Axi Select is Hailed as The Future of Prop Trading / Axi (2024)

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Axi Select is Hailed as The Future of Prop Trading / Axi (1)

Axi Select is hailed as the future of prop trading as multiple demo account firms close doors due to pressures from regulators, brokers, and tech providers.

Sydney, Australia, 20th of February 2024

Bucking the trend of recent negative developments in the prop firm industry, leading global CFD and FX Broker Axi, which launched Axi Select - their unique capital allocation programme for talented traders - has been hailed by many industry experts as the future of the industry.

Recent issues experienced in the prop trading industry have resulted in multiple firms having to pause or close down their service due to pressure from Regulators, partner Brokers or tech providers.

Axi Select is completely different to the industry, and as a result has legitimised the prop firm model by offering a live trading account programme, with real controls in terms of execution, transparency, and fair market conditions. Since its launch in mid-2023, Axi Select has witnessed an incredible 40% month-on-month increase in the number of active clients on its platforms.

Axi believes their Select programme is revolutionary and sustainable and is the future of the prop firm model. Greg Rubin, Head of Axi Select stated:

“In the last week, the prop trading industry has been turned on its head completely with multiple firms having to suspend their services due to external pressures.

We foresaw this, which is why we’ve developed a capital allocation programme which is built on our live trading account model and has been available in over 100 countries for more than 16 years. This has given us the confidence that Axi Select is a long-term solution to the prop trading community, and is not subject to the issues now faced by prop firms who offer the demo account registration fee model and are under constant pressure from regulators and their tech partners.”

He continued “We genuinely empathise with the thousands of talented traders who will now be denied access to their allocated funds, and we encourage anyone using the demo trading registration model to question whether their prop firm partner will be able to continue as an ongoing concern given recent events. Unfortunately, this could be the beginning of the end for the demo account prop firm model.”

Axi Select offers a very attractive funding model - $1 million USD top allocation and clients can keep up to 90% of their profits – that’s one of the top allocation offerings worldwide, from an award-winning globally recognised, respected, and trusted broker.

By joining Axi you don’t need to pay a registration fee. Yes, you need to fund your trading account, but that money is yours to withdraw at any time and any profits you make on your funded account, you keep in addition to funds allocated by Axi.

“We believe passionately that Axi Select is the best allocation programme globally”, said Rajesh Yohannan, Group CEO of Axi.

“By using a live trading account, with real money and the emotions that accompany this, we believe you are more likely to be profitable longer term and make money from your own live account as well as the funded proportion. Our Axi Select account has all the controls we offer to our live account holders globally. This includes access to our award-winning fast, transparent, and fair-trade execution.”

He added, “If you are a talented trader and are looking for a legitimate funding programme which is designed to truly help you succeed and profit from the financial markets, and you want the stability of an account model which has been in the market for 16 years, then Axi Select is the place for you to find your Edge.”

About Axi Select*

Axi Select* is a unique capital allocation programme that was specifically designed to help you succeed as a professional trader. Axi Select* offers generous funding of up to $1 million USD as part of a structured and fair pathway to help you meet your long-term and most ambitious trading aspirations. Solidify your trading skills, knowledge and understanding of the markets and embark on your biggest trading journey ever with Axi through Axi Select.

Axi Select is Hailed as The Future of Prop Trading / Axi (2)

Why Axi Select*?

  • 100% Free to join – No registration fees
  • Earn 90% of profits on $1,000,000 USD of our funds
  • Unrestrictive trading conditions & a structured pathway that provides a fair & real opportunity for traders to become professional traders
  • Trading score (Edge score) to assess & assist with trading performance
  • Dashboard with analytics, advanced stats, and a leaderboard
  • Exclusive online trading room with live analysis and learning videos from professional traders. Ability to interact with fellow traders and share analysis/trading ideas
  • Trustworthy broker with over 35+ industry awards

How is Axi Select* different from other programmes?

Programme

Axi Select

Industry Standard

Registration FeeNoYes
Pass EvaluationNoYes
Restrictive Trading ConditionsNoVaries
Number of Attempts31
Leverage100:1Varies, majority less than 100:1
Account TypeReal Trading AccountDemo
Additional ToolsDashboard/Leaderboard,
Edge Score, Trading Room
Varies

Learn more & switch to Axi Select: https://www.axi.com/select

* The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU, and UK residents. For more information, refer to our Terms of Service. Other fees and minimum deposit apply.

