Top 8 Locally Based Brokers
Axi Review
Overall, Axi is considered low-risk, with an overall Trust Score of 84% 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
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
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
Axi Review – 21 key points quick overview:
- ✅ Axi Overview
- ✅ Axi At a Glance
- ✅ Regulation and Safety of Funds
- Account Types and Features
- Account Registration
- Axi Vs Alpari Vs RoboForex – Broker Comparison
- Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- How to Deposit Funds with Axi
- Axi Fund Withdrawal Process
- Education and Research
- Bonuses and Promotions
- How to open an Affiliate Account with Axi
- Axi Affiliate Program Features
- Axi Corporate Social Responsibility
- Verdict on Axi
- Axi Pros and Cons
- FAQ
Axi Overview
👉 Overall, Axi is considered an average risk, with an overall Trust Score of 84 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 namely a Standard Account, Pro Account, and Elite Account.
👉 They were founded by traders for traders and hence provide tight spreads, minimum slippage, rapid execution speeds, and multilingual worldwide 24-hour customer care in a safe and highly regulated environment.
👉 Axi caters to traders of all skill levels, with their leading trading system being sophisticated enough for expert traders while being easy to use for novices.
👉 Integrity, honesty, trust, and openness are critical. They are always searching for methods to enhance their services to keep current with emerging technology and to continue providing exceptional customer assistance. Traders are assisted along their journey by a dedicated account manager.
👉 This Axi review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with Axi is as follows:
➡️ Brazil – 11.2%
➡️ Spain – 8.3%
➡️ United Kingdom – 6.4%
➡️ Malaysia – 5.3%
➡️ Poland – 4.2%
Popularity among traders who choose Axi
🥇 While Axi does not have a large market share in Kenya, the broker is still part of the Top 50 brokers that accept Kenyan traders.
Axi At a Glance
| 🏛 Headquartered | Australia |
| ⚖️ Local Market Regulator in Kenya | Capital Markets Authority (CMA) |
| 💰 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) | 0 KES ($0) |
| ✔️ 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 |
Regulation and Safety of Funds
👉 As a licensed broker, Axi is required to follow all regulations and standards in place to protect investors. Axi’s family of companies includes the following regulated entities:
➡️ In New Zealand, AxiCorp Financial Services Pty Ltd is registered under the trading name AxiTrader and the company is registered as a Derivatives Issuer under FSP 518226. Axi is well-regulated by the Financial Markets Authority (FMA) in New Zealand.
➡️ In Dubai, AxiCorp Financial Services Pty Ltd is registered as a Non-DIFC Company under F003742, regulated by the Dubai Financial Services Authority (DFSA), with the endorsement to carry on authorized financial services either for or with retail clients.
➡️ In Saint Vincent and the Grenadines Axi is registered as AxiTrader Limited as a BC-Business Company under registration number 25417.
➡️ In the United Kingdom Axi is regulated under Axi Financial Services (UK) Limited with reference number 466201 and AxiCorp Limited under reference 509746.
➡️ In Australia, AxiCorp Financial Services Pty Ltd holds an AFSL License under 318232 and is well-regulated by the Australian Securities and Investments Commission (ASIC) under the trading name AxiTrader.
👉 Remember that Axi is subject to different laws in different markets since the broker is overseen by different authorities. Client monies are maintained in separate trust accounts at leading institutions such as NAB and Lloyds.
👉 This implies that Axi cannot utilize customer cash for any other reason, such as operational expenses or hedging.
Account Types and Features
👉 Kenyan traders can choose from these retail trading accounts when they register with Axi:
➡️ Standard Account
➡️ Pro Account
➡️ Elite Account
Live Trading Accounts
Standard Account
👉 The Standard Account is Axi’s entry-level account, designed for Kenyan traders of all skill levels seeking the finest trading conditions at a price competitive with other brokers.
| 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 | 0 KES |
| 📊 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 |
Pro Account
👉 The Pro Account is intended for professional traders who understand how financial markets function, who practice sound risk management, and who have tested their techniques.
| 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 | 0 KES |
| 📊 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 |
Elite Account
👉 Elite Accounts are ideal for wholesalers and professional traders since they provide the following features and perks.
| 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 | 2,800,000 KES or an equivalent to $25,000 |
| 📊 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 |
Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and Axi offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
👉 Axi demo accounts are only accessible for 30 days, therefore Kenyan traders who sign up for a trial account should be aware of this.
Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 All Axi’s clients, no matter where they live, can expect top-notch service from a respected broker like Axi. It is possible for Muslim traders in Kenya who want to use Axi’s service to open a swap-free and interest-free account.
👉 Kenyan traders who open an Islamic account will get a Trading Notice outlining the account’s interest-free nature and the most basic rules and limitations.
Account Registration
👉 Kenyan traders can start an account with Axi by visiting the company’s official website and selecting the option to open an account from the homepage.
👉 Traders will be asked to submit an online application in which they will be expected to supply some personal information as well as information about their source of income.
👉 Additionally, as part of the KYC process, merchants must give a copy of their identification certificate and evidence of domicile. Once traders submit their documentation, their application will be examined and, if everything is in order, authorized.
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 | 0 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 |
Trading Platforms
👉 Axi only offers Kenyan traders access to MetaTrader 4 across desktop, web, and mobile devices.
Desktop Platforms
👉 This is the most widely used version of MetaTrader 4, which is used by millions of traders worldwide to trade the financial markets. You can access Axi’s entire range of trading instruments using the high-performance MT4 platform. To begin trading, just download and install MT4 for PC or Mac and log in to your account.
👉 MT4 has an intuitive interface and a plethora of advantages and features, including technical indicators for chart analysis, automatic trading, one-click trading, and customizable charts and tools. In addition, Axi’s MT4 has the benefit of co-located servers and fibre optics for faster trading.
WebTrader Platforms
👉 As well as the most advanced trading and analytical tools, MetaTrader 4 Web now provides extra services. Forex trading is a breeze with this software and Kenyans have the benefit that any trading strategy may be implemented using the robust MetaTrader 4 trading system.
👉 Instant Execution, trading from the chart and stop orders and trailing stops are all available to you. You can also see a tick chart and your trading history. Even the most complex trading strategies may be automated by using an Expert Advisor, which performs all the work for you.
👉 Trading robots may take care of both the trading and the analysis, saving you time and allowing you to focus on other aspects of your business.
Trading App
👉 The MT4 mobile platform enables you to connect any given iOS or Android mobile device to the trading platform in a simple manner. You can check real-time pricing, execute, and manage trades, view account history, monitor positions, create custom charts, and set alerts, among other features.
👉 This is advantageous for folks who need access to their account from many places. MT4 mobile is available for free download through the respective app stores for Android and iOS.
Range of Markets
👉 Kenyan traders can expect the following range of markets from Axi:
➡️ Forex
➡️ Share CFDs
➡️ Indices
➡️ Commodities
➡️ Oil
➡️ Precious Metals
➡️ Cryptocurrency CFDs
➡️ CFDs
Broker Comparison for Range of Markets
| 🥇 Axi | 🥈 Alpari | 🥉 RoboForex | |
| ➡️ Forex | Yes | Yes | Yes |
| ➡️ Precious Metals | Yes | Yes | Yes |
| ➡️ ETFs | No | No | Yes |
| ➡️ CFDs | Yes | Yes | Yes |
| ➡️ Indices | Yes | Yes | Yes |
| ➡️ Stocks | Yes | Yes | Yes |
| ➡️ Cryptocurrency | Yes | No | Yes |
| ➡️ Options | No | No | No |
| ➡️ Energies | Yes | Yes | Yes |
| ➡️ Bonds | No | No | No |
Trading and Non-Trading Fees
Spreads
👉 On the Axi platform, Kenyan traders may anticipate a wide range of spreads depending on the trading instrument, account, and market circumstances. Kenyans may expect to see the following spreads:
➡️ Standard Account – variable, from 0.4 pips
➡️ Pro Account – variable, from 0.0 pips
➡️ Elite Account – variable, from 0.0 pips
Commissions
👉 Commissions on trades when trading with Axi are as follows:
➡️ Pro Account – From $7 per round turn, which is $3.50 per side
➡️ Elite Account – From 3.5 per round turn, which is $1.75 per side
Overnight Fees, Rollovers, or Swaps
👉 Kenyan traders may get real-time overnight fees and spread for a variety of financial assets directly from their MetaTrader 4 trading platform. Traders who trade CFDs should be aware that overnight fees apply to Futures CFD contracts as well.
