Axi offers commission-free trading services on 5 asset classes, including Forex and Cryptocurrencies. It offers affiliates up to $1,000 CPA per referred client, and a 10% commission for sub-affiliates. The broker offers various eBooks, including āHat Trickā and āPanic Overā.
Axi (Company Information and Regulation)
Axi, operating under the trading name of Solaris EMEA Ltd, has been a well-established player in the online trading sphere since 2007. Registered in Cyprus under the number HE376148, the broker has acquired licenses from multiple top-tier regulatory bodies, including:
- Cyprus Securities and Exchange Commission (CySEC), license number 433/23;
- Australian Securities & Investments Commission (ASIC), AFSL number 318232;
- England Financial Conduct Authority (FCA), Reference Number 509746;
- Dubai Financial Services Authority (DFSA).
Essentially, Axi's regulatory status serves as a seal of approval, assuring traders that they deal with a broker prioritizing compliance and client protection.
Specifics of Axi Broker
Diving deeper into the ecosystem, we find a broker that's designed its offerings to cater to a diverse range of traders. Let's break down some of the key features that make Axi stand out in the crowded broker landscape.
Broker | Axi |
Account Types | Standard, Pro, Elite |
Regulating Authorities | ASIC, FCA, DFSA, CySEC |
Based Currencies | EUR, USD, PLN |
Minimum Deposit | $5 |
Deposit Methods | Bank Transfer, Credit/Debit Cards |
Withdrawal Methods | Bank Transfer, Credit/Debit Cards |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:30 |
Investment Options | Trading signals, Copy Trading |
Trading Platforms & Apps | MT4, Axi CopyTrade |
Markets | Forex, Indices, Shares, Commodities, Cryptocurrencies |
Spread | Variable based on the account types |
Commission | Variable based on the account types |
Orders Execution | Market, Limit, Stop-Loss, Trailing Stops, Stop |
Margin Call / Stop Out | 100% / 50% |
Trading Features | Signals, Economic Calendar, Copy Trading |
Affiliate Program | Yes |
Bonus & Promotions | Referral |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Live Chat, Chat Bot, Phone, WhatsApp, Ticket |
Customer Support Hours | 24/5 |
What Account Types Are Available on Axi Broker?
When it comes to account types, the broker keeps things refreshingly simple with two main options: The Pro and the Standard. Each caters to different trading styles and experience levels.
Products | 220+ |
Min Trade Size | 0.01 lots |
Leverage | 1:30 |
Base Currency | EUR, USD, PLN |
Margin Call | 100% |
Stop Out | 50% |
EAs | Yes |
Pricing | 5-digit pricing |
Autochartist Signals | Free |
Min Deposit | $5 |
These account types are basically the same and the only different thing about them is the fee structure that we will discuss it further on in this Axi broker review.
However, there is another account type available only in the Asian branch (AxiCorp Financial Services Pty Ltd) named Elite with spreads from 0.0 pips, a $3.50 round trip commission, and a minimum deposit of $25,000. This account comes with leverage options up to 1:500.
Axi Pros & Cons
Every broker has its strengths and weaknesses, and this one is no exception. Let's take an honest look at what Axi brings to the table and where it might fall short.
Pros | Cons |
Regulated by reputable authorities | Low leverage options on retail accounts |
Competitive spreads starting from 0.0 pips | Limited payment options |
Low minimum deposit requirement | Limited trading platform offerings |
Diverse trading tools | - |
Axi Registration and Verification (KYC Documents)
Getting started with the broker is straightforward, but it does involve a few essential steps to ensure compliance with regulatory requirements. Here's a breakdown of the registration and verification process at Axi.
- Navigate to the brokerās official website at āhttps://www.axi.com/ā;
- Click āOpen Accountā;
- Fill out the application form;
- Choose your preferred account type and fill in the āPersonal Informationā, āFinancial Statusā, and āAddressā forms;
- Provide proof of identity (passport or driverās license) and proof of address (utility bill or bank statement).
Axi Broker Trading Platforms
Regarding trading platforms, the company has put all its eggs in one sturdy basket: MetaTrader 4 (MT4). This decision to focus on one trading solution might seem limiting initially, but there's a method to this madness.
MT4 is arguably the most popular trading platform in the forex world, renowned for its robust features and user-friendly interface. Itās accessible across various devices and operating systems, including:
The broker also offers a didicated copy trading platform named "Axi CopyTrade", available on Android and iOS devices.
Axi Fee Structure (Commission and Spread)
Understanding a broker's fee structure is crucial for any trader, as these costs can significantly impact your bottom line. Axi's fee structure is relatively straightforward, but it varies depending on your account type.
Account Type | Spreads | Commission |
Standard | From 0.9 pips | $0.0 |
Pro | From 0.0 pips | $7 round trip |
The broker also charges some other fees, like Swaps, inactivity fees ($10 per month after 12 months of inactivity), and withdrawal commissions ($25 for amounts lower than $50 or the account balance).
