Axi Review 2023 & Cashback

Axi Overall rating

	Rating	Weight
Real customer rating	4.3 (31 reviews)	3
Popularity	4.0	3
Regulation	5.0	2
Pricing rating	5.0	1
Features	Not rated	1
Customer Support	Not rated	1

To start our Axi review, we will outline the best features of this popular CFD broker. Axi is the new name for the long-established AxiTrader (founded in 2007). The Axi broker represents a very reputable choice for investors looking for a regulated broker - in Australia, in the UK and the UAE – and for those looking for a CFD broker with competitive trading costs. Axi also boasts a great feature; free access to the AI PsyQuation analytics platform, for all its registered traders with a live trading account.

On the downside, traders may experience some levels of slippage while trading with Axi (both positive and negative), a characteristic typical of forex brokers offering an ECN trading environment. Also negatively, the choice of regulator for its international clientele, St. Vincent & Grenadines FSA, offering little to no protection to retail traders.

Axi Regulation / Money Protection

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
AxiCorp Financial Services Pty Ltd	Australia - AU ASIC					30 : 1
AxiCorp Limited	United Kingdom - UK FCA		up to £85,000			30 : 1
AxiCorp Financial Services Pty Ltd (DIFC branch)	United Arab Emirates - AE DFSA					30 : 1
AxiTrader Limited	Saint Vincent and the Grenadines - SVG FSA					500 : 1

Opening a trading account with Axi is possible with any of its four entities. The St. Vincent & Grenadines entity serves the international clientele, and also the traders looking for a higher leverage ratio (up to 500:1). Traders can also choose to open an account with the ASIC entity, the UAE entity and the UK FCA entity, the later offering the maximum protection level for retail traders. Let's see the regulations of each entity separately:

International regulation: AxiTrader Limited, located at Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, Saint Vincent and the Grenadines, will be the counterparty for international customers. AxiTrader Limited, operating as Axi, is registered with company number 25417 BC 2019, and is regulated by the St. Vincent & Grenadines Financial Services Authority (FSA).

Australia regulation: AxiCorp Financial Services Pty Ltd, registered with ACN 127 606 348 and NZBN 9429042567608, is located at Level 10, 90 Arthur St, North Sydney NSW 2060, Australia. AxiCorp Financial Services Pty Ltd is licensed by the Australian Securities & Investments Commission (ASIC) with licence number ASFL 318232. This entity is licensed to carry out and offer financial services business in Australia and New Zealand, limited to the financial services covered by its AFSL licence.

UK regulation: AxiCorp Limited, also operating as Axi, is a financial services company registered in England and Wales under number 06378544. This entity has a registered office at 36 - 38 Leadenhall Street, London EC3A 1AT, United Kingdom, and is authorised and regulated by the UK’s Financial Conduct Authority (FCA) with registration number 509746.

UAE regulation: AxiCorp Financial Services Pty Ltd (DIFC branch) has a registered address at Office 105, Level 1, Tower 2, Al Fattan Currency House, DIFC, PO Box 507299, Dubai, UAE. The AxiCorp Financial Services Pty Ltd (DIFC branch) entity is regulated by the DFSA, with licence number F003742. AxiCorp Financial Services Pty Ltd (DIFC branch) is a wholly owned subsidiary of AxiCorp Financial Services Pty Ltd, and the product issuer is AxiCorp Financial Services Pty Ltd, registered and licensed by Australia's ASIC.

Client Money Protection

Axi complies with the highest safety standards for client's funds. Axi also complies with client money handling regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts. For these reasons, Axi client's funds are kept in top-tier international banks, such as the National Australian Bank (NAB) and Lloyds Bank, fully segregated from the company’s funds.

Deposit Compensation

AxiCorp Limited, the entity regulated by the UK’s FCA, is a member of the Financial Services Compensation Scheme (FSCS), an independent compensation fund of last resort for retail customers of authorised UK financial services firms.

