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1.39 /10


United Kingdom

2-5 years

Regulated in United Kingdom

Common Business Registration

Global Business

United Kingdom Straight Through Processing(STP) Unsubscribed

Suspicious Overrun

High potential risk


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Quantity 13


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License Index 0.00
Business Index 6.07
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
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VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



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Contact number


+44 203 544 9646


+61 299655830

Broker Information


Company Name

Axi Financial Services (UK) Limited

Company Abbreviation


Platform registered country and region

United Kingdom

Company website



Pyramid scheme complaint


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Warning: Low score, please stay away! 5
Previous Detection : 2023-06-09
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Unable to withdraw

Do not even withdraw the principle

It is hard to withdraw the principle. the difference of exchange rate of usdt is very high. It is such a fraud platform.

2021-11-19 15:05

Axi deducted rollover and bonus without my permission, making positions wiped out. And then the market became better

1: The crude oil was invested since December 21. The next day I saw that their rollover was -23 pips for long orders and 20 pips for empty orders, so I specifically consulted the customer service of the platform's official website. The customer service said that the overnight fee is Normal (there are screenshots showing the overnight fee of MT4 software and screenshots of consulting customer service) 2: After confirming that the overnight fee is correct, I re-operated the crude oil empty order on December 22 and held the position until January 4 for a total of 14 days , And a part of it slowly increased in the middle 3: On January 4, the platform privately deducted all the overnight interest and bonus I received, which caused the account to be directly liquidated at the high position of crude oil, and then the crude oil began to plummet 4: Contact the platform, the platform said they set the wrong crude oil overnight fee, so they have to deduct it (I have been operating the crude oil for half a month and they did not realize the error, just when the crude oil new high was deducted and the position could be liquidated. Deductions will not be liquidated at any time within half a month. Only on January 4th, is there such a coincidence?) 5: Let’s take a step back. Even if they set the wrong settings, it’s completely their own problems. Their mistakes have seriously affected my judgment of operation (for other varieties, I usually do short-term operations in Weicang because of customer service. It is said that the overnight fee is normal, so I placed a heavier list on crude oil to prepare for the midline) 6: Regarding the bonus issue, the platform said that the bonus cannot carry losses. When the net value is lower than the credit limit, the bonus will be deducted. However, the situation at that time was that my net worth was still about $3,000 after deducting the overnight fee. (Initially deposit 7990, bonus 1598), much higher than 1598, did not meet the conditions for deduction of bonus (all transaction records can be checked) 7: Don’t let customers pay for platform errors

2021-01-18 12:12
    Axi · Company summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    Axi Review Summary in 10 Points
    Founded 2007
    Headquarters Sydney, Australia
    Regulation FCA (unsubscribed)/ ASIC (exceeded)
    Market Instruments Forex, share CFDs, indices, commodities, precious metals, oil
    Demo Account Available
    Leverage 1:30 for retail/1:400 for pro
    EUR/USD Spread 1.2 pips
    Trading Platforms MT4
    Minimum deposit $0
    Customer Support 24/5 multilingual live chat, phone

    What is Axi?

    Axi is a forex and CFD broker that offers online trading services to retail and institutional clients. The company was founded in 2007 and is headquartered in Sydney, Australia. Axi provides its clients with access to a range of financial instruments, including Forex, share CFDs, indices, and commodities. Currently its not under any valid regulations, so please pay attention to possible risks.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Axi's website

    Pros & Cons

    Axi has several advantages, such as a wide range of market instruments, MT4 trading platform, and no minimum deposit requirement. However, there are also some drawbacks, including no valid regulatory license and too many negative reviews from their clients complaining that they are unable to withdraw.

    Pros Cons
    • Wide range of trading instruments • Unsubscribed FCA license and exceeded ASIC license
    • MT4 trading platform supported • Many negative reviews from their clients
    • No minimum deposit requirement
    • Demo accounts available
    • Copy trading feature
    • No deposit or withdrawal fees

    It's important to note that this table is not exhaustive and there may be additional pros and cons to consider when evaluating Axi as a potential broker.

    Axi Alternative Brokers

      There are many alternative brokers to Axi depending on the specific needs and preferences of the trader. Some popular options include:

      • XM - offers a wide range of financial instruments, a variety of account types, and a user-friendly platform with low trading costs.

      • Trade Nation - offers commission-free trading, negative balance protection, and an easy-to-use platform, making it a good choice for beginner traders.

      • DBG Markets - offers competitive spreads, a variety of account types, and multiple trading platforms, making it a suitable choice for traders of different levels and preferences.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is Axi Safe or Scam?

    It is concerning that Axi does not currently hold a valid regulatory license, and the fact that their Financial Conduct Authority FCA license is unauthorized and Australia Securities & Investment Commission ASIC license is exceeded does not inspire confidence in their compliance with regulatory standards.

