The online brokerage firm AXI requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.

The minimum amount required with AXI starts from $0, which can be deposited via various methods including wire transfer, debit card, credit card, cryptocurrency and ewallet. It should be noted that the minimum deposit with AXI may vary depending on the type of trading account chosen.

AXI generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.

Table of Content

What is the AXI minimum deposit?

The AXI minimum deposit is $0 whether you open a Standard, Pro, or Islamic account with the broker. The amount goes up massively to $25.000 if you open an Elite account.

Note that all the deposits and withdrawals made with AXI are also typically fee-free.

The AXI deposit features are listed in this table below:

AXI DEPOSIT FEATURES CHARACTERISTICS
AXI Standard Account $0 minimum deposit
AXI Pro Account $0 minimum deposit
AXI Elite Account $25,000 minimum deposit
AXI Swap-Free Account $0 minimum deposit
Deposit Fees No
Withdrawal Fees No
Base Currencies AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD

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69.6% of retail CFD accounts lose money

If you want to know more about the account types provided by AXI, you can proceed to read our AXI account types guide.

What are the AXI account base currencies?

The AXI account base currencies are AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD.

However, there are exceptions. For instance, the AXI Elite Account only offers 4 of them, which are USD, EUR, GBP, AUD.

AXI Funding Methods (+ Withdrawals)

The AXI deposit methods features and fees are listed below:

  • Wire transfers: At AXI, wire transfers are fee free. However, the processing time for this kind of deposit may take up to 2 business days.
  • Credit/Debit cards: AXI accepts deposits through Visa, Mastercard, Maestro, or JCB cards. The deposit here is Instant, and requires a minimum deposit of $5.
  • eWallets: AXI accepts eWallets deposits from Neteller and Skrill. The deposits are instant and require a minimum deposit of $5.
  • Cryptocurrencies: at Axy you can also deposit in BTC, ETH, LTC, XRP, XLM or USDT. The processing time tipically takes 15 minutes, and requires a minimum deposit of $30 worth of crypto.
  • Other methods: Alongside these deposit methods, you have more than 20 others to choose from. These include several local banking deposit methods alongside other e-wallets such as FasaPay, Sofort, and POLi for Australian traders, and others.

payment methods provided by AXI

What are the AXI deposit fees

AXI deposits are typically fee-free.

Keep in mind though, that AXI may charge a currency conversion fee when you deposit money in a currency which doesn’t match your account base currencies.

Additionally, if the user exceeds $50,000 in fees, AXI reserves the right to pass on credit card and Neteller fees to the user.

What are the steps to fund your AXI account?

Making a deposit to your AXI account could not be easier. All you need to do is follow these simple steps to get yourself started:

  1. Create a AXI account:

First of all, if you haven’t already, apply for a free AXI forex demo account if you are a new trader. As a beginner, this is the perfect place to start with any broker. Unlike other forex brokers with an unlimited demo account, the AXI demo account is valid for 30-days unless you fund a live trading account.

  1. Verify the AXI account:

If you are already an expert trader then you may choose to skip opening an AXI demo account. This is also fine and you can proceed through the quick and easy AXI verification process with just a few basic documents proving your identity and residence. It should not take long at all.

  1. Fund your AXI account:

Since there is no minimum deposit needed for AXI you can deposit any amount you wish. With that said, even when you are trading through brokers with low minimum deposit most people recommend a deposit of between $100-$200 to fully get the most from the service. Since the minimum deposit is often the same, but the services offered are not, we have created an article featuring the best brokers with low minimum deposit for you to take a closer look.

How does the AXI minimum deposit compare with other major brokers?

The comparison between AXI’s minimum deposit and those of other brokers can be found in this table below:

 Characteristics AXI PEPPERSTONE IC MARKETS
Minimum Deposit  $0 $0 ($200 recommended) $0
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal No Yes Yes
Number of Deposit Methods 20+ 9 10+
Account currencies AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD

Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.