Axi
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Pros and Cons
- Regulated by top-tier authorities
- Low spreads
- Wide range of trading instruments
- Excellent customer support
- Advanced trading tools
- Multiple payment methods
- Strong educational resources
- No proprietary platform
- Limited advanced trading features
- No PAMM or MAM accounts
Overview of Axi
Axi, previously known as AxiTrader, has established itself as a prominent player in the world of forex and CFD trading.
Founded in 2007 in Sydney, Australia, Axi has grown to serve clients in more than 100 countries, including a substantial client base across Africa.
The broker operates with a commitment to transparency, regulation, and trader empowerment, offering advanced tools and trading resources accessible to both beginners and professional traders.
This comprehensive review delves into Axi’s full suite of services, specifically tailored to meet the needs of African traders, with a focus on trading accounts, fees, platforms, assets, customer support, and more.
Open a free accountAccount Types
Axi offers a diverse range of account types designed to accommodate traders at different levels of experience and with varying financial goals.
Whether you’re a beginner exploring the markets or a professional trader with a high-volume strategy, Axi’s account options provide the flexibility and support needed to meet your needs.
Below is a comprehensive comparison of each account type to help you select the most appropriate option for your trading style.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission | Recommended For |
|---|---|---|---|---|---|
| Standard Account | $0 | Up to 1:400 | From 1.0 pips | No Commission | Beginner Traders |
| Pro Account | $1,000 | Up to 1:400 | From 0.1 pips | $7 per lot (round trip) | Experienced Traders |
| Elite Account | $25,000 | Custom Leverage | From 0.0 pips | Discounted Commissions | Professional, High-Volume Traders |
Standard Account
The Standard Account at Axi provides an accessible, commission-free trading experience ideal for beginners.
With no minimum deposit requirement, traders can open an account and start trading with minimal financial commitment.
This account features spreads starting from 1.0 pips, which is competitive for those new to trading or looking to experiment with strategies without incurring high fees.
In addition, the Standard Account provides full access to MetaTrader 4 (MT4), one of the most widely-used trading platforms globally, allowing traders to benefit from its intuitive interface and powerful analysis tools.
Pro Account
Designed for intermediate traders, the Pro Account offers reduced spreads starting from 0.1 pips, with a modest $7 commission per lot (round trip).
This account requires a minimum deposit of $1,000, offering improved trading conditions suitable for active traders who prioritize tight spreads and low trading costs.
The Pro Account supports a variety of trading strategies, including scalping, day trading, and swing trading, thanks to its competitive pricing model and access to MT4’s advanced features.
Elite Account
The Elite Account is Axi’s premium offering, tailored for professional and high-volume traders.
With a minimum deposit of $25,000, this account provides the tightest spreads, starting from 0.0 pips, along with significantly reduced commission rates.
Elite Account holders also benefit from custom leverage options, allowing for a tailored approach to risk management and strategy.
This account type comes with priority support and exclusive benefits, making it ideal for traders managing large portfolios or executing complex trading strategies.
Trading Platforms
Axi’s primary trading platform is MetaTrader 4 (MT4), a well-regarded platform known for its reliability, flexibility, and comprehensive toolset.
The MT4 platform at Axi is enhanced with additional tools like PsyQuation and Autochartist, which offer AI-driven analytics and market scanning capabilities.
Below, we discuss each of Axi’s platform options and their features.
MetaTrader 4 (MT4)
MetaTrader 4 is a popular platform in the trading community, widely respected for its stability, customizability, and advanced analytical capabilities.
Axi’s MT4 platform is available on desktop, mobile, and web, providing flexibility for traders who need to access their accounts on the go.
The platform includes over 30 built-in indicators, customizable charting tools, and the ability to automate trading through Expert Advisors (EAs).
For traders in Africa, MT4 offers a reliable, feature-rich environment for executing trades and analyzing market trends.
