Trade with Axi Funds up to $1 million USD
No Professional or Investment Advice. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation.
Axi Review
Axi, previously referred to as AxiTrader, is a major CFD and Forex broker worldwide: it serves an international audience of numerous online traders. Established in 2007, it has attracted considerable attention because of its advanced technology and low fees with tight plus transparent spreads alongside easy-to-control leverage and large selection of user-friendly tools.
Axi Pros and Cons
- Over 200 tradable assets
- No minimum deposit required
- Free educational resources
- Low Forex fees
- Low spreads
- Limited to only Forex and CFD
- Only provides MT4
- Limited customer support
- Demo is only available for 30 days
Is Axi Secure?
Yes, Axi is secure. Its offices are regulated in respective countries. Axi’s website is licensed by the Registrar of International Business Companies, and registered by the Financial Services Authority.
Markets and Products
Axi offers over 200 trading instruments on:
- Forex currency pairs (EUR/USD, GBP/USD, AUD/USD, USD/JPY)
- Stocks
- Indices
- Shares
- Precious metals like gold
- Cryptocurrency
Axi Fees and Charges
Axi charges no deposit fee and withdrawals are free if they are above $50. It also charges no commissions on trades you copy. Other charges include:
- Signal/performance fees. This is a % of any profit made when you copy trade but it can’t be more than 50%.
- Fees when funding exceeds monthly limits.
- Charges may be applied to card payments and other payment methods when deposits are more than $50,000.
- Mining fees on cryptocurrency deposits. This depends on the crypto wallet used.
- Financing charges for overnight holding of cryptocurrency CFD positions
- Low fees and commissions for standard trades, financing charges, rollover, and overnight charges when you hold open positions for index cash, shares, commodities, cryptocurrency, and other CFD contracts.
- Monthly inactivity fee of $10.
Axi Account Types & Account Opening
Axi has 4 main live accounts that share basic features, but differ in a few.
Elite Account: The Elite account doesn’t require a deposit to set up and you get to enjoy spreads as low as 0.0 pips and a minimum trade size of 0.01. It garners a $7 round trip commission.
Standard Account: Set up for the standard account is free and doesn’t require a deposit. This account has no commissions and also has spreads from 0.9.
You also get access to:
Pro Account: The Pro account has a minimum deposit of $25,000, has spreads from 0.0 pips, and attracts a $3.50 round trip commission.
The Swap-Free/ Islamic Account: This is for traders whose religious beliefs prevent them from earning or paying interest. It can’t be used with the Standard and Pro account. This account isn’t subject to swap fees on forex or precious metal trading symbols and attracts a holding fee on some symbols held open beyond 5 days.
Axi also includes a demo account you can use to test out the platform in a risk-free environment. The demo account expires after 30 days but continues if you open a live trading account.
How to Open an Account
The account opening process is fast and simple. To create an account, simply click the “Open Account” button in the upper right corner. Enter your country of residence, name, email address, and cell phone number.
Further details will be requested for profile completion — proof of identity (or any government ID) and proof of residence (like a bank statement or utility bill).
Trading Platforms
Axi provides access to MetaTrader 4 and the MT4 WebTrader platforms each with features like automated trading, advanced charting, and other technical analysis tools.
MT4
MetaTrader 4 is offered in numerous languages and boasts of many technical tools including alerts, one-click trading, chart trading, copy trading, automated trading, MarketWatch, and diverse order options.
Axi Autochartist
Autochartist is a trading tool that integrates with MT4 and includes a dedicated trading assistant that monitors the markets and notifies you of breaking news or significant price changes.
Web Trading Platform
Axi provides the MT4 WebTrader option, that’s user-friendly and allows trading on any browser without additional software. It gives you access to chart trading, watchlists, advanced charting, trade history, and one-click trading.
Axi Research Tools
Axi provides market analysis and expert commentary from leading industry experts through its Learn to Trade tab.
Axi Educational Content
Axi has several educational materials.
- The Axi Academy where you can sign up for free trading courses
- Articles on trading
- MT4 tutorial videos
- Free ebook downloads
- Trading and crypto glossaries with trading terminologies
- A comprehensive help center with articles on the platform
Customer Service Overview
The customer service team at Axi is available 24 hours every day, from Tuesday to Friday and on Mondays from 9 AM AEST. You can also call, submit a request, and chat live on WhatsApp. The help section is a great resource for sorting platform and account-related challenges.
Axi Deposit and Withdrawals
Axi has a variety of deposit and withdrawal methods, with quick processing times and no processing platform fees.
Deposit Methods
You can deposit on Axi using:
- Debit and credit cards (Visa or Mastercard)
- Cryptocurrency
- International bank transfer
- E-wallets like Skrill and Neteller
These deposit methods are dependent on your country of residence.
Withdrawal Methods and Payout Times
You withdraw from your Axi account using the following payment methods.
- Local banking
- Debit and credit cards (Visa or Mastercard)
- International bank transfer
- E-wallets like Skrill and Neteller
- Cryptocurrency
The processing times depend on the payment method you use and your location.
Axi Online User Reviews and Ratings
Axi has mixed average reviews on TrustPilot with a score of 3.4 out of 1,461 reviews on Trustpilot
- 73% of reviewers have given it 5 stars citing easy withdrawal and quick customer support.
- 12% have given it 1 star because of the same issues and log in problems.
Author Opinion on Axi
Axi is an excellent trading platform that is well worth a look. You can benefit from Axi’s trading products with no deposit needed, little costs, and an abundance of instructional resources. Opening an account is simple and doesn’t need a deposit. You may begin trading with a demo account or jump straight into a live account.
Frequently Asked Questions
Yes, the jurisdictions in which its offices are located around the globe regulate them. The Financial Services Authority has registered Axi’s website and granted permission by the Registrar of International Business Companies.
Axi has no minimum deposit for the Standard and Pro accounts. The Elite account has a minimum deposit of $25,000.
Axi withdrawals depend on the payment method you choose.
Several brokers such as Eightcap offer better features than Axi.
Axi does not charge a commission on trades or copy trading.
