Information
Overview of Axi (Formerly AxiTrader)
Introduction to Axi
Trade Forex brings you an in-depth look at Axi, a renowned Forex brokerage established in Australia in 2007. Initially known as AxiTrader, Axi has rebranded itself and expanded its global reach. The Axi Group is comprised of four distinct entities, each tailored to specific regional regulations:
- Axi AU – Operating in Australia, under the vigilant eye of the Australian Securities and Investments Commission (ASIC).
- Axi UK – Based in the United Kingdom, adhering to the Financial Supervisory Authority (FCA) regulations.
- Axi UAE – Located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
- Axi SVG – Situated in Saint Vincent and the Grenadines, under the oversight of the Financial Regulatory Authority (FSA).
Clientele and Geographic Limitations
Axi opens its doors to a global audience, excluding residents from the USA, Israel, Iran, and other countries where specific restrictions apply.
Regulatory Landscape
Axi has made a splash in the Australian Forex market. Following its rebranding from AxiTrader, the broker operates under multiple regulatory bodies:
- In Australia and the UK, it adheres to stringent rules set by ASIC and FCA, respectively. These regions offer robust investor protection but impose leverage restrictions.
- The UAE entity is regulated by DFSA, offering a balanced regulatory environment.
- The SVG registration, governed by FSA, caters to traders seeking higher leverage, albeit with less regulatory oversight.
Leverage Dynamics
- In the UK: Leverage capped at 1:30 for major Forex pairs, aligning with ESMA guidelines.
- In Australia: Similar leverage restrictions apply post-March 2024.
- Other Jurisdictions: Leverage can soar up to 1:500.
Account Types
Axi offers two main account types:
- Standard Account: Commission-free, with spreads starting from 0.4 points.
- Pro Account: Features a $7 commission per trade, with tighter spreads beginning from 0 points.
Trading Instruments
Traders at Axi enjoy a diverse portfolio, including:
- A wide range of currency pairs.
- CFDs on unique commodities (e.g., coffee, cocoa, soybeans).
- Precious metals like gold, silver, and platinum.
- An array of cryptocurrencies (Bitcoin, Ethereum, Litecoin, and more).
Trading Platform
Axi utilizes the widely acclaimed MT4 platform, known for its retail Forex trading capabilities, custom indicators, and Expert Advisors support.
Minimum Deposit and Payment Methods
No minimum deposit is required to start trading with Axi. Various payment options are available, including bank transfers, payment cards, and e-wallet services like Skrill and Neteller.
Conclusion
In summary, Axi presents a versatile trading environment, regulated across multiple jurisdictions, and offering a broad spectrum of trading instruments and platforms. As a potential trader, it’s wise to peruse Axi reviews and compare them against other Forex brokers on Trade Forex’s comprehensive rating system.
Axi at a Glance
| Feature | Details |
|---|---|
| Broker Name | Axi |
| Year of Foundation | 2007 |
| Headquarters | Australia |
| Regulation | ASIC, FCA, DFSA, FSA |
| Trading Platforms | MT4 |
| EURUSD Spread | 1 pip |
| Demo Account | Available |
| Minimum Deposit | $0 |
| Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Maximum Leverage | 1:500 |
| Assets | Currency pairs, metals, commodities, indices, cryptocurrencies |
| Deposit Options | Bank Transfer, Visa/MasterCard, Skrill, Neteller, FasaPay, BTC |
| Withdrawal Fee | Applicable |
| Islamic Accounts | Available |
| Segregated Accounts | Yes |
| Scalping | Allowed |
| Automatic Trading | Supported |
| Web Terminal | Available |
| Social Trading | Yes |
| Signals | Provided |
| VPS | Available |
| Support 24/5 | Yes |
Note: It’s essential to remember that trading involves risks and it’s crucial to understand the terms and conditions of any broker before engaging in Forex trading.
