CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Axi

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Home » Reviews » Axi

Axi Review

Axi, located in Australia, was founded in 2007 and has since evolved to become one of the world’s leading Forex brokers. It has accomplished this by using some of the world’s most prominent trading platforms, providing traders with accessibility to the most recent market data on forex, CFDs, and indices, allowing them to trade at consistently competitive prices.

Traders may choose from a variety of products, including CFDs on underlying financial assets such as stock indexes, metals, foreign currency, and commodities. The web-based trading platform of Axi is also accessible in a variety of languages.

Axi also provides mobile trading, with connectivity across all key platforms and devices, as well as servers in New York, near the exchange, for speedier transaction execution. Its services also include Expert Advisors for automatic trading, as well as the option of using Standard or Pro accounts in demo or real situations.

Regulated by the Financial Conduct Authority, Axi keeps all customer money in separate accounts with top-tier institutions.

Pros

  • Established in 2007
  • Regulated by Financial Conduct Authority and ASIC
  • Used by 221,000+ traders
  • Min. deposit from $1

Cons

  • Limited range of instruments

A minimum deposit of $1 is required to establish a live account. Alternatively, Axiprovides a demo account that you may use to practise and become acquainted with their platform.

The Financial Conduct Authority, UK (FRN: 509746) and ASIC (AFSL #318232) regulate Axi. They keep all customer funds in a separate bank account with tier-1 institutions. Axi was founded in 2007 and has its headquarters in Australia.

While we show you the specifics of Axi’s spreads, fees, platforms, and trading tools, you may want to open Axi’s website in a new tab by clicking the button below to get the most up-to-date information.

Visit AXI

Full disclosure: If you join up with a broker through one of our links, we may get a commission.

What are the spreads and costs for Axi?

Axi, like most brokers, charges a fee based on the spread, which is the difference between both the buy and sell price of an asset.

The commissions and spreads shown here are based on the Axi website’s minimum spreads.

ForexAxiCity IndexXTB
EUR/USD(Average: 0.7 pips)0.0 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)0.5 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)0.1 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)0.1 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)0.2 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)0.2 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)0.2 pips2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)0.2 pips0.5 pips0.1 pips

Spreads are changeable and are provided solely for informative reasons.

As you can see, Axi’s minimum spread for trading EUR/USD is 0.2 pips – a modest spread when compared to the average EUR/USD spread of 0.70 pips. The table below compares how much it would cost to trade one lot of EUR/USD with Axi vs other brokers.

ALL SPREADS CAN BE FOUND HERE

How much does Axi charge to trade 1 lot of EUR/USD?

If you bought one standard lot of EUR/USD (100,000 units) with Axi at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $1. Here is a general summary of the fees and how they compare to IG and XTB..

AxiIGXTB
Spread from:$ 0.00$ 6.00$ 2.00
Commission:$7.00$0.00$0.00
Total cost of a 100k trade:$ 7.00$ 6.00$ 2.00
$1 less$5 less
VISIT AXIVISIT IGVISIT XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with Axi?

Axi allows you to trade over 102 different instruments, including over 80 currency pairs. We’ve detailed all of Axi’s numerous types of instruments below, along with IG and XTB’s instruments for comparison.

FX / CurrenciesAxiIGXTB
# of forex pairs offered809048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*YesYesYes
Commodity CFDsAxiIGXTB
# of commodities offered63421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalYesYesYes
Index & Stock CFDsAxiIGXTB
# of stocks offered20+80001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesYesYesYes
Japanese sharesNoYesYes
SEE AXI’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit Axi

What’s the Axi trading experience like?

1) Platforms and apps

Axi provides the well-known MT4 forex trading software. See our MT4 broker comparison for a list of the best MT4 brokers. Traders may trade with their preferred device thanks to the mix of platforms for both Mac and Windows.

Axi now provides mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.

SEE AXI’S PLATFORMS

Still unsure?

Open a practise account and begin learning to trade.

2) Executing Trades

Axi allows you to trade a 0.01 Lot deal. This may differ based on the type of account you create. The maximum trade size with Axi is 100 lots per transaction. Because Axiprovides ECN and STP execution, you may anticipate incredibly narrow spreads and more transparency over the price you pay to execute your trades.

As a market maker, Axi may have lower entrance criteria than an ECN broker, who usually has greater capital and minimum trade requirements due to a higher number of transactions. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.

As an added benefit, Axi is one of the few brokers who claim no requotes, so you didn’t have to think about slippage (your trades being ordered at a different price to what you executed them at).

Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.

Finally, we’ve included a list of some of the most common financing options available to Axi traders beneath.

Trading Features:

  • Allows hedging
  • Offers STP
  • Allows scalping
  • Free VPS (For clients who trade 20 lots per month)
  • Low minimum deposit

Accounts offered:

  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • VIP Account (Axi Elite)
  • Demo account
  • ECN account
  • Islamic account

Funding methods:

  • Bank Transfer
  • Skrill
  • Payoneer
  • Credit cards
  • Neteller
  • Crypto (For clients based outside of Europe)

3) Client support

English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic are among the languages accepted by Axi.

4) What you’ll need to open an account with Axi

Because Axi is regulated by the Financial Conduct Authority and ASIC, every new customer must go through a few simple compliance checks to verify that you know the implications of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to complete a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.

While you may be able to browse Axi’s platform immediately, it is crucial to note that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your circumstances.

To begin the process of creating an account with Axi, go to their website.

About Axi’s Psyquation Platform

PsyQuation is a stand-alone trading application platform that aims to boost trade performance and profitability. In theory, it functions similarly to a private trading coach, closely monitoring your actions and making ideas to help you do better with each subsequent transaction.

To use it, simply link to an existing MT4 trading account and continue trading as usual. PsyQuation then assesses your particular trading history, mixes it with a large pool of market and trading data, and provides trade suggestions customised to your specific trading style and scenario. And once you place a trade, you receive data as an in-platform alert, giving you the opportunity to reconsider your trade execution based on the statistical probability of the trade’s probability of winning (as determined by the platform), with the ultimate goal of reducing the number of trade mistakes you make.

When you start using PsyQuation, you are issued a PsyQuation Score. This is based on a 100-point scale and is determined by how the platform evaluates your degree of skill and risk, as well as your general behaviour and history. As the PQ Score rises or falls over time, you receive a simple and useful means of measuring overall performance, as well as the ability to compare yourself to other traders on a scoreboard.

PsyQuation is offered in either a regular or premium edition, with the premium version including a suite of additional features such as more up to date intraday trading signals, more thorough forecasts, and institutional quality quantitative data models. If you are an Axi client, you can get both the basic and premium versions of PsyQuation for free.

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