Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Founded by traders and with them in mind, this market-maker offers an array of tools and financial instruments that benefit any market strategy, and it doesn’t distract customers with a confusing jumble of account types or unnecessary frills.
This also extends to fees and spreads, with no fees on money transfers, and spreads across all Axi account types representing some of the most competitive in the industry. For their part, its clients are just as satisfied with the more simple and transparent trading environment. People of any experience level can appreciate an accessible customer support team, a plethora of tradable assets, deep leverage options and the ability to plug in some useful third-party trading applications.
Pros
- 130+ products to trade, no minimum deposit required
- Lowest starting spreads for all account types
- Strict compliance with regulations in the UK, Australia, and Dubai
- Simple, yet reliable trading on MT4 platform
- Great customer support and trustworthy service provider
Cons
- Limited selection of CFDs excludes shares, options
- Some advertised features only accessible via plugin
- MT4 only, no MT5 or proprietary trading platform
Who Is Axi Recommended For?
The first criteria that prospective Axi customers need to consider is their location, as Axi primarily operates in the UK and Australia due to the licensing it’s received from ASIC and the FCA. These traders are protected with the countries’ strict rules and guidelines and should look to join Axi if they want to use the most established platforms like MT4, trade on margin, and prefer a low-spread model that only charges commission on its upper-tier account.
Top Axi Features
Free VPS:
Virtual Private Servers are valued by Axi members who deploy algorithms, or more specifically automated algorithmic trading strategies. The complimentary VPS offered by Axi is hosted in a private high-speed data center for the fastest latency (and therefore execution) possible.
Lowest Spreads:
Axi has won awards over the course of its history in recognition of its extremely competitive spreads. Though they vary by instrument and account type, even on the Standard account average spreads are around 1.2, and this goes down to an average of 0.1 for Pro account members.
MT4 NexGen:
Axi offers the newest version of the popular MetaQuotes 4 (MT4) software and accompanying utilities that go above and beyond the old platform. Traders with more than $1,000 in their accounts can access NextGen and deploy tools like an advanced Sentiment Indicator, Correlation Trader, and Automatic Trade Journal.
Spread Betting Account:
For UK users, Axi offers the MT4 tax-free Spread Betting account. You can also apply leverage on spread bets and try out this type of account in a demo version to test its features first.
Support Channels:
It’s easy to get ahold of an Axi representative or your dedicated Account Manager, with 24/5 phone lines and offices around the world. Axi representatives speak 6 languages, and you’ll be automatically assigned someone who speaks your language when you have a question or inquiry.
Education Resources: For traders looking to improve their skills, Axi provides free access to education resources such as PsyQuation, the most advanced analytics platform to analyse your trading behavior and Knightsbridge Trading Academy courses. The courses are led by CISI accredited tutors and are available for every level of trader.
Axi Overview
- Regulation—- Financial Conduct Authority (FCA) UK, Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA)
- Accepted Clients From—- 150 countries
- Assets Offered—- Currencies, Commodities, Indices, Cryptocurrencies, Metals
- Platforms Available—- MT4 (Desktop, Web, Mobile)
- Mobile Compatibility—- Mobile: iOS, Android Desktop: Mac, PC
- Payment Types Accepted—- Credit/Debit Card, Bank Transfer, Skrill Neteller
Axi Reliability & Security
Reliability and stability are where Axi shines. Its operation in two of the most strictly-regulated financial jurisdictions allows customers to be extra confident that the market-maker is taking all steps necessary to provide a dependable experience, and it does. Axi is characterized by consistent uptime and remains a stable environment even for algorithmic traders, who depend on uninterrupted connectivity and minimal lag time. Reliability is measured in more than platform speed, regulatory liability, or a comprehensive array of tools. Customers will also appreciate that Axi stands readier than most to respond to their inquiries and problems, via live chat, email, and several toll-free phone numbers.