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Axi Review 2024

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

October 29, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.1% 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.

From our comprehensive research, Axi stands out as an average choice for traders looking to engage in forex and CFD trading. Axi's offerings and service quality deliver an acceptable but not superior trading environment, ideal for traders seeking a solid trading platform with basic features.

Overall Rating

7.1 / 10

Minimum Deposit

Trust Score info

Trusted

Pros and Cons

thumb_up_off_alt Pros

MetaTrader 4 Support: Axi supports the popular MetaTrader 4 platform, appealing to traders familiar with this trading system.
Social copy trading: Axi supports ZuluTrade, allowing traders to copy trades from others.
Regulatory Assurance: Regulated by Australia's ASIC, Axi is a reliable choice for traders concerned about compliance and fund safety.

thumb_down_off_alt Cons

Limited Platform Choices: Does not offer MetaTrader 5 or proprietary trading platforms, restricting traders who prefer these platforms.
Lack of Advanced Education: Axi does not provide advanced educational videos, which could be a setback for those seeking in-depth trading knowledge.
Average Investment Ratings: The offerings in investments are rated as below average, suggesting there might be better options available in the market for diverse portfolios.

Ratings Summary

Investment Types - 6.5/10
Commissions & Fees - 7.5/10
Trading platforms - 6.5/10
Research - 6.0/10
Mobile Apps - 7.0/10
Education - 7.5/10
Overall - 7.1/10

Can I trust Axi?

Our review confirms that Axi is a trustworthy broker, backed by authorization from Australia's ASIC and not publicly traded. With a trust score of 82, Axi is considered reliable, falling into the 'Trusted' category according to ForexBrokers.com.

Axi is currently licensed and/or authorised by the following regulatory bodies:

Tier-1 Regulators - Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA)
Tier-2 Regulators - Dubai Financial Services Authority (DFSA)
Tier-3 Regulators - None
Tier-4 Regulators - Vanuatu Financial Services Commission (VFSC)

Is Axi good for beginners?

Axi is a commendable option for beginners, thanks to its provision of beginner education videos and the lack of a minimum deposit requirement, making it accessible for new traders starting out.

Feature	Axi
Education (Forex or CFDs) info	Yes
Client Webinars info	Yes
Videos - Beginner Trading Videos info	Yes
Videos - Advanced Trading Videos info	No
Investor Dictionary (Glossary) info	Yes

Axi commissions and fees summary

In terms of commissions and fees, Axi offers a balanced cost structure with no inactivity fees and active trader discounts, although its commissions and fees are rated as average. The absence of information on average spread costs for the EUR/USD pair indicates a potential area for improvement in transparency.

Feature	Axi
Minimum Deposit info	$0
Average Spread EUR/USD - Mini info	N/A info
Average Spread EUR/USD - Standard info	N/A info
All-in Cost EUR/USD - Active info	N/A info
Active Trader or VIP Discounts info	Yes

Axi trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

While Axi provides a functional trading experience through MetaTrader 4, its overall platform and tool offerings are average. This may affect traders looking for high-end analytical tools and integrated trading features.

Trading platforms offered: Axi offers MetaTrader 4 for forex and CFD trading.

Trading tools: Axi provides standard trading tools suitable for average traders.

Copy trading: Axi offers copy trading options like ZuluTrade, enhancing its appeal to less-experienced traders who wish to mirror the transactions of established traders.

Feature	Axi
Virtual Trading (Demo) info	Yes
Proprietary Platform info	No
Desktop Platform (Windows) info	Yes
Web Platform info	Yes
MetaTrader 4 (MT4) info	Yes
MetaTrader 5 (MT5) info	No
DupliTrade info	No

Mobile trading apps at Axi

Axi's mobile trading capabilities are below average, with room for improvement in mobile accessibility and user experience.

Feature	Axi
Android App info	Yes
Apple iOS App info	Yes
Mobile Economic Calendar info	No
Mobile Alerts - Basic Fields info	Yes
Mobile Charting - Draw Trendlines info	Yes
Mobile Watchlist info	Yes

How do I open an account with Axi?

Visit the Axi website and click on the 'Open an Account' button.
Fill out the registration form with your personal information.
Verify your identity and residence by uploading the required documents.
Fund your account using one of the accepted methods.
Start trading after your account is activated.

What can I trade at Axi?

Axi offers a moderate range of tradable instruments, with 65 forex pairs and a total of 175 tradeable symbols. However, its overall offering is rated as below average - it may not meet the needs of traders looking for a wider range of investments.

Feature	Axi
Tradeable Symbols (Total) info	175
Forex Pairs (Total) info	65
Social Trading / Copy Trading info	Yes
Cryptocurrency (Physical) info	No
Cryptocurrency (Derivative) info	Yes
Spread Betting info	Yes

Account funding at Axi

Axi supports various funding methods including bank wires, Neteller, and credit cards, but does not support PayPal.

Feature	Axi
Visa/Mastercard (Credit/Debit) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	Yes
Neteller (Deposit/Withdraw) info	Yes

About Axi

Axi (formerly known as AxiTrader) was founded in 2007 and is headquartered in Australia.

Compare Axi

See how Axi stacks up against other brokers.

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.