Axi Overall rating
| Rating | Weight | |
| User Rating |
4.0 (43 reviews)
 |
3 |
| Popularity |
5.0
|
3 |
| Regulation |
5.0
|
2 |
| Pricing rating |
5.0
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
Pros
- Regulated by reputable authorities such as AU ASIC and UK FCA
- High user popularity and substantial web traffic
- Well-established broker with over a decade in the industry
- Competitive average forex spreads
- High ranking based on our expert's rating
Cons
- Not publicly traded and does not provide financials publicly
- Higher average swap rates compared to some competitors
We tested Axi using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
Axi is a well-established broker founded in 2007 and regulated by several reputable authorities including the AU ASIC, UK FCA, and AE DFSA. It is ranked 36th out of 827 forex brokers based on user ratings and 7th on our in-house expert ratings. The broker has garnered a substantial amount of web traffic with over 955,000 organic monthly visits, ranking 28th for organic traffic among forex brokers.
User reviews for Axi are generally positive, with an overall rating of 3.9 out of 5 from 43 total reviews, 33 of which are from verified accounts. While Axi is privately owned and not publicly traded, it does not provide its financials publicly. It's important to note that even highly regulated and successful financial firms have faced difficulties in the past, so continuous diligence is advised.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| AxiCorp Financial Services Pty Ltd |
|
 |
|
|
30 : 1 | |
| AxiCorp Limited |
|
up to £85,000
|
|
|
30 : 1 | |
| AxiCorp Financial Services Pty Ltd (DIFC branch) |
|
|
|
|
30 : 1 | |
|
AxiTrader Limited
Saint Vincent and the Grenadines |
|
|
|
|
|
500 : 1 |
Deposit Insurance
Axi offers investor compensation programs under its regulatory frameworks to protect client funds. The AU ASIC and UK FCA regulations require Axi to segregate client funds from its operating capital, ensuring client money is protected in the event of the broker's financial failure.
Additionally, the UK FCA provides a deposit compensation scheme that compensates investors if an authorized financial firm fails. However, the broker does not provide deposit compensation schemes under the AU ASIC and AE DFSA regulations, and its Saint Vincent & Grenadines entity is not regulated.
Spreads and Costs
Axi offers competitive average spreads across various asset classes. When compared to other market-leading brokers, Axi's average forex spreads are in-line with industry standards, providing good value for traders. Their indices and commodities average spreads are also competitive, although some brokers may offer slightly lower costs.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| Axi – Standard | 14.78 | 2.23 | 1.54 | 0.13 |
| FxPro – Standard | - | 1.13 | 1.63 | - |
| IC Markets – Standard | 9.10 | 1.54 | 1.12 | 0.10 |
| ThinkMarkets – Standard | 16.89 | 2.06 | 1.59 | 0.14 |
| Admirals – Trade | - | 2.65 | - | 0.19 |
| Oanda – Standard | - | 2.43 | - | - |
| Forex.com – Standard | - | 3.05 | - | - |
Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axi – Standard | 27.22 | 2.33 | 1.41 | 2.16 | 3.15 | 1.56 | 2.56 | 2.52 | 1.09 | 1.98 | 0.22 | 0.03 |
| FxPro – Standard | - | - | 0.60 | 0.65 | 1.56 | 0.65 | 1.76 | 1.56 | 2.22 | 1.04 | - | - |
| IC Markets – Standard | 15.19 | 3.00 | 0.87 | 1.19 | 2.16 | 1.37 | 2.27 | 1.38 | 1.28 | 0.95 | 0.17 | 0.02 |
| ThinkMarkets – Standard | 31.92 | 1.80 | 1.12 | 1.32 | 2.24 | 1.98 | 3.67 | 2.00 | 1.47 | 1.71 | 0.24 | 0.03 |
| Admirals – Trade | - | - | 0.96 | 1.53 | 2.88 | 1.15 | 4.17 | 5.21 | 3.57 | - | 0.35 | 0.03 |
| Oanda – Standard | - | - | 1.46 | 1.77 | 3.80 | 1.36 | 3.40 | 2.80 | - | - | - | - |
| Forex.com – Standard | - | - | 1.41 | 1.71 | 4.34 | 1.51 | 5.23 | 4.08 | - | - | - | - |
Swap Rates/Financing Fees
Swap fees are the interest paid or earned for holding a position overnight. Positive swap rates pay out to the trader, while negative swap rates incur a cost. Axi's average swap rates are in-line with industry standards, although some brokers offer more favorable rates.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| Axi | -- | -3.18 | -0.04 | -0.13 | -2.65 | 1.40 | 15.30 | -33.00 |
| FxPro | -- | -4.00 | -0.14 | -0.15 | -3.33 | 1.02 | 19.15 | -40.75 |
| IC Markets | Best | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| ThinkMarkets | -- | -3.27 | -0.14 | -0.14 | -2.61 | 1.08 | 19.57 | -37.37 |
| Admirals | -- | - | - | - | - | - | 14.27 | -31.59 |
| Oanda | -- | - | 0.00 | 0.00 | -0.15 | 0.09 | - | - |
| Forex.com | -- | - | 0.00 | 0.00 | 0.00 | 0.00 | - | - |
Islamic/Swap-free Accounts
Islamic or swap-free accounts are designed for traders who cannot earn or pay interest due to religious reasons. These accounts do not incur swap or rollover interest on overnight positions. Axi offers swap-free accounts for Islamic traders, ensuring compliance with Sharia law.
