Overall, Axi is considered low-risk, with an overall Trust Score of 89 out of 100. Axi is licensed by three Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). Axi offers three different retail trading accounts as well as Demo and Islamic accounts. Axi is currently not regulated by the CMA of Kenya.
- Maryke Myburgh
Jump to:
What is Axi and how does it work?
Axi is an online forex and CFD broker. In plain terms, it gives traders access to markets like forex pairs, indices, commodities, shares, crypto CFDs, and other CFD products.
Axi is especially known for MetaTrader 4 trading. It also offers tools such as Autochartist, copy trading, WebTrader, and Axi Select, which is its funded trader pathway for qualifying clients.
Is Axi legal in Kenya?
Yes, Kenyan traders can generally access international brokers like Axi, depending on the broker’s current onboarding rules. But Axi is not currently shown on Kenya’s CMA online forex broker licensee list.
| Category | Details |
| 🏦 Main Group Background | Axi is an Australia-founded forex and CFD broker with a long operating history. |
| 🏦 Office Address | The office address depends on the Axi legal entity used during onboarding. |
| 📧 Email Support | service@axi.com; regional support channels may differ. |
| 📞 Phone Support | Regional telephone support may be available, depending on the client’s location. |
| 💬 Live Chat | Available through the support section on the Axi website. |
| ⏱️ Customer Support Hours | Generally available 24 hours a day, five days a week, depending on the region. |
| 🌐 Official Website | www.axi.com |
| 🚀 Sign up | Open Account |
Axi Regulation Details
| 🌎 Regulatory Body | 🇨🇴 Regulator | 🔢 Axi Entity | ⏺️ Licence / Registration Details |
| Region / Country | Regulator | Axi Entity | Licence / Registration Details |
| Australia | Australian Securities and Investments Commission | Axi Pty Ltd / AxiCorp-related entity | ASIC-regulated entity |
| United Kingdom | Financial Conduct Authority | Axi Financial Services UK Ltd / AxiCorp-related UK entity | FCA-regulated entity |
| Dubai / DIFC | Dubai Financial Services Authority | AxiCorp Financial Services Pty Ltd DIFC Branch / related entity | DFSA-regulated branch |
| New Zealand | Financial Markets Authority | Axi-related entity | FMA-regulated entity, where applicable |
Axi says its group of companies holds financial trading licences in different regions, and Axi’s company news confirms that it has expanded regulation through an FSC Mauritius licence. Axi also states that its Dubai branch is regulated by the DFSA, adding to FCA and ASIC licences.
Is Axi regulated in Kenya?
No. Axi is not currently listed as a CMA-regulated online forex broker in Kenya.
That is the key difference between Axi and brokers that have a local CMA licence. Axi may have respected global regulation, but Kenyan traders should not confuse that with local CMA protection.
If you specifically want a broker regulated by Kenya’s Capital Markets Authority, use the CMA licensee list and choose a broker shown there.
How do I check if Axi is really licensed by the CMA?
- Start with the CMA licensee portal. Search for:
- Axi
- AxiTrader
- AxiCorp
- Axi Financial Services
- Any Kenyan company using the Axi brand
At the time of this update, Axi does not appear on the CMA online forex broker licensee list. The CMA page lists licensed online forex brokers under categories such as dealing online forex broker and non-dealing online foreign exchange broker.
