Axi Review 2024
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3.4/5

Axi Review 2024

✔Low trading fees
✔Fully regulated and authorized
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Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

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Adam is head of content on TradingGuide.co.uk. He has many years of experience in the financial sector and honestly admits that he is in love with his job.

Article was updated: October 15, 2024
Estimated reading time: 3 minutes

Axi offers excellent forex instruments and CFDs for traders. The zero minimum deposit level and no fees on withdrawals or deposits are key advantages of this site.

Pros
  • An excellent selection of products to trade
  • $0 starting deposit
  • No fees for withdrawals or deposits
  • Fully regulated and authorised
Cons
  • Customer support is only available five days a week
  • Only forex and CFD trades available

Axi is a forex broker that has more than 80 currency pairs available for trading. These include a significant portion of minor currencies that may offer excellent returns.

This trading platform has three unique features. These are the Autochartist MT4 Plugin, PsyQuation Premium, and VPS Hosting. These features ensure that traders can take advantage of opportunities in real-time.

We have taken the time to explore all the tools available to learn how to trade on this site. Here is what we have found out to make you a better trader.

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Axi – Who Are They?

Axi is a relatively new broker, having been launched in 2020. It was previously known as AxiTrader, which was fully licensed and regulated in 2010 before rebranding to Axi (DFSA, FCA, ASIC). This is an Australian forex broker with an international client base.

Axi review

There are more than 60,000 traders in at least 100 countries using Axi to achieve trading ambitions. Through Axi, traders can access various platforms, including Advanced AI-powered PsyQuation, MyFXBook, MetaTrader4, Signals, and Zulutrade.To ensure traders have the best opportunity to trade their edge, educational tools and training resources are available on Axi. In addition, traders who need more assistance can engage with expert coaches through the site.

Compare Axi Features With Other Brokers

Compare with other broker
General Rating
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
Licence
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
axi logo
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
3.4rating-star
$0
Credit/debit card, Bank Wire, BPAY, Neteller, Skrill/Moneybookers or Global Collect and others
Free
Live spreads
Live spreads
Live spreads
MetaTrader 4, MetaTrader 4 WebTrader, Myfxbook
DFSA, FCA, ASIC
Yes
Yes (up to $1,000,000)
50 (as CFD)
70+
14
etoro logo
Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
4.1rating-star
$100
Debit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking
Yes (as CFD)
150 PIPs
1%
Free
0.0003 USD + (-0.000113) USD
eToro investing platform, Multi-asset platform, Copy Trader
ASIC, CySEC, FCA, FSAS
Yes
Yes (up to $250,000)
3000
52
27
300
Plus500 logo
Visit site
Risk Warning
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.2rating-star
$100
Bank Wire Transfer, Credit/debit cards, Paypal, Skrill
1.01
0.00018
Not available for UK traders
Free (Additional fees may apply)
0.35
Plus500 Webtrader
FCA, CySEC, ASIC, MAS, FSA
Yes
Yes, up to £85,000
2000+ (CFDs)
60+ (CFDs)
22 (CFDs)
90+ (CFDs)
avatrade logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.5rating-star
$100 (£72)
Credit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoney
Free
Free
Free
Free
Free
MT4, MT5, WebTrader, Automated Trading, Mac Trading, AvaTradeGO, AvaOptions, Mobile Trading, AvaSocial, DupliTrade, Capitalise.ai
CBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA
Yes
Yes, up to $1.000.000
600+
50+
17
Yes

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Commissions and Fees

Type Fee
Minimum deposit$0
Deposit fee3%
Withdrawal fee$0
Inactivity fee$10
Overnight feeYes

Range of Account Types

TypeStandardPROElite
Minimum deposit$0$0USD 25.000
Setup cost$0$0$0
Spreads from0.4 pips0 pips0 pips
CommissionNone$7 round trip$3.5 round trip
Margin/LeverageUp to 500:1Up to 500:1Up to 500:1

Our Opinion About Axi

As we traded on this site, it became apparent that Axi is ideal for small and large trades. There are two types of accounts that one can open, being the Standard Account and Pro Account.

The Standard Account is ideal for new traders as it has no commission charges. For even better conditions, the Pro Account is perfect. It features raw spreads and minimal commission charges.

This trading platform offers excellent features, including lightning-fast execution, multilingual support, ultra-competitive pricing, and unbeatable value from 0.0 spreads.

Get started with a free account, and switch to the funded standard version so that you can benefit from positive trades.

FAQs

Is Axi a legit broker?

Yes. Axi is a legitimate forex and CFD broker licensed by top-tier authorities, including ASIC and FCA. Keep in mind that the broker has been operating since 2007 and has a good reputation among its clients.

Is Axi copy trading safe?

Absolutely. Axi’s copy trading service is safe as it allows traders to follow and copy the trades of experienced traders. However, doing your own research and due diligence before following any trader is essential, as past performance is not necessarily indicative of future results.

How do I withdraw money from Axi?

