AXI Review 2023

Mark Fodor
Written by
Mark Fodor
Peter Lengyel
Fact checked by
Peter Lengyel
Jul 2023

Established in 2007, Axi stands as a respected Australian broker and a leading global provider of online forex and CFD trading. Offering a comprehensive range of trading instruments such as over 80 currency pairs, commodities, indices, and cryptocurrencies, Axi ensures an enhanced trading experience. Open an Axi account and harness the power of their MetaTrader 4 and MetaTrader 5 platforms, two of the industry's most favored trading environments.

Regulated by key authorities like the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA), Axi emerges as a good broker choice in the broker review circles. They cater to diverse trading styles and experience levels, offering a range of account types. With low fees and a clear minimum deposit requirement, payment methods are straightforward, making it simple for traders to get started.

Axi also provides a demo account, enabling traders to hone their skills before taking the high risk associated with live trading. However, it's essential to understand how CFDs work to minimize potential losses in the world of CFD trading.


Axi is a regulated broker
Offers a wide range of trading instruments, including over 80 currency pairs, commodities, indices, and cryptocurrencies
Provides a range of educational resources
MetaTrader 4 and 5 Support
Excellent Customer Support


Fees and commissions can be higher for traders who trade frequently.
Customer support may not be as responsive, especially during busy periods
Not available to traders in US, Canada and Japan
is AXI a legit broker?

Why we think you should have no worries using AXI:

Regulated by FCA, ASIC
Axi maintains segregated client accounts to ensure that client funds are kept separate
Transparency in their operations, including publishing regular financial reports
Axi offers negative balance protection
Axi has been in operation for over a decade and has a track record of providing a reliable and trustworthy trading environment for their clients

Regulatory Standards and the AxiTrader Review 2023

AxiTrader is 100% owned by AxiCorp Financial Services Pty Ltd, a company incorporated in Australia (ACN 127 606 348). AXI is regulated by the Australian Securities and Investments Commission (ASIC).

Axi Financial Services (UK) is authorized and regulated by the Financial Conduct Authority (FCA), with Firm Reference Number 466201.

Axi is a trading name of AxiTrader Limited (AxiTrader), which is incorporated in St Vincent and the Grenadines, number 25417 BC 2019 by the Registrar of International Business Companies, and registered by the Financial Services Authority, and whose address is Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines.

AxiCorp Financial Services Pty Ltd (DIFC Branch) is the registered branch of AxiCorp Financial Services Pty Ltd and is regulated by the Dubai Financial Services Authority (DFSA) with the number F003742

Australia Flag
AxiCorp Financial Services Pty Ltd
UK Flag
Axicorp Ltd
United Arab Emirates Flag
AxiCorp Financial Services Pty Ltd (DIFC)
St. Vincent Flag
AxiTrader Ltd
Regulations Australia ASIC UK FCA UAE DFSA SVG FSA
Segregated Client Money Yes
Investor Protection
Negative Balance Protection Yes
Maximum Leverage 1:30 1:500
AXI is regulated by ASIC and the FCA, both of which require the firm to hold client funds in segregated accounts. This means that client funds are kept separate from AXI's own funds, reducing the risk of commingling or misuse of client funds. In the unlikely event that AXI was to go out of business, client funds would be protected and available for return to clients.

In addition to segregation of client funds, AXI also provides negative balance protection for its clients. This means that clients cannot lose more than their account balance, even in the event of extreme market volatility. This provides an additional layer of protection for clients and helps to limit their exposure to risk when trading forex.

AXI has a Professional Indemnity Insurance policy in place, which is designed to protect the firm and its clients against any potential losses due to negligence, errors or omissions by the firm or its employees. This policy provides an additional layer of protection for clients and helps to further safeguard their funds. In the event that a client suffers a loss due to the negligence, errors or omissions of the firm or its employees, they may be able to make a claim against the policy to recover their losses.

Broker Account Types, Fees, and AxiTrader Pros and Cons

AXI offers a range of account options to suit the needs of different traders. Here are some of the account options available:

Standard Account

Designed for new traders or those who want to trade smaller amounts. The minimum deposit for this account is $0, and it offers competitive spreads, leverage of up to 1:500, and access to the full range of trading instruments.