    While Axi claims to offer segregated funds, it is important to note that this alone is not a guarantee of safety, as there have been cases in the past where even regulated brokers have misused client funds. Therefore, it is important to exercise caution when dealing with Axi, and to carefully consider the risks before deciding to trade with them.

    Market Instruments

    Axi offers a diverse range of over 130 financial products that cater to the needs of traders and investors. This includes major and minor forex pairs, share CFDs from some of the world's biggest stock markets, indices from around the globe, commodities such as gold, silver, and oil, as well as a variety of other precious metals. With a wide range of products to choose from, Axi provides traders with the opportunity to diversify their portfolio and take advantage of different market conditions, whether it's through short-term trading or long-term investing strategies.

    Market Instruments


    Demo Account: Axi provides a demo account that allows you to try out the financial markets without the risk of losing money.

    Live Account: Axi offers a total of 3 account types: Standard, Pro and Elite. Standard and Pro accounts are suitable for all clients, while Elite account is Professional clients only. There is no minimum deposit requirement for Standard and Pro accounts, while $25,000 for Elite accounts. If you are still a beginner and don't want to invest too much money in Forex trading, a Standard account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

    Islamic (swap-free) accounts are also available.

    Account Types


    Axi offers competitive leverage for both retail and professional clients. Retail clients can access up to 30:1 leverage, which allows them to control a larger position with a smaller amount of capital. Meanwhile, professional clients can access even higher leverage of up to 400:1, which may provide more flexibility for experienced traders.

    It is important to note, however, that trading with high leverage can also increase risk, so clients should carefully consider their trading strategy and risk management before taking advantage of Axi's leverage offerings.

    Spreads & Commissions

    Spreads and commissions vary based on the account type and instrument being traded. Standard accounts have spreads starting from 0.4 pips and do not have any commission fees. Pro accounts have raw spreads starting from 0.0 pips with a commission of $7 per round trip. Elite accounts also have raw spreads starting from 0.0 pips, but with a reduced commission of $3.5 per round trip.


    It's worth noting that the spreads and commissions may differ based on the trading instrument being used, so it's important to check the relevant information before trading.

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

    Broker EUR/USD Spread Commission
    Axi From 0.4 pips Free (Std)
    XM From 0.6 pips Free
    Trade Nation From 0.6 pips Free
    DBG Markets From 0.0 pips Free (Pro)

    Note that the spreads and commissions may vary depending on the account type and trading instrument.

    Copy Trading

    Axi's Copy Trading service, provided in collaboration with London & Eastern LLP, offers clients a straightforward way to identify and replicate successful traders' strategies. This service doesn't involve a managed fund, giving clients the flexibility to manage their risk as they see fit. The Copy Trading app allows clients to select from a pool of experienced traders to follow, analyze their performance and risk metrics, and automatically replicate their trades in real-time.

    Copy Trading

    Trading Platforms

    Axi provides its clients with a choice of popular and user-friendly trading platforms, including the MetaTrader 4 (MT4) platform for PC, Mac, Android, and iPhone, as well as the WebTrader platform. These platforms offer a wide range of trading tools, indicators, and charting options, as well as the ability to customize and automate trading strategies using Expert Advisors (EAs).

    The MT4 platform is especially popular among traders due to its robust features, reliability, and ease of use. Additionally, the WebTrader platform allows for trading directly from a web browser, making it convenient for those who prefer to avoid installing software on their devices.

    MT4 for PC & Mac
    MT4 for Android & iPhone
    MT4 WebTrader

    See the trading platform comparison table below:

    Broker Trading Platforms
    Axi MT4, WebTrader
    XM MT4, MT5, WebTrader
    Trade Nation Proprietary platform
    DBG Markets MT4, MT5, WebTrader

    Trading Tools

    Axi provides various trading tools to help traders in their decision-making process. These tools include a Profit/Loss Calculator, which can help traders calculate potential gains or losses before opening a position. The Pip Calculator is also available to calculate the value of a pip, which is a unit of measurement used in Forex trading. Additionally, Axi offers a Currency Converter to help traders quickly convert one currency into another. These trading tools are available for free on Axi's website and can be useful for traders of all levels.

    Trading Calculators

    Deposits & Withdrawals

    Axi accepts a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank transfers, e-wallets like Neteller and Skrill, and various local payment options like PIX, Boleto, and AstroPay.

    The minimum deposit and withdrawal amounts vary depending on the chosen payment method.

    Axi minimum deposit vs other brokers

    Axi Most other
    Minimum Deposit $0 $100

    Axi does not charge any fees for deposits or withdrawals. Most deposits are processed instantly, and withdrawals are typically processed within 1-3 business days. Overall, Axi's deposit and withdrawal options are convenient and diverse, allowing traders to choose the method that best suits their needs.

