Axi AU Review 2024

Highlights of Axi AU

Spread fromEURUSD0pips

Trading Assets

Forex Indices Stocks Cryptocurrency Precious Metals Energy Carriers Soft Commodities

Trading Platforms

MetaTrader 4

4/5

More DetailsRegisterTrading CFDs carries high risks. You may lose all invested funds

About Axi AU

Founded in 2006

Countries of registration:

Regulators:

SVGFSAASICNZ FMADFSAFCA

4/5

More Details

RegisterTrading CFDs carries high risks. You may lose all invested funds

Countries of registration:

Regulators:

SVGFSAASICNZ FMADFSAFCA

Trading Assets

ForexIndicesStocksCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities

Trading Platforms

MetaTrader 4

Deposit/withdrawal:

compare Axi AU trading accounts

Axi is a reliable and secure Forex broker, regulated by ASIC in Australia and FMA in New Zealand.

Axi is ideally suited for beginners and intermediate traders seeking simple and intuitive trading solutions, as well as those looking to enhance their skills through educational materials. Experienced traders who prefer a variety of platforms may find Axi less suitable.

Pros and Cons of Axi

Axi AU Broker Overview

Axi was founded in 2007 and has successfully operated in the financial services market for many years. By providing services for trading on the international Forex market and CFD (Contracts for Difference), Axi has become a recognized leader in this field.

Thanks to its experience and constant pursuit of innovation, the company offers optimal conditions for various categories of traders and a wide range of trading instruments. Axi also actively cares for its clients, providing quality technical support and educational materials, allowing traders to enhance their professional level and succeed in the Forex market.

Axi AU Review Summary

How do we evaluate Axi broker? Our assessment is based on a thorough analysis of various aspects of the broker's operation, including trading conditions, customer service quality, platforms, and more. We apply a clear and transparent methodology to provide you with the most accurate and objective picture. You can read our detailed broker evaluation methodology to learn how we approach broker evaluation.

Your trust in us is essential, and we strive to provide you with all the necessary information to make informed trading decisions. Continue reading the review to learn about Axi and determine if it suits your needs and trading strategies.

Legal Entity	Regulator	Review
AxiTrader Limited (AxiTrader) AxiTrader Limited (AxiTrader)	SVGFSA SVGFSA	Axi review
AxiCorp Financial Services Pty Ltd (AFSPL) AxiCorp Financial Services Pty Ltd (AFSPL)	ASIC ASIC NZ FMA NZ FMA	Current review
AxiCorp Financial Services Pty Ltd (DIFC Branch) AxiCorp Financial Services Pty Ltd (DIFC Branch)	DFSA DFSA	—
Axi Financial Services (UK) Axi Financial Services (UK)	FCA FCA	Axi UK review

The reliability and regulation of a Forex broker are among the key factors when choosing a trading partner in financial markets. In the case of Axi, it can be noted that it provides a high level of reliability and complies with many international standards.

Firstly, Axi is regulated by several leading financial authorities, demonstrating its activities' transparency and legality. The company is registered and controlled by Forex regulators such as the FCA (UK), ASIC (Australia), and DFSA (UAE). Having licenses from these bodies means that Axi strictly adheres to international rules and norms, making it a reliable partner for traders.

Secondly, Axi takes all necessary measures to ensure the security of client funds. By regulator requirements, client funds are held in segregated bank accounts, which protects them in case of financial problems at the broker.

Thus, considering the strict regulations and measures to ensure the security of client funds, it can be asserted that Axi is a reliable and proven broker with whom traders can cooperate without fear for their investments.

Opening an account with broker Axi is characterized by a high degree of convenience and transparency. Stages such as registration, choosing the type of account, filling in personal details, and verification are structured and easily manageable, even for novice traders. Verification may take some time, but the process is quick and intuitive.

Registration

Opening an account with broker Axi is divided into several stages, which we will consider in order.

