Axi Select is a capital allocation program run by AxiTrader LLC, the offshore entity of Axi, a global forex and CFD broker founded in 2007. It launched in autumn 2023 as an alternative to the standard challenge-fee prop firm model.

With a traditional prop firm like FTMO or FundedNext, you pay a non-refundable challenge fee (typically $100 to $600) to trade a demo account. Pass the evaluation and you get access to simulated funded capital. With Axi Select, there is no challenge fee and there is no demo account. You deposit a minimum of $500 into a live Axi trading account, trade that real money, and Axi evaluates your performance through a proprietary scoring system called the Edge Score. Hit a score of 50 or above and you unlock the Seed stage, which gives you access to up to $5,000 in Axi-funded capital.

The practical implication is that your deposited capital stays yours throughout. You can withdraw it at any time, though doing so mid-month forfeits that month’s allocation account profits. Axi earns from spreads and commissions on your live trading, not from failed challenge fees. That changes the incentive structure relative to most prop firms.

Joining is a three-step process with no upfront fee. Each step is a hard requirement. Skip any one and you are not eligible for the Seed stage.

Axi Select has six stages. Each stage increases your Axi-funded allocation and your profit split percentage. All figures below are taken directly from the official Axi Select program page and Program Rules PDF, verified July 12, 2026.

How deposits affect your allocation

Depositing additional funds during an active stage does not increase your Allocation Account mid-stage. For example, if you are at Acceleration with $2,000 in your account and a $50,000 allocation (x25 multiplier), depositing an extra $2,000 will not raise your allocation to $100,000. The allocation stays at $50,000 for that stage. The increased equity only applies when you begin the next stage.

What happens at the end of each month

At month-end, your Allocation Account is reset to its opening balance for that month. Profits generated on Axi’s capital are calculated and your share (at your current stage split) is transferred to your Axi account on the first day of the following month. If you have any open positions in the Allocation Account at month-end, no automatic payment is made. The account stays unchanged until it is flat. You can deliberately keep a position open to defer a payout to the following month.

The Edge Score is the single mechanism that determines whether you can enter the program, how you advance between stages, and how much capital you can access. You need 50 to enter Seed, 60 for Incubation, 70 for Acceleration, and 90 to reach Pro through Pro M.

The score is a weighted composite of three components multiplied by an Experience discount factor:

Dashboard insights

The Edge Score dashboard shows your current score and breaks it down by component. It also provides three personalized trading insights in a “How to Improve My Edge Score” section, tailored to your individual trading patterns. What the dashboard does not show is the exact weighting formula for each component. This is the most consistent complaint from active Axi Select participants.

Resetting your Edge Score

You can reset your Edge Score once every 90 days from your initial account opening. Resetting wipes your current trading progress and closes your existing Axi Select account. You then need to place 20 unique trades in the new account and maintain $500 USD in equity to re-qualify for Seed. This is a last resort for traders whose scores have been severely damaged by a poor run and who want to start fresh.

Axi Select has fewer restrictions than most challenge-based prop firms, but it has two hard prohibitions that rule out specific trading styles entirely.

Tradable instruments and copy eligibility

Axi Select supports a broad range of CFDs across forex, indices, commodities, metals, equities, and crypto. However, not all instruments traded on your personal Axi account are eligible to be copied to the Allocation Account. The table below shows what is and is not eligible.

Trades placed on ineligible instruments are still executed on your personal account — they just are not mirrored in the Allocation Account and therefore do not count toward your stage performance metrics.

Platform: MetaTrader 4 only

Axi Select runs exclusively on MetaTrader 4. There is no MT5, no cTrader, no TradeLocker, and no proprietary Axi platform option within the program. MT4 is available as a desktop download, web trader, and mobile app. Axi enhances the base MT4 installation with MT4 NexGen (enhanced order management) and Autochartist integration (market scanning and opportunity alerts), both at no additional cost.

Axi Select dashboard

Axi Select provides a web-based dashboard separate from MT4 where you can track your Edge Score in real time, view performance analytics by component, monitor stage progression, and access the Axi Select Trading Room. The Trading Room is available from the Seed stage onward and provides live educational content and market analysis from Axi’s trading team.

Axi Select has two separate profit streams. The first is profit from your own live Axi trading account — entirely yours, withdrawable at any time through standard Axi channels. The second is the performance fee from your Allocation Account, which is the portion of Axi-funded capital gains paid to you at your current stage’s split percentage.