    Deposits & Withdrawals


    Apart from the spreads and commissions that we have mentioned above, there are no fees for deposits or withdrawals, but some payment methods may charge their own fees. Additionally, Axi does not charge any inactivity fees or account maintenance fees.

    See the fee comparison table below:

    Broker Deposit Fee Withdrawal Fee Inactivity Fee
    Axi Free Free No
    XM Free Free $5/month after 90 days of inactivity
    Trade Nation Free Free No
    DBG Markets Free Free No

    Note that fees are subject to change and may vary depending on the account type and payment method used. It is recommended to check with the broker directly for the most up-to-date and accurate fee information.

    Customer Service

      Below are the details about Axi's customer service.

      • Languages: English, Chinese, Arabic, German, Spanish, Italian, Russian, Polish, Vietnamese, Korean

      • Service Hours: 24/5

      • Phone: UK: +44 203 544 9646, Int: +61 2 9965 5830

      • Address: Axi Financial Services (UK) Limited, 1 Finsbury Market, London, EC2A 2BN, United Kingdom

    Pros Cons
    • 24/5 multilingual customer support available through multiple channels • No 24/7 customer support
    • Fast response times to customer inquiries
    • Transparent and informative Help Center

    Note: These pros and cons are subjective and may vary depending on the individual's experience with Axi's customer service.


    A variety of educational resources are available at Axi to help traders enhance their knowledge and skills. They offer seminars, webinars, articles, eBooks, market analysis, and trading education to help traders stay up to date with the latest market trends and developments. The educational resources cover various topics, including technical analysis, fundamental analysis, risk management, trading psychology, and more. Axi's goal is to empower traders with the knowledge and tools they need to make informed trading decisions and improve their overall trading performance.

    User Exposure on WikiFX

    On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX


    Axi is a well-established online forex and CFD broker with competitive trading conditions, multiple trading platforms, and a range of trading tools and resources. However, Axi currently does not hold any valid regulatory license, which may raise concerns for some traders about the safety and security of their funds. Overall, while Axi has many positive attributes, traders should carefully consider the lack of a valid regulatory license before deciding to trade with the broker.

    Frequently Asked Questions (FAQs)

    Q 1: Is Axi regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: Does Axi offer demo accounts?
    A 2: Yes.
    Q 3: Does Axi offer the industry-standard MT4 & MT5?
    A 3: Yes. It supports MT4.
    Q 4: What is the minimum deposit for Axi?
    A 4: There is no minimum initial deposit requirement.
    Q 5: Is Axi a good broker for beginners?
    A 5: No. It is not a good choice for beginners. It offers demo MT4 accounts though, we dont advise any traders trade or invest with unregulated brokers.


     Axi makes a partnership with Brazil soccer club Bahia

    News Axi makes a partnership with Brazil soccer club Bahia

    2023-05-08 18:13

    Australia-based retail forex broker Axi has announced that it has become a sponsor and official online trading partner of Brazilian soccer club Esporte Clube Bahia.

    2023-05-08 18:13
     Axi makes a partnership with Brazil soccer club Bahia
     Axi renews its partnership with Manchester City

    Exposure Axi renews its partnership with Manchester City

    2023-03-31 17:28

    Axi has announced an extension of its partnership with Manchester City Football Club.

    2023-03-31 17:28
     Axi renews its partnership with Manchester City
    1 Minute to Know Axi Before Trading

    News1 Minute to Know Axi Before Trading

    2022-05-18 16:48

    Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume. As AxiTrader was founded in 2007 and is based in Australia along with it having offices in London, which were opened in 2012. Axi focuses predominantly on the provision of financial products for retail investors. Axi has more than 40,000 registered traders in over 100 countries and a monthly client trading volume of around $100 billion.

    2022-05-18 16:48
    1 Minute to Know Axi Before Trading


    2022-05-06 15:37

    For those of you who have never heard the name Jason Noah, CEO, and founder of Forex Kings...I hope this piece of writing helps to navigate and illuminate you as to who this young gentleman and forex trader is, as you well know at Wiki FX we strive to go beyond the call of duty and provide our most open and honest opinion about the brokers we visit and forex influencers that are active within the big wide world of trading, we are here to help connect you to the right companies and right mentors to ensure that as many of you achieve the success you dream of, and this article is no different, take a “walk” with me as we get a better understanding of who Jason Noah and Forex Kings are in the South African forex industry.

    2022-05-06 15:37

    User Reviews

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    more than one year
    You can't close spoke with their customer service and they assured me that my withdrawal request would be processed within 24hrs get back never did the chat box is any help they tell me the same thing.
    2023-02-17 14:43
    more than one year
    It was my first time requesting a withdrawal but the problem was that I was told not allowed to withdraw my profits... what should I do now? Any recommendation???
    2022-12-16 18:21
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