Axi: forex-focused CFD broker on MetaTrader 4, with a very low entry point? My 2026 review

Axi operates through entities regulated by ASIC in Australia, the FCA in the UK and the FSA of St. Vincent and the Grenadines. Client funds are segregated as required by the relevant regulator, and negative balance protection applies under the applicable retail framework. For investors in Canada the structure matters. None of these regulators is CIRO, the Canadian Investment Regulatory Organization, and none is overseen by the provincial securities commissions that make up the CSA. Accounts are not covered by CIPF, and Axi is not available to residents of Ontario. Where it is offered, Axi serves Canadian clients cross-border, so the level of recourse is lower than with a locally registered broker.

Axi runs two pricing models. The Standard account charges no commission, with spreads from 0.4 pip on EUR/USD. The Pro account tightens spreads to 0.0 pip against a commission of about $7 per lot round-trip. There is no deposit or inactivity fee, though payment-provider and currency-conversion charges can apply depending on how you fund and withdraw.

For a Canadian resident, gains realised on a CFD account are generally taxable and you must declare them to the CRA yourself, since an offshore broker does not withhold Canadian tax. This is not tax advice.

Axi's range centres on forex, with more than 70 currency pairs, alongside index, commodity, stock, ETF and crypto CFDs, all on MetaTrader 4 with Expert Advisors and copy trading. There is no MT5 or cTrader, and the crypto range is restricted.

It is important to understand that you are not buying real shares or ETFs here, only CFDs that track their price with leverage. This is a broker built for short-term, leveraged forex and CFD trading, not for building a long-term portfolio of directly held securities inside a registered account.

Axi is an accessible, forex-focused CFD broker with a very low entry point, tight Pro spreads and a solid MetaTrader 4 setup, backed by a long track record since 2007 and strong Trustpilot reviews.

We list it as a reference rather than a HelloBrokers partner, so there is no affiliate link here. Two points weigh on our assessment: it is offshore for Canada, with no CIRO registration or CIPF protection and no availability in Ontario, and it is CFD-only on MT4 alone. If your priority is a Canada-regulated broker or direct ownership of shares and ETFs, a CIRO member is a better fit.