| Updated: November 1, 2024Established in 2007 in Sydney, Axi is a leading trading platform created by traders for traders. With more than ten years of experience on the global financial scene, the platform has consolidated its position as the largest Forex broker in Australia.
The year 2012 saw the launch of Axi’s London branch. According to the leading financial industry research company Investment Trends, Axi was the most recommended Forex trading website in Australia in 2013.
The online trading platform is owned and managed by AxiCorp Financial Services Pty Limited, a company which is incorporated in St. Vincent and the Grenadines, a multi-island country located in the southern Caribbean region. Over the years following its launch, the platform has won numerous accolades for excellence, including the Investment Trends award for the Highest Overall Client Satisfaction in 2017.
Axi provides traders with round-the-clock access to the MetaTrader 4 platform that is accessible across all major mobile and desktop devices. Users will benefit from as many as 80 currency pairs, automated trading, and a free download. The platform is available in nine different languages, including English, Russian, Chinese, and Spanish, and offers some of the lowest spreads traders can hope for.
Regulations
Axi is owned and operated by a company called AxiCorp Financial Services Pty Limited, which, in turn, is registered in Saint Vincent and the Grenadines. The company has launched branches in many different territories, including the United Kingdom, China, Latin America, Germany, the Middle East, New Zealand, and Asia.
Axi is a member of the Financial Commission, which is an independent entity that deals with external dispute resolution. Part of its job is to guarantee the quick, effective, and impartial resolution of trader-broker disputes. However, this entity is not registered or regulated under the laws of a specific jurisdiction.
The trading services provided by Axi are overseen individually by the financial regulators of the respective countries the platform is available in. Thus, its operations in the United Kingdom (est. 2012) are subject to the regulations of the Financial Conduct Authority (FCA).
As was mentioned earlier, this is one of the most popular trading platforms Down Under, so understandably, its operations in this jurisdiction are licensed by the Australian Securities and Investments Commission (ASIC).
The company also has a branch in Dubai where it is regulated by the Dubai Financial Services Authority (DFSA). The platform is open to traders from New Zealand under a license granted by the local Financial Markets Authority (FMA).
Trading Instruments
AxiTrader gives you the opportunity to choose from different trading instruments, including Forex, commodities, and stock indices. This is possible via the world’s most widespread trading platform, MetaTrader 4. Traders will benefit from very thin spreads on many different currency pairs, 80 to be exact. Below, we feature brief descriptions of each instrument the platform has to offer.Forex Trading
Since this platform was created by Forex traders, it is only natural for it to offer Forex trading to its clients. At AxiTrader, traders are presented with all the features they could possibly need. There, you have a choice from a broad range of 80 currency pairs, including widely used currencies like GBP, USD, EUR, and JPY. The platform boasts liquidity from fourteen of the biggest banks on a global scale.
Registered clients have access to Forex trading around the clock, with no limitations in regard to their skill, level of knowledge, and geographical location. The platform enables you to keep your costs on the low thanks to its competitive spreads, some of which are as low as 0.0 pips.
Here, clients can trade with leverage of up to 500:1 but this ratio may vary depending on your country and its local financial regulations. The platform also offers swap rates for margin Forex contracts. Last but not least, AxiTrader is among the biggest providers of Forex trading in the world. In 2016, the company boasted a trading volume of over $100 billion per month.
Gold and Silver CFD Trading
Precious metals have long been considered the most valuable form of currency, so it only makes sense for a major broker platform like AxiTrader to offer Contracts for Differences (CFDs) for such commodities. With CFDs, traders get the chance to speculate on the rise and fall of prices for fluctuating financial instruments like stocks, currencies, and commodities.
Where precious metals are concerned, AxiTrader allows you to benefit from CFDs for gold and silver. Here you can trade via the familiar MetaTrader 4 platform in the same fashion you would trade currencies.
You are not required to purchase a specific physical quantity of the precious metal you are interested in trading. You simply speculate on the price movements of such commodities and can potentially turn a profit regardless of whether said prices go up or down.
The margins for precious metal CFDs are as low as 1% at AxiTrader, so your exposure to risk remains minimal. You can further exercise control over your risk with the help of the flexible leverages the platform offers.
Oil CFD Trading
One more option for registered clients of this platform is to trade with crude oil, which is yet another valuable commodity on a global scale. There are plenty of benefits to oil trading via this platform.
These include low margins (1%), the absence of brokerage fees for standard AxiTrader accounts, very competitive spreads, and access to detailed charts and reports that can assist you with your analysis. The platform provides real-time pricing on major contracts on Brent Crude and the West Texas Intermediate.
