Reviewed by 3 analysts over 6 months
Axi logo

Axi Review 2026

4.3/5 ECN Forex Specialist

Raw ECN spreads from 0.0 pips. No minimum deposit. Sub-30ms execution. Free VPS. One of the most cost-effective brokers for serious forex traders.

$0 Min Deposit
0.0 pips Spreads From
220+ Instruments
2007 Founded
ASIC Regulated FCA Licensed ECN Execution Free VPS
Axi Review - Updated: February 2026
About

Axi Overview

Australian ECN broker built for serious forex traders

Axi (formerly AxiTrader) is an Australian-founded ECN broker that has built its reputation on providing institutional-grade trading conditions to retail traders. Regulated by ASIC, FCA, and other authorities, Axi focuses on what matters most to serious traders: tight spreads, fast execution, and reliable platform access.

What sets Axi apart is their commitment to ECN transparency. With raw spreads from 0.0 pips, no minimum deposit requirement, average execution under 30ms, and full MetaTrader 4 & 5 support, they cater to scalpers, day traders, and algorithmic traders who demand professional-grade conditions without artificial barriers.

Founded 2007
Headquarters Sydney, Australia
Regulation ASIC, FCA, DFSA, FMA
Parent Company AxiCorp Financial Services
Min Deposit $0
Max Leverage 1:500 (1:30 retail)
Instruments 220+
Execution ECN/STP
Deep Dive ECN Heritage, Execution Quality & Market Position

Axi has carved out a clear niche in the retail broker landscape: institutional-grade ECN trading without institutional minimums. In a market crowded with market makers and hybrid brokers, Axi's pure ECN/STP model provides genuine straight-through processing with no dealing desk intervention.

Read full analysis

The no minimum deposit policy is genuinely disruptive in the ECN space. Most brokers offering raw spreads from 0.0 pips require $200-500 minimum deposits. Axi removes that barrier entirely, making professional-grade trading accessible to traders of all sizes. Combined with average execution under 30ms and servers co-located in Equinix NY4 and LD4 data centers, the infrastructure matches the pricing.

Since 2007, Axi has maintained a clean regulatory record across ASIC, FCA, DFSA, and FMA jurisdictions — 17+ years without major sanctions or enforcement actions. Their client base of 60,000+ active traders skews toward experienced forex traders, scalpers, and EA developers who understand the value of ECN execution.

The ideal Axi trader falls into one or more of these categories: forex day traders seeking raw spreads, scalpers who need sub-30ms execution without restrictions, EA developers wanting free VPS and full MetaTrader support, or cost-conscious professionals who want institutional conditions without paying for features they don't need.

How to Get Started

1

Register Online

Complete the online application in under 5 minutes with ID verification.

2

Fund Your Account

Deposit any amount — no minimum required. Free deposits via bank transfer, card, or e-wallet.

3

Start Trading

Access 220+ instruments via MT4, MT5, or Axi Copy Trading immediately.

Why Choose Axi

Key Strengths

What makes Axi stand out for active forex traders

Raw ECN Spreads

Trade from 0.0 pips with true institutional liquidity. Direct access to 14+ tier-1 liquidity providers via ECN/STP execution.

No Minimum Deposit

Start trading with any amount on Standard, Pro, or Elite accounts. One of the few ECN brokers with zero deposit requirements.

Fast Execution

Average execution under 30ms with no dealing desk. Co-located servers in Equinix NY4 and LD4 data centers.

Full MT4 & MT5

Complete MetaTrader support with Expert Advisors, custom indicators, and free VPS hosting for qualifying traders.

No Hidden Fees

Zero deposit fees, zero withdrawal fees, zero inactivity fees. Transparent pricing with no surprises.

Scalper-Friendly

No restrictions on trading styles including high-frequency scalping. EA-friendly environment with 24/7 VPS support.

Deep Dive The ECN Advantage & Cost Efficiency

Axi's ECN model provides genuine straight-through processing with no dealing desk intervention. For active forex traders, this means consistent execution without re-quotes or manipulation — a critical factor for scalping and algorithmic strategies.