Deposit and Withdrawal Fees
👉 Deposit fees are applied to card payments made by Kenyan traders that exceed a monthly limit of $50,000. In such circumstances, a 3% charge will be added to the transaction, while all other transactions remain free.
👉 Withdrawals are free if they surpass the account’s minimum withdrawal amount of $50 or the account’s total trading balance. Traders who make withdrawals in smaller sums are subject to a $25 administrative charge.
Other Fees
👉 If a trading account is inactive for 12 consecutive months, an inactivity fee of ten units of the account’s base currency will be assessed. Axi may cancel an account without telling the trader if the balance reaches zero.
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
👉 Axi offers the following deposit and withdrawal methods:
➡️ Credit Card
➡️ Debit Card
➡️ Bank Transfers
➡️ FasaPay
➡️ Sofort
➡️ Giropay
➡️ iDEAL
➡️ Neteller
➡️ Skrill
➡️ PIX
➡️ Boleto
➡️ Brazil Internet Banking
➡️ Chinese Internet Banking
➡️ Thailand Internet Banking
➡️ Vietnamese Internet Banking
➡️ Indonesian Internet Banking
➡️ Polish Internet Banking
➡️ Hong Kong Internet Banking
➡️ Malaysian Internet Banking
➡️ Philippines Internet Banking
➡️ South African Internet Banking
➡️ Nigerian Internet Banking
➡️ Kenyan Internet Banking and MPesa
➡️ Laos QR Payments
➡️ Myanmar QR Payments
➡️ AstroPay
Deposit Currencies, Minimum and Maximum Deposit, and Withdrawal Amounts
| 💰 Payment Method | ✔️ Accepted Currencies | 💵 Min Deposit | 💸 Min Withdrawal |
| Credit Card | AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD | 5 USD | None |
| Debit Card | AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD | 5 USD | None |
| Bank Transfers | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | None | 50 USD |
| FasaPay | IDR, USD | 5 USD | 5 USD |
| Sofort | EUR | 5 EUR | None |
| Giropay | EUR | 5 EUR | None |
| iDEAL | EUR | 5 EUR | None |
| Neteller | CAD, EUR, GBP, PLN, USD | 5 USD | 5 USD |
| Skrill | AED, CAD, EUR, GBP, INR, USD | 5 USD | 5 USD |
| PIX | BRL | 5 USD | 5 USD |
| Boleto | BRL | 50 BRL | None |
| Brazil Internet Banking | BRL | 50 BRL | 50 BRL |
| Chinese Internet Banking | CNY | 1,500 CNY | 500 CNY |
| Thailand Internet Banking | THB | 500 THB | 100 THB |
| Vietnamese Internet Banking | VND | 22,000 VND | 22,000 VND |
| Indonesian Internet Banking | IDR | 200,000 IDR | 200,000 IDR |
| Polish Internet Banking | PLN | 1 PLN | 1 PLN |
| Hong Kong Internet Banking | HKD | 30 HKD | None |
| Malaysian Internet Banking | MYR | 50 MYR | 50 MYR |
| Philippines Internet Banking | PHP | 2,500 PHP | 2,500 PHP |
| South African Internet Banking | ZAR | 100 ZAR | 100 ZAR |
| Nigerian Internet Banking | NGN | 4,000 NGN | 3,000 NGN |
| Kenyan Internet Banking and MPesa | KES | 1,000 KES | 50 KES |
| Cambodian Internet Banking | USD | 25 USD | 25 USD |
| Laos QR Payments | LAK | 200,000 LAK | 200,000 LAK |
| Myanmar QR Payments | MMK | 50,000 MMK | 50,000 MMK |
| AstroPay | USD | 5 USD | 5 USD |
How to Deposit Funds with Axi
👉 To deposit funds to an account with Axi, Kenyan traders can follow these steps:
➡️ After your account is created, you will be provided with a login ID and password.