Trading crude oil CFDs via the AxiTrader platform is a great way to diversify your trading portfolio and manage your risk with a proper strategy. You will also be able to benefit from leverage. This enables you to potentially generate more significant profits with a small amount of capital.
Keep in mind that crude oils are a very volatile category of commodities. Their prices depend on a variety of factors including but not limited to global supply and demand, complex political situations in oil-rich countries, and the production of alternative fuels.
Indices CFD Trading
CFD trading with indices is another interesting investment opportunity for clients of AxiTrader. This involves a higher degree of uncertainty but if you know what you are doing, you can generate high profits with a relatively small investment. However, you should also be aware this is a volatile investment path where the losses you incur can sometimes exceed the balance of your account.
Nevertheless, AxiTrader gives seasoned traders looking to trade stock indices the benefit of real-time pricing that is connected to the performance of the stock market. Here you will have the option to trade in whichever direction the market fluctuates. The margins are again very low at 1% while the flexible leverage enables you to better control your risk level.
The spreads are also low, which allows you to secure a profit even if the movements in the prices are small. The platform trades with all major stock market indices, including the Dow, the Financial Times Stock Exchange, and the S&P 500 Index.
Bitcoin CFD Trading
AxiTrader gives you the chance to try your hand at CFD trading with the currency pair BTC/USD. The trades for the Bitcoin cryptocurrency BTC have minimum and maximum lots of 1 and 10, with a single lot equaling 1 BTC.
Traders who choose this instrument are granted the option to use margins as well, which enables them to buy or sell up to five times more BTCs than the amount they have originally invested. Margin requirements for this form of CFD trading start at 80%, with trading sessions beginning each Monday at 00:01 and ending on Fridays at 23:58.
There is one more thing to keep in mind before you diversify your trading portfolio with Bitcoin CFDs. Being a cryptocurrency, Bitcoin is decentralized meaning that it is not controlled by a specific banking institution or interbank dealers.
Because of this, the cryptocurrency is subject to considerable swings in prices. This puts traders, especially unseasoned ones, in a very volatile position because they risk losing their entire investments (sometimes even more than that).
Share CFD Trading
Customers of the brokerage can trade the world’s most popular stocks commission-free without owning any shares in the respective companies. Contracts for difference are available for the stocks of 50 leading companies on the European and US markets, including Vodafone, Tesla, Microsoft, Apple, Tesco, Adidas, Netflix, Siemens, and Amazon. Axi gives stock traders the flexibility to go long and short, allowing them to generate profits both from rising and declining stock prices.
Customers can increase their exposure by leveraging their stock positions at a maximum ratio of 20:1. Traders looking to dabble in stock CFD trading will benefit from highly competitive pricing and zero commissions. The minimum trading size for stock CFDs amounts to 1 share for US and European stocks and 100 shares for UK stocks. Axi has set the minimum margin requirements for share CFD trading at 5%.
Soft Commodities Trading
Axi customers get the chance to dabble in soft commodity trading via contracts for difference. Apart from gold, silver, and oil, traders can invest in CFDs for various soft commodities like coffee, cocoa, and soybeans. Soft commodity traders can open long and short positions with sharp spreads and leverage them up to a maximum of 100:1.
The margins for trading on price movements for these agricultural products are incredibly low here at 1%. However, the spreads on standard accounts fluctuate, depending on what goods one is trading with. Axi advertises indicative spreads of 7 pips for cocoa, 30 pips for coffee, and 12.5 pips for soybeans. The minimum contract size for all available soft commodities is fixed at 0.01 lots, whereas the maximum is set at 2 lots for cocoa, 5 lots for coffee, and 10 lots for soybeans.
Trading Platforms
 Platforms |
 PC / MAC |
 Smartphones |
 Tablets |
|---|---|---|---|
| MetaTrader 4 |   |   | |
| Meta Trader Mobile | | | |
| Meta Trader 4 Mobile | | | |
| Meta Trader Web | | | |
Axi relies on the third-party platform MetaTrader 4 (MT4), developed by the Russian company MetaQuotes Software. This enables clients to trade across a wide range of devices including Mac computers, iPhones, and Android-based smartphones and tablets.
MetaTrader 4 for PC and Mac
MetaTrader 4 for PC and Mac is a highly flexible piece of software that gives you full control of your trading experience at Axi. The download and the set-up of the software are entirely free of charge.
Those who install it can take advantage of spreads that start at zero pips in some cases. They will also benefit from competitive swap rates and the absence of any monthly usage fees, whatsoever. Using MetaTrader 4 with Axi gives you access to north of 150 assets across a varied range of financial markets, with all trades being executed at a lightning-fast speed.
