Axi Review - How about the Trading Platform? Is a $0 minimum deposit true? - WikiFX

Axi Information

As a global online trading brokerage firm, Axi offers more than 220 CFD products, including foreign exchange, stock CFDs, indices, commodities, and cryptocurrencies. Axi also provides flexible account options. Both the standard account and the professional account have their advantages, with spreads as low as starting from 0.0 pips and a minimum deposit requirement of $0. Relying on the MetaTrader 4 (MT4) trading platform, Axi supports multi-terminal operations and provides the Autochartist intelligent analysis tool for free. Its business covers multiple regions around the world, and it has established operations in London, China, Germany, Latin America, the Middle East, and other places.

Pros and Cons

Is Axi Legit?

Axi is a legal and compliant online trading brokerage firm. It is registered in multiple regions and is regulated by relevant financial regulatory authorities.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FSA	Market Maker (MM)	Axi Financial Services (UK) Limited	466201	Regulated
	ASIC	AXICORP FINANCIAL SERVICES PTY LTD	Market Maker (MM)	000318232	Regulated
	CySEC	Market Maker (MM)	Solaris EMEA Limited	433/23	Regulated
	FMA	AXICORP FINANCIAL SERVICES PTY LTD	Straight Through Processing (STP)	518226	Regulated
	DFSA	AxiCorp Financial Services Pty Ltd	Retail Forex License	F003742	Regulated

What Can I Trade on Axi?

On the Axi platform, investors can trade a wide variety of products, including foreign exchange trading, stock CFD trading, index trading, trading of various commodities such as precious metals, and cryptocurrency trading. In addition, Axi offers traders the opportunity to trade CFDs on IPO shares.

Account Type

Axi mainly offers MetaTrader 4 (MT4) trading accounts, including three types: Standard Account, Pro Account, and Elite Account. During the application process for a standard account, you can choose the swap-free account option (subject to your country of residence and specific regulatory requirements). However, Axi does not allow customers to hold both a standard and/or professional account and a swap-free account simultaneously.

Axi Fees

Axi adopts a transparent multi-dimensional fee structure, providing traders with flexible cost options. The standard account offers competitive spreads starting from 0.7 pips, while the Elite account provides institutional-level spreads starting from 0.0 pips but charges a round-trip commission of $3.50 per round trip, which is suitable for high-frequency traders to obtain the ultimate spread advantage. Low-frequency traders are suitable for the standard account without commission, while high-frequency traders with large transaction volumes can benefit from the ultra-low spreads of the Elite account and Pro account.

In addition to the regular spreads and commissions, Axi will charge reasonable derivative fees, including overnight interest that reflects the cost of funds (tripled on Wednesdays), dividend adjustments that reflect corporate actions, etc. These fees are all strictly by market practices and publicly announced in advance. Traders can view the detailed fee descriptions in real time through the account dashboard.

Leverage

Axi offers flexible leverage options, with the maximum leverage ratio reaching up to 1:1000. High leverage can amplify investors' returns, but at the same time, it will also increase the risks.

Trading Platform

Axi provides the MetaTrader 4 (MT4) platform, which supports usage on PC, Mac, mobile devices (Android, iPhone, iPad), but has a WebTrader browser version. Different versions of the MT4 platform all possess functions such as real-time pricing, chart viewing, trading monitoring and modification, and automatic news updates.

All Axi customers can use the Autochartist auxiliary tool for free. Autochartist can obtain real-time pricing based on market conditions, automatically identify trading setups, and help investors make better trading decisions.

Deposit and Withdrawal

Axi offers various convenient deposit and withdrawal methods, including international bank transfers, debit and credit cards (Visa, Mastercard), internet or local bank transfers in specific regions, and cryptocurrency payments in certain areas. The minimum deposit is $0.

Investors can log in to the Axi customer portal, select “Funds”, and then click “Add Funds” or choose “Withdraw”. They should select the appropriate deposit or withdrawal method according to their region. After the deposit processing is completed, the funds will be available for trading in the MT4 account. The system will display all available withdrawal options based on the investor's region.

Withdrawal requests are processed during normal working hours from Monday to Friday. Axi strives to complete the processing within 1-2 working days after receiving the request, but the time for the funds to reach the account will vary depending on the withdrawal method. The minimum withdrawal amount depends on the selected withdrawal method or the total remaining balance in the account. For example, when withdrawing via a bank card, the minimum withdrawal amount is $5.

Copy Trading

The copy trading function of Axi has created an efficient and convenient intelligent trading ecosystem for investors. Axi Copy Trading allows users to track in real-time and automatically replicate the operations of the world's top traders. All they need to do is connect their MT4 account to the platform, select their preferred trading experts, and the system will intelligently synchronize all trading instructions.

The platform supports copy trading operations for more than 130 popular trading products, including foreign exchange, commodities, cryptocurrencies, etc., covering mainstream asset categories. In addition, Axi copy trading offers zero commissions and flexible leverage, reducing the cost of copy trading and enhancing the profit potential, enabling investors at different levels to participate in the market with the optimal allocation.

Bonus

Axi will launch promotional activities and bonus benefits from time to time. For example, during the period from April 1st to June 30th, 2024, activities were launched offering a $20 cashback and 100% trading credit (promotional code SEA20), as well as a $30 cashback and 100% trading credit (promotional code SEA30). Investors can pay attention to Axi's official website or relevant channels to stay informed about and participate in these activities in a timely manner, so as to obtain additional trading benefits.