➡️ You can then log into the Axi client portal and navigate to the “Add Funds” section (on the left-hand panel) and see your account’s financing options.
👉 As a reputable broker, Axi places a premium on online security and fraud protection. To ensure your account is completely secure, the broker uses industry-standard encryption for online payments and takes additional validation measures, such as verifying that any deposits along with withdrawal requests match the name on your credit card.
👉 These little but critical procedures offer vital additional levels of security to your account, ensuring that all Kenyan traders have access to a trading experience that is both safe and secure.
👉 When making deposits Kenyans must submit all deposit requests from inside the Axi Secure Client Portal to speed up the time it takes for funds to reflect in the trading account.
👉 Subsequently, Kenyans can be confident that Axi’s finance department knows about payment and that the cash can be allocated to the appropriate trading account swiftly.
👉 Kenyans can log into the Secure Client Portal to find out which payment alternatives are accessible in the trader’s country of residence. Third-party payments are not accepted by Axi.
👉 A bank account with the same name as that used during trading account registration should be used for any deposits into your trading account.
Axi Fund Withdrawal Process
👉 To withdraw funds from an account with Axi, Kenyan traders can follow these steps:
➡️ Using the Client Portal, you can access your account and withdraw funds.
➡️ To withdraw funds from your account, go to the Client Portal and click Withdraw Funds (in the left-hand panel).
➡️ Choose the appropriate withdrawal type and follow the on-screen instructions.
➡️ You will need to supply your bank account details and the most current bank statement for verification when you make your first withdrawal from your account.
➡️ To add your bank account information if you are withdrawing through Bank Transfer, go to Bank Accounts (on the left-hand panel), choose New Bank Account, and then enter your account details and upload a recent bank statement (in PDF or picture of a paper statement).
➡️ To withdraw to your bank account, the withdrawal method must be the same as the deposit method.
➡️ Deposits and bank account verification will be completed within two business days after they are received.
Education and Research
👉 Axi offers the following Educational Materials:
➡️ MetaTrader 4 Video Tutorials
➡️ Free eBooks
➡️ Axi Trader’s Blog
➡️ Axi Academy
➡️ Trading Courses
➡️ Trading Education
➡️ Trading Tools and Resources
👉 Axi offers Kenyan traders the following Research and Trading Tools:
➡️ Essential market news
➡️ Market analysis
➡️ Expert commentary
➡️ VPS Hosting
➡️ Social Trading and Signal Providers
➡️ PsyQuation
➡️ PsyQuation Premium
➡️ AutoChartist
➡️ MT4 NextGen
Bonuses and Promotions
👉 Axi does not currently offer any bonuses or promotions to Kenyan traders.
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
How to open an Affiliate Account with Axi
👉 To become an Axi Affiliate, Kenyans can navigate to the official website of the broker and select “Partnerships.” Kenyans can review the information available on the website to determine the partnership route they wish to follow and contact Axi customer support to proceed with an application.
👉 Alternatively, Kenyans can select their partnership route and complete the registration for the Partner Portal on the Axi website. Kenyans who already have a live trading account with Axi and are interested in becoming an introducing broker can contact their account manager directly to obtain application forms and further information.
Axi Affiliate Program Features
👉 Axi has an affiliate program that pays affiliates up to $1,000 per eligible customer. Axi Affiliates is a straightforward way to earn money from website visitors.
👉 Kenyans may make money by introducing clients to Axi via the broker’s commission-based referral program. Kenyan traders who become Master Affiliates may earn up to $1,000 CPA per eligible client, in addition to a 10% commission on Sub-Affiliate sales.