In the unlikely event that AxiCorp Limited is unable to pay claims against it, or if the firm has stopped trading, or has declared to be in default, retail clients might be entitled to compensation, up to the value of £85,000 per claim.

Negative Balance Protection

Both the AxiCorp Limited (UK) and the AxiCorp Financial Services Pty Ltd (AU) entities offer a default Negative Balance Protection. Customers classified as “Retail” have a default NBP mechanism, according to FCA and ASIC's new regulations, meaning they cannot lose more than what they have deposited with Axi. Customers classified as Professional Clients are not protected by the default Negative Balance Protection mechanism.

The other two entities of the group, AxiTrader Limited (SVG) and AxiCorp Financial Services Pty Ltd (DIFC branch) do not offer a default Negative Balance Protection mechanism, meaning that both retail and professional traders loses' can/might exceed the account balance or the initial deposit.

Client Money Insurance

Axi has also signed a Client Money Insurance (CMI) policy with the reputable Lloyds of London. The CMI policy automatically covers Axi retail clients and provides an extra layer of protection for retail account balances above US$20,000. Also, in the event of Axi's business being declared insolvent, or/and if there’s a shortfall in segregated customer assets, the insurance policy would cover any outstanding amounts up to US$1,000,000 per client.

Axi Cashback rebates

	Standard	Pro
Forex	0.30 Pips	1.50AUD, 1.93CAD, 1.55CHF, 1.39EUR, 0.96GBP, 182.75JPY, 2.36NZD, 2.15SGD, 11.82HKD, 1.50USD Per Lot
Futures	$0.6 Per Lot	$0.5 Per Lot
Oil / Energies	$0.024 Per Lot	$0.02 Per Lot
Metals	0.30 Pips	Gold Silver:$1.50 Per Lot
Shares / Equities	Up to $0.012	Up to $0.01
Indices	Up to $0.6 Per Lot	Up to $0.5 Per Lot
Cryptocurrencies	Up to $3.0 Per Lot	Up to $2.5 Per Lot
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	Standard
Forex	0.30 Pips
Futures	$0.6 Per Lot
Oil / Energies	$0.024 Per Lot
Metals	0.30 Pips
Shares / Equities	Up to $0.012
Indices	Up to $0.6 Per Lot
Cryptocurrencies	Up to $3.0 Per Lot
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	Pro
Forex	1.50AUD, 1.93CAD, 1.55CHF, 1.39EUR, 0.96GBP, 182.75JPY, 2.36NZD, 2.15SGD, 11.82HKD, 1.50USD Per Lot
Futures	$0.5 Per Lot
Oil / Energies	$0.02 Per Lot
Metals	Gold Silver:$1.50 Per Lot
Shares / Equities	Up to $0.01
Indices	Up to $0.5 Per Lot
Cryptocurrencies	Up to $2.5 Per Lot
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

How much Axi rebates can I earn?

Use our forex rebate calculator to estimate your Axi rebate earnings:

