AXI REVIEW
ECN, tight spreads, PAMM, FIX/API, Autochartst
AXI REVIEW SUMMARY
- Broker Type: ECN/STP (GMT+3 server time)
- US Traders: NO
- AXI Regulation: FCA UK (509746) and ASIC (318232)
- AXI Platforms: MetaTrader-4, and MT4 WebTrader
- Mobile Trading: MT4 mobile for iOs/Android
- Automated Trading & Scalping: YES (Fully, by offering also FIX/API and free VPS Hosting)
- AXI Assets: 150+ assets (50+ Forex Pairs, Crypto, Indices, Commodities)
- AXI Minimum Account: $10 (Standard Account) and $1,000 (Pro Account)
- Funding Methods: Cards, Wire, Skrill, Neteller, BPAY
- AXI Promotions: Discounted VPS hosting when trading over 20 lots on a monthly basis
AXI RATING SCORE
This is the Rating Score of AXI:
|
AXI RATING (USING THE RATING FORMULA V.5.0) |
(100%=max) |
| (1) Safety of Funds when Trading at AXI | 90.4 % |
| (2) Cost of Trading | 79.5 % |
| (3) Trading-Options Available at AXI | 78.6 % |
| (4) Trading Technology | 93.8 % |
| AXI Total Rating | 84.55% |
AXI manages to achieve one of the highest scores in our Rating Brokers section.
The full AXI Rating Calculations here: » The fully-detailed AXI Rating Score at ForexExperts
AXI FULL REVIEW
INTRODUCTION TO AXI
AXI is an ECN/STP Forex broker established in New Zeeland, the United Kingdom, and Australia:
□ AXI Headquarters: Australia and the United Kingdom
□ AXI Regulation: FCA UK (509746) and ASIC (318232)
□ AXI Foundation: 2007
□ AXI Account Segregation: YES {AXI provides segregated accounts for all account types}
□ Compensation in case of insolvency: YES {for traders under the FCA UK}
AXI ASSET INDEX
AXI provide an extended asset index containing over 150 products in total:
Forex Trading
- 50 Forex currency pairs – Forex majors, Forex crosses, and exotics
- Scalping and trading with Expert Advisors are allowed
- Trading leverage up to 30:1
CFD Trading
- Trading Precious Metals (Gold and Silver)
- Cryptocurrencies
- Trading Energies
- 10+ Stock Indices
AXI FOREX TRADING SPREADS
The best trading conditions and the tightest spreads are available on the Pro account. The Pro Account is requiring a minimum deposit of $1,000 USD and it is the best choice for demanding Forex trading styles (professionals, intraday traders, scalpers, EA traders)
- PRO Account Typical Spreads (Min. Deposit $1,000)
These are some typical spreads on the STP account where there are no trading commissions:
■ 0.0-0.1.5 pip spread on EURUSD
■ 0.4 pip trade spread on GBPUSD
■ 0.2 pip trade spread on USDJPY
-The trading commissions for Pro accounts are $7.0 per full-traded standard lot ($3.5 + $3.5)
- Standard Account Spreads (Min. Deposit $10)
■ 1.1 pip spread on EURUSD
■ 1.3 pip trade spread on GBPUSD
■ 1.1 pip trade spread on USDJPY
AXI TRADING PLATFORMS & TECHNOLOGY
AXI offers the MetaTrader platform in two versions:
□ AXI Desktop Trading: MetaTrader-4, and an MT4 WebTrader
□ AXI Mobile Trading: MT4 Trader suitable for iPhone and Android
□ Automated Trading: YES
□ Social Trading: MyFxBook
□ Hedging/Scalping: YES
□ PAMM/MAM Accounts: YES
□ FIX/API: YES
□ FREE VPS: YES (when trading over 20 lots on a monthly basis)
AXI TRADING ACCOUNTS
There are two (2) main account types offered by AXI, plus a Demo Account:
- ECN Account
- Standard Account
□ AXI Minimum Deposit: $10 for the Standard Account | $1,000 for the ECN Account
□ Funding Methods: Credit/Debit Cards, Bank Wire, Skrill, Neteller, BPAY
□ Account Base Currencies: USD, EUR, GBP, AUD, CHF, CAD, JPY, SGD, HKD, and NZD
□ AXI Withdrawal Fees: NO
□ AXI Inactivity Fees: NO
□ Customer Support Methods: Live Chat, Callback, Phone, Email
□ Web-Site Languages:
- English, Spanish, Russian, Chinese, French, Deutsch, Italian, and more
AXI REVIEW -MAIN PROS & CONS
|
AXI REVIEW PROS √ |
AXI REVIEW CONS X |
|
(√) Regulated by the FCA UK and ASIC Australia (√) ECN trading conditions with just $1,000 (√) Very tight trading spreads (Pro Account) (√) Automated Trading, Hedging, Scalping, and a free VPS (√) Wide asset index with over 50 Forex pairs (√) PAMM accounts (√) Multi-lingual customer support, and very responsive (√) Ideal for intraday trading and trading Forex by using Expert Advisors (√) MyFxBook Autotrade & Autochartist are available |
(x) There is only MetaTrader-4 |
AXI REVIEW –FINAL THOUGHTS
Established in 2007 and headquartered in the UK and Australia, AXI is a highly regulated ECN brokerage firm. AXI is licensed by the FCA UK and ASIC and provides full client bank account segregation.
The broker offers real ECN trading conditions by partnering with key liquidity providers in the Forex industry. Their liquidity providers include Citibank, Goldman Sachs, UBS, and many other banks. Consequently, they can offer very competitive spreads starting as low as 0.0 pip and $7.0 per full traded lot on EURUSD. Note that the ECN Pro account offers by far the best trading terms and the lowest trading spreads. You can open a Pro Account for as low as $1,000. Beginners can start with a Standard Account that offers higher spreads but can be opened with as low as $10. There is also a Demo Account that offers real-time spreads.
The maximum trading leverage when trading with AXI is 30:1. The asset index is wide and contains 150+ financial-traded assets. There are 50+ currency pairs and some cryptocurrency pairs too.
The only platform available is MetaTrader-4 in several versions, including MT4 PC/MAC desktop versions, MT4-Web version, and MT4 mobile versions. Automated and scalping are fully allowed and there is free VPS hosting under a certain policy. MyFxBook Autotrade and Autochartist are also available. PAMM accounts are also optional for AXI clients.
AXI is a safe and very competitive Forex broker, ideal for professional and intraday traders. Prefer to open a Pro Account to take advantage of the tight trading spreads.
AXI offers two choices for Traders opening a new account:
(i) FCA UK: protection against negative balance, FSCA guaranteed, and maximum trading leverage up to 30:1
(ii) SVG: NO protection against negative balance
» AXI Forex & CFDs Trading Services
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