Axi Account Options and Features for Kenyan Traders
| Live Account Type | Minimum Deposit | Open Account | Leverage | Spreads |
| Standard Account | $5 USD | 👉Open Account | Up to 1:1000 on some international structures | From around 0.9 pips / spread-only style |
| Pro Account | $500 USD | 👉Open Account | Up to 1:1000 on some international structures | From 0.0 pips + $7 round-turn commission |
| Elite Account | $25,000 USD | 👉Open Account | Up to 1:1000 on some structures | From 0.0 pips + lower commission |
| Islamic Account | $5 USD | 👉Open Account | Depends on entity | Swap-free terms |
| Demo Account | Free | 👉Open Account | Practice conditions | Simulated pricing |
Standard Account
| Account Feature | Value |
| 💰 Account setup costs | None |
| 📊 Average spreads | From 0.4 pips |
| 💸 Commissions on trades | None |
| 📉 Minimum Position Size | 0.01 lots |
| 💵 Minimum deposit requirement | 5 USD |
| 📊 Range of markets | All |
| 📱 Mobile trading offered? | Yes |
| ✔️ MT4 NextGen offered? | Yes |
| ✔️ Margin and Leverage offered? | Margin from 3.33% Leverage up to 1:500 |
| 💵 Base Account Currency | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| ✔️ Demo trading availability | 30 days |
| 💻 VPS | Yes, free |
| 🧑💻 Expert Advisors offered? | Yes |
| ✔️ AutoChartist | Yes |
| ✔️ Myfxbook AutoTrade offered? | Yes |
| ✔️ PsyQuation offered? | Yes |
| ✔️ PsyQuation Premium offered? | Yes |
| 👉Open Account | 👉Open Account |
Pro Account
| Account Feature | Value |
| 💰 Account setup costs | None |
| 📊 Average spreads | From 0.0 pips |
| 💸 Commissions on trades | $7 round trip |
| 📉 Minimum Position Size | 0.01 lots |
| 💵 Minimum deposit requirement | 500 USD |
| 📊 Range of markets | All |
| 📱 Mobile trading offered? | Yes |
| ✔️ MT4 NextGen offered? | Yes |
| ✔️ Margin and Leverage offered? | Margin from 3.33% Leverage up to 1:500 |
| 💵 Base Account Currency | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| ✔️ Demo trading availability | 30 days |
| 💻 VPS | Yes, free |
| 🧑💻 Expert Advisors offered? | Yes |
| ✔️ AutoChartist | Yes |
| ✔️ Myfxbook AutoTrade offered? | Yes |
| ✔️ PsyQuation offered? | Yes |
| ✔️ PsyQuation Premium offered? | Yes |
| 👉 Open Account | 👉Open Account |
Elite Account
| Account Feature | Value |
| 💰 Account setup costs | None |
| 📊 Average spreads | From 0.0 pips |
| 💸 Commissions on trades | From $3.50 round trip |
| 📉 Minimum Position Size | 0.01 lots |
| 💵 Minimum deposit requirement | $25’000 USD |
| 📊 Range of markets | All |
| 📱 Mobile trading offered? | Yes |
| ✔️ MT4 NextGen offered? | Yes |
| ✔️ Margin and Leverage offered? | Up to 1:400 |
| 💵 Base Account Currency | USD, EUR, GBP, AUD |
| ✔️ Demo trading availability | 30 days |
| 💻 VPS | Yes, free |
| 🧑💻 Expert Advisors offered? | Yes |
| ✔️ AutoChartist | Yes |
| ✔️ Myfxbook AutoTrade offered? | Yes |
| ✔️ PsyQuation offered? | Yes |
| ✔️ PsyQuation Premium offered? | Yes |
| 👉Open Account | 👉Open Account |
Demo Account
| Value | |
| 🔎 Axi Account | 🆓 Demo |
| 💰 Cost | Free |
| 💵 Virtual Funds | $50’000 USD |
| 🚩 Account Manager | Yes |
| 🤝 24/5 Client Support | Yes |
| 💻 MetaTrader4 | Yes |
| ✅ Valid | 30 Days |
| 👉 Open Account | Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 |
| 📉 Spread Pips | Depends on account type |
| 💰 Minimum Deposit | Depends on region and account setup |
| 📈 Maximum Leverage | Depends on entity and product |
| 💹 Trading Instruments | Forex and CFDs depending on account rules |
| 🏆 Best For | Traders who need swap-free trading terms |
| ✅ Advantages | No swap fees or interest payments under Islamic account conditions |
| 👉 Open Account | Open Account |
Does Axi Kenya have different account types, or just one account?
Axi has several account types, but the structure is still fairly simple.
