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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

Updated : August 30, 2022

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

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 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%

Distribution of Traders

 

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

🏛 HeadquarteredAustralia
⚖️ Local Market Regulator in KenyaCapital Markets Authority (CMA)
💰 Foreign Direct Investment in Kenya1.3% of the overall GDP
💸 Foreign Exchange Reserves in Kenya8.2 billion USD
🏛 Local office in Nairobi?No
⚖️ Governor of SEC in KenyaNone
✔️ Accepts Kenyan Traders?Yes
🗓 Year Founded2007
📞 Kenyan Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Twitter
• Telegram
• LinkedIn
⚖️ RegulationASIC, 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 RegulationNone
❌ Regional RestrictionsUnited States, Canada, Iran
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
✔️ PAMM AccountsYes, MAM
💧 Liquidity ProvidersYes, 14 global banks
💰 Affiliate ProgramYes
💻 Order ExecutionMarket
📊 Starting spread0.0 pips, Variable
💰 Minimum Commission per TradeFrom $3.5
💸 Decimal PricingUp to 5 digits after comma
📞 Margin Call90%
🛑 Stop-Out50%
💰 Minimum Trade Size0.01 lots
💵 Maximum Trade Size1,000 (US500)
✔️ Crypto trading offered?Yes, CFDs
✔️ Offers a KES Account?No
👥 Dedicated Kenyan Account Manager?No
📈 Maximum Leverage1:500
📋 Leverage Restrictions for Kenya?No
💰 Minimum Deposit (KES)0 KES ($0)
✔️ Kenyan shilling Deposits Allowed?Yes, local payment methods are offered
👥 Active Kenyan Trader Stats70,000+
🤝 Active Kenyan-based Axi customersUnknown
💰 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 TimeInstant
🕙 Maximum Estimated Withdrawal TimeBetween 1 to 3 Business Days
✔️ Instant Deposits and Instant Withdrawals?Yes
🏧 Segregated Accounts with Kenyan Banks?Yes
💻 Trading PlatformsMetaTrader 4
💵 Tradable Assets• Forex
• Share CFDs
• Indices
• Commodities
• Oil
• Precious Metals
• Cryptocurrency CFDs
• CFDs
✔️ Offers USD/KES currency pair?No
📊 USD/KES Average SpreadN/A
✔️ Offers Kenyan Stocks and CFDsNone
🗣 Languages supported on the WebsiteEnglish
📞 Customer Support LanguagesMultilingual
✔️ Copy Trading SupportYes
⏰ Customer Service Hours24/5
🧑‍💻 Kenyan-based customer support?No
💰 Bonuses and Promotions for KenyansNone
📚 Education for Kenyan beginnersYes
✔️ Proprietary trading softwareNo
🥇 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✔️ Is Axi a safe broker for Kenyans?Yes
🥇 Rating for Axi Kenya9/10
🎖 Trust score for Axi Kenya84%
👉 Open Account👉 Open Account

Regulation and Safety of Funds

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

Account Types

👉 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 FeatureValue
💰 Account setup costsNone
📊 Average spreadsFrom 0.4 pips
💸 Commissions on tradesNone
📉 Minimum Position Size0.01 lots
💵 Minimum deposit requirement0 KES
📊 Range of marketsAll
📱 Mobile trading offered?Yes
✔️ MT4 NextGen offered?Yes
✔️ Margin and Leverage offered?• Margin from 3.33%
• Leverage up to 1:500
💵 Base Account CurrencyAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
✔️ Demo trading availability30 days
💻 VPSYes, free
🧑‍💻 Expert Advisors offered?Yes
✔️ AutoChartistYes
✔️ 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 FeatureValue
💰 Account setup costsNone
📊 Average spreadsFrom 0.0 pips
💸 Commissions on trades$7 round trip
📉 Minimum Position Size0.01 lots
💵 Minimum deposit requirement0 KES
📊 Range of marketsAll
📱 Mobile trading offered?Yes
✔️ MT4 NextGen offered?Yes
✔️ Margin and Leverage offered?• Margin from 3.33%
• Leverage up to 1:500
💵 Base Account CurrencyAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
✔️ Demo trading availability30 days
💻 VPSYes, free
🧑‍💻 Expert Advisors offered?Yes
✔️ AutoChartistYes
✔️ 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 FeatureValue
💰 Account setup costsNone
📊 Average spreadsFrom 0.0 pips
💸 Commissions on tradesFrom $3.50 round trip
📉 Minimum Position Size0.01 lots
💵 Minimum deposit requirement2,800,000 KES or an equivalent to $25,000
📊 Range of marketsAll
📱 Mobile trading offered?Yes
✔️ MT4 NextGen offered?Yes
✔️ Margin and Leverage offered?Up to 1:400
💵 Base Account CurrencyUSD, EUR, GBP, AUD
✔️ Demo trading availability30 days
💻 VPSYes, free
🧑‍💻 Expert Advisors offered?Yes
✔️ AutoChartistYes
✔️ Myfxbook AutoTrade offered?Yes
✔️ PsyQuation offered?Yes
✔️ PsyQuation Premium offered?Yes

