Axi Trading Platform Review

Axi is a globally regulated broker offering secure and transparent trading conditions to traders from over 100 countries, and the United Kingdom is no exception. With oversight from the UK Financial Conduct Authority (FCA) since 2007, Axi ensures a high level of trust and security. The broker opened a London branch in 2012 . UK traders benefit from competitive pricing for over 200 CFDs, with spreads as low as 0.0 pips on Pro Accounts for major currency pairs like GBP/USD and EUR/USD. Axi provides a variety of account types, including Standard, Pro, Elite, Demo, and swap-free options, catering to different trading needs.

Axi Contact Information

The broker offers access to multiple asset classes, including forex, shares, indices, commodities, and initial public offerings (IPOs), providing opportunities for portfolio diversification. Spread betting is an option for UK customers looking to generate tax-free profits. Advanced tools like Autochartist and Trading Central help traders to make informed decisions. With fee-free deposits, a solid range of educational resources, and fast execution, Axi is an excellent choice for UK traders seeking a reliable and cost-effective trading experience.

Highlights of Axi

• Spread Betting Availability: UK traders benefit from tax-free spread betting with FCA safeguards, including negative balance protection and segregated client funds.
• CFDs on Initial Public Offerings: Access newly listed companies like Revolut via CFDs, with leverage up to 1:5 for retail traders and no commissions on Standard Accounts.
• Price Transparency: Axi clearly discloses its spreads, commissions, swap rates, and non-trading fees, allowing customers to calculate expenses easily.
• Tailored to the UK Market: The broker maintains a local toll-free telephone line, offers compensation of up to £85,000 per claim, and has a physical UK presence with registered offices in London.
• No Requirements for Minimum Trade Duration: Unlike some rival brokers, Axi imposes no minimum holding period, allowing instant position closures for scalpers and day traders.

Advantages and Disadvantages of Axi in Brief

Axi has built a strong reputation among UK customers as a reliable, well-regulated broker with competitive pricing. It appeals to both beginners and experienced traders with its low minimum deposit requirements and tax-exempt spread betting options. That said, the limited range of trading platforms and tradable symbols may deter customers seeking portfolio diversification.

Available Markets at Axi

Axi provides UK traders with access to over 200 CFD markets across forex, indices, shares, commodities, and initial public offerings (IPOs). The broker offers competitive trading conditions, allowing traders to take advantage of price movements in global markets without owning the underlying assets. Additionally, customers can engage in tax-free spread betting across all asset classes bar IPOs. With tight spreads, fast execution, and access to leverage, Axi caters to both new and experienced traders in the UK. Clients can place their orders via the widely popular MetaTrader 4 platform, compatible with most desktop and mobile devices.

Forex Pairs

Axi offers over 70 forex major, minor, and exotic pairs, including GBP/USD, USD/JPY, and EUR/USD. Pairs comprising emerging currencies are also available, with USD/ZAR, USD/HUF, and USD/MXN serving as prime examples. Retail customers can leverage their positions in major forex pairs at a maximum ratio of 1:30, enjoying more flexibility and greater market exposure. Professionals are eligible for even higher ratios of up to 1:500 with Elite Accounts.

Axi ensures cost-effective trading across all currency pairs with raw spreads starting from 0.0 pips on commission-based accounts and fast execution speeds. The broker supports MetaTrader 4 (downloadable and web-based), offering advanced charting tools, automated trading, and 30 built-in technical indicators. UK traders will benefit from additional features, including real-time market analysis, an economic calendar, and risk management tools to enhance their trading strategies.

• Zero commissions on forex CFDs for Standard Accounts.
• Maximum leverage of up to 1:500 for professional clients.
• Tight spreads from 0.9 pips on commission-free accounts.
• Automated trading via Expert Advisors (EAs) in MT4.
• NDD execution with minimal slippage.

Average Forex Spread at Axi

Share CFDs

Axi gives UK traders access to over 100 shares of leading large-cap companies from the UK, Europe, and the US, allowing them to gain exposure to the stock market without owning the underlying assets. Popular UK stocks include Tesco, Vodafone, Lloyds, and Rolls-Royce, presenting opportunities in key sectors such as retail, telecommunications, finance, and engineering. Trading hours for UK-listed shares run from 08:00 to 16:30 local time, aligning with the trading hours of the London Stock Exchange.

