What Account Types and Fees Does Axi Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low spreads, user-friendly platform |
Suitable for small-capital trading |
| Pro Account |
Experienced Traders |
Competitive spreads, direct market access |
Higher trading volume recommended |
| Elite Account |
Professional Traders |
Free VPS, premium support |
Requires higher capital |
| Islamic Account |
Muslim Traders |
Swap-free trading options |
Complies with Shariah law |
| Demo Account |
All Traders |
Practice trading with virtual funds |
30-day trial with $50,000 in virtual funds |
Account Opening Process
To open an account with Axi, prospective traders must complete a straightforward process that includes submitting personal, employment, and financial information. This involves providing identity verification documents such as a government-issued ID and proof of address. Once these steps are completed, traders can start with a basic account and have the flexibility to upgrade to a professional account later on, depending on their trading needs and experience level.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.1 |
$0 (Standard), $3.5 (Pro) |
Competitive spreads for major pairs |
| CFDs (Stocks) |
Varies |
$12/round lot |
Based on underlying asset |
| CFDs (Indices) |
Varies |
$12/round lot |
Based on underlying asset |
| CFDs (Commodities) |
Varies |
$12/round lot |
Based on underlying asset |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Traders should be aware of potential costs associated with their accounts, including deposit and withdrawal fees that may apply depending on the payment method used. Axi does not impose inactivity fees, ensuring that traders are not penalized for holding accounts without activity. Additionally, there may be overnight interest charges (swap rates) associated with positions held overnight, and currency conversion fees may apply when trading in different currencies.
