Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Some of the awards include Best MT4 Forex Broker, Best Forex Broker Europe, Best Forex Broker Middle East, and Best EMEA Region Broker. And since share CFDs also allow you to apply leverage, you don’t need large amounts of capital to gain the benefits of trading some of the world’s biggest stocks. On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip). However, it is lacking CFTC regulation, so Axi cannot provide its services to US citizens or residents. In this broker review, we will pay attention to the critical aspects of Axi, which you may consider before deciding whether to trade with this online brokerage.

Email and phone support are available five days a week, though the service does run for 24 hours a day. Founded in 2007, the formerly named AxiTrader launched the Axi brand in 2020. Today the Australian forex and contract for differences (CFD) broker services over 60,000 clients in 100 countries across the globe.

Our most popular forex broker comparison tables are low fee, high leverage and bonus offers. All information comes from providers’ websites with each provider offering free demo accounts to trial their offering and trading currency. Established in 2007 in Australia, Axi (formerly known as AxiTrader) has grown to become one of the leading names in the online trading industry. They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA. Axi was launched in 2007 as an Australian-based financial service provider.

Discover tax-free* trading with an Axi Spread Betting account

While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. The site navigation is very nice and offers the best graphical user interface, which makes it ideal for all forex traders. Their trading platforms extend MAC and Windows PC and mobile trading tools like smartphone devices such as the iPhone and Android phones and iPad and Android.

  • Today the Australian forex and contract for differences (CFD) broker services over 60,000 clients in 100 countries across the globe.
  • Traders new to the platform have a choice between standard and pro demo accounts, which mirror the exact experience of live standard and pro accounts.
  • Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA.
  • The CFD trading platform has a free demo account that you can use to try your hand at trading.

This terminal complements MT4 while providing additional functionality, such as enhanced order functionality and sentiment trading. In addition, Axi provides trading signals, a VPS, and MAM (multi-account manager) modules. Axi Blog includes market research, education, and corporate updates. This area is constantly updated and provides technical and fundamental chart analysis that may be used to generate prospective trading ideas. The parent company AxiCorp Financial Services Pty Ltd changed its brand name Axitrader to become Axi at the end of 2020. In the same process, they also changed their existing website from axitrader.com to axi.com to match its efforts to revamp the AxiCorp brand.

Axi Blog

These materials include eBooks, webinars, video tutorials, and a glossary of trading terminologies and cover basic, intermediate, and advanced trading topics. Also, the broker provides a free trading course for beginner traders. Copy established strategies and portfolios from hundreds of traders all over the world right into your MT4 platform to automate and simplify your trading experience. In 2014, an Investment Trends report found that Axi forex broker had the strongest brand association as being ‘trustworthy’. This was backed up in 2017 when the Investment Trends Australian forex broker report gave it the highest overall client satisfaction. This could be attributed to the CFD broker being Australian owned, with an Australian customer support team.

Assets & Markets

For this purpose, they must set up a profile within the app that is separate from their main account with the brokerage. They can then start filtering the traders they want to follow and mimic based on different criteria like types of assets traded, risk tolerance level, and profitability. App users can also choose to become signal providers themselves so that other customers can follow and copy their trades. Traders can choose a major base currency for their account from the AUD, USD, JPY to Euro. Deposit options for client funds include bank transfer, credit card, MasterCard, Skrill, BPAY, China UnionPay, bank wire transfer, MoneyBookers to Neteller can be used. For people having AUS bank accounts, the withdrawals do not attract any type of commission.

Indices CFDs

Customers have a choice from two types of live accounts, standard and professional. The brand is overseen by major regulators like FCA and Australia’s ASIC, so you can rest assured your capital is in good hands. With zero commission fees at the deposit and withdrawal stage, plus access to over 30 trading products, it is an excellent tool, especially for beginners.

KYC Procedure for Account Creation and Depositing

This is only closed on the weekend when currency markets are closed. The company has clients in more than 150 countries and a Monday to Friday call centre. When the Sydney office isn’t open, there is support from London and Chisinau. All forex traders that open an account are provided with a dedicated account manager.

The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis. The broker offers several educational videos which the registered traders can watch free of charge and get enlightened.

The trading services provided by Axi are overseen individually by the financial regulators of the respective countries the platform is available in. Thus, its operations in the United Kingdom (est. 2012) are subject to the regulations of the Financial Conduct Authority (FCA). Over the years following its axi forex broker launch, the platform has won numerous accolades for excellence, including the Investment Trends award for the Highest Overall Client Satisfaction in 2017. There is no minimum deposit requirement with the Standard or Pro accounts, but clients need a $25,000 deposit to get started with the Elite solution.

Once you’ve filtered top traders according to the criteria most important to you, you can adjust your personal risk settings based on what’s best for you and your account. Axi Copy Trading is provided in partnership with London & Eastern LLP, the app offers a simple way to identify and automatically copy traders. Say goodbye to staying up late to watch the markets and worrying about entry levels. In our analysis of 23 international regulators across 62 of the best forex brokers, FOREX.com is considered Highly Trusted, with an overall Trust Score of 99 out of 99.