Axi Review

Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. 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.

 

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Account Types

Axi offers two different accounts: standard; and pro. The only difference between the two relates to the commission charges. As indicated earlier, the spreads for a standard account start at 1.0 pips, but no commission is charged. In comparison, the pro account spread starts at 0.0 pips, but $7 AUD is charged on each trade.

Assets & Markets

The markets which Axi offers are:

• Forex trading over 61 different currencies and 80 major currency pairs
• Cryptocurrencies, including Bitcoin, Litecoin, Ethereum and many more
• CFDs: shares, bullion; commodities; metals; gold & silver trading; oil trading; indices trading

Spreads & Commission

Generally, the spreads offered by Axi are competitive or in line with what you will find on other sights. For example, the average spread for EURUSD in a standard account is 1.24 (0.44 in a pro account). The average spread for GBPUSD is 1.73 (0.85 in a pro account) and for AUDUSD 1.32 (0.42 in a pro account). These figures were dated February 2017.

If you open a standard account with Axi, there is no commission for trading. That said, spreads available for standard account holders only start at 1.0 pips. In comparison, the pro account charges $7 USD round trip commission, but spreads start from 0.0 pips.

Ultimately, the most cost-effective for a customer is determined by the amount and level of trading which they wish to complete. These charges are roughly in line with the industry standard and are more competitive than those offered by some other brokers.

Leverage

Leverage levels can be set according to individual preferences. Axi offers leverage of up to 400:1. This is considered to be relatively high within the industry, although there are a number of platforms out there which also offer 400:1; some offer up to 500:1. As an FCA regulated broker, European traders may see leverage restricted to 1:30 (1:2 on Crypto) in line with the ESMA regulations in the EU.

Deals and Promotions

Axi offers a comprehensive selection of educational tools, including webinars, video tutorials; online education; and e-books. There is also a wide range of trading resources to assist active traders, such as an FX economic calendar; notice of market holidays; future CFD rollover dates; and a dividend forecast schedule.

Deposits and Withdrawals

Axi offers several deposit payment methods with its own currencies that it supports.

Payment methods with their own supported currencies are:

• Credit/Debit Card – AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD
• POLi – AUD, NZD
• Bpay – AUD
• Bank Transfers – AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
• FasaPay – IDR, USD
• Sofort – EUR
• Neteller – AUD, CAD, CHF, EUR, GBP, JPY, PLN, SGD, USD
• Skrill – AED, CAD, CHF, EUR, GBP, HKD, INR, JPY, PLN, SGD, NZD, SAR, SGD, USD, ZAR
• Giropay – EUR
• IDeal – EUR
• AliPay – CNY USD
• Bitcoin – BTC