Axi review

Spread from

0.0 pips

EUR/USD spread

0.0 pips, Pro

GBP/USD spread

Approx. 0.2 pips, Pro

Commission

US$2.25 per side / US$4.50 round turn, Pro

All-in cost, EUR/USD

Approx. 0.45 pips

Spread type

Variable

Overnight swap

Both: overnight swaps charged/credited; swap-free accounts available

Inactivity fee

$10/month after 12 months inactivity

Deposit fee

None internally

Withdrawal fee

None internally

Currency conversion

Currency conversion applies where account and transaction currencies differ

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Axi lists a minimum deposit of $5. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, Indices, Commodities, Metals, ETFs, Cryptocurrencies, Futures

Currency pairs

70+

Total instruments

1,500+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

Market execution / liquidity-provider aggregation

Execution speed

29ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Co-located servers in major global financial data centres

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

Axi covers forex, shares, indices, commodities, metals, etfs, cryptocurrencies, futures. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, paypal and regional/local payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, Axi Trading Platform

Own platform

Yes, Axi Trading Platform

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; MT4/MT5 Expert Advisors and automated trading

Copy trading

Yes, Axi Copy Trading

Indicators

100+ through TradingView; 30+ MT4; 38+ MT5

Third-party tools

TradingView, Autochartist, VPS, PsyQuation

API access

Yes, institutional/API connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Regulated by

ASIC (AFSL 318232); FCA (FRN 466201); New Zealand FMA (FSP 518226); DFSA

Regulator tier

Tier 1

Register entry

ASIC Professional Registers, AFSL 318232

Client money segregated

Yes

Held at

Regulated banking institutions

Negative balance protection

Yes, retail clients where required

Compensation scheme

FSCS up to £85,000 for eligible UK clients; no statutory investor compensation scheme under ASIC

Audited by

Independent external auditors

Not available to

United States and other jurisdictions where Axi products are prohibited or restricted

Across a hundred brokers, the licence is what separates the field fastest.

Axi holds tier-one authorisations from ASIC, FCA and FMA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

The DFSA regulates from the Dubai International Financial Centre, a separate legal jurisdiction from the wider UAE.

Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by FSCS up to £85,000 for eligible UK clients; no statutory investor compensation scheme under ASIC, which pays eligible clients up to its limit if the firm fails owing client money.

Check the licence yourself: ASIC Connect, the FCA Register, the New Zealand Financial Service Providers Register, the DFSA public register.

Minimum deposit

$5

Account types

Standard, Pro, Elite, Premium, Cent, Islamic, Demo

Account currencies

AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD

Islamic account

Yes

Demo account

Yes

Professional account

Yes

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Axi runs 7 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Visa, Mastercard, bank transfer, PayPal and regional/local payment methods

Withdrawal methods

Cards, bank transfer, PayPal and supported regional methods

Deposit time

Instant for cards, PayPal and selected electronic methods; bank transfer typically 2-3 business days

Withdrawal time

Instant for eligible card withdrawals; other methods vary by provider

Minimum withdrawal

$5

Local payment methods

PayPal; Waave and multiple region-specific payment methods

Withdrawals are stated at Instant for eligible card withdrawals; other methods vary by provider, against Instant for cards, PayPal and selected electronic methods; bank transfer typically 2-3 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: cards, bank transfer, paypal and supported regional methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $5 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/7

Contact channels

Live chat, email, support request, callback

Languages

10+ languages

Telephone

N/A

Email

success@axi.com

Live chat response

Typically under 2 minutes

Education

Extensive: Axi Academy, courses, tutorials, articles, ebooks, videos and trading guides

Research

Market analysis, Autochartist, technical/fundamental analysis, market news and trading tools

Support runs 24/7. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, support request, callback. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: 10+ languages. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: axi academy, courses, tutorials, articles, ebooks, videos and trading guides. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

AxiCorp Financial Services Pty Ltd

Company number

ACN 127 606 348

Headquarters

Sydney, Australia

Founded

2007

Publicly listed

No

Parent company

Axi Group

Employees

300+

Also trades as

Axi; AxiTrader

Axi has been trading for around 19 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is AxiCorp Financial Services Pty Ltd. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Axi Group. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.