Axi Review 2020

Axi (formerly AxiTrader) is an award winning, regulated online broker created by traders for traders. They offer tight spreads, low commissions, good execution and range of different markets. Advanced platforms and trading tools add to the overall online trading experience.

In this detailed Axi review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Axi is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Axi .

Axi Review: Summary

Founded in 2007 in Sydney, Australia, Axi is part of the AxiCorp Group who have since grown to become one of the leading online brokers across the globe, primarily focused on products and services for retail traders with clients in more than 150 countries. Axi was previously known as AxiTrader before rebranding in 2020.

Established by a group of traders, they have an understanding of what traders need and thus offer tight spreads, minimal slippage, fast execution speeds and multi-lingual global 24-hour customer service, within a secure and highly regulated environment.

The powerful and reliable trading platforms are available in numerous languages and give users access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution.

Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced.

Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. A dedicated account manager is available to assist traders along their journey.

Axi have won multiple awards for their trading services including Most Trusted Forex Broker and Best MT4 Provider at the UK Forex Awards 2018.

Axi have a wide range of different trading instruments across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs.

Axi Review: Regulation

Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors. The AxiTrader group includes 2 regulated companies.

Axi is a trading name of AxiCorp Financial Services Pty Ltd (AxiCorp). AxiCorp holds an Australian Financial Services Licence (AFSL number 318232). AxiCorp is authorised and regulated by the Financial Conduct Authority with FCA Reference Number 509746.

Axi UK must comply with the rules of the European Securities and Markets Authority (ESMA) when they are conducting their business. These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted.

Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds. This means that client funds cannot be used for any other purpose by Axi such as operating costs are hedging.

Axi Review: Countries

Axi accepts clients from all over the world, excluding USA, Canada, Iran and some other countries where restrictions apply. Some Axi broker features and products mentioned within this Axi review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.

Axi Review: Trading Platforms

Axi offer multiple variations of the popular MetaTrader (MT4) trading platform. MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

Whether you prefer to trade on your desktop or whilst on the go, MT4 is compatible with the technology and operating systems you prefer to use. It comes with a wide range of built-in tools and fully customisable features.

MetaTrader 4 Desktop

This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets. From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. You simply download and install MT4 for PC or Mac and login to your account to start trading.

MT4 has a user friendly interface with a range of benefits and features including technical indicators for analysing charts, automated trading, one click trading, flexible charts & tools. An advantage of the Axi MT4 is that they have invested in co-located servers and fibre optics for faster trading.

MetaTrader 4 Mobile

The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform. You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more. This is useful for those who need to access their account whilst on the go from differing locations. MT4 mobile is freely available to download on both Android and iOS via the relevant app stores.

MetaTrader 4 NextGen

MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. It is free for all Axi clients who open a live account and deposit a minimum of at least $1,000.

Sentiment Indicator

The sentiment indicator will give you an insight into what positions other traders are taking. Sentiment analysis is often used as part of a contrarian trading strategy.

Correlation Trader

The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management.

Alarm Manager

The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time.

Economic Calendar

The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events.

New Terminal Window

The new terminal window has some additional features for managing orders, sending alerts, creating templates, grouping functions together and more.

Automated Trade Journal

The automated trade journal can help to improve trade analysis by automatically recording your activity.

Session Map

The session map simply shows you the different markets opening and closing times. Market sessions are New York, London, Tokyo & Sydney.

Mini Manager

The mini manager has the ability to open/manage positions and use complex order types with more efficiency.

Forex News

The forex news feature provides you with the latest forex news directly into the platform. You can add your favourite news feeds and follow traders from social networks.

Axi Review: Trading Tools

Axi offer a set of trading tools that can be used for assisting with your trading. These range from providing signals, chart analysis, multiple account management and more.

MT4 Trading Signals

The trading signals offering allows you to copy trading signals from traders around the world directly into your trading platform. There are thousands of signal providers to choose from and you can share your own strategy signals.

Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences.

Axi make a point to emphasise that signal performances are based on historical performance and there is no guarantee on future performance.

Multi-Account Manager

The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal. It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes.

MT4 VPS Hosting

Axi clients can subscribe to a virtual private server (VPS) via external third-party providers such as ForexVPS. A VPS is a virtual host on an external server for your trading platform that runs 24/7, thus limiting connectivity issues and downtime whilst allowing you to run automated systems (expert advisors). If a client trades a certain amount of volume every month, Axi will contribute towards the cost of the VPS.