Read full analysis

Consider the cost advantage for a trader executing 10 standard lots per day on EUR/USD: Axi Pro at 0.0 pips + $7 commission = $70/day, versus an average broker at 1.2 pips all-in = $120/day. That's annual savings of approximately $12,500 over 250 trading days. This cost advantage compounds significantly over a trading career.

The free VPS hosting for qualifying traders is an underrated benefit. Commercial VPS services cost $20-50/month. For algorithmic traders running EAs 24/7, this represents $240-600/year in savings — often more valuable than the spread differential versus competitors. Combined with sub-30ms execution from co-located servers, the infrastructure supports professional-grade automated trading.

Axi's no-restrictions policy on trading styles is increasingly rare. Many brokers impose minimum hold times, maximum trade frequencies, or outright ban scalping. Axi welcomes all strategies — scalping, hedging, news trading, and high-frequency EA execution — giving traders complete freedom in how they approach the markets.

Pricing

Fees & Spreads

ECN pricing with raw spreads and zero non-trading fees

Fee Type Cost
EUR/USD Spread (Pro) From 0.0 pips
EUR/USD Spread (Standard) From 1.0 pips
Pro Commission $7/lot round-turn
Standard Commission $0
Index CFDs From 0.4 points
Deposit Fees Free
Withdrawal Fees Free
Inactivity Fee None
Key Difference

Standard vs Pro Account Costs

Both accounts have zero minimum deposit. The Pro account offers raw spreads with commission, while Standard has wider spreads but no commission.

FactorStandardProWinner
EUR/USD Spread1.0 pips0.0 pips Pro
Commission$0$7/lot RT Standard
Total Cost/Lot~$10~$7-8 Pro
Best ForSwing tradersDay traders/scalpers Depends
Min Deposit$0$0 Draw
VPS EligibleNoYes Pro

For traders executing more than 3-4 lots per month, the Pro account typically offers better value.

Deep Dive True Cost of Trading & Zero Non-Trading Fees

Axi's fee structure is designed for active traders. The Pro account's all-in cost of approximately $7-8 per standard lot on EUR/USD (0.0-0.1 pip spread + $7 commission) beats the industry average of $12 per lot — a meaningful advantage that compounds with trading frequency.

Read full analysis

The Standard account with spreads from 1.0 pips and zero commission suits traders who prefer simplicity and trade less frequently. For most active traders making more than a few trades per week, the Pro account offers better value despite the commission. The break-even point is approximately 3-4 lots per month — above that, Pro consistently saves money.

Axi's zero non-trading fees policy is increasingly rare in the industry. No deposit fees, no withdrawal fees, no inactivity fee, no account maintenance charges. Many competitors charge $10-25/month after 90 days of inactivity, meaning Axi saves part-time traders $120-300/year just on inactivity fees alone.

The Elite account at $25,000 minimum offers reduced commissions of $3.50 per lot round-turn — half the Pro rate. For high-volume traders executing 10+ lots daily, this represents significant savings. Add dedicated account management and priority support, and the Elite account delivers genuine value for professional-grade trading.

Trust & Security

Safety & Regulation

Tier-1 regulation across multiple jurisdictions

ASIC

Australia
License 318232
Tier Tier 1
Protection Professional Indemnity Insurance

FCA

United Kingdom
License 509746
Tier Tier 1
Protection £85,000 FSCS

DFSA

Dubai
License F003742
Tier Tier 2
Protection DIFC Compliance

Segregated Funds

Client funds held separately at NAB and Barclays banks

£85,000 FSCS

UK clients covered by Financial Services Compensation Scheme

Negative Balance

Cannot lose more than deposited under retail rules

17+ Year Record

Clean regulatory record since 2007, no major sanctions

Deep Dive Multi-Jurisdictional Regulation & 17-Year Track Record

Axi maintains licenses from four respected financial regulators across Australia, UK, Dubai, and New Zealand. The ASIC and FCA licenses are particularly significant as tier-1 regulators with strict compliance requirements, capital reserves, and mandatory client fund segregation.

Read full analysis

ASIC regulation provides the core regulatory framework with mandatory client money segregation in top-tier Australian banks, professional indemnity insurance, minimum capital requirements, and annual external audits. For Australian clients, ASIC's comprehensive oversight provides robust protection with AFCA dispute resolution.

