scambrokersreview.com
| Regulation | ASIC, FCA, DFSA, FMA New Zealand |
| Founded | 2007 |
| Min. Deposit | USD 0 |
| Platforms | MT4, MT5, Axi Copy Trading |
| Spread From | 0.0 pips (Pro) |
Overview
Axi (formerly AxiTrader) is an Australian ECN broker founded in 2007, regulated by ASIC and FCA among others. It offers competitive raw spread execution, a no-minimum-deposit policy, and an in-house copy trading platform, making it accessible to both beginner and advanced traders.
Regulation and Safety
ASIC licence AFSL 318232 and FCA licence 509746 provide meaningful Tier 1 and Tier 2 protections. DFSA in Dubai and FMA in New Zealand add further coverage for regional clients. Client funds segregated and negative balance protection applies under ASIC and FCA entities.
Trading Conditions
Pro accounts: raw spreads from 0.0 pips with USD 3.50/side commission. Standard accounts: from 1.0 pips, no commission. No minimum deposit on either account type. Average execution under 50ms. Axi Copy Trading enables social trading integration within the same account.
Pros and Cons
- ASIC and FCA regulated
- No minimum deposit
- Raw spreads from 0.0 pips
- Axi Copy Trading built-in
- Regulated across four jurisdictions
- DFSA and FMA entities weaker than FCA or ASIC
- Less brand recognition than larger brokers
- Educational content less comprehensive
- Copy trading ecosystem smaller than dedicated platforms
Verdict
Axi is a reliable ASIC and FCA-regulated ECN broker with competitive spreads and zero minimum deposit. It is a solid choice for traders who want regulation credibility without committing to a large initial deposit.
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