| Axi Summary | |
| Founded in | 2007 |
| Registered Country | Australia |
| Regulation | ASIC, FCA, CySEC, FMA, DFSA |
| Market Instruments | 220+, forex, shares, indices, commodities, cryptocurrencies, IPOs |
| Demo Account | ✅(30-day trial with $50,000 virtual fund) |
| Account Type | Standard, Pro, Elite |
| Min Deposit | $0 |
| Leverage | Up to 500:1 |
| EUR/USD Spread | Floating around 1.1 pips (Standard account) |
| Trading Platforms | Copy Trading App, MT4, MT4 WebTrader |
| Copy Trading | ✅ |
| Customer Support | 24/5 live chat, WhatsApp |
| Tel: +61 2 9965 5830 | |
Axi Information
Axi (formerly AxiTrader) was founded in 2007, and has since expanded its presence to include offices in other regions, including Latin America, Asia, and the Middle East. Axi welcomes all kinds of traders of all skill levels. If you’re new to trading and want to start without too much capitalspending much, the $0 minimum deposit and user-friendly platform are great. Irrespective of a traders skill, there are many options to trade, good spreads, and lightning-fast execution. And for those inclined towards advanced features, Axi’s ECN system and MetaTrader 4 platform are a notable combination.
In 2023, Axi also launched their innovative capital allocation program called Axi Select. Axi Select gives talented traders the opportunity to trade their way to the top and get funding of up to $1,000,000 USD and keep up to 90% of their profits.
Pros & Cons
Taking a look at Axi, we spot its share of upsides and downsides. Let’s start with the bright side, it’s got the backing of multiple solid financial authorities, numerous instruments you can trade, and they let you practice with a demo account. Plus, they’ve got the MT4 platform. They offer customer support in 13 languages, and deposits and withdrawals are seamless.
| Pros | Cons |
| MT4 platform | Customer support is 24/5 only for English language; for other languages, customer support is open during business hours |
| • Wide range of trading assets and tools | Not Regulation |
| • Multiple account types including demo and Islamic accounts | |
| • No minimum deposit, $0 to start | |
| • Multilingual customer support | |
| • Free VPS for the Elite account | |
| • Copy trading | |
| • Capital allocation program, Axi Select | |
Market Instruments
Axi gives you access to 220+ trading choices across 6 categories: forex, shares, indices, commodities, cryptocurrencies, and IPOs.
| Trading Assets | Available |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| IPOs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Fees
Axi offers three account types tailored to different trading needs, namely Standard, Pro, and Elite. You can find detailed account features in the table below:
| Account Type | Standard | Pro | Elite |
| Setup Cost | Free | ||
| Min Deposit | $0 | $25,000 | |
| Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD | USD, EUR, GBP, AUD, NZD | |
| Min Trade Size | 0.01 lots | ||
| Max Leverage | 500:1 | ||
| Spread | From 0.9 pips | From 0.0 pips | |
| Commission | ❌ | $7 round trip | $3.5 round trip |
| Axi Select | ✔ | ✔ | ❌ |
| EA Compatibility | ✔ | ✔ | ✔ |
| VPS | Subscription available | Free | |
| Autochartist | Free | ||
Demo Trading
Also, Axitrader gives users free demo accounts that last for 30 days and include $50,000 in virtual funds. Demo accounts offered by Axitrader shine in these areas:
Practice Trading: You get $50,000 in virtual money to practice trading however you like.
Personal Support: You’ll have a dedicated Account Manager and support available 24/5 to help you.
Real-Time Info: You can see live spreads on the popular trading platform, MT4.
Live-Like Demo: The MetaTrader 4 Demo account mimics the real market, so you can practice effectively.
Switch to Real: When you’re ready, you can turn your demo account into a real one by funding it.
Currency Options: You can choose your account’s base currency from options like AUD, EUR, GBP, USD, CHF, and PLNX.
However, base currency cannot be changed once created.
Besides, they also offer special Islamic trading accounts for Muslim traders that follow Shariah law.
Trading Platforms
Axi offers traders the popular MetaTrader 4 (MT4), which is a widely used platform that offers a wide range of charting and technical analysis tools, customizable indicators, and the ability to use automated trading strategies through Expert Advisors (EAs). The MT4 platform is available for download on PC and Mac computers, as well as on mobile devices for both iOS and Android.
Additionally, Axi offers the MT4 WebTrader, which allows traders to access the platform directly from their web browser without the need for any downloads or installations.
Axi Trading Platform and Copy Trading App are also available.
Conclusion
All things considered, Axi is a well-regulated and reputable broker that offers 220+ instruments for trading, including forex, shares, indices, commodities, cryptocurrencies, and IPOs. They also offer multiple account options, free demo accounts, and leverage up to 500:1. In addition, their MT4 trading platform is robust and feature-rich, with various tools and resources to support traders.