The FCA license extends tier-1 protection to UK clients including FSCS coverage up to £85,000 per person — one of the highest compensation limits globally. This significantly exceeds the standard EU investor compensation schemes of €20,000. UK clients also benefit from negative balance protection and access to the Financial Ombudsman Service.

Operating continuously since 2007, Axi has survived every major market crisis without client fund issues — including the 2015 Swiss franc crisis that eliminated several brokers. This 17+ year track record without regulatory incidents provides genuine confidence in their operational integrity. Client funds are held in segregated accounts at NAB (Australia) and Barclays (UK), legally separate from Axi's operating funds.

Technology

Trading Platforms

Full MetaTrader support with free VPS hosting

MetaTrader 5

4.5

Next-generation platform with 21 timeframes, depth of market, enhanced order types, and multi-asset support.

  • 21 timeframes
  • Depth of market
  • Economic calendar
  • Multi-currency backtesting

Axi Copy Trading

4.0

Copy successful traders directly within your MT4/MT5 account with risk management controls and performance analytics.

  • Strategy selection
  • Risk management
  • Performance analytics
  • Auto-allocation
Deep Dive MetaTrader Focus, Free VPS & Copy Trading

Unlike brokers pushing proprietary platforms, Axi has doubled down on MetaTrader excellence. This focused approach means full MT4/MT5 functionality with all features enabled, plus free VPS hosting — a combination that appeals to serious traders who value substance over marketing.

Read full analysis

MT4 remains the industry standard for forex trading, with the largest library of Expert Advisors, custom indicators, and community resources. Axi's MT4 implementation includes one-click trading, full MQL4 programming support, and unrestricted EA execution. For the vast majority of forex traders and automated systems, MT4 covers everything needed.

MT5 adds 21 timeframes (vs MT4's 9), depth of market visibility, improved backtesting, and an integrated economic calendar. For traders wanting more analytical tools or multi-asset capabilities, MT5 provides a meaningful upgrade. Axi supports both simultaneously, so there's no forced migration.

The free VPS hosting for qualifying traders eliminates a $20-50/month expense that algorithmic traders would otherwise bear. Hosted on enterprise-grade infrastructure with direct connections to Axi's execution servers, it minimizes latency for EA trading. The copy trading integration provides a social trading layer for those wanting managed exposure — less developed than eToro's platform but sufficient for following successful strategies within the MetaTrader environment.

Accounts

Account Types

Three account tiers for different trading styles and volumes

All accounts support MT4, MT5, and copy trading. Standard and Pro have zero minimum deposit.

Axi Pros & Cons

Balanced evaluation based on our hands-on review

Pros
  • Pro: Raw spreads from 0.0 pips on Pro account
  • Pro: No minimum deposit requirement on any account
  • Pro: Fast ECN execution with average speed under 30ms
  • Pro: Full MetaTrader 4 & 5 support with all features
  • Pro: Free VPS hosting for active traders
  • Pro: Zero deposit, withdrawal, and inactivity fees
  • Pro: Strong tier-1 regulation (ASIC, FCA)
  • Pro: Excellent for scalpers and algorithmic traders
  • Pro: Copy trading integration available
  • Pro: Multiple account base currencies
Cons
  • Con: Limited educational resources for beginners
  • Con: Smaller instrument selection than some competitors (220+)
  • Con: Basic research and analysis tools
  • Con: No proprietary trading platform
  • Con: Copy trading less developed than eToro
  • Con: Elite account requires $25,000 minimum
Common Questions

Axi FAQ

Is Axi safe and regulated?

Yes. Axi is regulated by ASIC (Australia, license 318232), FCA (UK, license 509746), DFSA (Dubai, F003742), and FMA (New Zealand, FSP518226). Client funds are held in segregated accounts at NAB and Barclays. UK clients receive £85,000 FSCS protection. Axi has maintained a clean regulatory record since 2007.

What is Axi's minimum deposit?

Axi has no minimum deposit requirement on any account type — Standard, Pro, or Elite (though Elite requires $25,000 for reduced commissions). You can open and fund an account with any amount, making professional ECN trading accessible to all traders.

