Axi Select Review 2027Core Trading Conditions and Fees

Axi Select review 2027: no challenge fee, your own money at risk

Axi Select is a capital allocation programme run by Axi, a forex and CFD broker founded in Sydney in 2007. It launched in autumn 2023 and works very differently from a prop firm challenge. There is no evaluation fee and no demo account. The trader opens a live account with their own money, trades it and is given additional capital by the broker as their results improve. This review explains the stages, the scoring system and the trade-offs for 2027.

How it works

You open an Axi Select live account and deposit at least $500. You then trade normally. The programme measures your performance and produces an Edge Score. When the score reaches 50, you qualify for the first stage and Axi adds funded capital in a separate allocation account that copies your trades. Further stages bring more capital and a larger share of the profit made on it.

The Edge Score

The Edge Score is a number out of 100 built from three elements: the ability to generate profit while controlling drawdown, the handling of risk and the consistency of results. A minimum number of closed trades is required before a score counts. The score can be reset once every 90 days, which wipes progress. Everything in the programme depends on it, from entry to promotion.

The six stages

The stages are Seed, Incubation, Acceleration, Pro, Pro 500 and Pro M. Maximum funding rises from $5,000 at Seed to $20,000, $100,000, $200,000 and $500,000, and reaches $1 million at Pro M. The profit share on Axi's capital is 0% at Seed, then 40%, 50%, 60%, 70% and 80%. Each stage also raises the required Edge Score and the minimum equity the trader must hold in their own account. Promotion requires a 7% profit on the allocation account.

Risk limits

The allocation account has a maximum loss limit of under 10%. If it is breached, the allocation is removed. There is no time limit at any stage. Profits on Axi's capital are calculated monthly and the trader's share is paid at the start of the following month.

What it costs

There is no registration, challenge or monthly fee. The cost is the ordinary cost of trading with a broker: spreads, commissions and swaps on a live account. The other cost is risk. The $500 or more that you deposit is real money, and losses on it are yours.

Platform and markets

Trading is on MetaTrader 4, with a dashboard that shows the Edge Score and its components. Instruments are Axi's forex, index and commodity CFDs. Leverage on the trader's own account is up to 1:100.

Restrictions

The programme rules restrict certain strategies, including very short-term scalping, and prohibit abusive practices. The programme is offered through Axi's international entity and is not available in every country, including the United States.

How it compares with a challenge

A challenge costs a fixed fee and caps your loss at that fee. Axi Select costs nothing up front and exposes your deposit. A challenge can lead to a large funded account in weeks. Axi Select starts with $5,000 of extra capital and no profit share on it, and takes many months to reach meaningful size. In return, the counterparty is an established broker and the capital allocated is real.

Pros and cons

• No fee: nothing to pay to join or stay.
• Broker-run: operated by a firm active since 2007.
• Funding: up to $1 million at the top stage.
• No time pressure: progress at your own pace.
• Own capital at risk: a live deposit is required.
• Slow start: no profit share at the first stage.

Who is Axi Select for?

Axi Select suits traders who already trade a live account profitably and want extra capital without buying challenges. It is a poor fit for those with little capital who hope for a quick route to a large account.

Verdict

Axi Select is a credible alternative to the challenge model. For 2027 it rewards patience and steady risk control. Remember that the first money at risk is your own.

Axi Select review: compare the alternatives

This Axi Select review is part of our Top 40 Prop Trading Firms in 2027 ranking. To compare, read the Alpha Futures review and the BrightFunded review.