PsyQuation
PsyQuation is an advanced analytics tool offered exclusively by Axi, leveraging artificial intelligence to help traders improve their performance.
The tool monitors trading behavior, identifying patterns and offering personalized feedback to enhance trading strategies.
This feature is particularly beneficial for African traders who wish to refine their skills through AI-driven insights and minimize errors.
Autochartist
Autochartist is another valuable tool available to Axi users, providing real-time market scanning for technical analysis.
It identifies chart patterns, key levels, and volatility trends, allowing traders to capitalize on emerging opportunities.
Autochartist also includes alerts and performance statistics, making it easier for traders to monitor multiple assets and react to market changes effectively.
Available Markets and Assets
Axi provides access to a wide range of asset classes, allowing traders to diversify their portfolios and explore various trading opportunities.
With options spanning forex, commodities, indices, and cryptocurrencies, African traders can find markets that align with their interests and trading goals.
Below is a breakdown of Axi’s market offerings.
| Asset Type | Description | Available Instruments |
|---|---|---|
| Forex | Major, minor, and exotic currency pairs | 70+ pairs |
| Commodities | Energy, precious metals, agricultural products | 10+ commodities |
| Indices | Global indices including FTSE, NASDAQ, and more | 30+ indices |
| Cryptocurrencies | Bitcoin, Ethereum, and other popular digital currencies | 5+ cryptocurrencies |
Fees and Commissions
Axi is known for its transparent fee structure, which varies depending on the account type.
While the Standard Account offers commission-free trading, the Pro and Elite accounts provide reduced spreads in exchange for small commissions.
Below is a comparison of fees associated with each account type at Axi.
| Account Type | Spread | Commission |
|---|---|---|
| Standard | From 1.0 pips | No Commission |
| Pro | From 0.1 pips | $7 per lot |
| Elite | From 0.0 pips | Lower commission rates |
Customer Support and Education
At Axi, customer support is available 24/5 through live chat, phone, and email.
The support team is well-equipped to handle a variety of inquiries, ranging from technical issues to trading-related questions.
Axi also provides an extensive library of educational resources, making it a strong choice for traders seeking to improve their skills and knowledge.
Conclusion
With its transparent pricing, regulatory compliance, and range of trading tools, Axi stands out as a broker that caters well to the needs of African traders.
Its diverse account offerings, combined with competitive fees and powerful platform tools, make Axi a viable option for both beginners and experienced traders.
African traders can benefit from Axi’s robust educational resources, flexible trading options, and dedicated customer support, making it an attractive choice in the brokerage landscape.
Axi Comparison Table
This table provides a comprehensive comparison between Axi and other leading brokers.
It covers essential aspects such as the availability of a demo account, minimum deposit requirements, regulatory bodies, available trading platforms, leverage options, payment methods, and links to the official website for each broker.
This overview is intended to help traders in Africa and globally make an informed decision when choosing the broker that best fits their needs.
| Broker | Demo Account | Minimum Deposit | Regulators | Platforms | Leverage | Payment Methods | Visit |
|---|---|---|---|---|---|---|---|
| Axi | Yes | $0 | ASIC, FCA | MT4, PsyQuation | Up to 1:400 | Bank Transfer, Credit/Debit, eWallets | Visit Axi |
| XTB | Yes | $0 | FCA, CySEC | xStation 5 | Up to 1:500 | Bank Transfer, Credit/Debit | Visit XTB |
| FXOpen | Yes | $10 | ASIC, FCA | MT4, MT5 | Up to 1:500 | Bank Transfer, Crypto | Visit FXOpen |
| IC Markets | Yes | $200 | ASIC, CySEC, SCB | MT4, MT5, cTrader | Up to 1:500 | Bank Transfer, Credit/Debit, PayPal | Visit IC Markets |
| EasyMarkets | Yes | $25 | ASIC, CySEC | MT4, WebTrader | Up to 1:400 | Bank Transfer, Credit/Debit | Visit EasyMarkets |
| FBS | Yes | $1 | CySEC, IFSC | MT4, MT5 | Up to 1:3000 | Bank Transfer, Crypto | Visit FBS |
| Deriv | Yes | $5 | MFSA, VSC | MT5, Deriv X | Up to 1:1000 | Bank Transfer, Crypto | Visit Deriv |
| FXTM | Yes | $10 | FCA, CySEC | MT4, MT5 | Up to 1:2000 | Bank Transfer, Credit/Debit | Visit FXTM |
Axi Trading Instruments Comparison
This table compares the range of trading instruments offered by Axi and leading brokers.
