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

FAQs

Is Axi forex broker legit? ›

Axi is a reliable industry player that has not been involved in any major scandals. Having been on the market for a long time or being listed on an exchange are also signs that the broker is a legit entity. Warning: Be alert to cloned websites impersonating trusted brokers such as Axi.

Is Axi available in your country? No, you can't open an account at Axi if you live in the United States!

Why choose Axi. Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required.

The minimum deposit at Axi is $0 - a great feature. You can choose from multiple base currencies.

If you withdraw via Bank Transfer, it may take up to 3 to 5 business days to receive fund. If you withdraw via e-wallet, you will receive fund instantly after Axi processes your request. For withdrawals via Internet Banking option (available for specific regions), it can take up to 1 to 3 business days to receive fund.

Axi Client Services

Please note that: Withdrawal method must be the same as your deposit method, except for deposit via Visa/Master card to withdraw to your bank account. All withdrawals and bank account verification will be checked and processed within 2 business days once receipt.

Applying for a withdrawal

To apply for a withdrawal, log in to the Axi Client Portal, select “Funds,” then “Withdraw Funds.” All available withdrawal options will be displayed. Please note: You can only make withdrawals via the same method you used to deposit, and funds must be returned to the original source.

The company is owned and operated by AxiCorp Financial Services Pty Ltd, a company based in Australia. As such, AXI Broker falls under the jurisdiction of the Australian regulatory body ASIC. According to AXI Broker's website, they are licensed and regulated under ASIC with license number 318232.

Axi Client Services

Standard accounts have no fees and no commissions. Pro accounts charge a small commission of USD$3.50 per lot ($7 round trip) in conjunction for having lower spreads.

How much is an Axi account? ›

100% Free to join 0 Registration fees and no hidden costs* Get up to $1 million USD Earn 90% of profits on $1 million USD of our funds. 1:100 Leverage Enjoy higher leverage with an Axi Select account.

FOREX.com - Legally available to retail clients in the U.S. OANDA - Legally available to retail clients in the U.S. TD Ameritrade - Legally available to retail clients in the U.S. Interactive Brokers - Legally available in the U.S., but only to institutional clients.

Answer - You can start trading with as little as $10 or invest more, like $100, $1,000, or even $15,000. Higher investments can potentially lead to higher profits in forex. However, it often requires substantial investments to achieve significant gains.

Axi does not accept payments from third parties. Please ensure all deposits into your trading account come from an account in your name.

To ensure our welcoming service is open to traders of the Islamic faith, we offer a specialised swap-free, no-interest trading account.

OANDA - Best US forex broker overall

OANDA secures the top position as the premier U.S.-regulated forex broker by offering spreads that are consistently lower than the industry average.

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.