Axi Review Australia 2026

Is Axi safe? ASIC AFSL 318232

Yes, Axi is regulated by ASIC under AFSL 318232, current since 21 December 2007, held by AxiCorp Financial Services Pty Ltd.

Axi’s ASIC licence record

AxiCorp Financial Services Pty Ltd, ACN 127 606 348, holds AFSL 318232 with ASIC.

The licence has been current since 21 December 2007, and a licence held that long is a genuine trust asset in my view. The register’s name history shows the licensee was registered as Axisforex Group Holdings Pty Ltd from 21 December 2007 to 25 May 2010. You can check the record yourself on ASIC Connect.

On 2 January 2020 ASIC suspended the licence of AxiCorp Financial Services Pty Ltd (AFSL 318232) for four months, as media release 20-019MR records, after finding it had failed to comply with financial services laws, including the requirements to pay client money into an account with an Australian authorised deposit-taking institution, to comply with client money reporting rules and to lodge financial statements with ASIC by the due date. AxiCorp applied to the Administrative Appeals Tribunal for review the same day, and the Tribunal stayed the suspension pending its final review, so the company could continue to provide financial services. Media release 21-044MR, dated 12 March 2021, reports that ASIC imposed additional conditions on the licence, requiring an independent expert review of compliance procedures and controls with a remediation plan, a minimum of three full-time-equivalent compliance staff until 31 December 2022, and no appointment of corporate authorised representatives until 31 December 2022. After the conditions were imposed, ASIC and AxiCorp filed consent orders, and on 9 March 2021 the Tribunal set aside the suspension decision. Separately, CONSOB, Italy’s financial markets regulator, announced on 3 July 2026 that it had ordered the blocking of six websites providing investment services without authorisation, one of them AxiTrader LLC (www.axi.com and related pages), the offshore Axi group company, and that order does not concern the ASIC licensee AxiCorp Financial Services Pty Ltd or AFSL 318232.

Before depositing, confirm Axi holds AFSL 318232 using the site's guide to checking a broker on ASIC's register.

Is Axi legal in Australia?

Yes, Axi is legal in Australia, working with local residents through AxiCorp Financial Services Pty Ltd, licensed by ASIC under AFSL 318232.

Axi client money protection and AFCA membership

Axi client money sits in segregated client money accounts, separate from company funds, and negative balance protection is mandatory on retail CFD accounts. AFCA membership gives you a free external dispute service if something goes wrong.

Client money accounts sit separate from company funds, so a deposit is not part of the broker’s working capital and cannot be used to pay its creditors. I’d stress that this means your money is ring-fenced. AFCA hears claims up to A$1,263,000 and awards compensation up to A$631,500. A$150,000 is the most the Compensation Scheme of Last Resort pays, and only for personal advice, securities dealing and credit, which leaves forex and CFD trading outside it. The retail standard is set out in the guide to negative balance protection for CFD accounts.

One account carve-out applies at the top of the ladder. The Elite account is wholesale only, and wholesale clients trade outside the ASIC retail rules, so negative balance protection goes with them. That is what Axi asks in exchange for 400:1 forex leverage. I’d say losing negative balance protection is the single largest risk you take when stepping up to Elite, and it should stop the move unless the leverage gain is essential to the strategy.

Axi’s AFCA member is Axicorp Financial Services, and AFCA’s Datacube, read on 27 September 2026, records 33 complaints received against it in 2025-26 and 7 in 2024-25, with the figures set out in the table that follows.

• AFCA business size: Very small
• Not adjusted for client numbers
• AFCA listing threshold: Financial firms that received four or more complaints during the selected period appear in the AFCA Datacube.
• Middle of the field: 23 AFCA firms listed for 01/07/2025 - 30/06/2026 among the brokers this site covers, each firm counted once
• Source: AFCA Datacube, complaints by firm, read 27 September 2026

Axi Trustpilot rating

Axi holds a Trustpilot rating of 4.1 out of 5 from 7,877 reviews, which Trustpilot labels great, captured October 2026. The profile has been claimed by the broker since March 2021.

How popular is Axi in Australia?

Axi is searched too rarely in Australia for month-on-month change to be meaningful: 980 branded searches in September 2026, 19th of 33. Search interest measures attention, not quality; the score above is the review verdict.

