Axi

4.5/ 5

Axi (formerly AxiTrader) is an Australian broker founded in 2007 and regulated by ASIC and FCA. Known for offering no minimum deposit, raw spreads from 0.0 pips on its Pro account, and an elite Axi Select funded trader program, Axi is popular among forex traders who want professional-grade ECN execution on MT4 and MT5.

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Min. Deposit

Spread From

0.0 pips

Regulation

ASIC, FCA

Full Review

Overview

Axi (formerly AxiTrader) was founded in 2007 in Sydney and rebranded in 2020 to reflect its expanded global presence. Regulated by ASIC and FCA, Axi offers no minimum deposit, raw spreads from 0.0 pips on its Pro account, and a unique Axi Select funded trader programme that allows skilled traders to access up to $1 million in capital. The broker primarily supports MT4 and MT5 and is popular among forex scalpers and day traders.

Pros

No minimum deposit: Open and fund an account with any amount
Axi Select programme: Funded trader programme offering up to $1M capital for proven traders
Competitive Pro account pricing: Raw spreads from 0.0 pips + $7 round-turn commission
ASIC + FCA regulated: Strong dual tier-1 regulation
Dedicated account management: Personal account managers for higher-volume traders

Cons

Limited platform range: Primarily MT4 and MT5; no cTrader or TradingView as primary platforms
Standard account expensive: EUR/USD averages 1.2 pips on Standard
Education light: Limited educational resources compared to major competitors
No copy trading: No integrated copy or social trading functionality
Limited instruments: Around 140 forex pairs and selected CFDs; less variety than IC Markets

Spreads & Fees

Account Type	EUR/USD Spread	Commission	All-In Cost
Standard	Avg 1.20 pips	None	~1.20 pips
Pro	From 0.0 pips	$3.50/side	~0.72 pips

Overnight (Swap) Fees: Standard market rates; Islamic accounts available. Withdrawal Fees: Free for most methods. Inactivity Fee: None.

User Reviews8

Oliver K.

5/5

Axi Select is a revolutionary programme. I passed the assessment and now trade $200K in funded capital. The conditions are fair and the support from Axi has been excellent throughout.

Jessica M.

4/5

Good ASIC broker with competitive Pro account pricing. I've been using it for scalping EUR/USD and the execution is fast and clean. Withdrawals are always on time.

Sam P.

3/5

The Standard account at 1.2 pips is not the most competitive. You really need the Pro account for value. Limited educational resources for newer traders is also a drawback.

Rachel L.

5/5

Axi is my primary broker. The MT4 experience is smooth, the Pro account is great value, and customer support has always been helpful. ASIC regulation gives me confidence.

Tom C.

4/5

The no-minimum deposit is a genuine differentiator. I tested with a small amount first and was impressed by the execution quality. Upgraded to Pro account and haven't looked back.

Sophie F.

2/5

No copy trading, no TradingView, and a limited instrument range. For a general-purpose broker it falls short. For pure forex day trading it's good but limited for other uses.

Ben N.

5/5

The Axi Select programme is the best funded trader offer I've found from a regulated broker. The track record assessment is fair and the capital access is real.

Lisa W.

3/5

Decent broker but nothing special. Average education, average tools. The Pro account pricing is competitive but you can find similar or better at IC Markets or Pepperstone.

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