AXI Commission or Brokerage Charges – Review, Plans, FAQs & more

Check out all details about AXI Commission or Brokerage Charges here. AXI is an advanced and reliable online broker and trading platform.

In AXI you can trade for Forex and CFD along with other investment assets effortlessly.

AXI formerly known as AXI Traders is regulated by the Financial Conduct Authority or FCA based out of the United Kingdom and the Australian Securities Investment Commission.

These regulatory authorities are trusted financial regulators and are behind a lot of renowned brokerage firms.

AXI was founded in 2017 and since then it has acquired huge popularity across the globe with millions of active users at present.

In this article, we are going to deeply analyze the AXI commission fees, AXI brokerage, and other charges that are being levied.

You will get to know more about the commission plans that they have and also we will be discussing the AXI investment assets areas where traders can invest.

Lastly, we will be sharing a quick account opening guide to make the registration process easier for you. Let us take a look at the AXI commission in detail.

AXI Commission or Brokerage Charges

AXI charges a commission to earn profit from its customers.

They have two types of commission plans where one incurs commission charges and the other is free of cost but have high spreads.

AXI generates revenues from losses of traders as it acts as a counterparty.

AXI levy charges for overnight positions and swap rates.

If you hold a CFD position past the ex-dividend date then you will be liable for corporate actions which will then be credited or debited from your trader’s portfolio and this depends on the position of trades done.

AXI however, does not charge for withdrawal and deposits, and also they don’t incur charges for inactivity.

The spread for USD/EUR starts from 0.44 pips and can go up to 1.24 pips depending on the type of account.

For the USD/GBP pair, the spread can go from 0.85 up to 1.73. For standard account holders, the minimum spread is 1.0 pips.

They charge a commission for the pro commission plan which is $7 but then there are spreads starting from 0.0 pips.

You can set the leverage as per your convenience but then it can go up to 1:500 which is a bit high as compared to other brokers of this stature.

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Types of AXI Commission Plans

AXI offers two types of commission plans which are the Standard type commission plan and Pro type commission plan.

Let us take a look at these commission plans in detail.

Standard commission plan type

The standard account provided by AXI has higher spreads but then it has no commission charges.

The initial deposit for you to invest via AXI standard account is $0 which means there is no minimum limit for a standard account holder for depositing funds into your account.

With the standard AXI account, you don’t have to worry about any commission charges.

The spread here starts from 0.4 pips and the Leverage can go up to 1:500.

Pro commission plan type

The Pro account provided by AXI has deviated spreads but then it has USD 7 round trip as commission charges.

The initial deposit for you to invest via AXI Pro account is $0 which means there is no minimum limit for a standard account holder for depositing funds into your account.

With the standard AXI account, you don’t have to worry about any commission charges.

The spread here starts from 0.0 pips and the Leverage can go up to 1:400 on

the other account types as well depending on the user.

An Individual account holder can have one owner whereas for a joint account two or more than two individuals can trade accordingly.

The corporate account is owned by a business entity as a whole.

AXI Account Opening Process

If you want to open an account with AXI you have to apply for it via their official website where you will find the online application form which is the usual procedure and thereafter you will have to follow the rest of the process as per AXI to create a new account.

AXI has a three-step account creation process which is in regards to KYC/AML requirements and these are also regulated as per norms and thus you should feel safe and secure while submitting documents for account signup completion.

Let us take a look at the processes involved in AXI.

Go to the official website of AXI where you will find the Register now button. Click on the Register now button to proceed.

You have to choose the account type first and then you will be taken directly to the Application form where you have to update the email address, phone number, and other personal details.

In the next step, you will be asked to upload documents for KYC verification where you will upload a government-approved ID card, a utility bill for address proof, and a bank statement.

This will then be validated and matched with the application form.

They will also check your Trading Experience and knowledge by asking you questions about trading and you may be required to fill questionnaires with trading experience details.

Once all the process is complete and the EKYC is done then they will set an account for you where you can deposit funds and start trading conveniently.

AXI Payment or Withdrawal Methods

AXI broker has different deposit and withdrawal processes.

They allow Debit Cards, Credit cards, and Wire transfers as their basic transaction types but have other flexible options too.