The Standard Account is for traders who want no commission and spread-only pricing. The Pro Account is for traders who want lower spreads and are happy to pay commission. The Elite Account is for high-volume traders who want reduced commission. Islamic account terms are available for traders who need swap-free conditions.
What is the Axi Pro Account, and is it the same as the normal trading account?
No. The Pro Account is not the same as the Standard Account.
The Standard Account usually builds the trading cost into the spread. The Pro Account offers spreads from 0.0 pips but charges commission. Axi states that Pro forex trading is charged at USD $3.50 per lot per side, or $7 round trip.
Step-by-Step Guide to Opening an Axi Account in Kenya
1. Visit the Axi Website
Go to www.axi.com and click on the “Open Live Account” button at the top right corner of the homepage.
2. Fill in Your Personal Information
Enter your full name, email address, country of residence, and mobile number. Then create a secure password.
3. Select Account Type
Choose your preferred account type (Standard or Pro), base currency, and trading platform (MT4 or ATP).
4. Provide Identity Verification
Upload required documents for KYC verification, such as a valid passport or ID and a recent utility bill or bank statement.
5. Complete Financial Details
Answer a few questions about your trading experience, employment status, and financial background to comply with regulatory standards.
6. Fund Your Account
Once approved, log into your Axi client portal and deposit funds using available payment methods like bank transfer, credit/debit card, or e-wallet.
7. Start Trading
Download the MT4 or Axi Trading Platform, log in with your account credentials, and begin trading on your chosen markets.
Axi Vs Alpari Vs RoboForex – Broker Comparison
| Axi | Alpari | RoboForex | |
| ⚖️ Regulation | ASIC, SVG, FCA, FMA, DFSA | FSC | IFSC |
| 📱 Trading Platform | MetaTrader 4 | MetaTrader 4 MetaTrader 5 Alpari Mobile App | MetaTrader 5 MetaTrader 5 cTrader R StocksTrader RoboForex Terminal CopyFX App |
| 💸 Withdrawal Fee | Yes | Yes | Yes |
| 💻 Demo Account | Yes | Yes | Yes |
| 💵 Min Deposit | 646 KES | 570 KES | 1,100 KES |
| 📊 Leverage | 1:500 | Up to 1:1000 | 1:2000 |
| 📊 Spread | 0.0 pips | From 0.4 pips | 0.0 pips |
| 💰 Commissions | From $3.5 | $1.5 | $3 to $4 |
| 🛑 Margin Call/Stop-Out | From 90%/50% | 60% to 120% 30% to 100% | Stop-out 100% to 10% |
| 💵 Order Execution | Market | Instant and Market | Market |
| 💰 No-Deposit Bonus | None | No | Yes |
| 💵 Cent Accounts | No | No | No |
| 💻 Account Types | Standard Account Pro Account Elite Account | Forex Standard Account Forex Micro Account Forex ECN Account Forex Pro Account | RoboForex Prime Account RoboForex ECN Account RoboForex R StocksTrader Account RoboForex ProCent Account • RoboForex Pro Account |
| ⚖️ CMA Regulation | None | None | None |
| 💸 KES Deposits | Yes | Yes | Yes |
| 💰 Kenyan shilling Account | No | No | No |
| 📞 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 🛍 Retail Investor Accounts | 2 | 4 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 💵 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 1,000 (US500) | 250 lots | 10,000 (Cent) |
| ⏰ Minimum Withdrawal Time | Instant | Instant | Up to 24 hours |
| 💻 Maximum Estimated Withdrawal Time | Between 1 to 3 Days | 3 to 5 Business Days | Up to 3 working days |
| 💵 Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes, Skrill and Neteller |
| 👉 Open Account | 👉Open Account | 👉Open Account | 👉Open Account |
What Trading Platforms Does Axi Offer?
The new Axi Trading Platform is built for traders who want everything in one straightforward mobile app. You can explore more than 650 markets, use TradingView-powered charts, manage your account, and fund it through supported local payment methods. It feels less technical than MetaTrader, which may suit beginners who want to place and monitor trades without spending hours learning a complicated platform. Product availability and payment options can still differ by country.
