Axi Review 2026
The Scorecard
Quick Take on Axi
Founded in 2007, Axi operates as an STP/ECN broker regulated by tier-1 authorities, including the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Its account lineup pairs spread-only pricing with commission-based ECN alternatives, supported by a $0 minimum deposit requirement on baseline accounts.
Trading architecture revolves around MetaTrader 4 and MetaTrader 5, supplemented by Axi's proprietary platform, copy trading apps, direct API access, and automated trading tools. Key policies to consider include account inactivity fees, jurisdiction-specific leverage caps, and a strict ban on scalping within the proprietary Axi Select capital allocation program.
Pros and Cons
pros
- Regulated by tier-1 authorities, including the FCA and ASIC, with segregated client accounts.
- $0 minimum deposit requirement on Standard accounts.
- Algorithmic support including API trading, MT4/MT5 platforms, and VPS hosting.
- Fee-free deposits and withdrawals across all supported payment methods.
cons
- Scalping is prohibited on Axi Select capital allocation accounts.
- Negative balance protection applies only to retail clients in specific regions, such as the UK and Europe.
- Inactivity fees apply to dormant accounts.
- Hedging is unavailable on the proprietary Axi platform, where opposing orders net out automatically.
Axi Review Summary
| Broker Type | STP/ECN |
|---|---|
| Regulation | ASIC, FCA, DFSA, FMA, CySEC, VFSC, FSA |
| Minimum Deposit | $0 |
| Maximum Leverage | 500 |
| Platforms | Axi Trading Platform, MetaTrader 4, MetaTrader WebTrader, MetaTrader 5, Copy Trading App |
| Markets | Forex Pairs, Commodities, Indices, Stocks |
Can You Trust Axi?
4.8/5Who Regulates Axi?
Axi operates under regulatory oversight from several jurisdictions. Its regulated entities include authorisations with the Financial Conduct Authority (FCA) in the United Kingdom (licence number 06050593), the Australian Securities and Investments Commission (ASIC), the Dubai Financial Services Authority (DFSA), the Financial Markets Authority (FMA) in New Zealand, and the Cyprus Securities and Exchange Commission (CySEC). Offshore operations are supervised under the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and the Vanuatu Financial Services Commission (VFSC).
How Your Money Is Protected
Client funds are segregated from company operational capital in separate bank accounts held at tier-one banking institutions, preventing client balances from being utilized for corporate obligations or broker liabilities. Negative balance protection is provided to retail clients under jurisdictions governed by the FCA and CySEC, ensuring losses cannot exceed deposited funds. However, negative balance protection is forfeited by professional and Elite account classifications, and does not apply to non-UK or non-EU offshore jurisdictions. Retail clients under eligible regulatory entities also maintain access to investor compensation schemes.
Company Background and Track Record
Axi was founded in 2007 (formerly known as AxiTrader) as an Australian online brokerage and is privately held, with its corporate headquarters located at Level 13, 73 Miller Street, North Sydney, Australia, alongside an operational presence in the United Kingdom. Over its operational track record spanning more than fifteen years, Axi has evolved into an STP/ECN provider that serves retail, corporate, and prop-trading clients internationally.
Axi Fees Explained
3.2/5Trading Costs
Axi applies two distinct pricing structures depending on the account type selected. On the Standard account, trading costs are built entirely into floating spreads with $0 commission. The Pro and Elite accounts charge raw floating spreads with a separate round-turn commission of $7.00 and $3.50 per lot respectively. Spreads on floating instruments vary based on market liquidity and asset class.
| Asset | Typical Spread | Commission | Estimated Trading Cost |
|---|---|---|---|
| EUR/USD | 1.1 pips | $0 (Standard) / $7.00 per lot (Pro) | $11.00 (Standard) / Depends on position size (Pro) |
| Gold | 0.13 points | $0 (Standard) / $7.00 per lot (Pro) | $13.00 (Standard) / Depends on position size (Pro) |
| S&P 500 | 0.29 points | $0 (Standard) / $7.00 per lot (Pro) | $0.29 (Standard) / Depends on position size (Pro) |
Non-Trading Fees
Deposit Fees
Axi charges $0 in deposit fees across all supported payment channels, including credit cards, e-wallets, bank wires, and cryptocurrencies.
