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Axi Select – Take the next step in trading

  • #1
  • First Post: Sep 29, 2023 10:46pm Sep 29, 2023 10:46pm
Hi traders,

I am Greg Rubin, veteran trader, and Head of Axi Select. For the past 17 months, we have worked tirelessly, to create a unique, all-inclusive capital allocation program that provides the tools you need to succeed as a professional trader. I am proud of the level of transparency we are able to bring to the table, offering a fair and structured program whilst charging 0 registration fees to participate.

I created this thread to introduce Axi Select, answer your questions, and give practical tips and insights.

First thing you might ask – Why should I join Axi Select?

  1. Free to join - 0 Registration fees and no hidden costs.
  2. Get up to $1 million USD and keep 90% of profits
  3. Track your progress with an Edge score
  4. Track your performance and the performance of others with a Dashboard and a Leaderboard
  5. Exclusive Trading Room to exchange trading ideas with the help of live analysis and educational videos from professionals
  6. 1:100 Leverage


How does the actual trading with Axi funds work?
To participate in the Axi Select program, a trader will need to achieve an Edge score of 50 and deposit $500 USD into their own Axi Select account. We will match the funds in an allocation account based on the max funding multiplier and replicate the trade placed by the trader in the allocation account as per the multiplier. For example, if a trader has $500 in their Axi Select account in the seed stage, we will open an allocation account with $5k in the account. If the client places a trade to buy 0.1 lots of xau, we will purchase 1 lot of xau in the allocation account. The trader gets to set the multiplier at the beginning of each stage by the amount of funds in the Axi Select account.

Succeed in six stages
Axi Select involves six progressive and transparent stages: Seed, Incubation, Acceleration, Pro, Pro 500 and Pro M. You can unlock new stages by meeting the criteria laid out in each stage. There are no max time limits per each stage, so traders can take their time with each stage.

 Please see link to the program rules and our website for more information.

https://axidocs.s3.ap-southeast-2.am...gram+Rules.pdf

https://www.axi.com/int/funded-trader-programme


Real trading environment
All trading within Axi Select is done with live trading accounts. We do not use any demo accounts for this program. When joining, traders can choose which account type they would like (Standard, Pro, Premium).

Axi Select isn’t just another funded trader program. Our offering is much more than just the funding we provide. We also aim to build an inclusive online community, that welcomes traders from different backgrounds and experiences. We therefore encourage you to openly ask, participate and share your thoughts and ideas. Please feel free to contact me with your questions and let’s start a dialogue about the different ways Axi Select can assist you in your trading journey.

Greg Rubin, Head of Axi 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 to AU, NZ and UK residents. For more information, refer to our Terms of Service. Other fees and minimum deposit apply.

  • #2
  • Oct 6, 2023 3:12am Oct 6, 2023 3:12am
I thought Axi was a broker, not a prop firm. What is difference between stages?
  • #3
  • Oct 6, 2023 8:38am Oct 6, 2023 8:38am
Quoting GregRubin
Hi traders, I am Greg Rubin, veteran trader, and Head of Axi Select. For the past 17 months, we have worked tirelessly, to create a unique, all-inclusive capital allocation program that provides the tools you need to succeed as a professional trader. I am proud of the level of transparency we are able to bring to the table, offering a fair and structured program whilst charging 0 registration fees to participate. I created this thread to introduce Axi Select, answer your questions, and give practical tips and insights. First thing you...
What is Edge score? How is the edge score calculated?
  • #4
  • Oct 6, 2023 10:46pm Oct 6, 2023 10:46pm
Hi, Mr. Rubin.

A few questions:
- Does Axi Select provide a free trial (even for a limited time-period like FTMO's)? If not, would you consider it?
- Are the trading conditions at Axi Select exactly the same as those for ordinary retail clients? (There are negative broker-reviews both on Trust Pilot and FPA that can be a cause for concern, like withdrawal issues and poor customer service).
-Is my understanding correct that AXI Ltd is a market-maker?

Thanks in advance for your clarification.
Amor Fati--F. Nietzsche
  • #5
  • Oct 7, 2023 2:00am Oct 7, 2023 2:00am
Quoting doji
Hi, Mr. Rubin. A few questions: - Does Axi Select provide a free trial (even for a limited time-period like FTMO's)? If not, would you consider it? - Are the trading conditions at Axi Select exactly the same as those for ordinary retail clients? (There are negative broker-reviews both on Trust Pilot and FPA that can be a cause for concern, like withdrawal issues and poor customer service). -Is my understanding correct that AXI Ltd is a market-maker? Thanks in advance for your clarification.
- Axi does offer a demo account, like most retail brokers.
- Axiselect's conditions ard 100% the retail client account's conditions, after all your master account is your own axi(select) acct with your own money!!
- a client of Axi/Axiselect myself since 2017, and fwiw I had no withdrawal issues, and support fully on par with any other brokers I have used.( that said, I don't have much issues to raise, trading is normal experience). Over the years I had received from old Psyquation/Axiselect a solid 5 digits in payouts.
- Axi is a multi regulation retail broker. Axiselect is under the SVG regulation. Axiselect is not a fly under the radar, 1 man show of a pay-to-play prop firm that pops up overnight with a virtual office address.

