Axi Review 2026: Our Complete Analysis
Last updated: January 2026 | Reading time: approx. 8 minutes
If you're searching for an Axi review, you've come to the right place. Axi (formerly AxiTrader) is an Australian forex and CFD broker founded in 2007 in Sydney. Regulated by five authorities including ASIC and the FCA, it serves 60,000+ clients across more than 100 countries. This review of Axi examines its trading conditions, platforms, fees, and overall reliability to help you decide whether it suits your needs.
About Axi
Axi is operated by AxiCorp Financial Services Pty Ltd, headquartered in Sydney with offices in London, Dubai, Auckland, and Singapore. The broker focuses heavily on MetaTrader 4, having added MT5 support in 2024, and runs a no-dealing-desk (NDD/STP) execution model. It is perhaps best known outside trading circles as an official partner of Manchester City FC. Axi supports clients in more than 100 countries and offers its platform interface in 10 languages, including English, French, German, Arabic, Chinese, and Vietnamese.
Regulation and Fund Security
Axi holds licenses from five regulators spanning four continents. For retail traders in the UK, the FCA entity provides FSCS compensation of up to 85,000 GBP. Client funds are held in segregated accounts across all entities, and negative balance protection applies — meaning you cannot lose more than your deposited capital.
| Regulator | Country | License Number |
|---|---|---|
| ASIC | Australia | AFSL 318232 |
| FCA | United Kingdom | FRN 466201 |
| DFSA | Dubai (UAE) | F003742 |
| FMA | New Zealand | 527693 |
| FSA | Seychelles | SD046 |
The presence of ASIC, FCA, DFSA, and FMA makes Axi one of the more robustly regulated retail brokers in its category. The Seychelles FSA entity (SD046) typically serves clients in jurisdictions not covered by the Tier-1 regulators and carries a lighter regulatory framework. If you are eligible for the UK or Australian entity, those offer the strongest protections.
Trading Conditions
Axi uses variable spreads under an NDD/STP model. The EUR/USD raw spread starts at 0.0 pips on the Pro (RAW) account, with a commission of 3.5 USD per lot per side. There is no minimum deposit requirement on Standard or Pro accounts.
Spreads at a Glance
| Instrument | Spread |
|---|---|
| EUR/USD | 0.0 pip (RAW) |
| GBP/USD | 0.4 pip |
| XAU/USD | 0.18 pip |
| BTC/USD | 40 points |
Account Types
| Account | EUR/USD Spread | Commission | Min. Deposit |
|---|---|---|---|
| Standard | ~1.0 pip | None | $0 |
| Pro (RAW) | ~0.0 pip | 3.5 USD/lot/side | $0 |
| Elite (VIP) | ~0.0 pip | 2 USD/lot/side | $25,000 |
| Islamic (swap-free) | ~1.0 pip | None | $0 |
The Standard account suits beginners who prefer no commission. Active traders will find the Pro RAW account more cost-effective at higher volumes. The Elite tier reduces commission to 2 USD per lot per side but requires a minimum deposit of 25,000 USD. Scalping, hedging, and automated trading via Expert Advisors are all permitted. Retail leverage is capped at 1:30 (consistent with ASIC and FCA rules), while professional clients can access up to 1:500.
One notable absence: there are no guaranteed stop-loss orders. Trailing stops are available.
Trading Platforms
Axi does not offer a proprietary desktop platform. Its offering revolves around the MetaTrader ecosystem.
| Platform | Desktop | Web | Mobile |
|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes |
| MetaTrader 5 | Yes | Yes | Yes |
| Axi Mobile App | No | No | Yes |
MT4 remains the core platform and is deeply familiar to most forex traders. MT5 was introduced in 2024, adding depth-of-market data and additional order types. The Axi Mobile App is a standalone option for on-the-go monitoring. Notably absent is cTrader, which some experienced traders prefer for its depth-of-market interface and intuitive order management.
Axi supplements its platforms with several useful tools: PsyQuation (a trading psychology analytics tool included free of charge), Autochartist, Trading Central, a free VPS (subject to conditions), an economic calendar, and Axi Copy for copy trading.
Tradable Instruments
Axi's catalog covers over 350 CFD instruments across multiple asset classes.
| Asset Class | Available |
|---|---|
| Forex pairs | 70+ |
| Indices | 15+ |
| Stocks (CFD) | 160+ |
| Commodities | 10+ |
| Crypto CFDs | 20+ (offshore only) |
| ETFs | Not available |
| Futures | Not available |
Crypto CFDs are available only through the offshore (FSA Seychelles) entity and are not accessible to retail clients in the UK or EU. The absence of ETFs and futures limits the range for traders looking for a single platform covering multiple asset classes. That said, 70+ forex pairs and 160+ stock CFDs cover the majority of common trading strategies.