It covers major markets, including CFDs, forex, stocks, commodities, cryptocurrencies, metals, and ETFs, allowing traders to quickly assess the variety and flexibility provided by each broker in terms of available asset classes.
| Broker | CFD | Forex | Stocks | Commodities | Crypto | Metals | ETFs |
|---|---|---|---|---|---|---|---|
| Axi | Yes | Yes | Yes | Yes | Yes | Yes | No |
| XTB | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| IC Markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| FBS | Yes | Yes | No | Yes | Yes | Yes | No |
| Deriv | Yes | Yes | No | Yes | Yes | No | No |
| FXTM | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Pepperstone | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
User Reviews and Opinions
Frequently Asked Questions
What is the minimum deposit for Axi?
The minimum deposit for Axi is 0 USD.
Is Axi regulated?
Yes, Axi is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA).
What trading platforms does Axi offer?
Axi offers the MT4 and WebTrader platforms.
Does Axi offer a demo account?
Yes, Axi offers a demo account for practice trading.
What payment methods are accepted by Axi?
Axi accepts local African payment methods such as M-Pesa, as well as mainstream methods like credit/debit cards, bank transfers, Skrill, and Neteller.
Does Axi offer Islamic accounts?
Yes, Axi offers Islamic accounts.
What is the leverage offered by Axi?
Axi offers leverage up to 1:500.
Are there any deposit or withdrawal fees with Axi?
Axi does not charge deposit or withdrawal fees.
Does Axi provide educational resources?
Yes, Axi provides webinars, eBooks, video tutorials, and articles for educational purposes.
Is there customer support available 24/7?
Yes, Axi offers 24/7 customer support through live chat, email, and phone.
Resources
Get To Know Our Team
The following team members have contributed to writing, editing, reviewing, and verifying the information in this article:
Arnold K.
Arnold is a financial journalist specializing in Forex and brokers. With a Bachelor of Science in Graphic Communication & Advertising, he blends creativity and analytical insight in his work. Arnold is known for his detailed analyses of forex markets and broker performance, emphasizing strategic decision-making in trading. His writing, featured on many platforms, aims to educate readers on navigating forex complexities. Passionate about technology and continuous learning, Arnold remains a trusted voice in the financial sector.
Oluwapelumi A.
Oluwapelumi A. is a financial journalist specializing in brokers and cryptocurrency. He holds a Higher National Diploma from The Polytechnic, Ibadan. As an independent journalist, his work has been published on premier broker sites, providing insightful analyses on broker performance and market trends. His investing style focuses on dollar-cost averaging, and his expertise includes Bitcoin, Ethereum, Cardano, and Algorand. A firm believer in the transformative power of Bitcoin and blockchain, Oluwapelumi shares knowledge on how these technologies can shape the future financial system. Outside of writing, he enjoys meeting new people and exploring new experiences.
Adetola F.
Adetola is a financial journalist and market analyst. He holds a B.Sc. in Educational Media and Technology from the University of Ilorin. Specializing in swing and position trading, Adetola has expertise in currencies, cryptocurrencies, gold, and stocks. Known for his consistent performance and extensive experience, he has trained numerous successful students worldwide. Adetola frequently publishes articles, educational videos, and live market reviews to help others navigate the complexities of financial markets.
Updated as of: April 29, 2025