Available Payment methods on Axi Broker
The company offers two main options for funding and payouts to cater to the diverse needs of its global client base.
Deposits
Method | Currencies | Min Deposit | Max Deposit | Processing Time |
Credit/Debit Card | EUR, USD, PLN | $5 | $100,000 | Instant |
Bank Transfer | EUR, USD, PLN | ā¬10 | ā¬1,000,000 | 1-3 days |
Withdrawals
Method | Currencies | Min Deposit | Max Deposit | Processing Time |
Credit/Debit Card | EUR, USD, PLN | $5 | $50,000 | Instant |
Bank Transfer | EUR, USD, PLN | ā¬30 | ā¬1,000,000 | 1-3 days |
One thing to remember is the $50,000 monthly fee-free limit for credit card deposits. After this limit, Axi reserves the right to pass on credit card transaction fees to the client. This is something to consider if you're planning to make large deposits via credit card.
Copy Trading and Growth Plans on Axi
The next topic that we should discuss in this Axi broker review is Copy Trading. The company has a dedicated Copy Trading app for Android and iOS devices, developed in partnership with Pelican Exchange Ltd and London & Eastern LLP.
The broker also offers several opportunities for traders to expand their trading activities and potentially boost their income, including:
- Integration with 3rd party signal providers, Autochartist and Trading Central;
- Trading tools, such as calculators, IPO news, and an economic calendar.
Available Markets on Axi broker
The company offers a diverse range of markets for traders to explore, catering to various trading preferences and strategies.
- Forex: Over 70 currency pairs, including majors, minors, and exotics;
- Indices: 30+ index CFDs from US, UK, Europe, Asia, and Australia with leverage up to 1:20;
- Commodities: the most popular Metals (Gold and Silver), Energies (Oil and Natural Gas), and Agricultural products (Cocoa and Coffee) with leverage up to 1:20;
- Shares: CFDs on 100 most popular stocks from US, UK, and European markets with leverage up to 1:5;
- Cryptocurrencies: 24/7 CFDs on 30 of the most popular coins, such as BTC, XRP, ETH, DOG, and DOT, with leverage up to 1:2.
Axi Broker Bonus Offerings
In an industry where sign-up bonuses and promotional offers are commonplace, Axi takes a different approach. The broker offers no traditional bonus programs or welcome incentives for new traders, due to regulatory compliance.
However, there is an Affiliate program in place that enables individuals to earn commissions by referring new clients to the broker. Key features of Axi referral:
- Up to $1000 CPA for each qualified client introduced;
- A 10% commission on sub-affiliate earnings for Master Affiliates;
- Marketing materials and support to help affiliates promote the broker effectively;
- Real-time tracking of referrals and earnings.
Axi Broker Customer Support
Quality customer support is crucial in online trading, and Axi understands this well. The broker offers a comprehensive multilingual support system to assist traders at various journey stages 24/5 via several channels, including:
service.eu@axi.com | |
Phone | +61 2 9965 5830 |
Chat Bot | Available on the official website |
Live Chat | Make a request to the chat bot |
Ticket | Use the "Contact Us" page |
Axi Geo-Restrictions
As a global broker, Axi serves clients from many countries around the world. However, like all financial service providers, they are subject to certain geo-restrictions based on regulatory requirements and business decisions. Restricted countries on Axi:
- United States of America;
- Ontario, Canada;
- Iran;
- Israel;
- Libya;
- Syria;
- Cuba;
- Belgium.
Axi Trust Scores
One of the most important topics in this Axi broker review is trust score. User satisfaction is paramount in online trading, and the company has made significant strides in establishing itself as a reputable broker.
4.2 out of 5 based on 2,064 reviews | |
Forex Peace Army | 2.8 out of 5 based on 157 reviews |
Reviews.io | 2.4 out of 5 based on 13 reviews |
Does Axi Broker Provide Educational Materials?
Education is a crucial component of successful trading, and Axi doesnāt perform very well in this regard. The broker offers a five-part forex trader eBooks series that covers various subjects, including:
- Forex;
- MT4;
- Indicators;
- Price Action Playbook;
- Trading Strategies.
There are also other free ebooks among the brokerās offerings with some attractive titles, including:
- 7 Lessons for Understanding Forex Market Types;
- 13 Exclusive Pro Tips for Using Chart Setups;
- Hat Trick! 3 Easy Entry and Exit Strategies;
- 3 Ways to Achieve Your Objectives with Position Sizing and System Monitoring;
- Panic Over ā 3 Rescues for When Your System Stops Working.
Conclusion and Final Words
Axi provides access to leverage options of 1:30 and spreads from 0.0 pips with a minimum deposit of $5. While the broker has a TrustPilot score of 4.2 and a strong regulatory status (ASIC, FCA, DFSA, and CySEC), it canāt provide services in the United States of America.