AXI Review crypto broker 2024

Our veredict

Axi offers a robust and secure platform for trading cryptocurrencies through CFDs. Regulated by reputable authorities like the FCA and ASIC, Axi ensures a high level of security and compliance, which is essential for traders who prioritize safety. The platform supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, enabling traders to take advantage of market volatility without the need to own the digital assets physically. This approach eliminates the risks associated with storing cryptocurrencies in digital wallets, such as hacking and theft, making it an attractive option for those who are risk-averse yet wish to capitalize on crypto market movements.

However, Axi does have some limitations. The platform only offers cryptocurrency trading via CFDs, which means traders do not actually own the underlying assets. This might be a drawback for those looking to invest directly in cryptocurrencies. Additionally, while Axi provides access to major cryptocurrencies, its selection is relatively limited compared to other platforms that offer a broader range of digital assets. Moreover, leverage options are subject to regional regulations, potentially restricting the flexibility and strategies of traders depending on their location. Despite these limitations, Axi remains a strong choice for those seeking a regulated and secure environment to trade cryptocurrencies.

Pros

Regulated by FCA and ASIC Axi is regulated by reputable financial authorities, ensuring a secure trading environment for users.
Competitive Spreads The platform offers low and competitive spreads, starting as low as 0.0 pips on their Pro account, which can help maximize trading profitability.
Trade Popular Crypto CFDs Axi allows trading in popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin through CFDs, offering flexibility and the opportunity to profit from price movements without owning the actual assets.

Cons

No Physical Crypto Ownership Axi only offers cryptocurrency trading through CFDs, meaning traders do not own the actual digital assets, which might not appeal to those looking to invest directly in cryptocurrencies.
Limited Crypto Asset Selection While Axi offers popular cryptocurrencies, the selection is limited compared to some other platforms, which might restrict traders looking for a wider range of crypto assets.

3,8

Threenvest Score

Fees

3,8/5

Regulated

ASIC

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Why choose AXI?

Axi stands out as a robust choice for cryptocurrency trading, offering several compelling reasons to consider their platform. Firstly, Axi provides access to a range of popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin through CFDs. This allows traders to benefit from the volatility of crypto markets without needing to own or store the actual digital assets, reducing the risks associated with hacking and theft.

Secondly, Axi’s trading conditions are highly competitive. The platform features low spreads and high leverage options, which can enhance trading opportunities. With spreads starting as low as 0.0 pips on their Pro account and leverage up to 1:500 (depending on regulatory restrictions), Axi ensures that traders have the tools to maximize their potential returns.

Additionally, Axi is known for its robust security and regulatory compliance. Being regulated by authorities such as the FCA and ASIC, Axi adheres to stringent standards that protect traders’ funds and personal information. This level of regulation provides peace of mind, especially for those new to crypto trading, ensuring a secure trading environment.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our site, I highly recommend Axi for cryptocurrency trading. Their platform offers a secure and regulated environment with competitive spreads and advanced trading tools, ideal for both beginners and experienced traders. The ability to trade popular cryptocurrencies via CFDs without needing to own the assets provides an added layer of security and flexibility. Axi’s robust customer support and comprehensive educational resources further enhance the trading experience, making it a reliable choice for those looking to capitalize on crypto market opportunities.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.