Axi Review for 2024 • Benzinga

Axi Product Offering

Axi’s mobile CFD trading platform is provided by MetaTrader 4. This platform has a mobile-friendly user interface and 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 39 supported languages. 

As an Axi trader, you can access a range of commodities, currencies, cryptocurrencies and indices. The company offers generous leverage meaning that you can make substantial profits, but losses can also be 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 – 100 stocks from the US, UK 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
• 200:1 leverage
• Zero commission*
• Margin requirements as low as 0.5%
• Cryptocurrencies – supports 30 of the world’s most popular cryptocurrencies including Bitcoin, Ethereum and Litecoin. Not available for UK clients.
• 24/7 global crypto trading
• No digital wallet required; trade directly off the MT4 platform
• Commission free*
• Prop Trading – generous funding up to $1 million USD
• Joining their prop trading program is free and has no registration or membership fees
• They provide access to advanced trading tools, technical expertise and analysis, live educational content, and a community network of professional traders.

*Spreads and other fees apply.

Copy Trading

Learn new CFD trading strategies from the professionals by choosing to follow and copy the portfolios of your favourite traders. You can also open a subaccount, using one account for copy trading and another for original trades. 

If you choose copy trading, Axi provides a list of traders and their statistics. Find traders with great portfolios and start copying them. 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 Select

Axi Select is a capital allocation program for Axi traders who want to build professional skills. It offers generous funding up to $1 million USD as part of a structured pathway to help traders have opportunities to succeed.

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. 

Contacts:

Axi doesn’t hold a banking license, nor does it appear on an exchange. Axi Group of Companies is regulated by various financial authorities including: 

• The Australian Security and Investment Commission (ASIC) 
• The Financial Conduct Authority in the UK (FCA)
• The Dubai Financial Services Authority (DFSA)

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 boasts low trading fees. It charges no withdrawal, deposit or account fees. For inactive accounts, there is a $10 monthly fee. 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. * Demo accounts operate in a simulated market environment. Performance in a demo account may differ from your real trading account
• Standard account: All costs are covered by the spread, which will differ according to the product and transaction size. Spreads from= 0.9 pips.

Pro account: Commission of $7.00 spreads from 0.0 pips.t. 

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. 
• * Intermediary banks can apply for charges fees which Axi does not have control over. We can only cover the fees we can see.

Axi offers many advantages to CFD trading:

• Demo account with $50,000 in virtual funds
• Access to a wide range of CFD trades
• Free educational resources
• Support for talented traders with tools and the funding to grow their talent 
• Copy trading
• Axi Select

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 positive 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. 

Axi offers traders a platform with plenty of resources to learn and develop CFD trading strategies, including e-learning facilities and access to a demo account plus copy trading. Generous leverage and low prices ensure that traders have the potential to maximise profits. 

^Over-the-counter derivatives are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose.

^The Axi Copy Trading App is provided in partnership with London & Eastern LLP.

^The Axi Select programme is only available to clients of AxiTrader Limited, not available to AU, NZ, EU and UK residents.

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