About Axi
Overview
Axi, formerly known as AxiTrader, is an Australian-based forex and CFD broker established in 2007. The company has expanded globally with offices in Latin America, Asia, and the Middle East. Axi is registered in St. Vincent and the Grenadines at Euro House, Richmond Hill Road, Kingstown.
Despite its Australian roots, Axi operates under multiple regulatory licenses, providing a layer of oversight for traders in different jurisdictions. The broker caters to both novice and experienced traders, offering a range of account types and trading platforms.
Regulation
Axi holds regulatory licenses from four major authorities: the Australian Securities and Investments Commission (ASIC) under a Market Making License, the Financial Conduct Authority (FCA) in the UK, the Financial Markets Authority (FMA) in New Zealand, and the Cyprus Securities and Exchange Commission (CySEC). Each license is classified as 'Regulated' with 'Market Making' or 'Derivatives Trading' status.
This multi-regulatory framework means that clients from specific regions are served by the corresponding entity. For example, EU clients are onboarded under the CySEC license, while Australian clients fall under ASIC.
Account Types
Axi offers three main account types: Standard, Pro, and Elite. The Standard account is designed for beginners and requires no minimum deposit. The Pro account offers tighter spreads and is suited for more active traders. The Elite account provides premium services including a dedicated account manager and lower commissions.
Additionally, the broker mentions a Professional Account and a 专业账户 (Chinese label), but these appear to be regional variations. All accounts support leverage up to 1:500, depending on regulatory restrictions.
Trading Platforms
The broker provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both available for desktop, web, and mobile. Axi also offers its own mobile trading app, which integrates with the client portal.
MT5 is particularly highlighted for its advanced features, including additional timeframes and built-in economic calendar. Both platforms support automated trading via Expert Advisors (EAs) and offer full suite of order types.
Instruments and Funding
Axi claims over 220 tradable instruments, including forex pairs, indices, commodities, and cryptocurrency CFDs. The broker emphasizes tight spreads on gold and 24/7 crypto trading.
Deposit methods include credit/debit cards, bank transfers, and various e-wallets like PayPal, Skrill, and Neteller. Minimum deposits are low, starting from $0 for the account itself, but payment method minimums apply (e.g., $5 for cards). Withdrawals are generally free, though cryptocurrency fees may apply.
Target Audience
Axi markets itself to traders of all skill levels, from beginners to professionals. The $0 minimum deposit and user-friendly platforms appeal to newcomers, while the Pro and Elite accounts cater to experienced traders seeking tighter spreads and personalized support.
The broker also offers educational resources and a 'Axi Select' program for professional traders. Its global presence with multiple regulatory licenses makes it accessible to clients in many countries.
Overview compiled by FXCanary from regulatory records and public data. full Axi review