First, fill out an online form on the official Axi website. You must provide basic contact information such as name, surname, email address, and phone number.

Choosing the Type of Account

At the next stage, you will be offered to choose the type of trading account (Standard or PRO - we will consider them below), the currency of the account (USD, EUR, GBP, etc.).

Filling in Personal Data

You must provide detailed information about yourself, including date and country of birth, residential address, nationality, occupation, financial situation (annual income, asset value, etc.), and trading experience (number of years in the market, previous results, etc.).

Verification

To verify your Axi account, you must provide copies of documents such as a passport or driver's license. Verification may take some time; your account will be activated once it is completed.

Application for Account Opening

After successful verification, you can apply for a trading account opening. Usually, this process is quick, and after the account is opened, you can make your first deposit and start trading.

Opening an account with Axi broker is designed for maximum convenience for clients and should not cause difficulties even for newcomers to the Forex market.

Minimum Deposit

Each deposit method at the broker has its minimum deposit amount. This information is detailed in the "Account Funding and Withdrawal" section, listing the minimum deposit amounts for each available payment method.

It is essential to consider that your account balance must be sufficient to cover the required margins of your trades. This is a necessary aspect of risk management and maintaining stable trading capital.

The broker-recommended amount for account funding is at least 200 AU dollars. Such a deposit size allows for proper flexibility in position management and can serve as an optimal starting capital for most traders.

Axi offers a variety of trading account types, from standard accounts ideally suited for beginner traders to professional accounts for experienced traders, as well as specialized accounts, such as Islamic accounts and opportunities for copy trading and MAM/PAMM accounts. However, it should be noted that the absence of fixed spread and cent accounts could further enhance the flexibility and diversity of the services offered. This variety provides a wide choice for traders with different experiences and needs. Still, a small gap in the account offerings slightly limits the full potential for specific categories of traders.

Trading Accounts

Broker Axi presents several trading accounts designed for different categories of traders to meet their trading needs and preferences.

1. Standard. This account type is suitable for most traders, especially beginners. The standard account offers comfortable trading conditions with access to all major trading instruments.

2. Pro. This trading account is intended for experienced traders looking for more favourable trading conditions with lower spreads and faster order execution.

3. Elite. Designed for professional traders, the Elite account features increased maximum leverage, making it unsuitable for retail traders. This account is tailored for those who require advanced trading capabilities and higher risk tolerance.

The choice of account type depends on the trader's experience, preferences, and financial capabilities. Thanks to the wide range of accounts offered, every trader can find a suitable option with broker Axi.

Axi Wholesale status

AXI recognizes the unique needs of experienced traders, seasoned professionals, and institutions. To cater to these specialized requirements, AXI offers the opportunity to apply for Wholesale Status, granting access to the Axi Elite accounts with a range of premium features and enhanced trading conditions.

Key benefits of Axi Wholesale status

1. Premium savings. Traders can enjoy 50% lower trading commissions and benefit from ultra-low spreads at 0.0 pips.

2. Superior leverage. Offers the potential to leverage trades up to 400:1, providing greater scope for trading strategies.

3. VIP advantage. Access to advanced tools like MT4 NextGen, VIP charts from Autochartist, complimentary VPS hosting service, and priority support.

Eligibility for Axi Wholesale account

To qualify, one must meet one of the following criteria sets:

• Income/Wealth test (Wholesale client). Either net assets of at least $A2.5 million or a gross income of at least $250,000 for the last two financial years.

• Sophisticated investor test. Satisfy conditions like extensive trading experience (minimum 20 trades per quarter for any 4 quarters in the last 3 years with a minimum of $500,000 notional value) or work experience (minimum one year in a financial sector role requiring knowledge of transactions/services provided by Axi). Also includes passing a Sophisticated Investor Exam.

• Professional investor test. Meet requirements under section 9 of the Corporations Act, such as being an Australian Financial Service Licensee, controlling at least $10 million in gross assets, or equivalent qualifications for foreign entities.

