Axi Review 2025

Is Axi regulated?

Yes, it is regulated by a number of authorities throughout the world:

• the UK's Financial Conduct Authority (FCA)
• the Australian Securities and Investments Commission (ASIC)
• the Dubai Financial Services Authority (DFSA)
• the Financial Service Authority of St. Vincent and the Grenadines (SVG)

Being regulated by several top-tier financial authorities is a great sign for Axi's safety.
On the other hand, note that Axi's license was suspended in New Zealand from July 2019 to December 2021 by the Financial Markets Authority (FMA), the country's regulator. You can read more about the suspension on the FMA website.

Is Axi safe?

To be certain that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

Protection matters for you because the investor protection amount and the regulator differ from entity to entity.

Axi provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered by negative balance protection.
Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to $1 million. This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above $20,000.

Our brokerage experts put together a comprehensive guide on the safety profile of Axi.

Background

Axi is based in Australia and was founded in 2007. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

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Account base currencies

At Axi, you can choose from the following 10 base currencies:

Axi offers a great base currency selection when compared to its closest competitors.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

Axi charges no deposit fees.

However, if monthly deposits via methods other than bank transfer (e.g. Neteller, credit card) exceed $50,000, Axi may charge a 3% fee.
In addition to bank transfers, you can use credit/debit cards, broker-to-broker transfers and several electronic wallets, as well as cryptocurrencies.

Here's all you need to know about minimum deposit requirements and depositing money at Axi.

A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

Axi supports the following electronic wallets:

There are also cryptos you can use to deposit: BTC, USDT, XRP, ETH, XLM, LTC.
Some methods and currencies may not be available to you, as options can differ based on the client's residency.

Axi withdrawal fees and options

Axi charges no withdrawal fees and offers several methods for withdrawal. However, if you withdraw less than $50, you will be charged a $25 administration fee (unless the withdrawn amount is your full account balance).

Read our guide containing all key info on available withdrawal methods and related fees at Axi.

You can only withdraw money to accounts in your name.

Note that if you want to withdraw funds to a debit/credit card, you can only withdraw to the same card you made the deposit from. Also, in the case of credit cards, you may be able to withdraw only up to the original deposited amount.
The withdrawal method must be the same as your deposit method, except for deposits via bank card, which you can withdraw to your bank account.

How long does it take to withdraw money from Axi? We tested the bank transfer withdrawal and it took 2 business days.

How do you withdraw money from Axi? Just follow these steps:

• Log in to the Client Portal.
• Select 'Withdraw Funds'.
• Choose the withdrawal method.
• Add your bank account details, i.e. IBAN and Swift code (if you haven't done it before).
• Enter the amount you wish to withdraw.
• Initiate the withdrawal.

Can you open an account?

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76.3% of retail CFD accounts lose money

Axi accepts clients from most countries in the world, a notable exception being the US.

Read our separate article on how to get your account started with Axi.

What is the minimum deposit at Axi?

The required Axi minimum deposit is $0.

Account types

Axi differentiates its accounts based on two things: who owns them and the applied fee structure.
Based on ownership, there are three types of accounts:

• Individual - account is owned by an individual
• Joint - account is owned by multiple individuals
• Corporate - account is owned by a legal entity

Accounts differ in terms of their fee structure as well:

• Standard account - no commission, generally higher spreads
• Pro account - $7 round trip commission, generally lower spreads
• Elite account - $3.50 round trip commission, generally lower spreads. For Wholesale & Professional clients only.

Islamic accounts are also available.
In this review, we tested the individual Pro account.

How to open your account

Creating an account is easy and fully digital, but it took 2 business days for our account to be approved.
The steps of account opening at Axi are the following:

1. Enter your personal information, such as email address and country of residence.
2. Select the account type.
3. Answer a couple of questions that assess your level of trading experience.
4. Verify your identity and residency by uploading either a copy of your ID card, driver's license or passport, and a copy of a recent utility bill or bank statement.

