Axi Broker 2022 — Detailed Review

Axi Review

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:

ProsCons

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.

Key Features

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 Instruments150+ trading products, across Forex, CFD, Gold & Silver, Indices, Cryptocurrencies, and Commodities markets
SpreadsStarting from 0.0 pips
LeverageUp to 500:1
Trading PlatformsMT4 for PC, Web, Mac, and Mobile
Base Account CurrenciesAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD
Regulation– ASIC
– FCA
Demo AccountYes
Islamic AccountYes
Supported CountriesAxi 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.

Account Types

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.

StandardPro
Setup CostFreeFree
CommissionNone$7/round trip transaction (this includes commissions, bid/asl spreads, market impact costs, and exchange fees)
SpreadsStarting from 0.4 pipsStarting from 0.0 pips
LeverageUp to 500:1Up to 500:1
Minimum Axi Trade Size0.01 lots0.01 lots
Minimum Deposit$0$0
Mobile TradingAvailableAvailable
Demo Period30 days30 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 OptionCurrenciesProcessing time (deposits)Minimum withdrawal amountProcessing time (withdrawals)
Bank Wire TransferAUD, CAD, CHF, EUR, GBP,
HKD, JPY, NZD, SGD, USD
1-3 days$501-3 days
Credit and Debit CardsAED, CAD, EUR, GBP, JPY,
NZD, PLN, SGD, USD
InstantN/AN/A
Trastra Visa cardAED, CAD, EUR, GBP, JPY,
NZD, PLN, SGD, USD
InstantN/AN/A
SkrillAED, CAD, CHF, EUR, GBP,
INR, SGD, USD, ZAR
Instant$51-3 days
NetellerCAD, CHF, EUR, GBP,
JPY, PLN, SGD, USD
Instant$51-3 days
POLiAUDInstantN/AN/A
FasaPayIDR, USDInstant$51-3 days
SofortEURInstantN/AN/A
iDealEURInstantN/AN/A
GiroPayEURInstantN/AN/A
BitcoinBTCUp to 15 minutes$101-3 days
Internet banking for some countriesdepends on the countryInstant$51-3 days

Promotions

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.

skrill_neteller_VIP program

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.

Trastra card

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.

FAQ

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 (service@axi.com), and phone support (+61 2 9965 5830).

Comments

  1. done! Also used you link to create account for Neteller.
    will see how long it take to verify account…

    1. Ahmed, thank you for trusting our service! Verification should take no more than 24 hours if you register using our link. Have a nice day 🙂

  2. I have to say that for me just their pro account is enough for now, I can’t afford to invest that much…

    1. MaxiMaxi, thank you for your comment! It is ok, in Axi Broker there is no minimum deposit amount, so you can invest as much as you’re comfortable with.

      And do not forget about one of the main rules – do not invest your last remaining money. This will save you from unnecessary emotional swings if something goes wrong. And you can always try a demo account first to learn the basics 🙂

  3. So bummed I missed the lunar ny promotion… Is this something they offer each year?

    1. Marcel, thank you for your question! They had a Lunar new year bonus promotion in 2020 as well, we don’t know for sure if however, such offer is available for new accounts only. And the credit received the bonus is for trading purposes only, you can’t withdraw it.

        1. Marcel, this promo was available between February 8 and March 8 in 2021, so you are not able to use it now. From time to time, the company has various promotions, whether there will be a repeat of this particular promotion – we do not know.

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