Axi Review
Overall, Axi is a member of the AxiCorp Group, which was established in 2007 in Sydney, Australia, and has since evolved to become one of the world’s biggest online brokers, specializing in retail traders’ goods and services with customers in more than 150 countries. Axi is currently not regulated by the CBN.
- Lesche Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 BWP
Regulators
FSA, FCA, ASIC, DFSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
66
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Originally called AxiTrader, Axi was established in Sydney in 2007. It has since extended its operations to the United Kingdom (2012) and China (2015).
By 2016, AxiTrader had a monthly volume of over €100bln, mostly from its native markets but also from Germany, Latin America, and the Middle East. In addition, the Australian private equity company RGT made a sizable investment in AxiTrader in the same year.
Axi is believed secure because it is a highly regulated broker with a trust score of 84%. As a result, Axi has become a global phenomenon, including a diverse community of investors, from beginners to seasoned pros, brokers, and trading platforms.
Axi accepts Botswanan clients and has an average spread from 0.0 pips with a $7 commission round turn. Axi has a maximum leverage ratio up to 1:500, and a demo and Islamic account are available.
With Axi, the MT4 platform is supported on desktop, web, and mobile. Axi is headquartered in Australia and regulated by ASIC, SVG FSA, FCA, FMA, and DFSA.
Axi Distribution of Traders
Axi currently has the largest market share in these countries:
United Kingdom – 5.8%
United States – 5.8%
Spain – 5.6%
Columbia – 5.6%
South Africa – 5.1%
Popularity among traders
While Axi might not have a dominant market position in Botswana, it is nevertheless one of the 25 best brokers for Botswanan investors to choose from.
Axi at a Glance
| 🏛️ Headquartered | Australia |
| 🏛️ Local office in Gaborone? | No |
| 👍 Accepts Botswanan Traders? | Yes |
| 📅 Year Founded | 2007 |
| 📱 Botswanan Office Contact Number | None |
| ⚖️ Regulation | ASIC, FCA |
| 🔎 License Number | • Australia – AFSL 318232 • United Kingdom 06378544 and FCA Ref 509746 |
| ⚖️ MFED, BoB, or NBFIRA Regulation | None |
| ✴️ Regional Restrictions | United States, Canada, Iran |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 3 |
| 📊 PAMM Accounts | Yes |
| 📊 Liquidity Providers | Yes, 14 global banks |
| 💵 Affiliate Program | Yes |
| 📊 Crypto trading offered? | Yes, CFDs |
| 🚀 Offers a BWP Account? | No |
| 💻 Dedicated Botswanan Account Manager? | No |
| 📈 Maximum Leverage | 1:30 for Retail Traders, 1:400 for Professionals |
| 📈 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit | 0 BWP |
| 💳 Botswanan Pula Deposits Allowed? | Yes |
| 💰 Active Botswanan Trader Stats | 250,000+ |
| 📈 Active Botswanan-based Axi customers | Unknown |
| 💰 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💳 Deposit and Withdrawal Options | • Credit Card • Debit Card • POLi • Bank Transfers • FasaPay • Sofort • Giropay • iDEAL • Neteller • Cryptocurrency • Skrill • Boleto • Internet Banking • Laos QR Payments • Myanmar QR Payments • AstroPay |
| 💰 Segregated Accounts with Botswanan Banks? | Yes |
| 💻 Trading Platforms | • MetaTrader 4 |
| 💰 Tradable Assets | • Forex • Share CFDs • Indices • Commodities • Energies • Precious Metals • Cryptocurrency CFDs |
| 🌐 Offers USD/BWP currency pair? | No |
| 🌐 USD/BWP Average Spread | N/A |
| 📈 Offers Botswanan Stocks and CFDs | None |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Botswanan-based customer support? | No |
| 💰 Bonuses and Promotions for Botswanans | None |
| ✴️ Education for Botswanan beginners | Yes |
| 📊 Proprietary trading software | No |
| 💰 Most Successful Botswanan Trader | Currently unknown |
| ✔️ Is Axi a safe broker for Botswanans? | Yes |
| ✔️ Rating for Axi Botswana | 9/10 |
| ✔️ Trust score for Axi Botswana | 84% |
| 👉 Open an account | 👉 Open Account |
Regulation and Safety of Funds
The broker is a registered broker and as such must adhere to all the rules and guidelines set in place to safeguard investors. Regulated businesses are part of the Axi family of firms.