Demo Account

Broker Axi offers its clients the opportunity to open a demo account to familiarize themselves with the trading platform and the trading features without risking their funds. The demo account is active for 30 days and is provided with virtual capital of $50,000, allowing traders to test various strategies and tools in practice.

Islamic Account

For traders adhering to Islamic principles, Axi offers a particular Swap-Free account, on which no swaps are charged for carrying over a position to the next day. The other trading conditions on the Islamic account are similar to the standard account.

MAM accounts

MAM (Multi-Account Manager) accounts are innovative solutions the broker Axi offers. These accounts allow experienced traders and managers to manage unlimited client accounts using advanced software products and integrated solutions.

MAM accounts are aimed at professional traders who wish to manage portfolios of various clients.

Benefits of MAM accounts

• Rewards. Set your commissions and manage an unlimited number of accounts.
• Scalability. Integration with MT4 and innovative KeySoft software.
• Growth. Professional support and money management skills development.
• Flexibility. Six different trade allocation methods to meet the needs of various clients.

VPS Hosting

Axi offers its clients a Forex VPS hosting service through third-party providers. This service ensures continuous operation of the trading platform 24/7, eliminating issues with technological failures or connection problems.

VPS Providers on Axi

Axi collaborates with various VPS providers to ensure high-quality services:

• FOREXVPS. Fast trading thanks to SSD drives located in New York, with 24/7 support and a 100% uptime guarantee.
• MetaTrader VPS. Affordable cloud hosting with seven global servers for low-latency connections.
• Commercial Network Services (CNS). Multilingual support and high security with two-factor authentication, starting at $35 monthly.
• BeeksFX VPS. Banking infrastructure for retail traders, including direct fibre optic connections.

Axi's trading commissions are in line with industry averages. In addition, the inactivity fee is also a common practice among brokers. Thus, Axi's commission structures can be considered acceptable for most traders but do not stand out as particularly advantageous or offer low market rates.

Trading Commissions

Trading commissions include various expenses such as transaction fees, spreads, and swaps.

Transaction Fee

On the Pro account, the main cost is the lot commission, which is $7. This fee is average for the market and is charged for each trade transaction.

Below is the one-way lot commission for the EURUSD pair at different Forex brokers:

Spreads and Swaps

On the Standard account, the main expenses are spreads and swaps. These costs are also average for the market and vary depending on trading conditions.

Below is a table of the average spread and swaps for major currency pairs on the standard Axi account.

Account Inactivity Fee

It should be noted that Axi charges an inactivity fee for trading accounts. If there is no activity on the trading account for 12 months, the following fee is charged (as shown in the table below).

Broker Axi offers clients a few methods for depositing and withdrawing funds to ensure convenience and flexibility in financial transactions.

Account Deposit Methods

Payment System	Currencies	Deposit Fee	Operation Limit
Visa	AUDNZDUSD	0%	from 5 to 100000 USD
Mastercard	AUDNZDUSD	0%	from 5 to 100000 USD
POLi	AUD	0%	from 5 to 500000 AUD

Withdrawal Methods

Payment System	Currencies	Withdrawal Fee	Operation Limit
Bank Transfer	AUDNZDUSD	0%	from 50 to 10000000 USD

Broker Axi generally does not charge fees for deposits and withdrawals. However, fees may be imposed by payment systems or banks.

All withdrawal requests are processed within 1-2 business days.

Broker Axi offers a wide selection of trading assets, allowing its clients to diversify their investments and choose the most suitable instruments.

Which markets are available?

Trading conditions for each asset can vary depending on the trader's account type and the current market situation. Broker Axis strives to provide its clients with favourable conditions, including low spreads, commissions, and fast order execution.

Before starting trading with broker Axi, it is recommended to familiarize yourself with the trading conditions offered for each asset on the company's official website or in the personal account. It is also worth considering that trading various assets is associated with different levels of risk, and traders should choose instruments that match their investment profile and trading strategy.

