Axi in 2026: The MetaTrader specialist that funds traders
Axi (formerly AxiTrader) is an Australian broker founded in Sydney in 2007 that has built its reputation on a single promise: impeccable MetaTrader execution, with no minimum deposit and no hidden fees. In 2026, the broker stands out primarily for Axi Select, its funded trading program that can allocate up to $1 million to top talent—a rare approach for a traditional retail broker. This comprehensive review examines Axi's accounts, fees, platforms, instruments, and regulation. For a condensed view, check out our Axi profile.
Axi at a glance: Fact sheet
| Element | Detail |
|---|---|
| Founded | 2007 in Sydney (AxiTrader, now Axi) |
| Headquarters | Sydney, Australia |
| Regulation | 5 authorities including ASIC (Australia) and FCA (UK) |
| Platforms | MetaTrader 4, MT4 WebTrader |
| Instruments | Over 220 CFDs and 150+ crypto perpetuals, totaling 370+ |
| Minimum deposit | None |
| Leverage | Up to 500:1 depending on the entity (30:1 for European clients) |
| Funded program | Axi Select, up to $1,000,000 |
Axi is not publicly traded and does not disclose its number of clients, but its longevity (nearly 20 years of operation) and multiple licenses make it an established player in retail forex, not a platform that appeared with the latest wave of aggressive brokers.
Axi accounts: Standard, Pro, and Elite
| Account | Spreads | Commission | Minimum deposit | Target audience |
|---|---|---|---|---|
| Standard | from 0.4 pips (majors) | None | none | beginners and swing traders |
| Pro | from 0.0 pips (raw) | $3.50 per lot per side ($7 RT) | none | scalpers and algorithms |
| Elite | institutional spreads | negotiated | high deposit | large portfolios |
The Standard account is one of the most accessible entry points on the market: no minimum deposit, no commission, and EUR/USD spreads starting from 0.4 pips. The Pro account is aimed at high-volume traders: for a $7 commission per round-turn lot, you get access to raw spreads starting from 0.0 pips, an offering comparable to competitors' Raw accounts. The Elite account remains exclusive, reserved for significant deposits with terms negotiated on a case-by-case basis.
Axi versus direct competitors
| Broker | Regulation | Min deposit | EUR/USD Spread | Commission | Platforms |
|---|---|---|---|---|---|
| Axi | ASIC, FCA (5 authorities) | none | from 0.0 pips (Pro) | $7/lot RT | MT4 |
| Pepperstone | ASIC, FCA, CySEC | none | from 0.0 pips (Raw) | ~$7/lot RT | MT4, MT5, cTrader |
| IC Markets | ASIC, CySEC, FSA | $200 | from 0.0 pips (Raw) | ~$7/lot RT | MT4, MT5, cTrader |
| Vantage | ASIC, FCA, CIMA | $50 | from 0.0 pips (Raw) | ~$6/lot RT | MT4, MT5, ProTrader |
On paper, Axi holds its own: it offers the same raw spreads as IC Markets, no minimum deposit unlike two of its rivals, and regulation equivalent to Pepperstone. Its only real drawback is in its platform offerings: while others have added MT5 and cTrader, Axi remains faithful to MetaTrader 4. To learn more, read our Pepperstone 2026 review.
Axi fees: what you really pay
| Fee item | 2026 detail |
|---|---|
| EUR/USD spread | from 0.4 pip (Standard), 0.0 pip (Pro) |
| Commission | $3.50 per lot per side on Pro ($7 round-turn) |
| Overnight swaps | applied to held positions, rates visible in MT4 |
| Inactivity fee | $10/month after 12 months of inactivity (if the account is funded) |
| Deposit / withdrawal | no fees from the broker on primary methods |
In practical terms, the total cost depends on your style. A swing trader who takes 5 positions per month on the Standard account will pay primarily in spreads. A scalper who performs 200 daily round-turns on the Pro account will primarily pay commissions: $7 per lot, which is the standard rate for raw spread accounts in the market. The only real trap is the inactivity fee, $10 per month after one year without activity: empty your account if you stop trading.
