Let's start here

Axi's the real deal, all regulated, with a bunch of over 220 trading options, forex, CFDs for stocks, indices, commodities, and even cryptocurrencies – they're all on the menu. They start at a $0 deposit, offer competitive spreads from 0.0 pips on major currencies, and here is the cool part: using ECN execution for direct market orders. As for the platform, it's none other than the legendary MetaTrader 4. With a touch of pride, they claim to have served more than 600,000 traders across 100 countries. Want to see if Axi's trading environment lives up to its claims？ Time for some exploration!

Pros & Cons

Taking a look at Axi, we spot its share of upsides and downsides. Let's start with the bright side, it's got the backing of multiple solid financial authorities, a bunch of instruments you can trade, and they let you practice with demo accounts. Plus, they've got this MT4 platform thing going and some handy tools to help you trade smarter. They even speak different languages for customer support, and moving money in and out is easy, with no extra charges from them.

Now, here's the catch: Axi only works with investors from Australia and New Zealand. And, well, there've been a few stories about people having trouble with their money or some shady stuff.

Axi Overview

What is Axi ？

Axi (formerly AxiTrader) was founded in 2007 in Sydney, Australia, and has since expanded its presence to include offices in other regions, including Europe and the Middle East. AxiTrader welcomes all kinds of traders. If you're new and want to start without spending much, the $0 minimum deposit and easy platform are great. If you're more experienced, you'll like the many options to trade, good spreads, and quick execution. And for those inclined towards advanced features, Axi's ECN system and MetaTrader 4 platform are a notable combination.

Is Axi legit？

Considering the pivotal aspect for brokers, that is regulation, it's indeed comforting to note that AxiTrader is under the oversight of regulatory bodies from four distinct nations. Among them, the UK's FCA and Australia's ASIC stand out as internationally acknowledged tier-1 regulatory authorities.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	Axi FINANCIAL SERVICES PTY LTD	Market Making (MM)	318232
	FCA	Axi Financial Services (UK) Limited	Market Making (MM)	466201
	FMA	Axi FINANCIAL SERVICES PTY LTD	Straight Through processing (STP)	518226
	DFSA	Axi Financial Services Pty Ltd	Retail Forex	F003742

Advancing further, let's undertake a more detailed exploration of the regulatory licenses secured by Axi.

Axi's Australian entity, Axi FINANCIAL SERVICES PTY LTD, is regulated by ASIC under regulatory license number 318232, holding a license for Market Making (MM）.

Notably, this license's credibility gains support from WikiFX's investigators. They physically traveled to the institution's registered address for thorough verification. At Level 10, 90 Arthur Street, North Sydney, NSW 2060, Australia, they found a functioning office, confirming the broker's operational status and significant scale. Behold, an image capturing the tangible office space of this company.

In addition to being regulated by ASIC, this entity is also regulated by the FMA in New Zealand, with regulatory number 518226, holding a license for Straight Through processing (STP).

Now, let's examine the third license. Axi's UK branch, known as Axi Financial Services (UK) Limited, is overseen by the FCA and has been granted regulatory license number 466201. This license permits them to engage in Market Making (MM) activities as well.

Lastly, Axi also follows regulations from the DFSA in the United Arab Emirates under regulatory number F003742, authorized for Retail Forex activities.

Market Instruments

Trading Assets	Available
Forex
Shares
Indices
Commodities
Cryptocurrencies
ETFS
Stocks
Options

Axi (formerly AxiTrader) gives you access to about 220 trading choices across 5 categories: forex, shares, indices, commodities, and cryptocurrencies. Yet, there are also other popular picks for trading, like ETFs, stocks, and options.

Account Types

AxiTrader offers three account types tailored to different trading needs, namely Standard, Pro, and Elite. The Standard Account has no setup cost and starts with spreads from 0.9 pips. The Pro Account tightens those spreads to 0.0 pips with a $7 round trip commission, while the Elite Account, designed for advanced traders, features 0.0 pips spreads and a reduced $3.50 round trip commission. All accounts support trading from 0.01 lots, mobile trading, and include MT4 NexGen. Leverage reaches up to 500:1, and you can choose base currencies among AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. For the Elite Account, a minimum deposit of USD 25,000 is required.

Demo Trading

Also, Axitrader gives users free demo accounts that last for 30 days and include $50,000 in virtual funds. Demo accounts offered by Axitrader shine in these areas:

• Practice Trading: You get $50,000 in virtual money to practice trading however you like.