Instrument AAVEUSD ADAUSD ATOMUSD AUDCAD AUDCHF AUDJPY AUDNOK AUDNZD AUDPLN AUDSEK AUDSGD AUDUSD AUS200 AVAXUSD BCHUSD BNBUSD BSVUSD BTCEUR BTCJPY BTCUSD CA60 CADCHF CADJPY CADSGD CELUSD CHFJPY CHFSEK CHFSGD CHINA50 CHINAH COMPUSD CROUSD DAIUSD DOGEUSD DOTUSD DSHUSD DXY EGLDUSD EOSUSD ES35 ETHUSD EURAUD EURCAD EURCHF EURCZK EURDKK EURGBP EURHKD EURHUF EURJPY EURMXN EURNOK EURNZD EURPLN EURRON EURRUB EURSEK EURSGD EURTRY EURUSD EURZAR FILUSD FRA40 FTTUSD GBPAUD GBPCAD GBPCHF GBPCZK GBPDKK GBPHKD GBPHUF GBPJPY GBPMXN GBPNOK GBPNZD GBPPLN GBPSEK GBPSGD GBPTRY GBPUSD GBPZAR GER40 HK50 HTUSD IOTAUSD IT40 JPN225 LEOUSD LINKUSD LTCUSD LUNAUSD MKRUSD NEOUSD NETH25 NOKJPY NOKSEK NZDCAD NZDCHF NZDJPY NZDSGD NZDUSD OKBUSD SEKJPY SGDJPY SHIBUSD SNXUSD SOLUSD STOXX50 SUSHIUSD SWI20 THETAUSD TRXUSD TRYJPY UK100 UNIUSD US100 US2000 US30 US500 USDBRL USDCAD USDCHF USDCNH USDCNY USDCUSD USDCZK USDDKK USDHKD USDHUF USDILS USDINR USDJPY USDMXN USDNOK USDPLN USDRON USDRUB USDSEK USDSGD USDTHB USDTRY USDTUSD USDZAR VETUSD WBTCUSD Wheat XAGAUD XAGEUR XAGUSD XAUAUD XAUCHF XAUEUR XAUGBP XAUJPY XAUUSD XBRUSD XCUUSD XEMUSD XLMUSD XMRUSD XNGUSD XPDUSD XPTUSD XRPUSD XTIUSD XTZUSD ZARJPY ZECUSD

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Axi Web traffic

Axi Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

Established in 2007, and with headquarters in Australia, Axi (formerly AxiTrader) was founded by traders and based on a simple concept, to be the online broker that everyone would want to trade with. Axi offers CFDs trading services on leveraged products, giving client's the potential to generate financial returns on both rising and falling prices across different markets, including forex, indices, commodities, shares and cryptocurrencies.

According to the broker’s institutional website, Axi is offering its trading services to more than 60,000 investors in over 100 countries. With a global presence, Axi total monthly client trading volume exceeds US$100 billion, placing the broker amongst the top ten global online brokerage providers.

This CFD broker provides trading solutions for active day traders, scalpers but also beginners. Axi offers its customers a good choice of trading platforms, including a proprietary platform – AxiOne – and access to the PsyQuation analytics platform coupled with competitive trading costs. Axi’s customer support is available in 14 languages, operational 24 hours/ 5 days a week, via live chat, email and contact form.

Trading with Axi can be done with the Metatrader 4 platform, available on web trader version, desktop terminal, and complemented with the mobile versions for Android and iOS. Investors can also choose to trade with the more advanced AxiOne, Axi’s proprietary platform, available for desktop and mobile.

Axi Asset classes

The AxiOne trading platform provides traders with direct liquidity from multiple venues, access to 7 exchanges, multi-asset trading (FX, CFDs, spread-betting, metals and NDFs) with multi-connectivity options, and with the unique feature of being available for trade at 5am Sydney time – that is 2 hours earlier than most other brokers. As an online CFD broker, Axi offers a limited selection of 150+ tradable financial instruments, divided in 5 asset classes: forex, indices, commodities and cryptocurrencies.

FX market: 60+ currency pairs, including all major pairs, and some minor and exotic crosses.

Indices: 11 world indices CFD, including the DAX, FTSE100 and Nikkei 225.

Stocks: 50 stocks CFDs available for trading, with 0% trading commission to pay, with a maximum leverage ratio of 20:1 and paying dividends, from worldwide top companies and banks, such as Apple, Tesla, Tesco, Rio Tinto, Lloyds, Adidas, and BNP Paribas.

Commodities: 8 commodities CFD available for trading; 3 metals – Gold, Silver and Copper, 3 energies – UK Oil, US Oil and Nat Gas, and 2 soft commodities – Coffee and Cocoa.

Cryptocurrencies: 5 cryptocurrencies CFD crosses available for trading versus the USD, including the BTC/USD, ETH/USD and XRP/USD.

