Axi Review 2023

/ 5
Axi is #30 in our CFD broker rankings.

Axi will appeal to forex traders in particular with more than 70 currency pairs, ultra-fast execution speeds and no restrictions on trading strategies, including EAs.

- DayTrading Review Team
81.6% of retail investor accounts lose money when trading CFDs with this provider

Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.


Demo Account

Copy Trading

Beginner Friendly
MT4, AutoChartist, DupliTrade
Forex, CFDs, indices, shares, commodities, cryptocurrencies
Neteller, Credit Card, Debit Card, Wire Transfer, Skrill
and 7 more

Forex Trading

Axi offers a great selection of 70+ major, minor and exotic currency pairs. There are no restrictions on trading strategies and the broker boasts impressive spreads by connecting to 20 liquidity sources.

Stock Trading

Trade over 100 US, UK and European stocks. There are zero commissions, long or short opportunities, and dividend paying equities available. Users can also turn to Autochartist to scan the stock market for signals.

CFD Trading

Trade CFDs with dynamic leverage on a multitude of markets, including forex, shares, indices and commodities. Raw spreads are available from 0 pips rivalling leading competitors.

Crypto Trading

Axi offers all the well-known cryptos paired with fiat currencies, other tokens and metals. High leverage up to 1:200 is available on digital currency trades and users can deploy various strategies, from scalping to position trading.

Copy Trading

After partnering with Pelican Trading, Axi has launched a user-friendly copy trading service that provides access to more than 30 products across popular financial markets.


  • Best EMEA Region Broker - ADVFN International Financial Awards, 2020
  • Best Forex Broker Middle East -, 2019
  • Best Forex Broker Europe -, 2019
  • Best MT4 Forex Broker -, 2019

✓ Pros

  • Highly regulated – traders can be assured the broker is not operating a scam
  • Axi Select funded accounts with up to $1M and a 90% profit share
  • Stock CFDs in US, UK and European markets
  • $0 minimum deposit will appeal to beginners
  • Award-winning brand with 60,000+ users
  • Around the clock customer support
  • Autochartist and Myfxbook tools
  • MT4 NexGen software
  • 1:200 crypto leverage

✗ Cons

  • Crypto CFDs are only available to professional clients
  • Demo account expires after 30 days
  • Limited choice of trading platforms

Axi offers forex and CFD trading to retail and professional investors. Catering to traders from the EU to Australia, Singapore and Indonesia, the client portal opens up 130+ products, copy trading functionality, plus multiple account options.

Our review of Axi covers everything you need to know about opening a live account, from minimum deposits, withdrawal details and MetaTrader 4 integration, to spreads, leverage and demo account info. Find out what our experts made of Axi.

About Axi

AxiTrader was originally an Australian trading company, set up in 2007. Over the years it has expanded, opening a London branch in 2012 and commencing operations in China in 2015. Over 60,000 clients have opened accounts in more than 100 countries.

Predominantly a MetaTrader broker, and rebranding from ‘AxiTrader’ – Axi now specializes in trading forex, cryptocurrencies, indices, metals and commodities. The brand has a mixed client base, with opportunities for less experienced investors, as well as institutional traders.

The company is regulated by the Australian Securities & Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA).

Trading Platforms

MetaTrader 4

MetaTrader 4 (MT4) is the primary platform provided. Versions are available which are suitable for Android APK and Apple devices, as well as Mac computers and those with a Windows set-up.

The platform is easy to navigate; trades can be completed quickly and effortlessly. Comprehensive education material also ensures that newbies have everything they need to get started.

150+ assets are available, along with live pricing and real-time charting. Clients can also keep abreast of the latest trends using the automated news feature. In addition, custom indicators can be added and the MQL4 programming language ensures that traders can develop and test automated investing strategies. The Myfxbook third-party application also integrates with MT4 to offer clients automated trading capabilities.

Axitrader download mt4
MetaTrader 4

Axi also provides users with MT4 NextGen. This terminal complements MT4 while providing additional functionality, such as enhanced order functionality and sentiment trading. In addition, Axi provides trading signals, a VPS, and MAM (multi-account manager) modules.

The MT4 download link for Mac and Windows is available on the official website.

Note, the broker does not offer the MetaTrader 5 (MT5) platform.

Axi Copy Trading

An app for copy trading is also available. Here, users can copy other successful investors. This is available as an iPhone app and an Android APK in the respective app stores. The interface is simple and clean, allowing for investments to be easily made on the go.

