Axi review
Axi is an Australian online forex and CFD broker founded in 2007 as AxiTrader, rebranded to Axi in 2020 following a management buyout from its founder. It operates through several regionally licensed entities, with core products offered through AxiCorp Financial Services Pty Ltd (ASIC, Australia), Axi entities regulated by the FCA (UK), FMA (New Zealand) and DFSA (Dubai), a CySEC-regulated Cyprus entity, and an offshore St Vincent & the Grenadines entity that is not regulated by a recognised authority. The company has a public regulatory history worth noting: New Zealand's FMA suspended its derivatives licence in 2019 over compliance breaches (reinstated 2021), and ASIC suspended its Australian licence in 2020 over client-money reporting failures, settled in 2021 with added licence conditions. Axi is led by CEO Rajesh Yohannan and is known for high-profile sponsorships including Manchester City F.C.
Axi key facts
- Website: www.axi.com
- Category: Forex/CFD broker
- Founded: 2007 (as AxiTrader; rebranded to Axi in 2020)
- Headquarters: Sydney, Australia
- Regulation: ASIC (Australia), FCA (UK), FMA (New Zealand), DFSA (Dubai), CySEC (Cyprus, as Solaris EMEA Ltd); SV&G entity unregulated
- CEO: Rajesh Yohannan
- Platforms: MetaTrader 4, proprietary ATP app, copy-trading app
- Markets: 280+ instruments: forex, commodities, share CFDs, indices, crypto, futures
- Leverage: Up to 1:30 under Tier-1 regulators; up to 1:500 via FMA/VFSC-linked entities
- CEO: Rajesh Yohannan
- FYI Score: 88/100 (ranked #71 of the CFD brokers we track)
Regulation & licences
- AxiCorp Financial Services Pty Ltd is licensed by Australia's ASIC, Axi's home regulator and largest entity.
- Separate group entities are regulated by the UK's FCA, New Zealand's FMA, and Dubai's DFSA; the Cyprus entity trades as Solaris EMEA Ltd under CySEC, an EU passporting route.
- AxiTrader Limited, incorporated in St Vincent & the Grenadines, is not regulated by a recognised financial authority and instead relies on membership of The Financial Commission, a private dispute-resolution body rather than a statutory regulator.
- New Zealand's FMA suspended AxiCorp's derivatives issuer licence in 2019 over compliance breaches, reinstating it in 2021; ASIC separately suspended AxiCorp's Australian Financial Services licence in 2020-21 over client-money reporting failures, resolved by settlement with additional licence conditions. The FCA also warned in 2023 about unauthorised clone firms impersonating the Axi name.
Spreads & fees
- Standard account: commission-free, floating spreads from around 0.9 pips on EUR/USD.
- Pro account: spreads from around 0.1 pips plus a roughly $7 per lot round-turn commission.
- Elite account: requires a $25,000 minimum deposit, includes free VPS hosting.
- A monthly inactivity fee (reported around $10) applies after 12 months without a trade; swap charges apply unless a swap-free (Islamic) account is used.
Platforms & tools
- MetaTrader 4 on desktop, web and mobile is Axi's core execution platform; MT5 support was added to the Axi Select funded-trader programme in 2025.
- Axi Trading Platform (ATP), a proprietary web app for account management.
- A dedicated copy-trading app for mirroring other traders.
- Third-party research tools including Autochartist and Trading Central are integrated for account holders.
Markets & instruments
- 280+ tradable instruments: 69 currency pairs, 142 share CFDs, 17 indices, 35 cryptocurrencies, 21 futures contracts and 9 commodities.
- IPO trading access, letting clients take positions around new company listings, a less common feature among retail CFD brokers.
- Leverage up to 1:30 under Tier-1 regulators (ASIC, FCA), rising to as much as 1:500 via the FMA and Vanuatu (VFSC)-linked entities.
- 11 base account currencies supported.
Account types
- Standard and Pro accounts, no minimum deposit, differentiated by spread/commission structure.
- Elite account, $25,000 minimum, adds free VPS hosting for algorithmic/high-frequency setups.
- Islamic (swap-free) accounts available across account types.
- Axi Select, a funded/sponsored-capital programme for evaluated traders, separate from the standard retail accounts.
Markets
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Platforms
MetaTrader 4, Axi Trading Platform (ATP), Axi Copy Trading
Who Axi is for
Axi suits forex/CFD traders who want ASIC- or FCA-level oversight with a no-minimum-deposit entry point, and who value its broader instrument range and IPO access. Traders chasing the highest leverage would need to check which entity and jurisdiction they are actually onboarded under, since protections differ materially by entity.
Pros
- Genuine Tier-1 regulatory coverage through ASIC (Australia) and FCA (UK) entities, alongside FMA and DFSA licences elsewhere.
- No minimum deposit on Standard/Pro accounts and a wide instrument range (280+) including less-common IPO trading access.
- Established history since 2007, under new ownership and management since a 2020 buyout.
- High-profile sponsorships (Manchester City F.C., Girona FC) that signal marketing scale for a broker of this size.
Cons
- Public regulatory history includes a 2019-21 New Zealand FMA licence suspension and a 2020-21 ASIC Australian licence suspension over client-money reporting, both since resolved but worth knowing when assessing the brand's compliance track record.
- One group entity (AxiTrader Limited, St Vincent & the Grenadines) is not regulated by a statutory authority, relying instead on a private dispute-resolution membership rather than government oversight.
- MetaTrader 4 is Axi's only full-featured desktop platform; third-party reviewers describe it as dated relative to newer platform options at other brokers.
- The FCA has separately warned about clone firms impersonating the Axi brand, a reminder to verify which legal entity and domain a client is actually dealing with.
Axi FAQ
Is Axi the same company as AxiTrader?
Yes. The broker operated as AxiTrader from its 2007 founding until a 2020 rebrand to Axi, which followed a management buyout that shifted ownership away from the original founder.
Is Axi regulated?
Its main entity, AxiCorp Financial Services Pty Ltd, is licensed by Australia's ASIC. Separate group entities hold licences from the UK's FCA, New Zealand's FMA, Dubai's DFSA and Cyprus's CySEC (trading as Solaris EMEA Ltd). One entity, AxiTrader Limited in St Vincent & the Grenadines, is not regulated by a statutory authority.
Has Axi had regulatory problems?
Yes, and they are publicly disclosed. New Zealand's FMA suspended AxiCorp's derivatives issuer licence in 2019 over compliance breaches, reinstating it in 2021. ASIC suspended AxiCorp's Australian Financial Services licence in 2020-21 over client-money reporting failures; the matter was resolved by settlement in 2021 with additional licence conditions imposed.
Who runs Axi?
Rajesh Yohannan is CEO. The company has operated under new management since a 2020 buyout that also produced the rebrand from AxiTrader to Axi.
Compare Axi with other CFD brokers
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