Does Axi offer true ECN execution?

Yes. Axi provides true ECN/STP execution with no dealing desk intervention. On the Pro account, you get raw spreads from 0.0 pips with direct access to 14+ institutional liquidity providers. Average execution speed is under 30 milliseconds from co-located servers.

Can I use Expert Advisors with Axi?

Yes. Axi fully supports Expert Advisors on both MT4 and MT5 with no restrictions. They also offer free VPS hosting for traders who maintain minimum volume requirements, ideal for running EAs 24/7 without interruption.

What leverage does Axi offer?

Axi offers leverage up to 1:500 for professional clients and traders in less regulated jurisdictions. Retail clients in the UK, Australia, and EU are subject to regulatory limits (1:30 major forex, 1:20 minor pairs, etc.).

Does Axi charge withdrawal fees?

No. Axi charges zero fees for deposits or withdrawals on all payment methods. Processing times vary — e-wallets within 24 hours, bank transfers 1-3 business days.

What is the difference between Standard and Pro accounts?

Standard has spreads from 1.0 pips with no commission. Pro offers raw spreads from 0.0 pips plus $7 per lot round-turn commission. For most active traders executing more than 3-4 lots per month, Pro offers better total value.

Does Axi offer a free VPS?

Yes. Axi offers free VPS hosting for traders who maintain consistent trading volume. The VPS is hosted on high-performance servers with low latency connections to Axi's execution servers, ideal for running EAs and automated strategies 24/7.

What platforms does Axi support?

Axi supports MetaTrader 4 and MetaTrader 5 on desktop, web, and mobile. They also offer Axi Copy Trading for social trading. All platforms include advanced charting, one-click trading, and full EA support.

Is Axi good for beginners?

Axi can work for beginners due to its no minimum deposit and demo account, but it's better suited for intermediate to advanced traders. Educational content is limited compared to brokers like IG or eToro. Beginners should start with the free demo account.

Axi updates page coming soon View all updates
Our Rating

Axi Verdict

4.3 /5
Overall Rating
Trading Costs
4.8
Execution
4.7
Platforms
4.5
Regulation
4.3
Support
4
Instruments
3.8

Best For

Forex day tradersScalpersAlgorithmic/EA tradersCost-conscious professionalsMetaTrader power users

Not Ideal For

Complete beginnersResearch-focused tradersStock/ETF investorsSocial trading enthusiasts

Axi is a specialist ECN broker that excels at its core focus: fast, low-cost forex trading with institutional-grade execution. The combination of raw 0.0 pip spreads, zero minimum deposit, free VPS, and no hidden fees makes it one of the most cost-effective choices for active forex traders, scalpers, and algorithmic strategies.

Deep Dive Final Assessment: Specialist ECN Broker for Serious Traders

Axi does one thing exceptionally well: provide fast, low-cost forex trading with institutional-grade execution. If that's what you need, it's hard to beat their combination of raw spreads, no fees, and free VPS.

Read full analysis

The 4.3/5 rating reflects exceptional trading costs (4.8) and execution quality (4.7), balanced against a more limited instrument selection (3.8) and fewer educational resources. This scoring pattern is typical of specialist brokers — they excel in their focus area while accepting trade-offs in breadth.

For cost-conscious forex traders, the numbers speak clearly. The Pro account's all-in cost of approximately $7-8 per standard lot on EUR/USD undercuts the industry average by 35-40%. Combined with zero non-trading fees, free VPS, and no minimum deposit, Axi delivers genuine value that directly impacts profitability.

Axi isn't for everyone, and that's by design. They've chosen to focus on ECN forex trading rather than being mediocre at everything. If you're an experienced trader who knows what you need — tight spreads, fast execution, MT4/MT5 support — Axi delivers. If you're looking for extensive education, research tools, or a broad multi-asset platform, look elsewhere. That clarity of purpose is, in itself, a strength.

Ready to trade with Axi?

No minimum deposit. ASIC & FCA regulated. Raw ECN spreads.

Open Axi Account
Sign up
JD

James D. from London

matched with AvaTrade

2 minutes ago