ECN/STP Forex Broker Review: AXI
AXI REVIEW
AXI General Info
◘ Company Name: AXI is the Trading Name of AxiCorp Limited, registered in England and Wales (06378544)
◘ AXI Offices: AXI maintains headquarters in the United Kingdom and Australia
◘ AXI Regulation: Financial Conduct Authority (Reference Number 509746) and ASIC (Reference number 318232)
◘ AXI Foundation: AXI was founded in 2007
◘ Online since AXI has been online since 2008
◘ US Clients: AXI doesn't allow US Traders (NO)
◘ Islamic Accounts: AXI offers provides SWAP-Free Accounts (YES)
◘ AXI Execution Type: ECN/STP
AXI Trading Info
◘ AXI Server Time Zone: GMT+3
◘ AXI Typical Spread: 0.1 pip on EUR/USD, and $7.0 trade commissions per full-traded lot
◘ Trading Leverage: maximum leverage is 30:1 (FCA UK) and up to 400:1 (ASIC)
◘ AXI Minimum Lot Size: 0.01 (micro-lot for beginners)
◘ AXI Scalping: (YES) It is allowed by AXI
◘ AXI Hedging: (YES) It is allowed by AXI
◘ Automated Trading: (YES) It is supported, plus AXi offers a FIX/API and a Free VPS (requires 20 lots in monthly volumes)
◘ AXI Minimum Account: The minimum account at AXI is just 10 USD
◘ AXI Account Currencies: US dollar, Euro, Great Britain pound, Australian dollar, Canadian dollar, Japanese yen, Hong Kong dollar, New Zealand dollar, Singapore dollar, and Swiss franc
◘ AXI Funding Methods: Bank wire, Credit/Debit Cards, Skrill, Neteller, BPay
AXI Asset Index & Forex Currency Pairs
AXI on the Standard Account offers:
- 50+ Forex Pairs (All Majors and Minors, plus many Exotic pairs):
- Cryptocurrency Pairs
- Over 10 Stock Indices
- Spot Metals (Gold and Silver against the US Dollar)
- Energies, Industrial Metals, and Soft Commodities
AXI Platforms
◘ Desktop Platforms: AXI offers only the classic MetaTrader4 desktop platform
◘ WebTrader: MT4 WebTrader
- One-click trading
- 9 timeframes & Advanced analysis tools
- PSYQuation (check below for more information)
◘ AXI Mobile Trading: AXI offers the MT4 app for iPhone and Android
◘ AXI website Languages: English, Arabic, Chinese, Dutch, German, Hungarian, Indonesian, Italian, Polish, Thai, and Vietnamese
AXI Free Education
- PsyQuation (Innovative AI & Machine Learning using trading data, powerful performance analytics, and progress tracking)
- General Forex video tutorials (instructional videos)
- MT4 installation guides, Trading Orders, and Backtesting
» AXI Real and Demo Trading Accounts
AXI Pros and Cons
AXI.com PROS |
AXI.com CONS |
√ 50 Forex pairs, Cryptocurrencies, Indices, Commodity Assets | X Only offers MT4 |
√ ECN Trading Account with as low as $1,000 | |
√ Very tight spreads | |
√ Low deposit requirements and micro lot account for beginners | |
√ A free VPS (for a 20-lot minimum monthly volume) | |
√ Automated Trading and FIX/API | |
√ Autochartist | |
√ PAMM Accounts are also available | |
√ PsyQuation (Innovative AI & Machine Learning Tool) |
AXI RATING -Using Formula V.4.0.
The sum of each Main Factor of AXI Rating Analysis (1, 2, 3, 4)
AXI RATING SUMMARY | |||
MAX | ACHIEVED | (%) | |
1. Safety of Funds | 26.00% | 23.20% | 89.23% |
2. AXI Cost of Transaction | 28.00% | 23.00% | 82.14% |
3. AXI Trading-Options | 26.00% | 20.00% | 76.92% |
4. AXI Technological Efficiency | 20.00% | 14.00% | 70.00% |
Overall Rating | 100.00% | 80.20% | 80.20% |
AXI Special Metrics
These are the special metrics for AXI according to the three categories of trading experience. The rating results are based on the different weights of the same formula.
AXI SPECIAL METRICS | |
(based on sub-formulas) | RATING (100%) |
AXI Overall Rating | 80.20% |
Forex Beginners | 78.25% |
Advanced Traders | 79.38% |
Pro Traders | 80.51% |
» AXI Rating Analysis at FxPros
AXI Review -Conclusions
Founded in 2007, AXI is an ECN/STP broker headquartered in the UK and Australia and regulated by FCA UK and ASIC.
AXI offers a multilingual website and very responsive 24/5 customer support. AXI provides only the MT4 in three versions (Desktop. WebTrader, and Mobile App) and fully allows scalping, hedging, and automated trading. Mobile trading is provided for iPhone and Android devices. They also offer free VPS, FIX/API, and Autochartist. PAMM Accounts are optional, and there are also free education and the PsyQuation tool which is designed to help traders track their real performance.
There are two (2) main account types and the minimum deposit is just $10. The ECN account requires a minimum deposit of $1,000. The trading leverage can be up to 30:1 for FCA UK traders and up to 400:1 for ASIC traders:
(1) Cent Account {$10 minimum deposit}
(2) Pro Account {$1,000 minimum deposit}
The great advantage of trading with AXI is the very tight spreads starting as low as 0.1 pip on EURUSD plus $7.0 trade commissions. The asset index is wide and includes over 50 Forex pairs, cryptocurrencies, Gold, and Silver against the USD, over 10 stock indices, industrial metals, energies, and a few soft commodities.
The fund methods available include Debit/Credit Cards, Bank Wire, Neteller, BPay, and SKRILL. Overall, AXI is a very good ECN broker that meets the needs of advanced and professional Forex traders, especially as concerns automated traders.
■ ECN Forex Broker Review: (AXI)
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