Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with Axi please share your personal review of the broker and what you think are strong and weak points. If you have traded with Axi we would really like to know about your experience – please submit your own review.

This can be carried out very effectively through the EAs feature of the MT4 trading platform. This is also backed up by a great range of charting tools and indicators that their own platform, as well as MT4, provides, though the limited asset choice can be an issue. Overall then Axi is a great choice if you prefer a feature-filled proprietary trading platform.

rokers Professional Insights

This account charges commissions of $7 (round turn) when you open or close a trade position. Spreads start from 0.0 pips for major forex pairs and you also pay swap fees whenever you keep a trade position open past the closing time of the market. This account is spread only and you do not pay any commissions when you open or close trade positions. Spreads start from 0.4 pips for major forex pairs and you pay swap fees whenever you keep a trade position open past the closing time of the market. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.1% of retail investor accounts lose money when trading CFDs with this provider.

AXI does not offer an integrated wallet for storing cryptocurrencies, and all crypto trading is conducted via CFDs—there is no fiat-to-crypto or crypto-to-fiat conversion on-platform. MT4 Standard Account offers 80 currency pairs, no commission, no minimum deposit, free setup, and download. You can customize your trading dashboard by dragging and dropping your favorite charts and analysis tools. It is very easy to use and offers access to the full range of instruments, from Forex and Commodities to CFD Indices. It is designed for fast and simple execution with the use of MT4’s one-click trading.

Unique Features

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Our review confirms that Axi is a trustworthy broker, backed by authorization from Australia’s ASIC and not publicly traded. With a trust score of 82, Axi is considered reliable, falling into the ‘Trusted’ category according to ForexBrokers.com.

• Axi is a commendable option for beginners, thanks to its provision of beginner education videos and the lack of a minimum deposit requirement, making it accessible for new traders starting out.
• Axi is a well-known broker for its nearly excellent trading conditions, transparent practices, and comprehensive offerings tailored to traders of all levels.
• Although it does not hold Canadian CIRO regulation, I find its adherence to tier-1 regulatory standards to be reassuring, especially for traders who value fund protection and dispute resolution.
• It was founded in 2007 and is known by its previous trading name, AxiTrader.
• Beginner traders have access to a well-presented educational portal, and I think Axi Select is a real game-changer in the industry.

Axi Trading Hours

The previously mentioned facts combined with our research on Axi’s user opinions and online reviews still grants them a safe broker status. Note that they also offer relatively few tradable instruments, you should check out the available instruments to ensure they have the markets you want to trade. Axi is the sole execution venue of your trades and deals with you as principal.

Users benefit from a vast range of technical analysis tools, including 38 built-in indicators, 44 graphical objects, and 21 timeframes, allowing for precise market evaluation and strategy development. The interface is clean, and navigating through different sections is straightforward. The ability to customize the dashboard allows traders to tailor the experience to their preferences. However, the mobile app could use some improvements for better performance on older devices. Axi provides a suite of advanced trading tools, including market analysis, economic calendars, and trading signals. These tools help traders make informed decisions and optimize their trading strategies.

AxiTrader MT4 Platform is available on desktop (as well as web), Mac, and mobile. The platform offers more than 100 currency pairs, automated trading (EAs), free setup, and download. It has full market coverage, which allows you to access the full range of trading options, from Forex and Commodities to CFDs and Indices. The platform is customizable, and you can manage your trading dashboard with its flexible charts and tools. MT4 is known to be the world’s number one trading platform for Forex trading.

This review dives deep into the key features of AXI, including its trading platforms, asset offerings, regulatory safety, customer service, and more. Whether you’re a beginner or axitrader review a seasoned trader, this review will help you determine whether AXI is the right broker for you. Both Standard and Pro accounts require no minimum deposit to enjoy Axi’s trading experience and highly competitive spreads. There are few brokers regulated in both the UK and Australia, both of which represent some of the more demanding compliance jurisdictions in the world, but Axi is one of them.

Markets

However, the majority of feedback emphasizes Axi’s consistent performance and dedication to providing a secure, transparent trading experience, making it a dependable choice for traders worldwide. Overall, we found Axi offering adheres to access the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced traders. As an established international group of companies, Axi provides financial products focused on foreign exchange, primarily for retail investors.

Discover more about our comprehensive review process and how we maintain transparency and impartiality here. A standout feature is the Axi Copy Trading App, which integrates social trading into the MT4 environment. This allows beginners to copy professional strategies and advanced users to showcase their portfolios. However, the asset selection is not as broad as some global competitors, covering around 140 instruments, and stock/ETF access is CFD-only—no spot or direct equity investing.

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times. On our first interaction with the customer service team via live chat we received an inaccurate answer to our question. Axi offers traders access to the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface and advanced trading tools. This platform is available across desktop, mobile, and web, ensuring flexibility for traders. AxiTrader’s Multi-Account Manager (MAM) is an integrated software tool that lets a single trader execute block trades on all accounts operating under a master account.

There are other brokers that accept Malaysian clients and offer negative balance protection. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.

Key Pros

Again you will have access to more than 140 tradable markets with the same range of great additional features. AXI offers traders access to the MetaTrader 4 (MT4) platform, one of the most popular trading platforms in the world. Although some brokers have shifted to MetaTrader 5, AXI continues to support and enhance MT4 with additional tools and plugins, providing traders with a familiar yet powerful experience. There are no fees charges on deposits or withdrawals, though some supported payment methods like Skrill do impose a small third-party charge to Axi users. Small overnight and rollover fees are industry standard account features unless users opt for Islamic accounts, which are Shariah compliant and swap/rollover free.

• This account type has no minimum deposit at all and provides an excellent and highly competitive spread for you to start trading of just 0.4 pips with no additional commission.
• Plus, their customer support team is incredibly responsive and knowledgeable.
• When it comes to regulation, Axi recognizes the importance of trusted regulation for traders.

For international bank wire transfers, your bank may charge you a receiving fee. This non-transactional fee is your responsibility; please check with your bank if you are unsure. Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers. The broker does not guarantee same-day fund receipt, as processing times depend on the receiving bank’s procedures, and these are beyond Axi’s control.