Axi in 2026: An Australian broker that’s making waves
Axi (formerly AxiTrader) is a forex and CFD broker founded in Sydney in 2007, recognized for the quality of its MetaTrader execution and for Axi Select, its funded trader program that allocates up to $1 million to top-performing traders. In 2026, Axi occupies a unique position: it is both a traditional retail broker with no minimum deposit and a player in the trader funding space. This review details the regulation, accounts, fees, platforms, instruments, and deposit/withdrawal processes.
Axi Fact Sheet
- Year founded: 2007 in Sydney (AxiTrader, rebranded to Axi)
- Founders: Not disclosed
- Headquarters: Sydney, Australia
- Regulators: Five authorities depending on the entity, including ASIC (Australia) and FCA (United Kingdom)
- Number of clients: Not officially disclosed
- Highlights: Axi Select program awarded "Best Funded Trader Program" at the 2025 ADVFN awards; media partnerships (Manchester City)
Regulation and fund security
Axi is one of the best-regulated brokers in its category: its multi-entity structure covers Australia (ASIC), the United Kingdom (FCA), and several other jurisdictions, for a total of five oversight authorities. The level of protection depends on your contracting entity: UK FSCS compensation for FCA clients, and leverage and marketing restrictions for European clients. Check which entity is presented to you upon registration, especially outside of Europe and Australia.
Axi accounts and pricing
| Account | Spreads | Commission | Minimum deposit |
|---|---|---|---|
| Standard | from 0.4 pips (majors), variable | None | no minimum |
| Pro | from 0.0 pips (raw) | $3.50 per lot per side ($7 round turn) | no minimum |
| Elite | institutional spreads | negotiated | high deposit (not disclosed) |
The Standard account, with no commissions and no minimum deposit, is one of the most accessible entry points on the market. The Pro account is aimed at scalpers: $7 commission per lot round turn in exchange for raw spreads starting from 0.0 pips. The Elite account targets large portfolios with negotiated conditions.
Axi vs. the competition
| Broker | Regulation | Min. Deposit | Spreads | Max Leverage | Platforms |
|---|---|---|---|---|---|
| Axi | ASIC, FCA (5 authorities) | none | from 0.0 pips (+Pro commission) | 500:1 | MT4 |
| Pepperstone | ASIC, FCA, CySEC | none | from 0.0 pips (+commission) | 500:1 | MT4, MT5, cTrader |
| IC Markets | ASIC, CySEC, FSA | $200 | from 0.0 pips (+commission) | 500:1 | MT4, MT5, cTrader |
| Vantage | ASIC, FCA, CIMA | $50 | from 0.0 pips (+commission) | 500:1 | MT4, MT5, ProTrader |
To dig deeper, compare this with the Pepperstone review, the IC Markets review, and the Vantage vs IC Markets analysis.
Detailed fees
- Forex: EUR/USD from 0.4 pips on the Standard account (floating), from 0.0 pips on the Pro account with a $3.50 commission per lot per side.
- Indices, commodities, crypto: Variable spreads per instrument, displayed continuously on the platform.
- Swaps (overnight fees): Applied to positions held beyond the daily cut-off; rates are visible in MetaTrader before trading.
- Inactivity fees: $10 per month after 12 months of inactivity, only if funds remain in the account.
- Deposit/withdrawal fees: No minimum deposit; incidental fees depend on the chosen method (international wire transfers in particular).
Platforms and tools
| Platform | Software | Web | iOS | Android |
|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes | Yes |
| MT4 WebTrader | No | Yes | No | No |
Axi relies exclusively on MetaTrader 4, adopting an "MT4 specialist" positioning: no MT5 or cTrader, but a dedicated execution infrastructure (optimized MT4 bridge, free VPS for eligible accounts). The complementary tools are serious: Autochartist (pattern detection), PsyQuation (performance analysis), and copy trading via Myfxbook. For an algorithmic trader, MT4 remains a benchmark; for fans of modern platforms, the offering may seem narrow.
Available Instruments
| Asset Class | Selection |
|---|---|
| Forex | Over 70 pairs (majors, minors, exotics) |
| Indices | Approximately 30 global indices |
| Commodities | Metals, energies, softs |
| Cryptocurrencies | CFDs and perpetuals |
| Stocks | Depends on the entity |
In total, Axi covers over 220 CFD instruments, supplemented since 2025 by more than 150 crypto perpetuals, totaling over 370 instruments. It is not the largest catalog (stock brokers offer ten times more), but it is broad for a forex/indices specialist.
Leverage at Axi
Up to 500:1 depending on the entity and your client classification, but a maximum of 30:1 for retail clients in Europe and Australia on majors (regulatory framework). Maximum leverage should never be a reason to choose a broker: it is primarily a loss multiplier.
Demo Account and Education
Free demo account available on MT4 to test spreads, execution, and your strategies. Axi also publishes educational content and performance analysis tools (PsyQuation) to audit your actual statistics.
Deposits and Withdrawals
- Methods: Bank wire, credit/debit cards, e-wallets (depending on your entity).
- Account Currencies: USD, EUR, GBP, AUD, etc.
- Minimum Amount: No minimum deposit required.
- Fees: No broker-side fees on main methods (international wire fees may be charged by your bank).
- Processing Time: Cards and e-wallets are generally credited the same day; wire transfers take 1 to 3 business days.
Pros and Cons
Pros
- No minimum deposit and very accessible opening
- Extensive regulation (five authorities including ASIC and FCA)
- Axi Select: funding up to $1,000,000 with 90% profit share
- Free tools: Autochartist, PsyQuation, VPS
- Pro raw account starting at 0.0 pips for $7/lot RT
Cons
- MetaTrader 4 only (no MT5 or proprietary cTrader)
- Inactivity fees ($10/month after 12 months)
- Limited stock catalog
- Elite tier reserved for large deposits
Who is Axi for? The bridge to funded trading
Axi occupies a unique position: it is a classic broker, but also one of the first major brokers to have launched its own funded trading program. Axi Select selects traders through performance milestones on real accounts and can fund them up to $1 million with up to 90% of profits paid out. It follows the exact logic of prop firms, with the distinct feature of proving yourself on a real account rather than in a simulated challenge. If you are looking for the classic model instead (fixed fees, simulated account, clear drawdown rules), compare the market programs in our prop firm comparator: entry fees, objectives, drawdown rules, timeframes, and payout frequency.
Verdict: should you open an Axi account in 2026?
Axi is a solid choice in 2026 for the forex/indices trader: flawless regulation, entry with no minimum deposit, quality MT4 execution, and an original gateway to professional funding (Axi Select). Start with the demo, validate your strategy on Standard or Pro, and look at Axi Select as a reward rather than a shortcut. To choose between a classic broker and a prop firm funding, follow the rankings on Fundedtrader.fr.
