Axi Review

 

 

James Warwick

｜

Published: June 2, 2026

Edited by 

  John Michaels

Axi Broker Review: UK 2026

I’m going to be honest, Axi is one of those brokers that you’ve probably never heard of. They are not as well known as Pepperstone, IG, Interactive Brokers or CMC here in the UK.

However, they provide real benefits to a specific type of trader.

If you are looking for a broker that offers a rare combination of low fees and spread costs, provides a focused list of instruments to trade, and offers a copy trading option – then Axi might be your broker.

What I wanted to figure out with Axi whilst going through their platform, fees, user experience and range of instruments, was when in my trading journey would Axi be a good choice, and how does it stack up to some perhaps more well-known or established competitors in the UK trading landscape.

Here’s what I found out:

In Summary: Axi is a perfect ‘bridge’ between eToro-style apps like Trading 212, Plus 500 and etoro, to more mature brokers like Pepperstone, Vantage Markets and IG. They don’t have the widest selection of instruments but what they do excel at is providing very low fees, exceptional execution, and a very promising copy trading option to wide-range of consumers.

I’d recommend using Axi if you are looking for a eToro alternative that packs more of a punch. It’s suitable for more intermediate level traders (with only MetaTrader platform options) and almost offers something for everyone, but in a way, not quite enough for everyone. Let me explain.

Is Axi a Good Broker?

Verdict: Axi is a great broker if you are an intermediate-level trader looking for copy trading, competitive spreads, spread betting options and a good range of educational resources. It is less suitable for advanced traders, as it doesn’t have competitive market commentary or a bredth of instruments rivalling CMC or IG. And it’s again not suitable for beginner traders as having only MetaTrader platform options means there is a learning curve right away. If you are looking for an eToro replacement (or even step up) then this might be your best bet for UK traders.

What Can I Trade on Axi?

Trading Markets – 3 / 5 Stars

In short… not much. Axi is a hyper-focused broker. They site claims 100+ Share CFDs and 70+ Forex CFDs. This would make Axi the broker with the smallest number of instruments to trade that we’ve reviewed so far, with around 200+ instruments once you factor in commodities. However, after actually going to the platform and reviewing the forex pairs, I noticed all majors and minor pairs there. I didn’t get the impression that I would be short of options at all.

Popular markets on CMC Markets

In the screenshot above you can see the range of popular markets on the left – this comes pre-loaded when you open an Axi platform so it’s nice to have all major indices and some forex pairs there already.

What You Can Trade:

• Forex: You get access to around 70+ currency pairs, including majors, minors. Spreads for pairs
• Indices: Trade all the usual suspects like the FTSE 100, Germany 40, US 30, US 500, NASDAQ 100 and all major indicies seem to be covered comprehensively.
• Commodities: Gold (across major currencies), Silver, Platinum, Brent, Natural Gas, Soybeans and Wheat amongst others. Solid options but not the broadest.
• Shares & ETFs: 100+ share CFDs in the UK – mainly blue-cap & US tech stocks, so not the broadest range but enough to get started.
• Cryptocurrencies: A decent crypto CFD offering (Bitcoin, Ethereum, Litecoin, Ripple etc.) for eligible clients, though remember crypto CFDs remain off‑limits to UK retail clients under FCA rules.

My Experience:

The range of instruments on Axi is really geared towards those who only really trade the majors and a few minor pairs and are looking for a focused broker that aims to simplify, not confuse with a range of options.

The range and offering is really aimed towards beginner and intermediate traders, something that feels in line with Vantage Markets, but it lacks the focused platform offering that Vantage offers.

Verdict:

Axi is competitive for forex, commodities and commodity CFDs but the share offering is limited and overall, you are not going to get the depth or range of instruments you would get from other brokers.

What Are the Fees for Axi?

Fees – 5 / 5 Stars

So despite their limited range of instruments, Axi actually provides very competitive spreads for forex traders. Most spreads start at 0.6 pips which is competitive with the best of the best… think IG-level competitive. Instead of being a broker with the widest selection, fees are definitely an area where they compete well.

