Axi

Axi (formerly AxiTrader) is a globally recognized online brokerage founded by traders, for traders. It provides access to a wide range of financial instruments including forex, commodities, indices, and cryptocurrencies via Contracts for Difference (CFDs). The platform is celebrated for its competitive spreads, fast execution speeds, and the absence of hidden fees, making it a preferred choice for both retail and professional traders worldwide.

One of Axi's standout features is its dedicated "Axi Select" capital allocation program, which provides funding to talented traders who demonstrate consistent performance. This allows skilled individuals to trade with the firm's capital and keep a percentage of the profits, effectively acting as a career path for independent traders. Axi is fully regulated by top-tier authorities like ASIC in Australia and the FCA in the UK, ensuring a secure trading environment.

Frequently Asked Questions

1. What is the Axi Select program?

Axi Select is a unique capital allocation program that identifies talented traders on the platform and provides them with funding to trade. Unlike other prop firms that charge evaluation fees, Axi Select is free to join, and you qualify based on your "Edge Score" derived from your actual trading performance. If you succeed, you can trade up to $1,000,000 of Axi's capital and keep a significant profit share.

2. specific minimum deposit?

Axi does not enforce a strict minimum deposit requirement for its Standard and Pro accounts, allowing you to start with whatever amount you are comfortable with. However, you must deposit enough funds to cover the margin requirements for the specific trades you wish to place. Most traders start with at least $200 to have sufficient buffer for market volatility.

3. Is Axi regulated?

Yes, Axi is a highly regulated broker, holding licenses from the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom. These regulatory bodies enforce strict standards regarding capital adequacy and client fund segregation. This ensures that your money is held safely and separately from the company's operational funds.

4. What trading platforms does Axi use?

Axi primarily relies on the industry-standard MetaTrader 4 (MT4) platform, which is available for Windows, Mac, iOS, and Android. They have enhanced the standard MT4 experience with a suite of free add-ons called "PsyQuation" and "AutoChartist" to help traders analyze their performance and find opportunities. They do not currently offer MetaTrader 5 (MT5).

5. specific fees or commissions?

The Standard account has no commission fees, but the costs are built into slightly wider spreads. The Pro account features raw spreads starting from 0.0 pips, but it charges a small commission of $7.00 per round trip lot. Traders should choose the account type that best suits their trading volume and strategy.