It is important to remember that Axi is subject to a varied set of regulations in various markets since separate authorities oversee the broker. AxiCorp Financial Services Pty Ltd. uses the trademark Axi as a trading name and the broker is regulated by:
️ The Australian Securities and Investments Commission (ASIC), with an Australian Financial Services License under AFSL 318232.
️ The Financial Conduct Authority (FCA) under reference number 509746.
Because Axi is a licensed broker, it must follow the standards established in place to protect investors. The Axi family of companies includes regulated enterprises. Keeping in mind that Axi is subject to different sets of rules in different markets is critical since they are regulated by different agencies.
Is Axi a regulated broker, and which regulatory authorities oversee its operations?
Yes, is the broker is regulated broker committed to maintaining high standards of integrity and client protection. The regulatory oversight of Axi may vary depending on the region and entity. AxiCorp Financial Services Pty Ltd, the entity serving clients in Australia and some other regions, is regulated by the Australian Securities and Investments Commission (ASIC).
How does Axi ensure the safety of client funds?
The broker places a high priority on the safety of client funds through various protective measures. As a regulated broker, the company follows strict regulatory requirements set by authorities such as ASIC and the FCA.
Awards and Recognition
Axi has recently been awarded Best Workplace Awards for 2021 by Voice Project. The Voice Project, which is a leading provider of employee engagement, customer service and 360 leadership surveys, has conducted surveys to over 3 million people on a wide range of industries around the world.
Has Axi received any notable awards for its services in the financial industry?
Yes, the broker has gained recognition through various awards within the financial industry. The platform has been honored across different categories, acknowledging its commitment to excellence, innovation, and client satisfaction.
How is Axi regarded in the financial industry, and what does its reputation suggest about the platform?
The broker enjoys a positive reputation within the financial industry, reflecting its dedication to providing a reliable and user-friendly trading experience. The receipt of various awards and positive reviews from traders further underscores Axi’s success in delivering quality services.
Axi Account Types and Features
Offers traders the option to choose between three live retail investor accounts, namely:
️ Standard Account
️ Pro Account
️ Elite Account
Live Trading Accounts
Standard Account
The Standard Account is Axi’s entry-level account for traders of all skill levels looking for the best trading conditions at a price that is comparable with other brokers.
| Account Feature | Value |
| 💳 Account setup costs | None |
| 📈 Average spreads | From 0.4 pips |
| 💸 Commissions on trades | None |
| 📈 Minimum Position Size | 0.01 lots |
| 💵 Minimum deposit requirement | 0 BWP |
| 💰 Range of markets | All |
| 📲 Mobile trading offered? | Yes |
| 📱 MT4 NextGen offered? | Yes |
| 🚀 Martin and Leverage offered? | Yes, up to 1:30 for Retail clients and 1:400 for Professional traders |
| 💸 Account Base Currency | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| ✔️ Demo trading availability | 30 Days |
| 📈 VPS | Yes, free |
| 🤝 Expert Advisors offered? | Yes |
| 📉 AutoChartist | Yes |
| 💻 Myfxbook AutoTrade offered? | Yes |
| 💳 PsyQuation offered? | Yes |
| 💰 PsyQuation Premium offered? | Yes |
Pro Account
The Pro Account is designated for professional traders who are well-versed in how the financial markets work, who have effective risk management, and tested strategies.
| Account Feature | Value |
| 💳 Account setup costs | None |
| 📈 Average spreads | From 0.0 pips |
| 💸 Commissions on trades | $7 round trip |
| 📈 Minimum Position Size | 0.01 lots |
| 💵 Minimum deposit requirement | 0 BWP |
| 💰 Range of markets | All |
| 📲 Mobile trading offered? | Yes |
| 📱 MT4 NextGen offered? | Yes |
| 🚀 Martin and Leverage offered? | Yes, up to 1:30 for Retail clients and 1:400 for Professional traders |
| 💸 Account Base Currency | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| ✔️ Demo trading availability | 30 Days |
| 📈 VPS | Yes, free |
| 🤝 Expert Advisors offered? | Yes |
| 📉 AutoChartist | Yes |
| 💻 Myfxbook AutoTrade offered? | Yes |
| 💳 PsyQuation offered? | Yes |
| 💰 PsyQuation Premium offered? | Yes |
Elite Account
The Elite Account is perfect for wholesale and professional traders, offering the following features and benefits.