Similarly to the web trading platform, Axioffers MetaTrader 4 as a mobile trading platform. MetaTrader 4 is available for both iOS and Android. We tested it on iOS.
After you download the MT4 mobile trading platform on your phone, you will have to connect to the Axi-Live server.

The mobile trading platform is available in several languages.

Changing the language is a bit tricky on Android devices: you will have to change the default language of your mobile.

Look and feel

Axi has a great mobile trading platform, we really liked its design and user-friendliness. You will easily find all the features.

Login and security

Axi provides only a one-step login for its mobile platform. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

You can't log in using biometric authentication. Providing this feature would be more convenient.

Search functions

The search functions are good.

You can search for products easily by typing the name of the product or by navigating the category folders.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop

There are also order time limits you can use:

• Good 'til canceled (GTC)
• Good 'til time (GTT)

Alerts and notifications

You cannot set alerts and notifications on the Axi mobile platform.

You can set alerts and notifications on the desktop trading platform, which you will receive on your mobile. It would be much easier if you could set these notifications on the mobile trading platform itself.

Our analysts personally tested Axi's mobile trading platform; read the Axi mobile app review for a detailed verdict on its performance and features.

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76.3% of retail CFD accounts lose money

Axi offers MetaTrader 4 as a desktop trading platform.
It has the same design, is available in the same languages, offers the same order types (plus Trailing stop), has the same search functions, and offers the same portfolio and fee reports as the web trading platform.
The major difference is that you can set alerts and notifications in the form of mobile push and email notifications on the desktop trading platform. To set alerts, add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings) by going to the 'Tools' menu and selecting 'Options'.

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76.3% of retail CFD accounts lose money

Axi has a great selection of forex products. The stock index, commodity, crypto and stock CFD selection is average, but constantly expanding.
Note that certain products are only available from specific live servers on the MetaTrader trading platform.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

As of January 6, 2021, the FCA has banned the sale of crypto derivatives to UK retail consumers.

You cannot change leverage levels if you are under the jurisdiction of the UK's FCA, which in Axi's case means all UK and European clients. For them, leverage is fixed at 30:1. Clients onboarded under other entities can change the leverage on their trades.
Changing the leverage is a very useful feature when you want to lower the risk of your trade. We think this is something you should be in control of. Be careful when trading forex and CFDs as the preset leverage levels may be too high.

Copy Trading

Axi offers asocial trading service via Forex Trading Signals on the MT4 platform.
You can also use Copy Trading, another social trading feature. This allows you to identify successful traders and follow their trades, which are then translated into real trades in your own broker account. To access this feature, you will have to download the Axi Copy Trading platform, then link it to your MT4 account.

Axi Select

The broker is running a special program called Axi Select that provides access to funding of up to $1
million. Axi Select is free to join, and Axi clents can benefit from profit-sharing up to 90% of profits generated using Axi funds. They also get access to advanced trading tools, technical expertise and analysis, live educational content and a community of professional traders.
The program is only open to trading accounts overseen by the Financial Service Authority of St. Vincent and the Grenadines (SVG).

We recommend Axi for forex traders familiar with the MetaTrader 4 platform.

Below you can find links to all aspects of Axi in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Axi fees article.

What about the minimum deposit?

Our ultimate guide to the Axi minimum deposit is updated regularly.

How to start your Axi account?

Look no further than our evaluation of the Axi account opening.

How's their trading app?

Here's our expert view after checking the Axi trading app.

Is the quality of customer service satisfactory?

All you need to know about the Axi customer service.

Legit or scam?

Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Axi is really free.

Is this broker good for beginners?

We checked it in Is Axi good for beginners.

Should you buy your silver bullets on Axi?

Research for silver bugs in the Silver buy on Axi guide

I want to trade options, are they available at Axi?

We explored the topic in Can you trade options on Axi?

What is the minimum account balance at Axi?

Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article.

Looking for commission and fees data for Axi?

We collected them in Axi commission and fees.

How do you withdraw money from Axi?

We tested it and collected the options and costs in How to withdraw money on Axi.