Axi Account types

	Standard	Pro
Commission	-	7AUD/9CAD/7.25CHF/6.50EUR/4.50GBP/850JPY/11.0NZD/10.0SGD/7USD
Maximum leverage	30:1 FCA, ASIC; 500:1 Others
Mobile Platform	MT4 Mobile
Trading Platform	MT4, WebTrader
Spread Type	Variable Spread
Minimum Deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard
Maximum leverage	30:1 FCA, ASIC; 500:1 Others
Typical Spread	1.0
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Pro
Commission	7AUD/9CAD/7.25CHF/6.50EUR/4.50GBP/850JPY/11.0NZD/10.0SGD/7USD
Maximum leverage	30:1 FCA, ASIC; 500:1 Others
Typical Spread	0.1
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Axi simplifies its offering with only two types of trading accounts, Standard and Pro, both accessible to retail and professional clients. Axi’s Standard account is best suited for investors that wish to trade only with the bid and ask prices, without added commissions.

Axi’s Pro account is recommended for investors looking for a more competitive pricing, especially for the forex pairs with a tighter spread (EUR/USD average spread of 0.1 pip and USD/JPY average spread of 0.2 pip for example), but paying a trading commission of 7 USD.
Axi also offers swap-free accounts for traders of Islamic belief.

Regarding leverage, Axi maximum ratio is 30:1 for retail clients opening a live account with the UK’s FCA and the ASIC regulated entities, up to 50:1 for retail clients opening an account with the UAE regulated entity, and up to 500:1 for accounts opened with the AxiTrader Limited (St. Vincent & Grenadines) entity.

Currently, Axi trading accounts are available in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD.

Axi Demo account

With an Axi demo account traders can compare the broker to its peers, for its product offering and trading conditions. An Axi demo account also serves the purpose for beginners to practice their trading skills, in a safe environment without taking any risks with real money.

To open an Axi demo account – only available for the MT4 platform – traders will need to fill in a simple form, providing the broker with some basic information. Please note that to open a demo account, traders do not need to upload any verification document(s) to Axi, unless they are ready to open a live account.

After pressing the “Open demo” button, the demo logins will be sent by email and traders can launch the web version of MT4 or download the desktop version, available for PC, Mac, iOS and Android.

Axi demo account gives potential investors the chance to test the broker's services and pricing on several financial instruments – forex, indices, stocks, commodities, and 5 cryptocurrencies crosses, including Bitcoin versus the USD without risking any real money.

An Axi demo account is 100% risk-free and the funds (up to $50,000) are virtual – including both winnings and losses, of course.

Register for free and test your trading strategies, open an Axi demo trading account with no risk and no obligation now.

Try the Axi broker, risk-free!*

Open a Demo Account

^{*Please note - Axi demo accounts expire after 30 days, but the broker promises access to real-time spreads and a demo account that replicates the live market environment and conditions.}

Axi Pricing

Spreads and trading commissions

Axi’s pricing and trading costs are well positioned when compared with other players in this industry. The starting spread for the most popular cross, the EUR/USD pair, on the Standard account is 1.0 pip, commission free.

Of course, the highlight goes to the Axi’s Pro account, with a more competitive pricing and trading conditions. Taking the EUR/USD cross again as our example, Axi proposes a starting low spread of 0.0 pip, with a trading commission for 1 standard lot - 100,000 currency units - of 7 USD (3.5 USD per side/per lot). We consider the Pro account trading commission to be average when compared with other top brokers.

If you are a trader looking for an alternative broker for stock trading, Axi can also represent an interesting option. The AxiTrader Limited entity, regulated by the St. Vincent & Grenadines FSA, offers customers the chance to profit from stocks prices, both rising and falling, with its CFDs offering at competitive trading costs. Together with a 0% trading commission to open a buy position, or to short-sell a stock, investors can also earn dividends on some of the most popular world equites (provided that the trading direction is a buy).

^{*Please note - Axi maximum leverage ratio for stocks CFDs is 20:1 and that whilst margin trading can amplify returns, it can also amplify losses if the markets go against you.}

Rollover rates

Axi swap rates, as of 09-09-2021, and for the EUR/USD, stand at -3.57 for holding overnight a long position of 1 lot and at +0.94 for holding overnight a short position of 1 lot. We consider the broker’s rollover rates to be better when compared with the rollover rates offered by other top brokers.

