Axi is a UK-based broker offering a basic package of Forex and CFD trading services. The most important thing in his work is legality. At the same time, the mediator’s website does not have all the information necessary for clients, and the range of services is very limited. In this review, we will find out whether a licensed company can always be considered for cooperation, and also reveal all the secrets of axi.com.
What is known about the legal status of an intermediary?
Axi is the current name of the brand formerly known as AxiTrader. The website is operated by AxiCorp Limited, a company registered in England and Wales and regulated by the local Financial Conduct Authority:
In addition to this, during the registration process you can choose whether to become a client of a UK licensed company or an offshore company based in Saint Vincent and the Grenadines. It is worth noting that in the latter case, you literally refuse the support of the supervisory authority, since this state does not control financial transactions in any way and allows brokers to do whatever they want.
Features of the Axi trading terminal
The broker offers to operate MetaTrader 4, a trading platform that remains the most popular among most brokers around the world, despite the fact that it has been on the market since 2005. The software is available both for the browser, Windows and Mac operating systems, and for Android and iOS mobile devices. Here’s what the desktop version looks like:
Axi also offers several plugins and software tools: Autochartist, Sentiment Indicator, Correlation trader, Alarm manager, Economic Calendar and Automated trade journal.
It is also possible to use virtual private servers through third-party providers. Packages for this service start at $35 per month.
There are only 2 trading accounts:
- Standard – spreads from 0.4 points, no commissions, free installation;
- Pro – spreads from 0 pips, commission $7 both ways, free installation.
What is frankly embarrassing is the leverage of 1:500. Players with little experience are well aware that this indicator cannot be more than 1:30, as this is illegal.
There is also an Islamic account without swaps and interest. They offer to open it by contacting Axi support. How this department of the company works is not clear. There are no charts anywhere.
Trading instruments describe metals, indices, currencies, CFDs, securities, commodities and cryptocurrencies.
Feedback about the project
On the one hand, the intermediary has a license and a large number of assets for making transactions, but, on the other hand, it offers illegal conditions in places and charges huge commissions from its clients. How it should be treated, only player reviews can judge:
It is noteworthy that users who once tried trading with axi.com do not advise anyone to step on the same rake. Obviously, this is a new scam that works right at the time of the transaction. In short, it’s not worth it!