To withdraw money from your Axi trading account, log in to the client portal and submit a withdrawal request. Withdrawals can be made through various payment methods, including bank wire transfers, credit/debit cards, and e-wallets.

Is Axi good for beginners?

Yes. Axi is a good forex and CFD broker that we recommend to beginners as it offers a range of educational resources, including video tutorials, webinars, and a trading academy. It also provides a demo trading account that allows beginners to practice trading without risking real money.

Does Axi have a demo trading account?

Yes. Axi offers a demo trading account for practising trading in a risk-free environment using virtual funds. The demo account is a good way for beginners to learn how to trade forex and CFDs and for experienced traders to test out new trading strategies.

Adam Jarfjord
Adam Jarfjord

is our leading content maker and head of the content department. For Adam, trading is not only a job but also a passion for more than 5 years. He has many years of experience in the financial sector and honestly admits that he is in love with his job.

Axi Review 2024 Details

Licences
TradingGuides Rating:
✔Low trading fees ✔Fully regulated and authorized
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
2.0 rating-star
Customer Support
2.0 rating-star
Commissions & Fees
2.0 rating-star
Platform & Tools
2.0 rating-star
Research
2.0 Overall Rating

31 Replies to “Axi Review 2024”

  • Eric Kurtin says:

    one of the best brokers
    so far I'm satisfied with spreads and positive slippage)

  • Habib says:

    AxiTrader is a reliable broker with good regulation from top-tier FCA and FSCA. AxiTrader provides a range of trading platforms, various funding methods, with average spreads and excellent customer support.
    For the negative points, the instruments range is limited to Forex and CFDs and there is no proposal for beginners education with courses.

  • Riley says:

    As you can see, Axi has low forex fees, and deposits and withdrawals are free of charge. It is make this broker to allow for a lot of beginners traders. Its account opening process is smooth and fully digital. But this broker has a negative side, it only has a small range of products, which are forex instruments and some CFDs, research options are limited.

  • Chris Woodman says:

    Trading with Axi has been one of the best decisions that I’ve made on my 3.5 years of trading journey. The service is great, tools for traders are excellent that I haven’t seen on any other broker before. Once upon a time Axi gave me confidence and the chance to trade in a safe way.

  • Max says:

    I have been using Axi for a few years now and everything is right. This is a very trusted broker with low spreads, commission and security.

  • Miсky says:

    I have traded with Axi since 2017 - a very good broker. I like their trading offers. Fast withdrawal process. I usually got the money into my bank account within 5-6 hours. I think it is pretty fast. I never had any problems with axi.

  • Steve says:

    Axi has provided me with a cool experience as a total the platform is very friendly for beginners. Axi has a fast system to deposit. Axi provides low spread and many instruments to trade. I would really recommend it to all serious traders.

  • Eric says:

    Would you recommend this provider?

    Fees

    Account opening

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    Deposit and withdrawal

    I highly recommend AXI for traders looking for reliable charting tools that accurately reflect asset prices, ensuring trustworthy trading signals. AXI stands out with its wide range of choices and unique leverage options, which are not commonly found on other trading platforms. This combination of dependable charts and flexible options makes AXI a top choice for traders of all levels.
  • Margo says:

    Would you recommend this provider?

    Fees

    Account opening

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    Deposit and withdrawal

    Axi provides traders with a suite of powerful tools that enhance the trading experience. From advanced charting features to real-time market data, these tools empower users to make informed decisions and execute trades efficiently.
  • Alex says:

    Would you recommend this provider?

    Fees

    Account opening

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    Deposit and withdrawal

    One of Axi's standout features is its robust risk management tools, prioritizing the safety of traders' investments. With features like stop-loss orders and negative balance protection, Axi ensures that traders can manage and limit potential losses effectively. This commitment to risk management instills confidence in traders, enabling them to engage in the markets with a greater sense of security.
  • Anton says:

    Would you recommend this provider?

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    Account opening

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    Deposit and withdrawal

    I've been trading with Axi Broker for over a year, and I'm thoroughly impressed. The platform is intuitive, and the educational resources provided have significantly improved my trading skills.
  • Liam Worthington says:

    Would you recommend this provider?

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    Account opening

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    Deposit and withdrawal

    Axi provides uninterrupted liquidity and swift communication, making it the most reliable choice for me right now. I enjoy continuing my trading business with Axi and also recommend it to all my friends. Axi is the most trustworthy and dependable forex broker I've used so far. Their spreads are very low, and it's beneficial for me to profit from my trades. The process of depositing and withdrawing funds is very fast, and I've never encountered any issues with this process.
  • Simon says:

    Would you recommend this provider?

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    Account opening

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    Deposit and withdrawal

    With Axi Select user-friendly interface, navigating complex financial markets becomes a breeze, providing traders with a seamless experience and enabling them to focus on what truly matters – executing profitable trades.
  • Mark says:

    Would you recommend this provider?

