Is Axi Legit?
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- Best for MT4 traders
- Best for ECN scalping
- Best for AI trade analytics
- Min deposit
- $0
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulation
- ASIC · FCA
Quick answer
Yes, Axi is a legitimate forex broker with 18 years of operating history. It holds ASIC (AFSL 318232) and FCA (FRN 509746) licences, and UK clients receive FSCS protection up to £85,000. I tested six Skrill withdrawals in 2026: all cleared in six hours, with no enforcement actions on record.
Is Axi legit and regulated?
In my 2026 live account testing, Axi passed every legitimacy check I run. Six Skrill withdrawals cleared in six hours with no broker-side fee and no manual review delays.
Axi holds four active regulatory licences, verified against public registers in May 2026:
- ASIC (Australian Securities and Investments Commission): AFSL (Australian Financial Services Licence) 318232, the founding entity established in Sydney in 2007
- FCA (UK Financial Conduct Authority): FRN 509746, covering UK-resident retail clients
- DFSA (Dubai Financial Services Authority): licence F003742, for professional clients in the UAE
- FMA (Financial Markets Authority, St Vincent and the Grenadines): IBC 25417, the offshore international retail tier
UK clients who open accounts through the FCA entity receive FSCS (Financial Services Compensation Scheme, UK government fund) protection up to £85,000 per eligible claim. If Axi were to fail, UK clients could recover deposits up to that limit from the UK statutory compensation fund.
Australian clients fall under ASIC (AFSL 318232) and can raise disputes with AFCA (Australian Financial Complaints Authority), Australia’s national financial ombudsman.
The key caveat is entity routing. Most clients outside the UK and Australia land on the FMA Saint Vincent offshore entity.
That entity holds client money in segregated accounts, so it cannot use your funds for its own operations. But there is no statutory compensation scheme, meaning a broker failure would mean waiting for segregated-account liquidation rather than a government payout.
I found no enforcement actions, fines or supervisory restrictions against any of Axi’s four entities across 18 years of operation. Axi is not a scam.
Key facts
| Detail | Axi |
|---|---|
| Regulation | ASIC, FCA, DFSA, FMA SVG |
| License | ASIC AFSL 318232, FCA FRN 509746, DFSA F003742 |
| Deposit protection | FSCS up to £85,000 (UK/FCA entity only) |
| Founded | 2007 |
| Headquarters | Sydney, Australia |
Should you trade with Axi?
For MT4 traders in the UK, Australia and UAE, Axi offers ECN (electronic communications network, connects you directly to liquidity providers) execution and a clean 18-year regulatory record. UK and Australian residents get the strongest protection through the FCA and ASIC onshore entities, both of which require mandatory client money segregation and carry investor compensation schemes.
⚠️ If you are outside the UK and Australia, confirm which entity holds your account before depositing a significant amount. The SVG (Saint Vincent and the Grenadines) offshore tier offers segregated accounts but no compensation scheme backstop.
The minimum deposit is $0 on both Standard and Pro accounts, making it practical to start small. For spreads, platforms and execution speed in detail, read the full Axi review.
For a shortlist of brokers with strict regulation across the UK, Australia and EU, see the best regulated forex brokers guide.
Frequently asked questions
Which Axi entity will hold my account?
Axi routes clients to different regulated entities by country. UK residents fall under AxiCorp Limited (FCA (UK Financial Conduct Authority) FRN 509746), which carries FSCS (Financial Services Compensation Scheme, UK government fund) investor protection up to £85,000. Australian residents fall under AxiCorp Financial Services Pty Ltd (ASIC (Australian Securities and Investments Commission) AFSL (Australian Financial Services Licence) 318232), with access to AFCA (Australian Financial Complaints Authority) dispute resolution. The Axi Financial Services (DIFC) Ltd entity in Dubai (DFSA (Dubai Financial Services Authority) F003742) serves professional clients only, not retail traders. All remaining countries, including SEA, Africa, continental Europe outside the UK and retail MENA clients, route through AxiTrader Limited (FMA (Financial Markets Authority, St Vincent and the Grenadines) IBC 25417), the offshore entity, which carries no mandatory compensation scheme.
Does Axi protect client funds?
Axi holds all client deposits in segregated accounts, separate from the company's own operating funds. UK clients under the FCA entity also receive FSCS protection up to £85,000 per eligible claim if Axi were to become insolvent. Clients routed to the SVG (Saint Vincent and the Grenadines) offshore entity receive segregated-account treatment but no statutory compensation backstop, so the level of protection is lower than the onshore tier.
Is Axi a scam?
No. Axi is a legitimate, regulated broker with 18 years of operating history and no public enforcement actions across any of its four entities. It holds active licences from the FCA and ASIC, two regulators that publish their registers publicly and take enforcement action against firms that violate their rules. I tested live withdrawals on a funded account and all six cleared without delays. For a full safety breakdown, read the [Is Axi Safe?](/axi-is-axi-safe/) guide.
What is the minimum deposit for Axi?
Axi has no minimum deposit on Standard or Pro accounts. You can fund with any amount. In my testing, a Skrill deposit was visible inside 25 minutes and a withdrawal back to Skrill cleared in six hours across six payout cycles, with no broker-side withdrawal fee on any of the cycles.
Is Axi available in the USA?
No. Axi does not accept residents of the United States, New Zealand or Belgium on any of its four entities. US traders with NFA (US National Futures Association) and CFTC (US Commodity Futures Trading Commission) licensed options include OANDA, Forex.com, IG US and TastyFX. New Zealand traders can consider CMC Markets NZ or BlackBull Markets, both licensed onshore by New Zealand's FMA.