MetaTrader 4
MetaTrader 4 remains one of Axi’s main platforms and is a solid choice for forex and CFD traders who want familiar charts, technical indicators, and support for automated strategies. It is available on desktop, Mac, Android, and iOS, so traders can open, monitor, and adjust positions from almost anywhere. Axi’s MT4 offering provides access to more than 150 markets and can support Expert Advisors, custom indicators, and different trading styles.
MT4 WebTrader
MT4 WebTrader lets you trade from your browser without installing the desktop platform. This is useful if you are using a shared computer, office laptop, or device where you do not want to install software.
It is not as deep as desktop MT4, but it is practical for quick access.
Axi Trading Platform App
Axi Copy Trading App
The Axi Copy Trading App allows you to follow experienced traders and automatically copy their positions into your own account. You still decide how much capital to allocate and which traders to follow, so it is not completely hands-off. The app covers markets such as forex, shares, indices, commodities, and cryptocurrencies, making it useful for beginners who want to observe real strategies while learning how the markets work. Copy trading still carries risk, and another trader’s past results do not guarantee future profits.
MetaTrader 5
MetaTrader 5 is Axi’s newer and more advanced MetaTrader option. It offers more chart timeframes, additional order types, Depth of Market, a built-in economic calendar, and faster strategy testing than MT4. This makes it better suited to traders who want broader multi-asset access, more detailed analysis, or stronger automated-trading features. MT5 can be used on desktop and mobile devices, while Axi also supports integrated copy trading on the platform.
MT5 WebTrader
MT5 WebTrader allows Axi clients to use MetaTrader 5 directly through a web browser. There is nothing to download, so you can sign in from a compatible computer or device with an internet connection and access the main MT5 trading functions. It is a practical option for checking charts, placing orders, and managing trades while away from your usual setup, although the installed desktop version may still provide a fuller experience for technical analysis and automated trading.
AI Analyst Beta
Axi’s AI Analyst Beta is designed to make market analysis easier to understand, particularly for newer traders who may find traditional charting tools overwhelming. The AI-powered feature can help users examine markets and receive analysis in clearer, more conversational language. It should be treated as a research and learning aid rather than an automatic signal service. Traders still need to check the market conditions, apply proper risk management, and make their own decisions before opening a position.
Axi Trading Tools
Axi provides several supporting tools for traders who want more information before placing a trade. These include market analysis, economic-event guides, trading education, Autochartist, and platform enhancements such as MT4 NexGen. The tools can help traders identify market patterns, follow important economic announcements, manage orders, and understand potential opportunities. They are most useful when included as part of a wider strategy rather than used as a substitute for personal analysis.
Axi Trading Calculators
Axi’s trading calculators help traders work out important figures before entering the market. Available tools include a margin calculator, profit-and-loss calculator, pip calculator, currency converter, and NOP calculator. They can be used to estimate the margin required for a position, calculate the possible value of each pip, compare currencies, and review potential profits or losses. This makes them especially useful for position sizing and risk planning before a trade is opened.
What trading platforms does Axi offer?
Axi offers MetaTrader 4, MT4 WebTrader, the Axi Trading Platform app, and the Axi Copy Trading app. MT4 is still the main platform for most Axi traders.
Axi does not have the same broad native platform lineup as some competitors. If you want MT5, cTrader, or TradingView as your main setup, Axi may feel narrower than brokers like FP Markets or Pepperstone.
Can I trade with Axi on my phone?
Yes. You can trade with Axi on your phone through MT4 mobile, the Axi Trading Platform app, or the Axi Copy Trading app.
Mobile trading is useful for checking prices, managing open positions, and closing trades. But it is not ideal for rushed decisions. Do proper analysis on a larger screen where possible.