Pro Account

Designed for more experienced traders who require advanced trading tools and features. The minimum deposit for this account is $1,000, and it offers tighter spreads, leverage of up to 1:500, and access to additional trading platforms, such as MT5.

Islamic Account

Designed for traders who follow Sharia law and require an account that complies with Islamic principles. The minimum deposit for this account is $0, and it offers the same features and benefits as the Standard Account, but with no interest charges or swap fees.

Demo Account

AXI offers a demo account option that allows traders to practice their trading skills and strategies in a risk-free environment. The demo account is funded with virtual money, and it offers access to the same trading instruments and features as the live accounts.

AXI offers a good range of account options that cater to the needs of different types of traders, from beginners to professionals.

AxiTrader Deposit and Withdrawal Procedures

Account currencies AUD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD
Standard/RAW (MT4/MT5) accounts minimum deposit 0
Funding methods Bank Wire, Broker to Broker, China Union Pay,
Credit/Debit Cards, Neteller, Skrill
Deposit fees Axi does not charge fees for deposits
Deposit processing times from instant to 1 hour (bank wires up to 3 working days)
Withdrawal fees Axi does not charge additional fees for withdrawals
Withdrawal processing times variable, from instant to 1 day
Inactivity fee Axi does not charge an inactivity fee

AXI supports trading in a range of base currencies, including USD, GBP, EUR, AUD, CAD, CHF, JPY, NZD, SGD, HKD

This is important for two main reasons. Firstly, if you deposit funds into your trading account using the same currency as your bank account or if you trade assets in the same currency as your account's base currency, you can avoid paying conversion fees. Secondly, it allows for easier tracking and management of your account's funds, as all transactions are conducted in the same currency.

Deposit options

AXI offers various deposit options for its clients, including:

  1. Bank wire transfer
  2. Credit/debit cards (Visa, MasterCard)
  3. Skrill
  4. Neteller
  5. China UnionPay
  6. FasaPay
  7. PayTrust

The availability of specific deposit methods may vary depending on the client's country of residence and the regulatory jurisdiction.

You can only deposit funds from accounts that are registered in your name.

Withdrawal options

AXI provides the following withdrawal options for its clients:

  1. Bank wire transfer
  2. Credit/debit cards (Visa, MasterCard)
  3. Skrill
  4. Neteller
  5. China UnionPay
  6. FasaPay

It's important to note that the availability of specific withdrawal methods may vary depending on the client's country of residence and the regulatory jurisdiction. Additionally, withdrawals are usually processed using the same method used for depositing funds, and the processing time may vary depending on the method chosen. AXI provides detailed information about its withdrawal options and processes on its official website.

Trading Platforms Offered by AxiTrader: An In-depth Review

AXI offers a variety of trading platforms to its clients, including:

MetaTrader 4 (MT4)

A popular and widely-used platform is the MetaTrader 4 that supports trading in multiple asset classes, including forex, stocks, commodities, and cryptocurrencies.

MetaTrader 5 (MT5)

A newer version of the MT4 platform that includes additional features and functionality is MetaTrader 5, such as more advanced charting tools and the ability to trade more asset classes.


A platform specifically designed for ECN trading is cTrader, which offers fast execution speeds and advanced trading tools.

Mobile Trading Platforms

AXI offers mobile versions of MT4, MT5, and cTrader, which allows traders to access their accounts and trade on-the-go.

AXI also offers a range of trading tools, including Autochartist, Myfxbook, and Trading Central, which can be integrated into the trading platforms to enhance the trading experience.

Range of Markets and Products in AxiTrader 2023 Review

AXI offers a range of markets and products for its clients to trade, including:


AXI provides access to over 80 forex pairs, including major, minor, and exotic pairs.


The broker offers CFDs on a range of global indices, including the US30, UK100, and JPN225.


AXI offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.


AXI provides traders access to CFDs on various commodities, such as gold, silver, oil, and natural gas.


The broker provides access to CFDs on shares from various markets, including the US, UK, Europe, and Asia.


AXI also offers CFDs on futures, including major global futures markets such as the CME, CBOT, and EUREX.

Analysis of AxiTrader's Research Tools and Forex Trading Capabilities

AXI Research

AXI offers a range of research materials to its clients.

