Axi fees directly impact profitability and can reveal which strategies this broker supports, and which remain discouraged. Therefore, they represent the primary aspect of the competitiveness of the trading environment.
Our breakdown of Axi fees into trading and non-trading fees will help traders understand the cost and compare it to other brokers. How competitive are the Axi trading fees?
Overview of Axi Fees and Charges
Axi features minimum commission-free fees of $4.00 per round lot and commission-based ones between $3.50 and $7.00.
Here is a snapshot of Axi fees:
Fee | Type of Fee | Applicable at Axi |
|---|---|---|
Spreads | Trading fee | Yes |
Commission | Trading fee | Yes |
Swap rates on leveraged overnight positions | Trading fee | Yes |
Live Price Feed / Stamp Duty/ Settlement Fee | Trading fee | No |
Internal Deposit Fee | Non-trading fee | No |
Internal Withdrawal Fee | Non-trading fee | Yes (on withdrawals below $50) |
Inactivity Fee | Non-trading fee | Yes |
Account Fee | Non-trading fee | No |
Currency Conversion Fee | Trading fee and non-trading fee | Undisclosed |
Axi Fees, Spreads, and Commission Explained
Trading fees at all brokers consist of frequent trading fees and less frequent non-trading fees. Understanding the Axi fees will help traders comprehend what they must pay, why they have to pay, and how those costs compare to others.
Trading fees are:
- Spreads (the difference between the bid and the ask price of an asset, where Axi has minimum spreads between 0.0 pips and 0.4 pips)
- Commissions (Axi Forex commissions are between $3.50 and $7.00 per 1.0 round lot)
- Swap rates (charged on leveraged overnight positions)
- Currency conversion fees (undisclosed at Axi, but applicable if the asset currency and account base currency mismatch)
Non-trading fees are:
- Deposit fees (not applicable at Axi)
- Withdrawal fees (not applicable except on withdrawals below $50)
- Inactivity fees (Axi charges 10.0 currency units of the base account after twelve months of dormancy)
- Currency conversion fees (undisclosed at Axi)
Axi Trading Fees
Axi trading fees apply to each transaction and are asset dependent.
Here is an overview of minimum Axi trading fees:
Asset | Minimum Markup over Raw Spreads | Minimum Commission | Total Axi Fees |
|---|---|---|---|
Forex (EUR/USD) | 0.0 pips | $3.50 | $3.50 per 1.0 lot |
Indices (S&P500) | 0.20 points | Commission-free | $0.20 per contract |
Commodities (Gold) | 0.10 points | Commission-free | $0.10 per contract |
Cryptocurrencies (Bitcoin) | 18.00 points | Commission-free | $18.00 per coin |
Overnight Fees (Swap rates)
Swap rates are the most ignored trading costs, which may become the most significant fee per trade, dependent on the strategy. Swap rates apply on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend.
MT4 traders can easily access swap rates from their platform by following these steps:
- Right-click the desired symbol in the Market Watch window and select Specification.
- Scroll down until you see Swap Long and Swap Short.
Axi Non-Trading Fees
Non-trading fees can apply to deposits, withdrawals, and inactivity. They are notably less frequent, but traders should know about them to avoid confusion.
Currency Conversion Fees
Currency conversion fees belong to trading and non-trading fees and are the least visible. They apply each time Axi must exchange one currency for another, including trading, and most traders are unaware of this hidden fee. For example, if traders transact British Pound-denominated assets from a US Dollar trading account or make a Swiss Franc deposit into a Euro base account.
Axi Deposit Fee
Axi does not levy internal deposits fee unless traders exceed the monthly fee-free deposit limit of $50,000. Deposits above this limit incur a 3.00% deposit fee on all payment processors. A currency conversion fee may apply if the deposit currency mismatches the account base currency, which Axi fails to disclose.
Traders who make a $1,000 deposit into a US Dollar base account will receive $1,000, but they must consider potential third-party payment processor fees, which Axi does not control. A multi-currency account can eliminate currency conversion fees.
Axi Withdrawal Fee
Axi withdrawals above $50 or the entire account balance remain free of withdrawal fees. All withdrawals below $50 will incur a $25 fee, irrelevant to the withdrawal amount or payment processor.
Traders who make an Axi withdrawal request where the currency mismatches the account base currency, for example, requesting a Euro withdrawal from a US Dollar base account, may face internal currency conversion fees. Axi makes no mention of how it handles currency conversions. Traders should also consider potential third-party payment processor fees and follow-on transaction costs.
Axi Inactivity Fee
Axi levies a monthly inactivity fee after twelve months of dormancy. Axi classifies inactivity as a period of no trading activity or open positions. Leveraged positions incur swap rates, and Axi reserves the right to close trading accounts once the balance reaches zero, with twelve months of inactivity without further notice.
The Axi inactivity fee depends on the account base currency, as noted below:
- AUD - 10
- CAD - 10
- CHF - 10
- EUR - 10
- GBP - 10
- HKD - 80
- JPY - 1000
- NZD - 10
- PLN - 40
- SGD - 10
- USD - 10
Axi Safety and Security
Axi complies with four regulators but caters to international traders from its unregulated but duly registered subsidiary in Saint Vincent and the Grenadines. It is also a Hong Kong-based Financial Commission member. Founded in 2007, Axi became a well-respected and trustworthy Forex broker.
Axi has regulatory licenses issued by the following regulators:
- Australian Securities & Investments Commission (ASIC)
- New Zealand Financial Markets Authority (FMA)
- The United Kingdom Financial Conduct Authority (FCA)
- Dubai Financial Services Authority (DFSA)
Axi Trading Fees Bottom Line
Axi offers its commission-free Standard account with minimum costs of 0.4 pips or $4.00 per lot, but average spreads are notably higher. The commission-based Pro option offers raw spreads from 0.0 pips for a commission of $7.00 but achieves lower costs versus Standard. The Elite account presents the cheapest fees with a commission of $3.50 per lot, but it requires a $25,000 minimum deposit.
Deposits below $50,000 monthly and withdrawals above $50 remain free of charge. Otherwise, a 3.00% fee and an administration cost of $25 apply, respectively. Axi fails to mention currency conversion fees.
Read more on Axi in our up-to-date broker review. Yes, Axi has two commission-based account types with minimum commissions of $3.50 for Elite and $7.00 for Pro. Axi trading fees consist of spreads, commissions, and swap rates. Axi does not specify currency conversion fees. Axi withdrawals above $50 are free of charge. Spreads apply immediately once a trader opens a position, commissions when traders buy and sell trading instruments, but swap rates on leveraged overnight positions only after the cut-off time. Axi does not mention currency conversion fees, which apply if the quote currency of the asset differs from the Axi account base currency. Yes, Axi charges a monthly inactivity fee of $10 after twelve months of dormancy. Yes, Axi commissions for raw spreads are $3.50 for the Elite account and $7.00 for the Pro account. The Axi Standard and Pro accounts have no minimum deposit requirement, while Elite requires $25,000.FAQs
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