Axi, which was previously named Axitrader, is a globally recognized forex broker based in Australia. Is this Axi broker worth your time? Over 60,000 traders across over 100 countries seem to think so. In this guide, we will take a look at all of Axi’s features, payment methods, advantages, and disadvantages – hopefully, our insights will help you determine if the Axi forex service is right for you.
Pros and Cons
Summed up, these are the pros that make Axi trade features attractive to users are some cons to using Axi:
+ Order execution is very fast
+ Accounts can be opened instantaneously with electronic identity verification (for additional verification, it takes under 24 hours)
+ There is no minimum deposit amount
+ Axi has won plenty of awards, including the Most Trusted Forex Broker in 2018
– Customer service is available 24/5 rather than 24/7
– Research tools are not as comprehensive as other brokers.
Axi customers get access to the following services:
- Advanced trading tools, such as AI-driven analytics, VPS hosting, and automated signal providers
- Educational opportunities, like seminars, workshops, ebooks, video tutorials, and online courses
- Free Demo and Live Account options
- Access to MT4 across most major operating systems and devices
For more information on features that the Axi broker offers, check the table below.
|Trading Instruments||150+ trading products, across Forex, CFD, Gold & Silver, Indices, Cryptocurrencies, and Commodities markets|
|Spreads||Starting from 0.0 pips|
|Leverage||Up to 500:1|
|Trading Platforms||MT4 for PC, Web, Mac, and Mobile|
|Base Account Currencies||AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD|
|Supported Countries||Axi does not have an easily accessible list of supported countries. However, when you fill out the application to open a live trading account, you can see the supported countries in the drop-down form section. Over 100 countries are supported – the U.S. and Canada are excluded.|
Axi (Axitrader) offers two kinds of accounts: Standard and Pro. We’ve compared both account types below. As you can see, the only key difference between the account types is the spreads and commission.
|Commission||None||$7/round trip transaction (this includes commissions, bid/asl spreads, market impact costs, and exchange fees)|
|Spreads||Starting from 0.4 pips||Starting from 0.0 pips|
|Leverage||Up to 500:1||Up to 500:1|
|Minimum Axi Trade Size||0.01 lots||0.01 lots|
|Demo Period||30 days||30 days|
Deposit and Withdrawal Options
As you may have noticed, one factor that makes Axi (Axitrader) a unique broker is that no minimum deposit amount is mandatory. This is quite rare; typically, brokers require $10+ for deposits. Now, let’s take a look at the deposit/withdrawal methods you can use with Axi. None of these come with any fees.
|Payment Option||Currencies||Processing time (deposits)||Minimum withdrawal amount||Processing time (withdrawals)|
|Bank Wire Transfer||AUD, CAD, CHF, EUR, GBP,|
HKD, JPY, NZD, SGD, USD
|1-3 days||$50||1-3 days|
|Credit and Debit Cards||AED, CAD, EUR, GBP, JPY,|
NZD, PLN, SGD, USD
|Trastra Visa card||AED, CAD, EUR, GBP, JPY,|
NZD, PLN, SGD, USD
|Skrill||AED, CAD, CHF, EUR, GBP,|
INR, SGD, USD, ZAR
|Neteller||CAD, CHF, EUR, GBP,|
JPY, PLN, SGD, USD
|FasaPay||IDR, USD||Instant||$5||1-3 days|
|Bitcoin||BTC||Up to 15 minutes||$10||1-3 days|
|Internet banking for some countries||depends on the country||Instant||$5||1-3 days|
Axi is offering a Lunar New Year promotion for 2021. By meeting select criteria (depositing at least $300 and making one Axi trade), customers can receive a 38% trading credit. This is only available between February 8 and March 8, 2021. It is not available to returning Axi clients or to residents of the EU, the UK, Australia, or New Zealand.
Best Payment Solutions for Axi Users
Now that we have taken a close look at Axi, we can see why it has won so many awards and has such satisfied clients. What really sets Axi apart is its lack of the required minimum deposit. Furthermore, there are extensive educational resources that make this a great starting point for beginner traders.
If you want to take advantage of Axi’s 2021 promotion, be sure to sign up for an account before March 8th, 2021. But before doing so, it would be wise to consider which deposit method you want to use. If you wanted to use an e-wallet, we recommend Neteller and Skrill because of their reputability, low fees, and excellent VIP programs.
If you would rather make deposits and withdrawals with a debit card, then check out the Trastra Visa card. This excellent option lets you spend cryptocurrency as cash!
Regardless of whether you go with Neteller, Skrill, or Trastra, be sure to use our links for the absolute best sign-up conditions. We have partnered with these reputable e-finance services to offer you quick verification, free pre-paid cards, and easier VIP access.
What is Axi’s minimum deposit?
Axi does not have a required minimum deposit.
Are there fees for deposit/withdrawals?
No, there are not.
How do you contact Axi’s customer support team?
Customer service is available 24/5. Channels of communication include live chat, email (firstname.lastname@example.org), and phone support (+61 2 9965 5830).