Withdrawal Fees
Axi levies $0 in withdrawal fees on outgoing transfers. However, third-party payment processors or corresponding banking institutions may enforce their own transactional charges independently.
Inactivity Fees
Axi enforces an inactivity fee on accounts that remain dormant without active trading over an extended duration.
Overnight Financing
Leveraged positions held past the daily market close (5:00 PM New York time) incur overnight financing swap charges. Swaps are calculated based on interest rate differentials and leverage, reflecting either a debit or credit. Triple swap rates apply on Wednesdays or Thursdays to account for weekend settlement. Swap-free Islamic accounts are available for eligible traders to eliminate overnight interest.
Currency Conversion Charges
If funds are deposited, withdrawn, or traded in a currency that differs from the base currency of the account, Axi applies a currency conversion fee consisting of the liquidity provider exchange rate plus a markup.
Accounts Available at Axi
4.3/5Standard Account
The Standard Account is designed for general retail trading, requiring a $0 minimum deposit. It operates on a spread-only pricing model with $0 commission, where the broker's margin is incorporated into the floating spread. The account supports trading across desktop, web, and mobile platforms in base currencies including GBP, EUR, USD, CHF, and PLN.
Pro Account
The Pro Account is structured for volume and lower-spread requirements, carrying a $500 minimum deposit. It provides raw ECN spreads starting from 0 pips alongside a round-trip commission of $7.00 per standard lot ($3.50 per side). It uses the same base currencies and platforms as the Standard tier.
Elite Account
The Elite Account targets high-volume and institutional traders, establishing an entry threshold of $25,000. It provides raw spreads starting at 0 pips with a discounted round-turn commission of approximately $3.50 per standard lot, alongside dedicated client support and eligibility for free VPS hosting.
Professional Account
The Professional Account caters to qualifying experienced traders under regulated jurisdictions such as the FCA and ASIC. It enables access to leverage above retail caps, reaching up to 1:500, but waives standard retail safeguards such as negative balance protection.
Spread Betting Account
The Spread Betting Account allows tax-free derivative trading on financial markets specifically for eligible residents in the United Kingdom. Pricing follows standard floating spread parameters without commission per transaction.
Account Comparison
| Feature | Standard | Pro | Elite | Professional | Spread Betting |
|---|---|---|---|---|---|
| Minimum Deposit | $0 | $500 | $25,000 | $0 | $0 |
| Spreads From | 1.1 pips | 0 pips | 0 pips | 0 pips | 1.1 pips |
| Commission | $0 | $7.00 round-turn | $3.50 round-turn | $7.00 round-turn | $0 |
| Platforms | MT4, MT5, Axi Web/Mobile | MT4, MT5, Axi Web/Mobile | MT4, MT5, Axi Web/Mobile | MT4, MT5, Axi Web/Mobile | MT4, MT5, Axi Web/Mobile |
| Best Suited To | Discretionary retail traders | Active and day traders | High-volume traders | Qualified high-leverage traders | UK tax-conscious traders |
Trading Platforms and Technology
5.0/5Axi Trading Platform
The proprietary Axi Trading Platform is accessible via web browsers and mobile devices. It is integrated directly with the Axi Select capital allocation program and includes native capabilities for trading Crypto Perpetual Futures and accessing social copy trading functions. Hedging is restricted on this platform, meaning opposite orders in the same asset automatically net off.
MetaTrader 4
Axi supports MetaTrader 4 (MT4) across desktop, web, and mobile operating systems. MT4 serves as the primary infrastructure for Axi's algorithmic trading, Expert Advisors (EAs), API connections, and copy trading integration, delivering full support for hedging strategies.
