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Axi Review
Axi is a globally recognized online brokerage firm that offers access to a wide range of financial markets, including forex, shares, indices, commodities, and cryptocurrencies. By trading with Axi, traders can access numerous benefits, such as competitive spreads, leverage, and an extensive selection of 150+ financial assets across various markets. Axi’s approach is founded on the understanding of trading from a trader’s perspective, making it an ideal choice for both new and experienced traders. Whether you’re just starting out or have years of trading experience, Axi provides narrow spreads, rapid execution, advanced trading tools, and top-tier customer support. Since its establishment in 2007, Axi has built a solid reputation by continuously focusing on delivering a seamless and reliable trading experience for thousands of clients worldwide across more than 100 countries.
About Axi
Headquartered in Sydney, Australia, Axi was founded in 2007 and is led by CEO Rajesh Yohannan. The firm is renowned for providing highly competitive trading conditions, such as narrow spreads and reasonable commission fees. Traders can choose between two different account types, both of which offer access to a broad range of trading instruments, including forex pairs, CFDs, and cryptocurrencies. The Axi management team brings extensive expertise in global financial markets, marketing, and financial services, carefully selecting the most advanced technological solutions and optimal liquidity to serve both retail and institutional traders.
Account Types
Axi offers two main account types, catering to both retail and institutional traders:
- Standard Account:
- Fast order execution
- Spreads starting from 0.9 pips
- No commission fees
- Choice of 10 base currencies
- Pro Account:
- Fast order execution
- Spreads starting from 0.0 pips
- Low commission fees (3.5 USD per lot, per side)
- Choice of 10 base currencies
Trading Instruments
Axi provides access to a diverse range of trading instruments, ensuring traders have the opportunity to participate in the world’s most liquid and widely traded markets. This ensures premium trading opportunities around the clock, seven days a week.
Trading Instrument | Number of Instruments |
---|---|
Forex | Over 80 currency pairs |
Indices | Over 10 indices |
Commodities | Over 20 commodities |
Shares | 50 shares |
Cryptocurrencies | Over 10 cryptocurrencies |
Trading Platforms
Axi provides access to the widely popular MetaTrader 4 (MT4), available as both a desktop and mobile platform. This flexible platform is used globally by traders for its intuitive user interface, extensive technical analysis tools, live price updates, and a wide range of additional features. With MT4, traders can trade across multiple devices and access trading signals, financial market insights, and advanced features such as mobile trading and three different execution modes: instant execution, execution on request, and market execution. MT4 is available in over 30 languages and is favored for its ease of use and depth of functionality.
Safety and Regulation
Founded in 2007, Axi is regulated by several respected financial authorities worldwide, ensuring a secure and compliant trading environment for its clients. These regulators include:
- FCA – Financial Conduct Authority (UK)
- ASIC – Australian Securities and Investments Commission (Australia)
- DFSA – Dubai Financial Services Authority (UAE)
- FSA – Seychelles Financial Supervisory Authority (Seychelles)
Axi offers clients the option to open accounts with any of their authorized entities depending on their country of residence. The level of investor protection and regulatory oversight differs based on the entity, providing a tailored experience for clients in various regions.
Country of Clients | Legal Entity | Regulator | Protection Amount |
---|---|---|---|
UK & Europe | AxiCorp Limited | FCA | £85,000 |
Australia | AxiCorp Financial Services Pty Ltd | ASIC | No protection |
UAE | AxiCorp Financial Services Pty Ltd | DFSA | No protection |
Other Countries | AxiTrader Limited | FSA | No protection |
In addition, Axi offers negative balance protection for retail clients in the European Union, ensuring they do not lose more than their account balance when trading forex and CFDs. This protection does not extend to professional traders or non-EU clients.
Customer Support
Axi provides exceptional customer support through multiple channels, including live chat, email, and phone, available 24/7 to ensure clients receive prompt assistance wherever they are in the world. Whether you prefer real-time chat, email communication, or speaking directly on the phone, Axi offers personalized support to meet your needs.
- Live Chat Support: Axi’s live chat service connects you with a knowledgeable agent who can assist you with immediate, accurate responses.
- Email Support: Axi’s email support promises timely responses within a day, ensuring comprehensive and thorough assistance.
- Phone Support: Axi’s phone support offers quick, efficient help, with wait times as short as one minute.
VPS & Trade Copier Services
Axi provides Virtual Private Server (VPS) and Trade Copier services that offer significant advantages in specific trading situations:
- VPS: A VPS provides low latency and ensures 24/7 connection, which is especially beneficial when trading with Expert Advisors (EAs), managing multiple broker accounts, or using Mac devices for trading.
- Trade Copier: A Trade Copier allows you to duplicate trades across multiple accounts, making it easy to manage several accounts simultaneously. This tool is ideal for traders working with multiple brokers or proprietary trading firms, allowing them to automate and synchronize trades across all linked accounts.
Education
Axi offers a comprehensive range of educational resources designed to help traders of all experience levels enhance their skills and knowledge:
- MetaTrader 4 Video Tutorials: Detailed tutorials covering everything from basic navigation to advanced strategies for using MT4.
- Free eBooks: Axi offers a series of educational eBooks on forex trading, available after a simple registration.
- Axi Academy: A free online resource offering extensive courses designed by professional traders to help you master trading.
- Trading Glossary: Axi’s glossary is an invaluable resource for learning the terminology and concepts essential to navigating the financial markets.
- Axi Blog: Axi’s blog provides insights on market analysis, trading strategies, and the latest industry trends, ensuring traders stay informed.
Conclusion
Axi stands out as one of the top forex brokers, leveraging MetaTrader 4 and offering a simple account opening process, competitive fees, and a range of flexible account types. With narrow spreads, minimal commissions, and an extensive range of trading instruments, Axi provides an excellent environment for traders. The broker is also strongly regulated across multiple jurisdictions, giving clients peace of mind. Axi’s commitment to education is reflected in their wide range of free resources, including tutorials, eBooks, courses, and a comprehensive trading glossary. Their VPS and Trade Copier services, as well as the added security of negative balance protection for clients in the EU, further enhance their appeal. Axi’s dedication to client satisfaction, advanced technology, and continuous innovation make it a great option for traders looking to thrive in the global financial markets.