19of 33Search interest rank

980

Brand searches, September 2026

n/a below 1,000

vs August 2026

110

Login searches

0.6%

Share of all broker searches

Source: Google search volume, Australia, September 2026. How this is measured

What traders say about Axi

Public ratings of Axi from the rating sites that list it, showing the number of reviews or ratings behind each score and the month it was captured.

Rating site	Rating	Based on	Who rated	Captured
Trustpilot	4.1 out of 5	7,877 reviews	Worldwide	October 2026

Each row above is a public rating of Axi taken from a rating site, dated to the month its figure was captured. A Trustpilot figure counts reviews and a TradingView figure counts ratings from anywhere in the world. The app store ratings for Axi sit in the apps section of this review, with the store screenshots. A site with no row has no rating for Axi, withholds it, cannot be matched to Axi with confidence, or we have not captured it yet.

This company has received regulatory attention.

This company has received attention from industry regulators.

We take a neutral stance but provide this information to help you make informed decisions about engaging with this company.

Axi key facts at a glance

Axi, through AxiCorp Financial Services Pty Ltd, holds ASIC AFSL 318232, current since 21 December 2007, and asks no minimum deposit on Standard or Pro. The licence and cost picture sits in the rows that follow.

The broker runs MetaTrader 4, MetaTrader 5 and its own web platform. I would start with the table below, because it gives you the full picture before a paragraph of detail.

We report the spread on the basket rather than a single pair, and the section below explains why.

Axi Pro account pricing, measured

Axi Pro account pricing averaged 0.24 pips across eight pairs in our 5 to 9 October 2026 capture, the third tightest of the raw accounts tested.

That capture ran across the full trading week, from the market open at 7am AEST on Monday 5 October to the close at 7am AEST on Saturday 10 October 2026, with Noam Korbl logging each broker’s quotes once per second on a live account. Commission runs to A$4.50 round turn per standard lot, billed in Australian dollars on an AUD account and debited in full when the position opens rather than half on the open and half on the close. That is a fixed cost you can price before you place the trade, which matters more than it sounds, because a commission quoted in a currency you do not hold moves under you every time the rate does.

The headline figure is on the basket, and EUR/USD alone ran at 0.07 pips in our 5 to 9 October 2026 capture, second tightest of the raw accounts we tested, sitting at exactly 0.0 in 96.0% of the minutes logged. Axi also advertises EUR/USD from 0.0 pips, and an advertised floor of zero is a marketing minimum rather than an average. I’d say a single-pair number tells you less about real trading cost than the basket does across a whole watchlist, so you get a more realistic cost picture from the basket.

That basket result placed Axi third tightest of the raw accounts we tested in the lowest spread brokers in Australia test. The A$4.50 round-turn rate lands in the cheapest group covered in the lowest commission forex brokers comparison, so both halves of the price pull the same way here. In my view total cost sits in a narrow band with the top handful of Australian brokers, which means you pay no premium for a spread this tight.

Axi’s Pro account averaged 0.00 pips on EUR/USD in all 22 hours outside the rollover window in our 5 to 9 October 2026 capture, and 5.14 pips in the rollover hour from 8am to 9am Sydney time. You can compare Axi’s spreads by hour against other accounts.

Standard and Elite accounts

I’d call Axi’s Standard account straightforward: it prices spread-only with no commission, and EUR/USD averaged 0.6 pips in our May to June 2026 capture. Elite is the wholesale account, requiring a US$25,000 minimum balance and wholesale client qualification, where commission drops to US$3.50 round turn and forex leverage extends to 400:1. The ASIC retail protections no longer apply there, a trade-off that swaps the retail safety net for cheaper per-lot costs and higher leverage.

What Axi costs per trade

MEASURED

Standard lots per month

15102550

Monthly spread cost converts pips to dollars using the EUR/USD pip value as the proxy for the 8-pair average, footnoted on-page. AUD pip value A$14.18 per standard lot at AUD/USD 0.7053 (29 Oct 2026).

Rawraw + commission · 8-pair average · 5 to 9 October 2026

A$79.03

Standardspread only · 8-pair average · May to June 2026

A$117.69

Raw saves A$38.66 a month at this volume, comparing Raw prices from 5 to 9 October 2026 with Standard prices from May to June 2026 (the 5 to 9 October 2026 capture holds no Axi Standard account)

At 10 standard lots per month on Raw accounts, Axi costs approximately A$79.03 in spread and commission costs. Rates as of Thu 29 Oct 2026, 5pm New York close.

