Axi is one of the most reliable forex and CFD brokers not only in Australia but globally. It has an excellent reputation from tier-one authorities, including the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA), and more.
- Low trading and non-trading fees
- Zero minimum deposit requirement
- Excellent learning resources
- User-friendly platform
- Availability of the MT4 platform for advanced traders
- Customer service can only be contacted during weekdays
- Limited research materials
- Web and mobile platforms lack safer login procedures
In addition, and in accordance with EU regulation, the broker offers negative balance protection for traders in the European Union. These, among other factors, are what makes Axi a safe broker to trade with.
Axi – Who Are They?
Axi was established in 2007 as a forex and CFD brokerage company. Since then, it has grown to be one of the industry-leading brokers, trusted by over 60,000 clients across over 100 countries globally. Axi is committed to providing you with the best trading services to help you achieve your trading objectives. That is why it offers cutting-edge web and mobile trading platforms that can be customised to suit any trader’s needs.
Axi is one of the cheapest Australian-based brokers with zero minimum deposit requirements. Trading and non-trading fees are also low since the broker doesn’t charge commissions on its standard account. You will also make your deposits and withdrawals free of charge, and on top of it, there is no inactivity fee. So, if you are a beginner who is sceptical about investing a lot of money or an active trader, Axi is an excellent choice for you.
This forex and CFD broker makes it easier for newbies to advance their skills by providing a wide range of learning resources. These include video tutorials, ebooks, blogs, webinars, seminars and trading courses on its Axi Academy platform. Axi also offers a demo account funded with $50,000 virtual money to help you understand whether it suits your needs.
Compare Axi With Other Brokers
Our Opinion About Axi
From our analysis, we are impressed with Axi’s services and offerings. Although you only get to trade forex and CFDs, this broker has an excellent MT4 platform that every trader will enjoy using. Moreover, the low trading costs prove that low-budget traders can also trade using quality resources. For this reason, the broker has attracted a lot of newbies that were sceptical about trying their luck on the financial markets.
On the flip side, we believe that Axi can improve its research resources since it lacks fundamental data and trading ideas. We also hope to trade with more physical assets in the future.
In general, Axi is an excellent broker, and any trader, especially a beginner, will be fortunate to use it. We highly recommend it, so feel free to give it a try on its demo account. In addition, the broker has responsive customer support, especially when contacted via live chat. Therefore, in case of any clarifications, you know what to do.