Overall, Axi can be summarised as a trustworthy Forex Broker with a robust regulatory framework and a highly competitive starting spread.  Axi offers access to premium-level trading facilities catering diverse clientele base and has a trust score of 92 out of 99.  

Overview

AxiTrader, or Axi has gained global recognition as a trusted online trading service provider, emphasizing forex and Contracts for Difference (CFDs). A key factor that sets the company apart is its robust regulatory framework, overseen by respected authorities such as ASIC, FCA, and FMA. Axi’s dedication to maintaining operational honesty while safeguarding traders’ assets is evident by ensuring compliance at multiple levels.  

Detailed Summary

 

Safety and Security

The segregation of customer funds represents an indispensable aspect of Axi’s overall safety plan, whereby client money is stored in distinct accounts completely isolated from the company’s finances. Furthermore, being a member of the Compensation Fund ensures that Axi takes additional measures to safeguard its customers. In the rare financial instability event, eligible clients can receive compensation, which helps alleviate concerns and acts as an extra layer of protection. Axi implements two-factor authentication (2FA) during login procedures to obstruct unsanctioned access to customers’ trading accounts and offer added security measures against potential hacking.  

Account Types

Standard Account

Traders of varying levels can access the Axi Standard Account, which has no minimum deposit requirement.   With spreads that begin at 0.4 pips and zero transaction fees, traders have affordable entry into all markets on the MT4 platform.

Pro Account

The Axi Pro Account caters to proficient traders knowledgeable of intricate financial market nuances. It guarantees narrow spreads commencing at 0.0 pips and a competitive fee of $7 for every round turn made. The account does not mandate minimum deposit requirements, enabling trading methods that utilize sophisticated tools like AutoChartist, PsyQuation, and MT4 NexGen.

Elite Account

The Elite Account offered by Axi is designed for discerning traders willing to deposit a minimum of $25,000. With the lowest fees in tow, this account starts with spreads as low as 0.0 pips and has round turn cost pegged at $7, similar to Pro Accounts.

Demo Account

Axi’s Demo Account is an educational resource that offers a simulated trading experience for 30 days. With virtual funds of up to $50,000, traders can experiment with different strategies and familiarize themselves with the MT4 platform without taking financial risks.

Islamic Account

Axi’s Islamic Account conforms to Shariah law, providing a trading platform free from swaps. This account specifically caters to Muslim traders who prefer adhering to the financial standards of their religion. The absence of interest charges on overnight holdings respects Riba’s prohibition against usury, and its compliance with other Shariah rules makes it ideal for such investors.  

How To Open an Account

• Visit the Axi website and the “Open Live Account” or “Getting Started” page.
• Complete the first application form
• Determine your desired account type.
• Before submitting your application, carefully read and accept the Terms and Conditions.
• After completing the first form, you will be asked to provide papers to prove your identification.
• Ensure that the documents are readable, valid, and correspond to the information you gave in the application.
• Once your account has been validated, you may deposit money to begin trading.

 

Trading Platforms and Software

Traders can benefit from Axi’s provision of the widely-used MetaTrader 4 (MT4) platform, recognized for its trustworthy functionality and broad features. MT4 boasts superb charting abilities, technical indicators, and automatic trading capabilities through Expert Advisors (EAs).

Which Markets Can You Trade?

The following trading instruments and products are on offer:

• 70 currency pairings
• 100+ CFDs
• 31 indices
• 16 commodities
• 4 separate oil markets
• 7 precious metals
• 35 cryptocurrencies

Axi provides a compelling opportunity for traders to participate in the dynamic world of initial public offers (IPOs) by selling stock CFDs on freshly listed firms on the stock exchange.  

Deposit and Withdrawal

Here is an overview of how to deposit to Axi via the most popular Deposit Option:  

Credit or Debit Card

Log onto your Axi account go to the “Funds” section and select “Deposit Funds” then “Credit/Debit Card.”  Enter the deposit amount, credit card details, and verification information. Verify all information and authorize the payment. Funds should be immediately credited to your trading account. Here is an overview of how to make a Withdrawal from Axi via the most popular Withdrawal Option:  

Bank Wire

Log onto your Axi account go to the “Funds” section and Select “Withdraw Funds” then “Bank Wire Transfer.” Enter your withdrawal amount and select the receiving currency. Make sure your bank information is valid and up to date. Submit a withdrawal request.  Axi will execute your request and deposit the cash into your bank account.  

Educational Resources

Axi offers the following educational resources:

• Video Courses
• eBooks
• Blog
• Axi Academy

Various tools and materials are provided to traders to help them make educated trading choices.  

Pros and Cons

 

In Conclusion

Axi stands out as a powerful forex and CFD broker that serves a diverse range of traders, from beginners to seasoned pros.