Axi (formerly AxiTrader) is a forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.
Axi offers a variety of trading platforms, including MetaTrader 4 (MT4) and cTrader. MT4 is the most popular trading platform in the world and is known for its ease of use and flexibility. cTrader is a newer platform that is designed for more experienced traders.
Axi offers a variety of account types, including a Raw Spread account, a Standard account, and a Islamic account. The Raw Spread account has the lowest spreads, but it also has a commission of $7 per round lot. The Standard account has wider spreads, but it does not have a commission. The Islamic account is designed for Muslim traders and does not charge swap fees.
Axi’s trading fees are competitive. The Raw Spread account has spreads from 0.0 pips, while the Standard account has spreads from 1.0 pips. The commission for the Raw Spread account is $7 per round lot, while the commission for the Standard account is $6 per round lot.
Axi’s customer support is available 24/7 by phone, email, and live chat. The customer support team is knowledgeable and helpful.
Advantages of Axi (Pros)
- Regulated by top financial authorities
- Wide range of trading instruments
- Variety of trading platforms
- Competitive pricing
- Variety of account types
- 24/7 customer support
Disadvantages of Axi (Cons)
- No mobile app for cTrader platform
- No price alerts on web trading platform
- Limited asset selection
Axi is a reliable and trustworthy forex broker that offers a good selection of trading instruments, platforms, and account types. It is a good choice for both beginner and experienced traders.
Here are some additional things to consider when choosing Axi:
- Minimum deposit: The minimum deposit for an Axi account is $200.
- Currencies: Axi supports a variety of currencies, including USD, EUR, GBP, AUD, and NZD.
- Demo account: Axi offers a free demo account that allows you to practice trading with virtual fun
- Regulation: Axi is regulated by top financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). This means that it is subject to strict rules and regulations, which helps to protect its customers.
- Trading instruments: Axi offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. This gives traders a variety of markets to choose from and trade.
- Platform quality: Axi offers a variety of trading platforms, including MetaTrader 4 and 5, cTrader, and its own proprietary platform, AxiTrader. These platforms are user-friendly and offer a variety of features to help traders trade effectively.
- Customer support: Axi offers 24/7 customer support via live chat, email, and phone. This ensures that traders can get help when they need it.
- Fees: Axi’s fees are competitive, with spreads starting from 0.0 pips on forex pairs. It also charges a commission of $7 per round lot.
Axi is ranked highly by many forex broker review websites. Here are some of their rankings:
- Investing Reviews: 4.5 out of 5 stars
- BrokerChooser: 4.4 out of 5 stars
- ForexBrokers.com: 4.3 out of 5 stars
- ForexPeaceArmy: 4.2 out of 5 stars
- Trustpilot: 4.2 out of 5 stars
These rankings are based on factors such as regulation, trading instruments offered, platform quality, customer support, and fees.
More Details About Axi:
- Name: Axi (formerly AxiTrader)
- Headquarters: Sydney, Australia
- Regulation: ASIC (Australia), FCA (UK), FMA (New Zealand)
- Founded: 2007
- Trading instruments: Forex, commodities, indices, cryptocurrencies
- Trading platforms: MetaTrader 4, MetaTrader 5, cTrader, AxiTrader
- Pricing: Competitive, with spreads starting from 0.0 pips on forex pairs
- Account types: Standard, ECN, Islamic, Pro
- Minimum deposit: $200
- Fees: Competitive, with spreads starting from 0.0 pips on forex pairs. It also charges a commission of $7 per round lot.
- Currencies: USD, EUR, GBP, AUD, and NZD
- Demo account: Yes, free demo account available
- Customer support: 24/7 support via live chat, email, and phone
Overall, Axi is a well-respected forex broker that is ranked highly by many review websites. It is a good choice for both beginner and experienced traders. If you are looking for a reliable and trustworthy forex broker, Axi is a good option to consider.