Traders interested in such accounts can apply directly through Axi's account registration process and may need to provide proof of their faith. More information on requirements and application procedures can be found on Axi's official website.
Other Fees
Besides spreads, commissions, and swap rates, Axi may charge additional fees such as withdrawal and inactivity fees. It's essential for traders to consider these costs when evaluating the overall trading expenses. Here is a table summarizing some of the other fees Axi may charge:
| Fee Type | Amount |
|---|---|
| Withdrawal Fee | No fee for most methods, but some methods may incur charges |
| Inactivity Fee | $10 per month after 12 months of inactivity |
Comparison to other Brokers
When comparing Axi to other brokers, it is evident that Axi holds a strong position in the forex industry. Regulated by reputable authorities such as the AU ASIC and UK FCA, Axi provides a trustworthy trading environment.
The broker's competitive average forex spreads and high user popularity contribute to its strong market presence. However, Axi's higher average swap rates and lack of public financial disclosures are areas where it falls short compared to some competitors.
In terms of regulatory licensing, user reviews, and web traffic, Axi is on par with other industry-leading brokers such as IC Markets, FxPro, and ThinkMarkets. Axi's well-established history, dating back to 2007, further enhances its credibility.
Overall, Axi is a solid choice for traders looking for a reliable and well-regulated broker, despite some areas for improvement in swap rates and transparency.
Trading Platforms - Mobile, Desktop, Automated
Axi offers the MetaTrader 4 platform for desktop, mobile, and web trading. This platform is renowned for its user-friendly interface, advanced charting tools, and automated trading capabilities. Below is a table summarizing the trading platforms provided by Axi:
| Platform | Device Compatibility | Automated Trading |
|---|---|---|
| MetaTrader 4 | Desktop, Mobile, Web | Yes, supports MQL4 programming language |
| Axi App | Mobile | no |
MetaTrader 4 (MT4) is a versatile platform that caters to both novice and experienced traders. It offers a range of technical analysis tools, customizable charts, and automated trading options through Expert Advisors (EAs).
The MQL4 programming language used for developing EAs is relatively easy to learn, making it accessible for traders looking to implement automated trading strategies. MT4's mobile app ensures that traders can manage their accounts and execute trades on the go, maintaining full functionality across devices.
What Can you Trade?
Axi offers a diverse range of tradable instruments, including forex, cryptocurrencies, stocks, indices, and commodities. Here is a table summarizing the asset classes and the number of instruments available:
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 70+ |
| Crypto CFD | 30 |
| Stock CFD | 100 |
| Stock Index CFD | 30+ |
| Commodities CFD | 16 |
| ETFs | - |
| Bond CFD | - |
| Futures CFD | - |
Axi offers trading in CFDs (Contracts for Difference) rather than owning the underlying assets. CFDs allow traders to speculate on price movements without owning the asset, providing opportunities to profit from both rising and falling markets. The use of leverage amplifies potential returns but also increases risk.
Traders should be aware of the differences between trading CFDs and owning real assets, including the implications of leverage and the need for effective risk management strategies.
For more information on the individual instruments available for trading, visit Axi's official website.
Available Leverage
Axi offers varying leverage levels depending on the regulatory entity and the type of instrument traded. Under AU ASIC and UK FCA regulations, the maximum leverage for retail clients is 30:1.
However, Axi's Saint Vincent & Grenadines entity offers significantly higher leverage of up to 500:1, catering to more experienced traders who understand the risks associated with higher leverage. Traders should always consider the potential for amplified losses as well as gains when using leverage.
Prohibited Countries
Axi does not accept clients from several countries due to regulatory restrictions. Some of the prohibited countries include the United States, Canada, Iran, and North Korea. Traders from these regions are unable to open accounts with Axi. For a complete list of restricted countries, it is advisable to visit Axi's website or contact their customer support.
