Be aware that this can only be used for deposits, not withdrawals, and can take up to 5 days to reflect in your trading account. Global Collect: This is a service for international bank transfers which allows users with international bank accounts to deposit without having to pay bank fees.Deposits are instant, but withdrawals can take up to three days and there is a minimum withdrawal amount of 5 USD. Malaysian Internet Banking : Axi only accepts MYR deposits and withdrawals from Malaysian online banking services, but charges no fees.There’s is a minimum withdrawal amount of 5 USD for both methods. Neteller/Skrill: Deposits via Neteller and Skrill are instant and free, but withdrawals can take up to 3 days to reflect.Bitcoin : Deposits and withdrawals are free, but there is a minimum withdrawal amount of 5 USD.There is a minimum withdrawal of 50 USD via bank transfer. International bank transfers will take 3-5 business days for the funds to reflect in your account, and may be liable for further bank fees, which will not be covered by Axi.
Bank Transfer – Deposits and withdrawals are free via bank transfers but can take up to three days to reflect.Debit and Credit Cards – Deposits with debit and credit cards will fund your account instantly, but withdrawals are not available.Be aware that you will pay a conversion fee if the base currency of your account is anything other than your deposit currency.Īll deposits and withdrawals are free of charge, and you can fund your account via: Note that Axi does not allow any withdrawals by credit/debit card.īase Currencies : Axi allows deposits and withdrawals in most common currencies, including MYR from Malaysian online banking and Skrill. It also charges no fees for deposits or withdrawals via any method, a rare feature amongst Forex brokers.Ī well-regulated broker, Axi ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Elite account-holders also have access to exclusive market analysis, free VPS services, and specialised trading tools.Īxi has many funding methods, including Malaysian internet banking in MYR. It has a minimum deposit of 25,000 USD, spreads that start at 0.0 pips on the EUR/USD, and a commission of only 3.5 USD round trip, making it one of the lowest cost accounts in the industry.
The Elite Account is designed for more professional traders.
The MT4 Pro Account is very similar to the MT4 Standard Account, with the same perks and trading assets, the only difference being that this is a commission account, with a 7 USD round trip commission on trades and minimum spreads starting at 0 pips. This gives you access to over 70 FX pairs, maximum leverage of 500:1, free AutoChartist, and a free VPS service (the VPS service is subject to a minimum trading volume). With no minimum deposit, the MT4 Standard Account is a commission-free account where spreads start at 1 pip. The Standard Account has the trading costs included in the spread, while the Pro and Elite accounts offer tighter spreads and a small commission per trade.Īs you can see from the table above, Axi’s trading costs are about average on the Standard Account – most good brokers will have a cost of around 9 USD per lot of EUR/USD – and lower than average on the Pro and Elite Accounts. Trading Costs: Axi offers three MT4 market-execution accounts, two with no minimum deposits and a professional trading account with a very high minimum deposit but extraordinarily low trading costs. We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. Share CFDs: Axi recently added share CFDs to its offering – it now offers shares from the top 50 companies listed in the United States, the United Kingdom, and European markets, including popular and liquid stocks like Apple, Amazon, and Netflix.Ĭommodities: Axi offers trading on a good range of commodities, including gold, silver, platinum, petroleum, and soft commodities such as coffee, cocoa, and soya beans.Ĭryptocurrencies : Axi’s range of cryptocurrencies is around the industry average and includes favorites like Bitcoin, Ethereum, and Ripple, in addition to Cardano, DogeCoin, Polkadot, EOS, Chainlink, and Stellar Lumen. Indices: Axi has a wider selection of indices than other similar brokers and includes the likes of the NASDAQ, FTSE100, DAX30, and Hang Seng. These include majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and GBP/NZD), and exotics (EUR/NOK, USD/SEK, and EUR/ZAR). Forex: At Axi, there are more pairs to trade than most other Forex brokers.