The desktop version supports a variety of great features, including compatibility with third-party expert advisors. This function allows you to automate your trading experience.
Traders also have the option to install the MetaTrader 4 NexGen as an extra add-on. This comes with a great number of additional features, giving you instant access to various advanced management tools.
For example, the correlation trader gives you the chance to spot new trading opportunities and reduce money management errors. You will also benefit from an alarm manager and a sentiment indicator. The latter gives you valuable insights into the latest live market trends. You can see what fellow traders are buying or selling.
Another useful functionality is the MetaTrader 4 Forex Trading Signals tool. Armed with this tool, customers of Axi can save the trading strategies of thousands of fellow traders and place trades automatically. You can deactivate a trade anytime you want.
The feature allows for round-the-clock trading even when traders are away from their trading terminal. You can keep track of multiple traders to learn new trading strategies and spread your capital. Those who already have experience with trading can share their own strategies with millions of MT4 users around the world.
MT4 WebTrader
Then there is the MT4 WebTrader which is a lightweight version of the downloadable software that gives you instant in-browser access to your Axi account regardless of what device you use. To start using this, you need to set up an account if you have not done so already.
The in-browser version gives you more flexibility, not to mention it features a full market coverage of a variety of trading instruments, including Forex, stock indices, and commodity CFDs. You also get access to instant quotes in real time.
Android and iOS Trading
Axi clients can trade on the fly thanks to the native MetaTrader 4 mobile applications for Android and iOS. This gives you full control over your Axi trading account and allows you to stay up-to-date with the latest market trends.
The mobile version of the MT4 software comes with a variety of useful features including algorithmic trading, real-time quotes, live chat support, and the option to copy trades from other customers via the trading signals functionality.
The app also enables you to make better-informed decisions when trading. It presents you with different customizable candlestick and pie charts. The mobile version is rather simple to use but if you experience any difficulties, you can always reach out to the live chat support.
You can download your app directly from the Axi site. If you are new to this trading platform, they will prompt you to sign up for free. Do not worry about the personal data you fill in, the information transmission is encrypted with SSL.
Axi Copy Trading
Axi and Pelican Exchange Limited have jointly developed a dedicated copy trading app customers can download for free from Google Play or the App Store. The app enables users to identify and automatically duplicate the positions of versed traders from around the world in real time. Once they download and install the app, customers must link it to their existing MetaTrader 4 accounts.
For this purpose, they must set up a profile within the app that is separate from their main account with the brokerage. They can then start filtering the traders they want to follow and mimic based on different criteria like types of assets traded, risk tolerance level, and profitability. App users can also choose to become signal providers themselves so that other customers can follow and copy their trades.
Payment Methods
At Axi, customers have a choice from a healthy range of banking options they can use to deposit and withdraw. You can fund your account with debit/credit cards by Visa, Maestro, JCB, and Mastercard, Skrill, Neteller, bank transfers, and broker-to-broker money transfers.
It is worthwhile mentioning that the use of some of the available payment solutions is restricted only to specific countries Axi services. For example, Australian customers can use BPay or the Global Collect payment service while those based in China can top up their accounts with China UnionPay.
The time it takes to fund your account depends on the method you utilize. If you are looking for time efficiency, we suggest you implement a card or one of the supported e-wallets. Deposits with these take place in real time.
In comparison, customers who use the bank transfers, broker-to-broker transfers or Global Collect will have to wait between 3 and 5 business days, sometimes even longer. Deposits conducted with UnionPay take between 1 and 3 business days.
Most of these solutions, bar Skrill, are available for withdrawals as well. One word of caution, though. Before you submit a withdrawal request, you must ensure you have enough money left in your remaining balance, particularly if you have any open trading positions. If not, your existing trades will be closed down.
As for additional costs, bear in mind that Axi does not charge extra for depositing or withdrawing from your account. You will, however, pay a commission for aggregation and clearing costs if you hold a Pro Account. The exact amount varies depending on currency. You can set up an Axi account in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD or USD.
| Brand | Minimum | Fees | Processing Time |
 | $1 | No Fees | Withun 48 hours |
 | $1 | No Fees | Withun 48 hours |
 | $1 | No Fees | For local payments within 48 hours / For international payments 3-5 business days but may take longer |
 | $1 | No Fees | Withun 48 hours |
 | $1 | No Fees | Deposits received from Skrill are returned to client Bank accounts |
 | $1 | No Fees | Withun 48 hours |
 | $1 | No Fees | Withun 48 hours |
 | $1 | No Fees | Withun 48 hours |
 | $1 | No Fees | 1-3 business days |
 | $1 | No Fees | Within 48 hours |
| Brand | Minimum | Fees | Processing Time |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
| - | No Fees | 2 business days |
Account Types
At Axi, prospective customers are presented with a choice from several account types. Those who are completely new to this trading platform are granted the option to set up a free demo account. Versed traders can choose from standard, professional, and elite accounts, all of which are entirely free to set up. Each type of live account has a distinctive minimum spread and minimum deposit requirement. Customers who cannot dabble in interest due to their religious beliefs are granted the option to register swap-free Islamic accounts.
