Is AxiTrader Available in Burkina Faso as of 2024?

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AxiTrader (AXI)  is an online Forex and CFD broker that offers trading services globally. The broker is renowned for its raw spreads, high liquidity, and flexible leverage. Trusted by thousands of traders in over 100 countries, Axi is regulated in three tier-1 jurisdictions, one tier-2 jurisdiction, and one tier-4 jurisdiction. If you are a trader living in Burkina Faso, you may wonder if AxiTrader operates in Burkina Faso. 

The answer is ‘Yes’; AxiTrader operates in Burkina Faso. In this article, we will dive deeper into AxiTrader for the traders of Burkina Faso, along with the pros and cons of using this platform. We will also discuss the account opening process, deposit and withdrawal options, and more to assist you in making a better decision about whether AxiTrader is the right choice for your trading needs in Burkina Faso.

Is AxiTrader Available in Burkina Faso?

Yes, AxiTrader is available in Burkina Faso. It is an online forex broker that offers its services worldwide including Burkina Faso. The broker is regulated in different jurisdictions worldwide including ASIC, FCA, FMA, DFSA,  and FSA (St Vincent and the Grenadines). Traders from Burkina Faso can trade under its global entity: AxiTrader Limited (AxiTrader).  AxiTrader is regulated by The Financial Conduct Authority  (FSA) with the  Securities Dealer’s license number 25417 BC 2019.  

AxiTrader At a Glance

AxiTrader At a Glance
  • Founded In: 2007
  • Trading Instruments: 220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices. 
  • Minimum Deposit: $0 for standard and pro accounts, 25,000 for Elite account. 
  • Maximum Leverage: upto 1:500
  • Regulations: ASIC, FCA,  SVG, FSA, DFSA,
  • Trading Fees: spread starting from 0.9 pips for standard account, $7 per lot for pro account, $3.5 per lot for Elite account
  • Trading platform: MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps. 
  • Account Types:  Standard, Pro Account, and Elite Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, GlobalCollect, JCB, Maestro, Neteller, Ngan Luong, Payment Asia, Poli, Skrill, UnionPay
  • Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
  • US Clients : Not Accepted

Yes, AxiTrader is legal in Burkina Faso. Being a global forex broker, AxiTrader is regulated by top-tier authorities around the world. Moreover, there are no restrictions on AxiTrader imposed by any authorities in Burkina Faso. Therefore, you can trade forex confidently with AxiTrader  in Burkina Faso without any legal concerns

Is AxiTrader Safe and Trustworthy in Burkina Faso?

Yes, AxiTrader is committed to providing a safe and trustworthy trading environment for traders worldwide including Burkina Faso. Here’s how AxiTrader ensures your funds’ safety:

Top Tier Regulations:

AxiTrader is regulated by top regulatory authorities including ASIC, FCA, FMA, DFSA, and FSA. These regulatory bodies set stringent standards and conduct regular audits to ensure the broker’s compliance with industry best practices. These multi-layered regulatory frameworks enhance transparency and accountability which gives you peace of mind as you trade.

Segregated Clients Fund:

AxiTrader takes great care of client funds by storing them in separate bank accounts across various locations. This ensures that clients’ money is clearly distinguished from the company’s funds. As a result, neither AxiTrader nor its creditors can access or control clients’ funds.

Negative Balance Protection:

AxiTrader offers negative balance protection to its retail clients. This feature ensures that your account balance can never go below zero. It prevents you from incurring debts beyond your initial investment. It’s an additional layer of security that shields you from extreme market volatility and unexpected price movements.

Investor Protection:

AxiTrader provides investor protection to clients in the ASIC and CySEC jurisdictions. However, it doesn’t extend this protection to its global entity (AxiTrader Limited: AxiTrader). As a resident of Burkina Faso, the investor protection scheme might not apply to you. Still, this scheme shows AxiTrader’s dedication to looking after its clients’ interests and upholding the highest regulatory standards.

How to Start Trading with Axi in Burkina Faso: Just 4 Simple Steps

AxiTrader supports online account opening. The process of account opening is quick and straightforward. It may take only 2 to 5 minutes to open a trading account with AxiTrader. Here is the step-by-step guide to opening an account with AxiTrader in Burkina Faso.

