Axi review 2026: the multi-regulated forex/CFD broker, tested honestly
Axi has nearly two decades behind it and several serious licences. What matters isn't whether it's a good broker, it's which entity you sign with and what that changes for your protection. We dug into the regulation, the real costs, the platforms and the Axi Select prop program, without glossing over the uncomfortable part: these are leveraged CFDs.
Quick verdict
Axi scores 4.3/5. It's one of the most solid forex/CFD brokers we partner with: founded in 2007, multi-regulated, and it handles clients across 24 EEA countries through a genuine CySEC entity with negative balance protection and investor compensation. The platforms are complete (MT4, MT5, TradingView), copy trading is built in, and Axi Select adds a prop-firm angle few classic brokers offer. It loses points only for what no honest review should hide: leverage is leverage, and most retail traders lose.
Regulation: the entity that actually applies to you
Axi runs several legal entities, one per region: ASIC in Australia, FCA in the UK, DFSA in Dubai, and Solaris EMEA Ltd, regulated by CySEC (licence 433/23), for the European Union. The sign-up link adapts to your country: EU visitors are routed to the CySEC entity (axi-solaris.com), with negative balance protection, segregated client funds and ICF cover up to €20,000. Visitors outside the EU land on the international entity (St Vincent), which offers higher leverage (up to 500:1) but none of that EU protection. Pick with eyes open.
One trap worth knowing: the real Axi is not on any major regulator blacklist, but a copycat called "ax-trading.com" is flagged by France's AMF. Don't confuse the two. The genuine broker is axi.com.
Fees
Two models. The Standard account charges no commission: the cost sits in the spread, from about 0.8 pip on EUR/USD. The Pro (raw/ECN) account drops spreads to 0.0 pip but adds roughly $7 per round-turn lot. For high volume, the Elite account (from $25,000) cuts commission to $3.50/lot. Deposits and withdrawals are mostly free, though watch the $10/month inactivity fee that kicks in after 12 months of dormancy.
Platforms: MT4, MT5 and TradingView
Axi covers MetaTrader 4, MetaTrader 5, and its own platform with TradingView built in. The comfort here is analysing and executing inside the same charting environment you probably already use. Web, iOS and Android apps round it out, and Axi copy trading lets you follow other traders (sort by max drawdown and track record, never by 7-day performance).
Axi Select: the prop-firm angle
This is what sets Axi apart, and it is free to enter: no signup fee, no monthly subscription, just the usual trading costs. Six tiers run from Seed at $5,000 to Pro M at $1,000,000, and the profit split climbs with them: 0%, then 40, 50, 60, 70 and 80% at the top. Qualification takes 20 closed trades, an Edge Score of at least 50 and $500 deposited. Maximum drawdown is 7% per tier and 10% on Pro M, which is where most traders get knocked out. Our risk management guide applies word for word, and the tier-by-tier breakdown against paid-challenge prop firms sits in our dedicated Axi Select review.
Two eligibility rules decide whether any of this is relevant to you. Axi Select is open only to clients of AxiTrader LLC, so clients onboarded through the European CySEC entity are out, and the program is not available to residents of France, French overseas territories, Australia or New Zealand.
Reputation and brand
Axi sits around 4.2/5 on Trustpilot across thousands of reviews, is a member of the Financial Commission for dispute resolution, and is the Official Online Trading Partner of Manchester City (men's and women's teams). A football sponsorship is a marketing and trust signal, not a regulatory guarantee. But combined with the CySEC licence and a clean track record, it suggests a broker betting on long-term credibility rather than a fly-by-night operation.
Who it's for
Choose Axi if you want to trade forex and CFDs under a regulated entity, with MT4/MT5 and TradingView, and possibly test the prop angle via Axi Select. Look elsewhere if you're brand new and just want to buy a bit of crypto. A regulated spot exchange is simpler and lower-risk than a leveraged product. Leverage doesn't just speed up your gains, it speeds up your decisions too, the bad ones as much as the good.
How to open an account
Sign-up is through our official Axi link, which routes you to the entity matching your country (CySEC for the EU). Expect a standard KYC check. Before depositing anything, re-read the warning at the top: roughly 79% of retail accounts lose. Start small, keep risk per position under 1%, and use our risk calculator to size positions.
FAQ
Is Axi regulated?
Yes: ASIC, FCA, DFSA, and CySEC (Solaris EMEA, 433/23) for the EU. Your entity depends on residence; the EU entity adds negative balance protection and ICF cover up to €20,000.
What are Axi's fees?
Standard with no commission (spread from ~0.8 pip), Pro from 0.0 pip + ~$7/round-turn lot, Elite at $3.50/lot from $25,000. Inactivity: $10/month after 12 months.
What is Axi Select?
A free in-house funding program: six tiers from $5,000 to $1M, profit split from 0% to 80%, qualification at 20 closed trades plus an Edge Score of 50 and $500 deposited, drawdown capped at 7% (10% on the top tier). AxiTrader LLC clients only, excluding residents of France, French overseas territories, Australia and New Zealand.
Disclaimer. CFD trading carries a high risk of rapid capital loss due to leverage. 67.24% of retail investor accounts lose money at this provider's European entity, the figure Solaris EMEA publishes on its own site. This article is educational and not investment advice. Affiliate links may compensate us at no extra cost to you and never change our verdict. The entity you sign with and the terms vary by country of residence; do your own research.