1. Broker Overview
AXI (formerly AxiTrader) is an Australian-based forex and CFD broker established in 2007. Headquartered in Sydney with offices in the UK and other financial centers, AXI has built a reputation for institutional-grade trading conditions.
Regulation and Licensing:
- ASIC (Australia) – AFSL License No. 318232
- FCA (UK) – FRN 509746
- DFSA (Dubai) – F003742
- Offshore entity under St. Vincent & the Grenadines
Target Audience
Ideal for intermediate to advanced traders seeking low spreads and ECN-style execution.
2. Trading Platforms & Tools
Platforms:
- MetaTrader 4 (MT4) – Available on Windows, Mac, iOS, Android, and via WebTrader
- MT4 NexGen with additional features
- PsyQuation Premium – AI-based trading analytics
Tools:
Advanced charting, over 50 technical indicators, automated trading (Expert Advisors), and VPS hosting.
3. Account Types & Trading Conditions
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| Account Type | Minimum Deposit | Spreads | Commission | Leverage |
|---|---|---|---|---|
| Standard | $0 | From 0.9 pips | $0 | Up to 1:1000 |
| Pro | $0 | From 0.0 pips | $7 round trip | Up to 1:1000 |
| Elite | $25,000 | From 0.0 pips | $3.50 round trip | Up to 1:1000 |
*Note: Regulated clients may have lower leverage (e.g., 1:30 under FCA/ASIC).
4. Tradable Instruments
- Forex: 70+ currency pairs (majors, minors, exotics)
- Commodities: Gold, Silver, Oil (via CFDs)
- Indices: Global indices like S&P 500, DAX 40, FTSE 100
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin (via CFDs)
- Shares, IPO’s
5. Deposits & Withdrawals
- Methods: Bank transfers, credit/debit cards, Skrill, Neteller, and select crypto deposits
- Processing:
- Deposits: Instant for e-wallets/cards; 1-3 days for bank transfers
- Withdrawals: 1-2 business days (bank transfers up to 5 days)
- Fees: No deposit fees; minimal withdrawal costs depending on the method.
6. Regulation & Security
- Regulated by: ASIC, FCA, DFSA
- Security Measures:
- Segregated client accounts in Tier‑1 banks
- Negative balance protection
- SSL encryption and two-factor authentication
7. Customer Support
- Availability: 24/5 via live chat, email (su*****@*xi.com), and telephone
- Languages: English, Spanish, Arabic, Chinese, and more.
8. Education & Research
- Resources: Webinars, video tutorials, daily market analysis, and the Axi Academy
- Tools: Demo accounts and AI-driven PsyQuation analytics.
9. Bonuses & Promotions
Generally minimal for regulated clients; offshore entities may offer deposit bonuses and cashback programs with clear T&Cs.
10. User Experience & Reputation
Strengths
- Smooth MT4 experience
- Fast execution and reliable withdrawal processing
Weaknesses
- Limited to MT4 (no MT5 or cTrader)
- Fewer asset classes (no stocks or ETFs)
11. Pros & Cons Summary
Pros:
- Strong regulation (ASIC, FCA, DFSA)
- ECN-like execution with 0.0 pip spreads on select accounts
- No deposit/withdrawal fees
- Advanced trading tools (including AI analytics)
Cons:
- No support for MT5 or cTrader
- Limited range of tradable assets
12. Final Verdict & Rating
AXI is an excellent forex broker for traders who value tight spreads and robust regulatory protection. It is best suited for serious traders focused on forex and CFD trading.
Category
Rating
Regulation & Security
Trading Conditions
Platforms & Tools
Deposits & Withdrawals
Education & Research
Customer Support
Overall Score
4.6 / 5
Recommended For:
Scalpers, day traders, and algorithmic traders looking for low spreads and strong regulation.