BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Overall, our team of experts at BestBrokers believes that Axi may be a good choice for both beginners and professional traders who are looking to trade with fair and favorable trading conditions. At BestBrokers, we recommend that traders only transact with well-regulated online brokers, and Axi is one such broker.
Overall on Fees
We’ve put together some useful videos to walk you through the ins and outs of our MT4 platform. MT4 NexGen provides you with enhanced ordering, sentiment trading and management tools. Full of features and optimised for lightweight web-based performance, WebTrader gives you perfect functionality with the flexibility to trade using any internet browser, on any device. Discover how to enhance your MT4 trading experience with our range of advanced tools and analytics.
KYC Procedure for Account Creation and Depositing
Your Edge score is used to assess your funding eligibility; the higher the score the more funding you are eligible to receive as you progress through the trading program. It uses highly advanced analytics to assess your trading decisions and to help you identify areas of improvement in your trading. Performance in the Axi Select program is measured with a personalised ‘Edge score’, a numerical representation that grants you a comprehensive and distinctive insight into your trading abilities.
Compare the Standard, Pro, and Elite account type.Discover access to advanced trading tools and unlock a host of benefits tailored to your needs. The S8 TIGER offers a range of detectors, including flow counters and scintillation detectors, to meet modern process and quality control demands. Axi Select has been designed to provide a clear and structured pathway for traders to follow.
Deposit Fees
Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review. Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. The FCA and ASIC are top-tier regulatory authorities that provide traders with the assurance that a company is fully transparent and ethical in its business dealings.
- Since one standard lot represents 100 ounces, trading 0.10 lots equates to dealing with 10 ounces of gold.
- Supported by the reliable MT4 and MT5 trading platforms, Axi ensures your trades are executed with exceptional speed.
- The broker charges zero commissions for trading index CFDs and offers competitive spreads that start from 0.2 points.
- Axi’s MetaTrader mobile app combines user-friendly design with comprehensive features, offering traders the flexibility to manage their positions on the go.
Standards, Webinars and more
Finally, let us compare the average spreads for Axi’s Standard account with those other major brokerages offer on the most actively traded Forex pairs. Axi also offers a swap-free account type for clients of the Muslim faith who do not want to earn or pay interest. When your trading account is verified, you can fund it using any of the payment methods available on the broker’s website. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100+ countries. Axi is a reputable online Forex and CFD broker that provides a choice of over 290 trading instruments across multiple asset classes, including currencies, commodities, indices, equities, and stocks.
Innovative Features for Advanced WDXRF:
Regardless which entity you register at, you will incur no additional fees on deposits. The ASIC and FMA entities have higher minimum deposit requirements of $200 for Standard and $500 for Pro accounts. Meanwhile, residents of certain countries, such as the UK and some EU regions, must deposit at least $5 to activate their Standard or Pro accounts.
As a trader, you will always consider a broker’s trading fees and other costs before deciding whether to trade with them. 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. Axi offers free download and installation of the leading MetaTrader 4 (MT4) trading platform across most major devices and operating systems including Windows, Mac, iPhone/iPad and Android, as well as the browser based WebTrader platform. Standard trading fees and minimum deposit apply. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
- Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers.
- A stock CFD is a derivative that allows traders to speculate on the price movements of an underlying stock without owning any actual shares.
- The predefined measuring program starts immediately, delivering results on time.
- This tool enables Axi clients to copy the trades of experienced signal providers and replicate their positions.
LabScape Cloud: Online Diagnosis
The broker offers various live trading account options, but some of their features overlap. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders. However, it should be noted that there might be additional conversion fees if deposits are made in a currency different than the one used for your live Axi trading account. The broker charges zero commissions for trading index CFDs and offers competitive spreads that start from 0.2 points.
After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account. The entire procedure took us less than 10 minutes, while our live account was verified within 24 hours. In the event of the broker’s insolvency, clients are eligible for compensation of up to £85,000 in the UK or €20,000 within the EU. Note that Axi does not accept clients from certain countries, including the United States, Belgium, and Ontario. In 2025, the broker triumphed at the Global Business and Finance Magazine Awards, winning three trophies, including Best Financial Institution in the UK, Latin America, and the Middle East. In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades.
For the Basic VPS edition, Axi will cover up to $34.99 of the monthly fee if you trade more than 20 lots in a calendar month. One of Axi’s VPS partners is ForexVPS, which offers state-of-the-art SSD drives located in New York. VPS hosting ensures fast execution and no downtime by making sure you can trade 24 hours a day. This simple approach results in faster execution, axi review more accurate pricing, and minimal slippage.
The next step is to connect your MT4 account to the app and you will be able to copy the trades of any signal provider on the platform. While still unavailable to all Axi clients, the broker’s proprietary platform is one of its newest trading solutions. Axi offers traders access to the advanced MetaTrader 5 (MT5) platform, known for its powerful tools and wider market coverage. An equivalent trade on a Zero account with Fusion Markets incurs a $4.50 round-turn commission, which is, at present, among the most competitive offers within the industry.
Axi offers a good selection of learning resources to help traders make knowledgeable trading decisions. You can open both demo and live accounts on the Axi app and trade with whichever trading conditions fit your trading style the best. The broker provides EU traders with the popular MT4 trading platform, while MetaTrader 5 is available at the international division registered in Saint Vincent and the Grenadines. While the Elite account offers lower commissions, it is available only to high-volume traders who can afford significantly larger positions. Axi clients who open Elite accounts, however, enjoy even better trading conditions as the commission charged per standard lot is $1.75 per side and $3.50 in both directions.
The platform also features real-time market depth data and an integrated economic calendar. Users benefit from a vast range of technical analysis tools, including 38 built-in indicators, 44 graphical objects, and 21 timeframes, allowing for precise market evaluation and strategy development. Let’s suppose we open a position of one standard lot in EUR/USD where a price fluctuation of one pip equals $10. For instance, both Standard and Pro accounts support AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, and USD as base currencies.
Desktop Trading Platforms
Important legal documents in relation to our products and services are available on our website. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. 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.