What it costs to trade with Axi

Axi charges A$4.50 in round-turn commission plus the spread, which comes to 0.61 pips all in across the eight-pair basket in our 5 to 9 October 2026 capture.

One standard lot on the Pro account carries the 0.24 pip spread plus 0.37 pips of commission, converted at the tick values our 5 to 9 October 2026 capture read from its own terminals, before you factor in your strategy’s own win rate.

The commission half of that comparison is settled: Axi’s A$4.50 round turn sits below Pepperstone Razor’s A$7.00 and IC Markets Raw’s A$9.00. What varies is the spread on the pairs you trade, and that shifts with your lot size and with the rate on the day. I’d say you should run your own monthly volume through both halves of the number rather than trust either headline on its own.

Axi non-trading fees

• Overnight swap rates apply on positions held past 5 PM New York time, and the direction of the position decides whether the swap is paid or received.
• Withdrawals are free at US$50 or more and on a full-balance withdrawal, and a US$25 administration fee applies below US$50.
• The inactivity fee runs 10 a month in the account base currency, so A$10 on an Australian dollar account rather than US$10, after 12 consecutive months with no trading activity and no open positions (AxiCorp Financial Services Pty Ltd Margin FX and CFD Retail Client Product Schedule, effective 29 September 2025).

How Axi compares to Fusion Markets and Global Prime

Axi Pro averaged 0.24 pips across the eight-pair basket in our 5 to 9 October 2026 capture, third behind Fusion Markets at 0.11 pips and Global Prime at 0.18 pips. On raw spread alone you pay more at Axi than at either of them, so your spread cost is the widest of the three.

All in, meaning spread plus commission expressed in pips, across the same eight pairs in our 5 to 9 October 2026 capture, Fusion Markets came first at 0.48 pips, Axi second at 0.61 pips and Global Prime third at 0.75 pips. On all-in cost Axi sits between the two, and on price alone Fusion Markets is the cheaper, so weigh the gap before you commit. Your platform preference may still decide it before the numbers do.

Fusion Markets and Global Prime are two brands of one ASIC licensee, FMGP Trading Group Pty Ltd, so this comparison is between two companies, not three. I would frame Axi’s case against them as MetaTrader 4, MetaTrader 5 and ATP on one Australian login, plus its all-in cost. Its raw spread does not carry the argument, since our 5 to 9 October 2026 capture put Axi Pro third of the three at 0.24 pips.

Axi account types and minimum deposit

Axi offers Australian clients three account types, Standard, Pro and the wholesale Elite account, with no minimum deposit on the two retail accounts.

Pro carries the raw spreads plus commission and suits anyone trading forex regularly, while Standard rolls the whole cost into the spread. Elite is the wholesale account, not a third retail tier. I’d read Pro as the default choice, and you should pick Standard only if all-in spread pricing is preferred and a wider headline figure is acceptable.

Minimum deposit and Elite qualification

Axi asks no minimum deposit on Standard or Pro. Its trading accounts page recommends $100 as a starting figure rather than requiring it, the application reads No Minimum against both accounts, and Noam’s Pro account bore that out: it went live at nil balance and sat there tradeable until he funded it with A$200 in August 2026.

Elite is the exception at a US$25,000 minimum balance, and it requires wholesale client qualification: gross income over A$250,000 in two of the last three years, net assets over A$2.5 million, or an accountant’s certification.

Axi funding methods and withdrawal times

Axi offered our test account three deposit methods, credit or debit card, Global Money Transfer and PayPal, each labelled instant and 0% fee, and our A$200 card deposit on 28 August 2026 credited within seconds at no fee. We have not yet tested a withdrawal, so no withdrawal time is given.

Axi deposit methods

Those three are what the deposit screen offered Noam in August 2026, each labelled instant and fee-free, and his A$200 card deposit cleared in seconds. The funding record below is our own account rather than a stock image: we pay for the accounts we test, which is the only way to know what a deposit actually does.

