Scorecard
| Criterion | Score |
|---|---|
| Spreads & fees | 4.2 |
| Regulation | 4.4 |
| Platforms | 4.5 |
| Deposits & payouts | 4.1 |
| Support | 3.9 |
| Overall | 4.1 / 5 |
Key facts
- Funding
- Card, bank transfer, e-wallet
- Promotions
- No obligation demo
- Costs
- From 0.68 pips
- Platforms
- MT4 and MT5
- Reputation
- Top-tier licenses, mixed reviews
- Instruments
- FX, gold, crypto, shares
Markets and instruments
- Forex / CFDs
- Local stocks
- US stocks
- Crypto
- Commodities
Keep reading
Axi is an international broker with a strong focus on MetaTrader, founded in Sydney, Australia, in 2007. The group operates under multiple regulators, including ASIC, FCA, DFSA, CySEC, and SVG. Axi does not hold a local license from the mainland UAE regulator, but its group entity is regulated by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC).
Regulation
In the UAE, any firm offering forex/CFD or investment services to the public must hold a local licence from one of three regulators: the Securities & Commodities Authority (SCA) on the mainland (formally renamed the Capital Market Authority, CMA, effective 1 January 2026), the DFSA in the DIFC, or the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM).
| Licence it holds | DFSA F003742 |
|---|---|
| What it covers here | DFSA-regulated branch |
| What it does not cover | Axi’s concrete gap versus a fully top-tier regulated broker is that its protection is entity-specific rather than universally equivalent across all |
| Where to check | axi.group AE pages - Most relevant verification sources are Axi’s UAE pages for entity |
Axi’s group entity is regulated by the DFSA, which applies leverage caps around 1:30 aligned with EU standards. Offshore brokers marketing to UAE residents advertise far higher leverage (1:500–1:1000+).
Account Types
Axi offers three account types.
| Account Type | Min Deposit | Spreads | Commission |
|---|---|---|---|
| Standard | USD 0 | From ~0.6 pip | None |
| Pro | USD 0 | From 0.0 pip | ~USD 3.50 per side |
| Elite | USD 25,000 | From 0.0 pip | USD 3.50 per lot |
On the Standard account, you pay no commission but the spread is wider. On the Pro account, you get raw spreads from 0.0 pips but pay a fixed commission. The Pro account is cheaper if you trade high volume; the Standard account suits smaller size.
Platforms
Axi offers MetaTrader 4 (core focus), MetaTrader 5 (added 2024), an Axi proprietary platform, and TradingView.
| Platform | Notes |
|---|---|
| MT4 | The industry standard. Stable and reliable. |
| MT5 | More modern, with more assets and a built-in economic calendar. |
| Axi Proprietary | Mobile-first platform. |
| TradingView | Charting tool for analysis. |
Islamic Accounts
Axi offers a swap-free Islamic account compliant with Sharia law. In the UAE, this is a standard expectation for retail clients.
With the Islamic account, no overnight interest (riba) is charged on positions.
Deposits and Withdrawals
In the UAE, Axi supports local bank transfers from banks including Emirates NBD, ADCB, and Dubai Islamic Bank, plus card payments and e-wallets.
| Payment Method | Typical Speed |
|---|---|
| Card (Visa/Mastercard) | Instant |
| E-wallets (Skrill, Neteller, PayPal) | Instant |
| Local Bank Transfer (UAE) | 1–2 business days |
There are no exchange controls in the UAE. The AED is pegged to the USD (~3.6725), and capital and profits move freely in and out of the country. Standard AML/KYC and source-of-funds checks apply on large transfers, but there is no capital-control ceiling.
Taxation
The Federal Tax Authority (FTA) administers VAT and the 9% corporate tax. There is no personal income tax and no capital gains tax on individual trading profits (forex, stocks, crypto, derivatives). Individual retail traders keep full trading profit and have no personal-income filing duty for trading income.
| + | Forex / CFDs | available |
| + | Local stocks | available |
| – | US stocks | not available |
| + | Crypto | available |
| + | Commodities | available |
Corporate tax of 9% applies to business profits above AED 375,000 (since June 2023), but a 'Qualifying Free Zone Person' in DIFC/ADGM/DMCC can qualify for 0% on qualifying income. Traders operating as a business or company may fall in scope - confirm with the FTA (tax.gov.ae).
No Mainland License
Axi does not hold a license from the SCA/CMA on the mainland. Its regulated entity is under the DFSA within the DIFC free zone.
Leverage Limits
DFSA-regulated entities cap leverage around 1:30, aligned with EU standards. Higher leverage is not available on regulated accounts.
No standard deposit bonus is verified for Axi.
Verdict
Defensible for:Beginners who want a regulated environment and a straightforward platform. The Standard account is simple with no commission. The group has operated since 2007.
Questionable for:Traders seeking the high leverage (1:500–1:1000+) advertised by offshore brokers, or those who prefer a broker with a physical presence on the mainland under an SCA/CMA license.
How it compares
| Feature | AxiOur pick | FxPro |
|---|---|---|
| Account types | Standard and Islamic | Standard, Raw+, cTrader, Elite, VIP |
| Company | Founded 2007, global broker | FxPro founded 2006 |
Axi’s concrete gap versus a fully top-tier regulated broker is that its protection is entity-specific rather than universally equivalent across all business lines, so the strongest safeguards only apply where a premium regulator’s rules and compensation framework are in force. Practically, that means a trader may still face segregated accounts but loses the certainty of a single, top-tier statutory compensation backstop on every account, leaving insolvency recovery and dispute coverage dependent on the specific entity used.
Where this leaves you
Your questions
Does Axi offer Islamic accounts in the UAE?
Yes, Axi provides a swap-free Islamic account option. It is a standard feature for clients who need to comply with Sharia law, ensuring no overnight interest is charged on positions.
Can I open an Axi account from the UAE?
Yes, you can open an account with Axi from the UAE. The broker operates a regulated entity under the DFSA within the DIFC, which is one of the three official regulators in the country.
How fast can I withdraw funds from Axi?
Axi processes withdrawal requests quickly, usually within 24 hours. Credit card and e-wallet withdrawals are often instant, while local UAE bank transfers typically take 1–2 business days.
Is trading on Axi legal in the UAE?
Trading on Axi is legal in the UAE, provided you are trading with a licensed entity. Axi holds a DFSA license, which is the appropriate regulator for financial services within the DIFC.
Does Axi have an app for trading?
Yes, Axi offers a proprietary mobile app, in addition to supporting MetaTrader 4 and MetaTrader 5 apps. This allows you to manage trades and monitor the markets from your smartphone.