| Account Feature | Value |
| 💳 Account setup costs | None |
| 📈 Average spreads | From 0.0 pips |
| 💸 Commissions on trades | From $3.50 round trip |
| 📈 Minimum Position Size | 0.01 lots |
| 💵 Minimum deposit requirement | 341 BWP or an equivalent to $25,000 |
| 💰 Range of markets | All |
| 📲 Mobile trading offered? | Yes |
| 📱 MT4 NextGen offered? | Yes |
| 🚀 Martin and Leverage offered? | Up to 1:400 |
| 💸 Account Base Currency | USD, EUR, GBP, AUD |
| ✔️ Demo trading availability | 30 Days |
| 📈 VPS | Yes, free |
| 🤝 Expert Advisors offered? | Yes |
| 📉 AutoChartist | Yes |
| 💻 Myfxbook AutoTrade offered? | Yes |
| 💳 PsyQuation offered? | Yes |
| 💰 PsyQuation Premium offered? | Yes |
Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Axi offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Traders who register a demo account with Axi need to note that the demo account is only available for 30 days.
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
As a reputable broker, Axi is committed to providing outstanding service to all its customers, no matter where they reside. Botswana Traders of the Islamic religion may create an account with Axi that is swap-free and interest-free to guarantee that the broker’s service is accessible to them.
After being accepted for an Islamic account, Botswana traders will get a Trading Notice explaining the account’s interest-free nature and basic terms and restrictions.
Please be aware that Axi maintains the right to monitor interest-free accounts to ensure they are being used in good faith and for the intended objectives, and to contact traders personally if the broker detects any abnormalities.
What types of trading accounts does Axi offer, and how do they differ?
The broker provides a variety of trading accounts to cater to the diverse needs of traders. The primary account types may include Standard Accounts and Pro Accounts. Standard Accounts typically have variable spreads and are suitable for traders with various experience levels. Pro Accounts, on the other hand, may offer lower spreads with a commission per trade and are designed for more experienced or active traders.
What features are included with Axi trading accounts?
The broker trading accounts come with a range of features designed to enhance the trading experience. Features may include access to popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), advanced charting tools, technical analysis resources, and a comprehensive selection of tradable instruments, including forex, commodities, indices, and cryptocurrencies.
How to open an Axi Account – Step by Step Guide
Step 1: Start Application
To start the account application, the applicant can click on the yellow open account button located at the top right of the Axi webpage.
Step 2: Complete the Application.
The applicant will be required to complete a simple application form and confirm their identification. Once the application has been approved, the account holder will be able to fund their account.
Axi Vs FXTM Vs XM – Broker Comparison
| 🥇 Axi | 🥈 FXTM | 🥇 XM | |
| ⚖️ Regulation | ASIC, FCA | CySEC, FSCA, FCA, FSC Mauritius | FSCA, IFSC, ASIC/AFSL, CySEC, DFSA |
| 📱 Trading Platform | MetaTrader 4 | • MetaTrader 4 • MetaTrader 5 • FXTM Trader | • MetaTrader 4 • MetaTrader 5 |
| 💰 Withdrawal Fee | Yes | Yes | None |
| 📈 Demo Account | Yes | Yes | Yes |
| 📊 Min Deposit | 0 BWP | 1,700 BWP | 1,700 BWP |
| 💰 Leverage | 1:30/1:400 | 1:2000 | 1:888 |
| 💳 Spread | 0.0 pips | 0.0 pips | 0.0 pips |
| ✴️ Commissions | From $3.5 | From $0.4 | $1 to $9 |
| 💳 Margin Call/Stop-Out | From 90%/50% | 60%/40%, 80%/50% | 50%/20%, 100%/50% (EU) |
| 📊 Order Execution | Market | Market/Instant | Market, Instant |
| 💰 No-Deposit Bonus | None | No | No |
| 💰 Cent Accounts | No | No | No |
| 📊 Account Types | • Standard Account • Pro Account • Elite Account | • Micro Account • Advantage Account • Advantage Plus Account | • Micro Account • Standard Account • XM Ultra-Low Account • Shares Account |
| ⚖️ MFED, BoB, or NBFIRA Regulation | None | No | No |
| 💵 BWP Deposits | Yes | Yes | Yes |
| 💳 Botswana Pula Account | No | Yes | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 🛍 Retail Investor Accounts | 3 | 3 | 4 |
| ☪️ Islamic Account | Yes | Yes | No |
Axi Trading Platforms
Axi provides numerous versions of the well-known MetaTrader 4 (MT4) trading platform. MT4 is accessible on a variety of platforms, including desktop (Windows, Linux, or Mac), online (several internet browsers), and mobile (iPhone, iPad, Android, Tablet).