Hope this helps

Happy trading!
Z
there is always, always another trade!!
  • #6
  • Edited 2:51am Oct 7, 2023 2:02am | Edited 2:51am
Quoting Mertens
I thought Axi was a broker, not a prop firm. What is difference between stages?
Hi Mertens,

Axi is a broker and we have also just launched a capital allocation program - Axi Select. There are 6 progressive stages in the Axi Select program, with clients starting in the seed stage and then having to meet certain requirements to advance in the program.

Please have a look at the Axi Select Pathway in the link below, it provides full details regarding the requirements for each stage. Please let me know if this or anything else is not clear, will be happy to elaborate further if need be.

Thank you

https://axidocs.s3.ap-southeast-2.am...gram+Rules.pdf
  • #7
  • Edited 2:52am Oct 7, 2023 2:04am | Edited 2:52am
Quoting ArtStep
{quote} What is Edge score? How is the edge score calculated?
Hi Artstep,

The edge score is a sophisticated scoring system that we have developed in-house. It serves a dual purpose within the Axi Select program.

(1) to assess your trading performance for progression in the programme, and

(2) to assist you on your trading journey.

The Edge score is component based and broken down into: Skill, Risk, Consistency & Experience.

Skill: Measures your ability to generate profits whilst managing drawdowns.

Risk: Measures your ability to manage risk effectively.

Consistency: Measures your ability to produce consistent gains and demonstrate an understanding of market dynamics. Traders who consistently generate steady profits will score highly.

Experience: Experience assesses you meet the minimum criteria for displaying credible trading experience. This component of the score works as a discount factor, which rewards traders who have a longer and positive track record by applying a smaller score reduction.

The combination of these four factors gives us the Edge score, a comprehensive overview of your trading performance, allowing us to assess and nurture talent in the Axi Select programme.

Please shout if you have any further questions regarding the edge score. Thank you
  • #8
  • Oct 7, 2023 2:29am Oct 7, 2023 2:29am
Quoting doji
Hi, Mr. Rubin. A few questions: - Does Axi Select provide a free trial (even for a limited time-period like FTMO's)? If not, would you consider it? - Are the trading conditions at Axi Select exactly the same as those for ordinary retail clients? (There are negative broker-reviews both on Trust Pilot and FPA that can be a cause for concern, like withdrawal issues and poor customer service). -Is my understanding correct that AXI Ltd is a market-maker? Thanks in advance for your clarification.

Hi Doji,

Axi Select does not charge any registration fees to participate in the program. We do not offer a free trial as our program is completely free to join. That said, whilst we do not charge any fees, we do require clients to deposit $500 USD into their own Axi Select account. These funds are completely the traders funds.

For further information on how Axi Select works, please click on the link below.

https://axidocs.s3.ap-southeast-2.am...gram+Rules.pdf

Whilst I cannot comment on specific reviews, what I can say is Axi is a trusted broker that has been around for 16 years servicing many clients in 100+ countries. Axi is also the official online trading partner of Manchester City football club.

As per the disclaimer I posted in my original post: In our dealings with you, we will act as a principal counterparty to all of your positions.

Please let me know if you have any further questions.

Thank you.
  • #9
  • Oct 7, 2023 3:58am Oct 7, 2023 3:58am
Quoting GregRubin
The trader gets to set the multiplier at the beginning of each stage by the amount of funds in the Axi Select account.
Hi Greg,
Is this true at the seed stage also?
I did not get any option to set the multiplier at the begining of the stage nor do I see an option to change it half way through. It was automatically set to and continues to be 9.6.
  • #10
  • Oct 7, 2023 4:14am Oct 7, 2023 4:14am
Quoting nonibadsha
{quote} Hi Greg, Is this true at the seed stage also? I did not get any option to set the multiplier at the begining of the stage nor do I see an option to change it half way through. It was automatically set to and continues to be 9.6.
Hi Nonibadsha,

This is true for the seed stage as well. The multiplier is set before a trade is placed at each stage and it is a ratio between the funds in your allocation account and the funds in your Axi Select account. Once a trade has been placed, the multiplier is set at the ratio amount. So for example, if you start the seed stage with $500 in your Axi Select account, we will put $5000 in the allocation account. Once you place a trade, the multiplier will be set at 10x and all trades will be copied at 10x whilst you at this stage (This can change at other stages, once you receive the automatic payouts into your Axi Select account and your allocation account resets).