You can deposit and withdraw with the likes of Skrill, Neteller, China Union Pay, FasaPay, Thai International Banking, Vietnamese Instant Banking, and Polish Instant Banking.

AXI does not charge any Withdrawal or deposit fee however third-party fees may be incurred. While making a deposit or withdrawal you need to take care of the fact that the bank account from where the deposit is being made should match with the name of the AXI account holder.

The same rule goes for the Withdrawal as well.

For Deposits, you can use Mastercard credit cards, Maestro credit cards, Visa credit cards, Maestro Debit cards, Visa Debit Cards, Skrill, Neteller, MoneyBookers, China Union Pay, and Bank Wire.

For Withdrawal you can use Maestro credit cards, Mastercard credit cards, Visa credit cards, Maestro Debit cards, Mastercard Debit cards, Visa Debit Cards, Skrill, MoneyBookers, Neteller, China Union Pay, and Wire Transfers.

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AXI Investment Assets

AXI is usually a Forex Broker and they offer currency pairs that are over 80 in number.

There are lots of exotic currencies as well as minor currency pairs available with AXI for investment.

AXI also has more than 30 CFDs and has a mixture of soft and hard commodities.

Over the years it has started investment options for cryptocurrencies as well which is 6 in number at present.

New account holders and retail traders will have lots of options and opportunities to try on but at the same time, advanced traders will feel limited on this platform.

They have spread starting from 0 pips with a $7 commission upfront which will benefit a lot of traders who look for competitive brokerage fees and trade in huge volumes.

You can also trade in Oil, metals, Gold, Silver, bullion, and other indices.

AXI Commission – Conclusion

AXI trader is a trustworthy and great platform to start with. It gives an array of features for the new and experienced traders on different levels.

The platform has educational tools to help out inexperienced traders.

The noticeable thing about this trader is the brokerage and commission charged which is completely based on the type of account you go for.

Spreads are starting from 0 pips and then there are commission charges of $7 round trip which is highly competitive in today’s date.

The leverage can go up to 1:500 which is a bit on the higher side and apart from this there are no hidden AXI fees, AXI brokerage, and AXI commission.

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AXI Charges or Fees – FAQs

Here are the FAQs related to the AXI Brokerage Charges or Fees:

Do AXI charges commission?

Yes AXI charges a commission for traders who opt for the Pro trading plan.

They charge a fee of $7 round trip in USD for a particular PRO account.

How much does AXI charge brokerage?

AXI does not charge additional brokerage however they levy a fee of $7 round trip in USD when you opt for the Pro account type commission plan.

What is the Minimum Deposit required in AXI?

There are no minimum deposit rules set for AXI trading account holders and you can deposit any amount you wish to continue with.

They don’t even incur fees for deposits and withdrawals, however, a third party may levy processing charges accordingly.

How much leverage does AXI provide?

AXI provides leverage of 1:400 but then it can go up to 1:500 which is a bit high as compared to other brokers of this stature.

You can also set the leverage as per your convenience.

How much is spread at AXI?

The spread for USD/EUR starts from 0.44 pips and can go up to 1.24 pips depending on the type of account.

For the USD/GBP pair, the spread can go from 0.85 up to 1.73. For standard account holders, the minimum spread is 1.0 pips. The minimum spread that AXI provides is 0 pips.

What type of Commission Plans are available in AXI?

AXI offers two types of commission plans which are the Standard type commission plan and Pro type commission plan.

Does AXI provide Cryptocurrency for Investment?

Yes, AXI broker offers cryptocurrency for investment to the traders. At present, there are 6 cryptocurrencies available with them.

Is AXI a legit Forex Broker?

AXI is regulated by the Financial Conduct Authority or FCA based out of the United Kingdom and Australian Securities Investment Commission and these regulatory authorities are trusted financial regulators. Thus you can rely on AXI.

Can I invest in AXI for $5?

There is no minimum amount required by AXI to invest or Deposit and hence you can start trading with $5 as well.

Are there any hidden charges available with AXI?

There are no hidden charges or commission fees incurred by AXI and everything is described beautifully on their website regarding pricing.

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