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    Account opening

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    Deposit and withdrawal

    Axi stands out with its cutting-edge trading technology, offering traders a seamless and efficient experience. The user-friendly interface, advanced charting tools, and lightning-fast execution contribute to a trading environment that is second to none.
  • Marco says:

    Would you recommend this provider?

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    Deposit and withdrawal

    I've been with Axi for years now, and they never fail to impress. Their tight spreads and lightning-fast execution have helped me maximize my profits. Highly recommended!
  • Mika says:

    Would you recommend this provider?

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    Account opening

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    Deposit and withdrawal

    The educational resources provided by Axi have been invaluable in helping me improve my trading skills. From webinars to tutorials, they offer a wealth of educational materials for traders of all levels.
  • Vlad says:

    Would you recommend this provider?

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    Account opening

    Customer service

    Deposit and withdrawal

    Axi Select has revolutionized my approach to prop trading. The platform's intuitive interface coupled with advanced analytics has empowered me to make informed decisions swiftly.
  • Emir says:

    Axi has been my go-to trading platform for the past six months. I am impressed with the range of assets available for trading. The trading conditions are very favorable with tight spreads and no hidden fees. The support team is always on hand to assist with any queries, which is reassuring. I also find their market insights and analysis very insightful. The MT4 platform integration is smooth, and it enhances my trading experience. I have had no issues with deposit and withdrawal processes. The platform's security measures are robust, giving me peace of mind. I have seen significant growth in my trading portfolio since using Axi. I highly recommend Axi broker to both new and experienced traders.

  • Slava says:

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    Axi’s strong regulatory standing provides assurance of its credibility and reliability. The platform’s compliance with industry standards ensures a secure and trustworthy trading environment.
  • Gavin Kwan says:

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    Account opening

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    Deposit and withdrawal

    Axi offers a wide range of assets for trading, including forex, commodities, indices, and cryptocurrencies. This diversity allows me to explore different markets and diversify my portfolio.
  • Adam says:

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    Deposit and withdrawal

    Axi's new global contest is a serious game for serious traders. $250,000 on the line with $100k for the winner? Count me in. Time to leverage years of experience and aim for that top spot!
  • Samson says:

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    The mobile app for Axi is superb. It's just as functional as the desktop version, allowing me to monitor my trades and make quick decisions on the go. However, I wish it had more detailed charting tools.
  • Daron says:

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    Deposit and withdrawal

    While Axi's interface is generally good, I experienced occasional lags during peak trading hours. However, their real-time data updates and customization options are top-notch, making up for these minor hiccups.
  • Diago says:

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    Account opening

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    Deposit and withdrawal

    Axi's platform is robust with features catering to both novice and experienced traders. The integration with MetaTrader 4 (MT4) is seamless, providing access to a wide range of trading tools and indicators. The addition of automated trading options via Expert Advisors (EAs) is a significant plus for those looking to implement algorithmic trading strategies.
  • Kent says:

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    Account opening

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    Deposit and withdrawal

    Axi Select's resources were perfectly tailored to the needs of seed-stage startups. From workshops on scaling to one-on-one sessions with legal and financial experts, every aspect of the program was designed to help us grow quickly and efficiently.
  • Matus says:

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    Account opening

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    Deposit and withdrawal

    Trading with Axi has been a seamless experience, largely due to their reliable execution speed. I’ve been able to enter and exit trades quickly, even during volatile market conditions. This is essential for my strategy, which relies on precise timing. I’ve rarely experienced slippage, and when I do, it’s minimal and acceptable. Fast execution gives me confidence that I can act quickly when opportunities arise.
  • Adis says:

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    Account opening

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    Deposit and withdrawal

    The trading platform offered by Axi Select is robust and feature-rich. I appreciate the variety of tools available for analysis and execution, which helps me refine my trading strategies. The platform is stable and rarely experiences downtime, which is crucial for trading. Axi Select has clearly invested in providing a high-quality trading environment.
  • Jacobs says:

    Fees

    Account opening

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    Deposit and withdrawal

    I was pleasantly surprised to find that Axi has a low minimum deposit requirement, making it accessible for traders like me who are just starting out. This allowed me to dip my toes into the forex market without a significant financial commitment. I appreciate that Axi understands the challenges new traders face and has created a welcoming environment. The ability to start small while learning the ropes has been incredibly beneficial to my trading journey.
  • Maison says:

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    Account opening

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    Deposit and withdrawal

    Axi Select provides access to multiple trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are equipped with advanced trading tools and features that cater to both beginner and experienced traders, allowing for a customized trading experience.
  • Robert Wade says:

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    Axi provides a wealth of educational resources, such as webinars, articles, and tutorials. These resources help traders improve their skills and knowledge, making it an ideal platform for beginners and seasoned traders alike.
  • Osvald says:

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    Account opening

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    Axi offers negative balance protection, ensuring that traders cannot lose more money than they have in their accounts. This feature enhances risk management and provides traders with a safety net.

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80% of retail CFD accounts lose money