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Written by: Krisztián G. Updated: Dec 2022
Expert verified
Recommended for
  • forex trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
1,895 people chose this broker in the last 6 months
BrokerChooser Score
4.4/5

Axi review summary

Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you conversion costs. Like most competitors, Axi uses the well-known MetaTrader 4 trading platforms, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies.

Axi is a legit broker that is regulated by the financial authorities of Australia and the UK, among others. European clients are eligible for investor protection and negative balance protection.

You can't open an account at Axi if you live in United States. See the best alternative available in your country.

Axi pros and cons

Pros Cons
Low forex fees Only forex and CFD trading
No withdrawal/deposit fees Limited research tools
Fully digital account opening 24/5 customer service

Axi main highlights

🗺️ Country of regulation UK, Australia, Dubai, St. Vincent and the Grenadines
💰 Trading fees class Low
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 11
🎮 Demo account provided Yes
🛍️ Products offered Forex, CFD, Crypto
To read much more details about the broker's services and features, expand on the sections below.

Axi review
Fees

4.3
Axi has low forex and CFD fees, and deposits and withdrawals are free of charge.
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Axi review
Account opening

4.2
Account opening at Axi is user-friendly and fully digital, but it takes a bit longer than at similar online brokers.
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Axi review
Deposit and withdrawal

4.4
Axi charges no deposit or withdrawal fees. You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards.
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Axi review
Web trading platform

2.8
The web trading platform of Axi (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks price alerts.
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Axi review
Mobile trading platform

3.8
Axi has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function. However, it lacks a safer login.
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Axi review
Desktop trading platform

3.4
In design and functionality, Axi's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on it.
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Axi review
Markets and products

2.2
At Axi, you can trade only forex and CFDs. Other popular asset classes like real stocks or ETFs are not available.
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Axi review
Research

3.0
Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar.
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Axi review
Customer service

5.0
Axi can be contacted via phone, live chat and email. We received quick and mostly relevant answers to our questions. However, customer service is available only 24/5.
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Axi review
Education

4.5
Axi does a great job when it comes to education. You can use a demo account, watch high-quality videos and read great ebooks. However, not all content is available in English.
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Axi review
Safety

Axi is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn't hold a banking license.
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Axi review
Bottom line

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Axi review
FAQ

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Author of this review

Krisztián Gátonyi

Author of this review

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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