With zero commission fees at the deposit and withdrawal stage, plus access to over 30 trading products, it is an excellent tool, especially for beginners. Clients can browse by leading traders and can filter risk parameters to find an approach that suits their needs. The social trading platform is available to all live account holders.

Axitrader client login Islamic account

When comparing AxiTrader vs Pepperstone, this app stands out as the rival company does not have separate functionality for copy trading. Instead, Pepperstone utilizes MT4 integration.

Assets & Markets

Axi traders can speculate on:

Spreads & Commission

Generally, the spreads offered by Axi are in line with other sites. For example, the average spread for EUR/USD with a standard account is 1.3 (0.2 with a pro account). The average spread for GBP/USD is 1.5 (0.6 with a pro account) and for AUD/USD, it is 1.4 (0.5 with a pro account).

If you open a standard account with Axi, there is no commission. That said, spreads available for standard account holders only start at 0.4 pips. In comparison, the pro account charges a $7 USD round trip commission but spreads start from 0.0 pips.

The most cost-effective option for a customer is usually determined by trading volume and the list of assets they wish to speculate on. Overall though, fees are competitive.

Axi Leverage

When we used Axi, we found leverage up to 1:400 was available. This is relatively high, although there are a number of platforms that also offer 1:400, with some that offer up to 1:500. European traders may see leverage restricted to 1:30 (1:2 on crypto) in line with ESMA’s regulations.

Leverage levels can also be set according to individual preferences.

Mobile Apps

Axi offers an MT4 mobile app for both Apple and Android devices. The application can be downloaded from the official website or app store and enables traders to operate in the same manner as they would on desktop devices.

Traders can move between devices without “losing their place”. The app is fully functional, easy to navigate and provides all the advantages of using the site on a laptop or desktop.

As outlined above, a copy trading app is also available for investors who wish to copy the positions of other traders.

Payment Methods

Deposits to Axi can be made using several options:

Deposits are free and can be made in the following currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. There is no minimum deposit on bank wires, but on e-wallets, it starts at 10 USD or EUR depending on your region.

Deposits are instant through e-wallets, and withdrawals are normally completed within 1-3 days. International withdrawals take between 2-5 days.

Axi operates in line with anti-money laundering guidelines. This means that proof of identity may be required before withdrawals can be approved.

Demo Account

Axi offers a demo account that allows up to thirty days of dummy trading. Each account comes with a virtual balance of $50,000. Customers can choose whether to open a practice standard or practice pro account.

Set up a demo account here.

Deals & Promotions

The firm offers a $1000 welcome bonus for new investors who deposit a minimum of $2000 (terms and conditions can be found on the broker’s website), however, this is not available to clients in the EU.

For EU traders, Axi has a comprehensive selection of educational tools, including webinars, video tutorials, online education and e-books.

There is also a wide range of resources to assist active traders, such as an FX economic calendar, notice of market holidays, future CFD rollover dates, and a dividend forecast schedule.

Regulation & Licensing

The UK Axi operation is regulated by the FCA, with clients protected by the Financial Services Compensation Scheme up to £85,000. The Australian operation is regulated by ASIC. Both the FCA and ASIC are highly regarded financial regulators, which means that traders can trust the integrity of the AxiTrader group.

Dubai operations are regulated by DFSA, whilst Axi users in New Zealand benefit from regulation under FMA (NZ).

Additional Features

Axi has a regularly updated blog, which details industry announcements and views as well as insights into economic news across the globe. There is also the opportunity to receive market and technical analysis from experts. In addition, guides and infographics provide added data for traders.

Autochartist Signals

The Autochartist feature offers automation and trading signals on forex pairs. The tool essentially collates financial data from a multitude of sources and overlays technical analysis to help users identify trading opportunities. Trade suggestions are delivered via MT4 integration.

Axi Select

Axi is also one of the few brokers to offer funded trading accounts. Axi Select has six stages with funding available to traders that can demonstrate they can achieve consistent returns while managing risk.

Up to $1,000,000 is available in funding with a profit split up to 90% in favor of the trader. We particularly like that there is no fee to join the programme – it is open to all traders that can show they have the skills.

Our only complaint is that traders have to sign up with the offshore entity – AxiTrader Limited, which isn’t authorized by a strong regulator.

Account Types

Axi offers three different accounts: Standard, Pro and Elite. The main difference between the live accounts relates to the fee structure. As indicated earlier, the spreads with a Standard account start at 0.4 pips, but no commission is charged. In comparison, Pro account spreads start at 0.0 pips, but $7 USD is charged on each trade. Professional clients, with Elite accounts, benefit from both low spreads starting at 0.0 pips and commissions of $3.5 USD round trip.

