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Popularity top broker
Leverage Up to 1:500
Minimum Deposit $200
Regulation ASIC, FCA
Payment Methods Credit/Debit Card, Bank Wire, PayPal, Skrill, Neteller
Trading Assets Forex, Commodities, Indices, Cryptocurrencies
Spreads Low
Average cost: EUR/USD 0.4 pips
Demo Account
Islamic Account
Copy Trading
Scalping Yes
EA/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10 after 12 months of inactivity
Year Established 2007
Address Level 10, 90 Arthur St., North Sydney, NSW 2060, Australia
Contact Information Email: [email protected], Phone: +61 2 9965 5830
Mobile Trading APP
Rating ★★★★☆ [4.5]

Pros and Cons

  • Low spreads and competitive trading conditions
  • Access to both MT4and MT5 trading platforms
  • Wide range of tradable assets including Forex, commodities, and cryptocurrencies
  • High leverage options available up to 1:500
  • No deposit or withdrawal fees
  • Limited educational resources for beginners
  • No PAMM accounts available
  • ZuluTrade integration not offered
  • Inactivity fee applied after 12 months
  • Scalping strategies might be restricted under certain conditions


In the dynamic world of online trading, selecting the right broker can be a pivotal decision for both novice and experienced traders alike.

Axi, formerly known as AxiTrader, has established itself as a prominent figure in the forex and CFD trading industry, offering a blend of technological innovation, customer-focused services, and competitive trading conditions.

This comprehensive review aims to delve deep into the offerings of the broker, shedding light on its strengths, areas for improvement, and how it stands out in the crowded marketplace of online brokers.

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Overview of Axi

Founded: 2007
Regulations: ASIC, FCA, and others
Trading Platforms: MT4, MT5
Minimum Deposit: $200
Leverage: Up to 1:500
Trading Instruments: Forex, Commodities, Indices, Cryptocurrencies
Headquarters: Sydney, Australia

Company Background and Regulation

Axi began its journey in 2007 in Sydney, Australia, with a mission to create a forex broker that traders would love to use.

Over the years, it has expanded its services globally, adhering to strict regulatory standards across various jurisdictions.

Axi is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, among others, ensuring a high level of trust and security for its clients.

Key Points:

  • Global Presence: Offices in major financial centers around the world.
  • Regulatory Compliance: Adheres to strict regulations ensuring client fund safety.

Trading Platforms and Tools

Axi offers its clients access to the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Both platforms are renowned for their advanced charting tools, automated trading capabilities (EA), and customization options.

The broker enhances these platforms with additional features like Autochartist and PsyQuation, providing traders with a competitive edge.


  • MetaTrader 4 & 5: Access on desktop, web, and mobile.
  • Advanced Tools: Free access to Autochartist and PsyQuation.
  • Customization: Extensive customization options for charts and automated strategies.

Account Types

Axi caters to a diverse clientele by offering various account types, each designed to meet different trading needs and styles.

Standard Account:

  • No commission on trades.
  • Minimum deposit: $200.
  • Spreads from 1.0 pips.

Pro Account:

  • $7 round trip commission.
  • Minimum deposit: $200.
  • Spreads from 0.0 pips.

Islamic Account:

  • Swap-free accounts for Muslim traders.

Key Takeaways:

  • Variety: Accounts tailored to different trader needs.
  • Competitiveness: Competitive spreads and low commissions.
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Trading Instruments

Axi provides a wide array of trading instruments, allowing traders to diversify their portfolios across forex, commodities, indices, and cryptocurrencies.

  • Forex: Over 80 currency pairs, including majors, minors, and exotics.
  • Commodities: Trade more than 35 precious metals, energy, and soft commodities.
  • Indices: Access to major global indices.
  • Cryptocurrencies: Trade popular cryptocurrencies against the USD.

Customer Support and Education

The company prides itself on offering robust customer support and educational resources aimed at traders of all levels.

  • 24/5 Customer Support: Available via live chat, email, and phone in multiple languages.
  • Educational Resources: Comprehensive range of articles, webinars, and training videos.


  • While Axi offers an impressive array of educational content, there is room for expansion, especially for advanced trading topics.
  • Customer support is responsive and knowledgeable, providing timely assistance.

Deposit and Withdrawal Options

Ease of moving funds is crucial for traders.

Axi supports various payment methods, ensuring that deposits and withdrawals are processed efficiently.

  • Payment Methods: Credit/Debit cards, Bank Wire, PayPal, Skrill, Neteller.
  • No Deposit Fees: The broker does not charge any fees on deposits.
  • Withdrawal Processing: Withdrawals are processed within 1-2 business days.


  • The absence of deposit fees is a notable advantage, making it more accessible for traders to fund their accounts.
  • The range of payment methods caters to a global clientele, although additional local payment options could further enhance accessibility.

Trading Costs, Spreads, and Commissions

Understanding the cost structure of a broker is crucial for traders.

Its commitment to transparency and competitiveness is evident in its pricing model, which caters to traders of all volumes and strategies.

Spreads and Commissions:

  • Standard Account: Offers zero commission trading with spreads starting from 1.0 pips.
  • Pro Account: Features tighter spreads from 0.0 pips with a $7 round trip commission per standard lot.
  • Overnight Fees: Swap rates apply for positions held overnight, detailed on their website.


Axi’s Pro Account is particularly attractive for scalpers and high-volume traders due to its low spreads and reasonable commission rates.