Deposits must come from a card in your own name, and Axi requires an initial deposit to be withdrawn back to the original payment method, with realised profits free to leave by another route. That last rule is standard anti-money-laundering practice rather than anything unusual, but I’d plan your first withdrawal around it.

Bank transfer deposits are free with no cap. Card and other non-bank methods are free up to US$50,000 a month, and a 3.0% fee applies above that, a threshold few retail clients reach (Product Schedule, effective 29 September 2025), so you can treat the whole funding suite as zero-cost for nearly any retail deposit pattern.

Axi withdrawal times and fees

Withdrawals of US$50 or more are free, as is a full-balance withdrawal, and a US$25 administration fee applies below US$50 (Product Schedule, effective 29 September 2025). I’d flag that small-withdrawal fee as one to check your habits against, because routinely pulling small amounts will add up. Axi’s confirmation screen states that initial deposits must be withdrawn back to the original payment method, while realised profits may be withdrawn using another supported method.

Axi account opening time and checks

Noam Korbl’s application ran fully online, covering employment and financial questions and a CFD suitability assessment before any identity checks. The identity and selfie checks ran through Jumio, automated, with no video call and no document exchange with a compliance agent. Axi accepted a passport, a driving licence or an identity card, and the check could move to a phone by QR code or an emailed link. Australia’s anti-money-laundering law, overseen by AUSTRAC, requires these identity checks of every broker, not just Axi. Noam had a verified account within around an hour, and his notes record that “Axi had one of the more efficient account-opening processes I tested.”

Axi trading platforms

Axi runs three trading platforms on the Australian entity, with MetaTrader 4 and MetaTrader 5 joined by its own Axi Trading Platform in the browser.

MetaTrader 4 and MetaTrader 5 each run across desktop, web and mobile. Noam opened a live Pro account under AxiCorp Financial Services Pty Ltd in August 2026, and the application put MetaTrader 5 and MetaTrader 4 side by side as a straight choice, with the client portal then offering to add further accounts on either platform. What you will not find here is cTrader, and there is no native TradingView execution for ASIC clients, though ATP borrows TradingView’s charting inside its own window.

The Trading Platform score sits at 5 out of 10, level with Trading Experience as the lowest of the six category scores, so if you weigh terminal choice heavily, this is where you are asked to compromise. For a trader working in cTrader or TradingView today, the move to MetaTrader is still a real cost of entry.

Axi Trading Platform

ATP is the browser platform Axi built itself, and it stops this being a pure MetaTrader shop. We opened it on our live Australian account in September 2026 and found a working venue: dealable two-way prices with buy and sell tickets, separate Positions and Orders tabs, and charting licensed from TradingView inside Axi’s own window. Being able to trade from the browser without installing a terminal is the practical gain.

Our test of ATP ran in the browser. I would not choose Axi for ATP alone, but as a third option on the same login it costs you nothing.

MetaTrader 4 and MetaTrader 5

Both terminals run the standard MetaQuotes software, with one-click trading, expert advisors and custom indicators. You get the familiar MetaTrader workflow with an Axi account behind it, so your existing tools and habits carry over.

With MT5 sitting alongside MT4 on the Australian entity, a trader arriving from another broker can move an MT5 or MT4 strategy across without a platform rewrite. TradingView execution is not available on the Australian entity, so a workflow built on it is not served here.

Axi copy trading

MetaTrader’s signals service sits inside the terminal, so you can copy a provider without leaving it.

Axi apps

Axi publishes two apps: its own app for trading and Axi Copy Trading for copy trading. MetaTrader 4 and MetaTrader 5 run on a phone through the MetaTrader apps with your Axi login.

The MetaTrader apps are published by their developers rather than by Axi, so you sign in with your own Axi account details. For a wider comparison, see the best trading apps in Australia.

• App Store: Australian storefront, exact figures from Apple's iTunes Search API
• Third-party MetaTrader, TradingView and cTrader Ltd apps not listed

Axi leverage and margin under ASIC rules

Axi leverage and margin operate under a maximum retail leverage of 30:1 on major forex pairs, identical across the Standard and Pro accounts.

