Overall Rating: ★★★★☆ (4.2/5.0)

AxiTrader, now rebranded simply as Axi, is a globally regulated forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. Known for its strong execution speeds, institutional-grade trading infrastructure, and support for MetaTrader 4, Axi has built a solid reputation among both retail and professional traders. In this AxiTrader review, we explore its key features, pricing model, regulatory protection, and whether it ranks among the best forex brokers available today.

Key Features

Axi provides a robust trading environment designed for precision, low-latency execution, and advanced strategy support.

• Platforms: Offers MetaTrader 4 exclusively, with custom-built add-ons such as MT4 NexGen for enhanced analysis.
• Markets Available: Trade over 140 instruments including forex, indices, commodities, metals, oil, and cryptocurrencies.
• Execution Model: ECN-style Straight Through Processing (STP) with no dealing desk.
• Account Types:
  • Standard Account: Commission-free, spreads from 0.8 pips.
  • Pro Account: Spreads from 0.0 pips + $7 per round-turn lot commission.
• Professional Tools: Includes Autochartist, PsyQuation Premium, and VPS hosting for algorithmic trading.

Regulation and Security

Axi operates under multiple top-tier regulators, providing high levels of client protection and transparency.

• ASIC Regulated (Australia) – AxiCorp Financial Services Pty Ltd, AFSL No. 318232
• FCA Regulated (UK) – AxiCorp Limited, FRN 509746
• DFSA Regulated (UAE) and FSA Seychelles for international clients
• Client Fund Segregation: All client funds are kept in segregated trust accounts at reputable banks.
• Negative Balance Protection: Available for retail clients in line with regulatory rules.
• FSCS Coverage: UK clients are protected up to £85,000 under the FSCS scheme.

Pricing and Costs

Axi offers competitive and transparent pricing for both casual and high-frequency traders.

• Spreads:
  • Standard Account: From 0.8 pips, no commission.
  • Pro Account: From 0.0 pips, with $3.50 per side commission.
• Deposit & Withdrawal Fees: No fees on deposits or withdrawals.
• Minimum Deposit: $0, though a practical starting amount of $200–$500 is recommended.
• Inactivity Fees: No inactivity charges apply.
• Swap-Free Islamic Accounts: Available on request.

Educational Resources and Customer Support

Axi has significantly improved its education and research support, especially for new traders.

• Education Hub: Offers free courses, video tutorials, market news, eBooks, and weekly webinars.
• Market Research: Includes technical and fundamental analysis, plus exclusive tools like PsyQuation for strategy optimisation.
• Support Access: Available 24/5 via live chat, email, and phone, with multilingual teams across global offices.

Risk Management Tools

Risk management is built into Axi’s trading infrastructure and platform features.

• Stop-loss, Take-profit, Trailing Stops: Fully supported on MT4.
• Leverage Control:
  • Up to 1:30 for EU/UK clients
  • Up to 1:500 for international clients
• Margin Alerts: Automated platform notifications for low margin conditions.
• VPS Access: Available for automated and high-frequency trading strategies.

Pros and Cons

Pros

• Top-tier regulation with ASIC, FCA, and DFSA oversight
• Tight spreads and fast ECN execution
• MT4-only broker with powerful add-ons and upgrades
• Free VPS and Autochartist access for qualifying clients
• Strong client fund protection and zero inactivity fees

Cons

• Limited to MT4 – no MT5 or proprietary platform
• No stock or ETF trading – only CFDs
• Smaller asset range than multi-asset brokers

Conclusion: Is AxiTrader the Right Choice?

AxiTrader (Axi) is a highly reliable ECN broker for traders who value execution quality, platform stability, and regulatory security. It’s a strong fit for scalpers, algorithmic traders, and experienced forex professionals. While it lacks the asset variety of some larger brokers, it makes up for it with precision execution and a clean, trader-focused model.

If you’re seeking a low-cost, MT4-only forex broker regulated by ASIC and FCA, Axi should definitely be on your shortlist.