👉 The following are some of the advantages of joining Axi’s affiliate program:
➡️ As the website traffic of the affiliate grows, tiered payment structures will be implemented. The more Kenyans recommend and refer clients to Axi, the more commission they could earn for every Axi customer that registers.
➡️ Affiliates can easily track their customers and monitor campaign performance.
➡️ Affiliates are provided with banners, landing pages, and a variety of other marketing tools to assist them in acquiring more customers.
➡️ There is the option to withdraw commissions quickly and simply use a variety of payment methods.
➡️ Dedicated customer assistance throughout the Affiliate’s journey.
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.
Verdict on Axi
👉 Axi is a reputable broker that has received multiple accolades for its industry-leading trading products and services. While Axi’s platform selection is limited to MT4, it does provide traders with free access to a variety of powerful tools, including AutoChartist, MyFXBook, and PsyQuation, which can assist both experienced traders and serious beginners in making better trading decisions.
👉 At Axi, newcomers have access to high-quality, organized educational materials and regular market analysis – albeit neither the education nor the market research is as excellent as those provided by the leading brokers in this field.
👉 Axi is an ideal broker for seasoned Kenyan forex traders, those who are familiar with MetaTrader 4, and even traders with a high net worth who trade large positions frequently.
Axi Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axi is multi-regulated with three Tier-1, one Tier-2, and one Tier-3 regulation | An inactivity fee is applied to dormant accounts |
| MetaTrader 4 is provided across devices alongside useful plugins such as AutoChartist, MyFXBook, and more. | Deposit and withdrawal fees are charged |
| Kenyan traders are given access to local payment providers and can deposit/withdraw in KES | There is only one trading platform supported |
| There are no account fees charged when Kenyans register an account | The demo account is only available for 30 days |
| Axi offers beginner traders access to a comprehensive trading academy where they can learn how to trade and refine their trading | There is no KES-denominated trading account |
| There are social trading opportunities, trading signals, and free VPS Hosting | |
| Axi offers traders access to a helpful Axi community | |
| Customer support is both prompt and extremely helpful |
FAQ
Is Axi regulated and by whom?
Yes, Axi is well-regulated by Tier-3, 2, and 1 market regulators namely ASIC, FCA, FMA, DFSA, and SVG FSA in Australia, United Kingdom, New Zealand, Dubai, and Saint Vincent and the Grenadines.
Is Axi a fake or a scam broker?
Axi is not a fake or a scam broker. Upon investigation, all licenses can be verified with market regulators and the broker has an excellent rating on Trustpilot, with over 1,157 reviews.
What is the response time for Axi’s customer support Live Chat?
Axi’s customer support responds in less than 10 seconds, depending on the volume of queries and whether you are contacting them within operation hours which are from Monday to Friday.
Which trading platforms are supported by Axi?
Axi only supports MetaTrader 4 but offers the following tools that can be integrated into the trading platform:
- MetaTrader 4 NextGen
- MyFXBook AutoTrade
- Trading Signals
- MT4 VPS Hosting
- AutoChartist
- PsyQuation Premium
Does Axi offer leverage and what is the maximum leverage ratio offered?
Yes, Axi offers a maximum leverage ratio of up to 1:500. However, leverage may depend on the financial instrument that is being traded and other factors, according to Axi’s discretion.
Does Axi have any forex industry awards?
Yes, the most recent awards that Axi won include the Best EMEA Region Broker in 2020, Best MT4 Forex Broker in 2019, the Best Forex Broker in Europe in 2019, and the best Forex Broker Middle-East in 2019, among several others.
What is the overall rating for Axi?
We give Axi an overall rating of 9/10 based on its Trustpilot score and client reviews, competitive trading conditions, award-winning service, range of markets, leverage ratios, high trust, average risk status as a forex and CFD broker for Kenyans.
Is Axi suitable for both beginner and professional traders?
Yes, Axi offers a wide range of educational materials and tools for beginners while simultaneously catering for professionals by offering several trading tools and research resources.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with Axi?
➡️ What was the determining factor in your decision to engage with Axi?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with Axi such as difficulty withdrawing funds, inability to verify regulation, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
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.
