Axi / Online Trading Platform, CFDs and Forex Broker (2024)

FAQs

Is Axi trading platform legit? ›

Axi is a legit brokerage. It is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn't hold a banking license.

Axi Client Services

As a responsible broker, we adhere to all local laws and regulations. Due to regulatory restrictions, we are unable to offer accounts to prospective traders in some countries/regions, such as residents of the United States of America (US).

The main difference between forex and CFD trading is that CFDs are derivatives, meaning traders don't own the actual asset, but rather something that derives its value from the asset. Forex is an actual asset itself.

Yes. Axi is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232. Axi UK is a trading name of AxiCorp Limited which is registered in England and Wales under registered number 06378544.

Axi was founded in 2007 in Sydney, Australia, and our London operations were established in 2012. Since then we opened operations in China which launched in 2015, and then expanded our presence into Germany, Latin America, and the Middle East in 2016.

Due to stricter US tax laws, the Axi Trading Platform is not available to US citizens.

There is no minimum deposit requirement for Copiers. Just ensure you have enough funds to cover trade specifications and manage your risk effectively.

Many CFD brokers make money from trading against their clients and profitable clients make them lose money. This is similar to how casinos operate. Casinos ban profitable customers.

CFD Traders Reducing risk exposure

By failing to adopt certain risk management techniques and simply opening trades without protecting their trades with take-profit and stop-loss orders, they risk losing all their trading funds.

Unlike forex which limits you to currency pairs only, CFDs allow you to trade a wider range of assets, including forex. There isn't much diversity in the forex markets. For example, most forex brokers offer the major eight currency pairs, but also allow you to trade up to 70 other minor currencies.

Is AXI trusted? ›

The monetary loss can set back your investment plans by years. You can rest assured, Axi is considered reliable as it has multiple top-tier regulation, including FCA in the UK and ASIC in Australia. I have more than 15 years of experience as a forex trader, actively trading on a daily basis with many currency pairs.

Rajesh Yohannan - CEO @ Axi - Crunchbase Person Profile.

AximTrade Review Conclusion: Reputable Broker with Easy-to-use Platform.

Axi Client Services

Generally, we charge a 7 USD roundtrip ($3.50 per lot) commission fee for every 1 standard lot of trade. It will be prorated for trades with less than 1 lot.

Indeed, you may trade a wide variety of products with this platform, including Forex, CFDs, Spread Betting, and Metals. In general, Axi is an excellent option if you desire a feature-rich proprietary trading platform. But, if you're seeking for straight copy trade, there may be more suitable options.