Axi Review & Rating 2024

Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence. The broker launched the UK headquarters in 2012. In October 2020, the Forex broker rebranded as Axi. Axi is recognized by many investors for its product market coverage and the tools offered to assist clients with the implementation of their trading strategies. Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills. 

Axi is a MetaTrader-broker that offers to trade with 80 currency pairs and 65 CFDs on commodities, metal, indices, and cryptocurrencies. Axi has a premium MT4 NextGen add-on package for clients.  Moreover, it also provides several social-copy trading platforms and tools.

Axi also extends to fees and spreads, with no fees on deposit or withdrawal. Additionally, the spreads of all Axi's account types are competitive in the industry. Therefore, its clients are satisfied with a simple and transparent trading environment. People of any experience level can get an accessible customer support team from it. Moreover, this broker offers deep leverage options and the ability to use some useful third-party trading applications.

Pros

• Premium MT4 NextGen add-on package
• Regulated by FCA and ASIC
• Low trading fees and no inactivity or account closure fee
• No deposit and withdrawal fees
• No minimum deposit requirement

Cons

• Doesn't provides MT5 trading platform 
• Customer Support only on weekdays

Axi is an average-risk broker as it does not publicly trade and does not operate a bank. Axi is regulated by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) & Financial Conduct Authority (FCA). Axi is now also registered with the Financial Services Authority in Saint Vincent and the Grenadines, number 25417 BC 2019 by the Registrar of International Business Companies. Traders can avail securities of their fund as per the guidelines set by the regulating authority.

Other than the regulations, Axi* also takes care of the client’s funds. The broker wins prestigious awards from FX media websites such as Most Reliable Forex Broker 2017 from AtoZForex.com (now AtoZMarkets.com). Later, Axi holds the winner title as Most Trusted Forex Broker in the UK Forex Award.

Furthermore, Axi has taken out Client Money Insurance on behalf of its clients of AxiTrader Limited. Per Axi’s website, every individual retail client is insured up to US$1,000,000*.

* Please read the terms and conditions  

Axi is a MetaTrader broker. This means it offers products from MetaQuotes Software Corporation, developers of the popular Meta Trader platforms.

MetaTrader 4 comes with a standard that differs from broker to broker. On the surface of the platform, there can be notable differences in spreads and commissions, execution methods, and other tools and administrative areas that can affect your trading experience.

Axi MT4

MT4 is a widely accepted forex trading platform that is used by most of the retail forex traders. It has a unique feature that helps the trader to operate with flexibility. Moreover, there are many integrated features for the traders to build their own EA’s

Here is a summary of the Axi’s MT4 platform:

• Premium MT4 NextGen add-on package
• Integrated news for all of the available instruments
• Supports demo trading options.
• Available in Windows, MAC, IOS & Android.
• Web trading platform.
• Features of copy trading and social trading.
• Built-in 51 indicators.
• 31 drawing tools for market analysis.
• One-click trading.

Mobile Trading Platform

Since Axi is a MetaTrader-only broker, Android & IOS of the MT4 app are available for download from the Play store & app store respectively. Traders can monitor their trade and take entries immediately with mobile devices. 

It is a great app that has many indicators and tools that are available on the desktop version. Moreover, the integrated news service is also available in the mobile version of MT4.

Axi offers two different accounts: Standard and Pro. The main difference between the two account types is the commission charges. Moreover, there are some differences between the account types.

• The spread of the standard account type starts from 1.0 pips with no commission. 
• The spread of Pro account starts from 0.0 pips with $7 round trip commission charge.
• No minimum deposit is required for each account type.
• Maximum leverage for both account types is up to 1:400

Get Extra Value With Axi

Axi offers extra values for its traders:

• Get access to the advanced trade analysis tool: PsyQuation Premium
• Join the accredited (CISI) trading courses from Knightsbridge Trading Academy, this course is valued at up to $2,750*
• Add convenient trading tools to your trader's arsenal and make better trading decisions
• Gain access to Virtual Private Servers and ensure your trades will not get interrupted

* Please read the terms and conditions

The customer service of Axit is available 24 hours a day, Monday to Friday. Traders can call them free from certain countries with some specific phone numbers available on their website. 

Traders can use the live chat option to get any instant support. The international phone no. and email address is as follows.

Phone No: +61 2 9965 5830
Email: service@axitrader.com

Additionally, Axi has exclusive education materials. The broker has a Facebook closed group where they work with market analysts to share insights and materials. Join Axi's Facebook group now for all the market insights from professional market analysts.

Axi maintains regulation with the UK’s FCA under its London- based entity, AxiCorp Limited, ASIC in Australia under AxiCorp Financial Services Pty Ltd and the Dubai Financial Services Authority (DFSA) under AxiCorp Financials Services Pty Ltd, which is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), in Dubai, UAE.

Axi is now also registered with the Financial Services Authority in Saint Vincent and the Grenadines, number 25417 BC 2019 by the Registrar of International Business Companies. 

Axi offers competitive pricing on its PRO account, with low spreads and round-turn commission per trade. It does not require any minimum deposit as well.

The firm’s in-house and outside research tools, including AutoChartist are provided with the MT4 NextGen package that helps traders to differentiate it from other MT4 brokers.

However, the number of tradable pairs was reduced in 2017. Axi still caters to a broad range of traders through its FCA regulation in the UK.

At last, we can say that Axi is a reliable forex broker. However, we always recommend you to do your own research before opening an account with the broker. 

FCA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.6% 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.

ASIC: CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose.