Axi review

Regulated by

ASIC (AFSL 318232); FCA (FRN 466201); New Zealand FMA (FSP 518226); DFSA

Regulator tier

Tier 1

Register entry

ASIC Professional Registers, AFSL 318232

Client money segregated

Yes

Held at

Regulated banking institutions

Negative balance protection

Yes, retail clients where required

Compensation scheme

FSCS up to £85,000 for eligible UK clients; no statutory investor compensation scheme under ASIC

Audited by

Independent external auditors

Not available to

United States and other jurisdictions where Axi products are prohibited or restricted

A regulator is also the body that publishes what a broker has done wrong, which is half the reason the licence matters.

Axi holds tier-one authorisations from ASIC, FCA and FMA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

The DFSA regulates from the Dubai International Financial Centre, a separate legal jurisdiction from the wider UAE.

Check the licence yourself: ASIC Connect, the FCA Register, the New Zealand Financial Service Providers Register, the DFSA public register.

Legal entity

AxiCorp Financial Services Pty Ltd

Company number

ACN 127 606 348

Headquarters

Sydney, Australia

Founded

2007

Publicly listed

No

Parent company

Axi Group

Employees

300+

Also trades as

Axi; AxiTrader

Deposit methods

Visa, Mastercard, bank transfer, PayPal and regional/local payment methods

Withdrawal methods

Cards, bank transfer, PayPal and supported regional methods

Deposit time

Instant for cards, PayPal and selected electronic methods; bank transfer typically 2-3 business days

Withdrawal time

Instant for eligible card withdrawals; other methods vary by provider

Minimum withdrawal

$5

Local payment methods

PayPal; Waave and multiple region-specific payment methods

Spread from

0.0 pips

EUR/USD spread

0.0 pips, Pro

GBP/USD spread

Approx. 0.2 pips, Pro

Commission

US$2.25 per side / US$4.50 round turn, Pro

All-in cost, EUR/USD

Approx. 0.45 pips

Spread type

Variable

Overnight swap

Both: overnight swaps charged/credited; swap-free accounts available

Inactivity fee

$10/month after 12 months inactivity

Deposit fee

None internally

Withdrawal fee

None internally

Currency conversion

Currency conversion applies where account and transaction currencies differ

Complaints about cost are usually complaints about swap and inactivity fees rather than the spread.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Axi lists a minimum deposit of $5. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, Indices, Commodities, Metals, ETFs, Cryptocurrencies, Futures

Currency pairs

70+

Total instruments

1,500+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

Market execution / liquidity-provider aggregation

Execution speed

29ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Co-located servers in major global financial data centres

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

Axi covers forex, shares, indices, commodities, metals, etfs, cryptocurrencies, futures. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, paypal and regional/local payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, Axi Trading Platform

Own platform

Yes, Axi Trading Platform

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; MT4/MT5 Expert Advisors and automated trading

Copy trading

Yes, Axi Copy Trading

Indicators

100+ through TradingView; 30+ MT4; 38+ MT5

Third-party tools

TradingView, Autochartist, VPS, PsyQuation

API access

Yes, institutional/API connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Minimum deposit

$5

Account types

Standard, Pro, Elite, Premium, Cent, Islamic, Demo

Account currencies

AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD

Islamic account

Yes

Demo account

Yes

Professional account

Yes

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Support hours

24/7

Contact channels

Live chat, email, support request, callback

Languages

10+ languages

Telephone

N/A

Email

success@axi.com

Live chat response

Typically under 2 minutes

Education

Extensive: Axi Academy, courses, tutorials, articles, ebooks, videos and trading guides

Research

Market analysis, Autochartist, technical/fundamental analysis, market news and trading tools