Compare fees, and features—trade smarter with expert insights! Understand key terminology with examples and learn how to make your first successful trade. The radar chart to the left shows how important each category is when calculating a broker’s final score. The live chat agents were also responsive and highly knowledgeable.
Copy Trading
When you complete a live or demo application and create an account, you will be sent a link to download the platform on your preferred computer or device. Simple for beginners and full of advanced tools for pros, the MT4 platform helps you unlock new trading opportunities. MetaTrader 4 is the smart choice for online traders looking to hone their trading edge.
Be aware that you will pay a conversion fee if the base currency of your account is anything other than your deposit currency. A well-regulated broker, Axi ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Although Axi only supports the MetaTrader 4 (MT4) platform, it is truly customisable, with a range of tools and plugins that can be added to the platform to make it more powerful. Axi is an MT4-only broker, but this singular focus provides one of the best MT4 trading experiences in the world. The Elite Account is designed for wholesale or professional traders. This gives you access to over 70 FX pairs, free AutoChartist, and a free VPS service (the VPS service is subject to a minimum trading volume).
We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. But by trading with Axi’s FSA registered subsidiary, traders will have much fewer protections than they would with other brokers An Australian broker with an excellent reputation, Axi is an MT4-only broker with three low-cost trading accounts and some of the best trading tools in the industry.
Risk
Axi offers three MT4 market-execution accounts, two with no minimum deposits and a professional trading account with a very high minimum deposit, but extraordinarily low trading costs. Founded by traders and with them in mind, this market-maker offers an array of tools and financial instruments that benefit any market strategy, and it doesn’t distract customers with a confusing jumble of account types or unnecessary frills. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Explore the best Forex brokers for beginners, with user-friendly platforms, educational resources, and demo accounts. Elite account-holders also have access to exclusive market analysis, free VPS services, and specialised trading tools.
Account Trading Costs
Opening an account at Axi is a quick and hassle-free process. Traders in the UAE will trade with AxiCorp Financial Services Pty Ltd is regulated by the Dubai Financial Services Authority (DFSA). With competitive pricing on raw spreads, high liquidity, and fast execution Axi is our best ECN broker of 2020. We were also impressed that beginners have access to high-quality, structured learning material and frequent market analysis.
It has a minimum deposit of 25,000 USD, spreads that start at 0.0 pips on the EUR/USD, and a commission of only 3.5 USD round trip, making it one of the lowest cost accounts in the industry. The Standard Account has the trading costs included in the spread while the Pro and Elite accounts offer tighter spreads and a small commission per trade. Axi’s range of financial instruments to trade is smaller than most other brokers. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. Beginners will enjoy the standard MT4 and accompanying tools, especially those available from MT4 NextGen, while advanced traders and can connect directly with value-added third-party services.
Our Company
With headquarters in highly regulated financial jurisdictions, customers can trade confidently knowing that the safety of their funds and personal information is kept securing, empowering clients to simply immerse themselves in the market. Additionally, in tandem with oversight from the Dubai DFSA, Axi ensures that traders from 150 countries can access the trading platform in a secure, compliant manner. These traders are protected with the countries’ strict rules and guidelines and should look to join Axi if they want to use the most established platforms like MT4, trade on margin, and prefer a low-spread model that only charges commission on its upper-tier account.
An well-regulalted Australian broker, Axi is well-known for being reliable and trustworthy.
Please note that to withdraw funds, you will need to have at least one bank account saved and verified. You will see the following details appear (the bank account details will adjust automatically to display the correct option). If you choose to fund your account by bank transfer, please keep in mind that it might take 2-3 business days for the funds to arrive and be credited to your MT4 account. Once the payment has been processed, the funds will appear in your MT4 account almost instantly. Here’s an example of what happens when you choose to fund your account using “Mastercard/Visa”. Deposits by debit and credit card are generally instant, while deposits by bank transfer can take up to 2-3 business days or more.
