There are two Axi account types that impact the fx broker costs when trading with Axi. There are also video tutorials on the MT4 trading platform and eBooks available on both forex and stocks to keep you up to date and growing your knowledge. Here you will be able to take full advantage of the deep liquidity provided by more than 20 liquidity providers with hundreds of additional sources to Axi.

Payment Methods

Established in 2007 in Australia, Axi (formerly known as AxiTrader) has grown to become one of the leading names in the online trading industry. They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA. While AXi offers some advantages like low minimum deposits and access to popular trading platforms (MT4), its shortcomings outweigh its merits. The limited instrument selection, particularly for cryptocurrencies, and wider spreads compared to competitors make it a less attractive option for most traders.

What is the Axi minimum deposit?

I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent https://forexarena.net/ choice for pure Forex traders with 75 currency pairs. For advanced traders, the Axi platform offers a professional account with a suite of advanced features, including MT4 VPS hosting and signal providers. This type of account comes with a round trip commission of $7, spreads from 0.0 pips, no setup fees, and a minimum lot size of 0.01 lots.

Deposit issues

The only cases where a fee might be applied is if you incur a fee from your own bank for a wire transfer, or you incur a conversion fee if your deposit method does not match your base currency. When it comes to methods available, wire transfers can be used and typically take 1-3 days although they are only available in the EU. Credit/Debit cards from Visa, MasterCard, and axi forex broker JCB can also be used and typically provide instant deposits. EWallets are also available and instant in the form of both Skrill and Neteller. An Axi MAM account is available and perfect for you if you are managing multiple accounts as an experienced trader and fund manager. This can be carried out very effectively through the EAs feature of the MT4 trading platform.

However, it is lacking CFTC regulation, so Axi cannot provide its services to US citizens or residents. Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines. Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions. The previously mentioned facts combined with our research on Axi’s user opinions and online reviews still grants them a safe broker status. Axi fees are quite small, making them affordable for almost any trader.

• Below shows some of the key players at Axi who have one of the most experienced teams worldwide.
• The Axi trading platform delivers its desktop experience through the MetaTrader 4 platform from MetaQuotes Software Corporation.
• Axi is also one of the few brokers to offer funded trading accounts.

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Currently, there are no deposit bonuses available with this brokerage.

The minimum deposit is just $1 or there is an option for a demo account if you want to start trading risk free. Australian forex traders have different requirements from forex brokers ranging from leverage, fees to features. This Axi review was based on our trading platform comparison, focusing on broker features as a focal point. If you have a different priority, then visit our homepage and view our other forex broker comparison charts.

For more than a decade, Axi has built strong relationships with top liquidity providers around the world. The broker can deliver you a more reliable trading service with better pricing and faster execution speeds thanks to these trusted partnerships. Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond.

An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets. Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index. Axi also offers a swap-free account type for clients of the Muslim faith who do not want to earn or pay interest. With this account, trades in all available instruments will not incur nor be paid any swap or interest, in accordance with Sharia law.

You can get it for free when you open a live account and deposit a minimum of at least $1,000. Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals. Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA. This is the avenue US-based traders need to choose to trade forex to meet American regulation.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience.

Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact. There is an Autochartist trading community that includes tutorial videos to help you understand how to use and personalise the software. You can set your favourites to only display certain patterns and filter by probability of success based on past performance.