Axi Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 10 different currencies and maintained via 9 different funding methods. With the traditional methods - debit/credit cards and bank wires - Axi also accepts deposits with the most popular e-wallets such as Neteller, Skrill, and FasaPay (subject to jurisdiction), and most recently Bitcoin.

Axi does not charge any deposit fees, and deposited funds are available almost instantly.

Minimum deposit: Opening a trading account with Axi can be done online, taking around 15 minutes to complete the required forms. Axi minimum deposit requirement to open a live account is $0 for all accounts, allowing traders to test the broker’s client portal and trading platforms features (including PsyQuation).

Withdrawal fees: Axi also waives the withdrawals fees (withdrawal processing times vary from instant to 1 to 3 working days). However, deposits/withdrawals may incur fees on payments to and from some international banking institutions, and Axi accepts no responsibility for such bank fees. For more information, please visit the Axi deposit and withdrawals info page.

Inactivity fee: Currently, Axi does not charge any inactivity fees or any other account maintenance fees.

Axi Popularity

The popularity of this excellent Australian-based broker is undeniable. With Axi investors can trade with solid trading platforms, the classic MT4 and AxiOne, engineered to suit all kind of traders. But the key factor for Axi popularity with the trading community is its competitive trading conditions and spreads, and the extras offered by the broker: access to the PsyQuation analytics platform and great trading tools like the Autochartist.

The PsyQuation is an AI powered analytics platform for traders, free for all Axi clients with a live account – even if the account balance is 0. The PsyQuation is not a trading platform, but a platform built with machine learning. PsyQuation works like a traders own private trading coach, by analysing a traders unique trading history and style, and guiding traders towards better trade decisions and improved profitability. The perk of the PsyQuation is that traders can also connect a demo account to the platform, test their trading strategy and receive free reports regarding their profitability!

Offering cutting-edge trading technology, Axi has super-fast trading servers located in New York, hosted by Equinix in the NY4 Data Centre, maximizing order execution speeds on all the trading platforms.

Popular trading account: The Axi Pro account is the popular choice with traders looking to save on trading costs, with lower spreads and a competitive commission of $7.00 per lot.

Trading education

Axi also gains extra popularity points for their extensive range of educational materials, available through the "Learn to Trade" tab on its website. Axi clients can download free FX eBooks and access the latest market news and blog. But the best feature of Axi’s trading education materials are the free online trading courses provided in partnership by the Knightsbridge Trading Academy and accredited by the London Stock Exchange.

Yes, that’s right! A free online trading course accredited by the LSE. Axi’s clients depositing 260 USD on their trading accounts can start with the “Introduction to Financial Markets” course, and clients depositing 1,900 USD will have access to a full LSE accredited online trading program, valued at 1,750 USD, and including 6 expert strategy videos and a network with 200 alumni.

Research & education materials available on Axi website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

Axi Promotions

Zero Fees on Deposits & Withdrawals

Axi FAQs

Is Axi (AxiTrader) an ECN broker?

No, Axi (AxiTrader) is not an ECN broker. As clearly explained on the broker’s product disclosure statement, point 5.4, Axi acts as the principal and is the issuer of the products it provides. Axi is a “market maker, not a broker, and accordingly will act as a principal, not as an agent, in respect of all transactions”.

When trading with Axi, investors will be dealing with Axi as the counterparty to every transaction and investors will, therefore, have an exposure to Axi in relation to each transaction, common in all OTC financial market products.

Axi’s Australian Financial Services (AFS) Licence allows the broker to make a market. In Australia all forex and CFD providers, including Axi, have the market making authorization on their AFS licence. Still, Axi offers competitive trading conditions, with its Pro account and clearly displayed on their corporate website, based on an ECN pricing model.

What are Axi (AxiTrader) regulations?