MetaTrader 5
MetaTrader 5 (MT5) provides multi-asset trading functionality, advanced charting indicators, and expanded analytical timeframes. It supports both hedging and automated trading frameworks, complementing Axi's MT4 environment.
MetaTrader WebTrader
MetaTrader WebTrader delivers browser-based market execution without requiring software downloads. It facilitates order placement, real-time charting, and balance management directly through modern web browsers while maintaining server-level synchronization.
Copy Trading App
The dedicated Axi Copy Trading app allows users to link their live MT4 accounts to discover and replicate verified global signal providers. Traders can filter strategies by profitability and risk parameters, set drawdown limits and soft stops, or register as signal providers to earn performance fees.
Mobile Trading
Mobile access is supported across iOS and Android via the proprietary Axi app, MetaTrader 4, MetaTrader 5, and the Axi Copy Trading application. These apps allow live portfolio monitoring, chart analysis, order modification, and signal management.
Execution and Trading Tools
Axi operates an STP/ECN execution model with order routing speeds running under 50 milliseconds on optimized network routes. Trading tools include an integrated Economic Calendar, market news portal, and third-party Forex VPS hosting through partners such as ForexVPS and FXVM. VPS hosting is provided free to Elite account holders or clients trading at least 20 lots per calendar month.
Algorithmic and Copy Trading
Algorithmic trading is fully supported via MT4 Expert Advisors, TradingView webhook integrations, and direct API trading connectivity on MT4 infrastructure for low-latency automated models. Social and copy trading are separate features managed specifically through the dedicated Axi Copy Trading application.
Markets You Can Trade
2.7/5Axi provides Contracts for Difference (CFDs) and derivative instruments covering currencies, shares, indices, and commodities. Market availability and maximum leverage are defined by account entity and local regulatory jurisdictions.
| Market | Instruments Available | Maximum Leverage | Minimum Trade Size | Key Restrictions |
|---|---|---|---|---|
| Forex | Major, minor, and exotic currency pairs (CFDs) | 1:500 (Offshore) / 1:30 (FCA/ASIC) | 0.01 lots | Leverage capped at 1:30 for retail accounts in FCA and ASIC regions. |
| Stocks | Single-stock equity CFDs | 1:5 | 0.01 lots | CFD instruments only; no direct equity ownership or voting rights. |
| Indices | Global cash and futures index CFDs | 1:200 (Offshore) / 1:20 (FCA/ASIC) | 0.01 lots | Margin requirements adjust based on regional regulatory jurisdiction. |
| Commodities | Energies, metals, and agricultural CFDs | 1:200 (Offshore) / 1:20 (FCA/ASIC) | 0.01 lots | Gold leverage capped at 1:20 under FCA/ASIC; up to 1:500 offshore. |
| Cryptocurrencies | Cryptocurrency CFDs and Perpetual Futures | 1:200 (Offshore) / 1:2 (FCA/ASIC) | 0.01 lots | Retail crypto derivatives restricted in certain jurisdictions like the UK. |
Axi also supports spread betting on financial markets for eligible residents of the United Kingdom, offering derivative price exposure without standard capital gains tax obligations.
Leverage, Margin and Risk Controls
Maximum Leverage
Maximum leverage varies according to client regulatory jurisdiction and account type. For retail clients regulated under the FCA (UK) and ASIC (Australia), leverage is limited to 1:30 for major Forex, 1:20 for minor Forex, gold, and major indices, 1:10 for other commodities, 1:5 for equities, and 1:2 for cryptocurrencies. For accounts under AxiTrader Ltd (regulated by the FSA in St. Vincent and the Grenadines), leverage reaches up to 1:500 on Forex (up to 1:1000 on specialized accounts) and up to 1:200 on indices, commodities, and cryptocurrencies.
Margin Calls and Stop-Out Levels
Axi sets its margin call level at 100% of account equity. If equity continues to deteriorate and hits the 50% stop-out level, the platform automatically begins liquidating open positions to mitigate deeper account losses.