When performance fees are paid

Performance fees are automatically credited to your Axi Select account on the first day of the calendar month, provided two conditions are met: the Allocation Account balance is higher than the original Axi funding amount at month-end, and there are no open positions in the Allocation Account at month-end. If you have any open positions when the month closes, no payment is made and the account remains unchanged. Only when the account is flat does the transfer happen.

Withdrawal rules and risks

Withdrawing mid-month forfeits all allocation account profits earned during that period and resets the multiplier based on your new, lower equity balance. If you withdraw while the Allocation Account has a negative PnL, the account is reduced immediately by the withdrawal amount times the multiplier. This can push you into quarantine if the resulting balance breaches the maximum loss limit.

To avoid penalties, Axi recommends withdrawing after performance fees have been paid (on the 1st of the month) and before placing any new trade for the new month. Once a trade is placed, the month’s multiplier is locked in and any withdrawal is treated as mid-month.

Your own deposit

Your personal deposited capital sits in your regular Axi account and can be withdrawn at any time via standard Axi methods: credit/debit card, bank wire, or e-wallet depending on your country. Axi does not charge withdrawal fees, though third-party processor fees may apply. Withdrawing below the minimum equity for your stage removes you from that stage and drops you back to Seed.

Quarantine is the consequence of breaching the maximum loss limit on your Allocation Account. Its behavior differs significantly depending on which stage you are in. Most reviews get this wrong — here is exactly how it works per the official program rules.

During any quarantine, you can still trade your personal Axi Select Trading Account as normal. Only the Allocation Account is restricted. Your own deposited funds are not locked.

Axi Select is operated by AxiTrader LLC, registered in St. Vincent and the Grenadines. This is the international entity of Axi, separate from the Australian, UK, and EU regulated arms. The Select program is not offered through any of Axi’s regulated entities and is therefore outside the protection of ASIC, FCA, or CySEC frameworks.

That said, the parent group — AxiCorp Financial Services Pty Ltd (ACN 127 606 348, Australia) — has a 15-year operating history, holds ASIC authorization (AFSL 318232), FCA authorization (FRN 466201), and CySEC authorization (licence 433/23). Axi processes approximately $5 trillion USD in annual trading volume, serves traders in over 100 countries, and is the official trading partner of Manchester City FC.

Axi’s Trustpilot profile (reviewed under the combined Axi brand) holds a rating of 4.1 out of 5 based on over 7,000 reviews as of July 2026. Positive reviews consistently cite fast withdrawals, reliable execution, and responsive support. A minority mention verification delays and mobile app glitches after updates.

Known enforcement case

One ForexPeaceArmy user documented their Pro-stage account being reset to Seed for scalping, two days before a $7,000 monthly payout. Their average trade duration was 27 minutes with an 84-pip average win. After raising a dispute, Axi reviewed the account and reinstated the Pro stage within three weeks. This case confirms two things: the scalping ban is actively enforced, and Axi will review appeals. However, enforcement criteria are not publicly defined beyond “very short timeframes,” which creates ambiguity for traders who hold positions for 15 to 30 minutes.

The free-to-join, live-account model puts Axi Select in a different category from most challenge-based firms. Here is how it compares on the points that matter most.

Axi Select works best for patient swing and position traders who use real money discipline and their own EAs, can absorb a 7% max loss without panic, and want to avoid challenge fees. FTMO is a better fit for traders who scalp, need MT5, or want faster access to higher splits without building personal equity to $20,000. The5%ers Hyper Growth is the closest structural match to Axi Select in terms of live-account funding, but with tighter trailing drawdowns and faster scale-up potential at lower personal equity requirements.

For more comparisons, see the best prop firms and available prop firm discount codes on FundedTrading.

Axi Select is structurally different from the prop firm mainstream. No challenge fee, no demo account, no 30-day countdown clock. You trade real money from day one and build a verifiable performance record on a platform backed by a 15-year-old broker. The incentive alignment is genuine — Axi earns from your spreads, so a profitable trader who stays long-term is worth more than a failed challenge fee.

The weaknesses are real and some of them are deal-breakers depending on your strategy. The scalping ban is absolute. If you trade short-duration strategies, this program will disqualify you. The 7% maximum loss limit is tighter than most challenge-based alternatives. Reaching the Pro M stage requires building $20,000 in personal equity, which is a meaningful capital commitment. And losing a Pro-stage account drops you all the way back to Seed, months of progression wiped out by a single bad run.

For traders with a swing or position trading approach, their own tested EA, and the patience to progress over 9 to 12 months of minimum stage durations, Axi Select is one of the more credible free-access programs in the market. The backing matters. Most prop firms do not have it.