• Personal Support: You'll have a dedicated Account Manager and support available 24/5 to help you.

• Real-Time Info: You can see live spreads on the popular trading platform, MT4.

• Live-Like Demo: The MetaTrader 4 Demo account mimics the real market, so you can practice effectively.

• Switch to Real: When you're ready, you can turn your demo account into a real one by funding it.

• Currency Options: You can choose your account's base currency from options like AUD, EUR, GBP, USD, CHF, and PLNX.

However, base currency cannot be changed once created.

Lastly, they even offer special Islamic trading accounts for Muslim traders that follow Shariah law.

Leverage

The leverage offered by AxiTrader is capped at 500:1. This means that traders can open positions with a much larger amount than their initial investment. However, high leverage can also lead to significant losses if the trade does not go as expected. Traders should exercise caution and use proper risk management strategies when trading with high leverage. Axi provides educational resources and tools to help traders understand the risks associated with leverage and how to manage them effectively.

Spreads & Commissions

Spreads and commissions with Axi are scaled with the accounts offered. Specifically, the spread starts from 0.4 pips on the Standard account, and 0.0 pips on the Pro and Elite account.

As for the commission, there is no commission on the Standard account, a commission of $7 round trip on the Pro account, and $3.5 round trip on the Elite account.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: Spread and commission information is subject to change, and the above table reflects the data available at the time of writing. Please always check with the broker for the most up-to-date information.

Trading Platforms

Axi offers traders the popular MetaTrader 4 (MT4) platform for desktop, mobile, and web. MT4 is a widely used platform that offers a wide range of charting and technical analysis tools, customizable indicators, and the ability to use automated trading strategies through Expert Advisors (EAs). The MT4 platform is available for download on PC and Mac computers, as well as on mobile devices for both iOS and Android.

Additionally, Axi offers the MT4 WebTrader, which allows traders to access the platform directly from their web browser without the need for any downloads or installations.

Overall, the availability of MT4 on multiple devices and the option to use EAs makes it a popular choice among traders.

Available Devices	PC, Mac, Mobile ( OS and Android)
Language	English
Scalping
Hedging
Automated Trading
One-click Execution
Web-based Trading
Mobile Trading
MT5
cTrader
Proprietary Platform

Trading Tools

There are a range of trading tools designed to enhance the trading experience for its clients. These include Myfxbook Autotrade, which allows traders to follow and copy the trades of successful traders, MT4 signals which provide real-time trade ideas and analysis, MT4 VPS hosting which offers a dedicated virtual private server to ensure optimal performance and minimal downtime.

Additionally, the broker offers a suite of calculators to help traders with their risk management and trade analysis, such as Profit/Loss Calculator, Pip calculator, and Currency converter. These trading tools can be very helpful for traders to better understand their trades and manage their risk effectively.

Deposits & Withdrawals

Axi minimum deposit vs other broker.

AxiTrader stands out from other brokers as they don't require any money to start trading. Here's why it matters:

• Easy Access: With no minimum deposit, anyone can join and trade. You don't need a lot of money upfront.

• Less Risk: Starting with $0 means you're not risking much. It's great for beginners or anyone cautious about investing.

• You Decide: You're in control. You can put in as much as you're comfortable with.

• No Pressure: You don't feel pushed to deposit a certain amount. It's more relaxed and beginner-friendly.

• Learn and Experiment: You can try different strategies and learn without needing a big investment upfront.

Axi welcomes traders to fund their accounts through the following payment methods: credit/debit cards, POLi and Bank Transfers, Skrill, Neteller, Fasapay, POLi, Cryptos, with no fees charged by Axi for any payment method. However, traders should be aware that some international banking institutions may charge fees for transfers, for which Axi accepts no responsibility.

Please also note that payments to Axi via credit/debit cards may be viewed as a cash advance by some banks, potentially incurring additional fees. Deposits made via credit/debit cards and POLi are processed instantly, while bank transfer deposits and withdrawals can take 1-3 business days to be processed.

