Contributor, Benzinga
October 5, 2022
Overall Rating:
securely through Axi's website

Founded in 2007, the formerly named AxiTrader launched the Axi brand in 2020. Today the Australian forex and contract for differences (CFD) broker services over 60,000 clients in 100 countries across the globe. 

You don’t need a minimum deposit to open an Axi account and start trading. The CFD trading platform has a free demo account that you can use to try your hand at trading. You will have $50,000 in virtual currency to safely trade and hone your skills.

Axi is a fully digital and user-friendly forex and CFD trading broker operating on the MetaTrader4 (MT4) platform, a trading platform that connects to brokers. Axi offers user education and a copy trading facility while using artificial intelligence (AL) and machine learning (ML) to coach users on improving trades.

Best For
  • Derivatives traders who use MT4
  • User-friendly MetaTrader 4 platform
  • Copy trading to learn from professional traders
  • Economic calendar with country and category filters for news of economic affairs and economic indicators from across the globe
  • Good educational material including a demo account, tutorials and videos
  • Advanced analytics driven by AI and ML
  • Customer service 24/5

Axi Ratings at a Glance

Customer Service
User Benefits
User Experience

Axi Product Offering

Axi’s mobile CFD trading platform is provided by MetaTrader 4. This platform has a mobile-friendly user interface. It also offers users advanced technical analysis, tools and charts. You can use it on Android and iOS smartphones as well as the web version for your laptop. 

Access the Axi server once you have downloaded the MT4 software. Choose your preferred language from a list of 11 supported languages. 

As an Axi trader, you can access a range of commodities, currencies, cryptocurrencies and indices. The company offers generous leverage, allowing you to trade for more than you have in your account. Leverage means that you can make substantial profits, but it can be dangerous as losses are also magnified, and you will still have to pay back the borrowed amount. Research the best forex trading software before you risk your money.  

Axi Products

Axi’s products appear below 

  • Forex – more than 70 currency pairs 
    • No brokerage fees
    • Opportunity prompts based on prices and forex trading history
  • Shares – 50 stocks from the U.S., U.K. and EU markets
    • 20:1 leverage
    • Long and short trades available
    • Dividend payouts
    • Zero commission
  • Indices - more than 30 indices 
    • 500:1 leverage
    • Zero commission 
    • Spreads from 0.2 pips 
    • Spot and future trading
  • Oil trading
    • 100:1 trading
    • Margin requirements as low as 2%
    • No brokerage fees on Standard accounts
    • Zero commission
  • Precious metals – most metals trading like gold and copper
    • 500:1 leverage
    • Zero commission
    • Spot and futures
  • Commodities – a wide range of commodities
    • 100:1 leverage
    • Zero commission
    • Margin requirements as low as 1%
  • Cryptocurrencies – supports 30 of the world’s most popular cryptocurrencies including Bitcoin, Ethereum and Litecoin. Not available for U.K. clients. 
    • 24/7 global crypto trading
    • No digital wallet required; trade directly off the MT4 platform
    • Commission free

Copy Trading

Learn new CFD trading strategies from the professionals by choosing to follow your favorite traders, trading along the same lines as they do. You can also open a subaccount, using one account for copy trading and another for original trades. 

If you choose to use copy trading, Axi provides a list of traders and their statistics. You choose the traders and start copying. You also have the opportunity to set risk levels to suit your risk tolerance. The platform allows you to stop copy trading whenever you want. 

Axi Customer Service

You can contact customer service at Axi by phone, email or live chat. The live chat is responsive, with agents connecting quickly, and you can choose to communicate in a language of your choice. Email and phone support are available five days a week, though the service does run for 24 hours a day. 


  • Facebook:
  • Twitter:
  • Instagram:
  • WhatsApp:
  • Phone
  • Email:
  • FAQs via the help-center
  • Online Chat

Axi Security

Axi doesn’t hold a banking license, nor does it appear on an exchange. It is regulated by financial authorities. These include: 

  • The Australian Security and Investment Commission
  • The Financial Conduct Authority in the U.K.
  • The Dubai Financial Services Authority

All clients with balances of more the $20,000 are automatically covered by the Client Money Insurance policy backed by Lloyds of London. Retail clients have up to a million dollars in coverage. 

Axi holds all client funds in Tier 1 banks. Over $2.4 trillion in cryptocurrency trades passed through Axi last year. Deposits take under an hour to show up in your account, and you can withdraw your funds in 1 to 2 days. Axi accepts the following cryptocurrency deposits

  • Bitcoin (BTC)
  • Tether (USDT)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Stellar (XLM)
  • Ripple (XRP)

Axi Pricing

Axi boasts low trading fees. It charges no withdrawal, deposit or account fees. It charges a $10 monthly fee if your account is inactive. An inactive account is defined as one where there have been no transactions for the last 12 months. 

Axi has three CFD trading accounts:

  • Demo account: Trade without risking your money free for 30 days.
  • Standard account: All costs are covered by the spread, which will differ according to the product and transaction size. Spreads from 1.1 pips.
  • Pro account: Commission of $7.00 spreads from 0.0 pips.

Fees Schedule

We’ve listed the fees below:

  • Financing fees: Apply to leveraged trades and will depend on the interest rates at the time.
  • Deposits: 
    • No charge for bank transfers
    • 3% for all other transfer methods such as credit card
  • Withdrawals: Free for full account withdrawal or amounts over $50. Any other amounts will attract a $25 fee.
  • Administration fees: Charges for extras like duplicate statements and audits. 

Axi is currently running a promotion. If you open an Axi trading account and make your first trade before Dec.31, 2022, you qualify to receive a 30% trading credit.  

Axi User Benefits

Axi offers many advantages to CFD trading:

  • Demo account with $50,000 in virtual funds
  • Access to a wide range of CFD trades
  • Educational resources provided by Axi Academy
  • AI and ML trading analysis and coaching through Psyquation
  • Support for talented traders with tools and the funding to grow their talent 
  • Copy trading

Axi User Experience

The Axi website and trading resources are easy to navigate and function well. The educational resources and the practice and copy trade functions mean to give the user plenty of options for learning to trade. All in all, Axi offers users a great CFD trading experience.  

Axi vs. Competitors

The Axi platform market for CFD and forex training has several competitors, including TMGM, Pepperstone and Vantage. All use the MetaTrader trading platform and offer similar products. Axi supports more languages than the competitors, but the client support is better with TMGM and Pepperstone. TMGM and Vantage require deposits.  

Minimum deposit$0$100$0$200
Account opening timeUp to 3 days1 day1 day1 day
Trading platform MT4MT4MT4MT4 and MT5
Maximum leverage500:1500:1500:1500:1
Demo accountYesYesYesYes
Supported Languages111024
Client support24/524/724/724/5
  • Axi
    Best For:
    MT4 Traders
    securely through Axi's website
  • Pepperstone FX
    Best For:
    Trading Experience
    securely through Pepperstone FX's website

    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

  • Vantage Markets
    Best For:
    Long Term Traders
    securely through Vantage Markets's website

Axi Overall

Axi offers traders a secure platform with plenty of resources to learn and develop CFD trading strategies, including e-learning facilities, AI and ML prompts and access to a demo account plus copy trading. Generous leverage and low prices ensure that traders can maximize profits. 

Axi Video Tutorial

Frequently Asked Questions


Is Axi a legit broker?


Axi is a legit broker and has regulatory approval.


What does CFD mean?


A CFD is a contract between traders where the buyer pays the seller the difference between the current asset value and the value of the asset when the contract closes. The asset never changes hands.

Submit Your One Minute Opinion

How do you like Axi?