Axi Review New Zealand 2026

How popular is Axi in New Zealand?

New Zealanders made 90 branded searches for Axi in August 2026, placing it 5th of the 6 brokers we review. Search interest measures attention, not quality; the score above is the review verdict.

5of 6Search interest rank

90

Brand searches, August 2026

n/a below 1,000

vs July 2026

20

Login searches

1.0%

Share of all searches

Source: Google search volume, New Zealand, August 2026.

How this is measured

Google Ads reports how many times a month people in New Zealand searched each broker's brand terms, and the brokers are ranked on that figure alone.

A term counts for a broker only when that broker's own website holds the first organic Google result for it in New Zealand; bare brand words that any company could own are left out.

A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.

These figures were collected once and are not refreshed monthly, unlike the monthly refreshes for this site's other markets; the first-organic-result check, which determines which search terms count for which broker, was run once on 20 September 2026 and does not repeat.

Is Axi safe? FMA licence, AxiCorp Financial Services Pty Ltd

Yes, Axi holds a derivatives issuer licence from the FMA, and the entity behind it is AxiCorp Financial Services Pty Ltd. The firm trades on the register as Axitrader. FSP518226 is a registration on the Financial Service Providers Register, not a licence, and the derivatives issuer licence, granted on 1 June 2018, authorises the issuing of derivatives to a New Zealand client (FMA register, read 19 September 2026). The FMA classes retail forex trading as derivatives trading, so that licence is the one that matters to you.

Before you deposit, read the enforcement history. The FMA suspended the derivatives issuer licence of AxiCorp Financial Services Pty Limited, trading as AxiTrader, effective 29 July 2019, on grounds of material breaches of the Financial Markets Conduct Act 2013: a regulated offer to retail clients without a compliant Product Disclosure Statement or Disclose Register entry, unfiled audited financial statements, and no assurance engagement with a qualified auditor within 4 months of its balance date (FMA media release, 1 August 2019). The FMA lifted the suspension effective 2 December 2021, after the company demonstrated it had taken adequate steps to address the material breaches (FMA media release, 9 December 2021).

FMA regulation and global licences

Elsewhere the group answers to the FCA in the United Kingdom, ASIC, CySEC, and the DFSA in Dubai, and none of those regimes covers you. The FMA is your regulator, and the Financial Markets Conduct Act 2013 governs your contract with this entity. The FMA itself recommends New Zealanders avoid overseas forex services it has not licensed, even where an overseas regulator appears to cover them, and I would treat that advice as applying to any group entity you are considering.

Axi’s licence stood active when I read the register. Read that alongside the suspension history above, and read both before you fund an account.

FMA enforcement history

1. 1 August 2019 FMA suspends AxiCorp derivatives licence

   AxiCorp’s licence will remain suspended until the FMA is satisfied that its concerns have been addressed.

   The FMA suspended the derivatives issuer licence of AxiCorp Financial Services Pty Limited (trading as AxiTrader) for material breaches of the Financial Markets Conduct Act 2013, including making a regulated offer to retail clients in New Zealand without a compliant Product Disclosure Statement or Disclose register entry, failing to lodge audited financial statements, and failing to obtain an assurance engagement with a qualified auditor within 4 months of its balance date. The suspension is effective from 29 July 2019.

Also named by the FMA, without action against AxiCorp Financial Services Pty Ltd:

• 24 July 2020 FMA publishes derivatives issuer Sector Risk Assessment

Source: the Financial Markets Authority, fma.govt.nz, searched 21 September 2026.

Axi client money protection and dispute scheme

A New Zealand client contracts with AxiCorp Financial Services Pty Ltd, which issues the statement and the CFDs it describes, under the Financial Markets Conduct Act 2013 (statement, page 2). That is the entity, the Act, and the document that govern your money and your complaints, and the four sections below take each in turn.

History and ownership

The issuer is AxiCorp Financial Services Pty Ltd, incorporated in Australia and trading as Axi, providing CFD trading in New Zealand and Australia (statement, page 21). The statement is the New Zealand one: it is prepared under the Financial Markets Conduct Act 2013 and points the reader at disclose-register.companiesoffice.govt.nz, even though Axi files it under its Australian legal documentation page.

Where a New Zealand client’s money is held

Client funds are held on trust in one or more trust accounts with Australian authorised deposit-taking institutions (statement, page 21). Axi holds no individual segregated accounts, and client money is co-mingled with other clients’ money in its trust accounts (page 21). Axi is entitled to the interest payable on funds held in the client trust account and may pay that interest to itself (page 21). The FMA names insolvency of the provider as a risk to read the statement for, and says a client may be an unsecured creditor, so I would read those three facts together before depositing.