Payment Methods	Currencies	Minimum Deposit	Minimum Withdrawal	Fee	Time
	AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD	5 USD	N/A	Free*	Instant
	AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD	5 USD	N/A	Free*	Instant
	CAD, EUR, GBP,PLN, USD	5 USD	5 USD	Free*	Instant
	AUD, CAD, CHF, EUR, GBP,HKD, JPY, NZD, SGD, USD	N/A	50 USD	Free	1-3 days
	AED, CAD, EUR, GBP,INR, USD	5 EUR	5 USD	Free	1-3 days
	Vary depending on countries			Free	1-3 days
	IDR, USD	5 EUR	5 USD	Free	1-3 days
	N/A	30 USD	50 USD	Free	1-3 days
	N/A	30 USD	50 USD	Free	1-3 days
	BRL	50 BRL	N/A	Free	Up to 12hrs
	AUD	5 AUD	N/A	Free	Instant

Remember, these fees can change and might be different based on how you're making the payment. To stay updated, it's a smart move to reach out to the broker and get the most recent fee details before you decide to deposit or withdraw any funds.

Customer Support

Axi's customer service is comprehensive and available 24/5 in multiple languages, with live chat, phone, email, WhatsApp, and a help center. This means that clients can easily get in touch with the Axi support team whenever they need assistance or have any questions. The availability of multiple communication channels ensures that clients can choose the most convenient way to contact support.

Additionally, the Help Center offers a range of resources and frequently asked questions that can help clients find answers to their questions quickly and efficiently.

Overall, Axi's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Education

Axi makes learning easy with a variety of educational resources. If you're using the MT4 platform, their step-by-step video tutorials are there to guide you. They also offer Free eBooks, covering everything from basics to advanced topics. Stay updated on market trends through the Axi Blog, which features expert insights and daily analysis. For structured learning, the Axi Academy provides courses on forex, technical analysis, and risk management. If you're diving into cryptocurrencies, the Crypto Glossary will help you grasp the terms.

Educational Contents	Offered
MT4 Video Tutorials
eBooks
Blog
Axi Academy
Crypto Glossary
Trading Glossary
Webinars

Conclusion

All things considered, Axi is a well-regulated and reputable broker that offers a wide range of markets and instruments for trading, including forex, shares, indices, commodities, and cryptocurrencies. They also offer multiple account options, free demo accounts, and leverage up to 500:1. In addition, their MT4 trading platform is robust and feature-rich, with various tools and resources to support traders.

However, there have been reports of issues with withdrawals and scams. Overall, Axi is a good choice for experienced traders (Australian and New Zealand residents only) who are looking for a diverse range of trading opportunities and who prioritize a broker's reputation and regulation.

Frequently Asked Questions (FAQs)

Q1: Is AxiCorp regulated？

A1: Yes. It is regulated by Australia Securities & Investment Commission (ASIC).

Q2: Does Axi accept US investors？

A2: No, Axi does not accept US investors.

Q3: Does AxiCorp offer demo accounts？

A3: Yes, demo accounts are available.

Q4: Does Axi offer the industry-standard MT4 & MT5？

A4: Yes. Axi only supports MT4.

Q5: What is the minimum deposit for AxiCorp？

A5: There is no minimum initial deposit requirement.

Q6: Is AxiCorp a good broker for beginners？

A6: Yes. AxiCorp is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement and competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

Overview of CXC

CXC is a trading platform known as CXCMarkets and Tech-FX, which recently underwent a brand merger and upgrade. However, it's important to note that CXC is not regulated by any financial regulatory authority, which means there is no government oversight or customer protection. This lack of regulation poses a higher risk of fraud or financial losses for traders.

CXC offers a range of market instruments, including forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs. Forex currency pairs allow traders to speculate on exchange rate fluctuations, while precious metals and cryptocurrencies provide opportunities to benefit from price movements and global events. Stock index CFDs offer exposure to broader market trends.

CXC provides different account types, such as the Micro Account, Zero Account, and Standard Account, each with its own features and benefits. The leverage offered by CXC is up to 1:1000, allowing traders to control larger positions with a smaller initial investment. Spreads and commissions vary across account types, and the minimum deposit starts at $100 for the Micro Account.

CXC offers the MetaTrader 4 platform and a web trader platform for trading activities. Customer support is available online through email, but no telephone number is provided for inquiries. Reviews about CXC are mixed, with some users expressing satisfaction with trading conditions and others reporting server issues and problems with payments.

In conclusion, CXC is an unregulated trading platform that offers various market instruments and account types. Traders should be cautious due to the lack of regulation and the associated risks. It's advisable to consider other factors and conduct thorough research when evaluating a broker.