Which Financial Instruments Does Axi Offer in Kenya?
| Market Type | Description | Examples |
| 🏦 Forex CFDs | Trade major, minor, and exotic currency pairs without owning the underlying currencies. | EUR/USD, GBP/USD, USD/JPY, AUD/USD |
| 📊 Index CFDs | Speculate on the performance of major global stock market indices. | S&P 500, NASDAQ-100, DAX, FTSE 100 |
| 📈 Share CFDs | Trade price movements in individual company shares without buying the actual stock. | Apple, Tesla, Microsoft, Amazon, Google |
| 🛢️ Commodity CFDs | Access energy, agricultural, and other global commodity markets. | Crude oil, natural gas, coffee, cocoa |
| 🪙 Metals CFDs | Trade precious and industrial metals through CFD contracts. | Gold, silver, copper |
| 🚀 Crypto CFDs | Speculate on cryptocurrency prices without purchasing or storing digital coins. Availability depends on the trader’s region. | Bitcoin, Ethereum, Litecoin |
| 📈 ETFs and Equities | Access to ETFs, global shares, and selected equity-related products may be offered through certain Axi platforms or regional structures. | ETFs, global shares, selected IPO-related opportunities |
Axi Fees Explained
Spreads and Commissions
Axi uses different pricing depending on the account.
The Standard Account is simpler because the trading cost is mostly built into the spread. The Pro Account offers spreads from 0.0 pips and charges $7 round-turn commission. The Elite Account is designed for high-volume traders and Axi says it has a $3.50 round-trip commission.
| Instrument | Typical Spread | Commission |
| Forex Majors | Standard Account uses spread-only pricing; Pro Account spreads can start from 0.0 pips. | Standard: no commission; Pro: $7 round turn |
| Forex Minors and Exotics | Variable spreads based on the currency pair and market conditions. | Depends on the account type and instrument |
| Indices | Variable spreads that change with market liquidity and volatility. | Usually included in the spread; check the live platform |
| Shares | Variable pricing depending on the company share and underlying market. | Depends on the account type and market traded |
| Commodities and Energies | Variable spreads across metals, oil, gas, and agricultural products. | Standard pricing is generally commission-free; Pro pricing may vary |
| Crypto CFDs | Variable spreads depending on the cryptocurrency and market conditions. | Check the live Axi platform for current charges |
| Elite Account Markets | Spreads can start from 0.0 pips on selected instruments. | From $3.50 round trip, according to Axi’s account information |
Swap Fees Overnight Charges
If you hold positions overnight, swap fees may apply.
These vary by instrument and direction:
• Forex: swap can be positive or negative
• Indices: overnight funding usually applies on cash CFDs
• Shares: financing charges may apply
• Metals: swap depends on direction and interest-rate conditions
• Crypto CFDs: check live terms because crypto CFD costs vary by entity
Axi also offers Islamic accounts with no swap fees or interest payments for eligible traders.
Axi Fees Explained
Deposit and Withdrawal Fees
Deposit and Withdrawal Fees Axi’s international pages say payment options vary by country. Axi also states that deposits by debit and credit card are generally instant, while bank transfers can take 2-3 business days or more.
| Method | Deposit Fee | Withdrawal Fee |
| Visa / Mastercard | Usually free from Axi’s side, although card providers may apply their own charges. | Usually free from Axi’s side, but withdrawal limits or card restrictions may apply. |
| Bank Transfer | Axi may not charge a deposit fee, but the sending bank could apply a transfer charge. | The receiving or intermediary bank may charge a fee. |
| Skrill | Fees and availability depend on the trader’s country and account entity. | Fees and withdrawal conditions vary by region. |
| Neteller | Charges and availability depend on the region and account setup. | Fees may apply depending on the country and withdrawal method. |
| Crypto / Tether | Available in selected regions. Network or blockchain fees may apply. | Network charges may apply, and availability depends on the account entity. |
| International Wire | Axi may not charge directly, but sending and intermediary banks can apply fees. | Receiving and intermediary banks may deduct charges from the withdrawal amount. |
Does Axi charge commission, or is everything built into the spread?