Let's say you qualify for the incubation stage where we will put a maximum of $20,000 in the allocation account. Before placing a trade at this level, you can decide on what ratio you would like the trades to be copied at by the amount of funds in your Axi Select account you start the stage with. If you start with $2,000 for example, the multiplier will be set at 10x, if you start with $4,000, the multiplier will be set at 5x etc.

Please let me know if not clear. Thank you
  • #11
  • Oct 13, 2023 2:06am Oct 13, 2023 2:06am
Hi
I understand that to start, one needs a score of 50. That score is based on the traders' performance in their personal account (s).

Now after depositing $500 and getting the allocation account, the performance in the traders's personal accounts still will affact the score on an onging basis but will it also have a bearing on the axiselect and the allocation account?
  • #13
  • Oct 15, 2023 6:04pm Oct 15, 2023 6:04pm
Quoting OutThere
Hi I understand that to start, one needs a score of 50. That score is based on the traders' performance in their personal account (s). Now after depositing $500 and getting the allocation account, the performance in the traders's personal accounts still will affact the score on an onging basis but will it also have a bearing on the axiselect and the allocation account?
Hi OutThere,

The edge score is calculated at account level, so each of your accounts at Axi will have different scores. if you already an Axi client and have used one of your existing Axi accounts to qualify for the seed stage, then once you are provisioned with your new Axi Select account, only trades taken in the newly provisioned account will impact your score for the Axi Select program. Your score used to qualify will not carry over to your new Axi select account, so you, like all clients will need to place 20 trades in the new Axi Select account, before you will receive a score in this account.

Please let me know if any not clear.
  • #14
  • Oct 16, 2023 9:53am Oct 16, 2023 9:53am
Quoting GregRubin
{quote} Hi OutThere, The edge score is calculated at account level, so each of your accounts at Axi will have different scores. if you already an Axi client and have used one of your existing Axi accounts to qualify for the seed stage, then once you are provisioned with your new Axi Select account, only trades taken in the newly provisioned account will impact your score for the Axi Select program. Your score used to qualify will not carry over to your new Axi select account, so you, like all clients will need to place 20 trades in the new Axi Select...
Sounds good. Thanks.
  • #15
  • Oct 16, 2023 11:15pm Oct 16, 2023 11:15pm
Hi Greg

I have 2 active accounts at Axi and it shows the edge score for both is 63 even though I trade different strategies and pairs in each.
Looks like there is only one edge score calculated per client.

Also, the higher edge scores like 80/90 are going to be extremely difficult to achieve and maintain. Because of this, the pro levels look like pie in the sky to me and quite unattainable. Maybe a few will reach and keep such scores but right now, it looks like a very discouraging requirement. I think you are searching for trading savants.
  • #16
  • Edited 12:32am Oct 17, 2023 12:22am | Edited 12:32am
Hi OutThere

We currently showing the account in your client portal with the highest Edge Score. So 63 would mean this is your account with the highest score. We are currently working on showing each account's score in the client portal. This update should be ready in the coming weeks. (Will make it much clearer!).

It certainly is not "easy" to attain an edge score of 80+ but certainly is attainable, especially with the unrestrictive trading conditions we offer. Looking at the leaderboard right now, I can see that just over 9% of traders have a score above 80 and we have only recently launched the program.

We are ultimately giving clients the ability to trade with a significant amount of our funds (Seed 5k, Incubation 20k, Acceleration 100k, pro 200k, pro 500 500k, pro M 1m) without charging a registration fee. The fact that it is free to join and traders have the ability to access $1M of our funds, naturally it is not going to be easy and something that everyone will achieve. We acknowledge this. That said, if we just referring to the Edge score, currently 25% of traders would qualify for at least $100k of our funds. Included in this is an exclusive trading room with professional traders present and a direct line to them, a community, a dashboard with statistics, and a leaderboard. We do not charge anything for this! So, there is plenty of upside even for clients who do not make it to the pro stage. Of course, that does not mean it is not possible to make it to the pro stages but just pointing out that there are many advantages for traders even if one does not make it to the top.

Despite the offering, we are always interested in hearing from clients to improve the program, so more than happy to take any suggestions. Please do let me know if you have any. We are planning on providing more information on the Edge score so look out for that!

