Axi Review 2024

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

3.7 / 5
Axi is #33 in our CFD broker rankings.

Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks.

- William Berg, Reviewer
81.6% of retail investor accounts lose money when trading CFDs with this provider

Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.

MT4, AutoChartist
Forex, CFDs, indices, shares, commodities, cryptocurrencies
Neteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, Alipay

Forex Trading

Axi continues to offer a strong selection of 70+ currency pairs - more than many top brokers including award-winner AvaTrade, with only 50+. There are no restrictions on trading strategies including algo trading and scalping, which will serve both short-term and long-term traders.

Stock Trading

You can trade over 100 US, UK, European and Hong Kong stocks via CFDs, which is a more diverse selection than some top competitors. The broker also offers the popular Autochartist market scanning tool which continuously uncovers stock market signals.

CFD Trading

Axi offers 220+ products covering forex, shares, commodities, indices and cryptos. Spreads on EUR/USD come in at around 0.2 pips in the Pro account and 1.1 pips in the Standard account. These are competitive and aligned with equivalent accounts at leading low-cost brokers like Pepperstone.

Crypto Trading

The broker offers a strong selection of 30 popular cryptos paired with fiat currencies, other tokens and metals. The high leverage up to 1:200 will serve experienced crypto traders, whilst the zero-commission pricing structure will appeal to beginners.

Copy Trading

After partnering with Pelican Trading, Axi remains a strong option for traders seeking a reputable copy trading service. The user-friendly app requires no minimum deposit and connects seamlessly to your MT4 trading account.


  • 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

  • A strong range of advanced tools are available for experienced day traders, including the Autochartist market scanner, VPS solutions and exclusive MT4 NexGen features
  • The broker's inactivity fee terms are fairly generous, only charging a $10 fee after a long inactivity period of 12 months - some brokers charge after only 3 months
  • The broker’s free trading resources are geared towards short-term traders, including various market calendars and dividend forecast schedules
  • Experienced traders can benefit from the Axi Select funded trader programme, offering funding up to $1 million and up to 90% profit share
  • The $0 minimum deposit, zero-commission pricing structure, and user-friendly copy trading service will appeal to beginners
  • Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos
  • Among other educational resources, there’s an excellent selection of free eBooks for newly registered beginners
  • Axi is a well-regulated and established broker, with a strong track record since 2007

✗ Cons

  • There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app
  • The demo account expires after only 30 days - many alternative brokers that we test allow you to practice for 60 days or more
  • The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000
  • The Axi Select program requires a $500 minimum deposit to enter the first Seed stage

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.

Top 3 Alternatives to Axi

Compare Axi with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

    Forex trading involves risk. Losses can exceed deposits.
  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. DNA Markets – DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

Axi Comparison Table

Compare Axi With Similar Brokers
Axi IG Interactive Brokers DNA Markets
Rating 3.7 4.4 4.3 3.5
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Indices, Commodities, Stocks, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $0 $0 $0 $100
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Education Yes Yes Yes No
Platforms MT4, AutoChartist Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:400 1:30 (Retail), 1:250 (Pro) 1:50 1:500
Payment Methods 18 6 6 10
Visit Visit Visit Visit
Review IG
Interactive Brokers
DNA 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 Interactive Brokers DNA Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No Yes
Silver Yes Yes No 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 Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No Yes

Axi vs Other Brokers

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Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.
81.6% of retail investor accounts lose money when trading CFDs with this provider