Deposits and Withdrawals
Axi charges no deposit or withdrawal fees. There is no minimum deposit requirement. Accepted deposit methods include bank transfer, credit/debit card, Skrill, Neteller, PayPal, POLi, and USDT (cryptocurrency).
| Withdrawal Method | Fee | Processing Time |
|---|---|---|
| Bank transfer | Free | 1-3 business days |
| Credit/debit card | Free | 1-3 business days |
| Skrill / Neteller / PayPal | Free | Instant |
One fee to watch: Axi applies a 10 USD per month inactivity fee after 12 consecutive months without trading activity. If you plan to open an account and trade infrequently, factor this into your calculations.
Base currencies available include EUR, USD, GBP, AUD, CAD, NZD, SGD, JPY, CHF, and HKD — a broad selection that reduces currency conversion costs for most international traders.
Customer Support and Education
Support is available 24 hours a day, five days a week, via live chat, email, and telephone. The team operates in 10 languages including English, French, German, Spanish, Arabic, and Chinese. This multilingual coverage is a genuine practical advantage for non-English-speaking traders.
Educational resources include a free demo account, ebooks, video tutorials, and live webinars. The inclusion of PsyQuation — which analyzes your trading behavior and identifies psychological patterns affecting performance — sets Axi apart from brokers offering only standard market analysis tools. Autochartist and Trading Central provide automated chart pattern recognition and market intelligence respectively.
The educational offering is adequate for beginners and contains useful tools for intermediate traders. It does not, however, rival the depth of dedicated educational platforms.
Pros and Cons
Pros
- Regulated by five authorities including ASIC, FCA, DFSA, and FMA
- No minimum deposit on Standard and Pro accounts
- PsyQuation trading psychology tool included at no extra cost
- Competitive raw spreads from 0.0 pip with 3.5 USD commission
- No deposit or withdrawal fees
- Broad base currency support (10 currencies)
Cons
- No proprietary desktop platform — MT4/MT5 only
- cTrader not available
- Crypto CFDs unavailable for UK and EU retail clients
- No ETFs or futures instruments
- Inactivity fee of 10 USD/month after 12 months
FAQ
Is Axi safe? Yes, by the standards that matter most for retail traders. Axi is regulated by ASIC, FCA, DFSA, FMA, and FSA. UK clients benefit from FSCS compensation up to 85,000 GBP. Client funds are segregated, and negative balance protection applies across all entities.
What is the minimum deposit at Axi? There is no minimum deposit for Standard, Pro (RAW), or Islamic accounts. The Elite (VIP) account requires a minimum of 25,000 USD.
What platforms does Axi offer? Axi offers MetaTrader 4, MetaTrader 5, and a standalone Axi Mobile App. There is no proprietary desktop platform and cTrader is not available.
Does Axi charge fees for withdrawals? No. Axi charges no deposit or withdrawal fees. Bank transfers and card withdrawals take 1-3 business days; e-wallet withdrawals (Skrill, Neteller, PayPal) are processed instantly.
What is PsyQuation and is it free? PsyQuation is a trading psychology analytics tool that tracks your behavior, identifies patterns such as overtrading or revenge trading, and provides performance scoring. It is included free of charge for all Axi account holders.
Verdict
Final Score: 7.5/10
Axi reviewed in 2026 presents a solid and credible choice for forex and CFD traders who prioritize regulatory security and competitive raw spreads. The five-regulator structure — anchored by ASIC and FCA — is a meaningful differentiator. Raw spreads from 0.0 pip with a 3.5 USD commission are genuinely competitive for active forex traders, and the inclusion of PsyQuation adds real analytical value beyond what most brokers offer at this price point.
The limitations are real but predictable: no ETFs or futures, no cTrader, and crypto CFDs are unavailable to UK and EU retail clients. The platform range is solid but not flexible — if you want anything beyond MetaTrader, Axi is not the right fit.
For traders focused on forex and standard CFDs who want tight spreads, strong regulation, and no minimum deposit, Axi is a broker worth considering seriously. view the full broker profile
Trading involves risk of capital loss.
Article by the Analyse Trading team (@analysetrading) · Updated 01/01/2026 · view the full broker profile
Disclaimer: Trading involves high risk of capital loss. This article is for informational purposes only and does not constitute investment advice.