Axi

Axi is an award winning broker, and it does not take long to see why. This is a very stable broker that follows industry guidelines, but also adds a personal touch. Read the review to see what Axi has in store.

The parent company of the frim AxiCorp Limited is fully regulated by the FCA.

The FCA is one of the most active regulators in the world, perpetually insisting on a fair and regulator FX environment. Its ideals are the fair treatment of customers, the promotion of a stable market integrity, safety of users' funds, and the abolition of all scammer practices. Moreover, all licensed broker must hold at least €730 000 as minimum capital and must keep all client moneys in separate segregated bank accounts. All FCA regulated brokers participate in the Financial Services Compensation Scheme (FSCS), which will reimburse users of up to £85 000 shoudl their broker fall into insolvency.

Furthermore, the broker has a branch in Saint Vincent and the Grenadines, which was the biggest surprise to us because the nation is actually synonymous with scammer brokers. Nearly 99% of all SVG brokers are complete frauds.  We discovered the presence of the offshore subsidiary in the registration page, where users chose a jurisdiction. We don't know what to make of this, although the presence of the FCA license is actually reaffirming the fact that the broker is safe to trade with. We assume that the offshore entity is available to clients outside of the EU who still want to use Axi's services. Users choosing this option will not be depriving themselves selves of the FCA benefits.

Although, it does seem slightly suspicious that Axi has no information on the Saint Vincent and the Grenadines subsidiary.

The available trading conditions are as follows. Client can trade with forex currency pairs, commodities, shares, indices, and cryptocurrencies. There is a favorable 1.1 pips Spread for the EUR/USD currency pair for the Standard account. The leverage is capped at 1:30 by the FCA. Users of the SVG branch will probably be able to access higher leverages than that.

AXI LOGIN

The MT4 marks its presence here, and it is very welcome to do so. This software is a beast, and includes crucial trading tools, such as EAs, time frames, pending orders, stop/loss, take profit, chart indicators, and hundreds more! One can never go wrong with the MT4.

Furthermore, there are some tools that will further aid the user in his trading.
Clients can take advantage of copy trading, allowing them to automatically copy the trades of top traders around the world, linking the MT4 account with the copy trading app.
There is also the option to use Myfxbook Autotrade which is another account mirroring tool from which users can copy trading from other users.

AXI MINIMUM DEPOSIT

All deposits will be treaded equally and with caution. That's the FCA guarantee.

There is no minimum deposit. Users can start of with $0, although they will eventually have to invest something in order to start trading.

The account base currencies are GBP, EUR. USD, CHF and PLN.

Payment methods include credit cards, debit cards, bank transfer, Polish Internet Banking, Sofort, GiroPay, iDeal, Neteller, and Skrill.

Bank deposits can take up to 3 days to arrive at the user's trading account.

There are no depositing fees.

AXI WITHDRAW TIME AND FEES

The FCA is your number one guarantee that all users' funds are safe here!

The minimum withdraw is $50 for wire transfer, $5 for Neteller, Skrill, and Polish Net Banking.

There are no withdrawal fees.

It takes up to 3 days tops to process bank transfers, while some e-wallet payments can be instant.

BOTTOM LINE

Axi can be perfect for you if you are looking for a standard FX experience. The broker can be a great starting point for anyone, but it can also be very good for advanced traders.