 

Demo Account

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

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

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 AlpariRoboForex
⚖️ RegulationASIC, SVG, FCA, FMA, DFSAFSCIFSC
📱 Trading PlatformMetaTrader 4• MetaTrader 4
• MetaTrader 5
• Alpari Mobile App
• MetaTrader 5
• MetaTrader 5
• cTrader
• R StocksTrader
• RoboForex Terminal
• CopyFX App
💸 Withdrawal FeeYesYesYes
💻 Demo AccountYesYesYes
💵 Min Deposit0 KES570 KES1,100 KES
📊 Leverage1:500Up to 1:10001:2000
📊 Spread0.0 pipsFrom 0.4 pips0.0 pips
💰 CommissionsFrom $3.5$1.5$3 to $4
🛑 Margin Call/Stop-OutFrom 90%/50%

• 60% to 120%
• 30% to 100%
Stop-out 100% to 10%
💵 Order ExecutionMarketInstant and MarketMarket
💰 No-Deposit BonusNoneNoYes
💵 Cent AccountsNoNoNo
💻 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 RegulationNoneNoneNone
💸 KES DepositsYesYesYes
💰 Kenyan shilling AccountNoNoNo
📞 Customer Service Hours24/524/524/7
🛍 Retail Investor Accounts245
☪️ Islamic AccountYesYesYes
💵 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size1,000 (US500)250 lots10,000 (Cent)
⏰ Minimum Withdrawal TimeInstantInstantUp to 24 hours
💻 Maximum Estimated Withdrawal TimeBetween 1 to 3 Days3 to 5 Business DaysUp to 3 working days
💵 Instant Deposits and Instant Withdrawals?YesYesYes, Skrill and Neteller

Trading Platforms

👉 Axi only offers Kenyan traders access to MetaTrader 4 across desktop, web, and mobile devices.

 

Desktop Platforms

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

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

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

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
➡️ ForexYesYesYes
➡️ Precious MetalsYesYesYes
➡️ ETFsNoNoYes
➡️ CFDsYesYesYes
➡️ IndicesYesYesYes
➡️ StocksYesYesYes
➡️ CryptocurrencyYesNoYes
➡️ OptionsNoNoNo
➡️ EnergiesYesYesYes
➡️ BondsNoNoNo

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

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 CardAED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD5 USDNone
Debit CardAED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD5 USDNone
Bank TransfersAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USDNone50 USD
FasaPayIDR, USD5 USD5 USD
SofortEUR5 EURNone
GiropayEUR5 EURNone
iDEALEUR5 EURNone
NetellerCAD, EUR, GBP, PLN, USD5 USD5 USD
SkrillAED, CAD, EUR, GBP, INR, USD5 USD5 USD
PIXBRL5 USD5 USD
BoletoBRL50 BRLNone
Brazil Internet BankingBRL50 BRL50 BRL
Chinese Internet BankingCNY1,500 CNY500 CNY
Thailand Internet BankingTHB500 THB100 THB
Vietnamese Internet BankingVND22,000 VND22,000 VND
Indonesian Internet BankingIDR200,000 IDR200,000 IDR
Polish Internet BankingPLN1 PLN1 PLN
Hong Kong Internet BankingHKD30 HKDNone
Malaysian Internet BankingMYR50 MYR50 MYR
Philippines Internet BankingPHP2,500 PHP2,500 PHP
South African Internet BankingZAR100 ZAR100 ZAR
Nigerian Internet BankingNGN4,000 NGN3,000 NGN
Kenyan Internet Banking and MPesaKES1,000 KES50 KES
Cambodian Internet BankingUSD25 USD25 USD
Laos QR PaymentsLAK200,000 LAK200,000 LAK
Myanmar QR PaymentsMMK50,000 MMK50,000 MMK
AstroPayUSD5 USD5 USD

How to Deposit Funds with Axi

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

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

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

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

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 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 regulationAn 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 KESThere is only one trading platform supported
There are no account fees charged when Kenyans register an accountThe 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 tradingThere 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.

9.5/10 - (14 votes)