Overview
Axi is a forex and CFD broker that started in Australia in 2007 and now serves clients in more than 100 countries. It suits MT4 traders who want low raw-spread pricing and a simple choice of accounts. The group holds licences from the FCA in the UK, ASIC in Australia, the FMA in New Zealand, CySEC in Cyprus and the DFSA in Dubai, and it also runs an offshore entity in St Vincent and the Grenadines, where negative balance protection doesn't apply.
Accounts and costs
There are two main accounts. Standard has no commission, with EUR/USD from 0.68 pips and gold from 16 cents. Pro starts at 0 pips on EUR/USD and charges $4.50 per lot round trip on the UK site. Both have a recommended $100 deposit, retail leverage up to 30:1 in the UK, and base currencies of GBP, EUR, USD, CHF and PLN. Traders who qualify as professional clients can open Elite, which needs $25,000, cuts commission to $3.50 round trip and allows up to 500:1.
Platforms and markets
You can trade on MT4, MT5 or the Axi app, which uses TradingView charts. MT4 comes with Autochartist and Expert Advisor support, and there's a separate copy trading app that links to your MT4 account. Markets include forex, indices, shares, commodities and ETFs, plus crypto CFDs, and UK clients can choose CFDs or spread betting from the same account.
Money in and out
You can deposit by card, bank transfer or local currency methods, and Axi doesn't add a markup on local currency conversion. Withdrawals are free when they're above US$50 or cover your full balance. Smaller bank withdrawals can carry a $25 admin fee. Card withdrawals go back to the card you deposited from.
Good
- Regulated by the FCA, ASIC, FMA, CySEC and DFSA
- $100 recommended minimum deposit on Standard and Pro
- Pro account spreads from 0 pips with $4.50 round-trip commission in the UK
- CFDs and spread betting from one UK account
- Copy trading app that links to your MT4 account
- Accounts in GBP, EUR, USD, CHF and PLN
Watch for
- Clients under the St Vincent entity don't get negative balance protection
- No cTrader
- Support isn't available 24/7
- Small withdrawals under US$50 can carry a $25 admin fee
Accounts and costs
What each account needs to open and what you pay to trade on it.
| Account | Min deposit | Pricing | Max leverage |
|---|---|---|---|
| Standard | $100 | No commission; spreads from 0.68 pips on EUR/USD and 16 cents on gold | Up to 30:1 (UK retail) |
| Pro | $100 | Spreads from 0 pips on EUR/USD and 9 cents on gold, plus $4.50 commission per lot round trip | Up to 30:1 (UK retail) |
| Elite | $25,000 | Spreads from 0.0 pips plus $3.50 commission per lot round trip | Up to 500:1 (Professional Clients) |
Regulation
Which entity holds which licence. Your protection depends on the entity you open an account with.
Investor protection: FSCS up to £85,000 for UK clients; up to €20,000 for EU clients
Platforms and markets
Platforms
Markets
Deposits and withdrawals
- Methods
- Bank transfer, Card, Local methods
- Minimum deposit
- $100
What traders say
Scores from the sites traders use, and our summary of what they're saying, checked 6 October 2026.
Axi gets a broadly positive reception from the bulk of its reviewers, with a sharper set of complaints about withdrawals and disputed trades on the forex review sites. It holds 4.1 on Trustpilot from about 7,900 reviews. Sitejabber shows 2.9, but from only seven reviews. Forex Peace Army and Myfxbook have active pages without a current score in the material we collected.
What traders like
Helpful support. Many Trustpilot and Myfxbook reviewers praise quick, patient replies, often naming the agent who helped.
Easy deposits and withdrawals. Plenty of long-time clients say they have moved money in and out for years without a problem.
Low trading costs. Several reviewers rate Axi's all-in costs on majors and commodities among the cheapest they have used, though a minority find some spreads wide.
Axi Select. Some traders like the funded program that lets them trade their own deposit and earn extra capital, and say payouts arrive on schedule.
Common complaints
Withdrawals delayed or blocked. On Forex Peace Army, Trustpilot and complaint sites, a recurring story is a withdrawal held for days or weeks with support saying it needs higher approval. Several of these involve rules that money must go back to the original deposit method.
Profits cancelled and accounts closed. A number of reviewers say profitable trades were reversed or Axi Select progress was denied over trading style rules, and dispute Axi's reading of those rules.
App freezes in fast markets. Some users on Reddit and Trustpilot say the app or MT5 froze while they tried to close a losing trade. Axi replied on Reddit that the cause was server load.
Local payment methods. A few Indian reviewers say UPI deposits and internet banking stopped working after a platform change.
Recently
July to August 2026: Trustpilot reviewers report problems depositing through UPI and internet banking on the new platform.
September to October 2026: new one-star reviews on Trustpilot and Forex Peace Army describe cancelled profits, closed accounts and unanswered complaints. The overall Trustpilot score has stayed at about four stars.
Where this comes from
Trustpilot: the broker's main review page.
Forex Peace Army: trader reviews and disputes.
Sitejabber: a small set of consumer reviews.
Myfxbook: broker reviews, plus a separate page for Axi Select.
Reddit search: threads in r/Forex and r/PropfirmsForum.
Verified reviews
Reviews from traders who've connected an account at Axi to Chartnaut, so you know they actually traded there. Opening soon.