Axi Review 2026
The full Axi write-up for South Africa traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in South Africa
| Regulator | FSA FSA, Seychelles Financial Services Authority (FSA) |
| Licence Number | SD037 |
| Regulated Entity | AxiCorp Global Services Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $0 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 140+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Cooks under FSA (licence SD037). Cover charge $0. In South Africa, forex leverage is capped at 1:500.
About Axi
Axi opened its doors in 2007 out of a kitchen in Sydney, Australia. Its menu runs to 140 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by AxiCorp Global Services Ltd under FSA.
In South Africa, Axi serves as AxiCorp Global Services Ltd, cleared by FSA under licence number SD037. Under FSA house rules, South Africa traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD037
- 140+ instruments to trade
- Negative balance protection in South Africa
- Platforms: MT4, MT5
- Founded in 2007 (19 years operating)
- Headquartered in Sydney, Australia
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is Axi regulated?
Yes. Axi is authorised by FSA, issued to the entity AxiCorp Global Services Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for Axi in South Africa?
The cover charge is $0, the smallest amount South Africa traders need to open a live account with Axi under FSA rules.
What leverage does Axi offer in South Africa?
In South Africa, FSA rules cap Axi at 1:500 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is Axi safe to trade with?
The kitchen passes inspection: Axi cooks under FSA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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