Axi is a safe broker for retail clients opening a live account with the entities in the UK, Australia and UAE. Supervised and regulated by the UK’s FCA, a Tier-1 financial authority, Australia’s ASIC and UAE DFSA, both Tier-2 authorities, Axi complies with strict financial regulations and offers top retail client protection mechanisms, such as Investor Compensation Fund, Client Money Insurance and Negative Balance Protection.

Axi UK is a trading name of AxiCorp Limited, registered in England and Wales with company number 06378544. AxiCorp is authorised and regulated by the UK’s Financial Conduct Authority (FCA), reference number 509746. Axi is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232.

AxiCorp Financial Services Pty Ltd, with registered address at Office 105, Level 1, Tower 2, Al Fattan Currency House, DIFC, PO Box 507299, Dubai, UAE, is authorised and regulated by the Dubai Financial Services Authority with reference number F003742.

Axi is also registered as a business company with the Saint Vincent & Grenadines FSA. Unfortunately, the nation island Financial Services Authority does not regulate, monitor, supervise or licence margin FX and CFDs issuers. But above all, it fails to impose NBP, an important retail client protection mechanism to prevent losses bigger than the account balance – something that is by default by the other financial regulators supervising Axi’s financial services offering.

What is Axi (AxiTrader) Pro account?

The Axi (AxiTrader) Pro account is the ECN pricing model account offered by Axi to traders looking for more competitive trading conditions, in comparison to Axi’s other trading account, Standard, with higher starting spreads, but with no commissions.

The Axi Pro account allows investors to trade 70 FX pairs with starting spreads of 0.0 pip on Majors, 0.2 pip on Minors and 1.7 pip on Exotics, all with a trading commission of 7 USD per traded lot (100,000 currency units), representing 0.70 USD commission for a 0.10 lot and 0.07 USD commission for a mini lot (0.01).

The Pro account has no setup costs, and the minimum trade size is 0.01 lots on several asset classes. To open a live Axi Pro account investors are only required to register with the broker and submit the required information. Axi’s Pro account minimum deposit is zero and allows investors to trade 140+ FX pairs, Metals, Indices and Cryptocurrencies CFDs – provided there’s enough account equity, of course.

The FX pairs prices on the Pro account are displayed in the 5-digit format, and the several financial instruments can be traded via the MT4 NextGen trading platform, compatible with EAs. Trading can also be executed via mobile trading platform. For investors registering a Pro account with the St. Vincent & Grenadines entity – AxiTrader Limited – the maximum leverage available is 500:1.

Axi’s Pro account is available in several deposit currencies: USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD and SGD. The Pro account is also offered to investors with a few perks, with the highlight being the free access to the PsyQuation analytics platform on Premium version. Investors with a live Pro account can also benefit from 30 days demo period and use the excellent Autochartist tool, offered absolutely free.

How to fund an Axi (AxiTrader) live account?

Axi (AxiTrader) live accounts – Standard and Pro – are available in 10 base currencies; AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD. Both accounts can be funded with several payment methods, including some popular e-payment solutions, via the Client Portal.

Being a regulated broker, all of Axi client’s funds are kept in segregated accounts with top international banks, and cannot be used by the broker for any operational costs or any other purposes.

As a responsible broker, online security and fraud prevention are top priorities. To ensure the trading account is fully protected, Axi implements high industry standards of encryption for the online payments and apply extra validation measures, such as ensuring all deposits and withdrawals match up with the name on the credit card.

Investors can fund their live accounts via several options – depending on jurisdiction and contracted entity. Please check the table below for the most popular solutions offered by Axi:

What is the AxiTrader server time?

Axi server time and price charts are GMT+2. When daylight saving is in effect Axi server time and price charts are GMT+3. Axi server times use the GMT+2 (or the GMT+3) time zone in order to align the daily chart candles with the New York session close (5pm ET). This time is internationally recognised as the day's end in the forex markets.

Axi’s trading servers are located in the NY4 Equinix Data Centre – globally acclaimed for their secure and reliable infrastructure – and Axi's FX pricing currently operates between Monday 00:00 and Friday 24:00 (MT4 Server Time).