Step 1: Create a Live Account:

To start your trading journey with Axi in Burkina Faso, the first step is to create a live account. This process requires you to provide essential personal details such as

  • Your Full Name 
  • Country of Residence
  • Mobile Number 
  • Email Address 

Additionally, you’ll need to choose the appropriate account type, whether it’s an individual account or a joint account. After carefully reviewing and agreeing to the terms and conditions, proceed by clicking “Submit” to advance to the next stage.

Step 2: Verify Your Identity:

In the next step, you need to verify your identity with proper documents. During this stage, you’ll be asked to upload a document that serves as proof of your identity. Axi accepts three primary types of identification documents: 

  • A driver’s license, 
  • A national identity card, 
  • or a passport. 

If you currently don’t have any of these documents readily available, there’s an option to defer this step and return to it later. Simply click “Skip this step and come back later” to proceed with the rest of the application.

Step 3: Add Money to Your Account:

Before you can begin executing live trades, you must fund your trading account. This can be achieved through the Axi Client Portal. Access the Client Portal either through the link provided in your welcome email or by visiting the designated webpage. To log in, use the MT4 ID and password provided in your welcome email. Once logged in, you’ll gain access to a comprehensive range of options to manage your Axi trading account effectively. Select the deposit option and follow the provided instructions to add funds securely to your account.

Step 4: Start Trading:

With your account created, identity verified, and funds deposited, you’re now ready to start on your trading journey with Axi in Burkina Faso. Go to the trading platform and begin exploring the various financial instruments available for trading. Use the tools and resources provided to analyze market trends and make better trading decisions. Remember, risk management is the key to success in forex trading. 

How to Deposit Funds on AxiTrader in Burkina Faso.

 Depositing funds on AxiTrader is easy and simple in Burkina Faso. Here are the steps 

  1. Log in to your AxiTrader account using your username and password.
  2. Click on the ‘Funding’ section, usually found in your account dashboard.
  3. Choose how you want to deposit money. You can use a credit/debit card, bank transfer, or an e-wallet.
  4. Enter the amount you want to deposit.
  5. Fill in any required information, like your card details or bank account information.
  6. Check everything carefully to make sure it’s correct.
  7. Click to confirm the deposit.
  8. Wait for the deposit to go through. It might happen right away or take a bit of time, depending on your chosen method.
  9. Once it’s done, the money will be in your AxiTrader account, ready for you to start trading.

How to Withdraw Funds From AxiTrader in Burkina Faso

Withdrawing funds from AxiTrader is almost the same for all countries, including Burkina Faso. Here are the steps to follow.

  1. Log in to your AxiTrader account using your username and password.
  2. Go to the ‘Withdraw Funds’ section, typically located in your account dashboard or under the ‘Funding’ tab.
  3. Select the withdrawal method you prefer. Common options include bank transfer, credit/debit card, or e-wallet.
  4. Enter the amount you wish to withdraw.
  5. Provide any necessary details, such as your bank account information or e-wallet address.
  6. Double-check all the information to ensure accuracy.
  7. Confirm the withdrawal request.
  8. Wait for the withdrawal request to be processed. Depending on the withdrawal method and the axitrader’s processing times, this may take some time.
  9. Once processed, the funds will be transferred to your chosen withdrawal method and should appear in your designated account.

Pros and Cons of AxiTrader for the Clients of Burkina Faso.

Pros :

  • A global broker since 2007.
  • Regulated by FCA, ASIC, DFSA, FMA, and FSA.
  • Serves over 60,000 customers in 100+ countries.
  • No deposit and withdrawal fees.
  • The minimum deposit is as low as $1.
  • Allows scalping, EA trading, and news trading.
  • Offers passive investment programs like MAM, PAMM, and Zulutrade.
  • Maximum leverage is as high as 400:1.
  • Offers a wide range of trading instruments including forex, metals, indices, commodities, and cryptocurrencies.
  • Spread betting is available for the UK market.
  • Spreads are low and start from 0 pips.
  • Easy and digital account opening process.
  • AutoChartist, MetaTrader 4 NextGen, and PsyQuation are offered.
  • Signal providers and free VPS are offered (conditions apply)

Cons :

  • Not regulated by CySEC, a leading regulator for EU countries.
  • The demo account expires after 30 days.
  • The broker does not offer more advanced platforms like MT5 and cTrader; only MT4 is available.
  • The commission is $7 for the pro account, which is a bit high compared to competitors.
  • Only forex and CFDs are offered; no real tradable assets are available

Features of Axi for the Traders in Burkina Faso

The traders of Burkina Faso are under FSA regulation. Here are the features of AxiTrader in Burkina Faso. 


