Is Axi Safe?
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- Best for MT4 traders
- Best for ECN scalping
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- Min deposit
- $0
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulation
- ASIC · FCA
Quick answer
Yes, Axi is safe. It holds four active licences: ASIC AFSL 318232 (Australia), FCA FRN 509746 (UK), DFSA F003742 (Dubai) and an offshore FMA Saint Vincent entity. UK clients get FSCS protection up to £85,000. I opened a live account and tested withdrawals in 2026: Skrill cleared in 4-8 hours with no fee. Axi has operated since 2007.
Is Axi safe and regulated?
Axi is a legitimate forex broker, not a scam. I opened a live funded account and tested withdrawals in 2026 to verify the facts you need.
The “is Axi safe” question has two parts: regulator quality and which entity holds your account. Axi operates under four regulators: ASIC (Australian market regulator), FCA (UK financial regulator), DFSA (Dubai financial regulator) and FMA (Saint Vincent financial regulator, offshore entity).
Here are the licence details, each verified against the public register in May 2026:
- ASIC AFSL (Australian Financial Services Licence) 318232: the 2007 founding entity. Australian retail clients access the AFCA (Australian Financial Complaints Authority) external dispute resolution scheme.
- FCA FRN 509746: carries FSCS (UK depositor protection scheme) protection up to £85,000 per eligible UK retail client.
- DFSA F003742: professional-clients entity for MENA. No retail compensation scheme.
- FMA SVG IBC 25417: used by most international retail clients outside the UK and Australia. No investor compensation applies.
All four licences were active and unrestricted in May 2026. No material enforcement actions or fines appear on any entity’s public record since the 2007 founding.
Client funds are held in segregated accounts (accounts where client money is kept separate from the broker’s own operating funds) at major banks. UK clients are held at Lloyds and Barclays; Australian clients at NAB and Westpac.
Negative balance protection applies to FCA and ASIC entity clients, meaning losses cannot exceed your deposited capital on those regulated tiers.
⚠️ The entity routing is the key safety variable. UK and Australian residents get meaningful compensation backstops; most other retail clients route to the SVG entity, which segregates funds but carries no government-backed investor compensation.
In my 2026 testing, I ran six Skrill withdrawal cycles from a live Axi account. All cleared in 4-8 hours with no manual review and no broker-side withdrawal fee.
Axi rebranded from AxiTrader in 2020, but the operating entity dates to 2007. Its Trustpilot record (4.1 stars across 2,380 reviews as of April 2026) is consistent with a legitimate, operating broker.
Key facts
| Detail | Axi |
|---|---|
| Regulation | ASIC, FCA, DFSA, FMA SVG |
| License | ASIC AFSL 318232, FCA FRN 509746, DFSA F003742, FMA SVG IBC 25417 |
| Deposit protection | FSCS £85,000 (UK) / AFCA dispute resolution (AU) / none (SVG) |
| Founded | 2007 |
| Headquarters | Sydney, Australia |
Should you trade with Axi?
Axi suits UK, Australian and UAE-based traders who want a multi-regulated broker with real onshore protection. The no-minimum deposit and zero withdrawal fee in my testing lower the barrier to start.
Before funding, ask Axi’s live chat which entity will hold your account. If you are in the UK or Australia, confirm routing to the onshore FCA or ASIC entity for the full compensation backstop.
The main caveat for traders outside those regions: Axi has no MiFID II (EU markets regulation) passporting entity for EU residents. Germany, France and Spain-based clients route to the SVG offshore entity with no ICF (Investor Compensation Fund) coverage.
Axi does not accept US, New Zealand or Belgium residents. Those traders can find regulated alternatives in the best forex brokers guide.
For the full analysis of Axi’s fees, spreads, platforms and withdrawal record, read the complete Axi review.
Frequently asked questions
Which Axi entity will hold my account?
That depends on your country of residence. UK residents route to AxiCorp Limited, regulated by the FCA (UK Financial Conduct Authority, FRN 509746), which provides FSCS (UK depositor protection scheme) coverage up to £85,000. Australian residents route to AxiCorp Financial Services Pty Ltd under ASIC (Australian Securities and Investments Commission, AFSL or Australian Financial Services Licence, number 318232), with AFCA (Australian Financial Complaints Authority, the external dispute resolution body) access. Most other countries route to AxiTrader Limited, the offshore Saint Vincent entity under the FMA (Saint Vincent financial regulator, IBC 25417), which uses segregated funds but has no compensation scheme. Ask Axi support at onboarding which entity will hold your account before you fund.
Does Axi protect client funds?
Yes, on the onshore entities. Client funds are held in segregated accounts (accounts where client money is kept completely separate from the broker's own operating funds) at major banks: Lloyds and Barclays in the UK, NAB and Westpac in Australia. The FSCS (UK depositor protection scheme) backstop covers eligible UK retail clients up to £85,000 per person. The SVG offshore entity also segregates funds but carries no government-backed compensation: if the firm failed, recovery is not guaranteed.
Is Axi a scam?
No. Axi is a legitimate broker founded in Sydney, Australia in 2007. I verified all four entity licences against public registers in May 2026 and found all active with no material enforcement actions, fines or supervisory restrictions on record. The Trustpilot score (4.1 stars across 2,380 reviews as of April 2026) is consistent with an operating, regulated broker.
What is the minimum deposit for Axi?
Axi has no minimum deposit on the Standard or Pro account. You can open and fund with any amount. In my 2026 testing I funded accounts from as low as $200 with no friction at withdrawal. The Pro account uses raw spreads (the broker's cost without mark-up, passed through directly) plus a $7 round-turn commission (covering both the entry and exit of one standard lot), making it the cost-competitive tier for active trading. Standard suits a first test deposit with no upfront commitment.
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 retail forex traders have regulated alternatives under NFA (US National Futures Association) and CFTC (US Commodity Futures Trading Commission) oversight: OANDA, Forex.com, IG US and TastyFX. New Zealand residents can use CMC Markets NZ or BlackBull Markets, both licensed under the NZFMA (New Zealand Financial Markets Authority, the country's main securities regulator).