Axi review
Details checked 27 Sept 2026. Always confirm current terms on the broker's site.
Our verdict
Axi is an Australian broker with ASIC, FCA and CySEC licences that offers low raw-spread gold pricing on MT4 and MT5. It is not on the RBI Alert List, though international clients are typically served by an offshore entity.
Axi, formerly AxiTrader, was founded in 2007 in Sydney and holds Tier-1 licences from ASIC, the FCA and CySEC, with additional regulation in New Zealand and Dubai and an offshore entity in St Vincent and the Grenadines. Gold is available on three accounts: Standard, where costs are in the spread, and Pro and Elite, which offer raw spreads plus commission. CompareForexBrokers lists commissions of $4.50 round turn per lot on Pro and $3.50 on Elite, and BrokerChooser measured the gold spread at about $0.06 in September 2026. Axi does not publish a typical gold spread for the Standard account. Trading is limited to MT4 and MT5 plus Axi's mobile and copy-trading apps; there is no cTrader. Retail clients in Tier-1 jurisdictions receive 1:20 leverage on gold, negative balance protection and access to the FSCS or ICF, depending on the entity. There is no minimum deposit. BrokerChooser confirms Indian residents can open an account, and Axi does not appear on the RBI Alert List, though that does not mean it is authorised by the RBI. Indian clients would normally be served by an offshore entity with fewer protections. Axi suits MetaTrader users looking for low gold costs under a well-regulated group.
Pros
- Three Tier-1 licences (ASIC, FCA, CySEC)
- Low measured gold spread (~$0.06) on raw pricing
- No minimum deposit
- Not on the RBI Alert List
- Accepts Indian residents per BrokerChooser
Cons
- Limited platform choice (MetaTrader only; no cTrader)
- Standard-account gold spreads not published
- Offshore entity for international clients has weaker protections
- Swap-free availability for Indian clients not confirmed
Key facts
| Founded | 2007 |
|---|---|
| Headquarters | Sydney, Australia |
| Regulators | ASIC (Australia) - AxiCorp Financial Services Pty Ltd, AFSL 318232 (Tier-1); FCA (UK) - Axi Financial Services UK Ltd, FRN 466201 (Tier-1); CySEC (Cyprus) - Axi EU, 433/23 (Tier-1); FMA (New Zealand); DFSA (UAE); SVG FSA (St Vincent & the Grenadines) - offshore |
| Gold (XAUUSD) available | Yes |
| Gold spread, standard account | not published |
| Gold spread, raw/ECN account | ~$0.06 (BrokerChooser Sept 2026; account not specified, likely Pro) |
| Commission, raw account | $4.50 round turn per lot on Pro; $3.50 on Elite (CompareForexBrokers) |
| Max gold leverage (offshore entity) | not published for gold (up to 1:400 FX for eligible clients) |
| Max gold leverage (Tier-1 entity) | 1:20 (retail, ASIC/FCA/CySEC) |
| Minimum trade size | 0.01 lot |
| Platforms | MT4, MT5, Axi mobile app, Axi Copy Trading |
| Minimum deposit | $0 |
| Account types | Standard, Pro, Elite |
| Indian deposit methods | Not published (UPI not listed) |
| Accepts clients from India | Yes |
| Negative balance protection | Yes (retail clients) |
| Segregated client funds | Yes |
| Investor compensation | FSCS up to GBP 85,000 (UK); ICF up to EUR 20,000 (Cyprus) |
| Swap-free account | No |
| On RBI Alert List | No: 2025-11-19 (latest RBI update; checked 2026-09-27) |
Member reviews
Sources used for this review
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