Axi is a forex broker established in 2007 in Saint Vincent and the Grenadines, with its headquarters in Kingston. It primarily offers trading services in forex, commodities, stocks, indices, and cryptocurrencies. However, this broker does not provide services to Australia and New Zealand.
Company Background
Axi, offering trading services in forex, commodities, stocks, indices, and cryptocurrencies, is registered as AxiTrader Limited, headquartered in Saint Vincent and the Grenadines. According to Whois information, the domain of Axi's official website was registered on December 26, 1995.
Regulatory Information
Axi is a regulated forex broker, governed by the UK's FCA and holds a regulatory license.
According to information on Axi's official website, the company and its affiliated entity, AxiCorp Financial Services Pty Ltd, were established in Saint Vincent and the Grenadines and Australia, respectively. Searches on the Financial Services Authority (SVGFSA) of Saint Vincent and the Grenadines and the Australian Securities and Investments Commission (ASIC) websites confirm that the establishment information of the company and its affiliated entity is accurate.
Moreover, AxiCorp Financial Services Pty Ltd holds an ABN number in the Australian Business Register (ABN Lookup). Additionally, Whois search results show that the domain of the company’s official website was registered on December 26, 1995, and has been registered for over 20 years.
Account Registration
Axi's official website states that the company offers links for registering real and demo accounts. To register a real account, click on “OPEN ACCOUNT” at the top right of the Axi's official website or “OPEN A LIVE ACCOUNT” at the bottom of the home page, then choose or fill in the required information such as name, country, phone number, Email, and complete the identity confirmation through Email to finish the registration.
The registration method for a demo account involves clicking on “TRY A DEMO ACCOUNT” at the bottom of Axi's homepage, then selecting or filling in the required information such as name, country, phone number, Email to finish registration. Axi's account registration page supports Simplified Chinese, Traditional Chinese, English, French, Portuguese, Spanish, Italian, Korean, Thai, Vietnamese, Indonesian, Arabic.
Account Types
Axi's official website reveals that the company offers three different types of trading accounts: Standard Account, Pro Account, and Elite Account. Additionally, Axi’s website provides information on the differences in spreads, commissions for these accounts, as well as their minimum trading size, minimum deposit amount, trading products, margin (leverage) ratio, account currency, and customer service details.
Trading Products
Axi's official website shows that the company offers trading services in forex, commodities, stocks, and indices. Additionally, under “Trading Products,” Axi provides specific trading products in forex, commodities, stocks, indices, including information on spreads, minimum trading size, and maximum trading size. However, Axi’s official website does not provide information on commissions and overnight interest rates for specific trading products.
Margin Ratio
Axi not only displays a 500:1 margin (leverage) ratio on its homepage for investors but also provides information on the maximum margin (leverage) ratios for different types of accounts under “Account Types” and for specific trading products in forex, commodities, stocks, indices under “Trading Products.”
Trading Hours
Axi provides information on trading hours for specific trading products in forex, commodities, stocks, indices under “Trading Products.”
Deposits and Withdrawals
Axi's official website indicates that the company offers different methods and channels for deposits and withdrawals according to regions including Africa, Asia, Europe, Latin America, the Middle East and North Africa, and North America. These methods and channels generally include local bank transfers, VISA, Mastercard, FasaPay, Skrill, Neteller, AstroPay. Additionally, Axi’s website also provides information on the supported currencies for deposits and withdrawals, as well as the timing and fees for transactions.
Trading Software
Axi's official website shows that the company provides investors with its proprietary Axi Trading Platform and MetaTrader4 (MT4). The Axi Trading Platform is only available on mobile (IOS/Android). The MT4 trading software offered by Axi supports desktop (Winodws/MacOS), web version, and mobile (IOS/Android).
Additional Services
Axi's official website reveals that the company provides investors with services such as copy trading, trading resources, trading tools, trading calculators, MT4 video tutorials, e-books, Axi Academy, trading terms, and PAMM account management. Among these, the trading tools include MT4 NexGen for emotional control, VPS, and Autochartist. MT4 video tutorials help investors learn how to use MT4 software and utilize it for better trading. E-books cover topics like MT4 user guide, introduction to forex markets, and trading strategies and risk management. PAMM account management allows investors to entrust their trading accounts to others for management or to manage accounts entrusted to them.
Regulatory Information
According to the “Help Center” on Axi's official website, the company’s associated entity AxiCorp Financial Services Pty Ltd (AFSPL) is regulated or authorized by the Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), and Axi Financial Services (UK) is authorized and regulated by the Financial Conduct Authority (FCA) in the UK.
Websites of the Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), and Financial Conduct Authority (FCA) show that the associated entity's regulatory or authorization credentials in the aforementioned regulatory bodies are accurate. Moreover, the FCA website indicates that Axi Financial Services (UK) can hold and control client funds.
Summary
Axi is a forex broker established in 2007, headquartered in Saint Vincent and the Grenadines. The company offers trading services in forex, commodities, stocks, indices, etc. Dedicated to providing high-quality trading execution and customer service, Axi meets the growing demands of customers through a diverse range of products and professional platforms.
The official website shows that AxiCorp Financial Services Pty Ltd is registered in Saint Vincent and the Grenadines and Australia and has been authorized and regulated by relevant regulatory authorities. Axi provides real and demo account registration, supporting multiple languages. Different types of trading accounts include Standard Account, Pro Account, Elite Account, with detailed information on spreads, commissions, margin ratios, etc. Axi also offers investors a rich portfolio of trading products, trading software, and other services, including copy trading, trading tools, and trading resources.
Currently, Axi is marked as "Active" on TraderKnows.
