To open an account with Axi, follow these steps:
- Visit the Axi Website: Go to the Axi homepage and click on the “Open Account” button.
- Complete the Registration Form: You’ll need to provide personal information including your name, email, phone number, and country of residence. Make sure to check the box to agree with Axi’s terms and conditions.
- Verify Your Email: After submitting the initial form, you will receive an email with a verification link. Click on this link to confirm your email address.
- KYC Verification: Once your email is verified, you’ll need to upload documents to verify your identity and address. Typically, this includes a government-issued ID (passport, driver’s license) and a recent utility bill or bank statement.
- Account Activation: After submitting your documents, Axi will verify them—this can take a few minutes up to a couple of days. Once verified, you’ll receive an email with your account login details, and your account will be ready for trading.
Different Types of Accounts on AXI
Axi offers different types of trading accounts tailored to suit various trading styles and experience levels. Here’s a breakdown:
- Standard Account: This is the most common account type, ideal for beginner traders. It features no commissions on trades, but the spreads are slightly wider compared to other account types.
- Pro Account: Designed for more experienced traders, the Pro account offers tighter spreads but includes a commission fee per trade. It’s a good choice for those who trade frequently and need lower trading costs.
- Elite Account: This account is aimed at professional traders or institutional investors who require the best trading conditions. It offers the tightest spreads and lowest commissions, but it has higher minimum deposit requirements and other criteria for eligibility.
- Islamic Account (Swap-Free): This account is available for traders who require a Sharia-compliant trading environment. It is similar to the Standard or Pro accounts but does not incur swap or rollover interest on overnight positions.
Minimum Deposit on AXI
Axi does not have a fixed minimum deposit requirement for its Standard account, which makes it accessible to a wide range of traders, including beginners.
However, for the Pro and Elite accounts, there might be specific deposit requirements to unlock the tighter spreads and lower commissions that these accounts offer.
- Standard Account: No minimum deposit is required, giving you flexibility to start with any amount you feel comfortable with.
- Pro Account: While Axi does not publicly state a minimum deposit for this account, it’s generally expected that traders using the Pro account will deposit more substantial amounts due to the commission-based structure.
- Elite Account: This account usually requires a higher initial deposit and has more stringent eligibility criteria, aimed at high-volume or institutional traders.
Countries That Can and Cannot Open an Account on AXI
Axi is accessible to clients in many countries around the world, but there are certain jurisdictions where they do not offer services due to regulatory restrictions.
Countries Where You Can Open an Account:
Axi supports clients from numerous countries across Europe, Asia, Africa, and Australia. Some of the key regions include:
- United Kingdom
- Australia
- Germany
- South Africa
- Singapore
- India
Countries Where You Cannot Open an Account:
However, Axi does not allow account opening for residents in certain restricted countries, primarily due to local regulations or international sanctions. Key countries where Axi does not operate include:
- United States: Axi does not accept clients from the U.S. due to strict financial regulations.
- Canada: Similar restrictions apply in Canada, where specific provinces may have different regulations.
- North Korea
- Iran
- Cuba
- Syria