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Axi

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Axi

Axi
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Axi is a forex broker established in 2007, operating under the license of St. Vincent and the Grenadines.

The broker has introduced a program called Axi Select, designed to fund skilled traders, giving them a chance to be a prop trader. Once your trading performance reaches a certain level, you can access funds provided by Axi and receive a share of the profits. This program offers traders with limited capital the chance to trade with millions of dollars.

Copy trading is also available at Axi, enabling traders to mirror the real-time trades of their preferred traders called signal providers. Signal providers must have at least six months of trading records and pass a review by Axi's partner, Pelican Trading. The rigorous requirements ensure their high level of expertise. You can also have the opportunity to build a solid trading record and become a signal provider yourself, attracting followers and earning profits.

Another notable service is Autochartist, an automated chart analysis tool, which is packed with features like volatility analysis, market reports, and automatic detection of chart patterns using technical analysis. This tool is particularly beneficial for beginners, complementing their analytical skills.

Axi is a member of the Financial Commission, an independent third-party organization that resolves disputes between traders and brokers in a fair manner. Traders are protected by a compensation fund of up to €20,000, which is available if a broker fails to meet its obligations. This affiliation helps Axi build trust and provide a sense of security to its clients.

On the other hand, Axi does not offer bonuses, which may be a drawback for traders with limited initial funds or those seeking generous incentives. Additionally, while the Elite account offers attractive trading conditions, it requires a minimum deposit of $25,000, limiting options for traders with smaller capital.

Axi distinguishes itself with unique services like Axi Select and Autochartist, which are rarely found at other brokers. Given the recent introduction of new services and the limited bonus offerings, it's worth keeping an eye on its future developments.

Official Website

Pros

  1. Axi Select is available
  2. Copy trading service
  3. Autochartist is available
  4. Initiative to enhance trust

Cons

  1. No regular bonuses
  2. High minimum deposit for Elite accounts

Operating Company

Company name:
AxiTrader Limited
Head office address:
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
Financial supervisor:

[AxiTrader Limited] St. Vincent and the Grenadines (SVGFSA) license number 25417 BC 2019
[AxiCorp Financial Services Pty Ltd] Australian Securities and Investments Commission (ASIC) license number 318232

Founded:
2007
Capital:
Undisclosed

Customer Service

Website language:

[Asia] Japanese, Simplified Chinese, Traditional Chinese, Korean, Thai, Vietnamese, Indonesian
[Europe and America] English, Spanish, Portuguese, French, Italian
[Middle East/Africa] Arabic

Trading platform:
MetaTrader4, MetaTrader5, WebTrader
English support:
Email, Support Chat, Phone, WhatsApp
Business hours:
Weekdays 24 hours
Email address:
[email protected]
Phone number:
1300888936

Trading Rules

Roll over:
Daylight saving time: 12:00 am, Winter time: 1:00 am (GMT)
Margin call:
When the margin maintenance rate falls below 100%
Loss cut:
When the margin maintenance rate falls below 20%
Matched order:
Permited(*1)
EA restrictions:
None
Request for additional margin:
Available
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is not guaranteed

(*1)Abusing hedging strategy with free swap to earn swaps is prohibited.

Conditions for Each Account Type

Trading platform:
MetaTrader4, MetaTrader5, WebTrader(*1)
Brokerage model:
[Standard] STP method [Pro, Elite] ECN method
Spread method:
Variable spreads
Trading account currency:
Japanese Yen, US Dollar, Euro, Pound, Australian Dollar (6 other currencies are available)
Maximum leverage:
1:500
Initial minimum deposit:
[Standard] None [Pro] None [Elite] $ 25,000 (USD)
Lot size:
100,000 units
Minimum order size:
0.01 lots
Maximum order size:
100 lots
Maximum open orders:
50,000 lots
Instruments（symbols）:

[FX/Currency Pair]:  
[CFD/Metals]:  
[CFD/Indices]:  
[CFD/Energy]:  
[CFD/Cryptocurrencies]:  
[CFD/Stock]:  

Available trading hours:

[Daylight saving time]: (Monday) 12:00 am - (Friday) 11:59 pm (GMT)
[Winter time]: (Monday) 1:00 am - (Saturday) 12:59 am (GMT)

Transaction fees:
[Standard] None [Pro] $ 3.5 (USD) [Elite] $ 1.75 (USD) (*2)
Account maintenance fee:
$ 10 (USD)
Holding multiple accounts:
Permitted
GMT time difference:

Daylight saving time: +3 hours
Winter time: +2 hours

(*1)MetaTrader5 is not available with the Elite account.

(*2)The fee is per order (one way).

Official Website
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