It depends on the account. On the Standard Account, Axi says there are no commissions. On the Pro Account, Axi charges USD $3.50 per lot per side, or $7 round trip, together with lower spreads.
So Standard is simpler. Pro may be cheaper for active traders if the lower spreads offset the commission.
Are deposits and withdrawals free with Axi?
Axi generally promotes low-cost funding and withdrawal options, but “free” does not always mean your payment provider is free.
Your bank, card provider, wallet provider, crypto network, or currency conversion provider may still charge. Kenyan traders should be especially careful with KES-to-USD conversion costs.
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 KES
Regulators
FSA, FCA, ASIC, DFSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
66
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Deposits and Withdrawals
| Method | Deposit Speed | Withdrawal Speed | Best For |
| Visa / Mastercard | Generally instant | Usually several business days depending on provider | International traders |
| Bank Transfer | 2-3 business days or more | 2-5 business days or more | Larger deposits |
| Skrill | Often fast | Usually faster than bank wire | E-wallet users |
| Neteller | Often fast | Usually faster than bank wire | E-wallet users |
| Crypto / Tether | Depends on network | Depends on network | Traders comfortable with crypto funding |
| International Wire | 2-3 business days or more | 2-5 business days or more | Kenya traders without local wallet support |
| M-Pesa | Not clearly confirmed | Not clearly confirmed | Kenyan traders should verify before registration |
Note for Kenya traders: Axi payment methods are not as Kenya-local as brokers that clearly support M-Pesa. Kenyan traders may need to use card, bank transfer, e-wallets, or crypto funding if available in their client portal.
How long does Axi take to process deposits and withdrawals?
Card deposits are generally faster than bank transfers. Axi says debit and credit card deposits are generally instant, while bank transfers can take up to 2-3 business days or more.
Withdrawals can take longer because Axi must process the request and then the bank, card network, wallet, or crypto network must release the funds.
Why is my Axi withdrawal delayed or not showing in my bank account?
The common issue is this: Axi may process the withdrawal, but your bank or payment provider still needs time to settle the funds.
Bonuses and Promotions
Axi does not currently offer any bonuses or promotions to Kenyan traders.
Partnership
Introducing Brokers
Axi’s Introducing Broker program is designed for individuals or businesses that refer traders to the broker and earn commission based on their clients’ trading activity. It can suit trading educators, signal providers, community owners, and financial websites with an established audience. Partners may receive tracking tools, marketing support, and account-management assistance, although commission structures and eligibility can differ by region.
Affiliate Program
The Axi Affiliate Program allows publishers, website owners, influencers, and digital marketers to earn money by referring new clients to Axi. Affiliates usually promote the broker through tracked links, banners, or online campaigns and receive payment when referred users meet the required conditions. The exact payment model, approval rules, and available marketing materials depend on the affiliate agreement and the country being targeted.
Hybrid Program
Axi’s Hybrid Program combines elements of affiliate and Introducing Broker compensation. Instead of relying on only one payment model, approved partners may be able to earn an upfront reward for qualified referrals together with ongoing commission from client trading activity. This can be useful for partners who want both faster initial earnings and longer-term revenue, but the final terms depend on Axi’s approval and regional program conditions.
MT4 PAMM Manager
The MT4 PAMM Manager is built for professional money managers who trade on behalf of multiple investors through a single master account. Trades placed by the manager are allocated across linked client accounts according to each investor’s balance or agreed allocation method. It can make portfolio management more efficient, but investors still carry trading risk and should carefully review the manager’s experience, fees, and strategy before committing funds.
MT4 Multi-Account Manager
Axi’s MT4 Multi-Account Manager allows professional traders and asset managers to manage several client accounts from one trading interface. Orders can be placed across multiple accounts at the same time, with different allocation methods available depending on the setup. It is mainly intended for experienced managers handling client capital, rather than ordinary retail traders managing only their own account.
Axi Corporate Social Responsibility
Axi is committed to helping to improve the lives of people from around the world. Axi has a chosen local charity namely STaR Association. By working together to assist improve the lives of children and their families in local communities, Axi and STaR are delighted to be a part of several initiatives.
