Established in 2007 in Australia, Axi (formerly known as AxiTrader) has grown to become one of the leading names in the online trading industry. The broker provides trading services in forex, stocks, indices, metals, energies, bonds, and ETFs, offering tight spreads, low commissions, good execution speed with minimal slippage, and multi-lingual global 24-hour customer support services. They provide advanced trading platforms, special tools, and a trust-driven trading experience. Little wonder they won the Most Trusted Forex Broker in 2018.
Axi Review Introduction
In this Axi review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Axi.
Axi Platforms & Tools
Axi provides clients with the ever-popular MetaTrader 4 (MT4) trading platform, as well as the MetaTrader 4 NextGen. The MT4 platform is available as desktop applications for Windows and Mac computers, web trading terminal, and mobile applications for iOS and Android devices. MT4 NextGen is a more advanced version of the MT4 platform with advanced management tools, improved ordering, and sentiment trading, and it’s free for all clients with a minimum deposit of at least $1,000.
The broker also provides some special trading tools, such as the Sentiment Indicator, Correlation Trader, Autochartist, Alarm Manager, Economic Calendar, Automated Trade Journal, Session Map, Mini Manager, VPS Hosting, Performance Statistics, Volatility Analysis, MT4 Trade Signals, and Multi-Account Manager.
Axi Research & Education
The broker has an education center with different free training materials for traders at all levels. These materials include eBooks, webinars, video tutorials, and a glossary of trading terminologies, and cover basic, intermediate, and advanced trading topics. Also, the broker provides a free trading course for beginner traders.
Axi Trading Accounts
Clients can choose between a standard account and a pro account. The standard account charges higher spread — starting from 1.0 pip — but there is no commission. For the pro account, the spreads start from 0.0 pip, but there’s a commission of $7 round trip. Both accounts have a maximum leverage of 1:30 for EU clients, while non-EU residents can have up to 1:400 leverage.
Axi Account Funding
Accounts can be opened in EUR, GBP, USD, CHF, or PLN. The broker accepts a selection of payment methods for funds deposit and withdrawals, and they include bank transfer, credit/debit card, and online payment gateways. Acceptable credit/debit card providers include MasterCard, Maestro, and Visa, while the preferred online payment gateways are Skrill, Neteller, and China UnionPay. Bank transfers may take a few business days to clear, but others are processed the same day. There may be transaction fees — please, see the broker’s website.
Axi Customer Service
Axi provides global customer support services from over 12 countries and in 6 languages. The customer support team is available 24/5 and can be reached through web chat, email, and telephone. Clients can also get personal account managers for personalized services.
The broker operates 2 firms that are regulated in different jurisdictions: Axi is a trading name of AxiCorp Financial Services Pty Ltd (AxiCorp). AxiCorp holds an Australian Financial Services Licence (AFSL number 318232). AxiCorp is authorised and regulated by the Financial Conduct Authority with FCA Reference Number 509746.
Both of these regulators are considered tier-1 financial regulators. Additionally, Axi UK also complies with the rules of the European Securities and Markets Authority (ESMA), which limits the size of leverage available to retail traders. The broker keeps clients’ funds in segregated trust accounts with top-tier banks, such as NAB and Lloyds.
Axi Review Summary
Axi is a regulated retail forex and CFD broker. They have a sizeable range of tradable instruments and offer advanced trading tools, along with competitive spreads, relatively low commissions, and fast execution through the MT4 trading platform.
It is worth mentioning that some of the trading products and services in this Axi review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Axi broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.