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Axi Review

Edited by: Louis Schoeman

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 Deposit0 USD
💵 Inactivity Fee✅Yes
💝 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4
🚀 Open an Account
👉 Click Here

Review

 

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.

Overview

 

Detailed Summary

🔎 Broker🥇 Axi
📈 Established Year2007
📉 Regulation and LicensesASIC, SVG FSA, FCA, FMA, DFSA, FRSA
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4
💻 Account TypesStandard, Pro, Elite
🪙 Base CurrenciesAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
📊 SpreadsFrom 0.0 pips
💹 LeverageUp to 1:500
💴 Currency Pairs70; minor, major, and exotic pairs
💵 Minimum Deposit0 USD
💶 Inactivity Fee✅Yes
⏩ Website LanguagesEnglish, Thai, Chinese, Spanish, French, Indonesian, Italian, Portuguese, Japanese, Arabic, Vietnamese
💷 Fees and CommissionsSpreads from 0.0 pips, commissions from $7 per round turn
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States, Canada, Iran
🅰️ Scalping✅Yes
🅱️ Hedging✅Yes
📐 Trading InstrumentsForex, share CFDs, indices, commodities, oil, precious metals, crypto CFDs, CFDs, IPOs
🚀 Open an Account
👉 Click Here

Detailed Summary

 

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.

Safety and Security

 

Account Types

🔎 Account Types🥇 Standard Account🥈 Pro Account🥉 Elite Account
✔️ AvailabilityAllAllAll
📈 MarketsAllAllAll
📉 CommissionsNone. Only the spread is chargedFrom $7 per round tripFrom $7 per round trip
📊 PlatformsMetaTrader 4MetaTrader 4MetaTrader 4
💹 Trade SizeFrom 0.01 lotsFrom 0.01 lotsFrom 0.01 lots
💱 Leverage1:5001:5001:500
💶 Minimum Deposit0 USD0 USD25,000 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.

Account Types

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.

Account Types

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.

Account Types

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.

Demo Account

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.

Islamic Account

 

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.

How To Open an Account

 

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).

Trading Platforms and Software

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.

Which Markets Can You Trade with Axi

 

Deposit and Withdrawal

🔎 Payment Method🌎 Continent/Region🪙 Currencies Accepted⏰ Processing Time
💴 Visa/MastercardAllCAD, CHF, EUR, GBP, HKD, SGD, USD, ZAR, AED, PLN,Instant
💵 Bank TransferAfricaCAD, CHF, EUR, GBP, HKD, SGD, USD1 day – 3 days
💰 Local Bank TransferAllZAR, NGN, CNY, IDR, KRW, MYR, PHP, THB, VND, HKDInstant – 3 days
💶 Local Mobile MoneyAfricaGHS, KES, TZS, UGX, XOFInstant – 3 days
💷 SkrillAllEUR, GBP, USD, AED, CAD, INRInstant
💴 NetellerAllEUR, GBP, USD, CAD, PLNInstant
💵 AstroPayAfrica, Asia, Latin AmericaUSDInstant
💰 CryptocurrencyAfricaBTC, ETH, LTC, XRP, XLM, USDT (TRC20), USDT (ERC20)15 minutes
💶 FasaPayAsiaIDR, USDInstant
💷 Prezelewy24EuropePLNInstant – 3 days
💴 PIXLatin AmericaBRLInstant – 3 days
💵 TEDLatin AmericaBRL1 hour
💰 BoletoLatin AmericaBRL24 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.

Deposits

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.

Withdrawal

 

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.

Educational Resources

 

Pros and Cons

✅ Pros❌ Cons
Axi is regulated by top-tier agenciesOnly MetaTrader 4 is available
Axi provides standard, professional, and advanced accountsAxi does not have a proprietary trading platform
Axi supports the use of MetaTrader 4 across devicesCrypto withdrawals are not available
Users can trade forex and CFDs on equities, indices, commodities, and CryptoAxi restricts customers from the United States and other regions
BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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.

Faq

Yes, Axi offers swap-free accounts for traders that seek accounts that adhere to Islamic financial norms.

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.

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Max
Max
16 days ago

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.

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