The STaR Association is dedicated to helping children with special needs and disabilities reach their full potential. The way they do this is by enrolling, training, and integrating them into local childcare facilities.
- There were just five children in the first day-care centre when STaR opened in 2002
- To date, more than 400 children and their families have been helped by 27 day-care centres.
- Childcare facilities in Sydney’s west and north-west are supported by STaR.
- Inclusion of children with impairments at an early age has been a success in these programs.
- Those who have impairments can benefit from STaR’s lifetime education programs.
Axi At a Glance
| 🏛 Headquartered | Australia |
| ⚖️ Local Market Regulator in Kenya | No |
| 💰 Foreign Direct Investment in Kenya | 1.3% of the overall GDP |
| 💸 Foreign Exchange Reserves in Kenya | 8.2 billion USD |
| 🏛 Local office in Nairobi? | No |
| ⚖️ Governor of SEC in Kenya | None |
| ✔️ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2007 |
| 📞 Kenyan Office Contact Number | None |
| 📱 Social Media Platforms | Facebook Telegram |
| ⚖️ Regulation | ASIC, SVG, FCA, FMA, DFSA |
| 1️⃣ Tier-1 Licenses | Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA) Financial Markets Authority (FMA) |
| 2️⃣ Tier-2 Licenses | Dubai Financial Services Authority (DFSA) |
| 3️⃣ Tier-3 Licenses | Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) |
| 🪪 License Number | Australia – AFSL 318232, ABN 85127606348 Saint Vincent and the Grenadines – 25417 United Kingdom – 509746 New Zealand – FSP 518226 Dubai – F003742 |
| ⚖️ CMA Regulation | None |
| ❌ Regional Restrictions | United States, Canada, Iran |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| ✔️ PAMM Accounts | Yes, MAM |
| 💧 Liquidity Providers | Yes, 14 global banks |
| 💰 Affiliate Program | Yes |
| 💻 Order Execution | Market |
| 📊 Starting spread | 0.0 pips, Variable |
| 💰 Minimum Commission per Trade | From $3.5 |
| 💸 Decimal Pricing | Up to 5 digits after comma |
| 📞 Margin Call | 90% |
| 🛑 Stop-Out | 50% |
| 💰 Minimum Trade Size | 0.01 lots |
| 💵 Maximum Trade Size | 1,000 (US500) |
| ✔️ Crypto trading offered? | Yes, CFDs |
| ✔️ Offers a KES Account? | No |
| 👥 Dedicated Kenyan Account Manager? | No |
| 📈 Maximum Leverage | 1:500 |
| 📋 Leverage Restrictions for Kenya? | No |
| 💰 Minimum Deposit (KES) | 646 KES ($5) |
| ✔️ Kenyan shilling Deposits Allowed? | Yes, local payment methods are offered |
| 👥 Active Kenyan Trader Stats | 70,000+ |
| 🤝 Active Kenyan-based Axi customers | Unknown |
| 💰 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | Credit and Debit Card Bank Transfers Internet Banking (International) QR Payments Electronic Payment Gateways |
| ⏰ Minimum Withdrawal Time | Instant |
| 🕙 Maximum Estimated Withdrawal Time | Between 1 to 3 Business Days |
| ✔️ Instant Deposits and Instant Withdrawals? | Yes |
| 🏧 Segregated Accounts with Kenyan Banks? | Yes |
| 💻 Trading Platforms | MetaTrader 4 |
| 💵 Tradable Assets | Forex Share CFDs Indices Commodities Oil Precious Metals Cryptocurrency CFDs CFDs |
| ✔️ Offers USD/KES currency pair? | No |
| 📊 USD/KES Average Spread | N/A |
| ✔️ Offers Kenyan Stocks and CFDs | None |
| 🗣 Languages supported on the Website | English |
| 📞 Customer Support Languages | Multilingual |
| ✔️ Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 🧑💻 Kenyan-based customer support? | No |
| 💰 Bonuses and Promotions for Kenyans | None |
| 📚 Education for Kenyan beginners | Yes |
| ✔️ Proprietary trading software | No |
| 🥇 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✔️ Is Axi a safe broker for Kenyans? | Yes |
| 🥇 Rating for Axi Kenya | 9/10 |
| 🎖 Trust score for Axi Kenya | 84% |
| 👉 Open Account | 👉 Open Account |
Axi Customer Support
| Support Channel | Details |
| ⏰ Operating Hours | 24/5, depending on region |
| service@axi.com / regional support emails may vary | |
| ☎️ Phone | Regional phone support may be available |
