Axi Review

Axi Overall rating

	Rating	Weight
User Rating	3.5 (43 reviews)	3
Popularity	5.0	3
Regulation	5.0	2
Pricing rating	5.0	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Axi using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Axi is a well-established broker founded in 2007 and regulated by several reputable authorities including the AU ASIC, UK FCA, and AE DFSA. It is ranked 58 out of 1102 forex brokers based on user ratings and holds a high expert rating of 7th place. The broker has garnered a substantial amount of web traffic with over 1.3 million organic monthly visits, ranking 28th for organic traffic among forex brokers.

User reviews for Axi are generally positive, with an overall rating of 3.9 out of 5 from 43 total reviews, 32 of which are from verified accounts. While Axi is privately owned and not publicly traded, it does not provide its financials publicly. It's important to note that even highly regulated and successful financial firms have faced difficulties in the past, so continuous diligence is advised.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
AxiCorp Financial Services Pty Ltd	Australia - AU ASIC					30 : 1
AxiCorp Limited	United Kingdom - UK FCA		up to £85,000			30 : 1
AxiCorp Financial Services Pty Ltd (DIFC branch)	United Arab Emirates - AE DFSA					30 : 1
AxiTrader Limited Saint Vincent and the Grenadines						500 : 1

Deposit Insurance

Axi offers investor compensation programs under its regulatory frameworks to protect client funds. The AU ASIC and UK FCA regulations require Axi to segregate client funds from its operating capital, ensuring client money is protected in the event of the broker's financial failure.

Additionally, the UK FCA provides a deposit compensation scheme that compensates investors if an authorized financial firm fails. However, the broker does not provide deposit compensation schemes under the AU ASIC and AE DFSA regulations, and its Saint Vincent & Grenadines entity is not regulated.

Spreads and Costs

Axi offers competitive average spreads across various asset classes. When compared to other market-leading brokers, Axi's average forex spreads are in-line with industry standards, providing good value for traders. Their indices and commodities average spreads are also competitive, although some brokers may offer slightly lower costs.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

When comparing Axi to other brokers, it is evident that Axi holds a strong position in the forex industry. Regulated by reputable authorities such as the AU ASIC and UK FCA, Axi provides a trustworthy trading environment.

The broker's competitive average forex spreads and high user popularity contribute to its strong market presence. However, Axi's higher average swap rates and lack of public financial disclosures are areas where it falls short compared to some competitors.

In terms of regulatory licensing, user reviews, and web traffic, Axi is on par with other industry-leading brokers such as IC Markets, FxPro, and ThinkMarkets. Axi's well-established history, dating back to 2007, further enhances its credibility.

Overall, Axi is a solid choice for traders looking for a reliable and well-regulated broker, despite some areas for improvement in swap rates and transparency.

Trading Platforms - Mobile, Desktop, Automated

Axi offers the MetaTrader 4 platform for desktop, mobile, and web trading. This platform is renowned for its user-friendly interface, advanced charting tools, and automated trading capabilities. Below is a table summarizing the trading platforms provided by Axi:

MetaTrader 4 (MT4) is a versatile platform that caters to both novice and experienced traders. It offers a range of technical analysis tools, customizable charts, and automated trading options through Expert Advisors (EAs).

The MQL4 programming language used for developing EAs is relatively easy to learn, making it accessible for traders looking to implement automated trading strategies. MT4's mobile app ensures that traders can manage their accounts and execute trades on the go, maintaining full functionality across devices.

What Can you Trade?

Axi offers a diverse range of tradable instruments, including forex, cryptocurrencies, stocks, indices, and commodities. Here is a table summarizing the asset classes and the number of instruments available:

Axi offers trading in CFDs (Contracts for Difference) rather than owning the underlying assets. CFDs allow traders to speculate on price movements without owning the asset, providing opportunities to profit from both rising and falling markets. The use of leverage amplifies potential returns but also increases risk.

Traders should be aware of the differences between trading CFDs and owning real assets, including the implications of leverage and the need for effective risk management strategies.

For more information on the individual instruments available for trading, visit Axi's official website.

Available Leverage

Axi offers varying leverage levels depending on the regulatory entity and the type of instrument traded. Under AU ASIC and UK FCA regulations, the maximum leverage for retail clients is 30:1.

However, Axi's Saint Vincent & Grenadines entity offers significantly higher leverage of up to 500:1, catering to more experienced traders who understand the risks associated with higher leverage. Traders should always consider the potential for amplified losses as well as gains when using leverage.

Prohibited Countries

Axi does not accept clients from several countries due to regulatory restrictions. Some of the prohibited countries include the United States, Canada, Iran, and North Korea. Traders from these regions are unable to open accounts with Axi. For a complete list of restricted countries, it is advisable to visit Axi's website or contact their customer support.

Axi Account types

	Standard	Pro
Commission	-	7AUD/9CAD/7.25CHF/6.50EUR/4.50GBP/850JPY/11.0NZD/10.0SGD/7USD
Maximum leverage	30:1 FCA, ASIC; 500:1 Others
Mobile Platform	MT4 Mobile
Trading platform	MT4, WebTrader
Spread Type	Variable Spread
Minimum Deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard
Maximum leverage	30:1 FCA, ASIC; 500:1 Others
Typical Spread	1.0
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Pro
Commission	7AUD/9CAD/7.25CHF/6.50EUR/4.50GBP/850JPY/11.0NZD/10.0SGD/7USD
Maximum leverage	30:1 FCA, ASIC; 500:1 Others
Typical Spread	0.1
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Axi Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Axi Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread