Online Trading

Axi Review

4.1/5

Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Founded by traders and with them in mind, this market-maker offers an array of tools and financial instruments that benefit any market strategy, and it doesn’t distract customers with a confusing jumble of account types or unnecessary frills.

This also extends to fees and spreads, with no fees on money transfers, and spreads across all Axi account types representing some of the most competitive in the industry. For their part, its clients are just as satisfied with the more simple and transparent trading environment. People of any experience level can appreciate an accessible customer support team, a plethora of tradable assets, deep leverage options and the ability to plug in some useful third-party trading applications.

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Axi Pros & Cons
Pros
  • Lowest starting spreads for all account types
  • Strict compliance with regulations in the UK, Australia, and Dubai
  • Simple, yet reliable trading on MT4 platform
  • Great customer support and trustworthy service provider
Cons
  • Limited selection of CFDs excludes shares, options
  • Some advertised features only accessible via plugin
  • MT4 only, no MT5 or proprietary trading platform
Who Is Axi Recommended For?

The first criteria that prospective Axi customers need to consider is their location, as Axi primarily operates in the UK and Australia due to the licensing it’s received from ASIC and the FCA. These traders are protected with the countries’ strict rules and guidelines and should look to join Axi if they want to use the most established platforms like MT4, trade on margin, and prefer a low-spread model that only charges commission on its upper-tier account.

Top Axi Features

Free VPS:
Virtual Private Servers are valued by Axi members who deploy algorithms, or more specifically automated algorithmic trading strategies. The complimentary VPS offered by Axi is hosted in a private high-speed data center for the fastest latency (and therefore execution) possible.

Lowest Spreads:
Axi has won awards over the course of its history in recognition of its extremely competitive spreads. Though they vary by instrument and account type, even on the Standard account average spreads are around 1.2, and this goes down to an average of 0.1 for Pro account members.

MT4 NexGen:
Axi offers the newest version of the popular MetaQuotes 4 (MT4) software and accompanying utilities that go above and beyond the old platform. Traders with more than $1,000 in their accounts can access NextGen and deploy tools like an advanced Sentiment Indicator, Correlation Trader, and Automatic Trade Journal.

Spread Betting Account:
For UK users, Axi offers the MT4 tax-free Spread Betting account. You can also apply leverage on spread bets and try out this type of account in a demo version to test its features first.

Support Channels:
It’s easy to get ahold of an Axi representative or your dedicated Account Manager, with 24/5 phone lines and offices around the world. Axi representatives speak 6 languages, and you’ll be automatically assigned someone who speaks your language when you have a question or inquiry.

Education Resources: For traders looking to improve their skills, Axi provides free access to education resources such as PsyQuation, the most advanced analytics platform to analyse your trading behavior and Knightsbridge Trading Academy courses. The courses are led by CISI accredited tutors and are available for every level of trader.

Axi Overview
  • Regulation & Licensing Financial Conduct Authority (FCA) UK Australian Securities and Investments Commission (ASIC) New Zealand Dubai Financial Services Authority (DFSA)
  • Accepted Jurisdictions 150 countries
  • Assets Offered Currencies Commodities Indices Cryptocurrencies Metals
  • Platforms Available Platforms Available MT4 (Desktop, Web, Mobile)
  • Mobile Compatibility Mobile: iOS, Android Desktop: Mac, PC
  • Payment Types Accepted Credit/Debit Card Bank Transfer Skrill Neteller
Axi Compliance & Regulation

There are few brokers regulated in both the UK and Australia, both of which represent some of the more demanding compliance jurisdictions in the world, but Axi is one of them.  Accordingly, residents in relevant geographies can anticipate services that are airtight in terms of safety. Additionally, in tandem with oversight from the Dubai DFSA, Axi ensures that traders from 150 countries can access the trading platform in a secure, compliant manner. Axi complies totally with regulations mandating that customer funds are kept in segregated bank accounts, and that in the event of insolvency those covered under the FCA can get their account balances reimbursed by up to $50,000.

Axi Pricing

Both Standard and Pro accounts require no minimum deposit to enjoy Axi’s trading experience and highly competitive spreads. Though some specific features do require a minimum balance ($1,000 for Autochartist and $5,000 for Duplitrade plugin privileges for example), all traders will access the vast majority of Axi features without limitation.

There are no fees charges on deposits or withdrawals, though some supported payment methods like Skrill do impose a small third-party charge to Axi users. Small overnight and rollover fees are industry standard account features unless users opt for Islamic accounts, which are Shariah compliant and swap/rollover free. The main way that Axi generates revenue is spreads, and even these are among the industry’s thinnest. On Pro accounts, there’s a $7.00 roundtrip commission on each trade ($3.50 when opened and $3.50 when closed).

Axi Reliability & Security

Reliability and stability are where Axi shines. Its operation in two of the most strictly-regulated financial jurisdictions allows customers to be extra confident that the market-maker is taking all steps necessary to provide a dependable experience, and it does. Axi is characterized by consistent uptime and remains a stable environment even for algorithmic traders, who depend on interrupted connectivity and minimal lag time. Reliability is measured in more than platform speed, regulatory liability, or a comprehensive array of tools. Customers will also appreciate that Axi stands readier than most to respond to their inquiries and problems, via live chat, email, and several toll-free phone numbers.

Axi User Experience

Getting signed up and verified as a first-time Axi member is a relatively simple and straightforward process. You’ll first need to provide government-issued ID, and if you plan on making a bank wire transfer then you’ll need to verify the account using your ID as well. Using web wallets or credit card is far easier, and once your account is verified and funded you can begin trading by clicking on Web MT4, though downloading the application itself is recommended for a faster experience.

Executing trades and opening and closing positions is uncomplicated, and with the windows and buttons making it straightforward, you can successfully place trades several different ways. Right clicking on the instrument on the left-hand list is faster, or you can select the instrument and then see its chart update in the main window, and then use the bottom trade window to adjust the particulars of your position. It should also be noted that deposit and withdrawal options are easy to find on the Axi client portal and moving money around the ecosystem is generally streamlined and stress-free.

Final Thoughts on Axi

For traders of any experience level, Axi represents one of the most reliable options around. With headquarters in highly regulated financial jurisdictions, customers can trade confidently knowing that the safety of their funds and personal information is kept securing, empowering clients to simply immerse themselves in the market. A wide variety of CFDs are available, though the addition of instruments like shares would help increase the value of the ecosystem.

Beginners will enjoy the standard MT4 and accompanying tools, especially those available from MT4 NextGen, while advanced traders and can connect directly with value-added third-party services. Overall, Axi represents a solid market-maker thanks to its dedication to delivering transparency, trustworthiness, and reliability while serving up the crucial features that trading success depends upon.

Trading Platform Screenshots
Contact Info
laptop Website: https://www.axi.com/
call Telephone: +61 2 9965 5830
location_on Company Address:
36 – 38 Leadenhall Street London EC3A 1AT United Kingdom
Axi FAQs

Q: Is Axi regulated in Europe or the United States?
A: Axi is compliant with regulators like the UK’s FCA, and Australia’s ASIC, as well as some others, but American and traders of several other specific jurisdictions cannot join.  The platform current supports clients from 150 countries.

Q: Can I trade shares with Axi?
A: Axi does not provide CFD shares on its platform, so those looking to trade equity markets should consider other options.

Q: Is there a minimum deposit with Axi?
A: No. Though unlocking some features require a minimum balance, you’re not required to deposit anything for full membership, and the extra features aren’t required to trade.

Q: How do I get in touch with Axi for my question or issue?
A: Call into the phone line that supports your local area and language, or talk to a representative over live chat 24/5.

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