Platforms: MetaTrader 4, and nothing else
| Platform | Windows | Web | iOS | Android |
|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes | Yes |
| MT4 WebTrader | No | Yes | No | No |
Axi positions itself as a "MetaTrader specialist": MetaTrader in its version 4 only, with an optimized execution bridge and a free VPS for eligible accounts, which is very useful for expert advisors. The complementary tools are on par: Autochartist for automatic chart pattern detection, PsyQuation for statistical analysis of your performance, and copy trading via Myfxbook. However, there is no MT5, no cTrader, and no modern proprietary web platform: if you don't like MT4, look elsewhere.
Available instruments: over 370 references
| Asset class | Selection |
|---|---|
| Forex | over 70 pairs (majors, minors, exotics) |
| Indices | around 30 global indices |
| Commodities | metals, energies, softs |
| Cryptocurrencies | CFDs and over 150 perpetuals since 2025 |
| Stocks | depending on the contracting entity |
With over 220 classic CFDs complemented by crypto perpetuals, Axi exceeds 370 instruments. That is broad for a forex/indices specialist, but narrow compared to generalist brokers that offer thousands of stocks: Axi is not the right choice for trading European stocks in bulk.
Regulation and fund security
Axi is regulated by five authorities depending on the holding entity, including the ASIC in Australia and the FCA in the United Kingdom. UK clients benefit from FSCS compensation; European clients are covered by ESMA protections (negative balance protection, retail leverage limited to 30:1 on majors). The classic point of vigilance: depending on your country of residence, the entity presented to you during registration does not offer the same level of protection. Check it before depositing.
Payments: deposits, withdrawals, and Axi Select funding
Regarding deposits, Axi accepts bank transfers, credit/debit cards, and e-wallets depending on the entity, in USD, EUR, GBP, or AUD, with no minimum amount. Cards and e-wallets are credited the same day; bank transfers take 1 to 3 business days.
As for payouts, Axi has a head start on classic brokers thanks to Axi Select, its funded trader program awarded "Best Funded Trader Program" at the ADVFN 2025 awards. The concept: progress through performance stages on a real account, and Axi can allocate up to $1 million in capital to you with 90% of the profits
are passed on. This is the logic of prop firms, with one notable difference: selection occurs on a live account, not a simulated challenge. If you prefer the standard model (fixed fees, clear drawdown rules, recurring payouts), compare market programs in our prop firm comparator.Pros and Cons of Axi
Pros
- No minimum deposit, highly accessible account opening
- Extensive regulation (five authorities including ASIC and FCA)
- Pro raw account from 0.0 pips at $7 per round-turn lot
- Axi Select: funding up to $1,000,000 with 90% of profits
- Free tools: Autochartist, PsyQuation, VPS
Cons
- MetaTrader 4 only, no MT5 or cTrader
- Inactivity fee ($10/month after 12 months)
- Limited stock catalog
- Elite account reserved for large deposits
Demo Account and Training
The free demo account on MT4 allows you to test real spreads on Standard and Pro accounts risk-free, a habit to adopt before making any deposit, no matter how small. Axi complements its range of learning tools with PsyQuation, which audits your real statistics (win rate, win/loss ratio, drawdown) and reports your weaknesses: better than a simple webinar for making progress. The broker also publishes market analysis and classic educational content, though it does not match the academy of a generalist broker.
Axi FAQ: Frequently Asked Questions
Is Axi a scam? No: the broker is regulated by five authorities including the ASIC and the FCA, with nearly twenty years of operation and an Axi Select program recognized by the 2025 ADVFN awards.
What is the minimum deposit at Axi? None: you can open a Standard or Pro account with the amount of your choice, even a symbolic one.
Does Axi offer MT5? No, only MetaTrader 4 and its WebTrader. MT5 traders should look toward Pepperstone, IC Markets, or Vantage.
How do I join Axi Select? By progressing through performance stages on a live account; top profiles can access up to $1,000,000 in capital with 90% of the profits.
Are there any hidden fees? The main costs are the spread, the commission on the Pro account, and swaps. The only potential surprise fee is for inactivity: $10 per month after twelve months without a trade if the account remains funded.
Verdict: Our Opinion on Axi in 2026
Axi is suitable for forex and index traders who live on MetaTrader and want competitive fees without a minimum deposit, all with a well-regulated broker. Scalpers will choose the Pro account, beginners the Standard, and top-performing traders will aim for Axi Select as a path to professional capital. Start with the free demo to verify real spreads, then consult our Axi review and the prop firm comparator to weigh the decision between a traditional broker and funded trading.
