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Axi accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are Axi's accounts with that in mind.
Regulation: ASIC (AFSL 318232); FCA (FRN 466201); New Zealand FMA (FSP 518226); DFSA. How Axi is regulated
Facts last checked . Read the full Axi review.
Accounts
- Minimum deposit
- $5
- Account types
- Standard, Pro, Elite, Premium, Cent, Islamic, Demo
- Account currencies
- AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD
- Islamic account
- Yes
- Demo account
- Yes
- Professional account
- Yes
- Minimum trade size
- 0.01 lots
- Time to open
- Typically a few minutes
What this means
Axi runs 7 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.
Base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about Axi accounts
Which base currencies does Axi support?
Axi accounts can be held in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at Axi?
The minimum deposit at Axi is $5. It can differ by account type and by the entity you register with.
What account types does Axi offer?
Axi offers 7 account types: Standard, Pro, Elite, Premium, Cent, Islamic, Demo.
Accounts at brokers under the same regulator
- CMC Markets accounts also licensed by ASIC
- IG accounts also licensed by ASIC
- Plus500 accounts also licensed by ASIC
- ThinkMarkets accounts also licensed by ASIC
- Saxo Bank accounts also licensed by ASIC