Daily market analysis

AXI provides daily market analysis covering various asset classes, including forex, stocks, and commodities. The analysis includes technical and fundamental insights and is provided by AXI's team of analysts.

Economic calendar

AXI offers an economic calendar that provides clients with information on upcoming economic events and their potential impact on the markets.

Trading signals

AXI provides trading signals that clients can use to help them make trading decisions. The signals are based on technical analysis and are provided by a third-party provider.

Trading Central

AXI has partnered with Trading Central to provide clients with technical analysis tools and market research. Trading Central offers a range of indicators and chart patterns that clients can use to help identify potential trading opportunities.

Educational resources

AXI offers a range of educational resources to help clients improve their trading skills. These resources include webinars, video tutorials, and trading guides.

Overall, AXI's research offerings provide clients with a range of tools and resources to help them stay informed about the markets and make more informed trading decisions.

Educational Resources for AxiTrader Forex Broker Customers

AXI Education

Axi offers a range of educational resources to its clients to help them improve their trading skills and knowledge. Some of the educational resources offered by Axi include:

Trading guides and tutorials

Axi provides a range of trading guides and tutorials on topics such as technical analysis, fundamental analysis, and risk management.


Axi regularly hosts webinars featuring experienced traders and market analysts who share their insights and trading strategies with clients.

Video tutorials

Axi also offers a range of video tutorials covering various aspects of trading, including trading platforms, charting tools, and trading strategies.

Trading glossary

Axi provides a comprehensive trading glossary that explains key terms and concepts related to trading.

Demo account
Axi offers a free demo account to its clients, which allows them to practice trading in a risk-free environment using virtual funds.

Overall, Axi's educational resources are designed to help traders of all levels improve their trading skills and knowledge, and ultimately make more informed trading decisions.

Evaluating AxiTrader's Customer Support: Axi Customer Reviews 2023

Live chat

AXI offers live chat support through their website, where clients can connect with a support representative in real-time to receive assistance and guidance on various topics. The live chat support is available 24/5 from Monday to Friday and provides clients with a quick and efficient way to get their questions answered.


AXI offers email support to its clients. Clients can send an email and receive assistance from the support team. The support team is available 24/5 and aims to respond to all queries within 24 hours.

AXI Contact
AXI offers phone support to its clients. Clients can find the phone numbers of the AXI offices on the "Contact Us" page of the AXI website.

AXI's phone support option is available in multiple languages, including English, Spanish, Arabic, and Chinese. Clients can call the support team directly during operating hours to speak with a representative who can assist them with their inquiry.
AXI Contact Center

AXI also offers a comprehensive FAQ section on their website, which may help to answer common questions and provide additional information to clients.

Overall, AXI's customer service options are comprehensive and provide clients with multiple ways to receive support and assistance.


How can I open an account with AxiTrader?
Opening an account at Axi is straightforward. Visit Axi's website and follow the instructions to get started with Axi.

Is Axi a trustworthy broker?
Yes, the review of Axi indicates that it's a trustworthy broker. It's regulated by multiple financial authorities, providing a secure platform for trading.

What deposit or withdrawal methods does Axi accept?
Axi accepts various payment methods for deposit or withdrawal. These include bank transfers, credit/debit cards, and some online payment services.

Can I trade using my mobile device with Axi?
Yes, Axi offers mobile trading. The Axi mobile trading platform is user-friendly and allows you to trade anytime, anywhere.

Are there any charges that Axi imposes on its clients?
Yes, Axi charges some fees, which can vary based on your trading activity and the account type. However, opening an account with Axi requires no minimum deposit.

How responsive is Axi's customer support?
Axi's customer support is highly responsive. They strive to provide prompt and efficient service to all Axi clients.

Does Axi offer multiple account types?
Yes, Axi offers three account types to cater to the needs of different traders. The broker also offers a demo account for practice.

What should I consider when choosing Axi as my broker?
When considering Axi, review the broker according to your trading needs, their fee structure, the trading platform usability, customer support responsiveness, and deposit/withdrawal options. 

Is Axi's trading platform user-friendly?
Yes, trading at Axi is made user-friendly with their intuitive trading platform, making the broker ideal for both beginners and seasoned traders.