With zero commissions on Standard Accounts, stock traders can keep their costs low while benefiting from competitive spreads. The minimum position size is one share for US and European stocks and 100 shares for UK stocks. Retail clients can use leverage of up to 1:5 to maximise capital efficiency while adhering to FCA regulations. Axi also allows traders to receive dividend adjustments on long positions, providing an additional income stream.

• Commission-free trading via Standard Accounts.
• Over 100 shares across different sectors.
• Higher minimum position size for UK stocks.
• Leverage of up to 1:5 for retail stock traders.
• Opportunity to earn passively from dividend adjustments.

Index CFDs

Customers at the FCA-regulated division of Axi can choose from more than 30 index CFDs. The broker offers a decent enough coverage of this asset class, enabling customers to potentially capitalise on the price movements of major indices like the FTSE 100, Euro Stoxx 50, S&P 500, DAX 40, and ASX 200. Retail traders can boost their exposure to the index markets with leverage up to 1:20 and enjoy narrow spreads from 0.2 points.

Standard Account users incur no commissions on their index positions. The minimum trade size for the FTSE 100 ranges from 1 to 250 lots, with competitive average spreads of 1.0 points for customers with Standard and Pro accounts. Axi facilitates trading with both cash and index futures CFDs. The former track the spot prices of the underlying indices with overnight financing adjustments, while the latter follow the performance of exchange-traded contracts with fixed expiry dates.

• Over 30 indices with retail leverage of up to 1:20.
• Cash and futures CFDs for indices available.
• Spreads of 1.0 points for cash CFDs.
• Spreads of 2.5 pips for index futures CFDs.
• Triple rollover on Thursdays for futures and Fridays for cash CFDs.

Commodity CFDs

Axi provides UK traders with access to 16 commodity CFDs, including precious metals like gold and silver, industrial metals such as copper, and energies like natural gas and crude oil. These markets offer opportunities to hedge against inflation or speculate on global supply and demand trends. Soft commodities like cocoa, soybeans, and coffee are also available.

Spreads for XAU/USD start from 0.16 points on Standard Accounts, with a trade size ranging from 0.01 to 20 lots. Retail traders can use leverage up to 1:20 for gold and 1:10 for other commodities, in line with FCA requirements. Axi supports the robust MT4 platform, providing reliable order processing and advanced charting tools for commodity traders.

• Spreads of 0.08 for XAU/USD with Pro Accounts.
• Over a dozen commodity CFDs.
• Decent coverage of hard and soft commodities.
• A 5% margin requirement for retail gold traders.
• Commission-free trading with Standard Accounts.

Initial Public Offerings (IPOs)

UK traders who join Axi can capitalise on high-profile initial public offerings through CFDs, enjoying exposure to newly listed companies without purchasing underlying shares. The broker offers competitive pricing on post-IPO stocks, allowing retail customers to trade with maximum leverage of 1:5. Dividend adjustments on post-IPO trades are also possible at Axi. The broker maintains an up-to-date list of companies preparing for public listing in its product schedule. There are no commissions on IPO CFDs traded through Standard Accounts.

• Minimum IPO contract size of 1 share.
• Offers CFDs on US and UK initial public offerings.
• Maximum leverage of 1:5 for retail traders.
• Dividend adjustment payments on IPO trades.
• 0% commission on IPOs traded via standard accounts.

Spread Betting at Axi

Axi offers UK traders tax-free spread betting on forex, shares, indices, and commodities, providing an efficient way to speculate on rising or falling markets without owning the underlying assets. Unlike traditional spread betting, Axi uses lot sizes rather than stake sizes, operating similarly to CFD trading but with the added benefit of no capital gains taxes or stamp duty.

With ultra-competitive spreads, transparent pricing, and execution via MT4, traders can access global markets with flexibility. Positions are quoted in pounds sterling per point, and leverage varies by asset, allowing strategic exposure while managing risk.

• Tax-free profits for UK residents.
• Spread bet on forex, indices, shares, and commodities.
• Lot-based sizing similar to CFDs.
• Tight spreads and no commissions for spread betting.MT4 support for seamless trading.

Trading Costs at Axi

Axi’s trading costs vary depending on the type of account chosen, with two pricing models available: spread-based and commission-based. The key details of each account type are as follows:

• Costs of Axi spread-based account: This account type offers average spreads of 1.3 pips for GBP/USD and 1.2 pips for EUR/USD pair, with no additional commissions charged. Minimum spreads for this account type start at 0.9 pips. The minimum trade size is 0.01 lots. Customers must deposit at least £/$5 to get started. Pricing is quoted to the fifth decimal place, allowing for greater accuracy and transparency.
• Costs of Axi commission-based account: The Pro account offers ultra-tight spreads from 0.0 pips, combined with a commission of £2.25 per side ( round-turn £4.50). The minimum trade size is again 0.01 lots, and the minimum deposit required is £/$5.

