AXI RATINGAXI RATING -OVERALL SCORE {84.55%} (?)

 

AXI is an Australian ECN Forex broker offering more than 50 pairs on MetaTrader4. There two account types available, including also PAMM accounts and a free VPS hosting under a policy. » The full AXI Review at ForexExperts

Deposit Requirements: 10 USD to 1,000 USD

Funding: Cards | Bank Wire | Neteller | Skrill | BPay

Platforms: MetaTrader-4 in many different versions for all devices

AXI Website

 

AXI RATING SUMMARY

The following table contains AXI's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • AXI FUNDS SAFETY
90.4%
  • AXI TRANSACTION COST
79.5%
  • AXI TRADING OPTIONS AVAILABLE
78.6%
  • AXI TECHNOLOGY
93.8%
  • OVERALL RATING
84.55%
TRADING EXPERIENCE  
  • AXI FOR FOREX BEGINNERS
82.8%
  • AXI FOR ADVANCED FOREX TRADERS
77.5%
  • AXI FOR PROFESSIONAL FOREX TRADERS
75.5%
TRADING STYLE  
  • AXI FOR INTRADAY TRADERS
79.9%
  • AXI FOR SWING TRADERS (MID-TERM)
85.1%
  • AXI FOR CARRY TRADERS (LONG-TERM)
77.4%

 

AXI DETAILED RATING REVIEW

AXI RATING ANALYSIS    
AXI TOTAL RATING   100.0% AXI
      84.55% FULL ANALYSIS
A. AXI  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 25.30% Rating the AXI Safety
A.1 AXI License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 10.00% AXI is regulated by the FCA (UK) = 10% rating | ASIC= 8.0% rating | Total = 10.0% (MAX)
A.2 AXI Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 2.50% AXI offers client compensation (in case of insolvency) through FCA UK, but NOT through ASIC | 50% of total rating or else = 2.5%
A.3 AXI Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 5.00% AXI maintains headquarters in the UK and Australia = 5.0%
A.4 AXI Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% AXI was found in 2007 (10+ years) = 5.0% rating
A.5 AXI Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% AXI provides client bank segregated accounts = 2.5%
A.6 AXI Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.30% AXI (AxiTrader) ForexPeaceArmy Rating is 2.8/5.0 and EarnForex Rating = 6.4/10 | Total rating is 0.3%
A.7 (+) AXI ADJUSTING RESULTS        
A.7.1 AXI Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% AXI handles less than 250,000 accounts = 0% Rating
B. AXI TRANSACTION COST MAX WEIGHT→ 28.0% 22.25% Rating the AXI Transaction Cost
B.1 AXI spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 7.00% (Pro Account) Typical AXI EURUSD spread is 0.1 pip = 7% rating
B.2 AXI spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% (Pro Account) Typical AXI GBPUSD spread is 0.4 pips = 4.5% rating
B.3 AXI spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% (Pro Account) Typical AXI USDJPY spread is 0.2 pip = 4.5% rating
B.4 AXI Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 0.00% AXI charge $7/lot trading commissions on the Pro Account = 0.0%
B.5 AXI Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 1.25% AXI rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$3.8 | AXI rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$1.28 | Total cost in absolute value is $2.52 | rating = 1.25%
B.6 AXI Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% AXI does not charge withdrawal commissions = 2.0% rating
B.7 AXI Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% AXI does not charge Inactive Fees  = 1.0% rating
B.8 (+) AXI ADJUSTING RESULTS        
B.8.1 AXI Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model with many large banks as liquidity providers = +2% rating
C. AXI TRADING OPTIONS MAX WEIGHT→ 28.0% 22.00% Rating the AXI Options for Traders
C.1 AXI Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% AXI Provides 50 Forex Pairs = 8.0% rating
C.2 AXI CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% AXI offers CFD trading = 2.5% rating
C.3 AXI CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% AXI Offers CFDs on Futures = 1.5% rating
C.4 AXI Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% AXI Provides a 30-day free Demo account = 2.0% rating
C.5 AXI Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 400:1 max Trading Leverage = 1.0% rating
C.6 AXI Bonus/Rebate Promotions   5.0%    
C.6.1 AXI Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   0.00% No Welcome Bonus= 0.0% rating
C.6.2 AXI Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% No trade rebates = 0% rating
C.7 AXI Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 2.00% The min. deposit amount is $10 = 2.0% rating
C.8 AXI Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% AXI offers 5+ deposit methods = 2.5% rating
C.9 AXI Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% AXI offers 5+ withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.00% AXI offers over 4 pips minimum stop-out order distance = 0.0% rating
C.11 (+) AXI ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 50+ Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 AXI Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% No Competitions = +0.0% rating
D. AXI TECHNOLOGY MAX WEIGHT→ 16.0% 15.00% Rating the AXI Technological Efficiency
D.1 AXI Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 2.00% AXI offers MT4 and Webtrader = 2.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% AXI is offering 'Trading-On-Charts' and Autochartist Software = 1.0% rating
D.3 AXI Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.50% AXI Slippage on execution is less than 1.5 pip = 0.5% rating
D.4 AXI Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% AXI allows automated trading = 2.0% rating
D.5 AXI MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% AXI offers the MT4 platform = 2.0% rating
D.6 AXI Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% AXI offers an MT4 App for iPhone, and Android = 2.0% rating
D.7 AXI Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% AXI allows both Scalping and Hedging = 1.0% rating
D.8 AXI Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.00% AXI offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 3.0%
D.9 (+) AXI ADJUSTING RESULTS        
D.9.1 AXI PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.50% AXI provides MAM accounts = +0.5%
D.9.2 AXI Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.50% AXI is offering a free VPS hosting service = +0.5%
D.9.3 AXI API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.50% AXI is offering API trading = +0.5%
    TOTAL AXI RATING 84.55%  

 

 

AXI LICENSES AND LEGAL INFORMATION

  • AXI Regulation: FCA UK (509746) and ASIC (318232)
  • Segregation of client bank accounts
  • Axi is a trading name of AxiCorp Limited which is registered in England and Wales (No 06378544)
  • AxiCorp is regulated by the Financial Conduct Authority – Number 509746
  • The registered address is 55 Baker Street, London W1U 7EU, UK.

 

 

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