measures against potential hacking.
Account Types
🔎 Account Types | 🥇 Standard Account | 🥈 Pro Account | 🥉 Elite Account |
✔️ Availability | All | All | All |
📈 Markets | All | All | All |
📉 Commissions | None. Only the spread is charged | From $7 per round trip | From $7 per round trip |
📊 Platforms | MetaTrader 4 | MetaTrader 4 | MetaTrader 4 |
💹 Trade Size | From 0.01 lots | From 0.01 lots | From 0.01 lots |
💱 Leverage | 1:500 | 1:500 | 1:500 |
💶 Minimum Deposit | 0 USD | 0 USD | 25,000 USD |
🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Standard Account
Traders of varying levels can access the Axi Standard Account, which has no minimum deposit requirement. With spreads that begin at 0.4 pips and zero transaction fees, traders have affordable entry into all markets on the MT4 platform.
Pro Account
The Axi Pro Account caters to proficient traders knowledgeable of intricate financial market nuances. It guarantees narrow spreads commencing at 0.0 pips and a competitive fee of $7 for every round turn made.
The account does not mandate minimum deposit requirements, enabling trading methods that utilize sophisticated tools like AutoChartist, PsyQuation, and MT4 NexGen.
Elite Account
The Elite Account offered by Axi is designed for discerning traders willing to deposit a minimum of $25,000. With the lowest fees in tow, this account starts with spreads as low as 0.0 pips and has round turn cost pegged at $7, similar to Pro Accounts.
Demo Account
Axi’s Demo Account is an educational resource that offers a simulated trading experience for 30 days. With virtual funds of up to $50,000, traders can experiment with different strategies and familiarize themselves with the MT4 platform without taking financial risks.
Islamic Account
Axi’s Islamic Account conforms to Shariah law, providing a trading platform free from swaps. This account specifically caters to Muslim traders who prefer adhering to the financial standards of their religion.
The absence of interest charges on overnight holdings respects Riba’s prohibition against usury, and its compliance with other Shariah rules makes it ideal for such investors.
How To Open an Account
- Visit the Axi website and the “Open Live Account” or “Getting Started” page.
- Complete the first application form
- Determine your desired account type.
- Before submitting your application, carefully read and accept the Terms and Conditions.
- After completing the first form, you will be asked to provide papers to prove your identification.
- Ensure that the documents are readable, valid, and correspond to the information you gave in the application.
- Once your account has been validated, you may deposit money to begin trading.
Trading Platforms and Software
Traders can benefit from Axi’s provision of the widely-used MetaTrader 4 (MT4) platform, recognized for its trustworthy functionality and broad features. MT4 boasts superb charting abilities, technical indicators, and automatic trading capabilities through Expert Advisors (EAs).
Which Markets Can You Trade?
The following trading instruments and products are on offer:
- 70 currency pairings
- 100+ CFDs
- 31 indices
- 16 commodities
- 4 separate oil markets
- 7 precious metals
- 35 cryptocurrencies
Axi provides a compelling opportunity for traders to participate in the dynamic world of initial public offers (IPOs) by selling stock CFDs on freshly listed firms on the stock exchange.
Deposit and Withdrawal
🔎 Payment Method | 🌎 Continent/Region | 🪙 Currencies Accepted | ⏰ Processing Time |
💴 Visa/Mastercard | All | CAD, CHF, EUR, GBP, HKD, SGD, USD, ZAR, AED, PLN, | Instant |
💵 Bank Transfer | Africa | CAD, CHF, EUR, GBP, HKD, SGD, USD | 1 day – 3 days |
💰 Local Bank Transfer | All | ZAR, NGN, CNY, IDR, KRW, MYR, PHP, THB, VND, HKD | Instant – 3 days |
💶 Local Mobile Money | Africa | GHS, KES, TZS, UGX, XOF | Instant – 3 days |
💷 Skrill | All | EUR, GBP, USD, AED, CAD, INR | Instant |
💴 Neteller | All | EUR, GBP, USD, CAD, PLN | Instant |
💵 AstroPay | Africa, Asia, Latin America | USD | Instant |
💰 Cryptocurrency | Africa | BTC, ETH, LTC, XRP, XLM, USDT (TRC20), USDT (ERC20) | 15 minutes |
💶 FasaPay | Asia | IDR, USD | Instant |
💷 Prezelewy24 | Europe | PLN | Instant – 3 days |
💴 PIX | Latin America | BRL | Instant – 3 days |
💵 TED | Latin America | BRL | 1 hour |
💰 Boleto | Latin America | BRL | 24 hours |
Here is an overview of how to deposit to Axi via the most popular Deposit Option:
Credit or Debit Card
Log onto your Axi account, go to the “Funds” section, select “Deposit Funds” and then “Credit/Debit Card.” Enter the deposit amount, credit card details, and verification information. Verify all information and authorize the payment. Funds should be immediately credited to your trading account.
