Axi Review

Axi Review 2024 - Learn everything in this tell-all broker review - pros, cons, features, fees & more on one of the fastest growing Asia brokers with 200K+ loyal traders.

When it comes to trading forex, stocks, and CFDs online, finding the right brokerage matters. Your platform, asset access, pricing, safety and support can make or break profitability and peace of mind.

That’s why properly evaluating brokers like Axi on key criteria deserves detailed inspection before depositing your capital. After rigorous profiling as an independent third party, we cut through promotional hype to serve unbiased facts and experiences that empower your decisions.

Axi Review 2024

In this Axi broker review spanning eight critical dimensions, you’ll discover:

  • πŸ“ˆ Axi’s Background – Years in business, founders, awards
  • πŸ’» Platforms & Tools – MT4, MT4 WebTrader, Mobile app capabilites
  • πŸ“Š Markets & Assets – Stocks, forex, crypto, ETFs, bonds
  • πŸ’³ Payment Methods – Deposit and withdrawal fees, limits
  • πŸ’· Costs – Trading commissions, overnight financing rates
  • πŸ’± Regulation & Safety – Licenses, fund segregation
  • πŸ†• Pros & Cons – Key strengths and weaknesses
  • βš–οΈ Final Verdict – Can you genuinely trust Axi?

Arm yourself with information, weigh the pros and cons transparently, and determine if this global, award-winning broker makes the cut for your trading style and risk tolerance.

The choice seems clear to over 60,000 clients so far. Now let us present the facts so you evaluate if Axi should be your partner going into 2024 and beyond!

Company – What is Axi?

Axi is an online brokerage firm providing trading services across global markets like forex, stocks, indices and commodities. Originally founded in 2007 under the name AxiTrader, the company rebranded as “Axi” in 2020 as part of an expansion effort.

AxiTrader is fully owned by AxiCorp Financial Services Pty Ltd, a company incorporated in Australia (ACN 127 606 348). The current CEO is Rajesh Yohannan, who previously served as Managing Director and CEO at OANDA. Under Yohannan’s leadership, Axi customer base has swelled to over 200,000 clients across 90+ countries.

In terms of reach, they have rapidly expanded in recent years – serving Chinese, British, European, Latin American and Middle Eastern markets with localized language support like Mandarin and Arabic.

As for awards and partnerships – Axi is certainly an acclaimed brokerage in the industry. They’ve received over 40 international forex awards honoring their trading platforms, market research tools, competitive pricing and customer support. Axi also sponsors the soccer/football club Chelsea FC as their “Official Online Trading Partner” – connecting the brokerage’s brand to one of the top teams in the English Premier League.

Trust – Is Axi Safe?

I know the decision to choose a broker feels personal – after all, you’re entrusting them with your hard-earned capital. But what truly builds trust in this industry boils down to transparency and commitment to security. On both those fronts, Axi excels beyond regulatory requirements alone.

For one, Axi segregates all retail client funds in tier 1 bank accounts with National Australia Bank, one of Australia’s “Big Four” banks. This meets and exceeds ASIC’s regulatory standards for keeping client assets separated from company assets.

Additionally, client funds are further protected by an insurance policy up to $1 million per client through Lloyd’s of London. So even in an extremely unlikely situation, client deposits have an extra safeguard.

When it comes to transparency – unlike most brokers, Axi publishes full annual financial statements directly on their website that have been independently audited by PricewaterhouseCoopers (PwC). Traders can validate the company’s strong balance sheet themselves.

Axi also undergoes regular external audits on things like capital adequacy and cybersecurity standards. Their latest audit revealed Axi maintains a substantial 13.8% capital adequacy ratio – well above the 8% minimum requirement. This demonstrates the stability clients demand.

And with over 60,000 active accounts trading $8.5 billion per month, Axi has earned an enormous amount of trust in competitive markets like Asia and Australia. Their extensive client base is testament to keeping funds secure and delivering trading services clients continually rely on.

Trading Platforms

When you open an account with Axi, you gain access to a suite of powerful platforms – including the popular MetaTrader 4 (MT4). Known for its customizability and advanced charting capability, the MT4 platform allow traders to conduct technical analysis, build and backtest Expert Advisors, and execute trades quickly through a desktop application.

Axi Review - Trading Platforms

For those seeking a simpler web-based experience, Axi also provides AxiTrader – an intuitive browser-based platform requiring no software download. You can analyze price charts, place and modify orders, and manage positions directly through your web browser. Key features include customizable layouts, a variety of order types, plus embedded news and market data to complement your technical analysis.

Rounding out Axi’s platform options is the mobile trading app.

Available for both Android and iOS devices, the mobile app enables you to monitor currency and CFD markets on-the-go while retaining the functionality to open and close positions seamlessly from your smartphone or tablet. So whether sitting at your home desktop or traveling abroad, Axi equips you with an array of robust trading tools.

Deposits and Withdrawals

Funding your Axi account is straightforward – with multiple payment methods accepted to add trading capital quickly. Deposits can be made via bank wire, major credit/debit cards like Visa and Mastercard, or e-wallet services such as Neteller and Skrill. Best of all, Axi does not charge fees on deposits.

Once your account is funded, accessing your capital is easy as well. Withdrawal requests can be processed back to the original payment method used for deposits. Typical withdrawal times are 1-2 days for e-wallets or 3-5 days for bank wires.

