Recommended for
- forex trading 4.2/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
2,031
people
chose this broker in the last 6 months
BrokerChooser Score
4.4/5
Axi review summary
Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you conversion costs. Like most competitors, Axi uses the well-known MetaTrader 4 trading platforms, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies.
Is Axi a legit broker?
See how Axi is regulated and whether you should have any concerns using it.
Axi pros and cons
Pros
Cons
- Low forex fees
- No withdrawal/deposit fees
- Fully digital account opening
- Only forex and CFD trading
- Limited research tools
- 24/5 customer service
Axi main highlights
🗺️ Country of regulation
UK, Australia, Dubai, St. Vincent and the Grenadines
💰 Trading fees class
Low
💰 Inactivity fee charged
Yes
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$0
🕖 Time to open an account
1-3 days
💳 Deposit with bank card
Available
👛 Depositing with electronic wallet
Available
💱 Number of base currencies supported
11
🎮 Demo account provided
Yes
🛍️ Products offered
Forex, CFD, Crypto
Fees
Axi has low forex and CFD fees, and deposits and withdrawals are free of charge.
Account opening
Account opening at Axi is user-friendly and fully digital, but it takes a bit longer than at similar online brokers.
Deposit and withdrawal
Axi charges no deposit or withdrawal fees. You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards.
Web trading platform
The web trading platform of Axi (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks price alerts.
Mobile trading platform
Axi has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function. However, it lacks a safer login.
Desktop trading platform
In design and functionality, Axi’s MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on it.
Markets and products
At Axi, you can trade only forex and CFDs. Other popular asset classes like real stocks or ETFs are not available.
Research
Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar.
Customer service
Axi can be contacted via phone, live chat and email. We received quick and mostly relevant answers to our questions. However, customer service is available only 24/5.
Education
Axi does a great job when it comes to education. You can use a demo account, watch high-quality videos and read great ebooks. However, not all content is available in English.
Safety
Axi is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn’t hold a banking license.