Axi Review
| No Bonus | |||
| Regulated – ASIC, FCA, DFSA, FMA | |||
| Overview | |||
| Headquarters: Sydney, Australia | |||
| Regulated By: ASIC, FCA, DFSA, FMA | |||
| Foundation Year: 2007 | |||
| Min. Deposit: $0 | |||
| Max. Leverage: 1:500 | |||
| Deposit Options: Visa, Mastercard, Maestro, Skrill, Neteller, Bank Transfer | |||
Axi |
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| Overview | |||
| Axi has been operating for more than ten years and has built up a reputation as a trustworthy online broker. Simple account options, strict regulation, and the latest trading tool make it a great platform for all traders. There is no required minimum deposit and all clients have access to a dedicated account manager. Overall Axi is good for beginner traders. | |||
| Licence | Axi has been operating for more than ten years and has built up a reputation as a trustworthy online broker. Simple account options, strict regulation, and the latest trading tool make it a great platform for all traders. There is no required minimum deposit and all clients have access to a dedicated account manager. Overall Axi is good for beginner traders. | ||
| Details | |||
| Broker | Axi | ||
| Website URL | https://www.axi.com/au | ||
| Founded | 2007 | ||
| Headquarters | Australia | ||
| Bonus | No | ||
| Regulated | ASIC, FCA, DFSA, FMA | ||
| Tier 1 | Yes | ||
| Tier 2 | No | ||
| Type | Market Maker | ||
| ECN Account | Yes | ||
| DMA Account | No | ||
| Metatrader 4 | Yes | ||
| Metatrader 5 | No | ||
| Islamic Account | Yes | ||
| Instruments | CFD, Forex, Crypto, Spreadbetting | ||
| Min. Trade | 0.01 Lots | ||
| Currency Pairs | Yes, 80 major pairs | ||
| Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD. |
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| Deposit & Withdrawal Methods | Credit & Debit card, Bank wire, Skrill, Neteller, China Union Pay, FasaPay, Thai International Banking, Vietnamese Instant Banking, Polish Instant Banking |
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| Min. deposit | $0 | ||
| Withdrawal fee amount | 3rd party fees | ||
| Demo Account | Yes | ||
| Mobile Apps | Yes | ||
| Social Trading | No | ||
| Copy Trading | No | ||
| Trading Signals | Yes | ||
| Customer Support | Phone, email, online request, live chat |
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| Pros | |||
| Full digital account opening | |||
| Regulated and licenced broker | |||
| Low trading fees | |||
| No deposit or withdrawal fees | |||
| No inactivity fee | |||
| Cons | |||
| Only trading in Forex and CFDs | |||
| Limited research tools | |||
| Account Types | |||
| Standard Account | Pro Account | Elite Account | |
| Setup cost | Free | Free | Free |
| Spreads | From 0.4 pips | From 0.0 pips | From 0.0 pips |
| Commission | None | $7 round trip (USD) | $3.50 round trip (USD) |
| Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Minimum deposit | $0 | $0 | USD 25,000 |
| Products | 140+ FX pairs, Metals CFDs | 140+ FX pairs, Metals CFDs | 140+ FX pairs, Metals CFDs |
| Pricing | 5 digit pricing | 5 digit pricing | 5 digit pricing |
| Mobile trading | Yes | Yes | Yes |
| MT4 NextGen | Yes | Yes | Yes |
| Margin/Leverage | Up to 30:1 for Retail Clients | Up to 30:1 for Retail Clients | Up to 400:1 |
| Base account currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD |
| Demo period | 30 days | 30 days | 30 days |
| EA compatibility | Yes | Yes | Yes |
| VPS | Free** | Free** | Free** |
| Autochartist | Free | Free | Free |
| myfxbook Autotrade | Free | Free | Free |
| PsyQuation | Free | Free | Free |
| PsyQuation Premium | Free | Free | Free |
| Suitable for | All clients | All clients | Wholesale & Professional clients only |