Pros and Cons

CXC, operating as CXCMarkets and Tech-FX, presents a range of pros and cons for potential traders to consider. On the positive side, CXC offers a diverse selection of market instruments and different account types, along with leverage of up to 1:1000. Traders can access MetaTrader 4 and a web trader platform, benefiting from online customer support available around the clock. Additionally, CXC provides various deposit and withdrawal methods, accommodating different trader preferences. However, there are significant drawbacks to consider. Notably, CXC lacks regulation from any financial authority, increasing the risk of fraud or financial losses. Additionally, the absence of an official website raises transparency concerns, limiting access to essential information. Mixed user reviews and a suspicious regulatory license further contribute to the overall evaluation of CXC's potential as a reliable broker.

Is CXC Legit？

CXC. is not regulated by any financial regulatory authority. This means that there is no government agency that oversees CXC.'s activities or protects its customers. As a result, there is a higher risk of fraud or other financial losses when trading with CXC.

Market Instruments

CXC Markets is a trading platform that offers a variety of market instruments for investors. These instruments include forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs.

FOREX CURRENCY PAIRS: CXC Markets provides trading services for forex currency pairs. Forex, also known as foreign exchange, involves the buying and selling of different currencies. Traders can speculate on the exchange rate fluctuations between currency pairs, such as EUR/USD or GBP/JPY. The forex market is known for its high liquidity and round-the-clock trading, allowing investors to take advantage of global economic trends.

PRECIOUS METALS: CXC Markets also offers trading opportunities in precious metals. Precious metals, including gold, silver, platinum, and palladium, are valued for their rarity and industrial uses. Traders can speculate on the price movements of these metals, taking advantage of market fluctuations and global events that impact supply and demand. Precious metals are often considered a safe haven investment during times of economic uncertainty.

CRYPTOCURRENCY: CXC Markets enables trading in cryptocurrencies, which are digital or virtual currencies. Cryptocurrencies like Bitcoin, Ethereum, and Litecoin have gained significant popularity in recent years. Traders can participate in the price movements of cryptocurrencies, taking advantage of their volatility. Cryptocurrency markets operate 24/7 and provide opportunities for both short-term trading and long-term investment.

STOCK INDEX CFD: CXC Markets offers trading in stock index contracts for difference (CFD). A stock index represents the performance of a group of stocks from a specific market or sector. With stock index CFDs, traders can speculate on the price movements of the entire index without owning the underlying assets. This allows for greater ability to take both long and short positions. Stock index CFDs provide exposure to broader market trends and are popular among traders seeking diversification.

Account Types

CXC offers a range of account types to cater to the diverse needs of traders. These accounts include the Micro Account, Zero Account, and Standard Account. Each account type has its own unique features and benefits.

MICRO ACCOUNT:

The Micro account offered by CXC is designed for traders who prefer smaller trading volumes. With a maximum leverage of 1:500, traders can amplify their trading positions. The minimum deposit required for this account is 10,000 JPY, and the minimum spread starts from 1.3 pips. Traders can trade various products, particularly focusing on currency trading. The minimum position size is 0.01 lots, and the account supports the use of Expert Advisors (EAs). CXC provides deposit and withdrawal methods for this account type, although specific methods are not mentioned. No commission is charged for trades executed in the Micro account.

ZERO ACCOUNT:

With a maximum leverage of 1:500, traders can have increased trading power. The minimum deposit required for this account is 100 USD, and the minimum spread starts from 0 pips. Similar to the Micro account, traders can access a wide range of products, mainly focusing on currency trading. The minimum position size is 0.01 lots, and Expert Advisors (EAs) are supported. Traders using the Zero account will be charged a commission of 8 USD per trade.

STANDARD ACCOUNT:

The Standard account offered by CXC caters to traders looking for a more flexible trading experience. With a maximum leverage of 1:500, traders can enhance their trading potential. The minimum deposit required for this account is 100 USD, and the minimum spread starts from 1.3 pips. Traders can access a variety of products, particularly focusing on currency trading. The minimum position size is 0.01 lots, and the account supports the use of Expert Advisors (EAs). No commission is charged for trades executed in the Standard account.

Leverage

Leverage refers to the borrowing of funds to increase the potential return on an investment. CXC Markets offers a maximum leverage of 1:1000 for forex trading, which provides traders with the opportunity to control larger positions with a smaller initial investment. This high leverage allows traders to potentially magnify their profits.

