Axi Review Australia 2026

Axi quick facts

Trading costs and fees

Pro account for active traders

The Pro account is where Axi competes on price. Spreads are advertised from 0.0 pips on EUR/USD, with a commission of A$3.50 per side (A$7.00 round turn) per standard lot on top. Across our eight measured pairs (May to June 2026 rolling 24-hour captures), the Pro account averaged 0.16 pips raw before commission. That result placed Axi third of 16 raw accounts in our lowest spread forex brokers test, and the A$3.50 per-side rate lands in the seven-way tie group covered in our lowest commission forex brokers comparison.

Standard account for casual traders

The Standard account uses spread-only pricing with no commission. EUR/USD averages around 0.6 pips.

Elite account for wholesale traders

Elite is Axi’s wholesale/professional account. It requires a minimum balance of USD 25,000 and wholesale client qualification: gross income over AUD 250,000 in two of the last three years, net assets over AUD 2.5 million, or an accountant’s certification. Commission drops to USD 3.50 round-turn, forex leverage extends up to 400:1, and ASIC retail protections no longer apply.

Other fees AU traders should check

• Overnight swap rates apply on positions held past 5 PM New York. Whether you pay or receive depends on direction.
• Currency conversion sits at around 0.5% on positions denominated in a currency other than your account base.
• Withdrawals are free at USD 50 or more (or for a full-balance withdrawal); under USD 50 a USD 25 administration fee applies.
• The inactivity fee is USD 10/month (or currency equivalent) after 12 months of no activity.

Trading platforms

Axi runs one trading platform on its Australian entity: MetaTrader 4. There is no native MT5 for ASIC clients, so the platform question here is not which terminal to pick, it is what Axi layers on top of MT4.

MetaTrader 4

MT4 is Axi’s primary platform, and the whole offering is built around it. Axi’s MT4 build runs the standard MetaQuotes terminal with the broker’s own plugins layered in. You get one-click trading, full EA support, custom indicators, and 28 built-in technical studies.

For traders who run automated strategies, Axi has historically been one of the more EA-friendly AU brokers. Free VPS is available to clients who meet volume thresholds.

PsyQuation, the differentiator

PsyQuation is Axi’s own trader-analytics tool, and it’s what separates Axi from the rest of the AU MT4 pack. It connects to your live trading account, ingests your full trade history, and produces a behavioural read on your trading habits: when you over-trade, where revenge trades cluster, which sessions are profitable, where you cut winners early or hold losers too long.

PsyQuation is free for funded Axi clients. Comparable third-party tools typically run USD 30 to 100 a month.

TradingView

Axi’s ASIC entity runs on MT4, and native TradingView charting is not part of that platform stack. Traders who want TradingView execution are better served by Pepperstone or OANDA.

Copy and social trading

AU clients get two copy trading routes. MT4’s built-in Signals service lets you subscribe to a provider inside the terminal and mirror their trades on your own account, with the provider’s fee sitting on top of Pro pricing rather than inside it. Axi also publishes a standalone Axi Copy Trading app on the Australian App Store, under the same AxiCorp Financial Services Pty Ltd entity that holds the AFSL. There is no proprietary social feed here of the kind eToro is built around.

Mobile apps

Mobile trading on the Australian entity runs through the MT4 mobile terminal, which covers order placement, position management and basic charting. MT4 mobile has iOS and Android builds. Biometric login is supported.

AxiSelect, the funded-trader angle

AxiSelect is Axi’s own capital-allocation programme. The headline pitch: you pay a small entry fee, trade an evaluation account inside Axi’s infrastructure, and if your performance and risk metrics meet the programme criteria, Axi allocates real capital to you and shares profits.

This isn’t a prop firm in the FTMO sense. The capital, the rules, and the regulatory wrapper all sit inside Axi’s ASIC-regulated entity. For an Australian retail trader who wants a structured path to managing more than their own savings without leaving an ASIC environment, that’s the appeal.

A few things to know before you sign up:

• The evaluation criteria change over time. Read the current programme rules on Axi’s site rather than relying on second-hand summaries.
• The funded capital is Axi’s, not yours. Profit splits and drawdown rules apply.
• This isn’t a guaranteed path. Most evaluation entrants don’t pass.
• It pairs well with PsyQuation.

Trust and safety

Trust score: 6/10.

ASIC regulation and global licences

AxiCorp Financial Services Pty Ltd (ACN 127 606 348) holds AFSL 318232 with ASIC. The licence has been continuously held since 2007. The same entity also holds a New Zealand FMA Derivatives Issuer Licence (FSP 518226), so NZ clients trade under AxiCorp as well.

Globally, the Axi group is regulated by:

• Financial Conduct Authority, UK (Tier 1)
• Cyprus Securities and Exchange Commission, EU (Tier 1)
• Dubai Financial Services Authority, UAE (Tier 2)
• Financial Services Authority, Saint Vincent and the Grenadines (offshore wholesale only)

Client money and negative balance protection

Axi holds retail client money in segregated accounts at an Approved Australian Bank, separate from the company’s own funds. ASIC requires negative balance protection on retail CFD accounts, so a retail account cannot lose more than the money in it. If a dispute with the broker goes wrong, AFCA can hear claims up to $1,263,000 and award compensation up to $631,500. The Compensation Scheme of Last Resort sits behind that with a $150,000 cap, but it excludes CFD trading losses, so it protects you against unpaid awards for misconduct, not against losing trades.