Axi Overnight Financing Rates

As part of this review, we examined Axi’s overnight funding rates, also known as swap rates. These are an essential aspect of leveraged trading and represent the interest earned or paid on trades held overnight. The rates are positive or negative, depending on the direction of the positions held past regular trading hours.

Axi follows standard industry practices for swap charges and applies triple rates on Wednesday nights to account for weekend settlement in forex markets. Note that some symbols incur triple-swaps on Thursdays. This adjustment covers the two-day settlement period (Saturday and Sunday) when the markets are closed. Positions held from Wednesday to Thursday incur this triple financing cost.

While this may increase holding costs for some positions, Axi clearly outlines all swap rates in advance, allowing traders to factor these expenses into their strategies. Customers should review Axi’s current swap rates in the Specifications window within MT4 before holding positions overnight, particularly those held midweek, which are subject to additional fees. Simply navigate to the Market Watch panel, choose the symbol, and select Specification. All features associated with the selected currency pair will be displayed, including the relevant swap rates.

Axi Administrative Fees on Swap-Free Accounts

Axi offers swap-free accounts to eligible customers from the UK, allowing them to trade precious metals and major and minor currency pairs without incurring overnight funding fees for the first five days. Keep in mind that all other symbols attract overnight holding charges even with swap-free accounts. A daily administrative fee applies after the five-day grace period, regardless of position direction or market conditions.

These fees vary by currency pair, with GBP/USD incurring charges of $7.50, or the equivalent in pounds sterling. In the table below, traders can find relevant information about Axi’s administrative fees on several popular currency pairs. The fees are fixed, but the broker assesses them regularly to make sure they align with fair trading conditions. If any changes occur, they will be timely communicated to customers.

Axi Non-trading fees

In addition to Axi’s trading-related costs, we paid attention to non-trading fees when researching the broker. We have listed several expenses that traders should take into consideration when assessing the broker’s overall pricing conditions. These include subscription charges for using VPS hosting, inactivity fees, and performance fees paid to signal providers when using the broker’s copy trading services.

Trading Platforms Supported by Axi

Axi offers a powerful trading experience by combining the widely used MetaTrader 4 (MT4) platform with its exclusive tools and support. This synergy enables UK customers to unlock new opportunities and trade with confidence. The MT4 platform, available on mobile, PC, and Mac, provides ultimate flexibility, real-time pricing, and charts, as well as access to major trading markets. To further enhance its customers’ experience, Axi provides advanced tools and analytics.

• Autochartist: Software that scans the market automatically, identifying opportunities and providing insights based on market movements.
• MT4 WebTrader: A lightweight, web-based platform that offers high functionality and the flexibility to trade using any internet browser from any device.

Additionally, Axi offers educational resources to help clients master the MT4 platform.

• Useful videos: A series of tutorials that walk traders through the ins-and-outs of the MT4 platform.
• Axi Trading Guide: An exclusive, free five-part series written by professional traders, featuring a crash course in MT4.

By offering the world’s most popular trading platform with its exclusive tools and support, Axi provides a comprehensive trading solution that caters to the needs of beginner and experienced traders alike.

Mobile Trading at Axi

UK customers of Axi can take their trading on the go with the MetaTrader 4 (MT4) mobile platform, available for free download from Google Play and the App Store. This intuitive and user-friendly app allows them to access their accounts, monitor markets, and execute trades anywhere, anytime. The MT4 mobile platform is designed to provide a seamless trading experience and offers access to over 150 tradable symbols. Here are some of the main features app users will benefit from.

• Real-time market data: Stay up to date with the latest price quotes, charts, and market news.
• Trade management: Open, close, and modify trades with ease, using a range of order types and execution modes.
• Customisable charts: Analyse markets with a range of technical indicators and chart types.
• Push notifications: Receive alerts and notifications on market events, trade execution, and account activity.

The MT4 mobile app is available for iOS 12.0 and Android 5.0 devices, allowing customers to trade on their smartphones or tablets. With Axi’s mobile trading platform, traders can:

• Monitor and manage trades: Keep track of open positions, pending orders, and account balances.
• Analyse markets: Use technical indicators, charts, and news feeds to make informed trading decisions.
• Execute trades: Open and close positions, set stop-loss and take-profit levels, and manage risk.

