Axi broker Accounts

axi Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

axi Account Types Explained

Axi offers a variety of account types tailored to different trading needs and experience levels. Below are the primary account types available:

1. Standard Account

• Minimum Deposit Requirement: $5
• Spread/Commission Structure: Average spread of 0.6 pips; no commission.
• Leverage Options: Up to 1000:1.
• Key Features: Ideal for beginners; access to all trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, shares, and cryptocurrencies.

2. Pro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Average spread of 0.0 pips; commission of $4.50 round trip.
• Leverage Options: Up to 1000:1.
• Key Features: Tight spreads for more experienced traders; suitable for scalping.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Same as Standard Account.

3. Elite Account

• Minimum Deposit Requirement: $25,000
• Spread/Commission Structure: Average spread of 0.0 pips; commission of $3.50 round trip.
• Leverage Options: Up to 1000:1.
• Key Features: Tailored for professional traders; access to advanced trading tools.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Same as Standard Account.

4. Islamic Account

• Minimum Deposit Requirement: $5 (same as Standard).
• Spread/Commission Structure: Similar to Standard Account; swap-free.
• Leverage Options: Up to 1000:1.
• Key Features: Compliant with Sharia law; no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Same as Standard Account.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1000:1.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as Standard Account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Pro Account
• Advanced Traders: Elite Account
• Muslim Traders: Islamic Account
• Strategy Testing: Demo Account

Detailed axi Account Features

Account Features Comparison

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• Suitable for beginners.
• Disadvantages:
• Higher spreads compared to Pro and Elite accounts.

Pro Account

• Advantages:
• Tight spreads.
• Suitable for scalping.
• Disadvantages:
• Requires a higher minimum deposit.
• Commission fees apply.

Elite Account

• Advantages:
• Best spreads and lowest commission.
• Access to advanced trading tools.
• Disadvantages:
• High minimum deposit requirement.

Islamic Account

• Advantages:
• Compliant with Sharia law.
• No interest charges.
• Disadvantages:
• Limited to Muslim traders.

Demo Account

• Advantages:
• Risk-free trading environment.
• Access to all trading instruments.
• Disadvantages:
• Virtual funds only; no real profits.

axi Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to clients in most countries, but not in the United States.
• Prohibited Countries: Specific countries may be restricted; check Axi's website for the latest information.
• Identity Verification Documents Needed:
• Government-issued ID (Drivers License, National Identity Card, or Passport).
• Proof of Residence Requirements: Utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of professional trading experience or a portfolio of $500,000.

KYC/AML Compliance Procedures

• Axi adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification and proof of residence.

Verification Time Frames

• Account verification can take a few minutes if documents are electronically verified; otherwise, it may take up to three hours for manual review.

Step-by-Step axi Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to Axi's official website and select the "Open Account" option.
2. Personal Information Entry: Fill in your full name, country of residence, mobile phone number, and email address.
3. Choose Account Type: Select the desired account type (Standard, Pro, Elite, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading experience and preferences.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Submit your application for review.
7. Fund Your Account: Once approved, log in to the Client Portal to deposit funds.
8. Start Trading: Download the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface differences.

Common Registration Issues and Solutions

• Issue: Document upload failure.

  Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

  Solution: Contact Axi support for assistance.

Average Account Approval Time

• Typically, accounts are approved within minutes if documents are verified electronically; otherwise, it may take up to three hours.

How to Upgrade/Downgrade Account Types

• Contact Axi's customer support to request an upgrade or downgrade of your account type. Additional documentation may be required.

axi Demo Account Guide

Demo Account Features and Benefits

• Axi's demo account allows traders to practice trading with virtual funds, providing access to all trading instruments and features of live accounts.

How to Open a Demo Account

• Visit the Axi website, select the demo account option, and complete the registration process similar to opening a live account.

Demo Account Limitations

• The demo account is funded with virtual money and does not allow for real profits.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $50,000.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often around 30 days, but can be extended by contacting support.

axi Islamic Account Details

Swap-Free/Islamic Account Availability

• Axi offers Islamic accounts that comply with Sharia law, providing a swap-free trading environment.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur interest charges, unlike standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult Axi's support for details.

FAQs – axi Account Types & Opening

1. What account types does Axi offer？

• Axi offers Standard, Pro, Elite, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $5, Pro: $500, Elite: $25,000, Islamic: $5, Demo: N/A.

1. How long does Axi account verification take？

• Verification can take a few minutes to up to three hours, depending on document verification.

1. Does Axi offer demo accounts？

• Yes, Axi offers demo accounts for practice trading.

1. Can I have multiple account types with Axi？

• Yes, traders can open multiple accounts with Axi.

1. Does Axi offer Islamic/swap-free accounts？

• Yes, Axi provides Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open an Axi account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.