What to Expect:

• Forex & Index Spreads: Honestly superb, to have a broker that is kind of ‘under-the-radar’ but offering standard account spreads at around 0.6-0.8 pips is beyond rare – this is an incredible feature for forex traders.
• Share & ETF CFDs:No commission on Share CFDs – a huge bonus here again – compared to IG and CMC that average around £10 for their share CFD commissions… Axi is a standout again.
• Inactivity Fees: Yes, Axi charges an inactivity fee of £10 for UK traders after 12 months. This is inline with CMC, so not awful, but since IG abolished their inactivity fee, it’s a bit of a drawback.
• Deposit/Withdrawal Fees: No internal deposit or withdrawal fees, although your bank or card provider may still charge, especially on international or FX‑converted transfers.

My Experience:

It’s hard to believe that a broker that I hadn’t heard of before has some of the most competitive spreads for UK traders on a standard account. Their Pro account, which requires some pretty stringent financial requirements, has even better spreads. It seems Axi is missing a mid-tier option like Pepperstone’s Razor Account where they offer even tighter spreads for intermediate traders, but I am seriously impressed by their no-commission stock CFDs and tight forex spreads.

Verdict:

Axi is one of the most competitive brokers for their spreads. Whilst they don’t have the largest range of instruments to choose from, the ones that they do offer start at 0.6 pip spreads which is as competitive as IG for UK traders. That’s not a small feat. Combine this with no commissions on share trading CFDs and you frankly have the one of the most competitive UK brokers for fees.

What Are Axi Trading Platforms Like?

Trading Platforms – 3 / 5 Stars

OK, so this is where Axi has a bit of catching up to do in some ways, but in others they are ahead of the competition. They lead the pack, right up there alongside eToro when it comes to offering copy trading for UK traders. However, their native platform is, well, non-existent apart from this.

What’s Available:

• MetaTrader: Axi integrated with MT4, MT5, and their respective webtrader environments (like an embedded tool from the browser).
• Copy Trading App: Something that most other brokers of this calibre don’t offer and a real advantage to traders looking to start copy trading.

My Experience:

OK, so I’ll be brutally honest here. Do not use their embedded webtrader experience. I opened MT4 and the header bar followed me as i scrolled down, blocking my charts (see below). I also opened the trade tab looking to place a trade, and a huge box came up blocking my chart view completely. I couldn’t minimise it or shrink it at all. Nothing felt intuitive, nothing felt polished.

When i opened my account they prompted me to open a demo MT4 webtrader (see below) and / or to download MT4 / 5.

Think about that, as a new user, maybe a beginner trader, you are looking for an all-in-one broker and so naturally you go to their webtrader thinking, ‘brilliant, let’s go’. Only to find that that experience is clunky, and effectively uses the website as the dashboard. No new sub-domain, nothing. It feels like you are hovering at the edge of trading but never really doing it.

The copy trading app however is a different story. It felt smooth, intuitive and clear. There weren’t the widest range of people to copy – so don’t get your eToro hopes up, but frankly, combined with some of the tightest spreads we’ve seen from a copy trading broker, this is a fantastic offering.

Verdict:

If you are looking for copy trading, then Axi makes for a fantastic eToro alternative. But it’s major flaws are no proprietary webtrader experience – they rely on MT4 / MT5 embedded which is a terrible experience – and they also do not offer Tradingview integration. If you are looking for a broker that offers a great native webtrader experience or Tradingview integration, like IG, then look elsewhere. Axi is good on the downloaded MT4 / MT5 desktop app, and it even offers a great copy trading app but Axi needs a proprietary platform, desperately. This would reduce onboarding fatigue and making Axi (the broker) feel separate from their onboarding experience and embedded webtrader which is frankly not great.

Does Axi Markets Have Fast Execution Speeds?

Execution Speed – 5 / 5 Stars

Yes, execution speeds, and tight spreads are a priority for Axi, and you can tell. They even dedicate a whole page tracking their execution speeds (see below). The average fill rates are consistently above 99.99% and the requested or better price was at 95% in April 2026. It’s refreshing to see a broker care this much about slippage, pricing and fill rates.

My Experience:

I tested their execution first hand and honestly, if you’ve never experienced what trading on a broker with low slippage and great execution speeds feels like then you should start! It feels like you finally get the price you deserve, from the chart to your order book in milliseconds (31ms to be exact) and you can see why Axi is so hot on this and why they are not shy about their speeds or low spread costs.