Axi Demo Account
Traders can use their demo accounts for a period of 30 days to test the platform and familiarize themselves with its features. For this purpose, Axi will give them a starting cash balance of $50,000. The balance is virtual, of course.
This only replicates the experience you get in the live trading environment. Nevertheless, it is still very useful, especially if you are a newbie, because it helps you get started with the MetaTrader 4 software. The demo account gives you access to real-time spreads and execution speeds without exposing any of your actual capital at risk.
You can experiment with different financial instruments including currencies, CFDs for stock indices, and commodities like gold or crude oil. Traders new to the platform have a choice between standard and pro demo accounts, which mirror the exact experience of live standard and pro accounts.
Standard and Professional Accounts
Seasoned traders who are already well-versed in working with the MT4 software can set up a live account for free. They have a choice from standard and professional accounts. Both have no set-up costs but there are some differences concerning commissions and spreads.
Unlike the standard version where spreads start at 0.4 pips, the spread for professional accounts is practically zero. Either way, you are facing a minimum trade size of 0.01 lots and the option for automated trading. Those who hold live accounts can trade with five decimal digit pricing. The leverage for both types of live accounts is 500:1.
In both cases, there are no minimum deposit requirements and account holders have access to the same range of trading instruments, including forex pairs and commodity CFDs. One chief difference between the two is that standard accounts do not incur any commissions. This is not the case with professional accounts where customers are charged a flat round-trip commission amounting to $7 per one standard trading lot.
Axi Elite Account
Elite accounts are suitable for VIP customers who are looking to execute high-volume trades with reduced commissions and at lower spreads starting at zero pips. Top-tier customers can set up their elite accounts in one of four base currencies (EUR, AUD, USD, GBP) provided they meet the minimum balance requirement of $25,000. They will benefit from lightning-fast execution speeds, flexible leverage of up to 500:1, and raw spreads.
Elite accounts offer several premium features that can potentially enhance the performance of traders. Account holders gain access to exclusive indicators, in-depth market analysis, and VPS hosting services that are otherwise unavailable to regular customers. Elite account holders can further hone their skills by participating in webinars that teach them new advanced trading strategies. Customers who qualify for elite accounts also have access to round-the-clock multilingual customer support service
Islamic Trading Accounts
Traders who profess the Islamic faith are granted the option to open swap-free Islamic accounts where no interest is paid or earned from their trades. Customers can select this option during the normal registration process. Setting up an Islamic account is not associated with any additional costs but requires upfront approval from the Axi team.
Approved traders are then issued a special trading notice that outlines the general conditions of swap-free trading with Axi. Islamic accounts are routinely monitored to ensure account holders are using them as intended. Opening a swap-free elite account is also an option for large-scale traders looking to invest with zero interest but the USD is the only available base currency in this case.
Support
Axi provides a competent support service available via live chat, telephone, and email. The chat is the easiest way to communicate with the support staff in real time. To start a conversation, you first need to select whether or not you have an MT4 account and provide your names.
If you already are an MT4 user, they will ask you to type in the number of your MT4 account. Then you must choose the subject of your inquiry, i.e. whether it concerns withdrawals, deposits, trading, updating your account, and so on.
The support staff is at your disposal around the clock Monday through Friday. Another option is to call them over the telephone. Axi provides several phone lines for this purpose:
- Australia – 1300 888 936
- The United Kingdom – 44 203 544 9646
- Germany – 0800 7244085
- China – 400 057 9816
- Hong Kong – 800 903 578
- New Zealand – 0800 480 404
- Indonesia – 00180 03016 4060
- Singapore – 800 120 6765
- Malaysia – 1800 81 6529
- Spain – 001800 1206 64622
All numbers listed above are toll-free. If you wish, you can also use the international support line. The number for this is +61 2 9965 5830. Communication via email is also possible. You can drop the support staff a few lines at service@Axi.com.
Conclusion
Axi is an established platform that attracts the attention of traders worldwide with its competitive pricing, low spreads, and vast range of currency pairs. Customers have a choice from two types of live accounts, standard and professional. Setting up a 30-day free demo account is also possible. The brand is overseen by major regulators like FCA and Australia’s ASIC, so you can rest assured your capital is in good hands.