Spreads & Commisions

CXC offers varying spreads and commission structures across its account types. The Micro Account has a minimum spread of 1.3 pips with no commission, while the Zero Account provides spreads starting from 0 pips but charges a commission of 8 USD per trade. The Standard Account also has a minimum spread of 1.3 pips but does not charge any commission. Traders can choose the account type that aligns with their trading preferences and cost considerations.

Minimum Deposit

The Trading Platform offered by CXC provides an accessible and user-friendly interface for traders. It caters to various account types, with the minimum deposit set at $100 for the Micro account. The platform ensures that traders can engage in their preferred trading activities. Additionally, different account tiers are available, requiring deposits of $500, $1,000, and $10,000, respectively, offering a range of options to suit individual trading preferences.

Deposit & Withdrawal

Deposit and withdrawal options at CXC Markets are straightforward but limited. Traders can fund their accounts using two main methods: bank cards and Bitwallet, which includes cryptocurrencies such as Bitcoin, Litecoin, and Ripple. While these options provide a means of transferring funds, it is important to note that using cryptocurrencies for funding comes with inherent risks. Unlike traditional payment methods, such as bank cards, there is no possibility of initiating a chargeback in case of an issue or error. Therefore, caution should be exercised when choosing to use cryptocurrencies for depositing and withdrawing funds from CXC Markets.

Trading Platforms

CXC Markets offers a range of trading platforms to meet the diverse needs of its users.

META TRADER 4 PLATFORM: CXC Markets provides access to the MetaTrader 4 trading platform, a highly regarded and widely used platform in the brokerage industry. This platform offers numerous trading tools and instruments that enhance the trading experience. Some notable features include a financial calendar, virtual private server (VPS) capabilities, trading signals (available for a subscription fee), a code base with customizable scripts, and a demo account for practice.

WEB TRADER: In addition to MetaTrader 4, CXC Markets also offers a web trader platform. This web-based platform allows traders to access their accounts and execute trades directly through a web browser. It provides an option for traders who prefer not to download and install trading software on their devices. The web trader platform offers similar functionality to the MetaTrader 4 platform, allowing for seamless trading experiences.

Pros and Cons

Customer Support

CXC Markets provides customer support through various channels to cater to the needs of their clients. Their online support is available 24/7, 365 days a year, and can be accessed in multiple languages such as Japanese, English, French, Chinese, and Korean. Clients can reach out to them via email at support@cxcmarkets.com. However, they do not provide a telephone number for customer inquiries. This approach ensures that clients can easily communicate with CXC Markets and receive assistance promptly.

Reviews

Based on the reviews on WikiFX, there are mixed opinions about CXC. One user expressed satisfaction with the various trading conditions provided by CXC, such as a wide variety of trading products, high leverage of up to 1:1000. They were eager to open a demo account and potentially invest in instruments offered by the broker. However, another user had a negative experience, mentioning server issues that resulted in missed profits. They suspected intentional server shutdowns or problems with payment orders. It is important to note that these reviews reflect individual experiences and should be considered alongside other factors when evaluating a broker.

Conclusion

In conclusion, CXC is a trading platform that offers various market instruments such as forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs. However, it is important to note that CXC is not regulated by any financial regulatory authority, which means there is no government oversight or customer protection. This lack of regulation increases the risk of fraud or financial losses for traders. While CXC provides different account types with features like leverage and low spreads, the limited deposit and withdrawal options and mixed user reviews raise concerns about the reliability and quality of their services. Traders should carefully consider these factors and exercise caution when dealing with CXC.

FAQs

Q: Is CXC a regulated broker？

A: No, CXC is not regulated by any financial regulatory authority, which increases the risk of trading with them.

Q: What market instruments are available on CXC？

A: CXC offers trading in forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs.

Q: What are the account types offered by CXC？

A: CXC offers Micro, Zero, and Standard accounts, each with its own features and benefits.

Q: What is the maximum leverage offered by CXC？

A: CXC provides a maximum leverage of 1:1000 for forex trading.

Q: What are the deposit and withdrawal methods supported by CXC？

A: CXC supports deposits through bank cards and Bitwallet, including cryptocurrencies like Bitcoin, Litecoin, and Ripple.

Q: What trading platforms are available on CXC？

A: CXC offers the MetaTrader 4 platform and a web trader platform.

Q: How can I contact CXC's customer support？

A: You can contact CXC's customer support through email at support@cxcmarkets.com.