Leverage

Leverage may differ for different types of instruments.

Broker Axi offers clients the MetaTrader 4 (MT4) trading platform for executing trades. MT4 is one of the most popular and widely used trading platforms in the Forex market. It offers many features, such as flexible chart settings, technical analysis, automated trading with advisors, etc.

However, it should be noted that some traders may perceive offering only one trading platform as a limitation of broker Axi. While MT4 is a powerful tool suitable for most traders, some prefer using other platforms such as MetaTrader 5 (MT5), cTrader, or various web platforms and mobile applications to manage their investments.

Overall, if you are comfortable working with the MT4 platform and do not require additional features provided by other platforms, Axi broker may be a good choice for you. However, for those looking for more diversity in trading platforms, it is worth considering other brokers that offer a more comprehensive selection of trading instruments and platforms.

Axi offers a pretty extensive set of market analysis tools. However, it is essential to note that the provided set of tools noticeably lacks in-depth analytical research and expert opinions from the broker's analysts, which may be a drawback for some traders seeking a more comprehensive analysis.

Analytical Tools

Broker Axi provides its clients with several additional trading tools and services that can help improve the trading experience and increase the efficiency of trading strategies. Here are some of the tools offered by Axi:

1. Economic Calendar. Tracking all critical events, news, and market indicators using a convenient calendar.
2. Holiday Calendar. Calendar of international banking and public holidays that affect Forex and CFD trading.
3. Dividend Forecasts. Forecast of upcoming dividend adjustments for Cash CFD indices on the MT4 platform.
4. Margin Calculator. A calculator for determining the required margin when opening a trading position.
5. Take-Profit and Stop-Loss Calculator. A calculator for estimating the potential profit or loss of trading positions.
6. Pip Calculator. A calculator for effective risk management in currency market trading.
7. Currency Converter. A tool for converting currency using current exchange rates.

Overall, the tools offered by broker Axi significantly facilitate the trading process, provide access to advanced technologies, and help traders make more informed trading decisions.

Broker Axi offers a comprehensive set of educational materials, which will help traders improve their skills and knowledge about trading in the financial markets. However, it should be noted that the broker's platform lacks more personalized education - courses or coaching.

What educational materials are available?

1. Educational videos. Axi provides a series of video tutorials covering various topics, such as the basics of Forex, technical and fundamental analysis, trading strategies, and the use of trading platforms. These videos will help novice traders master the basics of trading and experienced traders to deepen their knowledge.

2. Seminars and webinars. Axi regularly conducts seminars and webinars where experienced professionals share their knowledge and experience on various aspects of trading. Such events provide an opportunity for interaction with experts and other traders and discussion of current topics and strategies.

3. Blog. The Axi blog publishes articles, news, and analytics that will help traders stay abreast of the latest trends in the financial markets, improve their trading strategy, and deepen their knowledge in trading.

4. E-books. Axi offers e-books on various topics related to trading in the financial markets. These books contain detailed information about trading strategies, analysis, and the psychology of trading and can be a valuable source of information for traders at any level of experience.

The educational materials provided by broker Axi are valuable for traders looking to develop their skills and increase their effectiveness in the financial markets. They allow for studying trading at a convenient pace and format and receiving up-to-date information and analytics from experienced traders.

The technical support of broker Axi stands out for its variety of communication channels and commitment to promptness. Still, inconsistency in service quality and response to severe issues is reflected in mixed customer reviews.

How to contact support?

Axi broker's technical support operates to provide high-quality and prompt solutions to issues and problems that arise for clients. The support team is available 24/5, following the schedule of the international forex market. Clients can contact Axi's technical support through various channels:

1. Email. If you have questions or problems related to account operations or trading, you can send them to service@axi.com. The technical support specialists will respond to your inquiry as soon as possible.

