Axi offers a broad array of trading instruments, making it suitable for traders with diverse interests. The broker provides access to CFD trading across multiple asset classes, including forex, cryptocurrencies, commodities, indices, and shares. Traders can engage in popular forex pairs, allowing them to trade major, minor, and exotic currencies.
Fees & Costs
Also, no re-quotes even in high volatility, which is a big deal for me. It’s rare to find a broker that offers both quality and reliability, but Axi does. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
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 choice for pure Forex traders with 70 currency pairs. With a low deposit requirement, Axi ensures accessibility for those starting out while offering advanced features for more experienced traders. The availability of demo accounts allows traders to practice strategies in a risk-free trading environment before committing real funds. AxiTrader offers traders the ability to trade indices, commodities, Forex, cryptocurrencies, and some CFDs with competitive spreads.
- The program’s financial backing gives me the flexibility to take calculated risks and pursue profitable avenues that align with my trading goals.
- Additionally, Axi allows broker-to-broker transfers with selected companies, so you can transfer your account from another brokerage to Axi.
- With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.
- All these alternatives are highly reputed and regulated brokers, but they all come with pros and cons.
The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt. AxiCorp Financial Services Pty Ltd is an online margin Forex business providing Foreign Exchange trading, Contract for Difference trading and currency transfer services. Axi does not charge currency conversion fees, which benefits traders dealing with multiple currencies. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. Axi offers a comprehensive instructional program, which makes it a great alternative for new traders.
Is Axi a good broker for beginners?
Axi provides comprehensive customer support to cater to its global client base, ensuring traders have access to assistance when needed. Support is available 24/5 through multiple channels, including live chat, email, and phone. Testing Axi’s axitrader review mobile apps revealed a seamless and efficient user experience designed for traders at all levels. Both apps demonstrated robust performance, with intuitive navigation, fast execution speeds, and access to real-time market updates. Traders can monitor and modify their positions with ease, supported by an intuitive interface and powerful features. The platform offers real-time charting with a wide range of customizable indicators, allowing traders to perform detailed technical analyses.
Spreads, Commissions, and Fees
When opening your AXI account, confirm your choice of base currency at the start to help avoid unnecessary exchange fees on deposits, withdrawals, or trading activity. I appreciate the availability of stock and ETF CFDs, as it enables equity and sector exposure, though coverage is more limited than at brokers focused exclusively on equities. The crypto CFD range includes popular names such as Bitcoin and Ethereum, allowing for leveraged long or short positions—but there’s no support for holding physical crypto, staking, or stablecoins. Access to bonds and futures via CFDs modestly enhances diversification, yet these are offered in a smaller range than seen on multi-asset institutional-grade platforms.
Their webinars are detailed, and the trading guides are well-structured for beginners. I especially appreciated the demo account feature, which allowed me to practice without any financial risk. This allows me to fund my account without worrying about extra costs, which is a big plus for serious traders. Axi is one of the few brokers I’ve used where the trading environment feels genuinely fair. I monitor slippage regularly, and with Axi, it’s usually minimal, even during peak market hours. I’ve been trading with Axi for 6 months now, focusing on forex and indices.
Is Axi a regulated broker?
Regular updates ensure the platform stays optimized and secure, delivering a seamless trading experience. Axi offers a web-based trading platform through MT4 WebTrader, providing traders with the convenience of accessing their accounts directly from a web browser without needing to download any software. Additionally, Axi offers the Axi Copy Trading App, which is ideal for those who prefer to follow and replicate the strategies of experienced traders. This app enables users to explore successful trading strategies and copy them directly to their accounts, making it a valuable tool for new traders or those looking to diversify their portfolios.
AxiTrader At a Glance
Additionally, AxiTrader does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives. Founded in Sydney, Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading. Axi believes that traditional ECN connections are too slow for today’s traders as the layers of networks, cables, firewalls, and third-party platforms only add latency which costs the trader.
Accepted payment methods include credit and debit cards, bank wire transfers, and popular e-wallets such as Skrill and Neteller. Some crypto wallets may also be supported, depending on eligibility and region. The platform supports several major currencies, including CAD, USD, and EUR. Most deposits are processed instantly or within one business day, while withdrawals typically require 1–3 business days. AXI does not charge deposit or withdrawal fees, but third-party providers (banks, card issuers, or e-wallets) may apply service or conversion charges.
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. Social traders may rely on Axi’s Copy Trading App, giving them the opportunity to find top traders around the world, and copy their trades. AXI is not directly regulated by Canadian authorities such as CIRO or IIROC.
Between 74-89% of retail investor accounts lose money when trading CFDs, forex, and spread betting. You should consider whether you can afford to take the high risk of losing your money. Independent Investor offers an unbiased and independent broker comparison service, but we may receive compensation from the listed brokers.
AxiTrader lets you enjoy trading wherever you are whenever you want with its mobile trading. It is quick and easy to install, full of functions like charts, alerts, and analysis to help you keep pace with the market in real-time. AxiTrader mobile trading app connects your main MT4 trading terminal to give you trading flexibility to the maximum. You can follow all the ups and downs with real-time updates by viewing live pricing.
- Additionally, there are no hidden fees, and their transparency around costs is refreshing.
- He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
- MT4 Standard Account offers 80 currency pairs, no commission, no minimum deposit, free setup, and download.
- These trusted relationships enable the broker to offer you a more reliable trading experience, with better pricing and faster execution speeds.
- CFDs are complex financial instruments and carry a high risk of losing money quickly due to leverage.
Axi Group: Regulated Broker with Varied Offerings
Axi’s entire range of trading instruments is available via the high-performance MT4 interface. MT4 includes a user-friendly interface and a variety of perks and features, such as technical indicators for chart analysis, automated trading, one-click trading, and versatile charts and tools. Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading. From our comprehensive research, Axi stands out as an average choice for traders looking to engage in forex and CFD trading. Axi’s offerings and service quality deliver an acceptable but not superior trading environment, ideal for traders seeking a solid trading platform with basic features.
The focus remains on competitiveness and client satisfaction rather than incentives. Overall, AXI’s CFD cost structure is competitive, especially for major FX and indices, with raw spread Pro pricing for high-frequency traders and simple commission models on stocks. All swap/overnight fees are shown in MetaTrader pre-trade, and there are no hidden markups or access charges. I took the time to open, fund, and actively trade with AXI to get a practical sense of its strengths and weaknesses for Canadian users.