People of any experience level can appreciate an accessible customer support team, a plethora of tradable assets, deep leverage options and the ability to plug in some useful third-party trading applications. This also extends to fees and spreads, with no fees on money transfers, and spreads across all Axi account types representing some of the most competitive in the industry. Axi has made giant strides since its inception in 2007 to become a top global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. We believe in rolling our sleeves up and getting stuck in, being part of the communities where we live and work. We want to make the world of trading a better place, but we want to make other positive changes too.
- You can also Contact Axi via phone, email or live chat to request a download link.
- MT4 NexGen provides you with enhanced ordering, sentiment trading and management tools.
- Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
- This gives you access to over 70 FX pairs, free AutoChartist, and a free VPS service (the VPS service is subject to a minimum trading volume).
- Axi Select is a unique capital allocation program that was specifically designed to help you succeed as a professional trader.
Trading Fees
- As soon as your bank account has been verified by our team, you’ll be able to withdraw funds instantly for future transactions.
- On Pro accounts, there’s a $7.00 roundtrip commission on each trade ($3.50 when opened and $3.50 when closed).
- This support will help you get started and learn how to trade at any time of day that suits your schedule.
- Please ensure that you are fully aware of the risks involved and refer to our Risk Disclosure Statement.
- There are no fees charges on deposits or withdrawals, though some supported payment methods like Skrill do impose a small third-party charge to Axi users.
To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat. Prices and exact services offered vary by provider, but some are free once you hit a minimum trading volume of 20 lots PCM. Axi has a carefully selected range of trading tools that all MT4 users will find useful.
Latest company news
We’ve tested hundreds of Forex brokers to find the safest, low-cost, and reliable brokers. Check out these other guides to enhance your forex trading knowledge and skills. Explore axi forex broker more resources that fellow traders find helpful!
Axi is a trading name of Solaris EMEA Ltd which is registered in Cyprus under registered number HE376148. If necessary, seek independent financial advice. Please ensure that you are fully aware of the risks involved and refer to our Risk Disclosure Statement. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Start trading with a global and valued trading partner.
Gain access to forex, commodities, shares, indices, and cryptocurrencies You could lose substantially more than your initial deposit. Investing in CFDs carries significant risks and is not suitable for all investors.
Pros and Cons
What is a spread in trading, what is spread trading itself, and how to trade spreads? Fundamental tools, training resources, trading education and expert coaching to help you continuously improve. Get ready to stay ahead of the curve with our regular updates designed to help you make informed trading decisions. Don’t miss out on our weekly newsletter to further enhance your trading success. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.
User Experience
Axi offers an excellent range of trading tools that integrate seamlessly with the MT4 platform. It also charges no fees for deposits or withdrawals via any method, a rare feature amongst Forex brokers. Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal. With no minimum deposit, the MT4 Standard Account is a commission-free account where spreads start at 1 pip. Compared to other similar brokers, Axi’s account opening process is fast, hassle-free, and fully digital. European traders wii be trading with Solaris EMEA Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Axi Select welcomes traders with different abilities, strategies and experiences to make their way to the top through six progressive stages and benefit from profit-sharing up to 80%. To retrieve the correct bank account details, select “Bank Transfer”. Once you’re logged in, you’ll have a range of options to manage your Axi trading account. This email will contain your login information, which will include your trading account number (MT4 ID), password, and the server on which your trading account is located. To get started, you’ll need to set a password and fill out some sections like the trading account you want to sign up for and your experience with trading. It will require you to submit your full name, country of residence, mobile phone number, email address and select the appropriate account type (individual or joint).
To deposit funds, simply click “Add Funds” in the menu on the left side of the Client Portal. If you would like to make a bank withdrawal, you’ll need to verify your bank account details. You’ll clearly see which payment options are available for your account type. You can also Contact Axi via phone, email or live chat to request a download link. Once you’ve logged in, select ‘Download MT4’ from the main menu. We’ve put together some useful videos to walk you through the ins and outs of our MT4 platform.
