Axi Review

Active forex and CFD traders

ASIC FCA DFSA FMA CySEC

Founded 2007 · Australia

Why investors choose this broker

No minimum deposit on Standard and Pro accounts
Raw spreads from 0.0 pips on Pro account
Regulated by ASIC, FCA, DFSA, FMA and CySEC
MT4 and MT5 both available

Review summary

Axi is a Sydney-based forex and CFD broker founded in 2007, offering MT4, MT5 and a proprietary platform with 650+ markets and a funded trader program.

Pros

No minimum deposit on Standard and Pro accounts
Raw spreads from 0.0 pips on Pro account
Regulated by ASIC, FCA, DFSA, FMA and CySEC
MT4 and MT5 both available
Axi Select funded trader program with capital up to $1 million
Free demo account with virtual funds
650+ tradable markets including crypto perpetual futures
No deposit fee for standard payment methods

Cons

Inactivity fee of $10 per month after 12 months
$25 withdrawal fee on amounts below $50
Elite account requires $25,000 minimum deposit
Limited stock CFD range compared to dedicated stock brokers
Demo account limited to 30 days
No ETF products available
US clients not accepted

Company background

Axi was founded in Sydney, Australia in 2007 as AxiTrader, a two-person startup focused on forex and CFD trading. The company rebranded to Axi in 2020 and has since expanded into a global group operating through regulated entities across multiple jurisdictions. Axi serves clients in over 100 countries and offers access to more than 650 markets, including forex, share CFDs, indices, commodities, crypto CFDs and crypto perpetual futures. The company also runs the Axi Select funded trader program, which allocates live trading capital of up to $1 million to qualifying traders.

Fees and pricing

Axi offers three account types. The Standard account has no commission and targets traders who prefer straightforward pricing; average EUR/USD spreads are around 0.7-0.9 pips. The Pro account charges $7 per standard lot round-turn and offers spreads from 0.0 pips. The Elite account reduces the commission to $3.50 per round-turn and requires a minimum deposit of $25,000. Axi does not charge account opening or management fees. Deposits are free for most methods. Withdrawals are free for amounts of $50 or more; a $25 fee applies to withdrawals below that threshold. An inactivity fee of $10 per month applies when an account has had no open trades for 12 consecutive months.

Regulation and safety

Axi operates through entities regulated by ASIC (licence 318232), the FCA (licence 466201), the DFSA (reference F003742), the FMA (licence 518226) and CySEC (licence 433/23). Retail clients under FCA and ASIC supervision have access to the relevant investor compensation frameworks in their jurisdictions. Axi states that client funds are held in segregated accounts with reputable banks, separate from the company's own funds.

Platform experience

Axi supports MetaTrader 4 and MetaTrader 5 on desktop, web and mobile. MT4 is enhanced with the NexGen plugin, which adds additional chart types and trading tools. The Axi Trading Platform integrates TradingView charting and supports all major asset classes. The Axi Copy Trading app is available for users who want to follow or copy other traders. A demo account is available for 30 days on live market conditions.

Pros and cons

Axi's main advantages are its multi-regulator oversight, raw spreads from 0.0 pips on the Pro account, no minimum deposit on Standard and Pro accounts, and the Axi Select funded trader program. Drawbacks include a $10 monthly inactivity fee after 12 months, a $25 withdrawal fee on small amounts, no ETFs, a limited stock CFD range and a 30-day demo account limit.

Ready to open an account at Axi?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

Open Account

Your capital is at risk. Other fees apply.

Trading fees & commissions

Axi charges no deposit or account fees. The Standard account has no commission but wider spreads; the Pro account charges $7 per round-turn lot with spreads from 0.0 pips. An inactivity fee of $10 per month applies after 12 months of no trading.