Autochartist

The Autochartist pattern recognition software can save you time scanning the charts by conducting automated chart analysis for you. It will show you patterns found on an instrument of your choice with a pattern quality rating. You can set alerts for when patterns are found and it can also forecast possible stop loss or take profit levels.

Automated Technical Analysis

Autochartist automatically finds Fibonacci patterns such as extensions and retracements as well as chart patterns such as Triangles, Wedges, Tops and Bottoms. It can send notifications when a pattern is discovered and identifies possible support and resistance levels based on these patterns.

Performance Statistics

You can review the past 6 months performance statistics of the patterns and levels found by Autochartist to see those that worked and those that did not.

Volatility Analysis

The volatility analysis gives information related to the volatility of markets at any given time with an adjustable risk parameter to identify instruments that meet a certain volatility criteria.

Favourites

You can set your favourites to only display certain patterns and filter by probability of success based on past performance.

Free Market Report

You can subscribe to be sent economic news 3 times a day that covers the outlook for various markets over the coming days.

Trading Community

There is an Autochartist trading community that includes tutorial videos to help you understand how to use and personalise the software.

Economic Calendar

Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact. You can see historical and future forecasts of each news release.

PsyQuation Premium

PsyQuation is an advanced data analytics platform that uses highly sophisticated algorithms to analyse your own individual trading style and find areas for where you could improve. It is free to all Axi clients who maintain a balance of at least $500 and trade a minimum of 1 standard lot per month.

PsyQuation Premium has more powerful indicators, frequently updated trading signals, comprehensive forecasting and institutional level quantitative models. Users have exclusive access to a suite of advanced trading tools that includes the Order Flow Sentiment Indicator (OFSi). OFSi allows users to view the Buy and Sell order flow of 22,000+ live trading accounts. You can also receive custom alert notifications via the app, email or SMS.

Axi Review: Education

Axi have an education centre with free training for all levels of traders that covers a range of basic, intermediate and advanced subjects. The centre includes eBooks, webinars, video tutorials and a glossary. Tutorials are available in 24 languages.

Free Educational Course

The Axi free educational course covers many aspects of trading from how to place trades, risk management, chart analysis, news trading and more.

Axi Review: Trading Instruments

Axi have a wide range of different trading instruments across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs.

Forex Trading

Axi offer over 80+ major, minor and exotic FX currency pairs available to trade with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks.

Commodities Trading

You can trade commodities with Axi without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas. Commodities are often used as a way to diversify a portfolio.

Indices Trading

When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset. Index trading is popular mainly due to the diversity they offer and flexible leverage.

Axi Review: Trading Accounts & Fees

Axi offer a choice of standard or pro accounts that are flexible depending on individual trader needs. All accounts feature simple and secure funding, advanced trading platforms and tools.

Each account has 80+ FX pairs, Metals & CFDs to choose from. Leverage up to 1:400 is available with EU leverage capped at 1:30 due to ESMA restrictions. Expert advisor trading, MT4 NextGen and the free VPS for qualifying clients are available on both accounts. MT4 NextGen does require a $1,000 minimum deposit. The main difference between the accounts are the spreads and commission. Demo accounts are available if you wish to test trading conditions and platforms before opening a real account.

MT4 Standard Account

The standard account requires a $200 minimum deposit, has variable spreads starting from 1.0 pips and charges no commission.

MT4 Pro Account

The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads.

As broker fees can vary and change, there may be additional fees that are not listed in this Axi review. It is imperative to ensure that you check and understand all of the latest information before you open an Axi broker account for online trading.

Axi Review: Customer Service

Axi have a global, multi-lingual team available to help you 24/5. Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions. Support is offered in 12 countries and 6 languages.

Axi Review: Deposit & Withdrawal

Axi have a selection of deposit and withdrawal methods to suit different client requirements. You can use a credit card, bank transfer or an online payment processor such as Neteller or Skrill.

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear. Accounts can be opened in EUR, GBP, USD, CHF, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Axi Review: Account Opening

Opening an Axi account is a quick and easy online process. You simply complete the online form and verify your email address. You will then need to upload proof of identification and address for KYC purposes. Once verified, you will then be able to fund your account and start trading. Customer support is on hand to assist you during the process if required.

Axi Review: Conclusion

Axi is an award winning and regulated online broker created by traders for traders. They offer tight spreads, competitive commissions, fast execution and a range of different assets to trade. Trading platforms and advanced trading tools add to the overall trading experience.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.