Axi

Axi, formerly known as AxiTrader, is an Australian-based forex and CFD broker established in 2007. It holds regulatory licences in Australia (ASIC), the UK (FCA), and Dubai (DFSA), which places it among the more robustly regulated brokers we review.

The broker offers access to a broad range of instruments, including forex, indices, commodities, cryptocurrencies, and some share CFDs. Axi is a MetaTrader-only broker, meaning you’ll be trading on MT4 or MT5, with no proprietary platform currently available. However, the experience is polished and well-supported, especially for traders who prefer the familiarity of MetaTrader.

Axi is one of those brokers that quietly gets a lot of things right. For starters, their regulation is excellent. Traders in the UK and Europe will benefit from FCA oversight, which includes negative balance protection and segregated client funds. This provides added peace of mind, especially for newer traders or those depositing larger sums.

We also appreciate that Axi offers a range of MT4 plugins and tools to enhance the standard platform. These include Autochartist, a sentiment indicator, and VPS support for algorithmic traders. While the broker doesn't offer a Home-Grown platform, it’s clear they’ve invested in making the MetaTrader environment as strong as possible.

Spreads on major FX pairs, such as EUR/USD, are relatively competitive, and the pricing model is transparent. The Pro account option allows access to tighter spreads for a modest commission, while the Standard account includes everything in the spread—making it easy to manage your costs depending on your trading style.

Support is solid, with multilingual assistance and localised options depending on your region. Educational content is well structured, and traders can access webinars, eBooks, and market analysis regularly. Axi also offers copy trading through the PsyQuation and SignalStart platforms, though this isn’t a major part of their value proposition.

Axi is a strong all-rounder, but there are a few areas where they fall behind more modern or aggressively innovative brokers. Most notably, there’s no proprietary trading platform. While many traders are perfectly happy with MetaTrader, some competitors now offer in-house platforms with deeper analytics and more visual polish.

The product range, while decent, is not the most extensive we’ve seen. You’ll find all the core instruments—major FX pairs, gold, oil, indices—but stock CFDs are limited, and there's no real standout offering in any particular asset class. It’s all quite balanced, but nothing really leaps out as best-in-class.

Spreads are variable and can widen during periods of low liquidity or market volatility. While this is common across the industry, it’s worth noting that Axi’s spreads on indices and commodities can sometimes stretch beyond what we consider highly competitive. For example, trading the DAX or Dow during off-peak hours may become noticeably more expensive.

Axi is a solid, well-regulated broker that gets the basics right and offers a reliable experience for serious traders. If you’re someone who prefers to trade on MetaTrader and values strong regulatory protections, Axi is a safe and competent choice. They aren’t the flashiest broker around, but they’re consistent, transparent, and trustworthy.

While there’s no proprietary platform or standout unique feature, Axi's overall package—particularly the strong MT4 support and FCA/ASIC regulation—makes it one of the better traditional brokers in our ranking. It’s a good fit for traders who want a no-nonsense trading environment, especially those focusing on forex and metals.

In short, Axi won’t dazzle you with flashy tech, but if you're after dependability, fair pricing, and regulated safety, they’re a strong choice.