Axi is a worldwide online FX and CFD trading firm with 60,000+ ambitious consumers in 100+ countries. Since its founding in 2007, Axi has grown to become a leading worldwide broker, earning a reputation for its creative, customer-focused strategy and powerful AI technologies. This market-maker was founded by traders and for traders, and it offers a variety of tools and financial instruments that help any market strategy, without confusing users with a jumble of account kinds or superfluous frills.
This includes costs and spreads, with no fees on money transfers and spreads across all Axi account types that are among the most competitive in the market. Clients are equally pleased with the more straightforward and transparent trade environment. People of all levels of expertise will appreciate an approachable customer service team, a wealth of traded assets, extensive leverage choices, and the possibility to integrate some handy third-party trading programs.
Axi Pros & Cons
| ✅ Axi offers competitive leverage levels, which can be appealing for traders looking to maximize their buying power. | ⚠️ Axi’s product offering is somewhat limited compared to some other brokers, particularly when it comes to CFDs. |
| ✅ The broker provides a range of educational resources, including video tutorials, webinars, and market analysis, to help traders improve their skills. | ⚠️ While Axi’s spreads are generally quite low, they can widen significantly during periods of high market volatility, which may not be ideal for some traders. |
| ✅ Axi has won a number of industry awards over the years, including recognition for its customer service, which can help build trust with potential clients. | ⚠️ Axi’s platform options are somewhat limited, with only MT4 available and no proprietary platform or MT5 offered. |
Who Is Axi Recommended For?
Axi is recommended for traders who prioritize low trading costs and a variety of products to trade, particularly in forex, commodities, and indices. It is also suitable for traders who prefer a simple and reliable trading experience on the widely-used MT4 platform. Axi is also a good option for traders who prioritize regulatory compliance and security, as the broker is strictly regulated in the UK, Australia, and Dubai. However, traders who are looking for a wider selection of CFDs that includes shares and options may want to consider other brokers. Additionally, those who prefer to use proprietary trading platforms or MT5 may also need to look elsewhere.
Top Axi Features
- Free VPS: Axi offers a complimentary Virtual Private Server hosted in a high-speed data center for the fastest latency possible, which is valuable for traders who use automated algorithmic trading strategies.
- Lowest Spreads: Axi has won awards for its extremely competitive spreads, which vary by instrument and account type. The average spreads are around 1.2 for the Standard account and 0.1 for the Pro account.
- MT4 NexGen: Axi offers the newest version of the popular MetaQuotes 4 (MT4) software, along with utilities like an advanced Sentiment Indicator, Correlation Trader, and Automatic Trade Journal for traders with more than $1,000 in their accounts.
- Spread Betting Account: UK users can take advantage of Axi’s MT4 tax-free Spread Betting account, which allows leverage on spread bets and offers a demo version to test features.
- Support Channels: Axi offers 24/5 phone lines and has offices around the world, making it easy to get in touch with a representative or your dedicated Account Manager. Representatives speak six languages, and traders are automatically assigned someone who speaks their language when they have a question or inquiry.
- Education Resources: Axi provides free access to education resources such as PsyQuation, the most advanced analytics platform to analyze trading behavior, and Knightsbridge Trading Academy courses. The courses are led by CISI accredited tutors and are available for every level of trader.
Axi Account Types
Axi offers three different account types: Standard, Pro, and Islamic.
The Axi Standard account has no minimum deposit requirement and offers starting spreads from 1 pip. There are no commissions per trade for this account type, but swaps/rollovers are applied. The account supports decimal pricing up to 5 decimals and offers trading instruments such as 80+ FX pairs, metals, and CFDs. The minimum lot size per trade is 0.01 and the maximum lot size per trade is 100.00.
The Axi Pro account also has no minimum deposit requirement and offers starting spreads from 0 pips. However, a commission of $7 per round trip is applied. The account supports decimal pricing up to 5 decimals and offers the same trading instruments as the Standard account. The minimum lot size per trade is 0.01 and the maximum lot size per trade is 100.0.
The Axi Islamic account is designed for traders who follow Sharia laws and therefore cannot earn or pay interest. This account has the same features as the Standard account, except that it is swap/rollover-free.
All three account types offer demo accounts and support copy trading. The account currencies available for all three account types include EUR, GBP, USD, CHF, and PLN, and they all have leverage of up to 30:1.
Regulation and Security
Axi is regulated by several financial authorities around the world, including the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA). This means that Axi must adhere to strict regulatory requirements in order to ensure the safety of their clients’ funds and the fairness of their trading practices.
In addition to regulatory oversight, Axi takes security very seriously and employs several measures to protect clients’ personal and financial information. These measures include using secure encryption technology to protect online transactions, implementing strict internal policies and procedures, and regularly conducting third-party security audits. Axi also offers two-factor authentication for account login and has a dedicated team to monitor for any suspicious activity.
Conclusion on Axi
Axi is a reputable and reliable broker with a strong regulatory standing, providing traders with a variety of products to trade and a selection of account types to choose from. Its low starting spreads, free VPS, and educational resources make it a good choice for both novice and experienced traders. However, its limited selection of CFDs and lack of proprietary trading platform may be a drawback for some traders. Additionally, while its customer support is generally regarded as great, some advertised features may only be accessible via plugin.