Who a New Zealand client contracts with

The contracting party is AxiCorp Financial Services Pty Ltd, and the offer is registered on the New Zealand Disclose Register, which the statement names as where further information about the offer sits (statement, page 2). That means the FMA is your regulator and the Disclose Register is where you check the offer, so you know exactly which entity stands behind your account before you fund it.

How to complain, and who hears it

Axi seeks to resolve a complaint within 21 calendar days, and if it cannot resolve one within 2 months it must give reasons, updates, and an expected decision date (statement, page 23). The external dispute resolution scheme is the Financial Dispute Resolution Service (FDRS), and it charges a complainant no fee (page 23). FDRS is reached at www.fdrs.org.nz, [email protected], 0508 337 337, or PO Box 2272, Wellington 6140 (page 23). Keep your account records, put the complaint in writing, and if the timetable slips, the scheme is free to you.

Axi at a glance: 17 key facts

The table below sets out what a New Zealand client contracts for, and I would read it before the detail. Axi’s own documents supply the entity facts, our global broker test and Ross Collins’s spread tests supply the measured ones, and the table marks which is which. Carry that distinction into the sections that follow.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by ASIC is regulated by the Australian Securities and Investments Commission; by FCA, the Financial Conduct Authority; by DFSA, the Dubai Financial Services Authority.

Axi spreads and commission, measured

Ross Collins’s spread tests measured both of Axi’s EUR/USD figures, and both accounts below are tested, not advertised, published, or indicative. Both figures are carried over from global testing: none was measured on a New Zealand account or against the New Zealand entity. The methodology page at /our-methodology/forex-fees/tightest-spreads/ sets out how the spread capture works. The spread figures are in pips, as Ross Collins’s spread tests hold them, and the round-turn costs further down the section convert them to US dollars at US$10.00 per pip on a standard lot (1.0 lot) of EUR/USD. In our zero-spread testing, Axi’s EUR/USD spread sat at its minimum 82.61 per cent of the recorded time.

Raw spread plus commission

On the raw account, Ross Collins’s spread tests put EUR/USD at 0.43 pips. The commission of US$3.50 per side, US$7.00 round turn per standard lot, is Axi’s published figure. Add the spread cost and the commission together and the round turn for 1.0 lot of EUR/USD comes to US$11.30. If you trade size, that is the account I would compare against rivals, because the commission is fixed and the tested spread is the tighter of the two figures.

One spread, no commission

Axi’s EUR/USD spread on the one spread, no commission account tested at 1.45 pips, with a round turn of US$14.50. That is the like-for-like account against the rivals in the comparison section, because it is the one account both rivals also offer. The trade-off is simple: you pay no commission, and you pay for it in the spread. Which account suits you depends on your size, and I would do the arithmetic on your own typical position before choosing.

What it costs to trade with Axi

Beyond the spreads, the statement names four charges a New Zealand trader should check, and each is named without an amount. Each is a real charge that applies, and the only way to know what it costs you is to ask the firm before you fund an account.

Other fees a New Zealand trader should check

An inactivity fee applies after 12 continuous months with funds in the account, no trading, and no open positions, charged within 30 business days and quarterly after that (statement, page 21). A daily financing fee accrues on positions open at market close, 5pm New York time, Monday to Friday, so a position held overnight costs money every night it stays open (page 18). Profit, loss, and charges not in the account currency are converted at Axi’s exchange rate, which may differ from its quoted FX price (page 21). Administrative charges may include deposit and withdrawal fees, international remittance fees, duplicate statements, audit letter fees, and debt collection fees (page 21). I would ask for the current amounts in writing before depositing.

Axi funding methods and withdrawals

An account is funded by debit or credit card, bank transfer, or other methods through the client portal, and Axi accepts no property or cash (statement, page 21). The default account currency rule in the accounts section applies here: if you select no currency, your account is in New Zealand dollars, and any deposit in another currency will meet the conversion charge named in the costs section.

Deposit methods (NZ clients)

Debit card, credit card, and bank transfer are the named routes, all through the client portal (statement, page 21). The statement also names deposit fees among the administrative charges that may apply (page 21), so I would confirm the charge on your chosen method before the first deposit rather than after.

Withdrawals

What the statement sets out on withdrawals is that administrative charges may include withdrawal fees and international remittance fees (statement, page 21). Before your first withdrawal, ask the firm for the current fee and the current route, and treat any figure you are quoted as the one to check against your statement.

Axi account types and minimum deposit

The statement sets out two account types: a Standard Account charged through spreads and commission free, and a Pro Account charged through commissions with low or zero spreads (statement, page 14). Those map onto the two tested figures in the spreads section, and which one suits you depends on whether you would rather pay a fixed commission or a wider spread. An account may hold sub-accounts in different currencies, and where you select none, the default account currency is New Zealand dollars (page 14), which is worth knowing if you want to avoid conversion charges on your own money.

