Overall, Axi presents a strong and competitive offering, but traders who prioritize extensive asset variety, lower fees, or 24/7 support may find other brokers more suitable. Axi primarily focuses on Forex and CFD trading, however, the broker also provides additional investment opportunities to cater to diverse client needs. Through its Axi Copy Trading App, traders can follow and replicate the strategies of successful investors, making it an attractive option for those seeking a hands-off approach. Axi’s educational offerings are further enhanced by its Axi Academy, a dedicated portal featuring a comprehensive selection of free learning courses, interactive webinars, and expert-led sessions.

By providing services for trading on the international Forex market and CFD (Contracts for Difference), Axi has become a recognized leader in this field. But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn for the Pro account are high compared to some of their competitors, such as Fusion Markets. While the Elite account offers lower commissions, it is available only to high-volume traders who can afford significantly larger positions. In this review, we will pay attention to the critical aspects of Axi, which you should consider before deciding whether to trade with this online brokerage. Despite its strengths, Axi has an excellent aggregate score on Trustpilot, achieving 4.2 out of 5 stars based on 4,375 consumer reviews. As many as 72% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings.

As for education, Axi offers a good choice of educational materials to support traders of all levels. The broker offers video tutorials, covering various trading topics, including an in-depth guide on using the MT4 platform effectively. Axi provides access to over 220 trading products, catering to diverse trading preferences and strategies. The platform supports trading CFDs on Forex, Commodities, Indices, Shares, IPOs, and Cryptocurrencies, enabling traders to explore opportunities across multiple asset classes. The Axi Desktop MT4 Platform is a comprehensive trading solution that caters to the needs of traders seeking a variety of tools and features. With access to over 150 trading products, including Forex, Commodities, Share CFDs, Indices, Cryptocurrency CFDs, and more, MT4 provides full market coverage.

Pros and Cons of Axi

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. Axi Trader offers a wide range of deposit and withdrawal options, ensuring flexibility and convenience. Supported methods include bank transfers, credit and debit cards, and e-wallets like Skrill and Neteller.

Professional and Good Customer Service

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. Axi requires a minimum deposit of $0 for the Standard and Pro live account types if you are registered with its FSA-regulated entity.

rokers Professional Insights

83.1% 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. Axi Select provided the perfect environment for my startup to thrive during its seed stage. The team was hands-on and really cared about our success, guiding us through challenges with personalized support. Axi regularly offers promotions and bonuses for both new and existing clients. These incentives can boost trading capital and provide additional opportunities for profit.

Customer Support Contacts

• Let us provide a breakdown of those two categories and see how Axi positions itself on this front.
• Next, choose your preferred account types, such as Standard, Pro, or Elite, along with the base currency and leverage.
• This app is ideal for traders looking to diversify their approach or learn from seasoned professionals without actively managing every trade.
• Broker Axi strives to provide its clients with favorable conditions, including low spreads, commissions, and fast order execution.
• If suspicious activity occurs, Axi’s team encourages prompt reporting to help prevent fraud and protect your account.

Axi earns money primarily through spreads and commissions on trades executed by its clients. Positive reviews highlight prompt and professional service, a friendly attitude toward beginners, and a willingness to solve emerging problems. These characteristics contribute to creating a favorable impression of the company and help strengthen trust in the broker.

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director axi forex broker review of Online Broker Research for BrokerNotes.co and ForexBrokers.com.

This may affect traders looking for high-end analytical tools and integrated trading features. The advanced charting tools provided by Axi empower traders with in-depth market analysis. The intuitive interface allows users to make informed decisions based on real-time data. Their platform is incredibly user-friendly, making it easy for both beginners and seasoned traders to navigate.

• It is essential to be fully aware of these risks before engaging in any trading activity.
• Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst.
• Yes – MT4 works seamlessly on Windows, Mac, iOS, Android, and even directly in your web browser with WebTrader.
• I really appreciate that withdrawals are processed without unnecessary delays, usually within the same day.
• The research tools are quite limited as well which is another drawback for trading beginners.

What makes Axi a trusted broker for global traders?

The broker has grown to become a multinational retail firm with offices located in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100+ countries. In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades.

Trading Instruments

Yes, Axi is a legitimate Forex broker, regulated by several authoritative bodies worldwide such as FCA in the UK and ASIC in Australia. Opening an account with broker Axi is divided into several stages, which we will consider in order. When you invest in stocks, you pay the total price up-front to buy the underlying shares and can only profit if their price increases. However, when you trade stock CFDs, you are simply betting on the price movements, so you have the advantage of profiting from price movements in any direction (long or short). Let us provide a breakdown of those two categories and see how Axi positions itself on this front. All information on 55brokers.com is only published for general information purposes.

Axi imposes a $10 inactivity fee on dormant accounts with no trading activity for a period of 12 or more months. On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip). After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account. When your trading account is verified, you can fund it using any of the payment methods available on the broker’s website.

RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. Axi Trader places a strong emphasis on customer support, ensuring traders can access assistance whenever needed. Support is available 24/5 via multiple channels, including live chat, email and phone. The live chat feature is particularly popular for its quick response times, often resolving issues within minutes. For traders who rely on algorithmic strategies, MT4 supports seamless integration with third-party software, making it ideal for backtesting and optimisation.