By providing a powerful and flexible mobile trading platform, Axi enables traders to stay connected to the markets and respond to opportunities as they arise, whether they are at home, in the office, or on the go. The MT4 app enables clients to trade with confidence and avoid missing potentially lucrative trading opportunities. Finally, the broker offers a dedicated copy trading app compatible with Android 9.0 and iOS 13.0 or later.

Account Types Available at Axi

Axi offers a range of account types to cater to the diverse needs of traders, from beginners to experienced professionals. The two main account types, Standard and Pro, provide a flexible and customisable trading experience with no registration fees, a minimum trade size of 0.01 lots, EA compatibility, and a VPS subscription available. Accounts are available in several base currencies, including GBP, EUR, USD, CHF, and PLN.

1. Standard Account: Ideal for new traders or those looking for a straightforward trading experience, the Standard Account offers competitive spreads from 0.9 pips and no commissions, with low minimum-deposit requirements of £/$5. With access to over 200 CFDs, 5-digit pricing, and mobile trading capabilities, customers can start trading with confidence. The maximum allowable leverage for UK retail traders is 1:30, providing a balance between risk and potential reward.
2. Pro Account: Designed for more experienced traders, the Pro account offers tighter spreads from 0.0 pips, with a round-turn commission of £4.50 per standard lot. With the same range of products and features as the Standard account, the Pro account is suitable for clients looking to take their trading to the next level. Note that this is a retail account, despite what the name implies. Pro accounts with similar conditions are also available to professional traders, the only difference being access to higher leverage of up to 1:400.
3. Swap-Free Account: For customers who require a swap-free trading environment for religious reasons, Axi offers a specialised account type that meets specific conditions. This account features no swaps or interest charges, and traders can choose from over 200 derivative markets. Advanced tools like MT4 WebTrader and VPS hosting are also available to enhance trading performance.
4. Demo Account: Before opening a live account, traders can test their skills with a free Demo account available for 30 days. With £50,000 in virtual funds, they can practice in a realistic environment with real-time spreads and ultra-fast execution speeds. The Demo account can be converted to a permanent account once the user funds their live balance.
5. Elite Account: Elite accounts are available only to professional traders, offering raw spreads from zero pips and lower round-turn commissions of $3.50 per standard lot or the equivalent in pound sterling. Account holders have access to maximum leverage of 1:500 for major currency pairs and can choose from ten base currencies, namely GBP, AUD, CAD, EUR, CHF, USD, JPY, HKD, NZD, and SGD. The barrier to entry is considerably higher here as professional traders must deposit at least $25,000 or the equivalent in pounds sterling to become eligible.

Customers must meet at least two of the following criteria to achieve a professional-client status.

• Significant trading activity: Professional traders should have a history of executing at least 10 large-volume trades per quarter over the last year.
• Substantial investment portfolio: Qualifying professional traders must hold a portfolio of financial instruments and cash deposits worth over €500,000 or the equivalent in pounds sterling, to demonstrate sufficient trading experience.
• Financial sector expertise: Candidates must have at least one year of professional experience in the financial sector at a position that requires in-depth knowledge of the types of transactions and services offered by Axi, such as trading, investing, or financial analysis.

By meeting at least two of these conditions, an individual can be classified as a professional client to gain access to advanced trading features and better trading conditions.

Overall, the account types at Axi aim to provide a flexible and supportive trading environment, with a range of features and tools to help traders achieve their goals. Axi has an account type to suit basic and the most advanced needs.

Customer Support at Axi

Axi prioritises swift and efficient customer support, providing a comprehensive range of resources to help clients navigate the world of online trading. Whether a beginner or an experienced trader, the Axi support staff is available to assist clients every step of the way. The broker offers multiple communication channels to its customers.

• Phone: Speak directly with a support representative by calling +44 203 544 9646 or 0800 018 3306 (toll-free).
• Email: Send an email to [email protected] for less urgent issues and queries.
• Live Chat: Engage in real-time conversations with support agents through the live chat feature. The chat service is available in multiple languages, including English, Spanish, Portuguese, Chinese, Arabic, Thai, Italian, French, Japanese, and Vietnamese.
• Social media profiles: Stay informed on company news via social media profiles on Facebook, TikTok, LinkedIn, Instagram, and X.