Whether traders choose to trade on a desktop or mobile device, MT4 is compatible with any preferred technology and operating system. It has a plethora of pre-installed tools and customizable functionality.
This is the most widely used version of MetaTrader 4, which is used by millions of traders worldwide to trade the financial markets. Traders can access Axi’s entire range of trading instruments using the high-performance MT4 platform. To begin trading, just download and install MT4 for PC or Mac and log in to the trading account.
What trading platforms does Axi offer, and how do they differ?
The broker provides a selection of advanced trading platforms to cater to the diverse needs of traders. The primary trading platforms include MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Can I trade on Axi using my mobile device, and what features are available on the mobile platforms?
Absolutely. Axi recognizes the importance of mobile trading and offers mobile versions of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for both iOS and Android devices.
Range of Markets
Offers a wide range of markets that spans these asset classes:
Forex
️ Share CFDs
️ Indices
️ Commodities
️ Energies
️ Precious Metals
️ Cryptocurrency CFDs
What financial instruments are available for trading on Axi?
The broker offers a diverse range of tradable instruments across various asset classes, providing traders with numerous opportunities for investment. The primary asset classes include forex, commodities, indices, and cryptocurrencies. In the forex market, traders can access a wide array of currency pairs, including majors, minors, and exotic pairs.
Does Axi offer cryptocurrency trading, and what cryptocurrencies are available on the platform?
Yes, Axi recognizes the growing popularity of cryptocurrencies and allows traders to engage in cryptocurrency trading. The platform typically offers a selection of popular digital assets, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
Axi Broker Comparison for Range of Markets
| 🥇 Axi | 🥈 FXTM | 🥇 XM | |
| 💰Forex | Yes | Yes | Yes |
| 🔨 Precious Metals | Yes | Yes | Yes |
| 💰 ETFs | No | No | No |
| 📊 CFDs | Yes | Yes | Yes |
| 📈 Indices | Yes | Yes | Yes |
| 💵 Stocks | Yes | Yes | Yes |
| 💳 Cryptocurrency | Yes | No | No |
| 💰 Options | No | No | No |
| 💸 Bonds | Yes | Yes | Yes |
| 🔋 Energies | No | No | Yes |
Trading and Non-Trading Fees
Spreads
The spreads that Botswana traders can expect from Axi will depend on the trading instrument, the account that is being used and the overall market conditions. Typical spreads that Botswanans can expect are:
️ Standard Account – variable, from 0.4 pips
️ Pro Account – variable, from 0.0 pips
️ Elite Account – variable, from 0.0 pips
Commissions
Commissions on trades when trading with Axi are as follows:
️ Pro Account – From $7 per round turn, which is $3.50 per side.
️ Elite Account – From 3.5 per round turn, which is $1.75 per side.
Overnight Fees, Rollovers, or Swaps
Botswana traders can view the live overnight fees and live spreads for different financial instruments from their MetaTrader 4 trading platform. Traders who trade CFDs must note that there are overnight charges on Future CFD contracts as well.
Deposit and Withdrawal Fees
Deposit fees are charged on card payments when Botswana traders exceed a monthly limit equivale to $50,000. In such cases, a fee of 3% will be applied to the transaction while all transactions below this amount remain free.
Withdrawals are free if they exceed the minimum of $50, or the overall trading balance of the account. If withdrawals are made in fewer amounts, traders are subject to an administration fee of $25.
Other Fees
If there is no trading activity on a trading account for 12 consecutive months, there will be an inactivity fee charged of 10 units of the base currency of the account. If the account balance reaches zero, Axi can close the account without notifying the trader.
What are the trading fees associated with Axi, and how are they structured?
The broker employs a transparent fee structure primarily based on spreads for various financial instruments, including forex, commodities, indices, and cryptocurrencies. The spread is the difference between the buying (ask) and selling (bid) prices of an asset.
Are there any non-trading fees on Axi, and what should traders be aware of?
In addition to trading fees, Axi may charge non-trading fees that traders should consider. Non-trading fees may include overnight financing fees (swap rates) for positions held overnight, withdrawal fees, and inactivity fees for dormant accounts.
