Axi does offer an Islamic, Swap-Free account option and Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. The Client Services Team will assist applicants in opening an Axi Islamic, Swap-Free account.
At a Glance
| 🔎Broker | Axi |
| Company Information | |
| 📅Year Founded | 2007 |
| 👨Current CEO | Rajesh Khosla |
| 🧑🏻🤝🧑🏻Founder/s | Axi was co-founded by a team of industry experts, including the founder of the original AxiTrader. |
| ❌Not available to: | AU, NZ, EU & UK residents |
| 🧑🏿🤝🧑🏼Partner | Partner of London & Eastern LLP. |
| Promoted by | AxiTrader Ltd. |
| 🧑🏻💻Amount of staff | 200+ |
| 👩💻Amount of active traders | 150 000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, FCA, DFSA |
| 🌎Country of regulation | Australia (*Not available in all jurisdictions.) |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 2FA authentication | Yes |
| 🔋Investor Protection Schemes | Yes (Provided by ASIC) |
| Account Types and Features | |
| ➕Accounts | Yes |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | AUD, USD, EUR, GBP, JPY, NZD, CAD |
| 💰Minimum Deposit | $0 for standard accounts; $2,000 for institutional accounts |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 days |
| 🪙Fund Withdrawal Fee | None |
| 📊Spreads from | 0.0 pips (Raw accounts) |
| 💸Commissions | $7/lot (Raw accounts) |
| 💱Number of base currencies supported | 10+ |
| 🚀Swap Fees | Yes |
| 📈Leverage | Up to 1:500 |
| 📏Margin requirements | Yes |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 30ms |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 500+ |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| ⏲️Watch list | Yes |
| 🔔Trade Alerts | Yes |
| 💶Trading Stocks with GP | Yes |
| 💵Trading Indices with GP | Yes |
| 📌Swap on trading board | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-wallets (like PayPal, Skrill) |
| 💵Withdrawal Options | Bank Transfers, E-wallets, Credit/Debit Cards |
| Welcome Bonus | Varies; check current promotions |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5) |
| 🆕Capital allocation program | Axi Select |
| Stop-loss Instrument | Yes |
| Investor Protection Schemes | Yes (provided by ASIC) |
| 👩💻OS Compatibility | Windows, Mac, iOS, Android |
| 🖥️Forex trading tools | Economic calendar, market analysis, trading signals |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@axi.com |
| 📞Customer Support Contact Number | +61 2 9965 5830 |
| 🗣️Languages supported on Website | Axi’s version of the trading platform supports 13 languages: English, Arabic, Spanish, Indonesian,, Thai, Vietnamese, Chinese (Traditional), Chinese (Simplified), French, Italian, Portuguese, and Japanese. |
| Educational Resources and Support | |
| 💁Beginners Trader friendly UX | Yes |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 10,000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, Axi sponsors various sporting events and teams. |
| 🪙Rebate program | Yes |
| Community Forum | Yes |
| Social media Platforms | Facebook, Twitter, LinkedIn, YouTube, Instagram |
| Official Website address | axi.com |
| Official Facebook Page | Axi on Facebook |
| Official Twitter Page | Axi on Twitter |
| Official Youtube Channel | Axi on YouTube |
| Official LinkedIn Page | Axi on LinkedIn |
| Official Instagram Page | Axi on Instagram |
| Accept South Africa Traders? | Yes |
| Is Axi regulated by the South Africa regulatory body (FSCA)? | No; regulated by ASIC, not FSCA. |
| Does Axi offer an Affiliate Program for South African Traders? | Yes. |
| Does Axi allow accounts to be opened in ZAR / Rands? | Yes, South African traders can open accounts in ZAR. |
| 👉Open Account | 👉Open Account |
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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Official Site
Axi Islamic Account – Key Point Quick Overview
- ☑️ Overview
- ☑️ Axi Islamic Account
- ☑️ How to open an Axi Account – Step-by-Step Guide
- ☑️ Customer Reviews
- ☑️ Pros and Cons
- ☑️ Our Findings
- ☑️ Conclusion
- ☑️ Frequently Asked Questions
Overview
Axi is a leading online Forex and CFD broker with offices worldwide. Founded in 2007 in Australia, Axi entities are regulated in several jurisdictions, including Australia, New Zealand, the UK, and the UAE.