Fees

Item	Fee
Cfds	Spreads vary by asset class; Standard and Pro structures apply
Crypto	Crypto CFDs and perpetual futures available; spreads vary by instrument
Margin	Overnight swap fees apply; triple rate charged on Wednesdays for most pairs
Account	Free
Deposit	Free for most methods; large card deposits may incur third-party provider charges
Inactivity	$10 per month after 12 consecutive months of no trading activity
Withdrawal	Free for withdrawals of $50 or more; $25 fee for withdrawals below $50

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
Axi Trading Platform
iOS app
Android app
Axi Copy Trading app

Regulation and investor protection

Axi operates through entities regulated by ASIC, FCA, DFSA, FMA and CySEC. Client funds are held in segregated accounts with top-tier banks, and retail clients under FCA and ASIC oversight have access to relevant investor compensation schemes.

Broker FAQs

Is Axi safe?

Axi operates through entities regulated by ASIC, FCA, DFSA, FMA and CySEC. Client funds are held in segregated accounts with reputable banks, separate from company funds.

Is Axi a scam?

No. Axi is regulated by ASIC in Australia, the FCA in the UK, DFSA in Dubai, FMA in New Zealand and CySEC in Cyprus. The broker has been operating since 2007.

Is Axi regulated and by whom?

Yes. Axi is regulated by ASIC (licence 318232), FCA (licence 466201), DFSA (reference F003742), FMA (licence 518226) and CySEC (licence 433/23).

Does Axi keep client funds in segregated accounts?

Axi states that client funds are held in segregated accounts with reputable banks, separate from the company's own operational funds.

What happens to my money if Axi goes bankrupt?

Retail clients under FCA supervision may be covered by the UK Financial Services Compensation Scheme. ASIC-regulated clients have access to relevant Australian investor protections. Client funds are held in segregated accounts at reputable banks.

What products does Axi offer?

Axi offers forex, CFDs on indices, commodities, share CFDs, crypto CFDs and crypto perpetual futures. The broker covers 650+ tradable markets across these asset classes.

Does Axi offer forex trading?

Yes. Axi offers 70+ currency pairs including major, minor and exotic pairs on both the Standard and Pro accounts.

Does Axi offer crypto trading?

Yes. Axi offers crypto CFDs and, as of 2025, over 150 crypto perpetual futures contracts. Spot crypto purchase is not available.

Does Axi offer stock trading?

Axi offers share CFDs covering around 100 stocks. These are CFD products and not direct equity ownership; no physical share investing is available.

What does Axi charge for forex trades?

On the Standard account, forex trades have no commission and average EUR/USD spreads of around 0.7-0.9 pips. The Pro account charges $7 per standard lot round-turn with spreads starting from 0.0 pips.

Is there a withdrawal fee at Axi?

Axi does not charge a withdrawal fee for amounts of $50 or more. A $25 fee applies to withdrawals below $50.

Does Axi charge an inactivity fee?

Yes. Axi charges $10 per month when an account has had no open trades for 12 consecutive months.

Does Axi have a demo account?

Yes. Axi provides a free demo account with virtual funds. The demo account is available for 30 days on live market conditions.

Does Axi have a mobile app?

Yes. Axi provides iOS and Android apps for MetaTrader 4, MetaTrader 5 and the Axi Trading Platform. A separate Axi Copy Trading app is also available.

Is Axi good for beginners?

Axi offers a free demo account, educational resources through Axi Academy and a commission-free Standard account with no minimum deposit. The range of products and leverage available may be more complex than beginners require.

Is Axi good for long-term investing?

Axi is primarily a CFD and forex broker. All positions are CFDs or derivatives, meaning there is no direct ownership of assets. An inactivity fee applies after 12 months of no trading, which may not suit long-term buy-and-hold investors.

Bottom line

Axi suits users who want competitive raw spreads on a multi-regulated broker with MT4, MT5 and a funded trader program for active forex and CFD trading. It may not suit users who want direct stock or ETF ownership, long-term passive investing, or a demo account without a 30-day expiry.

Axi

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.