Axi Deposits and Withdrawals
Offers the following deposit and withdrawal methods:
️ Credit Card
️ Debit Card
️ POLi
️ Bank Transfers
️ FasaPay
️ Sofort
️ Giropay
️ iDEAL
️ Neteller
️ Cryptocurrency
️ Skrill
️ Boleto
️ Internet Banking
️ Laos QR Payments
️ Myanmar QR Payments
️ AstroPay
How can I make a deposit into my Axi trading account, and what payment methods are supported?
Making a deposit into your Axi trading account is a straightforward process. Axi typically supports various payment methods, including bank wire transfers, credit/debit cards, and popular e-wallet options such as Skrill and Neteller. To make a deposit, log in to your Axi account, navigate to the deposit section, and choose your preferred payment method.
How can I initiate a withdrawal from my Axi trading account, and what withdrawal options are available?
Initiating a withdrawal from your Axi trading account is simple. Log in to your account, go to the withdrawal section, and select your preferred withdrawal method. Axi typically processes withdrawals using the same method that was used for the initial deposit. Withdrawal options may include bank transfers, credit/debit cards, and e-wallets.
How to Deposit Funds with Axi
Step 1: Log in to your Client Portal
Once your account is opened, you will be given a login number and password. You can log in to your Client Portal
Step 2: Go to “Add Funds”
Click on the left side on “Add funds”, under “Funds”
Step 3: Choose the account
Choose the account you will be adding the funds to.
Choose the payment method (e.g., Skrill, bank transfer, visa/master card, etc.)
Once successful the fund will be added to the MT4 account
Axi Fund Withdrawal Process
Step 1: Log in to your Client Portal
Once your account is opened, you will be given a login number and password. You can log in to your Client Portal
Step 2: Go to “Withdraw Funds”
Once in Client Portal, please click Withdraw Funds (at the left hand panel), choose the available withdrawal method for your account and follow the prompts.
For the first withdrawal to your bank account, you will have to submit your bank account information and provide the most recent bank statement for verification.
Step 3: Choose the account
If you are using Bank Transfer for withdrawal, to add bank account information, please click Bank Accounts (at the left hand panel), choose New Bank Account, input your bank account information and upload the most recent bank account statement (in PDF or picture of paper statement).
Please note that:
- Withdrawal method must be the same as your deposit method, except for deposit via Visa/Master card to withdraw to your bank account.
- All withdrawals and bank account verification will be checked and processed within 2 business days once receipt.
Education and Research
The educational materials that Botswana traders can expect:
️ MetaTrader 4 Video Tutorials
️ Free eBooks
️ Axi Trader’s Blog
️ Axi Academy
️ Trading Courses
️ Trading Education
️ Trading Tools and Resources
Axi offers advanced traders the following tools and features:
️ Essential market news
️ Market analysis
️ Expert commentary
️ VPS Hosting
️ Social Trading and Signal Providers
️ PsyQuation
️ PsyQuation Premium
️ AutoChartist
️ MT4 NextGen
What educational resources does Axi offer to help traders improve their skills and knowledge?
The broker is committed to supporting the educational needs of traders by providing a variety of comprehensive resources. Traders can access educational materials such as webinars, video tutorials, and written guides covering a wide range of topics, from fundamental concepts to advanced trading strategies.
What research tools are available on Axi to assist traders in making informed decisions?
The broker equips traders with a variety of research tools designed to facilitate informed decision-making. The platform provides daily market analysis, economic calendars, and expert commentary to keep traders updated on significant market events and trends.
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Official Site
Bonuses and Promotions
Axi does not offer a bonus or Welcome bonus with first-time sign-up. Axi does make an Affiliate program and Introducing Broker (IB) option available.
How to open an Affiliate Account with Axi
Step 1: Sign Up Now
Complete your registration with our simple online application form.
Step 2: Log in to your Client Portal
Once your account is opened, you will be given a login number and password. You can log in to your Client Portal
Step 3: Refer clients
Feature your Affiliate link or advertising materials on your website to start referring clients.
Affiliate Program Features
The broker offers an affiliate program that can provide affiliates with commissions of up to $1,000 per qualified client. Axi Affiliates is a simple method to make some additional money from website visitors.
Axi’s commission-based referral program offers Botswanans the chance to earn money by referring consumers to the broker. If Botswana traders become a Master Affiliate, they could earn up to $1000 CPA per qualifying customer, plus a 10% commission on Sub-Affiliate revenue.
