Introduction

Axi (formerly AxiTrader) is a well-established global online Forex and CFD broker, renowned for providing a robust trading environment for both novice and experienced traders. Since its inception in 2007, Axi has built a strong reputation for offering competitive pricing, advanced technology, and comprehensive support, primarily leveraging the popular MetaTrader 4 (MT4) platform. Regulated by top-tier financial authorities, Axi aims to empower traders with reliable access to global financial markets.

Key Features

• MetaTrader 4 Platform: Axi exclusively offers the industry-standard MT4 platform, enhanced with various tools and add-ons.
• Asset Variety: Traders can access a wide range of CFDs including Forex (major, minor, exotics), commodities (gold, silver, oil), indices, and cryptocurrencies.
• Competitive Spreads & Commissions: Axi provides competitive pricing structures across its account types, with raw spreads available for Pro and Elite accounts.
• Robust Regulation: Axi operates under the supervision of multiple reputable financial bodies, including the Australian Securities and Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), and the Dubai Financial Services Authority (DFSA).
• Advanced Trading Tools: Access to tools like PsyQuation (AI-powered performance analytics), AutoChartist (automated chart pattern recognition), and a free VPS for eligible clients.
• Multiple Account Types: Catering to different trading needs, Axi offers Standard, Pro, and Elite accounts, each with distinct features regarding spreads and commissions.
• Educational Resources: A rich library of educational materials, including webinars, articles, market analysis, and trading guides to help traders improve their skills.
• Dedicated Customer Support: 24/5 multilingual customer service via live chat, email, and phone.

Pros

• Strong regulatory oversight from top-tier authorities like ASIC and FCA provides a high level of trust and security.
• Industry-leading MetaTrader 4 platform, enhanced with useful third-party tools and add-ons.
• Very competitive pricing with raw spreads on Pro and Elite accounts, suitable for high-volume traders.
• Excellent range of educational content and market analysis for trader development.
• Reliable trade execution and robust infrastructure.
• Transparent fee structure with no hidden costs for deposits and withdrawals (for most methods).
• Free VPS hosting for clients meeting certain criteria, which is beneficial for automated trading strategies.

Cons

• Limited platform choice, as Axi primarily focuses on MT4 and does not offer MT5 or any proprietary platform.
• The asset selection, while good for Forex and CFDs, is not as broad as some multi-asset brokers that offer direct stock or ETF investments.
• Some advanced trading tools and lower spreads are only accessible to clients who meet specific deposit or trading volume requirements.
• The Standard account spreads might not be the most competitive for casual traders compared to some other brokers.
• Services are not available in all countries, notably the United States.

Pricing

Axi offers a tiered pricing structure designed to accommodate various trading styles and volumes.

• Standard Account:
  • Spread-based pricing model.
  • Spreads typically start from 0.9 pips on major currency pairs like EUR/USD.
  • No commission charged per trade.
  • Ideal for new traders or those who prefer a simpler pricing structure.
• Pro Account:
  • Raw spreads, typically starting from 0.0 pips on major currency pairs.
  • A commission of approximately $7 USD round-turn (for 1 standard lot) is applied.
  • Designed for experienced traders and scalpers who require the tightest possible spreads.
• Elite Account:
  • A premium account for high-volume traders, offering even lower commissions.
  • Requires a higher minimum deposit (e.g., $25,000 USD).
  • Commissions are typically lower than the Pro account (e.g., $3.50 per side or $7 round-turn but negotiable based on volume).
• Other Fees:
  • Swap Fees: Overnight financing charges or credits applied to positions held open past a certain time.
  • Inactivity Fees: Axi generally does not charge inactivity fees, but it’s always good to check their latest terms and conditions.
  • Deposit/Withdrawal Fees: Axi typically does not charge fees for deposits or withdrawals via common methods, though third-party payment providers might impose their own fees.