Here is an overview of how to make a Withdrawal from Axi via the most popular Withdrawal Option:
Bank Wire
Log onto your Axi account, go to the “Funds” section, select “Withdraw Funds,” and then “Bank Wire Transfer.” Enter your withdrawal amount and select the receiving currency. Make sure your bank information is valid and up to date.
Submit a withdrawal request. Axi will execute your request and deposit the cash into your bank account.
Educational Resources
Axi offers the following educational resources:
- Video Courses
- eBooks
- Blog
- Axi Academy
Various tools and materials are provided to traders to help them make educated trading choices.
Pros and Cons
✅ Pros | ❌ Cons |
Axi is regulated by top-tier agencies | Only MetaTrader 4 is available |
Axi provides standard, professional, and advanced accounts | Axi does not have a proprietary trading platform |
Axi supports the use of MetaTrader 4 across devices | Crypto withdrawals are not available |
Users can trade forex and CFDs on equities, indices, commodities, and Crypto | Axi restricts customers from the United States and other regions |
Broker | Review | Regulators | Min Deposit | Website | |
---|---|---|---|---|---|
🥇 | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker | |
🥈 | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker | |
🥉 | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker | |
4 | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker | |
5 | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker | |
6 | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker | |
7 | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker | |
8 | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker | |
9 | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker | |
10 | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
In Conclusion
Axi stands out as a powerful forex and CFD broker that serves a diverse range of traders, from beginners to seasoned pros.
Withdrawal periods at Axi might vary, but the broker usually processes withdrawals within 1 to 3 business days. The precise time depends on the withdrawal method used and the regulations of the receiving bank or payment agency.
Yes, you can start with a Standard account at Axi and upgrade to a Pro account later if your trading requirements alter.
Axi Select goes the extra mile in supporting its members’ growth as traders. The platform offers exclusive educational resources, including webinars and tutorials conducted by industry experts. This commitment to education not only enriches my trading knowledge but also enhances my overall trading performance.
Good day Max
We are so pleased to hear such a positive review!!
We know that the trading world can be daunting. however we are glad to hear our educational recourses are assisting and making trading easy
One of the key advantages of Axi is its competitive pricing structure. With low spreads and transparent fees, traders can execute transactions without worrying about hidden costs. Another benefit is the advanced charting software integrated into the platform, providing technical analysis tools essential for successful trading. Furthermore, Axi’s commitment to security ensures that traders’ funds and personal data are protected. For those seeking affordability, functionality, and security, Axi is a compelling choice.
Hi Portu,
We appreciate you taking the time to consider Axi and their offerings. Your review will be valuable to new traders seeking a smooth entry into the market!
The detailed historical data available on Axi is very useful for backtesting my trading strategies. Access to extensive data helps me refine my approach and develop more effective trading plans.
Good day Jesus,
We agree with your review! That’s fantastic to hear! Axi providing such detailed historical data is a valuable asset for any trader. Backtesting is a crucial step in developing and refining strategies, and having extensive data allows you to truly test your approach across different market conditions. Having this data improves trading plans.
Axi’s customer service is easily accessible through multiple channels, including live chat, email, and phone. The availability of support in different languages is also a significant advantage.
Thanks for highlighting the accessibility of Axi’s customer service! We agree on the fact that they offer multilingual support is a major plus for a global audience.
Axi’s platform is easy to use, and the range of trading instruments is excellent. I did experience some issues with the initial account verification process, but once that was sorted, my trading experience has been very positive.
Good day Nick,
Glad to hear things are on track! Thanks for the review.
I appreciate the regular updates and communication from Axi’s support team. They keep me informed about platform updates, new features, and market insights.
The 10% profit sharing in Axi Select’s Seed stage for August is an exciting opportunity for traders. It allows early financial gains and motivates traders to perform their best. Axi’s initiative is a game-changer in the trading industry.
Thank you for sharing your experience with Axi’s platform. We are glad to hear they are meeting your trading needs.