Verdict:

Trading with Axi feels like floating. the speed of execution combined with tight spreads on forex, make for a fantastic offering.

Is It Easy to Get Up and Running on Axi?

Onboarding Process – 4 / 5 Stars

Not really… So signing up for a demo account requires your name, email, phone number and signing up for the MT4 / MT5 experience requires you already have a login or create a demo one. If feels very much like You have to already be a trader vs Axi proving you with what you need to start. This is fine if you are an intermediate trader or are a MetaTrader fan but having an MT4 / MT5 account shouldn’t feel like a requirement.

My Experience:

Whilst depositing, withdrawing, confirmation, customer service etc. were all great, as expected, the actual experience to start trading feels more like BYOL (bring-your-own-login) rather than Axi providing you what you need.

Verdict:

If you are a Metatrader die-hard or already have a login and account and just want a new broker, then fantastic, Axi is designed for you. But if you are new to trading, then Axi’s onboarding experience can feel confusing, insufficient and you may want to give up once you see the embedded webtrader experience. No issues in general with withdrawal or deposits from our testing.

Is It Easy to Deposit and Withdraw Funds on Axi?

Deposit & Withdrawal – 5 / 5 Stars

Depositing and withdrawing money with CMC Markets is simple, with no internal fees and a decent choice of funding methods for UK traders. The minimum deposit is competitive and suitable for serious beginners as well as more experienced traders.

What You Can Use:

• Debit/Credit Cards: Typically instant for deposits, which is ideal if you want to start trading right away.
• Bank Transfer: Usually takes 1–2 business days depending on your bank, and works well for larger sums.
• Other Methods: Availability can vary by region, but UK traders generally have a solid choice of conventional options.bestbrokers+1

My Experience:

Funding the account via debit card was straightforward, with funds appearing in the account very quickly. Withdrawals via bank transfer landed within the expected timeframe, and there were no additional fees from CMC’s side. However… when i first started trading with the platform, i did actually notice a lag in withdrawal time, so if anyone else experiences this, please don’t be worried. It is normal.

As always, you still need to watch out for any charges from your bank or card provider, especially for currency conversions or international transfers, but that’s true of almost every broker.

Verdict:

CMC Markets keeps funding simple and cost‑effective. With no deposit or withdrawal fees and predictable processing times, it’s easy to move money in and out as needed.

Is CMC Markets a Safe and Regulated Broker?

Regulation and Security – 5 / 5 Stars

Yes, Axi Financial Services Ltd. is regulated in the UK under the FCA number: 6050593. Their headquarters is 1 Finsbury Market, London, EC2A2BN, United Kingdom.

What Makes Them Safe:

• FCA Regulation: CMC Markets is authorised and regulated by the Financial Conduct Authority, which means strict capital requirements, conduct rules, and client‑money protections.
• Segregated Client Funds: Client money is held in segregated accounts at tier‑one banks, separate from Axi’s own operating funds, in line with FCA rules.
• FSCS Protection: Eligible UK clients benefit from FSCS protection up to £85,000 in the event that CMC was ever unable to meet its obligations.
• Multi‑Jurisdiction Oversight: Axi is also regulated in other major financial centres (namely Australia), which adds another layer of scrutiny and credibility.

My Experience:

Axi are upfront about their UK regulations and jurisdiction for their UK site. It felt professional and clear and you can always investigate their business through both Companies House and the FCA.

Verdict:

Axi, is a regulated broker in the UK and operates under FCA regulation.

Is Axi Beginner‑Friendly?

Education – 3.5/ 5 Stars

Axi is not beginner-friendly overall. They offer great educational materials through Axi Academy (see below) and have e-books, articles, webinars and videos – all of which is excellent for beginners learning to trade. But combined with the MT4/ MT5 requirement (they offer no other third-party platforms) it makes the beginner onboarding journey quite difficult, and the educational materials feel less like an optional, and more like compulsory reading for those unfamiliar to MT4 / MT5. They even have dedicated MT4 / MT5 videos for those who are new to Metatrader.

What’s Available:

• Educational Articles & Guides: a regularly updated blog with recent news (as of June 2026 their latest article is about SpaceX’s IPO). These are broader themes rather than detailed analysis like IG.
• Webinars & Videos: The MT4 / MT5 video (compulsory for beginners), webinars and videos offered in a structured course format too (see below).
• E-books: Like XTB, they also offer e-books, which is a great additional and they look professional and polished – a nice addition.
• Market Analysis: None – a major drawback for intermediate and advanced level traders who have to get their news elsewhere.

