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Axi, previously known as Axitrader, is an online trading service provider that has been in operation since 2007. Originally an Australian trading company, it has expanded over the years, opening a London branch in 2012 and commencing operations in China in 2015.
It specializes in forex speculative trade, including Bitcoins, Indices, metal, and commodities. Top-tier authorities regulate Axi, hence considered safe.
Summary: Axi provides a wide range of forex Markets, forex Education, enhanced MT4 trading platform, and strong leverage of up to 400:1. Although it has limited research tools, it is a good choice for traders looking for a well-regulated broker.
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|HQ||Level 10, 90 Arthur Street, North Sydney, 2060, Australia|
|Instruments||CFDs, Forex, Commodities, Indices, Cryptocurrency, Bonds, ETFs, Stocks|
|Regulation||Financial Conduct Authority in the UK, ASIC in Australia, and DFSA in Dubai|
|Fees||Standard account: no commission charges, generally higher spreads|
Pro account: $7 per round trip, generally lower spreads
|Leverage||Set according to individual preferences up to 400:1|
|Trading Platforms||MetaTrader 4 (MT4), MT4 NexGen|
Axi provides different MT4 trading accounts that come with extra tools and features to make your trading experience easier. These accounts are differentiated based on who owns them and what fee structure is applied.
Based on ownership, the accounts are classified into individual, joint, or corporate and provides the following two accounts:
The Standard account features include:
The Pro account features include:
Axi has low forex fees. It doesn’t charge deposit, withdrawal, and inactivity fees. It obtains its revenue from spreads in its standard accounts and commissions charged in its pro accounts. Financing costs on overnight positions or swap rates are applied and passed onto traders.
Account opening at Axi is user-friendly and fully digital, but it takes longer (1-3 days) than other similar online brokers. Steps to open an account are:
Axi does not charge deposit or withdrawal fees. You can use bank transfers, credit/debit cards, and electronic wallets to make deposits. You can, however, only withdraw via wire transfers and e-wallets. Withdrawals are normally completed within 1-2days. International transfers take between 2-5 days.
The MT4 web trading platform is provided by Metatrader. It is customizable and has a clear fee report. Axi also has mobile and desktop apps.
Axi range of markets includes:
The bulk of Axi research has been outsourced to Autochartist and PsyQuation Premium. It also operates a market analysis section where it provides quality content through market commentaries filled with trade ideas. This complements the outsourced research producing a good combination that grants traders a decent research package.
Axi Provides 24/5 support, and traders can call a toll free number, request a call-back, use emails or live chats to contact representatives. It also supports a wide range of languages, including English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic.
Axi has an Educational Support Center that offers chart tools. These provide concise information on various instruments and a suitable interpretation of the various price fluctuations.
Axi also offers various online courses from Basic Forex introduction to in-depth analysis. It also has several free educational videos that registered traders can watch to gain information. Axi also posts daily market updates.
Axi is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and Dubai Financial Services Authority (DFSA) in Dubai.
This broker primarily focuses on the forex market, and most assets for trading are currency pairs. Cryptocurrencies, commodities, and indices are also available. These allow entry-level cross-asset diversification. However, more advanced traders may find the overall asset selection limited.
Axi’s simple account options, international regulation, and customizable MT4 platform make it a tempting option for experienced traders. There is no minimum requirement, and the fact that all clients get a dedicated account manager makes it attractive for beginners. Education and market analysis are good for both beginners and experienced traders.
Overall, Axi is a good choice for traders looking for a reputable broker with strong regulations in place.