Axi has grown from a two-person startup into an industry-leading global brokerage with offices in several parts of the world: Australia (Sydney), Dubai, Cyprus (Limassol), Singapore (Singapore), the United Kingdom (London), Malaysia (Kuala Lumpur), Vanuatu (Vanuatu), and the Philippines (Manila).
The broker offers a diverse range of trading instruments in Forex and CFD markets, catering to thousands of traders from over 100 countries worldwide. Committed to helping clients trade their edge, the broker partners with many organizations, such as London & Eastern LLP, to provide all-encompassing trading tools and services.
It offers several trading tools and platforms. For more experienced traders, the industry-standard MetaTrader 4 platform offers familiarity with competitive spreads, commission-free options, and high leverage (depending on the entity). Axi’s innovative platform ATP—or Axi Trading Platform—boasts advanced features with a user-friendly interface. Beginner traders can leverage Axi Copy Trading, which allows the automatic replication of high-performing traders’ strategies. Finally, Axi Select, Axi’s innovative capital allocation program, empowers ambitious traders with funding to propel their trading journey.
Axi Islamic Account
Axi offers an Islamic Swap-Free account option and Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. The Client Services Team will assist applicants in opening an Axi Islamic Swap-Free account.
| 🔎 Axi Account | 🥇 Islamic |
| 🔁 Swaps | No |
| 📈 Interest | No |
| ✅ Trading Products | 140+ |
| 💻 MT4 | Yes |
| 💰 Min. Deposit | $0 USD |
| 🚀 Open an Account | 👉Open Account |
How to open an Axi Account – Step-by-Step Guide
Step 1: Start Application
To start the account application, the applicant can click the open account button at the top right of the Axi webpage.
Step 2: Complete the Application.
The applicant must complete a simple application form and confirm their identification. Once the application has been approved, the account holder can fund their account.
Customer Reviews
🥇Excellent
“I’ve been trading with Axi for over a year, and the experience has been fantastic. Their platform is incredibly stable, and the spreads are very competitive. Customer service is always quick to respond, and withdrawals are processed smoothly. I also love their educational resources, which have helped me improve my trading skills. Highly recommend Axi to anyone looking for a reliable broker!” Reviewed: Samantha White
🥈Good
“I’ve had a solid experience with Axi. The platform is user-friendly, and the spreads are reasonable. Customer support is usually helpful, although I had one instance where I had to wait longer than expected for a response. Withdrawal times are good, and I trust their regulatory framework. They could improve their customer service speed, but overall, I’m satisfied with Axi as my broker.” Reviewed: Sally Abrahams
🥉Average
“Axi has some good features, like a solid platform and decent educational resources, but their customer support is hit or miss. Sometimes responses are quick, other times, it takes too long to get help. The spreads and conditions are okay, but I’ve had some slippage during busy market times. Withdrawal speeds are good, but they could step up their customer service and platform features.” Reviewed: George Stander
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by FCA (UK), ASIC (Australia), DFSA (UAE), and FMA (New Zealand) | Not regulated by the FSCA in South Africa |
| No minimum deposit required for standard accounts | No welcome bonus or promotional incentives |
| Tight spreads starting from 0.9 pips on Raw accounts | Stock trading is not available in all countries |
| Available for high-volume traders | Fewer cryptocurrency pairs available compared to competitors |
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Findings
Axi is a trustworthy broker that has proven its compliance with high regulatory standards and rather sound capitalization, which guarantees the trader’s stable and safe cooperation. It provides a solid trading platform with a tight spread, fast trade execution, and many tutorials. The broker excels in most aspects, but the customer support may be more proactive; extended refinements to the service offer will provide many benefits. However, it will always be crucial for traders to keep an eye on Axi since it provides a reliable foundation for trading with reasonable terms and definite regulations.
Conclusion
Overall, Axi offers an Islamic Swap-Free account option and Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
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Frequently Asked Questions
Does Axi make an Islamic account option available?
Yes, Axi offers Muslim investors an Islamic, Swap-Free account option.
Is the Axi Islamic Account Swap and Interest-Free?
Yes, the Axi Islamic account is swap and Interest-free, complying with Sharia Law.
How many products can I trade with an Axi Islamic Account?
Traders can choose from over 140+ Trading Products with an Axi Islamic Account.
What is the cost of opening an Axi Islamic Account?
Opening an Axi Islamic Account is free of cost, and no additional costs are required.
How do I open an Axi Islamic Account?
The Axi Client Services Team will assist Muslim applicants in opening an Axi Islamic, Swap-Free account.
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