2. WhatsApp. Axi offers the option to contact technical support through WhatsApp's popular messaging app. This is a convenient way to get a quick response to your questions without leaving the app.

3. Toll-free phone call. Axi provides phone numbers for toll-free calls: +1300 888 936 (Australia) and 0800 480 404 (New Zealand). It is enabling clients to receive immediate assistance over the phone without incurring any additional costs.

4. Online chat. The broker's website chat helps you contact technical support quickly.

Axi's technical support cares about its clients, offering various ways of communication and prompt problem resolution. This ensures a comfortable and reliable interaction with the broker for all traders.

Reviews of the broker's support

Axi's technical support has mixed client reviews, reflecting various experiences dealing with the support team.

Positive reviews highlight prompt and professional service, a friendly attitude towards beginners, and a willingness to solve emerging problems. This contributes to creating a favourable impression of the company and helps to strengthen trust in the broker.

However, negative reviews point to serious systemic issues, slow and unprofessional responses from technical support, and difficulties with accessing accounts and transitioning between different types of accounts. Some clients have been disappointed with Axi due to service problems and a lack of proper communication.

Thus, Axi's technical support has its merits in accessibility and attentiveness to specific clients. Still, it also requires improvement in response to severe issues and overall consistency of service quality.

Conclusion

Axi AU provides reliable and secure services in the Forex market. Thanks to regulation, extensive educational materials, and various trading tools, Axi has become an attractive choice for many traders.

Experienced traders who prefer to use other trading platforms besides MT4 may find Axi less suitable for their needs. Nevertheless, the company continues to offer stable services and competitive conditions, making it an attractive option for many traders in the Forex market.

FAQ

Is Axi AU legit?

Yes, Axi AU is a legitimate Forex broker, regulated by several authoritative bodies worldwide such as FMA in New Zealand and ASIC in Australia.

Which country is Axi from?

Axi is originally from Australia and maintains its headquarters there.

Is Axi AU an ECN broker?

No, Axi AU is not an ECN broker. Instead, it operates as an STP (Straight Through Processing) broker, which means orders are passed directly to liquidity providers without any dealer intervention.

How does Axi AU make money?

Axi AU earns money primarily through spreads and commissions on trades executed by its clients.

Is Axi AU good for beginners?

Yes, Axi AU is considered a good choice for beginners due to its user-friendly trading platforms, educational resources, and responsive customer support.

Does Axi AU offer a demo account?

Yes, Axi AU offers a demo account that allows new traders to practice trading with virtual funds without any financial risk.

How can I open an account with Axi AU?

You can open an account with Axi AU by visiting their website, filling out the registration form, and submitting the necessary identification documents for verification.

How can I delete my Axi AU account?

To delete your Axi AU account, you should contact customer support directly. They will guide you through the process and help with any required paperwork.

What is the minimum deposit for Axi AU?

The minimum deposit for Axi AU varies depending on the account type but generally starts from AU$200 for their standard accounts.

What is the maximum leverage on Axi AU?

The maximum leverage offered by Axi AU is up to 1:30 for retail traders.

How do I deposit funds in an Axi AU account?

Funds can be deposited into an Axi AU account via multiple methods, including bank wire transfers, credit/debit cards, and POLi.

How do I withdraw money from Axi AU?

Withdrawals from an Axi AU account can be made using the same methods as deposits. Requests are typically processed within one or two business days.

Does Axi AU provide VPS?

Yes, Axi AU provides VPS (Virtual Private Server) services to help traders execute automated trading strategies with reduced latency.

Is Axi AU suitable for scalping?

Yes, Axi AU is suitable for scalping as it offers tight spreads and STP account options that are favorable for high-frequency trading.

Is Axi AU suitable for auto-trading?

Yes, Axi AU supports auto-trading and is compatible with various automated trading platforms and tools, including MetaTrader 4.

Is Axi AU suitable for hedging?

Yes, Axi AU allows hedging, enabling traders to open multiple positions in the same or different directions to manage their risk.