The Standard Account, meanwhile, is well-suited for casual traders and those new to the forex market.

Additional Costs:

  • Inactivity Fee: Axi charges an inactivity fee, which is something traders should be aware of.
  • No Deposit or Withdrawal Fees: The company does not impose additional fees on deposits or withdrawals, making it easier for traders to manage their funds.

Leverage and Margin Requirements

Leverage can significantly amplify both the profits and losses.

Axi offers leverage up to 1:500 for major forex pairs, which is relatively high compared to other brokers.

The leverage levels for other instruments vary, reflecting the volatility and market conditions of each asset class.

  • Forex: Up to 1:500
  • Commodities: Up to 1:100
  • Indices and Cryptocurrencies: Varied based on the specific asset

Key Takeaways:

The availability of high leverage is a double-edged sword.

While it allows for greater exposure with less capital, it also increases the risk.

Axi provides tools and resources to manage leverage and risk effectively.

Mobile Trading Experience

In today’s fast-paced trading environment, the ability to trade on the go is essential.

Axi offers a robust mobile trading experience through the MT4 and MT5 mobile apps.

  • Platforms: Both MT4 and MT5 are available on iOS and Android devices.
  • Functionality: Full trading capabilities, including live pricing, charting tools, and account management features.
  • User Experience: The apps are well-designed, providing a seamless mobile trading experience.


The mobile apps maintain the functionality and tools of the desktop platforms, ensuring traders do not miss out on any opportunities when away from their desks.

However, those seeking broker-specific apps with additional features might find the generic MT4 and MT5 apps limiting.

Security and Fund Safety

Security of funds and personal information is paramount in online trading.

The company has implemented several measures to ensure the highest standards of security.

  • Regulatory Oversight: Being regulated by top-tier authorities like ASIC and FCA provides a framework of trust and safety.
  • Segregated Accounts: Clients’ funds are held in segregated accounts, separate from the company’s operational funds.
  • SSL Encryption: Their website and trading platforms use SSL encryption to protect data transmission.


The measures taken to protect client funds and information place it among the safer choices in the forex and CFD trading space.


Axi stands out in the crowded field of online brokers for many reasons – its regulatory compliance across multiple jurisdictions, competitive trading conditions, and the wide range of trading instruments.

Additionally, its adoption of the MT4 and MT5 platforms, complemented by advanced trading tools, caters to the needs of both novice and experienced traders.


  • Strong regulatory framework
  • Competitive spreads and commissions
  • Comprehensive range of trading instruments
  • Advanced trading platforms and tools

Areas for Improvement:

  • Expansion of educational resources
  • Introduction of more advanced trading features
  • Broader range of payment methods

Axi is a solid choice for traders looking for a reliable, regulated broker with competitive trading conditions.

Whether you are new to trading or an experienced trader, Axi provides the tools, platforms, and services to support your trading activities.

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User Reviews

“I’ve been trading with Axi for over a year now and I’m very satisfied with their services. The spreads are low, especially on major currency pairs, which has significantly lowered my trading costs. Their customer support team is also very helpful and responsive. The only downside is the lack of educational materials, which would be beneficial for new traders.”
Emma Richardson
“Axi provides a solid trading platform with access to a wide range of assets. I particularly appreciate the availability of cryptocurrency trading. The setup process was straightforward, and I could start trading almost immediately after funding my account. My only gripe is the inactivity fee, but as long as you’re an active trader, it’s not a concern.”
Alex Johnson
“I’m new to Forex trading and chose Axi because of their low entry barriers and competitive spreads. While the trading experience has been smooth, I wish they offered more learning resources to help beginners like me understand the market better. However, their customer service has been excellent in guiding me through my initial trades.”
Sophia Lee
“As an experienced trader, I find the broker’s platform to be among the best. High leverage and no withdrawal fees are significant advantages. The ability to use EA and access to MT4 and MT5 platforms are why I stick with them. However, they could improve by adding educational webinars or seminars for advanced trading strategies.”
Michael Brown
“I switched to Axi from another broker because of their transparent fee structure and was not disappointed. The trading conditions are excellent, and the customer support team is always ready to assist. The lack of PAMM accounts is a drawback for traders looking for investment opportunities, but overall, it offers a great trading environment.”
Rachel Green

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Frequently Asked Questions (FAQ)

What types of accounts does it offer?

Axi provides various account types to suit different trader needs, including standard, pro, and Islamic swap-free accounts. Each account type offers different features and benefits, such as low spreads and leverage up to 1:500.

How can I deposit funds into my account?

Axi accepts several payment methods for deposits, including credit/debit cards, bank wire transfers, PayPal, Skrill, and Neteller. Deposits are typically processed instantly for most methods.

Is Axi regulated?

Yes, it is regulated by several reputable regulatory bodies, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.

Does Axi offer a demo account?

Yes, it offers a free demo account for new traders to practice trading strategies and get familiar with the platform without risking real money.

Are there any fees for withdrawing funds?

Axi does not charge any withdrawal fees, allowing traders to withdraw their funds without incurring additional costs. However, some payment providers may apply their own fees.

Can I trade cryptocurrencies?

Yes, Axi offers cryptocurrency trading along with forex, commodities, and indices. Traders can access popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.

What trading platforms does the broker support?

Axi supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available for desktop, web, and mobile devices.


      Our experts

      This article has been written, edited and reviewed by the following members of our team:

      Last update: June 5, 2024


      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.


      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.


      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: June 5, 2024