| 💬 Live Chat | Available on website |
| Not clearly confirmed for Kenya | |
| 🌐 Languages | English primary, multilingual support depending on region |
Axi Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Strong MT4-focused broker | Not CMA-regulated in Kenya |
| Standard and Pro account options | M-Pesa not clearly supported |
| Pro account spreads from 0.0 pips plus commission | MT5, cTrader, and TradingView are not the main platform focus |
| Axi Select funded trader pathway | Kenya traders may be onboarded under a foreign entity |
| Copy trading app available | Copy trading can increase risk if users copy blindly |
Conclusion
Axi is not currently listed as a CMA-regulated online forex broker in Kenya. That means Kenyan traders should not treat it as locally regulated. If something goes wrong, your complaint route depends on the entity that holds your account, not Kenya’s CMA.
So the honest verdict is this: Axi can work for experienced Kenyan traders who want MT4, low spreads, and global broker infrastructure. But for beginners in Kenya, a CMA-regulated broker with clear local payment methods may be the safer first choice.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
Frequently Asked Questions
Is Axi regulated in Kenya?
No. Axi is not currently listed as a CMA-regulated online forex broker in Kenya. Kenyan traders should treat Axi as a global broker, not a locally CMA-regulated broker.
Can Kenya traders use Axi?
Kenyan traders may be able to register with Axi depending on current onboarding rules. Before depositing, check which legal entity will hold your account, what regulator applies, and which payment methods are available.
What is the minimum deposit for Axi?
Axi does not show a fixed high minimum deposit for its main Standard and Pro accounts. Some funding methods may still have their own minimums, and Axi Select has separate qualification requirements. Axi’s copy trading help page also says there is no minimum deposit requirement for copiers.
Does Axi accept M-Pesa?
M-Pesa is not clearly confirmed as an Axi payment method for Kenyan traders on the public pages checked. Kenya traders should verify available payment methods inside the Axi client portal before opening an account.
What spreads does Axi offer?
Axi offers spread-only pricing on the Standard Account and raw-style spreads from 0.0 pips on the Pro Account. The Pro Account charges $7 round-turn commission.
Is Axi a scam?
Axi does not appear to be a scam. It is a long-running international broker with regulated entities and public legal documentation. But Kenyan traders should still be careful because Axi is not locally CMA-regulated in Kenya.
What is the maximum leverage on Axi?
Maximum leverage depends on the legal entity, account type, instrument, and client classification. Some international Axi pages mention leverage up to 1:1000. High leverage is risky and can cause fast losses.
Do I need KYC verification?
Yes. You need KYC verification before full account use and withdrawals. This usually means uploading ID, proof of address, and sometimes payment or source-of-funds documents.
How long does verification take?
Verification can be quick if your documents are clear. If your ID, proof of address, or payment method verification is rejected, it can take longer.
Can I trade crypto on Axi?
Yes, Axi offers crypto CFDs where available. You do not own the coins. You are trading the price movement through CFDs.
Does Axi offer copy trading?
Yes. Axi offers copy trading through the Axi Copy Trading app, which links to an MT4 trading account.
Does Axi offer Autochartist?
Yes. Axi offers Autochartist as an MT4 plugin and trading tool.
Does Axi charge commission?
The Standard Account has no commission. The Pro Account charges $3.50 per lot per side, or $7 round trip. The Elite account has lower commission for eligible high-volume traders.
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