Minimum deposit

The minimum deposit in our global broker test is US$0, so the amount you start with is your own decision rather than the firm’s threshold (global panel figure). What that means for you in practice: you can open with what you have.

Axi trading platforms

MT4 is the one platform our global broker test lists for Axi, and that single entry is the whole line-up a New Zealand client on this entity gets. Axi also makes a demo account available, and our global test classes it as an ECN. If you already know MT4, you know the terminal you will be trading on here, and I would use the demo before committing funds.

Copy and social trading

Our global broker test names no copy trading product for this broker, so there is no copy trading platform I can point a New Zealand client at on this entity. If copy or social trading matters to your strategy, the brand’s worldwide offering is covered in our global review at /reviews/axi-review/, and I would check there before assuming this entity carries it.

Axi app

Axi execution speed and slippage

For a New Zealand trader, the speed picture is a 164 ms market order fill and a 90 ms limit order fill, which rank 25th and eighth respectively on our global tables. Both figures are from the global panel, and no figure on this page was measured against AxiCorp Financial Services Pty Ltd. The limit order result is the stronger of the two, and the market order result is mid-panel.

What a fill time does tell you is how long your order takes to reach the market. What it does not tell you is the price you get: a fast fill can still fill at a worse price than you clicked, and a slower fill can land on the price you wanted. Slippage is a separate question from speed, and our execution figures answer the speed question only. For the terms that govern what happens when your account runs low, read the leverage section below.

Axi markets

The New Zealand Product Disclosure Statement describes CFDs over exchange rates on a currency pair, and over precious metals, other commodities, indices, futures contracts, shares, and cryptocurrencies (statement, page 6). Those are product classes, and the statement gives classes rather than counts of instruments. The statement opens by warning that many derivatives are complex, high-risk products not suitable for most retail investors (page 2), and I would read that warning before trading any of them.

The maximum leverage available for each instrument appears in the leverage section below.

Axi leverage and margin for New Zealand clients

The maximum leverage available varies with the underlying instrument, and the statement sets the rates in the Retail Client Product Schedule (statement, page 8). The FMA describes leveraged forex trading as borrowing money to place a bet, with the full borrowed amount repayable on a loss, and I would hold that description in mind when you read the schedule’s rates for the instruments you trade.

How leverage interacts with margin on this account

An account balance falling below the minimum margin requirement is a default event that lets Axi close positions (statement, page 15). What the statement does give you is a floor under your loss: a retail client is given negative balance protection, so losses are limited to the money in the account (page 6). Read the two together, and you know both the trigger that can close your positions and the limit on what you can lose.

Axi contact and complaints

If you need to reach the firm, the statement’s route runs complaint first: you take the problem to Axi, and the free external dispute scheme is the next step if that does not resolve it. Both steps, with their timetable and their contact details, sit in the client money section above. I would put the complaint in writing from the first contact.

Axi vs CMC Markets vs Plus500 for New Zealand traders

On the spread-only, no-commission account, Ross Collins’s spread tests measured CMC Markets at 0.8 pips on EUR/USD. With no commission to add, that works out to a US$8.00 round turn. Plus500 publishes an average spread on EUR/USD at the same figure, with no commission either, so you land at the same round turn. CMC Markets’ figure is tested, while Plus500’s is an average rather than a tested one. Axi’s tested figure on that account sits above both, and I would weigh that difference against your own trading size before choosing.

On score, CMC Markets is published at 64.6 out of 100 and Plus500 at 58.8 out of 100, both from our global test panel, and Axi’s published score sits between them. These are the brands ranked fourth and seventh in the rated set, the global-score brokers on either side of Axi, and neither of them offers a raw spread plus commission account, so the spread account is the fair comparison. If cost is your deciding factor, the table favours both rivals on the standard account; if the raw account’s round turn suits your size, Axi’s tested figure is the one to put beside them.

What other review sites say about Axi

These are ratings of Axi from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	4.1 / 5	7,877	1 October 2026

Axi holds a Trustpilot rating of 4.1 out of 5 from 7,877 reviews, checked 1 October 2026.

App Store and Google Play ratings for Axi

Our score is based on published criteria and is not influenced by these third-party ratings.

Should you open an account with Axi?

Yes, I would open an account with Axi if you want a licensed New Zealand derivatives issuer with a tested raw account and MT4, and you have read the 2019 suspension and the 2021 lifting for yourself. The licence is active, the statement is registered, and both EUR/USD figures come from Ross Collins’s spread tests.

I would not open one without reading three things first: the client money terms on page 21 of the statement, the Retail Client Product Schedule that sets the leverage rates, and the FMA’s own media releases on the suspension and its lifting. Before depositing, check for yourself the current amounts of the inactivity fee, the currency conversion charge, and the administrative charges, and confirm the funding route through the client portal works from your bank.