About Axi

Axi is a global online FX and CFD trading company, trusted by thousands of ambitious customers in 100+ countries around the world. We help all types of traders, trading businesses, banks and financial organizations find the edge they need to achieve their financial goals through informed transactions made on the world's financial markets. Axi offers a wide range of assets including CFDs for several asset classes including Forex, Shares, Gold, Silver, Oil, Coffee, Indices, and other commodities.

At Axi, we are proud of our reputation as an honest, fair, and trusted broker. Our many awards and 'Great' Trustpilot reviews prove we have earned the confidence of customers who value our outstanding service, fast execution, secure payments, segregated funds, and easy withdrawals.

For further enquiries contact service@axi.com

Axi Team

Axi Select is Hailed as The Future of Prop Trading / Axi (3)

The Axi team is full of people with decades of financial industry experience and knowledge of almost every aspect of trading. The Axi team blog, in addition to regular posts from our daily market analysis contributors, is a place to share wider insights and ideas. In this section, you’ll find posts about everything from forex education and helpful hints for new traders to product updates and important market announcements.


Axi Select is Hailed as The Future of Prop Trading / Axi (2024)

FAQs

Why are prop firms getting shut down? ›

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

Is Axi broker legit? ›

Axi is regulated by at least one top-tier regulator

Brokers overseen by top-tier regulators are seldom - if ever - scams. They must keep clients' money segregated from their operational funds, offer fair fees and prices as well as provide transparent trade execution.

When was AXI founded? ›

Axi was founded in 2007 on a simple idea: be the broker we'd want to trade with. Since then, we've grown from a two-person startup to a top global broker and the first choice for a community of tens of thousands of traders in more than 100 countries.

Why is prop trading illegal? ›

The Volcker Rule is intended to restrict high-risk, speculative trading activity by banks, such as proprietary trading or investing in or sponsoring hedge funds or private equity funds.

Why is prop trading bad? ›

Limited Control Over Capital and Payouts:

- Traders in prop firms often have limited control over the firm's capital. They may need to deposit their own money as collateral or risk management. - Additionally, payouts are subject to the firm's rules, which may restrict a trader's access to profits.

Who is the owner of Axi? ›

Overview. Rajesh Yohannan is the current CEO of Axi. He previously worked at OANDA as a Managing Director and CEO.

Does Axi work in the USA? ›

Due to stricter US tax laws, the Axi Trading Platform is not available to US citizens.

Who is Axi competitor? ›

Top 10 paid & free alternatives to Axi includes ProsperityFX, GO Markets, FXGiants, Axiory, JustMarkets, LexaTrade, IQ Option, Funnel Trader, LMFX AND Forex Fury.

What does AXI stand for? ›

The Advanced eXtensible Interface (AXI) is an on-chip communication bus protocol and is part of the Advanced Microcontroller Bus Architecture specification (AMBA).

Where is AXI broker located? ›

Axi is based in Australia and was founded in 2007. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Where is AXI based? ›

All Axi servers are located in New York and are hosted by Equinix in the NY4 Data Centre.

Why did MetaTrader ban prop firms? ›

Today, MetaQuotes decided to abruptly halt services, due to… Blackbull, like a few other brokerages, took advantage of their MetaTrader license and grey-labeled them to prop trading companies. As confirmed by Lal, the broker only allowed Funding Pips to operate on its “demo servers via MT5.”

Will prop firms stay? ›

In summary, the online prop firm industry will be around for many decades to come. It's not going anywhere! However, there will no doubt be strong regulation coming in the following years, which is hugely positive. This will weed out all the prop firms that are scamming traders and should not be operating.

What happens if you lose money in a prop firm? ›

Profits from trades are generally divided between the firm and the prop trader; however, the risk distribution is asymmetric. This means that in the event of a loss, the trader bears 100% of the losses, while they don't receive 100% of the profits.

Are prop firms a pyramid? ›

There is a very slim likelihood that they will succeed if the prop firm does not have their best interests in mind. Actually, one could compare the 95% of prop companies to a pyramid scheme. They either set you up to fail or compensate you with other traders' losses.

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