Axi also provides an extensive range of self-help resources.

• Axi Help Centre: A comprehensive knowledge base that covers topics such as company information, trading platforms, account management, deposits and withdrawals, markets, and trading tools.
• Trading Education: Access a library of video tutorials and educational materials that cover essential trading concepts, such as leverage, overnight fees, and more.

With a physical office location at Finsbury Market 1 in London, Axi is well-positioned to serve customers from the UK. The company’s commitment to customer support is evident in its dedication to providing timely and effective assistance to traders at all levels.

Regulatory Background and Compliance

Axi is a global CFD provider with a strong regulatory foundation that underpins its worldwide operations. Founded in 2007 in Sydney, Australia, the company has expanded its presence to multiple regions, including the UK, China, Europe, Latin America, and the Middle East, serving a diverse community of traders in over 100 countries.

The broker operates under different regulatory regimes and jurisdictions and adheres to stringent standards of compliance and risk management. The Axi Group of companies is regulated by several reputable authorities, including:

• Cyprus Securities and Exchange Commission (CySEC): Axi’s European operations are regulated by CySEC under the entity Solaris EMEA Ltd with licence number 433/23. This authorisation enables Axi to accept customers from all EU and EEA countries.
• Financial Conduct Authority (FCA): Axi is also regulated by the FCA (licence number 466201), a prominent regulatory body, which oversees the company’s operations in the UK.
• Dubai Financial Services Authority (DFSA): Additionally, Axi holds a licence from the DFSA, which regulates the company’s activities in the Middle East.
• The Australian Securities & Investments Commission (ASIC): The broker holds a licence from the Australian financial regulator (AFSL number 318232).

With a team of over 340 people, nine offices, and tens of thousands of active traders worldwide, Axi has established itself as a reputable and trustworthy online trading platform. The company’s commitment to regulatory compliance and transparency has enabled it to build a strong reputation in the industry, providing traders with a secure and reliable environment to trade and invest.

Client Security at Axi

Axi prioritises the security of client funds, ensuring that their money is protected and handled with care. The company employs a range of measures to safeguard client assets. One key protection is the segregation of client funds from Axi’s own assets. This means that client money is held in separate bank accounts, preventing it from being used for operational purposes or mixed with other funds.

In the unlikely event of Axi experiencing financial difficulties or undergoing significant changes, client funds are shielded from potential losses. The company has established a clear protocol for distributing client money in such scenarios, ensuring clients receive their rightful share. The broker participates in the UK Financial Services Compensation Scheme (FSCS), providing compensation of up to £85,000 per client in the event of insolvency.

Additionally, Axi provides negative balance protection, an important safeguard for retail customers. This means that retail clients cannot lose more than their initial investment, providing a crucial layer of protection against unforeseen market fluctuations.

If any disputes or issues arise, Axi has a dedicated internal process for resolving client complaints. Furthermore, clients have the option to escalate their concerns to the Financial Ombudsman Service in the UK, an independent and impartial authority that can provide a binding resolution.

Overall, Axi’s commitment to client security is unwavering, and the company strives to maintain the highest standards of transparency, fairness, and protection in all its dealings with clients. By trading with Axi, UK residents can enjoy a secure and trustworthy environment, free from concerns about the safety of their funds.

What UK Traders Say about Axi

UK traders have shared their experiences with Axi on Trustpilot, with an impressive overall score of 4.5/5 stars based on 3,502 reviews at publication. The majority of reviewers praise Axi for its exceptional customer support, competitive pricing, and efficient deposit and withdrawal process. Many also appreciate the platform’s intuitive interface, advanced tools, and helpful tutorials. Some reviewers report delays in withdrawals, and Axi has responded to this feedback. Overall, reviews suggest that Axi is a reliable and trustworthy broker, with many satisfied customers in the UK.

Conclusion

Axi emerges as a secure and versatile choice for UK traders, backed by stringent regulation from the FCA. Its competitive spreads from zero pips and diverse account types, including swap-free and demo options, cater to both novice and experienced traders. With access to forex, shares, indices, commodities, and IPOs, Axi enables robust portfolio diversification.

Advanced tools like Autochartist and Trading Central enhance decision-making, while the fee-free deposits and educational resources underscore the broker’s client-centric approach. Axi offers a limited range of platform options and tradable symbols but compensates with transparency, low trading costs, and robust regulatory compliance. These factors combined render it a compelling choice for UK traders who prioritise reliability, security, and cost-efficiency.