• Given up with professional status: negative balance protection, the retail leverage limits, the 50% margin close-out
• Source: ASIC product intervention order (retail); Axi and its Australian support, read 30 September 2026 (professional)

At Axi, retail CFD leverage is capped at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order extended to 23 May 2027, so they apply at every ASIC broker, not just Axi. For risk planning, I’d note that the caps mean the margin requirement on a major forex pair cannot drop below roughly 3.33%, no matter which ASIC broker you choose.

Both retail accounts carry those caps without variation, so the account choice changes the commission model, never the leverage. The Elite wholesale tier is the only route above the ceiling, reaching 400:1 on forex for clients who pass the eligibility tests. I’d say the leverage jump from 30:1 to 400:1 is the most consequential number on this page, and it is walled off behind a qualification gate for a reason you should understand.

Retail margin close-out sits at 50%. ASIC requires every CFD issuer to close a retail client’s positions once account equity falls below half the total initial margin on all open positions, positions cannot be netted against each other to reduce that figure, and a gapping market can close a position below the 50% level. I’d underline that the 50% level is a floor in theory only: a fast market can blow through it and leave the account with less than modelled, so you cannot count on the margin close-out as a safety net. The leverage mechanics are set out in understanding forex leverage.

Axi markets and instrument counts

Axi markets and instrument counts run across six asset classes led by 80 plus forex pairs, with no ASX single-stock CFDs at all.

Axi is a forex broker first, and the shape of the range says so: deep on currencies, adjacent CFDs on everything else. The crypto range sits at the thin end as a selected set of pairs at the ASIC 2:1 retail cap. I’d say the range tells you exactly where to place this broker in a portfolio: primary for forex, secondary for anything else.

The range gaps are worth stating plainly: no ASX single-stock CFDs, and no direct share investing on either terminal.

Axi share CFDs

The share CFD list covers selected UK, EU and US names only, with no ASX single-stock CFDs at all. I’d say if your account choice turns on equities, it is the wrong place, and no commission saving on forex will make up for the absence of the stocks wanted. The share CFD class is compared in the guide to trading shares as CFDs.

Axi customer support

Axi’s Australian service page, read 19 October 2026, says support is available any time the markets are open, while its forex CFD page says 24/7; the two statements differ and we have not tested the hours. Support covers live chat, callback request, WhatsApp and an online Help Centre.

The absence of a published phone number means first contact is always through a screen, which you might find a drawback.

The one live-chat contact on our record, on 8 September 2026, gave a US dollar commission answer that our executed trades on the AUD account the same day disproved: the trades fit A$4.50 per round-turn lot and no US dollar reading. We have not timed a support response. In my view a pricing answer from the chat desk is worth checking against your own account statement.

The support channel mix is unusual: a callback request and a WhatsApp line replace the direct phone number most brokers publish, which suits some clients and frustrates others who want to dial a desk. Testing the callback response time on first contact is warranted, because your tolerance for the workflow will shape the whole support experience.

Axi’s Australian service page, read 19 October 2026, says its team handles trading-related enquiries in 14 languages.

Weekend availability is unconfirmed: Axi’s own pages differ, and our one live-chat contact with Axi was on a weekday, 8 September 2026. I’d argue that gap matters less here than at a multi-asset broker, because a forex client is rarely holding a weekend position in a market that trades through it. But if you trade crypto CFDs on a Saturday afternoon, the silence will feel longer than it looks on a calendar, and that gap may matter more if crypto is part of the routine.

Axi research, tools and education

Axi publishes forex fundamentals, MetaTrader tutorials, expert advisor basics, economic-calendar commentary, Autochartist daily alerts, market reports, volatility warnings, calculators, and a trading-holidays calendar. We have not assessed the research or education live, so this section states only what the broker publishes.

Should you open an Axi account?

I’d say Axi suits MetaTrader forex traders who trade the majors often enough for a 0.24 pip basket in our 5 to 9 October 2026 capture to matter more than an Australian-dollar commission. If you need cTrader, native TradingView or deep share CFD coverage, look elsewhere, and make that call before funding.

Two groups of trader should look past an Axi account. A workflow built on cTrader or TradingView execution is not served, because the Australian entity offers neither. The share CFD range carries no ASX single-stock names, which is a deal-breaker for ASX equities.

Axi ranks twenty-first on the 2026 scoring with 63 out of 100, and what holds it there is its platform and trading-experience ratings, both 5 out of 10, set against trading costs at 8 out of 10.