Risk Management Tools
Traders have access to standard order-level controls including stop-loss, take-profit, and trailing stop orders. On the Axi Copy Trading application, clients can employ portfolio-level safeguards such as maximum drawdown parameters and soft stop thresholds. Under FCA and CySEC regulations, retail clients benefit from mandatory negative balance protection, whereas professional and non-EU/non-UK offshore accounts do not receive negative balance adjustments.
Deposits and Withdrawals
4.2/5How to Fund Your Account
Axi provides account funding across multiple channels, including Visa, Mastercard, PayPal, Skrill, Neteller, Wire Transfer, Pix, Apple Pay, Google Pay, Bitwallet, AstroPay, and Fasapay, as well as cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Tether. The broker enforces a $0 account deposit minimum, although third-party payment rails apply minimum transactional thresholds: $5 for credit/debit cards, $10 for PayPal, and $50 for cryptocurrency. Deposits made via cards, e-wallets, and crypto reflect instantly, while bank wire transfers generally process within 1 to 5 business days. Axi charges $0 in internal deposit fees.
How Withdrawals Work
Withdrawals can be processed back through original deposit channels, including credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller, PayPal, AstroPay, Fasapay, Pix), and crypto options (Tether, Ethereum, USD Coin, Bitcoin, Bitcoin Cash, Litecoin, Solana, Ripple). Axi charges $0 in broker-side withdrawal fees. Withdrawal requests for cards, e-wallets, and cryptocurrencies are processed within 24 hours, whereas bank wire transfers require between 1 and 5 business days to clear.
Deposit Methods
Withdrawal Methods
Customer Service
3.3/5Ways to Contact Axi
- Support Hours: 24/5 operating schedule
- Live Chat: Available on the Axi website and client portal
- Email: [email protected]
- Telephone / Callback: +44 203 544 9646
- Direct Messaging: WhatsApp channel
- Self-Service: Online Help Centre
- Supported Languages: English, Polish, Spanish, Portuguese, French, Italian, Greek, Arabic
What Customers Say About Axi Support
User feedback on customer service highlights quick response times and courteous handling of account and technical inquiries. Reviewers frequently reference the promptness of the support team during setup and initial deposits. Critical comments are limited, with occasional notes regarding the absence of local walk-in support centers in certain operating regions.
"Axi trading platform is quick This trading platform is quick and efficient. While they don't seem to have call center locally to support when required."
"Very Nice service Quick response Very Nice service Quick response. Professional service"
"Fast response from customer service Fast response from customer service. Great for beginners who want to start with small amount such 10USD."
Research, Analysis and Education
4.1/5Market Research
Axi provides analytical market content through an integrated market news blog and an interactive Axi Economic Calendar. The economic calendar details upcoming financial data releases, historical data, and volatility expectations. News commentary covers daily fundamental developments across currency, commodity, and index markets.
Trading Education
Education is hosted through the Axi Academy, which features structured online trading courses, downloadable eBooks, video tutorials focusing on MetaTrader 4 functionality, and educational articles. Resources cover technical chart analysis, order structuring, risk management concepts, and platform navigation.
Who Is Axi Best For?
Beginners
A zero-dollar minimum deposit on Standard accounts, free demo environments, and structured tutorials through Axi Academy make testing strategies straightforward for new traders. However, customer support operates 24/5, meaning assistance is unavailable over the weekend.
Active Traders
Low raw spreads from 0 pips, round-turn lot commissions of $7.00 on Pro or $3.50 on Elite accounts, and sub-50 millisecond order routing make this pricing structure practical for high-frequency strategies.
Scalpers
Standard MT4, MT5, and TradingView accounts place no restrictions on minimum holding periods or rapid order execution. In contrast, anyone enrolled in the Axi Select capital allocation program is barred from using scalping strategies.
Algorithmic Traders
Automated setups integrate directly through MT4/MT5 Expert Advisors, TradingView webhook signals, and dedicated MT4 API access, with sponsored VPS hosting available once required trading volumes are met.
