Axi

Axi Review: Is Axi any good?

Axi Broker Overview

Axi is a trading name of AxiTrader Limited (AxiTrader). Axi was founded in 2007 and rebranded from AxiTrader to Axi in 2020 in Sydney, Australia. It now operates in over 100 countries. The broker’s philosophy is “Built by traders, for traders” and offers a wide range of trading products for clients.

Licenses that brokers have obtained

If you ask whether Axi is good or not, you have to start by considering the license factor first, which has the following licenses:

• Financial Services Authority St.Vincent & The Grenadines (FSA) License No. 25417 under the name AxiTrader Limited.

• Australian Securities and Investments Commission (ASIC) License No. 318232 under the name Axicorp Financial Services Pty ltd.

Axi's Trading Products and Trading Platforms

Currency (Forex)

• A wide range of Forex trading services, with major, minor and exotic currency pairs for traders to choose from. With competitive spreads and fast order execution, traders can efficiently profit from the volatility of the Forex market.

Trading Stock CFDs

• Traders can trade shares of leading companies from around the world through contracts for difference (CFDs). Trading CFD shares allows investors to gain access to the stock market without actually owning the shares, and to speculate on share price movements.

Indices Trading

• Traders can trade indices from major markets around the world, allowing traders to efficiently speculate on the movements of global stock indices.

Commodities Trading

• Traders can trade commodities such as gold, silver, crude oil, and natural gas.

Cryptocurrency CFDs

• Cryptocurrency trading via CFDs includes popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Trading cryptocurrency CFDs allows traders to speculate on the volatility of the crypto market without actually holding the cryptocurrency.

Trading Platform

Axi is one of the most reputable brokers in the global financial market, offering a wide range of trading platforms and tools to suit the needs of investors and traders of all experience levels, including:

• MetaTrader 4

• WebTrader

Account Type Review

Axi broker offers 3 account types to choose from: Standard, Premium and Elite, with the following details:

Standard Account

• Spread                   เริ่มต้น  0.9 pips

• Commission           ไม่มี

• Leverage                1:1000

• Swap                       มี

• Minimum deposit $15

Premium Account

• Spread                    เริ่มต้น 0.0 pips

• Commission           $7 Anniversary (USD)

• Leverage                1:1000

• Swap                      มี

• Minimum deposit $500

Elite Account

• Spread                    เริ่มต้น  0.0 pips

• Commission           $3.5 Anniversary (USD)

• Leverage                1:1000

• Swap                      มี

• Minimum deposit $25,000

Deposit and Withdrawal

Comparison table

Pros and Cons of Axi 

Pros

• The web page supports Thai language.

• Variety of instruments

• 24/5 customer support

Cons

• Maximum leverage is 1:1000, which is low compared to other brokers.

• There is a Swap fee for all account types.

• Supports only one platform

• Elite Account Minimum Deposit Up to $25,000

• There is no detailed withdrawal schedule like there is for deposits.

• There are concerns about the credibility of the FSA license.

Office location and contact channels

Office location 

• Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines.

Contact channels:

• +44 203 544 9646

Axi Broker Overview: Is it Good?

Axi is considered a fairly reliable broker, and opening an account with this broker is very easy. However, you may need to find information or contact the staff again to ask about withdrawal details. Because on the website, there is no explanation for users. And the spread of some account types is quite high. And there is no Free-swap. However, you should consider and ask for more information before investing.

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Axi Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.