The market for precious metal products, including Gold, Silver, Palladium, Platinum - opens at 1:00am Monday (MT4 server time) and closes at midnight (24:00) on Friday (MT4 server time). There is a break in the market between 24:00 and 1:00am (MT4 server time) each morning.

Axi applies swaps daily between 23:59:30 - 23:59:59 MT4 server time (5pm New York close). For certain currency pairs, triple daily swaps are applied at the end of Wednesday.

What is Axi (AxiTrader) minimum deposit?

Axi (AxiTrader) minimum deposit for a live trading account is zero.

Of course, with zero balance on the account investors will not be able to open any trading positions. Opening a live account with Axi is free, and even with no balance, it will allow traders to see the real market conditions offered by Axi, namely, the range of tradable assets and spreads.

It will also allow traders to examine the historical data on price charts and enable investors to try out the broker with a 30-day no-obligation demo account. And best of all, traders will also have access to the PsyQuation analytics platform (Premium version) where they can connect their demo account and analyse their trading style and strategies.

Axi review - final considerations.

We conclude our Axi review with the final considerations regarding this Australian-based CFD broker. Axi stands out for its competitive trading costs, on the Pro account, especially on the forex market with the EUR/USD pair with an average of 0.2 pip spread. The ECN trading environment offered by Axi, and the minimum slippage provided to investors allows for the best transaction costs. Axi clients are also allowed to hedge, scalp, swing or position trade, with no restrictions.

The other great feature of the Axi broker is the retail clients' funds safety. As an highly-regulated CFD broker, supervised by the UK’s FCA and the Australia’s ASIC financial authorities, traders can rest assured that they are trading with a solid broker.

Not only the UK entity offers an Investor Compensation Fund of up to £85,000 per claim for retail clients, together with NBP (also offered by the ASIC supervised entity), but even the St. Vincent & Grenadines entity guarantees the minimum of safety regarding retail clients funds with segregated accounts and a Client Money Insurance of up to US$20,000 for retail accounts.

AxiCorp Financial Services Pty Ltd is also a member of the Australian Financial Complaints Authority (AFCA). The AFCA is an independent and impartial Australian ombudsman that can assist consumers to resolve a complaint about an Australian financial firm.

Overall, the competitive pricing of the Pro account together with the availability of the AxiOne trading platform (and the free access to the PsyQuation analytics platform), position this CFD broker on the top 20 brokers for popularity with traders opening a trading account in 2023.

Axi Real customer rating

(31)

Axi reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

_{Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.}

Axi verified customers - with a live trading account - recommend the broker for its overall trading conditions; competitive pricing with low spreads, and stable servers with fast order execution. Traders were also pleased with Axi’s customer support service for their efficiency, and also on a positive note, traders praise the broker for its withdrawal's efficiency and the no-fees policy.

Negatively, some Axi users complained about the broker's spreads, pinpointing the occurrence of both negative and positive slippage.

Review sources

For over 10 years we have been one of the top introducers of forex and CFD trading accounts to virtually all of the world's top forex brokers. One of our primary goals is to help traders make informed decisions by publishing accurate and unbiased content, supported by primary sources.

These may include information supplied by the broker, government data, the broker's corporate website(s), the analysis from our industry experts, and the opinions from verified traders with a live account. The information on the Axi broker review page was also sourced from:

• Australian Securities and Investments Commission website, AxiCorp Financial Services Pty Ltd ASIC Licence, company details page.
• United Kingdom Financial Conduct Authority website, AxiCorp Limited FCA Licence, company details page.
• Dubai Financial Services Authority website, AxiCorp Financial Services Pty Ltd DFSA Licence, company details page.
• Axi international website, Axi Help Centre Resources, Help Centre page.
• Axi international website, AxiTrader Limited Margin FX & CFD Financial Services, statement pdf.
• Axi international website, AxiTrader Limited Margin FX & CFD Product Disclosure Statement, statement pdf.
• FXverify website, Axi regulations, pricing, popularity and user reviews by verified traders with a live account, reviews page.