Experienced Traders
Traders seeking funded accounts can access allocations up to $1,000,000 via Axi Select. Those qualified as elective professionals under FCA or ASIC rules can also trade with leverage up to 1:500, though this classification waives negative balance protection.
Axi vs Other Brokers
| Broker | Minimum Deposit | Platforms | Spread Type | Markets | Best For |
|---|---|---|---|---|---|
| Axi | $0 | Axi Trading Platform, MetaTrader 4, MetaTrader WebTrader, MetaTrader 5, Copy Trading App | Floating | Forex Pairs, Commodities, Indices, Stocks | Axi is a strong fit for active forex and CFD traders focused on low-cost, high-performance execution, especially through MT4, as well as aspiring professionals interested in funding opportunities. |
| Pepperstone | $10 | Pepperstone platform, MetaTrader 4, MetaTrader 5, cTrader, TradingView | Floating | Forex Pairs, Indices, Commodities, Cryptocurrencies, Stocks, ETFs | Pepperstone is a strong fit for active forex and CFD traders who prioritize competitive pricing, a choice of trading platforms, and robust regulatory oversight. |
| IC Markets | $200 | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader | Floating | Forex Pairs, Indices, Commodities, Bonds, Stocks, Cryptocurrencies | IC Markets is particularly relevant to scalpers, algorithmic traders, and high-volume users who place a strong emphasis on keeping spreads low. |
| FP Markets | $100 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Floating | Forex Pairs, Stocks, Indices, Commodities, Bonds, ETFs, Cryptocurrencies | FP Markets is most attractive to active traders and scalpers who prioritize low spreads and access to multiple trading platforms. |
Our Review Methodology
We assess brokers using our methodology, which combines our own data, broker documentation, regulatory records, pricing information, platform analysis, account information, and third-party customer feedback where specifically required. We evaluate areas including safety, trading costs, platforms, market range, accounts, leverage, deposits and withdrawals, customer service, research, education, and suitability for different trading styles. Where possible, important factual claims are checked against primary sources and dated because broker conditions can change.
Our Verdict on Axi
Tier-1 oversight from ASIC and the FCA, zero-deposit entry on standard accounts, and low-latency execution around MT4 and MT5 form the core of Axi's setup. Traders running automated systems, day strategies, or copy-trading accounts will find the direct API options and VPS availability well suited to their technical requirements.
Account terms include several strict operational boundaries. Dormant balances incur inactivity fees, scalping is banned under the Axi Select funded program, and retail negative balance protection does not extend past the UK and EU. For clients whose strategies align with these operational rules and local leverage limits, Axi provides a dependable, cost-efficient trading environment.
Frequently Asked Questions
Is Axi legitimate?
Open file Close fileYes. Axi was established in 2007 and holds licenses from multiple financial authorities, including tier-1 regulators such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
How much money do I need to open an account with Axi?
Open file Close fileAxi requires a $0 minimum deposit for its Standard account. Account tiers with tighter raw pricing require higher balances: $500 for the Pro account and $25,000 for the Elite account.
Does Axi charge commission?
Open file Close fileAxi charges zero commissions on its Standard account, where trading costs are included directly in the spread. The Pro account carries a round-turn commission of approximately $7.00 per standard lot, while the Elite tier reduces this to roughly $3.50 round-turn per lot.
Can I trade with Axi on my phone?
Open file Close fileYes. Mobile trading is supported on iOS and Android devices through the proprietary Axi Trading Platform, MetaTrader 4 and MetaTrader 5 mobile apps, and the standalone Axi Copy Trading app.
Can I use automated trading at Axi?
Open file Close fileYes. Axi supports automated systems through MetaTrader Expert Advisors (EAs), API connectivity over MT4 infrastructure, TradingView webhook alerts, and sponsored VPS hosting packages.
How long does an Axi withdrawal take?
Open file Close fileWithdrawal requests via debit or credit cards, e-wallets, and cryptocurrencies are typically handled within 24 hours. Bank wire transfers usually take between 1 and 5 business days to clear.
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