Axi

Axi (formerly known as AxiTrader) is a multi-asset online broker that offers forex and CFD trading to retail and professional clients worldwide. According to corporate records, the broker was registered in Australia on March 24, 2020, though the company itself traces its origins back to 2007. The group operates under the Axi brand with offices in Latin America, Asia, and the Middle East, and its registered address is in St. Vincent and the Grenadines.

Axi targets traders of all skill levels, advertising a low minimum deposit and user-friendly platforms. Its primary offering is leveraged trading on currencies, indices, commodities, and cryptocurrencies. The broker's official website is axi.com, which provides access to regional sites for different jurisdictions including the UK, Australia, EU, and others.

Axi holds multiple regulatory licenses across several jurisdictions. It is regulated by the Australian Securities and Investments Commission (ASIC) under a Market Making License, by the Financial Conduct Authority (FCA) in the United Kingdom, by the Financial Markets Authority (FMA) in New Zealand, and by the Cyprus Securities and Exchange Commission (CySEC). These are all tier-1 regulators, indicating a strong compliance framework.

In FXCanary's assessment, the broker's scam risk score is 23 out of 100, placing it in the low-risk category. However, it is important to note that the registered address in St. Vincent and the Grenadines is a jurisdiction known for minimal oversight, and the group's structure includes multiple entities across different countries. Traders should ensure they are dealing with the entity licensed in their region.

Axi offers three main account types: Standard, Pro, and Elite. The Standard account requires no minimum deposit and provides access to all major markets with competitive spreads. The Pro account is designed for high-volume traders and offers raw spreads with a commission per lot. The Elite account includes additional features such as dedicated support and enhanced trading conditions.

Additionally, Axi lists a '专业账户' (Professional Account) for Chinese-speaking clients, with the same maximum leverage of 1:500. The minimum deposit for all accounts is not explicitly stated on the account pages, but the broker's help center indicates that credit/debit card deposits start from $5. Leverage can be adjusted by the client through the portal, subject to regulatory limits.

Axi provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both available for desktop, web, and mobile devices. The broker also offers its own proprietary Axi Trading Platform mobile app, which integrates with the same account. Features include automated trading via Expert Advisors, advanced charting, and one-click trading.

According to the broker's website, traders can access over 220 CFD instruments, including forex pairs, indices, commodities, shares, and cryptocurrencies. The platform supports both market execution and pending orders, and offers tools like Axi Select and Pelican Copy Trading for social and copy trading.

Axi supports a wide range of deposit and withdrawal methods to accommodate international clients. These include credit/debit cards (Visa, Mastercard), bank transfers, PayPal, Skrill, Neteller, and various local methods such as PIX (Brazil), PayNow (Singapore), and 1-2Pay (Thailand). The minimum deposit varies by method, with credit cards as low as $5 and cryptocurrency $30.

Withdrawals are processed through the client portal or mobile app, and the broker claims to not charge any internal fees for transactions. However, bank intermediaries or payment providers may levy charges. The broker also provides same-currency and multi-currency account options, with base currencies including USD, EUR, GBP, AUD, and others.

Axi caters to a broad range of traders, from complete beginners to seasoned professionals. The low minimum deposit and straightforward account opening process make it accessible for newcomers looking to start with minimal capital. The availability of Islamic (swap-free) accounts also appeals to traders who require compliance with Sharia law.

For experienced traders, the Pro and Elite accounts offer tighter spreads, higher leverage, and advanced platform features. The broker's global presence and multi-language support (including Chinese, Spanish, and Arabic) make it a suitable choice for international clients, though the regulatory entity applicable to each client depends on their region.