There is no minimum deposit requirement with the Standard or Pro accounts, but clients need a $25,000 deposit to get started with the Elite solution. Elite accounts can also only be opened in EUR, USD, GBP and AUD.

Trading Hours

The site is open 365 days a year. Most assets are open for trading 24/7. Axi also has a full list of asset opening hours here.

Customer Support

Customers can start a live chat via the WhatsApp logo located at the bottom of the official page. They can also reach out about any issues they might have such as when MetaTrader has no connection and account funding or withdrawal problems by using the email address:

An Australian Axi free phone number is provided: 1300 888 936, and an international contact number: +61 2 9965 5830, in addition to many others:

Safety & Security

The broker uses industry-standard security measures to ensure that client data is kept safe. As such, all data is encrypted during transmission and the company uses cutting-edge software to protect traders.

This is a legitimate company, not a scam, and is regulated by many international bodies. It also offers negative balance protection.

Axi Verdict

Axi (formerly AxiTrader) is a trustworthy, established broker with competitive trading conditions. A relatively high level of leverage, alongside competitive commission, ensures Axi is a good value site to trade with. Axi has also been around for more than a decade, so enjoys a good reputation within the industry.


Is Axi Available In The Philippines?

Yes, the broker supports traders in many countries, including the Philippines, Canada, New Zealand, UK. It can also be contacted through its Singapore office (virtual) for any customer service issues.

How Do You Fund An Axi Account?

There are several methods you can utilize to add funds to your live account. This includes credit cards, debit cards, wire transfers, Skrill, Neteller, and many others. The detailed list can be found on the official website or in our review.

How Many Accounts Dose Axi Have?

The broker provides three options: Standard and Pro for retail traders and Elite for professionals. Retail accounts have no minimum deposit, while the Elite version offers the best trading environment in return for a $25,000 minimum deposit. Spreads start at 0.0 pips with the Pro and Elite options alongside a $7 and $3.50 round turn commission, respectively.

What Account Currencies Does Axi Offer?

Axi offers trading accounts in several base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD.

Accepted Countries

Axi accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Axi from United States, Colombia, Iraq, Iran.

Payment Methods

Axi Details

Minimum Trade 0.01 Lots
Regulated By FCA, ASIC, DFSA, FMA
Account Types
  • ECN
  • MAM
Islamic Account Yes
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions Yes
Managed Accounts No
Market Maker No
Auto Trading Myfxbook plus Expert Advisors (EAs) on MetaTrader
Social Trading Yes
Trade Signals Yes – on MT4
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Nasdaq
  • Cocoa
  • Coffee
  • Copper
  • Gasoline
  • Gold
  • Natural Gas
  • Oil
  • Platinum
  • Precious Metals
  • Silver

CFD Trading Details

FTSE Spread from 100 (floating)
GBPUSD Spread from 0.6 pips (floating)
Oil Spread from 0 pips (floating)
Stocks Spread Variable
Leverage 1:400

Forex Trading Details

GBPUSD Spread from 0.6 pips (floating)
EURUSD Spread from 0.2 pips (floating)
EURGBP Spread from 0.5 pips (floating)
Assets 70+

Cryptocurrency Trading Details

Crypto Spread Variable
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • AAVE
  • ADA
  • AVAX
  • BAT
  • BCH
  • BCH
  • BNB
  • BTC
  • BTC
  • COMP
  • CRV
  • DOG
  • DOT
  • ENJ
  • EOS
  • ETH
  • FTT
  • KSM
  • LNK
  • LNK
  • LRC
  • LTC
  • LTC
  • MANA
  • MKR
  • OMG
  • SAND
  • SOL
  • UNI
  • XLM
  • XRP
  • XRP
  • XTZ

Compare Axi

Compare Axi with similar brokers that accept traders from your location. Among available brokers these are the most similar to Axi:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets

Axi Comparison Table

Compare Axi With Similar Brokers
Axi IG Group Just2Trade Kwakol Markets
Rating 3.7 4.4 3.5 4.5
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $0 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts
Education Yes Yes No No
Platforms MT4, AutoChartist, DupliTrade MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, AutoChartist
Leverage 1:400 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 12 6 20 4
Visit Visit Visit Visit
Review Axi
IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by Axi and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Axi Trading Instruments
Axi IG Group Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No Yes
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Axi vs Other Brokers

Compare Axi with any other broker by selecting the other broker below.

Axi vs
Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.
81.6% of retail investor accounts lose money when trading CFDs with this provider