The benefits of using Axi’s affiliate program include:
️ Tiered payment structures as website traffic increases. The more Nigerians refer, the more commission they could earn per client that registers with Axi.
️ Affiliates can easily track their clients and view the overall performance of campaigns.
️ Affiliates are given banners, landing pages, and several other marketing tools to help partners draw more clients.
️ The ability to easily withdraw commissions using flexible payment methods.
️ Access to dedicated customer support throughout the Affiliate journey.
How does the Axi affiliate program operate, and what are the key features of its structure?
The Axi affiliate program operates on a commission-based structure, where affiliates earn commissions for referring new clients to the platform. Affiliates receive unique tracking links or codes to identify their referrals.
What support and tools does the Axi affiliate program provide to its partners?
The Axi affiliate program is designed to empower partners with a suite of tools and support to maximize their success. Affiliates often have access to a dedicated affiliate dashboard, where they can generate tracking links, monitor referral activity, and track their commissions in real-time.
Customer Support
Like other brokers, customer assistance is available through phone, email, and live chat around the clock (dedicated support specialists is available 24 hours a day, Tuesday to Friday. On Mondays, our services commence at 9 AM AEST.).
Even though English is Axi’s major support language, Arabic, Ukrainian, Polish, Russian, and Chinese are also available, depending on their availability.
You could also contact the Axi’s team through social media platforms like Facebook and Twitter.
| Customer Support | Axi’s Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | English, Japanese, Bahasa Malay, Polish, French Russian Portuguese Spanish German |
| 🗯 Live Chat | Yes |
| 📧 Email Address | [email protected] |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Botswana? | No |
| 🥇 Overall quality of Axi Support | 4.7/5 |
Corporate Social Responsibility
At Axi, they want to make the world of trading a better place, but they want to make other positive changes too.
Verdict on Axi
Axi is a reputable broker with a long list of accolades for its innovative trading tools and services. In addition to user-friendly trading platforms and a wide variety of trading instruments, they provide an exceptionally competitive trading environment.
The offered Spreads are narrow, trades are executed quickly, and commissions are reasonable with this broker. Customer service and instructional resources are also available around the clock, as well as a wide range of handy deposit/withdrawal options.
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Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axi is well-regulated around the globe by top market regulators, instilling trust | Currency conversion fees will apply to all BWP deposits and withdrawals |
| Axi offers flexible payment methods for both deposits and withdrawals | Deposit and withdrawal fees could apply if the terms are not fulfilled |
| Botswanans can expect access to several advanced trading tools such as VPS, trading signals, and more | MetaTrader 4 is the only trading platform offered by Axi |
| There is an Islamic account conversion option offered | Axi does not offer a BWP-denominated account |
| There is a free demo account offered via MT4 | |
| Axi provides commission-free options to Botswanans | |
| There are competitively low spreads and commissions charged | |
| There is a dedicated trading academy for beginners |
Conclusion
Now it is your turn to participate:
Do you have any prior experience with FOREX.com?
What was the determining factor in your decision to engage with FOREX.com?
Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
Have you experienced any issues with FOREX.com, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Frequently Asked Questions
Is Axi regulated?
Axi is regulated by the ASIC (Tier 1) in Australia, the FCA (Tier 1) in the UK, the FMA (Tier 1) in New Zealand, the DFSA (Tier 2) in Dubai, and the SVG FSA in Saint Vincent and the Grenadines (Tier-3).
How much is Axi’s minimum deposit?
Axi does not have a set minimum deposit requirement.
Does Axi have Nasdaq?
Nasdaq is a component of the broad range of tradable financial instruments offered by Axi.
Is Axi regulated in Botswana?
Axi is not regulated in Botswana by either of the following:
- Ministry of Finance and Economic Development (MFED)
- Bank of Botswana (BoB)
- Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Is Axi safe or a scam?
Axi is a securities broker with a high trust rating, many regulatory approvals that can be checked, and positive client feedback.
How does Axi’s affiliate program work?
When a referral turns into a qualifying customer at Axi—someone who registers a trading account and begins trading—you are paid a base fee of $300. However, this gradually increases as affiliates bring in additional customers.
Does Axi have Volatility 75?
Axi does not presently include VIX in its portfolio of financial instruments. But several other indexes, such as the S&P 500, Stoxx, Nasdaq, and many more, may be traded as CFDs.