Thank you!
  • #17
  • Oct 17, 2023 2:56am Oct 17, 2023 2:56am
The highest score I achived in Psychstation was 82. I remeber I had nearly doubled the account in a couple of months. Personally, based on experience, I doubt I will top that perfotmance and that score.
I take your program to be at best a single 100K account with a profit share of 50%. That much lower profit share compared to props which pay 90% will certainly make up for the fees that as you mention, you don't charge.
I personally have no need for the dashboard or trader community or trader room etc. especially in exchange for a 40% lower profit share. Not knocking the goodies there but there is certainly a price charged for them in terms of lower profit share.
The ambiguety of your edge score formula is not at all attractive. This has been pointed out by a number of the participants in the thread here on FF that discusses prop firms too. This program doesn't seem to interest the kind of traders that are attracted to prop firms and therefore cannot be considered an alternative for the majority of prop traders.
Currently, I doubt anyone has made it to the pro level and the pro levels, far from being easy, probably are not attainable by most traders. The pro levels are basically window dressing for hopefull starry eyrd traders. So, barring some improvements, as I mentioned, this is a 100K challenge with 50% profit share decorated with shiny sparklers and jingles and bells.
  • #18
  • Oct 17, 2023 4:25am Oct 17, 2023 4:25am
Quoting OutThere
The highest score I achived in Psychstation was 82. I remeber I had nearly doubled the account in a couple of months. Personally, based on experience, I doubt I will top that perfotmance and that score. I take your program to be at best a single 100K account with a profit share of 50%. That much lower profit share compared to props which pay 90% will certainly make up for the fees that as you mention, you don't charge. I personally have no need for the dashboard or trader community or trader room etc. especially in exchange for a 40% lower profit...
frankly, as it currently stands i also have my own doubts that i can get to 90+ score...
it isnt comparable to old Psyquation, part bcos the score itself was calculated with a very different metric set, where PQ score was seemingly more of an overall thing, not to mention the requirement was a lot more lenient to qualify, top 25% score (75+/100) to became pro vs top 10% (90+/100)
i could go into this for a few pages, but it is still early to make full conclusions i think. maybe not everything is carved in stone yet.

however, regarding to your comment to the profit share, the 100k @50% being too low,
it is somewhat unfair to look at this way.
to simplify, i will only mention 2 things:
- the daily dd limit = to max dd limit = -10% equity
- the drawdown limit doesnt trail, static from the start of the stage or the payout, whichever is the later event. you can build that drawdown up, ie if you after a week in +5% profit, your allowed ( and actual daily!) drawdown limit is -15% that case, vs most of your high profit share prop examples, where it typically stays -5% or lower that daily dd limit.

if you look at this in the right context, it would be equal that on FTMO, MFF or whatnot you buying a 100k account that gives 100% profit share, simply bcos you can trade 2x larger risk before violating your account's rules.

agree with you that this AxiSelect program is not at all attractive to most ppl on the prop trading thread you have mentioned.
for the simple reason there is no 1 day passing of a challenge option, and gambling in general doesnt work. but i dont see it as negative, i dont care to play lottery.
( not to forget it isnt offered for US traders for example, and some of those participants are from there)
there is always, always another trade!!
  • #19
  • Oct 17, 2023 5:03am Oct 17, 2023 5:03am
Quoting profitfarmer
{quote} frankly, as it currently stands i also have my own doubts that i can get to 90+ score... it isnt comparable to old Psyquation, part bcos the score itself was calculated with a very different metric set, where PQ score was seemingly more of an overall thing, not to mention the requirement was a lot more lenient to qualify, top 25% score (75+/100) to became pro vs top 10% (90+/100) i could go into this for a few pages, but it is still early to make full conclusions i think. maybe not everything is carved in stone yet. however, regarding to...
Yes, that 90+ score is very prohibitive. I think the pro levels are just fillers for the high end of the program to provide carrot on a stick and meant to dazzle without substance. If you can't reach 90, I certainly can't.
Good points All together especially re trailing dd but I guess one has to pay for that advantage with 40% of their profit. There are props that charge extra for removing the trailing part...I think, not sure who and I don't know how much the cost is. So, with Axi, if you earn 10K per month in an accelerated account, in a way, you'd be paying 4K to Axi to remove the trailing dd.
For me a positive is Axi's reputation as a broker. I think they would handedly beat the likes of MFF (obviously) and FTMO which slaps gag orders on their customers.
Still considering it since Axi gives 3 strikes and there is no challenge fee. Will see how you do first. Lol
  • #20
  • Oct 17, 2023 9:21am Oct 17, 2023 9:21am
Interested trade method.
Would you like to try automating THIS?
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