Leverage is a powerful tool in forex trading. It enables traders to control larger positions with a smaller amount of capital. AxiTrader offers leverage based on the jurisdiction in which you trade. For example, Burkina Faso falls under the FSA Jurisdiction. The leverage of AxiTrader in Burkina Faso ranges from 1:1 to 400:1. The maximum leverage of AxiTrader in Burkina Faso is 400:1. You can change the leverage on your trading account via your Client Area of AxiTrader.  Here are the maximum leverage options offered by AxiTrader in different jurisdictions:

  • FMA Jurisdiction: Between 2:1 and 30:1
  • ASIC Jurisdiction: Between 2:1 and 30:1
  • FSA Jurisdiction: Between 1:1 to 400:1 
  • Professional Account Leverage: up to 500:1 

Minimum Deposit:

The minimum deposit requirement for AxiTrader is $1.This means that to open an account and begin trading with AxiTrader, you need to deposit at least $1 into your trading account. This minimum deposit amount provides traders with accessibility to the platform, allowing them to trade in multiple financial markets, including forex, commodities, indices, and more. AxiTrader offers over 10+ flexible funding options in 11 different base currencies. 

Fees( Spreads and Commissions):

AxiTrader fees and commissions depend on the type of account you choose. The broker offers three account types: Standard account, Pro, and Elite account. The Standard Account is spread-based, with spreads starting from as low as 0.9 pips. On the other hand, Pro accounts are commission-based, with a commission of $7 per standard lot round turn. The spreads of pro accounts are as low as 0 pips. The Elite account is for professional traders. It is based on commission. The commission of the Elite account is as low as $3.5 per standard lot round trip. 

Trading Platform:

AxiTrader provides a variety of trading platforms for traders worldwide, including those in Burkina Faso. These platforms include:

  • MT4
  • PsyQuation
  • Axi Trading Platform (NEW)
  • Copy Trading App

Each of these platforms offers advanced charting tools, a wide range of technical indicators, and rapid execution. You can use any platform according to your preference

Account Types:

AxiTrader offers three major types of accounts: the Standard account, the Pro, and the Elite account. The Standard account operates on spreads, while the raw spreads account is commission-based. Moreover, AxiTrader offers three types of account profiles 

  • Individual Account Profile 
  • Company/Corporate Account Profile
  • Joint Account Profile 

This provides traders in Burkina Faso with the flexibility to open a trading account that suits their needs

Financial Instruments:

AxiTrader offers 220+ trading instruments in Burkina Faso including forex, shares, commodities, indices, and cryptocurrencies.  These trading instruments allow traders to diversify their portfolios and capitalize on different market trends.

Trading Hours:

AxiTrader ensures that traders in Burkina Faso can engage with the markets at their convenience, offering a 24/5 trading schedule. This means that from Sunday evening to Friday evening (Burkina Faso local time), traders have the opportunity to access and manage their positions. This extended trading window accommodates traders with different schedules and time zones which allow them to capitalize on market movements whenever they see fit.

Customer Support:

AxiTrader has dedicated customer support for all its entities. They are professional and responsive. AxiTrader offers customer support with the following means 

  • Live Chat 
  • Phone Support 
  • Email Support 
  • Call Back Request: 

What countries are restricted on AxiTrader?

AxiTrader is a global forex broker offering services worldwide. However, due to regulatory requirements and business decisions, AxiTrader does not accept clients from many countries. These countries include: 

Congo, Eritrea, Ethiopia, Haiti, Iraq, Iran, Israel, Japan, Kyrgyzstan, North Korea, Somalia, Sudan, United States, Zimbabwe etc.

Frequently Asked Questions (FAQ)

Here are the most common questions asked by traders and investors. 

What is AxiTrader?

Founded in Sydney, Australia in 2007, Axi has grown into a global brand with 60,000 clients from over 100 countries. More than 220 forex and CFDs can be traded on its MT4 platform. The Axi Trading platform will soon be available for real trading. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading.

