MetaTrader 4
Axi's main platform, with add-ons and analytics for active traders.
- Expert Advisors
- NexGen indicator add-ons
- VPS option
- One-click trading
Axi review
Sydney-based forex broker founded in 2007 as AxiTrader, regulated by ASIC, the FCA and the DFSA, with no minimum deposit and competitive Pro pricing.
9.0/10
Analysis of public sources- ASIC
- FCA
- DFSA
- FMA
- Since 2007
Our verdict on Axi
In short
Axi, formerly AxiTrader, is an Australian broker founded in 2007 and regulated by ASIC, the FCA, the DFSA and the FMA. It offers no minimum deposit, a Pro account with raw spreads and a strong MetaTrader setup, plus Axi Select, a program that funds successful traders.
Who is it for?
Ideal for MetaTrader 4 traders who want a well-regulated broker with no minimum deposit, and for consistent traders interested in a capital allocation program.
Who it suits less
Less suited to traders who need TradingView or cTrader, or who want a very large range of stock CFDs.
Axi overview
Axi was founded in Sydney in 2007 under the name AxiTrader and rebranded in 2020. The group holds licences from ASIC in Australia, the FCA in the United Kingdom, the DFSA in Dubai and the FMA in New Zealand, and serves international clients through an offshore entity.
Axi offers a Standard account with no commission and a Pro account with spreads from 0.0 pip and a commission of about $7 per round turn. There is no minimum deposit. The broker is known for its MetaTrader 4 offering, complemented by its own app and Axi Copy for copy trading.
In our comparison, Axi ranks sixth with a rating of 9.0 out of 10. Its regulation and customer service score well; its platform choice and instrument range are narrower than those of the leaders.
Pros and cons
Pros
- No minimum deposit
- Regulated by ASIC, the FCA, the DFSA and the FMA
- Pro account with raw spreads from 0.0 pip
- No inactivity fee
- Axi Select program that can fund successful traders
Cons
- No TradingView or cTrader at the time of our review
- Narrower instrument range than multi-asset brokers
- International clients served by an offshore entity
- Product availability varies by country
Fees and commissions
Axi's Standard account has no commission, with spreads from 0.9 pip on EUR/USD. The Pro account offers spreads from 0.0 pip with a commission of about $7 per round turn per lot. Axi charges no inactivity fee and no deposit fees for most methods.
| Fee type | Details |
|---|---|
| Spread EUR/USD | From 0.9 pip (Standard), from 0.0 pip + commission (Pro) |
| Commission | None on Standard; about $7 per round turn per lot on Pro |
| Overnight financing (swap) | Charged on positions held overnight; swap-free accounts available |
| Deposit fees | Free for most methods |
| Withdrawal fees | Free for most methods; bank wire fees may apply |
| Inactivity fee | None |
Trading platforms
Axi is built around MetaTrader, with an enhanced MT4 offering that includes add-ons such as PsyQuation analytics (depending on the entity). The Axi app allows trading and account management on mobile, and Axi Copy lets clients follow other traders' strategies.
Axi App and Axi Copy
Mobile trading, account management and copy trading.
- Mobile trading
- Copy trading
- Strategy leaderboards
- Account funding
Available instruments
- 70Forex pairs
- 100Stocks
- 15Commodities
- 20Indices
- 30Cryptocurrencies
Approximate figures published by the broker. The exact list may vary by account type and by the entity that holds your account.
Deposits and withdrawals
- Minimum deposit
- No minimum deposit
- Payment methods
- Processing times
- Instant deposits by card and e-wallet. Withdrawals processed within 1 to 2 business days.
- Fees
- No deposit fees for most methods. Bank wire withdrawals may incur bank charges.
Customer service
- Languages
- Opening hours
- 24 hours a day, 5 days a week
- Contact channels
Safety and regulation
Axi is supervised by ASIC, the FCA, the DFSA and the FMA. Retail clients of the ASIC and FCA entities benefit from segregated funds and negative balance protection, and eligible UK clients can be covered by the FSCS up to GBP 85,000. International clients are served by an offshore entity with higher leverage and fewer protections.
- Main regulators
- ASIC (Australia), FCA (UK)
- Other group licences
- Investor protection
- FSCS up to GBP 85,000 for eligible UK clients; varies by entity
- Segregated client funds
- Yes
- Parent company
- Axi group (private), Sydney
- Year founded
- 2007
Frequently asked questions
No. Axi has no minimum deposit, although you need enough margin to open positions.
Axi is regulated by ASIC in Australia, the FCA in the UK, the DFSA in Dubai and the FMA in New Zealand.
Axi Select is a program in which Axi can allocate capital to traders who show consistent results on their own account, subject to the program's conditions.
Axi alternatives
Brokers in the same category (Forex) with similar ratings, ranked by rating.
Ready to open an account with Axi?
Overall rating: 9.0/10
Trading CFDs involves a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Brokers.Forex has no affiliate partnership with Axi: this link earns no commission.