My Experience:

Their educational material feels very much aimed at beginners, which is great, and they offer MT4 / MT5 videos for those new to the platform – which is actually essential given they only offer those platforms. I took the Gold trading course and it was nicely structured. I also downloaded their e-book (see below) and found it easy to read and full of useful information.

Verdict:

Axi does have beginner educational offerings, however, the compulsory use of MT4 / MT5 as platforms, with no alternative, kind of makes this necessary. Their Axi Academy is good, and certainly better than some other competitors, but I can’t help shaking the feeling that it’s actually necessary rather than out of goodwill. Also, not having a regularly updated market analysis section puts it out of step with other brokers like IG & CMC – the traders who would actually benefit from knowing about Axi.

Final Verdict

Axi is a difficult broker to put into a box. They offer seemingly contradictory messaging. I’ll explain. They offer tight spreads, great execution speeds and MetaTrader out of the box. These are all great for intermediate to advanced level traders. But in the same breath, they also offer copy trading, e-books, articles and no market commentary – features geared towards beginner traders.

It’s not simply a case of being everything to everyone, they offer genuinely fantastic spreads and as a broker, they are standout purely for that alone. But Axi could really benefit from having a proprietary platform that’s easy to use for beginners when they setup. They could also benefit from market commentary and analysis if they really are targeting intermediate to advanced traders.

If you are looking for a broker that offers spread betting, copy trading and great spreads then this is when you should choose Axi. If you are looking for a beginner-friendly broker you might be better suited to XTB. If you are looking for a wider range of instruments then IG and CMC offer much more than Axi. There is definitely room for this broker in the UK market, but it’s really a question of… who?

Who Should Use CMC Markets?

✅ Choose Axi if:

• You want tight spreads on major forex pairs (0.6 pip spread is exceptional for a standard account)
• You want copy trading functionality similar to eToro.
• You want spread betting options as well as copy trading – there are brokers who do one or the other better but both is exceptional.
• You’re are an MT4 / MT5 user looking for a broker that is dedicated to those platforms.

❌ Consider alternatives if:

• You want a wide range of instruments to trade
• You are a complete beginner (MT4, MT5 restrictions make it harder than it needs to be)
• You want an excellent native web trader experience

FAQs

Here are answers to some of the most common questions traders ask about Axi:

Is Axi regulated in the UK?

Yes, Axi Financial Services Ltd. is regulated in the UK under the FCA number: 6050593. Their headquarters is 1 Finsbury Market, London, EC2A2BN, United Kingdom.

What platforms does Axi offer?

Axi offers MetaTrader (MT4 & MT5) as well as their own copy trading app. You can use MetaTrader natively in their webtrader experience – but there are issues with this experience.

What is the minimum deposit at Axi?

No, there is no minimum deposit at Axi for UK traders.

Does Axi charge any inactivity fees?

Yes, Axi charges £10 inactivity fee for UK traders after 12 months.

Does Axi offer spread betting?

Yes, Axi offers spread betting but it’s not offered in a points-by-pip format that other brokers like CMC use, they instead use lot sizes, so this may confuse those familiar with conventional spread betting.

Is Axi good for Beginners?

From our testing, Axi markets is not specifically designed for beginners as they only offer MT4 & MT5 platforms to trade, which can be difficult for beginners to learn, and is a narrow range of platform offerings compared to IG or CMC, for example.

Is Axi good for UK traders?

In general, Axi is a regulated, broker with very tight spreads, similar to IG or Pepperstone. They also offer copy trading and spread betting options, a rare combination, that makes them great for UK traders. However, they only offer MetaTrader platforms and their native webtrader makes it difficult to start trading immediately unless you have an existing account.

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James Warwick

CEO of Trading Brokers at Trading Brokers

James is the CEO of Trading Brokers as well as Spread Bet (spreadbet.ai). He is a leader in the space of trading broker comparisons and reviews for a UK audience. Previously a Senior Director working in a FTSE 100 company, he is now a full-time trader and has a passion for educating UK traders.

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