Overview
Axi Select is a free capital allocation program designed to support traders in their journey to becoming professional traders. The program offers funding up to $1 million USD without any registration or membership fees. Traders progress through six stages, with performance measured by an ‘Edge score’ that assesses skill, risk management, and consistency.
Evaluation Model
Axi Select’s evaluation is based on a trader’s performance, quantified by the Edge score. Traders start in the Seed stage and can advance through Incubation, Acceleration, Pro, Pro 500, and Pro M stages. Advancement depends on meeting specific criteria, including profit targets and maintaining drawdown limits.
Profit Split
Traders in the Axi Select program can earn up to 90% of the profits generated. The profit share percentage increases as traders progress through the program stages.
Payments & Withdrawals
Withdrawals can be made through the Axi Client Portal. It’s important to note that initiating a withdrawal may impact the Allocation Account and could affect profit sharing for that period.
Regulation & Security
Axi is a brand of AxiCorp Financial Services Pty Ltd, which is authorized and regulated by the Australian Securities & Investments Commission (ASIC) under AFSL number 318232.
Maximum Funded Capital
Traders can receive funding up to $1,000,000 USD as they progress through the Axi Select program stages.
Drawdown Rules
Axi Select enforces a maximum drawdown limit of 10%. Exceeding this limit may result in entering a ‘quarantine’ status, affecting the trader’s progression in the program.
Trading Platforms
Axi offers multiple trading platforms, including MetaTrader 4 (MT4) for desktop and mobile, MT4 WebTrader for browser-based trading, and the Axi Trading Platform (ATP) mobile app.
Scaling Plan
The program’s structure allows traders to scale their funding as they advance through the stages, with increased profit-sharing percentages and capital allocation.
Payout Process
Profit payouts are processed monthly. To be eligible, the Allocation Account balance must be higher than the original funding amount at the end of the calendar month, and there should be no open positions.
Available Trading Instruments
Traders can access a variety of instruments, including:
- Forex pairs
- Indices
- Commodities
- Cryptocurrencies (Bitcoin and Ethereum)
- Selected equities (e.g., Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, Tesla)
Profit Target
Profit targets are set at each stage of the program. For example, in the Acceleration stage, the profit target is 5%.
Account Sizes
Account sizes vary depending on the stage within the Axi Select program, with funding increasing as traders progress.
Category
Rating (Out of 10)
Prop Firm Overview
9.0
Evaluation Model
8.5
Profit Split
9.0
Payments & Withdrawals
8.0
Regulation & Security
9.5
Maximum Funded Capital
9.0
Drawdown Rules
8.5
Trading Platforms
9.0
Scaling Plan
8.5
Payout Process
8.0
Available Instruments
8.5
Account Sizes
8.5
Profit Targets
8.0
Overall Score
8.7
Final Verdict
Axi Select offers a compelling opportunity for traders seeking to scale their trading careers without upfront costs. With a structured progression system, generous profit-sharing, and substantial funding potential, it stands out as a reputable and supportive prop trading program.