Does AxiTrader Work in Burkina Faso?

Yes, AxiTrader works in Burkina Faso. You can open a trading account with AxiTrader in Burkina Faso.  You can also trade 220+ trading instruments in Burkina Faso including shares, forex pairs, indices, commodities, and cryptocurrencies

Is AxiTrader Good for Beginners in Burkina Faso?

Yes, AxiTrader is good for beginners and experienced traders alike. The broker is regulated by multiple jurisdictions, offering an easy-to-use interface, a wide range of trading instruments, fast execution, and a variety of deposit and withdrawal methods. Axi’s minimum deposit is as low as $1, which is very beginner-friendly. 

Does AxiTrader Have an Office in Burkina Faso?

No, AxiTrader does not have an office in Burkina Faso. However, it has offices in several locations including Australia, UK, and UAE. Even though it doesn’t have an office in Burkina Faso, traders from Burkina Faso can communicate with AxiTrader through live chat, phone calls, emails, and by requesting a callback.

Does AxiTrader offer Islamic Accounts (Swap Free Accounts) in Burkina Faso?

Yes, AxiTrader offers swap-free Islamic accounts in Burkina Faso. The broker offers  Islamic profiles for all clients of the Muslim faith only.  A swap-free Islamic Forex account is a type of trading account that adheres to Islamic principles, specifically avoiding the payment or receipt of interest (known as “riba” in Islamic finance). In conventional Forex trading, positions held overnight may incur swap fees or interest charges, but with a swap-free Islamic account, these fees are waived.

Does AxiTrader offer any Bonuses in Burkina Faso?

Currently, AxiTrader does not provide bonuses to traders in Burkina Faso or anywhere else globally. This approach aligns with the platform’s focus on transparent and fair trading practices, ensuring that traders engage in the markets based on their knowledge and skills rather than relying on bonuses.

Does AxiTrader Offer Demo Accounts for Traders in Burkina Faso?

Yes, AxiTrader offers demo accounts for traders in Burkina Faso. These demo accounts allow beginners to practice trading with virtual funds in a risk-free environment. It’s a valuable tool for honing your trading strategies, familiarizing yourself with the platform, and gaining confidence before you start trading with real funds. The default validity of the AxiTrader demo account is 30 days. You may extend the validity by contacting AxiTrader support.

Is AxiTrader Regulated in Burkina Faso?

No, AxiTrader is not regulated in Burkina Faso. However, AxiTrader is regulated by top-tier regulatory authorities such as ASIC, FCA, FMA, and FSA. These regulatory frameworks provide traders in Burkina Faso with the assurance of a secure and compliant trading environment.

Does AxiTrader offer negative balance protection in Burkina Faso?

Yes, AxiTrader offers negative balance protection to retail clients in Burkina Faso. This means that if your account balance goes negative due to market fluctuations or other factors, AxiTrader will bring your balance back to zero. It’s an important safety feature that ensures traders won’t owe more than they initially deposited. However, it’s worth mentioning that this protection does not apply to professional traders(pro traders).

Does AxiTrader offer Investor Protection for the traders of Burkina Faso?

No, AxiTrader does not extend investor protection to traders in Burkina Faso. Burkina Faso falls under the jurisdiction of the FSA. AxiTrader does not offer an investor protection scheme in FSA jurisdiction. However, the broker provides investor protection for its  ASIC and FCA  jurisdictions. Although the traders of Burkina Faso may not have the same level of protection, Axitrader’s strong regulatory standing and commitment to ethical trading practices contribute to a secure trading environment

Final Verdict:

AxiTrader is an online forex and CFD trading platform offering a wide range of trading options, including Forex, commodities, indices, cryptocurrencies, and shares. Being regulated by top authorities adds an extra layer of trust and security for investors. With user-friendly platforms like MT4, and PsyQuation available in mobile, desktop, and web versions, AxiTrader ensures accessibility and convenience for traders. 

Additionally, features like the Funded Trading program, Axi trading platform, Copy trading apps, and Trading calculator enhance the trading experience. Therefore, for those in Burkina Faso seeking a trusted and reliable forex broker, AxiTrader stands as a solid option, furnishing all the necessary tools and support required for successful online trading. 

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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