Axi at a glance
Axi (formerly AxiTrader) is an Australian broker offering forex, CFDs and commodities on MT4, with raw spreads, copy trading and a strong reputation for reliable execution.
Axi reports a founding year of 2007 and a head office in Sydney, Australia. It lists 3 regulators and 3 trading platforms.
BrokerBazaar verdict
Axi has a substantial regulatory footprint across Australia, New Zealand, the UK, Cyprus and the UAE, making its regulated operations considerably stronger than brokers relying primarily on offshore jurisdictions. However, the exact regulatory protection depends on the entity onboarding the client, and the current SVG entity is not verified as holding a financial-services licence.
Legal entities, regulation and licences
Axi operates through 5 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Axi states that it accepts clients from Australia, UK, UAE, Saint Vincent. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Indices, Commodities, Precious Metals, Shares, Cryptocurrencies, CFDs, IPOs. Platforms: MT4, Axi App, Axi Copy Trading. Account types: Standard, Pro (Raw), Elite.
Best-for tags assigned by our team: Low Spreads, Copy Trading, MetaTrader, Scalpers.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $100. Spreads start from 0.0 pips and commission is None (standard) · $0 (raw). Maximum leverage is 1:1000, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card, Skrill, Neteller, PayPal. Withdrawal methods: Bank Transfer, Credit Card, Skrill, Neteller, PayPal.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Not specified. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: success@axi.com. Phone: +61 1300 888 936. Axi's complaint procedure is entity-specific. The current Axi complaints procedure states that complaints can be made through Client Services by email or other contact channels. Internal procedures generally allow up to 14 days to deal with a complaint; if unresolved within 14 days, Axi provides reasons for delay, progress updates and an expected decision date. External dispute-resolution arrangements vary by entity; Australian and New Zealand clients may use AFCA or FDRS respectively after the internal process.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Raw spreads from 0.0 pips
- Strength: ASIC, FCA and DFSA regulated entities
- Strength: No minimum deposit
- Strength: Strong copy-trading offering
- Limitation: MT4 only (no MT5)
- Limitation: Offshore entity for some clients
- Limitation: Limited share CFDs
Who this broker suits, and who it does not
Axi is most relevant to traders looking for: Low Spreads, Copy Trading, MetaTrader, Scalpers.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Axi change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Axi yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Axi
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 4.1/5; WikiFX 8.82/10; Forex Peace Army 2.71/5; Google Play Store 3.8/5; Apple App Store 3.4/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with Axi. How we make money. Trading leveraged products carries a high risk of loss.