Axi Account types
| Standard | Pro | |
| Commission | - | 7AUD/9CAD/7.25CHF/6.50EUR/4.50GBP/850JPY/11.0NZD/10.0SGD/7USD |
| Maximum leverage | 30:1 FCA, ASIC; 500:1 Others | |
| Mobile Platform | MT4 Mobile | |
| Trading platform | MT4, WebTrader | |
| Spread Type | Variable Spread | |
| Minimum Deposit | 0 | |
| Minimum Trade Size | 0.01 | |
| Trailing Stops | | |
| Scalping Allowed | | |
| Hedging Allowed | | |
| Islamic Accounts | | |
| Standard | |
| Maximum leverage | 30:1 FCA, ASIC; 500:1 Others |
| Typical Spread | 1.0 |
| Trading platform | MT4WebTrader |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 0 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Pro | |
| Commission | 7AUD/9CAD/7.25CHF/6.50EUR/4.50GBP/850JPY/11.0NZD/10.0SGD/7USD |
| Maximum leverage | 30:1 FCA, ASIC; 500:1 Others |
| Typical Spread | 0.1 |
| Trading platform | MT4WebTrader |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 0 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
Axi Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
axi.com
axi.com
|
| Organic monthly visits | 877,180 (99%) |
| Organic traffic rank | 30 out of 843 (Forex Brokers) |
| Paid monthly visits | 5,341 (1%) |
| Total monthly visits | 882,521 |
| Bounce rate | 47% |
| Pages per visit | 2.88 |
| Average visit duration | 00:02:08.0650000 |
Axi Profile
| Company Name | AxiCorp Financial Services Pty. Ltd. /AxiCorp Limited |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2007 |
| Headquarters | Australia, United Kingdom |
| Office Locations | Australia, United Kingdom |
| Account Currency | AUD, CAD, CHF, EUR, GBP, JPY, NZD, PLN, SGD, USD, HKD |
| Client funds bank | National Australian Bank (NAB), Lloyds Bank |
| Support Languages | Arabic, Chinese, English, German, Italian, Korean, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese, Bahasa (Indonesian) |
| Funding Methods | AstroPay, Bank Wire, Bitcoin, BPAY, Broker to Broker, China Union Pay, Credit Card, FasaPay, Giropay, GlobalCollect, iDeal, Litecoin, Neteller, POLi, Skrill, Sofort, Alipay, Ethereum, Tether (USDT), Ripple, Crypto wallets, Pix |
| Financial Instruments | Futures, Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, Spread Betting, Soft Commodities (coffee, sugar...) |
| Prohibited Countries | Central African Republic, Congo, Ivory Coast, Ecuador, Western Sahara, Eritrea, Ethiopia, Guinea Bissau, Haiti, Iraq, Iran, Japan, Kyrgyzstan, North Korea, Liberia, Libya, Myanmar, Sudan, Sierra Leone, Somalia, Syria, United States, Yemen, Zimbabwe, South Sudan |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
Axi User reviews
)
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
Axi Cashback rebates
| Standard | Pro | |
| Forex | 0.375 Pips | 2.25USD, 2.90CAD, 2.25AUD, 2.33CHF, 2.09EUR, 1.44GBP, 274.13JPY, 3.54NZD, 3.23SGD Per Lot |
| Futures | $0.75 Per Lot | |
| Oil / Energies | $0.03 Per Lot | |
| Metals | 0.375 Pips | $2.25 Per Lot |
| Shares / Equities | $0.015 | $0.015 Per Lot |
| Indices | Up to $0.75 Per Lot | |
| Cryptocurrencies | Up to $3.75 Per Lot | |
| Payment Options |
Monthly Cash Back
| |
| Standard | |
| Forex | 0.375 Pips |
| Futures | $0.75 Per Lot |
| Oil / Energies | $0.03 Per Lot |
| Metals | 0.375 Pips |
| Shares / Equities | $0.015 |
| Indices | Up to $0.75 Per Lot |
| Cryptocurrencies | Up to $3.75 Per Lot |
| Payment Options |
Monthly Cash Back
|
| Pro | |
| Forex | 2.25USD, 2.90CAD, 2.25AUD, 2.33CHF, 2.09EUR, 1.44GBP, 274.13JPY, 3.54NZD, 3.23SGD Per Lot |
| Futures | $0.75 Per Lot |
| Oil / Energies | $0.03 Per Lot |
| Metals | $2.25 Per Lot |
| Shares / Equities | $0.015 Per Lot |
| Indices | Up to $0.75 Per Lot |
| Cryptocurrencies | Up to $3.75 Per Lot |
| Payment Options |
Monthly Cash Back
|
Notes
Rebates are not paid for accounts registered with ASIC, FCA, Dubai DFSA entities.
Rebate is converted to USD upon the trade closed.
What are Axi rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do Axi rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much Axi rebates can I earn?
Axi Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| AxiCorp Financial Services Pty Ltd |
|
|
|
|
30 : 1 | |
| AxiCorp Limited |
|
up to £85,000
|
|
|
30 : 1 | |
| AxiCorp Financial Services Pty Ltd (DIFC branch) |
|
|
|
|
30 : 1 | |
|
AxiTrader Limited
Saint Vincent and the Grenadines |
|
|
|
|
|
500 : 1 |
Axi Promotions
Axi Symbols
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