Axi Broker Review (AxiTrader) 2024

Axi is a global brokerage company offering trading services on various markets, including Forex, Shares, Indices, Commodities, and Cryptocurrencies. Axi broker works directly with some of top tier liquidity providers and utilize the robust MT4 trading platform to execute orders faster than traditional ECN connections.

We’ll explore account types (Standard and Pro), fees, trading tools (signal providers, calculators, etc.), trading platforms, markets, regulatory status (CySEC), and customer support in this Axi broker review.

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.

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.

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.

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.

1. Navigate to the broker’s official website at “https://www.axi.com/”;
2. Click “Open Account”;
3. Fill out the application form;
4. Choose your preferred account type and fill in the “Personal Information”, “Financial Status”, and “Address” forms;
5. Provide proof of identity (passport or driver’s 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. It’s accessible across various devices and operating systems, including:

• Windows;
• macOS;
• Android;
• iOS;
• Web.

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.

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

Withdrawals

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 3^rd party signal providers, Autochartist and Trading Central;
• Trading tools, such as calculators, IPO news, and an economic calendar.

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:

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.

Conclusion and Final Words

Axi is an online provider of trading services in the Forex, Commodities, Shares, Indices, and Cryptocurrencies markets.

Axi broker provide these services through the robust MT4 trading platform integrated with Autochartist and Trading Central signal providers. Share your thoughts about the Axi broker review in the comments.