Axi Crypto Review 2027: Fees, Coins and Regulation

The company was started by traders who wanted a broker they would use themselves, a line it still repeats in its marketing. It grew with the Australian retail trading boom and became widely known through football sponsorships in England and Spain.

It is privately held. Its regulated entities in Australia and the UK file the reports those jurisdictions require.

The broker offers CFDs on the major coins, including bitcoin, ether, litecoin, XRP, solana and a number of others. We have not recorded a precise count, because the list differs by entity and is adjusted from time to time. Open the symbol list on a demo account to see what your entity provides.

These are contracts on price only. You cannot hold or withdraw coins.

Crypto CFDs are spread-only, with no commission. That applies whichever account you use.

For other markets the account types are:

• Standard: no commission, spreads from about one pip on major currencies
• Pro: raw spreads with a commission of $7 per round-turn lot
• Elite: lower commission for clients who deposit a large sum

We hold no independently tested bitcoin spread for Axi, so this review does not rank it on that measure. Check the live spread yourself before trading size.

Accounts can be opened without a minimum deposit. There is also no inactivity fee on live accounts at the time of our check. Both are friendly terms for someone who trades occasionally.

Positions kept open overnight are charged a swap, published in MetaTrader's symbol specification. On crypto these rates are high relative to currencies. Check both the long and the short figure, since they differ.

UK retail clients are barred from trading crypto CFDs. Professional clients of the UK entity may trade them. Residents of the United States cannot open accounts.

Under the Australian and UK-style retail rules, crypto leverage is 1:2. The offshore entity allows more. Margin for crypto is recalculated as prices move, so a rising market increases the margin a position needs.

The firm's main platform is MetaTrader 4. It adds a package of extra tools:

• Autochartist for pattern scanning
• A sentiment indicator and correlation tools
• Additional order-management add-ons

MetaTrader 5, cTrader and TradingView execution are not central to the offer. For traders with years of MT4 indicators and expert advisors this is no handicap. For newcomers who expect a modern interface it may feel dated.

A proprietary mobile app has been introduced for simpler trading, with a cleaner design than MetaTrader's mobile version. Availability varies by region. It is aimed at manual traders who mostly use a phone.

The Axi Copy Trading app links to MetaTrader 4 accounts and lets clients follow signal providers. Fees are set by the providers. Look for records of at least a year and a maximum drawdown you could tolerate.

The firm runs a funded-trader programme. Clients trade their own live account, and those who meet performance and risk criteria can be allocated additional capital from the firm, rising through stages to a large maximum, with a share of profits.

Unlike many prop-trading schemes, there is no entry fee for a challenge; you trade a real account with your own deposit. Conditions on drawdown and consistency are strict. Crypto can be traded within the programme, though its volatility makes the risk limits hard to respect.

Orders are executed without a dealing desk, and servers are hosted in major data centres. The broker allows scalping and automated trading. A virtual private server is free for clients who trade a minimum monthly volume.

Cards, bank transfers and e-wallets are accepted, and a few coins can be used for crypto deposits at the international entity. The broker does not charge deposit fees. Withdrawals are free above a small minimum and usually take one to two business days.

Crypto CFDs are available through the week. Weekend trading hours and spreads should be checked in the contract specification.

An academy section offers free courses, e-books and video tutorials, with a good MetaTrader 4 guide. There are also courses on crypto trading basics.

Daily market commentary is published on the blog. Autochartist reports are sent to clients by email.

Support is available around the clock on trading days by chat, phone and email, in several languages. Service is generally well reviewed.

A demo account is free for thirty days and can be extended for clients with a live account.

Funds are held in segregated accounts with top-tier banks. The firm does not hold coins. For offshore clients there is no external compensation scheme.

A funded account is judged on drawdown as much as on profit. A typical rule might end the allocation if losses reach a set percentage of the balance. Bitcoin's daily range is often several percent, so even a modest crypto position can use up the whole allowance on one bad session. Traders who progress through such programmes tend to do so on currencies and indices, using crypto sparingly and at small size.

MetaTrader 4 produces a detailed statement for any chosen period, and the client portal offers the same data for download. Australian residents should note that CFD profits and losses are normally treated as income items, and that crypto CFDs do not qualify for the personal-use exemptions sometimes discussed for coins. A registered tax agent can confirm the position for your circumstances.

Pepperstone, IC, FP Markets and Eightcap all offer more platforms and publish or have tested low bitcoin spreads. Axi's advantages are simplicity, no minimum deposit, no inactivity fee and the Select programme. For crypto alone, the rivals are better documented.

It suits you if you:

• Are committed to MetaTrader 4.
• Want a long-standing broker regulated by ASIC, the FCA or the DFSA.
• Are interested in a funded-trader programme without challenge fees.

It suits you less if you want a broad, well-documented crypto range, modern platforms or real coins.