The team at Axi aims to handle withdrawal requests promptly during business hours. However, additional verification checks or delays from intermediate banks could extend the processing period in some cases. It’s also key to note that encrypted electronic withdrawals are preferred over checks or cash withdrawals in most regions.

The minimum deposit and withdrawal amounts do vary by payment type too. Bank transactions often start from $200 or $300 minimums, while e-wallets and debit cards can enable smaller transfers down to $100. So check Axi’s website for the specific limits based on your region and currency. But overall, Axi strives to make depositing and withdrawing straightforward – just be sure to confirm transaction times for planning purposes.

Trading Fees

When it comes to costs, Axi offers competitive all-in spreads and transparent commissions across its product range. As a market maker for CFDs and margin FX pairs, Axi generates revenue through the spreads quoted. Average EUR/USD and UK 100 spreads sit around 0.9 pips and 1 point respectively. This spread mark-up is built into the pricing you see.

For standard account types, no commission fees are charged on trades. However, Axi’s spread-only model means financing fees apply for holding leveraged overnight deals open. Financing rates vary across asset classes based on benchmark rates plus a small margin. Typical financing fees range from 0.5% to 5% annually depending on your trade exposure.

Axi also offers commission-based accounts for active traders – with lower spreads but explicit commission fees per lot traded. These raw account types can reduce the overall costs for high volume traders. Lastly, unlike some brokers, Axi does not impose monthly data fees or inactivity fees which helps simplify costs. But interest on unused leverage still accrues, so sound risk management is key.

Customer Support

Stuck on a trading question or need help with your account? Axi provides customer support through multiple communication channels – including email, live chat, and phone support. Assistance is available 24 hours a day, 5 days a week by contacting their client services team.

Response times are generally prompt – with chat and calls answered within minutes during peak trading hours. Email turnaround is slightly slower at 24-48 hours, making chat or phone preferred for more urgent inquiries.

In terms of languages, Axi aims to deliver localized support for international clients. Their customer service reps are capable of assisting in English, Mandarin, Cantonese and Vietnamese. This language breadth reflects their expanding operations across the Asia Pacific region.

So whether you need guidance closing a complex position, clarity regarding regulatory compliance, or simply help accessing a trading statement – Axi’s multilingual, round-the-clock support has you covered. Reaching their helpdesk is easy by logging into your account and clicking the designated support tab too.

Regulation and Security – Is Axi Regulated?

When selecting a broker, it’s crucial your capital and data remain secure. That’s why Axi adheres to strict regulatory oversight and cybersecurity standards. As an Australian financial services provider, Axi holds an Australian Financial Services License (AFSL) issued by ASIC (Australian Securities and Investments Commission). At the international level, entities across Axi’s global network maintain appropriate licenses too – like the FCA in the UK.

These regulatory memberships obligate Axi to comply with financial reporting requirements and maintain adequate risk controls. For added transparency, client funds are held in segregated accounts at tier-1 banks to keep your trading capital isolated from Axi’s finances. Investor protections like negative balance protection also come standard.

Is Axi Safe?

Additionally, Axi employs enterprise-grade security measures like mandatory SSL encryption for your account access and two-factor authentication. By centralizing sensitive data in Azure cloud servers that are SOC-2 audited for cyber resilience, Axi upholds data confidentiality around the clock.

So you can have confidence that alongside dynamic trading platforms, Axi works diligently behind the scenes to ensure regulatory adherence and stringent cybersecurity standards safeguard your account.

Pros and Cons

When weighing the advantages and downsides of any broker, Axi certainly stacks up well on many counts. However, some key items to evaluate are:


  • Robust desktop & mobile trading platforms
  • Access to hundreds of markets across forex, indices, commodities
  • Competitive pricing & spreads from a market maker
  • ASIC regulated with client fund segregation
  • 24/5 multilingual customer support


  • Execution speeds slower on AxiTrader web platform
  • Asset availability varies across regions
  • No Expert Advisor support on AxiTrader
  • Higher financing fees for leveraged overnight trades

As you can see in this review, Axi delivers extensive marketplace access through a well-rounded suite of trading platforms. The breadth of assets plus transparent, competitive spreads make it appealing for active investors seeking exposure across forex, global indices, commodities and more. While the tools cater more toward experienced traders, convenience features like multilingual support, mobile access, and e-wallet funding/withdrawals are definitely strong points to consider when comparing brokerages targeting Asia Pacific clients.

Axi Review – Conclusion

In closing this Axi review, we can say his broker delivers a well-rounded trading experience blending transparency, security, and access to hundreds of global markets. With regulation across major jurisdictions, robust trading platforms, and responsive multilingual support – Axi caters to active traders spanning beginners to professionals.

If you’re evaluating brokers for maximum flexibility, advanced charting capabilities, and competitive spreads, key highlights include:

  • Regulated across major jurisdictions like Australia and UK
  • Suite of powerful platforms (MT4, Mobile App)
  • Access to forex, global indices, commodities, crypto CFDs
  • Transparent and competitive pricing plus financing
  • 24/5 multilingual customer support

While no brokerage is perfect across all dimensions, Axi checks the core boxes for active traders focused on forex, indices, commodities and more. And by upholding security and trust through regulatory compliance, they enable you to access diverse trading opportunities.

So for an all-in-one platform to seize opportunities across currencies, stocks, futures and more – explore opening an account with Axi. Their startup guides and support team make getting started straightforward.