If you’re searching for a reliable online broker, you may have come across Axi (formerly known as AxiTrader). But is Axi the right choice for your trading needs? In this detailed Axi review, we’ll cover everything you need to know including its features, fees, pros and cons, and whether it’s a trustworthy platform.Axi Overview
Axi is a globally recognized online Forex and CFD broker founded in 2007. It offers trading services to retail and professional traders, providing access to Forex, commodities, indices, cryptocurrencies, and shares. Axi is regulated by top-tier authorities, including:
- ASIC (Australia)
- FCA (UK)
- FMA (New Zealand)
This regulation ensures that Axi follows strict financial standards, keeping your funds secure.
Axi Trading Platforms
Axi provides traders with two main platforms:
1. MetaTrader 4 (MT4)
MT4 is the most popular trading platform worldwide, and Axi offers a fully optimized MT4 experience with:
- Advanced charting tools
- Expert Advisors (EAs) for automated trading
- Custom indicators
- One-click trading
2. MetaTrader 5 (MT5) – Available Soon
Axi has announced that MT5 will be available soon, offering more advanced features like:
- More timeframes
- Additional order types
- Enhanced technical analysis
Axi Account Types
Axi offers three main account types to suit different traders:
1. Standard Account
- Minimum deposit: $0
- Spreads: From 0.4 pips
- Commission: None
- Leverage: Up to 500:1 (depending on regulations)
2. Pro Account
- Minimum deposit: $0
- Spreads: From 0.0 pips
- Commission: $7 per lot (round turn)
- Leverage: Up to 500:1
3. Elite Account
- Minimum deposit: $25,000
- Spreads: From 0.0 pips
- Commission: Negotiable (lower than Pro)
- Personalized support & VIP benefits
Axi Fees & Spreads
Axi is known for its competitive spreads and low fees:
- Standard Account: No commission, spreads from 0.4 pips
- Pro Account: $7 per lot, spreads from 0.0 pips
- No deposit or withdrawal fees (except for bank wire transfers)
- No inactivity fees
Deposits & Withdrawals
Axi supports multiple payment methods, including:
- Credit/Debit Cards (Visa, Mastercard)
- Bank Transfers
- Skrill
- Neteller
- Cryptocurrencies (Bitcoin, USDT, etc.)
Most deposits are instant, while withdrawals take 1-3 business days.
Pros & Cons of Axi
✅ Pros
✔ Regulated by ASIC, FCA, and FMA (high trust)
✔ Low spreads & competitive fees
✔ No minimum deposit (start with any amount)
✔ Fast execution & no requotes
✔ Free VPS hosting for high-volume traders
✔ Negative balance protection (prevents losses beyond deposits)
❌ Cons
✖ No MT5 yet (coming soon)
✖ Limited educational resources compared to some competitors
✖ No U.S. clients accepted
Is Axi Safe & Legit?
Yes, Axi is a safe and trustworthy broker because:
- Regulated by top-tier authorities (ASIC, FCA, FMA)
- Segregated client funds (your money is kept separate from company funds)
- Negative balance protection
- Over 15 years in the industry
Axi Customer Support
Axi offers 24/5 customer support via:
- Live Chat (fastest response)
- Phone Support
Most users report quick and helpful responses from the support team.
Final Verdict: Is Axi Worth It?
Axi is a great choice for Forex and CFD traders who want:
✔ Low spreads & fast execution
✔ Trusted regulation
✔ Flexible account options
However, if you need MT5 or advanced educational tools, you might want to explore other brokers.
Who Should Use Axi?
- Beginners (easy account setup, no minimum deposit)
- Scalpers & day traders (tight spreads, fast execution)
- EA traders (good MT4 support)
Who Should Avoid Axi?
- U.S. traders (not available)
- Traders needing MT5 (not yet supported)
How to Open an Axi Account
- Visit Axi’s official website
- Click “Register”
- Fill in your details & verify identity
- Deposit funds & start trading
Conclusion
Axi is a reliable, low-cost broker ideal for Forex and CFD traders. With strong regulation, tight spreads, and excellent execution speeds, it’s a solid choice for both beginners and experienced traders.
If you’re looking for a trusted broker with no minimum deposit, Axi is definitely worth considering.
Ready to Try Axi?
👉 Visit Axi’s Official Site to sign up today!
This Axi review covers all the essential details to help you decide if Axi is the right broker for you. If you found this guide helpful, share it with fellow traders! 🚀
Disclaimer: Trading Forex and CFDs carries risk. Only trade with money you can afford to lose. Past performance is not indicative of future results.