AXI Minimum Deposit Guide

logomark Luca Puddu calendar Last Updated: November 2021 timer 5 min read
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One of the key elements when you are dealing with any top forex broker is the minimum deposit. The same is true with Axi. As part of our Axi review, we have taken a detailed look at the Axi minimum deposit you need to make and also the funding and withdrawal methods available to you.

Here we will lead you through the entire process so that when you decide to make your first Axi deposit, you will know exactly what to expect.

Table of contents

What is the AXI Minimum Deposit?

The Axi minimum deposit for a live account is always 0 USD whether you open a Standard, Pro, or Islamic account with the broker. This is a good choice if you are a new trader starting out in the industry, or you don’t want to risk larger amounts with your first deposit to a new broker.

Axi Features
Minimum Deposit $0
Deposit Fees No
Withdrawal Fees No
Base Currencies AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD

AXI Minimum Deposit vs Other Brokers

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

Feature AXI Pepperstone IC Markets
Min. deposit $0 $0 ($200 recommended) $200
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal No Yes Yes
Number of dep. methods 20+ 9 10+
Account currencies AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD. USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF HKD USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD.

AXI Account Base Currencies

Opening an account with AXI is quite simple, as is funding your account since they offer a good range of base currencies. This is useful since they help avoiding conversion fees. AXI accepts deposits made with any of the following account base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, and USD.

Axi deposits are also accepted in IDR, CNY, INR, THB, VND, MYR, and PHP. The base currency which you choose is of importance because it will prevent you from having to pay any kind of conversion charges when you make deposits or withdrawals from your bank.

How to deposit funds into your AXI account: Steps to follow

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:

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.

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.

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.

AXI Funding Methods (+ Withdrawals)

When making your Axi deposit of course you need to consider the funding methods that are available to you. The main deposit and withdrawal methods you will find available at Axi are, wire transfers, credit, or debit cards that are from Visa, Mastercard, Maestro, or JCB, and some popular e-wallet deposit methods. These are Neteller, and Skrill/Moneybookers.

Alongside these deposit methods, you have more than 15 others to choose from. These include China Union Pay and local deposit methods from an additional 8 Asian countries as well as Global Collect, Sofort, and POLi and BPay for Australian traders, and others. All in all, you have a wide range of choices when it comes to your Axi deposit method and all of the same methods are available to withdraw from.

When it comes to waiting time deposits to Axi are typically instant. Actually, there are only two real exceptions here. This is for bank transfers which can take up to 3 days, and using BPay which can take up to 2 days.

Axi supported payment method with expected fees and times

AXI Deposit Fees

In regard to Axi deposit fees, you will be glad to know that there are none. That’s right, Axi does not charge a fee for your deposits. The only kind of fees that you may incur are from your bank if it is a wire transfer, or a conversion fee if you are depositing a currency not supported as an Axi base currency.

In one other case, if you exceed a $50,000 USD fee-free limit, then Axi reserves the right to pass on credit card and Neteller fees to you.

AXI Withdrawals

As mentioned, once you have made your deposit you can withdraw again through any of these same methods. It can take up to 3 days in order to process your withdrawal depending on the method you use, but in many cases, it can be instant.

With Axi you should note that only you can withdraw your funds. This can’t be done by someone else so the withdrawing account will need to match the information on your broker account.

AXI Minimum Withdrawal Amount

The Axi minimum withdrawal amount is $5. This applies to almost any method you use to make withdrawals. The minimum Axi bank transfer withdrawal is $50.

If you withdraw less than this minimum amount then you may be charged a withdrawal fee.

AXI Minimum Deposit: Pros and cons

Here are some of the key pros and cons we have identified when it comes to making deposits and withdrawal at Axi:

Pros

  • Very wide range of deposit methods available.
  • No Axi minimum deposit amount required.
  • Broad range of base currencies.
  • Instant deposit and withdrawal methods.

Cons

  • You may incur a fee with some of the deposit or withdrawal methods.
  • There is a minimum withdrawal amount that you will need to follow to avoid a fee.

AXI Minimum Deposit FAQ

What is Axi minimum deposit for MetaTrader?

Axi doesn’t require a minimum deposit to start trading through MetaTrader 4, but generally brokers generally recommend a deposit of $100/200

Is Axi an ECN broker?

Axi is an STP/ECN broker. The standard account is an STP account, and the Pro account is ECN. Both of them require a very small initial deposit for you to start trading.


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69.6% of retail investor accounts lose money

About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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