One carve-out applies at the top of the account ladder. The Elite account is wholesale only, and wholesale clients trade outside the ASIC retail rules, so the negative balance protection above goes with them. That is the trade Axi asks for in exchange for 400:1 forex leverage, and it is why we point most readers at the Pro account instead. For how Axi sits against the field on protection, see the safest forex brokers we track and our explainer on negative balance protection for CFD accounts.

History and ownership

Founded in Sydney in 2007 as AxiTrader by Daniel Eduard. Privately held. The 2021 rebrand to Axi was a marketing exercise; the corporate entity (AxiCorp Financial Services Pty Ltd) and the AFSL number remained unchanged.

Public reviews

Axi holds a Trustpilot rating of 4.1 out of 5 from 7,134 reviews, which Trustpilot labels great, captured July 2026. The profile has been claimed by the broker since March 2021.

AU-specific reviews skew positive on platform stability, withdrawal speed, and PsyQuation.

What other review sites say

Axi's iOS app rates 5.00 out of 5 from 2 ratings on the Australian App Store (July 2026), listed as Axi Trading Platform.

App Store AU

5.00

2 ratingsJuly 2026

Account types and minimum deposit

Account options for AU clients

Axi runs two retail accounts, Standard and Pro, and both open on a $0 minimum. Pro carries RAW spreads plus A$3.50 per side and suits anyone trading forex regularly; Standard rolls the whole cost into the spread and charges no commission.

Elite is not a third retail tier. It is the wholesale account, and its pricing and the qualification tests you have to clear sit in the costs section above. An Islamic (swap-free) account is available for eligible Australian clients.

Minimum deposit

Axi’s minimum deposit is $0. There is no mandated minimum on either retail account, though Axi recommends around USD 200 as a first deposit, which is roughly what you need to size positions sensibly on the Pro account. Elite is the exception: it runs on a USD 25,000 minimum balance.

Funding and withdrawals

Deposit methods (AU clients)

Bank transfer deposits are free with no cap. Card and other non-bank methods are free up to USD 50,000 a month; a 3% fee applies above that.

Withdrawals

Withdrawals of USD 50 or more are free, as is a full-balance withdrawal. Under USD 50 you’ll pay a USD 25 administration fee. Withdrawals go back to the same source as your deposit where possible.

Account opening

Fully online, AUSTRAC-compliant. Most AU applications are approved within a business day. Our test team rated Axi’s onboarding 11/15.

Product range

Axi is a forex broker first and the shape of the range says so: 80 plus pairs on the currency side, adjacent CFDs on everything else, and no ASX single stock coverage at all. Measured against all CFD asset classes, Axi covers five:

Crypto sits at the thin end of that list: a selected set of pairs, CFDs rather than coins you can withdraw, and ASIC’s 2:1 retail cap keeps position sizes small by design. What is missing is worth stating plainly: no ASX single-stock CFDs, no direct share investing, and no MT5 to trade any of it on.

Share CFDs

Axi’s share CFD list covers selected UK, EU and US names only; there are no ASX single-stock CFDs at all, which makes the range one of the narrowest on our list and a named con. If equities drive your account choice this is the wrong broker, and the markets table above says so plainly. For how the class works and which AU brokers lead it, see our guide to trading shares as CFDs.

Gold and index CFDs

Gold, silver and the energy contracts trade next to the major global indices including the ASX 200. ASIC’s retail caps run 20:1 on gold and major indices. For the wider field see our guides to trading gold CFDs and index CFDs on global benchmarks.

Leverage for AU traders

Axi’s retail accounts carry the ASIC caps without variation; the Elite wholesale tier is the route to higher leverage and its eligibility tests sit in the costs section above.

ASIC caps retail CFD leverage 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 that ASIC has extended to 23 May 2027, so they apply at every ASIC broker, not just Axi. Axi offers higher leverage to wholesale clients who pass the eligibility tests: forex leverage up to 400:1 on the Elite account, for clients with gross income over AUD 250,000 in two of the last three years, net assets over AUD 2.5 million, or an accountant’s certification.

ASIC requires every CFD issuer to close out a retail client’s positions once account equity falls below 50 percent of the total initial margin on all open positions. The rule is set by the product intervention order and applies to Axi the same way it applies to every ASIC-licensed CFD issuer. Positions cannot be netted off against each other to reduce that figure, and a gapping market can close a position below the 50 percent level.

If you are weighing that trade, read understanding forex leverage first, then our comparison of high-leverage account options.

Customer service

Live chat, callback request and WhatsApp, plus the online Help Centre. Hours: 24 hours, Monday to Friday, Sydney time. The weekend gap is the main customer-service negative.

Average live chat response time during AU business hours sat under 90 seconds in our testing, and the agents knew MT4 well.

Languages supported: English, Spanish, French, Mandarin, Arabic, Vietnamese.

Research and education

Axi runs an in-house research and education library covering forex fundamentals, MT4 tutorials, EA basics and economic-calendar commentary. Standard tier for an MT4-focused broker.

PsyQuation does double duty as an education tool; the behavioural feedback teaches you to spot your own bad habits.

How Axi compares to alternatives

No single broker wins on every axis. The table below points to the brokers we would pick for specific priorities; for the full field, see our best forex brokers in Australia guide.

Should you open an account with Axi?

Open an Axi account if you trade forex on MT4 and want a path to funded capital; AxiSelect is a genuine differentiator no other AU broker offers, and the Pro account prices competitively in the raw cohort. Skip it if you need MT5 or deep share CFD coverage, because the ASIC entity carries neither; Pepperstone gives you the full platform menu and CMC Markets the product depth. The demo is free and runs on MT4, so you can test the terminal before you fund anything.

Open an Axi demo → (affiliate link, see our advertiser disclosure)